ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENT - FEBRUARY 2017 MCQS

S.Y B.COM

SEMESTER - 4

ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENT

(ESBM)

MCQS - FEBRUARY, 2017

1. The word Entrepreneur is derived from the ______ werb.

[A] Greek 

[B] French 

[C] Latin 

[D] German

2. __________is a person who focuses on innovation and creativity and who transforms dream or idea into profitable venture by operating within the organization environment.

[A] Intrapreneur 

[B] Entrepreneur 

[C] Manager 

[D] None of these

3. Match ‘X’ with ‘Y’.

X	Y
I Economists view	(i) Entrepreneur as change agent and innovative response to society
II Sociologists view	(ii) Entrepreneurs directed towards materialistic objective of maximization
III Psychologists view	(iii) Entrepreneur is role performer corresponding to the role expected by society

 

[A] (I - ii) (II - iii) (III - i) 

[B] (I - i) (II - ii) (III - iii) 

[C] (I - iii) (II - i) (III - ii) 

[D] (I - iii) (II - ii) (III - i)

4. The status of entrepreneur is of__________ while of manager is _______.

[A] Servant-Owner 

[B] Employee - Employer 

[C] Employee - Servant 

[D] Owner - Servant

5. In ____ method of generating ideas a moderator leads group of people through open, in depth discussions.

[A] Focus Group

[B] Checklist 

[C] Brainstorming 

[D] None of these

6. __________characteristic defines entrepreneur as a believer of accomplishment and setbacks within their own control and influence and can be affected by the outcome of their actions.

[A] Drive to achieve 

[B] Internal Locus of Control

[C] Risk taking 

[D] Seeking feedback

7. The entrepreneurs are change agents and give innovative response to society is more appropriately related to view of entrepreneurship.

[A] Psychologists

[B] Sociologists

[C] Economists

[D] None of these

8. Intrapreneur is an entrepreneur within an already established organization was referred to by_______

[A] Gifford Pinchot 

[B] Kilby 

[C] Peter Drucker 

[D] Harbinson

9. An Entrepreneur in an advanced economy is an individual who introduces something new in the economy was written by _____

[A] J.B.Say 

[B] Schumpter 

[C] Peter Drucker 

[D] Harbinson

10. __________is the ability to bring something new into existence.

[A] Innovation 

[B] Creativity 

[C] Incubation 

[D] Illumination

11. In__________ method of generating new ideas, freewheeling is encouraged.

[A] Focus Group 

[B] Problem Inventory Analysis

[C] Brain Storming 

[D] None of these

12. What is the name of economists who has listed three entrepreneurial functions viz., superintendence, control and direction?

[A] J.S.Mill 

[B] Kirzene 

[C] B. F. Hoselitz 

[D] Harbinson

13. The__________ view entrepreneurship as a vigorous application of the person’s energies towards the long- cherished goals.

[A] Sociologist 

[B] Economist 

[C] Psychologist 

[D] None of these

14. Which one of the following statements is not appropriate for term entrepreneur?

[A] Sees a business opportunity, obtains the necessary inputs

[B] Brings an organization into existence

[C] Starts a small business and grows it to a large business house

[D] Operates within the organizational environment

15. Which one of the following alternatives are the functions of entrepreneurs?

[A] Innovation 

[B] Research 

[C] Assumption of risk 

[D] All of these

16. Which one of the following statements is not appropriate for term Manager?

[A] he does not bear any risk 

[B] he renders his services in an enterprise

[C] he is the owner of the enterprise 

[D] he execute the plans

17. Entrepreneur desire to know how well they are doing and how they might improve their performance, reflect__________ characteristics of an entrepreneur.

[A] Seeking feedback 

[B] Internal locus of control

[C] Initiative and Responsibility 

[D] Opportunity orientation

18. Which of the following are most appropriate to the term Manager?

[A] he is an employee 

[B] gets salary as reward for the service

[C] he execute the plans in enterprise 

[D] All of these

19. The clear pattern among successful, growth minded entrepreneurs is their focus on __________ rather than on resources, structure or strategy.

[A] Opportunity 

[B] Responsibility 

[C] Feedback 

[D] Risk taking

20. Entrepreneur has been viewed as an independent and highly self-reliant innovator and actively first to start the enterprise, reflect __________ characteristics of the entrepreneur.

[A] Seeking feedback 

[B] Internal locus of control

[C] Initiative and Responsibility 

[D] Opportunity orientation

21. Lack of seed capital is of__________ entrepreneurship.

[A] Characteristics 

[B] Objective 

[C] Barrier 

[D] None of these

22. The entrepreneur is role performer corresponding to the role expected by society is more appropriately related to __________view of entrepreneurship.

[A] Psychologists

[B] Sociologists

[C] Economists

[D] None of these

23. Which one of the following is the correct sequence of creativity process?

[A] Idea Germination - Incubation - Illumination - Preparation - Verification

[B] Idea Germination - Preparation - Incubation - Illumination- Verification

[C] Idea Germination - Illumination - Incubation - Verification - Preparation

[D] Idea Germination - Verification - Preparation - Incubation - Illumination

24. Match ‘U’ with ‘V’. U V

U	V
I Idea Germination	(i) Validation
II Preparation	(ii) Realization
III Incubation	(iii) Recognition
IV Illumination	(iv) Fantasizing
V Verification	(v) Rationalization

[A] (I - i) (II - ii) (III - iii) (IV - iv) (V - v) 

[B] (I - iv) (II - i) (III - ii) (IV - iii) (V - v)

[C] (I - iv) (II - iii) (III - i) (IV - v) (V - ii) 

[D] (I - iii) (II - v) (III - iv) (IV - ii) (V - i)

25. _________is one’s exclusive property rights can be sold, transferred, willed, licensed or used as collateral much likely other assets?

[A] Patents 

[B] Copy right 

[C] Trademarks 

[D] Geographical indication

26. The full form of TRIPS is__________.

[A] Trade Related Intellectual Property Rights 

[B] Transaction Related Intellectual Property Rights

[C] Trade Related Intelligent People Right 

[D] Transaction Related Intelligent People Right

27. Written document that details the proposed venture is called.

[A] Business plan 

[B] Investment Prospects 

[C] Loan proposal 

[D] All of these

28. What from the below given items can be patented?

[A] Processes 

[B] Machines 

[C] Manufacturers

[D] All of these

29. __________protects original works of ownership and gives an exclusive right to do or authorize others to do certain acts in relation to literary, dramatic, musical, artistic works cinematography and sound recordings.

[A] Trademarks 

[B] Geographical Indication

[C] Patents 

[D] Copy rights

30. In general, Copy Rights protects the intellectual property for the life of the originator plus_________ years.

[A] 60 

[B] 50 

[C] 40 

[D] 30

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