Question 1

The term Entrepreneur is derived from the word
A)English
B)Tamil
C)Hindi
D)French

Accepted Answer

The term "Entrepreneur" is derived from the French word "entreprendre," which means "to undertake." This reflects the initiative and risk-taking attributes of an entrepreneur.

Question 2

_____Identified innovation as a characteristic of entrepreneur for the first time in 1934.
A)William Diamond
B)A.H.Cole
C)W.B.Gartner
D)J.A.Schuumpeter

Accepted Answer

Joseph A. Schumpeter was the first to identify innovation as a characteristic of entrepreneurs in 1934, emphasizing the role of entrepreneurs in creating new products, services, or processes and in driving economic development through innovation.

Question 3

Refusal to adopt and use opportunities to make changes in production entrepreneurs.
A)Fabian
B)Imitative
C)Innovative
D)Drone

Accepted Answer

Drone entrepreneurs are those who refuse to adopt new opportunities to make changes in their production methods, sticking to traditional ways even if it means falling behind in the market.

Question 4

A short-term, internal source of funds can be obtained by reducing all of the following except_____________.
A)Short-term assets
B)Fixed assets
C)cash
D)Inventory

Accepted Answer

The answer of A short-term, internal source of funds can...

Question 5

Which one of the following is not an Intrapreneurial leadership characteristic?
A)Encourage the team work
B)Not flexible
C)Understands environment
D)Persistent

Accepted Answer

Intrapreneurial leadership is characterized by flexibility, encouraging teamwork, understanding the environment, and persistence. Being "Not flexible" contradicts the adaptive and responsive nature required for intrapreneurship, making it the correct choice.

Question 6

Which of the following factor does not affect a person for being an entrepreneur?
A)Education
B)Gender
C)Personal values
D)Family background

Accepted Answer

Gender does not inherently affect a person's ability or potential to become an entrepreneur. Entrepreneurial success is more closely related to factors such as education, personal values, and family background, rather than gender.

Question 7

Which of the following has a contradictory relationship with an individual for being an entrepreneur?
A)Parents social status
B)Parents occupation
C)His birth order
D)Relationship with parents

Accepted Answer

The answer of Which of the following has a contradictory...

Question 8

There is evidence that an entrepreneur usually has ________ parents.
A)Self employed
B)Discouraged
C)Strict
D)Non supportive

Accepted Answer

Entrepreneurs often come from families where one or both parents are self-employed, which can provide a model for independence and risk-taking.

Question 9

The entrepreneur must possess the abilities of ____________.
A)Conceptualization
B)Creative
C)Understanding environment
D)All of the above

Accepted Answer

An entrepreneur needs to have conceptualization skills to develop ideas, creativity to innovate, and an understanding of the environment to navigate market dynamics effectively.

Question 10

Which of the following is not a characteristic of an entrepreneur?
A)Need for independence
B)Need for affiliation
C)Need for achievement
D)Risk taking

Accepted Answer

Entrepreneurs are typically characterized by their need for independence, high achievement, and willingness to take risks. The need for affiliation, which refers to the desire for friendly and close interpersonal relationships, is not a primary characteristic of entrepreneurship. Entrepreneurs often prioritize their business goals and achievements over the need for close personal relationships in the context of their entrepreneurial activities.

Question 11

People who own, operate, and take risk of a business venture is known as ____________.
A)Aptitude
B)Employee
C)Entrepreneurs
D)Intrapreneur

Accepted Answer

Entrepreneurs are individuals who own, operate, and take on the risks of a business venture, creating and managing businesses to achieve profit and growth.

Question 12

An entrepreneur doing business within the national border is called __________.
A)International entrepreneurship
B)Intrapreneurship
C)Domestic entrepreneur
D)Imports

Accepted Answer

A domestic entrepreneur operates within the national borders of their home country, focusing on business activities localized to their domestic market.

