Entrepreneurship Management

71. 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.

72. Innovation can best be defined as ______________.

  1. the successful exploitation of new ideas.
  2. the evolution of new ideas.
  3. the opposite of creativity.
  4. the generation of new ideas.
Correct answer: (A)
the successful exploitation of new ideas.

73. Which of the following statements is false?

  1. Market segmentation is a useful process for small businesses to undertake.
  2. Selling is essentially a matching process.
  3. A benefit is the value of a product feature to a customer.
  4. It is a good idea for small businesses to compete solely on price.
Correct answer: (D)
It is a good idea for small businesses to compete solely on price.

74. To provide financial assistance to entrepreneurs the government has set up a number of ______________.

  1. financial advisors.
  2. financial intermediaries.
  3. Industrial estates.
  4. financial institutions.
Correct answer: (D)
financial institutions.

75. IFCI has been converted into a ______________.

  1. joint stock company.
  2. co-operative society.
  3. partnership firm.
  4. sole proprietorship.
Correct answer: (A)
joint stock company.

76. TIIC is sponsored by the ______________.

  1. Government of Karnataka.
  2. Government of Andhra Pradesh.
  3. Government of Kerala.
  4. Government of Tamil Nadu.
Correct answer: (D)
Government of Tamil Nadu.

77. ______________ can be defined as a specifically evolved work plan densed to achieve a specific objective within a specific period of time

  1. Idea generation.
  2. Opportunity Scanning.
  3. Strategy
  4. Project.
Correct answer: (D)
Project.

78. The term ______________ denotes bonus or financial aid which is given by a government to an industry to help it compete with other units

  1. Incentive.
  2. Subsidy.
  3. Concession
  4. Bounty.
Correct answer: (D)
Bounty.

79. ______________ is a graphical representation of the various activity and event relating to a project.

  1. Network analysis.
  2. Scheduling technique.
  3. Logical Model.
  4. Network Diagram
Correct answer: (D)
Network Diagram

80. ______________ is an event-oriented approach.

  1. CPM.
  2. GERT.
  3. WASP.
  4. PERT.
Correct answer: (D)
PERT.
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