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 franchise.
2.A cooperative.
3.An owner-manager business.
4.A limited company.
A Company is called an artificial person because _____
1.it does not have the shape of a natural person.
2.it cannot be used in the court of law.
3.it is invisible and intangible.
4.it exists only in contemplation of law.
A corporate manager who starts a new initiative for their company which entails setting up a new distinct business unit and board of directors can be regarded as?
1.Ecopreneur
2.Technopreneur
3.Intrapreneur
4.Social Entrepreneur
A key aspect of the financial section of the business plan is _______
1.A statement of management skills.
2.A realistic sales forecast.
3.Production capacity.
4.A description of competitors.
A performance and credit rating scheme has been launched by the MSME Ministry to assess creditworthiness and capabilities of industries in the sector. What is it called?
1.Performance and Credit Rating Scheme
2.Zero Defect Zero Effect Certification
3.Performance and Economy Rating Scheme
4.None of the above
A person owning and running a small firm, is known as _________
1.A manager-owner
2.An owner-manager.
3.A professional adapter.
4.An enterprise worker.
Activities which can be accomplished simultaneously are termed as ______
1.Preceeding Activities.
2.Succeeding Activities.
3.Dummy Activities
4.Concurrent Activities
An entrepreneur into the hosiery business found out the reason his hosiery was not selling was due to its color. What could be the best source of this information?
1.Supplier.
2.Retailer.
3.Competition.
4.Government bureau.
Business means ________
1.Commerce.
2.industry and commerce.
3.trade and commerce.
4.selling and buying of goods.
Business risks can be ______
1.avoided.
2.reduced.
3.ignored.
4.erased.
DGTD stands for _______
1.Directorate General of Technical Development.
2.District General of Technical Development.
3.District General of Taxation Deduction.
4.Directorate General of Taxation Deduction.
DIC is headed by General Manager in the rank of _____
1.Joint Director of industries.
2.Assistant Director of industries.
3.Non-departmental officer.
4.Departmental officer.
EDP (Entrepreneurship Development Programmes) is required to help:
1.Existing entrepreneurs
2.First generation entrepreneurs
3.Future generations entrepreneurs
4.None of the above
Every entrepreneur should draw an ______________ for his project to ensure the timely completion of all activities involved in setting up an enterprise.
1.cost structure
2.implementation plan
3.market structure
4.production structure
In backward areas, term loans for expansion or setting up a new unit are available at _____
1.concessional terms.
2.differential terms.
3.standard terms.
4.specific terms.
In ____, machines and equipments are arranged in the order or sequence in which they are to be used for manufacturing the product
1.Product Layout.
2.Factory Layout.
3.Process Layout.
4.Combined Layout.
Individuals influencing an entrepreneur's career choice and style are known as which of the following?
1.Moral-support network
2.Role model
3.Professional support network
4.Support system
Integration of project management with the organization takes place with the ______
1.master budjet
2.strategic plan
3.Process of managing actual projects
4.Both b and c
Investment in which of the following is most risky?
1.Equity shares.
2.Preference shares.
3.Debentures.
4.Land.
Large investment is made in fixed assets, the project will be termed as _____
1.Capital Intensive.
2.Labour Intensive.
3.Product Intensive.
4.Market Intensive.
Large investment is made in fixed assets, the project will be termed as ______
1.Capital Intensive.
2.Labour Intensive.
3.Product Intensive.
4.Market Intensive.
market potential of the project report includes____
1.demand and supply conditions
2.market strategy
3.after sales service
4.All the above.
Memorandum of association of a firm contains _______
1.rules regarding the internal management of the company.
2.rules regarding the constitution and activities of the company.
3.rules regarding the external management.
4.rules regarding the constitution.
One of the disadvantages of a franchise business for a franchisee is _____
1.Lack of independence.
2.Franchise businesses typically have a high failure rate.
3.Lack of brand identity.
4.Training is not normally provided by the franchisor.
Primary data is _______
1.new data specifically collected for a project.
2.the data that is collected first.
3.the most important data.
4.data that is collected second.
Promoter is a person who ___
1.takes part in the incorporation of a company.
