Entrepreneurship Management

1. Which one of the following theory has the attribute of moderate risk taking as a function of skill, not chance?

  1. Need for independence
  2. Need for achievement
  3. Need for affiliation
  4. Need for authority
Correct answer: (B)
Need for achievement

2. Foundation companies are formed from:

  1. Fashion
  2. Research and development
  3. Most popular business
  4. winding up company
Correct answer: (B)
Research and development

3. All of the following are the broad categories of External forces EXCEPT:

  1. Economic forces
  2. S Socioeconomic forces
  3. Technological forces
  4. Competitive forces
Correct answer: (B)
S Socioeconomic forces

4. A ______________ is a professional money manager who makes risk investment from a pool of equity capital to obtain a high rate of return on investments.

  1. venture capitalist
  2. entrepreneur
  3. businessman
  4. buyer
Correct answer: (A)
venture capitalist

5. Members of distribution channels are excellent sources for new ideas because:

  1. They are familiar with the needs of the market
  2. They earn a handsome profit from new business
  3. They do not bother if entrepreneur bears a loss
  4. They have well-developed sales force
Correct answer: (A)
They are familiar with the needs of the market

6. Which of the following geographical area is having least interest to U.S. entrepreneurs?

  1. Europe
  2. The Far East
  3. Central Asia
  4. Transition economies
Correct answer: (C)
Central Asia

7. Andrew Carnegie is an example of entrepreneur of which century:

  1. Earliest period
  2. 19th and 20th century
  3. Middle ages
  4. 17th century
Correct answer: (B)
19th and 20th century

8. The activity which occurs when the new venture is started are called:

  1. Business skills
  2. Motivation
  3. Departure point
  4. Goal orientation
Correct answer: (C)
Departure point

9. The business plan should be prepared by:

  1. Entrepreneurs
  2. Consultants
  3. Engineers
  4. Small business administration services
Correct answer: (A)

10. What is the primary concern of founders who trade equity for capital for their growing venture?

  1. Capitalization
  2. Control
  3. Valuation
  4. Investor capabilities
Correct answer: (A)
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