Top 250+ Solved Entrepreneurship and Small Business Management MCQ Questions Answer
Q. Kapoor Committee was constituted to assess:
a. Reservation of items
b. Investment ceiling
c. Credit delivery system
d. Government support system
Q. Violation of reservation policy is punishable under
a. Small Industries act
b. Consumer protection act
c. I (D & R) Act
d. None of the above
Q. ______ are three basic forms of franchising.
a. Sole proprietorship, partnership, and corporation
b. Product, service, and mix-format
c. Trade name, product distribution, and business format
d. Regional, local, and global
Q. ______ is a document designed to detail the major characteristics of a firm.
a. Mission statement
b. Business plan
c. Executive summary
d. Marketing plan
Q. ______ is NOT a business plan concern of family and friend investors.
a. Amounts and schedules for returns
b. Funds use
c. Competitive advantage
d. Stability of firm
Q. All of these are business plan concerns of bankers EXCEPT
a. Monitoring compliance.
b. Asset/collateral base.
c. Cash flow and cash cycle.
d. Long-term prospects.
Q. ______ is not included in the business planning presentation types.
a. Mission
b. Elevator pitch
c. Executive summary
d. Annual objectives
Q. What is an ideal length of an elevator pitch?
a. 20 – 50 words
b. 250 – 500 words
c. 60 – 100 words
d. 5 – 10 words
Q. The firm's goals and competitive advantages can be described by
a. Mission statement.
b. Vision statement.
c. Executive summary.
d. Elevator pitch.
Q. _______ is a one- to two-page overview of the business, its business model, market,expectations, and immediate goals.
a. Vision statement
b. Executive summary
c. Mission statement
d. Elevator pitch
Q. The appropriate size for a business plan, where the type of business is well established is
a. 25 pages.
b. 10 pages.
c. 10 pages.
d. 40 pages.
Q. A one-page document on letterhead introducing the business plan is considered a
a. Cover letter.
b. Business plan.
c. Outline.
d. Executive summary.
Q. ______ is a product or service that is kept as a trade secret or is protected legally usingpatients, trademarks, copyright, or service mark.
a. Tagline
b. Pioneering business
c. Test marketing
d. Proprietary technology
Q. ______ is NOT an idea that good marketing strategy focuses on.
a. Harvesting the business plan
b. Overall strategy your firm pursues in the market
c. The sales plan
d. The longer-term competitive plan