Question 13

What type of entrepreneurial business actually produces the products they sell?
A)Manufacturing
B)Wholesaling
C)Retailing
D)Consumer

Accepted Answer

Manufacturing businesses are directly involved in producing the products they sell, converting raw materials and components into finished goods.

Question 14

Entrepreneurial task depend upon the personality of the entrepreneur, organisational structure and _____________.
A)The environment
B)The market
C)The labour
D)The government

Accepted Answer

The environment influences entrepreneurial tasks as it encompasses external factors like economic conditions, competition, and regulations that affect business operations.

Question 15

The term intrapreneur is coined in ________________.
A)America
B)Andaman
C)Australia
D)Antartica

Accepted Answer

The term "intrapreneur" was coined in America. It refers to an individual who behaves like an entrepreneur while working within a large organization, driving innovation and new business creation.

Question 16

The term intrapreneurship is coined in late ________.
A)Fifties
B)Sixties
C)Seventies
D)Eighties

Accepted Answer

The term intrapreneurship was coined in the late seventies, reflecting the concept of fostering an entrepreneurial spirit within a larger organization.

Question 17

Who said the term "Successful innovators are not risk takers"?
A)Adam Smith
B)J.B.Say
C)Drucker
D)Alfred Marshall

Accepted Answer

Peter Drucker, a renowned management consultant, educator, and author, is known for saying that successful innovators are not risk takers. He emphasized that innovation can and should be approached in a disciplined manner that aims to minimize risk rather than embracing it.

Question 18

The difference in the entrepreneurial and managerial domains has contributed towards an increase in interest is ___________.
A)Forming new firms.
B)Partnership.
C)Intrapreneurship.
D)Private firms.

Accepted Answer

Entrepreneurial interest often focuses on forming new firms, as entrepreneurs seek to create and innovate by establishing new businesses.

Question 19

To manage these projects successfully the country will need thousands of _____________.
A)Research and development personnels.
B)Financial investors.
C)Efficient project Managers.
D)Skilled workers.

Accepted Answer

Efficient project managers are crucial for successfully managing and executing projects, ensuring they are completed on time, within budget, and to the required quality standards.

Question 20

.________________ type of entrepreneurs are particularly important for underdeveloped countries because they contribute significantly to the development of such nations.
A)Innovative
B)Adoptive
C)Fabian
D)Drone

Accepted Answer

Adoptive entrepreneurs are crucial for underdeveloped countries as they adapt existing technologies and innovations to local conditions, helping to stimulate economic growth and development.

Quiz 1: Entrepreneurship and Intrapreneurship: Exploring Characteristics and Factors

The term Entrepreneur is derived from the word

_____Identified innovation as a characteristic of entrepreneur for the first time in 1934.

Refusal to adopt and use opportunities to make changes in production entrepreneurs.

A short-term, internal source of funds can be obtained by reducing all of the following except_____________.

Which one of the following is not an Intrapreneurial leadership characteristic?

Which of the following factor does not affect a person for being an entrepreneur?

Which of the following has a contradictory relationship with an individual for being an entrepreneur?

There is evidence that an entrepreneur usually has ________ parents.

The entrepreneur must possess the abilities of ____________.

Which of the following is not a characteristic of an entrepreneur?

People who own, operate, and take risk of a business venture is known as ____________.

An entrepreneur doing business within the national border is called __________.

What type of entrepreneurial business actually produces the products they sell?

Entrepreneurial task depend upon the personality of the entrepreneur, organisational structure and _____________.

The term intrapreneur is coined in ________________.

The term intrapreneurship is coined in late ________.

Who said the term "Successful innovators are not risk takers"?

The difference in the entrepreneurial and managerial domains has contributed towards an increase in interest is ___________.

To manage these projects successfully the country will need thousands of _____________.

.________________ type of entrepreneurs are particularly important for underdeveloped countries because they contribute significantly to the development of such nations.