Top 350+ Solved Entrepreneurship Development (ED) MCQ Questions Answer
Q. Entrepreneurial development is the key to achieve all-round ---------------- through acceleration of industrial and entrepreneurial activities.
a. economic development
b. increase in profits
c. shareholders value
d. business development
Q. According to sociological approach, entrepreneurship
a. Process of sensitivity
b. Process of role performance
c. Process of economic change
d. All of these
Q. Which of the following attitudes Is not generally associated with successfulentrepreneurship :
a. Competition and co-operation
b. Desire to influence others
c. Innovation and product improvement
d. Status quo in business
Q. The function of entrepreneur are:
a. To imagine a business idea
b. To study project feasibility
c. To setup enterprise
d. All the above
Q. Which of the following sentence is not a characteristic of entrepreneurship:
a. Risk taking
b. Innovation
c. Creative activity
d. Managerial training
Q. Which of the following sentence is inconsistent in the context of entrepreneur:
a. He is owner of the business
b. He is risk taker
c. He operates production activities
d. He searches out business opportunities
Q. Maslow’s Hierarchy of needs theory is governed by the fact that:
a. People are universally motivated by needs
b. People are socially motivated by needs
c. People are politically motivated by needs
d. None of the above
Q. In under developed countries, local mobile phone companies use the same technology used by big companies to manufacture their products. Which of the following type of Entrepreneurs is highlighted above:
a. Trading Entrepreneurs
b. Imitative Entrepreneurs
c. First generation Entrepreneurs
d. Innovative Entrepreneurs
Q. All but which of the following is considered to be a myth associated with entrepreneurship?
a. Successful entrepreneurs are born not made
b. First ventures are always successful
c. All entrepreneurs must willingly invest significant sums of money
d. Successful entrepreneurs must have a break-through invention
Q. Entrepreneurial culture and growth orientation consists of all of the following except:
a. Encouraging employees to generate ideas
b. Focusing on opportunities.
c. The desire to grow at a slow and controlled pace.
d. Being creative.
Q. Intrapreneurship often takes the form of
a. A semi-autonomous group (e.g. an internal venture team), operating within the overarching structure of the parent organization.
b. A spinout venture from a university to commercial a new invention.
c. A subsidiary of a large corporation developing a new product.
d. A semi-autonomous group operating outside the overarching structure of the parent organization.
Q. A ______________ is a professional money manager who makes risk investment from apool of equity capital to obtain a high rate of return on investments.
a. venture capitalist
b. entrepreneur
c. businessman
d. buyer
Q. A business plan is important for all of the following reasons EXCEPT:
a. a business plan forces a firm's founders to systematically think through each aspect of their new venture.
b. a business plan provides lenders and investors assurance that they will earn a decent return.
c. a business plan provides an investor with something to react to.
d. a business plan is a selling document that enables a company to present itself to potential suppliers and business partners.
Q. A new venture's business plan is important because ______.
a. It helps to persuade others to commit funding to the venture.
b. Can help demonstrate the viability of the venture.
c. Provides a guide for business activities by defining objectives.
d. All the above.