ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENT - FEBRUARY 2013 MCQS

S.Y B.COM

SEMESTER - 4

ENTREPRENEURSHIP & SMALL BUSINESS MANAGEMENT

(ESBM)

MCQS - FEBRUARY 2013

1. The term 'Entrepreneur‘ was applied to business initially by _____

(a) J.B. Say 

(b) Richard Cantillon 

(c) Peter Drucker 

(d) Knight

2. Entrepreneurs emerging from within the confines of organisation are called as ________

(a) Intrapreneur 

(b) Entrepreneurs 

(c) Extrapreneurs 

(d) Interpreneurs

3. Sociologists consider the entrepreneur as a ______ corresponding to the role expected by the society.

(a) Role visualize 

(b) Role performer 

(c) Role definer 

(d) Role co-ordinator

4. A _____ is a type of company formed from research and development that usually does not go public.

(a) High potential venture 

(b) Gazelles 

(c) Lifestyle firm 

(d) foundation company

5. The cycles of ________ and _________ will be repeated until opportune incidents take place.

(a) Idea germination and preparation 

(b) Preparation and incubation

(c) Preparation and illumination 

(d) Illumination and verification

Note: Question 6 to 10: True or False

6. Brainstorming is a qualitative method of generating business ideas. (True / False)

7. Apart from generating new product ideas, Problem inventory analysis can also be used for testing a new product idea. (True / False)

8. Anything that is patentable must be creative and innovative. (True / False)

9. Reproduction of a copyrighted work for criticism, comment, scholarship and classroom teaching is considered as an infringement of copy right. (True / False)

10. Those who infringe on trademarks or counterfeit them are guilty of misappropriation. (True / False)

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