ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENT - FEBRUARY 2016 MCQS

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SEMESTER - 4

ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENT

(ESBM)

MCQS - FEBRUARY 2016

1) According to_________ an entrepreneur is the economic agent who unties all means of production, the labor force of the one and the capital or land of the others and who finds in the value of the products results from their employment

a) J.B. Say 

b) JosephA. Schumpeter

c) Peter Drucker 

d) J. S. Mill

2) Ability to manage change and Change Orientation is classified in the ________ type of skills required in entrepreneurship.

a) Technical Skills 

b) Business Management Skills

c) Conceptual Skills 

d) Personal Entrepreneurial Skills

3) The origin of the word entrepreneur is from the _________ verb known as entrepreneur.

a) German 

b) French 

c) Egypt 

d) Latin

4) According to J. B. Say an entrepreneur is the_________ who utilises all means of production.

a) Innovator 

b) Risk taker 

c) Economic Agent 

d) Achievement oriented

5) The decision making, human relations and negotiation skills possessed by an entrepreneur are more appropriately classified as ___________.

a) Business Management Skills 

b) Technical Skills

c) Personal Entrepreneurial Skills 

d) Conceptual Skills

6) The federal government can be a source of new product ideas in the form of and __________.

a) Patents, regulations 

b) Rules, regulations

c) Procedure 

d) Customs, imports

7) Most creative ideas can be traced to an individual’s interest in or ____________ about a specific problem or area of study.

a) research 

b) knowledge 

c) skill 

d) curiosity

8) Idea Germination stage of Creative Process is also known as ________ Process.

a) Fantasizing 

b) Realization 

c) Seeding 

d) Validation

9) A __________ is any word, name, symbol or any combination there of adopted and used by amanufacturer or merchant to identify his/her goods and distinguishes their goods from those manufactured or sold by others in the market.

a) Trademarks 

b) Copyrights 

c) Patents 

d) Geographical indication

10) No criticism and no negative comments are allowed by anyone in the __________ method of generating ideas.

a) Focus Group 

b) Problem Inventory Analysis

c) Creative Problem Solving 

d) Brainstorming

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