2.is a director.
3.is a relative of the managing director.
4.works to publicity to the company.
SBA stands for:
1.Small business accountants
2.Small business administration
3.Small business adequacy
4.Small business advisors
SFC is prohibited from granting financial assistance to any company whose aggregate paid up capital exceed _______
1.1 crore.
2.1.5 crores.
3.2 crores.
4.2.5 crores.
SIDBI was set up as a subsidiary of _______
1.IDBI.
2.IFCI.
3.ICICI.
4.SFC.
The application for registration of a small scale unit should be submitted to the _______
1.General manager, DIC.
2.Director, DIC.
3.General manager. NSIC.
4.Director, NSIC.
The process of preparing an inventory of skills needed for effective implementation of the project is called as _____
1.Economic viability.
2.Financial feasibility.
3.Technical feasibility.
4.Managerial competence.
The purpose of soft loan scheme is to encourage units to undertake _____
1.modernization of plant and machinery.
2.replacement of plant and machinery.
3.renovation of plant and machinery.
4.All the above.
The small scale unit wishing to export has to obtain exporters code number from _______
1.The Reserve Bank of India.
2.The Central Bank of India.
3.Any Regional Bank.
4.Any International Bank.
Underestimation of project cost leads to _________
1.Time under run.
2.Cost under run
3.Time over run.
4.Cost over run
What is the process by which individuals pursue opportunities without regard to resources they currently control?
1.Startup management
2.Entrepreneurship
3.Financial analysis
4.Feasibility planning
Which of the following factors is the most important in forcing U.S companies to focus on new product development and increased productivity?
1.Entrepreneurship
2.Hyper competition
3.Governmental laws
4.Organizational culture
Which of the following is a recognized disadvantage of setting up as a start-up as compared with other routes to market entry?
1.less satisfaction of the owners.
2.less help from various agencies.
3.there are more funds required.
4.there is a high failure rate.
Which of the following is least likely to influence the timing of new business births?
1.Government policies.
2.Profitability.
3.Consumer expenditure.
4.Weather conditions.
Which of the following is not an aspect of appraisal of term loans by commercial banks?
1.Financial feasibility.
2.Technical feasibility.
3.Economic feasibility.
4.Societal feasibility.
Which of the following is not considered to be a characteristic of a project?
1.An established objective
2.Complex tasks
3.A clear beginning and end
4.Only for internal use
Which of the following is not one of the 4 Ms?
1.motivation.
2.management.
3.money.
4.materials.
Which of the following is used by entrepreneurs to acquire experience in an international market before making a major commitment?
1.Merger
2.Minority Interest
3.Joint venture
4.Majority interest
Which of the following leads to over-capitalization?
1.acquiring fixed assets on excessive amounts.
2.under-estimation of initial rate of earnings.
3.using lower-rate of capitalization.
4.under estimation of required funds.
Which of the following shows the process of creating something new?
1.Business model
2.Modeling
3.Creative flexibility
4.Innovation
Which of the following statements is false? Electronic commerce:
1.can allow new ventures to compete on more or less equal terms with large firms.
2.can lead to small businesses having reduced contact with its customers.
3.is rarely used in small businesses.
4.is used in many different industries and markets.
Which one of the following is an important source of idea generation due to their familiarity with the needs of market?
1.Existing products and services
2.Distribution channels
3.Federal government
4.consumers.
Why are small businesses important to a country's economy?
1.They give an outlet for entrepreneurs.
2.They can provide specialist support to larger companies.
3.They can be innovators of new products.
4.All the above.
____ is the analysis of costs and benefits of a proposed project with the goal of assuming a rational allocation of limited funds.
1.Project formulation.
2.Project evaluation.
3.Project appraisal.
4.Project Design.
_______ is primarily concerned with the identification, qualification and evaluation of the project resources.
1.Techno-economic analysis.
2.Feasibility analysis.
3.Input analysis.
4.Financial analysis.
_______, which is included in the project cost, is estimated on the basis of the year when the enterprise breaks even.
1.working capital
2.cost of capital
3.cost of production
4.cost of equity