Top 250+ Solved Entrepreneurship and Small Business Management MCQ Questions Answer
Q. Fabian Entrepreneurs are characterized by:
a. Hardworking
b. Religious and traditional
c. Shy and Lazy
d. Ready to take risk
Q. Drone entrepreneur are those who generally
a. Earn super profit
b. Earn normal profit
c. Earn profit or even losses
d. Incur losses
Q. Systematic innovation means
a. Monitoring different sources of or innovative opportunity
b. Developing different types of entrepreneurial behavior
c. Identifying different new business opportunity
d. Creating bases for systematic creativity
Q. Supply of entrepreneur depends on the
a. Rate of the profit available
b. Prevailing social climate
c. Rate of profit and social climate
d. None of the above
Q. The 'enterprise culture' is a general interest in developing new ventures
a. True
b. False
c. all
d. none
Q. Which of the following is presented as evidence of social factors influencing whethersomeone becomes an owner-manager?
a. Although people believe self-employment runs in families, there is little evidence to support this view.
b. There seems to be little relationship between self-employment and age.
c. Self-employment is more common among some ethnic groups.
d. Self-employment is more common among single people than among the marrie
Q. Which of the following is not one of the environmental factors that may influence the potential of a small business?
a. Close contacts with customers related to problem solving activities
b. Clusters of technically advanced small firms
c. An industry with economies of scale
d. Banks recognising the needs of small firms
Q. What factors have contributed to the blurring of boundaries between different industries?
a. Technological innovation; political change; legal and socio-economic changes
b. Technological innovation
c. Changes amongst customers, competitors and suppliers
d. Both (a) and (d)
Q. EDP meant for developing
a. Professional skill
b. Entrepreneurial motive
c. Personal qualities
d. Entrepreneurial monitoring
Q. EDP is required to help
a. Existing entrepreneur
b. First generation entrepreneur
c. Future Entrepreneur
d. None of the above
Q. Following is not involved in EDP
a. Identification of entrepreneurs for training
b. Selection of entrepreneurs for training
c. Developing entrepreneurial capabilities
d. Arranging infrastructural facilities
Q. EDII was developed by the
a. Government of India
b. State Government
c. All India Financial Institutions
d. Public sector banks