Top 350+ Solved Entrepreneurship MCQ Questions Answer
Q. The entrepreneur should ensure that the opportunity must be compatible with
a. fund availability
b. man power availability
c. ability to do
d. all above
Q. The basic purpose of economic analysis, resources should be valued in terms of their
a. economic cost
b. production cost
c. price cost
d. opportunity cost
Q. The financial plan for meeting the cost of the project depends on how accurately estimated with
a. cost
b. technical know how
c. economic physibility
d. environmental opportunity
Q. The investigation will help him to reach a conclusion as to the feasibility and prospect of the whole proposal is depend on
a. discovery of an idea
b. preliminary investigation
c. detailed investigation
d. framing of plan
Q. Internal environmental factor includes
a. number of workers
b. amount of investment
c. both a and b
d. none of the above
Q. “Promotion is the discovery of business opportunities and subsequent organisation of funds, property and managerial ability into a business concern for the purpose of earning profit thereon.” this definition is given by:
a. C.W Gerstenberg
b. Elan R.K.N
c. Nick Mick
d. T.R Ming
Q. Commercial exploitation of indigeneous or imported technology and knowhow is another source of
a. product profile
b. project idea
c. market character
d. none of the above
Q. Success of enterprise depends on:
a. Both entrepreneur and enterprise are good
b. Only entrepreneur is good
c. Only enterprise selection is suitable
d. All of the above.
Q. Characteristics of Business environment include:
a. Complex and Dynamic
b. Multi-faceted and Far-reached impact
c. All of the above
d. None of the above
Q. Dimensions of Business Environment consist of:
a. Economic & Social environment
b. Political & Legal environment
c. Technological environment
d. All of the above
Q. In SWOT analysis Strength and weakness relates to:
a. Entrepreneur
b. Environment
c. All of the above
d. None of the above
Q. Business or project ideas can be generated from:
a. Internal
b. External
c. Both Internal & External
d. None of the above
Q. Selecting a project out of projects identified is called:
a. Referencing process
b. Zeroing in process
c. Picking process
d. Handling in process
Q. In SWOT analysis Opportunities and Threats relates to:
a. Entrepreneur
b. Environment
c. All of the above
d. None of the above
Q. Entrepreneurship development process includes:
a. Selecting potential targets
b. Choosing the right location
c. Tying up with Instituitions
d. All of the above