What is the process by which individual pursue opportunity without regard to resources they currently control Mcq?

Question No: 1

Which of the following shows the process of creating something new?

► Business model

► Modeling

► Innovation

► Creative flexibility

Question No.2 Which one of the following gives suggestions for new product and also help

to market new products?

► Existing products and services

► Distribution channels

► Federal government

► Consumers

Question No: 3

Which of the following is used by entrepreneurs to acquire experience in an international

market before making a major commitment?

► Merger

► Joint venture

► Minority interest

► Majority interest

GATT is established in 1947, under:

► German leadership

► French leadership

► U.S. leadership

► U.K. leadership

Question No: 5

The entrepreneur was distinguished from capital provider in:

► Middle ages

► 18th century

► 17th century

► 19th and 20th century

Question No: 6

A person who managed large project was termed as the entrepreneur in the _________.

► Earliest period

► Middle ages

► 17th century

► 19th and 20th century

Chapter 1

1. Entrepreneurship is defined as:

A) the art of turning an idea into a business.

B) the process by which individuals pursue opportunities without regard to resources they

currently control.

C) All of the above

D) None of the above

Answer: C

2. Google is widely recognized as a firm in which entrepreneurial behaviors are clearly

evident. Accordingly, this firm has a high level of:

A) innovative concentration

B) entrepreneurial intensity

C) corporate entrepreneurship

D) creative intensity

Answer: B

3. Established organizations that encourage and emphasize entrepreneurial behavior

practice:

A) tactical entrepreneurship

B) entrepreneurial intensity

C) strategic entrepreneurship

D) corporate entrepreneurship

Answer: D

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3. Page 20

Entrepreneurship Management

191. Which of the following shows the process of creating something new?

1. Business model
2. Modeling
3. Creative flexibility
4. Innovation

Correct answer: (D)
Innovation

192. 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

Correct answer: (B)
Role model

193. SBA stands for:

1. Small business accountants
2. Small business administration
3. Small business adequacy
4. Small business advisors

Correct answer: (B)
Small business administration

194. EDP (Entrepreneurship Development Programmes) is required to help:

1. Existing entrepreneurs
2. First generation entrepreneurs
3. Future generations entrepreneurs
4. None of the above

Correct answer: (B)
First generation entrepreneurs

195. 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

Correct answer: (C)
Intrapreneur

196. 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

Correct answer: (B)
Minority Interest

197. 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

Correct answer: (B)
Entrepreneurship

198. 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

Correct answer: (B)
Hyper competition

199. 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

Correct answer: (B)
Distribution channels

200. 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

Correct answer: (A)
Performance and Credit Rating Scheme