Part 4
Part 4
Part 4
1. 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?
a) Supplier
b) Retailer
c) Competition
d) Government
2. In some countries, points of purchase displays are not allowed in retail stores. Such differences are studied
by international entrepreneurs under environment.
a) Economic
b) Political
c) Cultural
d) Technological
3. Having more than 50% ownership position that provides the entrepreneur with managerial
control is called .
a) Joint venture
b) Majority interest
c) Horizontal merger
d) Diversified activity merge
a) Expertise of an entrepreneur
b) Heavy investment from financers
c) Skilled human resources
d) Highly educated staff
5. A business where an individual is both the owner and conductor of the business
affairs is called .
a) Sole Proprietorship
b) Partnership
c) Corporation
d) None of the above
a) Proprietorship
b) Partnership
c) Limited Liability Company
d) None of the given options
Assessment -4 Entrepreneurship Development
7. The idea and actions that explain how a firm will make its profits refers to
a) Mission
b) Goal
c) Strategy
d) Objective
10. ……..is one method of stimulating, and then capitalizing on, individuals in an organization
who think that something can be done differently and better.
a) Strategic Orientation
b) Capitalization
c) Intrapreneurship
d) Management
11. The plan shows whether the business is economically feasible or not. a.
a) Financial
b) Business
c) Economic
d) Marketing
12. In which of the following, the ownership of venture is reflected by ownership of shares of stock?
a) Partnership
b) Limited partnership
c) Corporation
d) Proprietorship
Assessment -4 Entrepreneurship Development
14. Which of these statements best describes the context for entrepreneurship:
15. Which of the following are described as one of the ‘Big Five’ personality traits?
a) propensity to leadership
b) Need for achievement
c) extravert personality
d) tolerance of others
16. The period of business when an entrepreneur must position the venture in a market and
make necessary adjustments to assure survival is called the:
a) Pre-startup stage.
b) Startup stage.
c) early growth stage.
d) later growth stage.
17. Which of the following is a reason why a person might prefer to purchase a franchise rather
than open a completely new business?
a) Technological Capacity
b) Social environment
c) Political environment
d) Economic condition
20. …….requires proper review and reconsideration of the selected alternative before implementing
it.
a) Technological Capacity
b) Social environment
c) Political environment
d) Economic condition
23. …………requires proper review and reconsideration of the selected alternative before
implementing it.
a) Emotional blocks
b) Labour
c) Lack of sustained motivation
d) lack of vision
a) Samsung
b) Apple
c) Panasonic
d) Sony
26. ………….Can be defined as psychological features that enable an individual to take action
toward a desired goal?
a) Motive
b) Trait
c) Attitude
d) Ego
27. …………Implies that women entrepreneurs are now economically independent and take
decisions independently.
28. Financial feasibility analysis can be done by comparing with the estimated sales
figure.
29. Which of the following is not considered while selecting the region?
30. Which one of the following is the step involved in setting up new enterprises?
a. 1
b. 2
c. 3
d. 5
32. If someone starts a new business that is a service station, this is an example of a(n):
33. If an entrepreneur has an internal locus of control, this means that he/she:
a) Obstacle thinking
b) Thought self-leadership.
c) Self-efficacy.
d) Adaptive response behaviour
Assessment -4 Entrepreneurship Development
Assessment -4 Entrepreneurship Development
Assessment -4 Entrepreneurship Development