Top 350+ Solved Entrepreneurship Development (ED) MCQ Questions Answer
Q. Which of the following factors should not be included in PESTLE analysis?
a. Government re-cycling policy
b. Proposed reduction in
c. Competitor activity.
d. Demographic changes.
Q. A new venture's business plan is important because .
a. It helps to persuade others to commit funding to the
b. Can help demonstrate the
c. Provides a guide for business activities by
d. All the above.
Q. Promoter is a person who .
a. takes part in the incorporation of a
b. is a director
c. is a relative of the managing director
d. works to publicity to the company
Q. The process of preparing an inventory of skills needed for effective implementation of the project is called as
a. Economic viability
b. Financial feasibility.
c. Technical feasibility
d. Managerial competence.
Q. Memorandum of association of a firm contains
a. rules regarding the internal management of the
b. rules regarding the constitution and
c. rules regarding the external management
d. rules regarding the constitution
Q. corporate social responsibility leads to
a. long run survival of bussines
b. improvement in public image
c. helps in avoiding government interferance
d. all of these
Q. EDP stands for
a. Entrepreneurship development programme
b. Entrepreneurship development
c. Entrepreneurship demand plan
d. none of these
Q. Why are small businesses important to a country's economy?
a. They give an outlet for entrepreneurs
b. They can provide specialist support
c. They can be innovators of new products.
d. All the above.
Q. Which of the following factors does the macro-environment not include?
a. political and regulatory factors.
b. customer needs in a given market.
c. social and demographic factors.
d. technological changes
Q. produce numerous ideas in a short period
a. Synectics
b. Delphi technique
c. Brain storming
d. technique
Q. . describes the direction, the enterprise is going in, what its goals are, where it wants to be,and how it is
a. project report
b. technical anlaysis
c. market analysis
d. financial analysis
Q. A business arrangement where one party allows another party to use a business Name and sell its products or services is known
a. A cooperative.
b. A franchise
c. An owner-manager business
d. A limited company
Q. Innovation can best be defined as_______.
a. the generation of new ideas.
b. the evolution of new ideas.
c. the opposite of creativity.
d. the successful exploitation of new ideas.
Q. Which of these statements best describes the context for entrepreneurship?
a. Entrepreneurship takes place in small businesses.
b. Entrepreneurship takes place in large businesses.
c. Entrepreneurship takes place in a wide variety of contexts.
d. Entrepreneurship does not take place in social enterprises.
Q. Entrepreneurship can best be described as _________.
a. a process that requires setting up a business.
b. taking a significant risk in a business context.
c. having a strong vision.
d. a process involving innovation, new products or services, and value creation.