ENTREPRENEURSHIP & SMALL BUSINESS MANAGEMENT - MCQS

S.Y B.COM

SEMESTER - 4

ENTREPRENEURSHIP & SMALL BUSINESS MANAGEMENT

(ESBM)

MCQS 

1. The word 'Machine‘ in patent means that the patent application is for specific _______ item. 

(a) Production 

(b) Fabrication 

(c) Compositions 

(d) Physical

2. Compositions of matters means _________

(a) Methods of Production 

(b) Product

(c) Mixture of ingredients 

(d) Above all.

3. Utility patents are given for_______ years.

(a) 15

(b) 16 

(c) 17 

(d) 18

4. Design patents are granted for any __________ design.

(a) Copied ornamented design. 

(b) Only ornamental design

(c) Original ornamental design. 

(d) None of these.

5. Design patents are given for years.

(a) 3 1/2 

(b) 7 

(c) 14 

(d) All of these.

6. A plant patents are given for years.

(a) 14 

(b) 15 

(c) 16 

(d) 17

7. Which of the following is service mark of Kotak securities?

(a) Plan your investment partner. 

(b) Your investment partner.

(c) Think investment think Kotak 

(d) Kotak your investment guide.

8. A copyright extends protection to authors, composers, and artists and relatives to the form of subject matter.

 

(a)True 

(b) False

9. The word entrepreneur was first used in 

(a) French 

(b) Swedish 

(c) German 

(d) Russian

10. The term entrepreneur was first applied to

(a) Leader of Organization. 

(b) Leader of Military 

(c) Leader of Cricket.

11. In 18th Century the Frenchman used the term "Entrepreneurs”. 

(a)True 

(b) False

12. Who applied the term "Entrepreneurs" is a dealer, who purchases the means of production.

 

(a) E.E. Gaggen 

(b) Noach Webster, 

(c) J.B.Say 

(d) Richard Cantilion

13. J.B.Say said, entrepreneur as an organizer. 

(a)True 

(b) False

14. According to ________ Entrepreneur as an innovator?

(a) J.B.Say 

(b) Francis. A. Walter 

(c) Joseph Schumpeter 

(d) Peter Drucker

15. The Term "Entrepreneurship" was given by ________ in ________.

(a) J.B.Say 17OO A.D. 

(b) J.B.Say 1800 A.D.

(c) Peter Drucker. 1600 A.D. 

(d) Richard Cantilion, 1800A.D

16. Entrepreneurship is an economic agent who combines_____

(a) Resources 

(b) Materials

(c) Factors of Production 

(d) Various products

17. Who describes entrepreneur as a change agent? (Peter Drucker)

18. According to Bevvn murthy entrepreneur are motivated to start business due to ________, ________, ________ factors. (Ambitious, Compelling, Facilitating)

19. Preparation stage of creativity process also known as

_________.(Rationalization)

20. Focus Group have _______ participants. (8 to 14)

21. In which method of generating new ideas do not have leader

(a) Brain storming 

(b) Focus Group 

(c) Problem inventory analysis 

22. How many stages are there in creativity process.

(a) 4

(b) 5 

(c) 6 

(d) 7

23. Creativity is basically a result of

(a) Knowledge 

(b) interest 

(c) curiosity 

(d) All of above.

24. "Conversational Interview" is include in which of the following stage:

(a) Commercialisation 

(b) Test marketing

(c) Concept stage 

(d) Product development stage.

25. "Buy my product to try my product" is included in

(a) Growth stage 

(b) Maturity stage

(c) Start up stage 

(d) Decline stage

26. __________ is the process of doing new things.

(a) Creativity 

(b) Innovation

27. Stage in the creative process involves sub-conscious assimilation of information.

(a) Illumination 

(b) incubation

28. Which one of this is the criteria for getting the patent right?

(a) New 

(b) Useful 

(c) only A 

(d) Both A & B

29. Patenting of composition of matter includes ____________________

(a) Medicines and cosmetics 

(b) Technical application

(c) Technical application 

(d) All of the above.

30. The word "risk" in entrepreneurship means

a) A situation which is realistic about an outcome of the activity

b) A situation where certainty prevails about an outcome of the activity

c) A situation where uncertainty prevails about outcome of an activity

d) All of the above

31. Seed capital is a capital...

a) Initially required to develop a business/to start a business

b) Initially required to hire new employees

c) Initially required to emerge as a style icon

d) Initially required to develop an innovative product

32. The term ”Publicity" in marketing means:

a) Aggressively advertising the product

b) It means doing charity work and making noise about it

c) Planting the news through media 

d) None of the above

33. The term Intellectual Property means

a) Property owned by intelligent entrepreneur

b) Patent/trademark/copy right held by the entrepreneur

c) Both of the above 

d) None of the above

34. _______ helps in assessing the strengths and weaknesses of competing products and services

 

a) competitive analysis 

b) technical analysis

c) economic analysis 

d) financial analysis,

35. In _______ stage of product planning and development process, the actual consumer reaction to the physical product is determined.

