Entrepreneurship Management

141. ______________ is a problem -solving technique designed to produce numerous ideas in a short period

  1. Synectics.
  2. Delphi technique.
  3. Brain storming.
  4. Nominal group technique.
Correct answer: (C)
Brain storming.

142. A business arrangement where one party allows another party to use a business Name and sell its products or services is known as ______________.

  1. A cooperative.
  2. A franchise.
  3. An owner-manager business.
  4. A limited company.
Correct answer: (B)
A franchise.

143. Which one of the following is not considered as one of the Building blocks of the model entrepreneur?

  1. technical skills.
  2. management competencies.
  3. business awareness.
  4. personal attributes.
Correct answer: (C)
business awareness.

144. An entrepreneur who owns more than one business at a time is called ______________.

  1. an intrapreneur.
  2. a corporate entrepreneur.
  3. a portfolio entrepreneur.
  4. None of the above.
Correct answer: (C)
a portfolio entrepreneur.

145. Decisions which are concerned with policy matters and exercise fundamental influence on the objectives of the organization are called as ______________.

  1. Organizational decisions.
  2. Personal decisions.
  3. Routine decisions.
  4. Strategic decisions.
Correct answer: (D)
Strategic decisions.

146. When a firm enters into business which is unrelated to its existing business both in terms of technology and marketing ______________.

  1. conglomerate diversification.
  2. horizontal integration.
  3. vertical integration.
  4. concentric integration
Correct answer: (A)
conglomerate diversification.

147. Under section 80J of the income tax act, 1961, small-scale industries are exempted from the payment of income tax on their profits at ______________.

  1. 6% p.a.
  2. 6% p.m.
  3. 5% p.a.
  4. 5% p.a.
Correct answer: (A)
6% p.a.

148. Over - capitalization arises due to ______________.

  1. excess of assets over the liabilities.
  2. excess of liabilities over the assets.
  3. actual earnings are lower than the expected earnings.
  4. actual earnings are higher than the expected earnings.
Correct answer: (C)
actual earnings are lower than the expected earnings.

149. Reserve bank of India is a/an ______________.

  1. statutory corporation.
  2. company limited by guarantee.
  3. company limited by shares.
  4. unlimited company.
Correct answer: (A)
statutory corporation.

150. Which of the following sources is not use for medium term financing?

  1. Issue of equity shares.
  2. Issue of debentures.
  3. Term loans from banks.
  4. Sale of current asset.
Correct answer: (A)
Issue of equity shares.
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