Entrepreneurship Management

131. The oldest form of business organization is ______________.

  1. Partnership.
  2. sole proprietorship.
  3. joint stock company.
  4. co-operative undertaking.
Correct answer: (B)
sole proprietorship.

132. The UK government has implemented a number of policies to encourage Entrepreneurship in schools. One such initiative is ______________.

  1. Young Enterprise.
  2. Youth venture.
  3. Young Business.
  4. Young Initiative.
Correct answer: (A)
Young Enterprise.

133. The Markets and Competitors section of a business plan should contain ______________.

  1. A statement of the target market.
  2. The size of each market segment.
  3. The key characteristics of buyers in each business segment.
  4. All the above.
Correct answer: (D)
All the above.

134. ______________ set up for the purpose of financing, facilitating, and promoting foreign trade of India.

  1. Repco bank
  2. SBI
  3. EXIM bank
  4. HDFC
Correct answer: (C)
EXIM bank

135. Project mission and objectives, procedures and systems used, and organization resources used typically appear in the ______________ section of the final project report.

  1. Analysis
  2. Recommendation
  3. lessons learned
  4. financial feasibility
Correct answer: (A)
Analysis

136. Entrepreneurial development is the key to achieve all-round ______________ through acceleration of industrial and entrepreneurial activities.

  1. economic development
  2. increase in profits
  3. shareholders value
  4. business development
Correct answer: (A)
economic development

137. Which industrial sector tends to naturally promote small-scale businesses and Entrepreneurship, and generally has lower barriers to market entry?

  1. Agriculture
  2. Manufacturing.
  3. Distribution.
  4. Service.
Correct answer: (D)
Service.

138. Which of these statements best describes the context for entrepreneurship?

  1. Entrepreneurship takes place in small businesses.
  2. Entrepreneurship takes place in large businesses.
  3. Entrepreneurship takes place in a wide variety of contexts.
  4. Entrepreneurship does not take place in social enterprises.
Correct answer: (C)
Entrepreneurship takes place in a wide variety of contexts.

139. Goods or services reach the market place through ______________.

  1. marketing channels.
  2. multilevel pyramids.
  3. monopolies.
  4. multiplication.
Correct answer: (A)
marketing channels.

140. Entrepreneurial Guidance Bureau(EGB) was set up by ______________.

  1. SISI.
  2. SIPCOT.
  3. SIDCO
  4. IIC.
Correct answer: (D)
IIC.
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