a) Test Marketing 

b) Commercialization 

c) Product Development 

d) Concept

36. In Patent Law, anything that is patentable must be:

a) New and useful 

b) Exclusive 

c) Unique 

d) None of the above

37. Which of the following concept means a joining together of different and often unrelated ideas?

a) Incubation 

b) Synectics 

c) Rationalization 

d) Illumination 

38. ________ is a grant of property right by the government to an inventor.

a) Trademark 

b) Patent 

c) Copyright 

d) Service Mark

39. A _______patent is granted for any new products, processes, and machines, methods of manufacturing and compositions of matter.

a) Utility 

b) Technological 

c) Process 

d) Physical matter

40. A ___________ includes any word, name, symbol. or distinguishing device, or any combination there of adopted and used by a manufacturer or merchant to identify his 

goods and distinguish from those manufactured or sold by others.

a) Trademark 

b) Service mark 

c) Copyright 

d) Design Patent

41. _________ are similar to patents in establishing ownership and protection for creative endeavor but they pertain to intellectual property.

a) Registered Name 

b) Brand Name 

c) Service Mark 

d) Copyright

42. J A Schumpeter Assigned a crucial role of_______ to the entrepreneur in his theory of economic development

a) Creative Agent 

b) Innovator 

c) Economist 

d) Intrapreneur 

43. ________is defined as risk thaty can not be insured against and is incalculable.

a) Incalculable Risk 

b) Uncertainty 

c) Unsecured Risk 

d) Uninsured Risk

44. A _________ extends protection to authors composers and artists, and at relates to the form of expression rather than the subject matter.

a) Registration 

b) Brand Name 

c) Service Mark 

d) Copyright 

45. ________ is sometimes referred to as the game plan or road map in business.

a) Business Plan 

b) Marketing Plan 

c) New Venture Report 

d) Legal Document

46. The person who utilized inventions and discoveries to make new combination is called as

a) Inventor 

b) motivator 

c) Investor 

d) Innovator

47. The __________ stage of creative process is a seeding process.

a) Idea germination 

b) Preparation 

c) Incubation 

d) Verification

48. A utility patent is granted for a period of

a) 7 years 

b) 17 years 

c) 5 years 

d) Lifetime

49. ________ protects the appearance of the article and not the article.

a) Design Patent 

b) Product Patent 

c) Utility Patent 

d) Plant Patent

50. Reproduction of a copyrighted work for criticism, comment, scholarship and classroom teaching is considered as ________ of copy right.

a) Limitation 

b) Violation 

c) Infringement 

d) fair use

51. The method for developing new ideas, when individuals are not aware of the problem is called as

a) Gordon Method 

b) Forced relationship method

c) Free association method 

d) Checklist method

52. ________ is an artificial being, invisible, intangible and existing only in contemplation of law.

a) Franchise 

b) Corporations

c) Partnership 

d) Sole proprietorship

53. The short description of the entire business plan is called as

a) Executive Summary 

b) Harvest Strategy 

c) Business description 

d) Milestone Schedule

54. Which is more suitable as sociologist‘s view of Entrepreneur?

a) Entrepreneur as a role performer as expected by society

b) Economic incentives are the main drive for entrepreneurial activities

c) Entrepreneur in a society possess particular psychological characteristics

d) All of these

55. Which is the group method for obtaining new ideas and solutions where freewheeling of ideas are encouraged and negative comments and critics are not allowed?

a) Problem Inventory Analysis 

b) Focus Group 

c) Brainstorming 

d) Gordon Method

56. ______ Needs to possess qualities and qualifications like high achievement motive, originality in thinking, foresight, risk bearing ability and so on.

a) Entrepreneur 

b) Employees 

c) Workers 

d) Managers

57. The _________ is focused by the successful growth-minded entrepreneur rather than on resources, structure and strategy.

a) Profit 

b) Achievement 

c) Risk 

d) Opportunity

58. The word entrepreneur is derived from the _________ verb known as entrepreneur.

a) German 

b) French 

c) Egypt 

d) Values

59. 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

60. The writing listing and oral presentation skills possessed by an entrepreneur are more appropriately classified as

a) Business management skill 

b) Technical skills

c) Personal entrepreneur skill 

d) None of these

61. Creativity is the ___________ to bring out something new into existence.

a) Ambition 

b) Ability

c) Procedure

d) Desire

62. Most creative idea can be traced to an individual’s interest in or __ about a specific problemor area of study.

a) Research 

b) Knowledge 

c) Skill 

d) Curiosity

63. what cannot be patented from following?

a) Processes 

b) Machines 

c) Artistic work 

d) Compositions ofmatter

64. A _______ is any word, name symbol or any combination thereof adopted and used by a manufacture or merchant to identify his/her good and distinguishes their goods fromthose manufactured or sold by other in the market.

a) Trademark 

b) Copyright 

c) Patent 

d) Geographical indication

65. Competitive analysis patent in a business plan is a part of ______ segment of business plan

a) Business description 

b) Operation 

c) Management 

d) Marketing

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