Deck 2: Entrepreneurship and Project Management: Key Concepts and Practices

Question 1

Entrepreneurial management is noted for its ability to react quickly and effectively to new ___________.

A)Market
B)Business opportunities
C)Product
D)Technology

Answer 1

Business opportunities

Question 2

Which of the following is the back bone of financial plan?

A)Budgeting.
B)Capital.
C)Nature of business.
D)Cost of production.

Answer 2

Capital.

Question 3

The entrepreneur was distinguished from capital provider in______________.

A)Middle ages.
B)18th century.
C)17th century.
D)19th and 20th century.

Answer 3

18th century.

Question 4

Female entrepreneur differs from male entrepreneur in terms of the following except ____________.

A)Motivation
B)Business skill.
C)Departure point
D)Goal orientation

Question 5

Which one of the following is the way by which an entrepreneur can enter into international business?

A)Export
B)Non equity arrangements
C)Direct foreign investment
D)All the above

Question 6

Which of the following is alternatively called corporate venturing?

A)Entrepreneurship
B)Intrapreneurship
C)Act of stating a new venture
D)Offering new products by an existing company

Question 7

The term EDP refers to _____________.

A)Entrepreneurship Development Programme.
B)Entrepreneurial Development Programme.
C)Entrepreneur Development Programme.
D)Entrepreneuring Development Programme.

Question 8

_________ promotes the creation and/or growth of enterprises through a National Team of Trainers and Counselors that provides training and counseling to young promoters to establish their own business and to reduce the failure rate of start-ups, contributing thereof to the economic growth of the Country.

A)EDQ
B)EDN
C)EDC
D)EDP

Question 9

EDPs are conducted by _____________.

A)Entrepreneurs
B)Specialised institutions
C)Business community
D)Government

Question 10

__________ is an apex Institute in the area of Entrepreneurship and Small Business Development under the Ministry of Micro, Small and Medium Enterprises Government of India.

A)NIESBUA
B)NIESBUB
C)NIESBUC
D)NIESBUD

Question 11

___________ has helped to set up twelve state-level exclusive entrepreneurship development centres and institutes.

A)Entrepreneurship Development Institute of India
B)State Bank of India
C)Reserve Bank
D)Industrial Finance Corporation of India

Question 12

Which are not the main Components of project management?

A)Adequate control is exercised.
B)Concept and pre-feasibility study
C)A clear defined project objective
D)Evaluation and financing arrangements.

Question 13

Project overrun is a frightening _________________facing India.

A)Financial problem
B)Resource problem
C)Economic problem
D)Research problem

Question 14

Project engineering and investment costs is an angle to ensure________.

A)Pre-feasibility
B)Detailed project report
C)Funding level
D)Project decision

Question 15

Project phases allow for effective control at the_____________.

A)Project cost
B)Funding level
C)Estimation
D)Quality

Question 16

Planning and controlling the task is the ________________of a project manager.

A)Strategy
B)Responsibility
C)Procedure
D)Duty

Question 17

The documentation required at the end of each phase of a small project can be defined by sub setting the documentation for a ________________.

A)Special project
B)Specified project
C)Typical project
D)Well Designed project

Question 18

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

A)Business model.
B)Modeling.
C)Creative flexibility.
D)Innovation.

Question 19

Stauworth and Curran have explained entrepreneurship in terms of _______________

A)Economic development
B)Protectionism
C)Monopoly
D)Social marginality

Question 20

Expanding economy serves as an accelerator to _______________

A)Entrepreneurship
B)Intrapreneurship
C)Sole proprietorship
D)Economic development

Question 21

RCI stands for __________.

A)Re-investment corporation of India.
B)Re-investment committee of India.
C)Refinance corporation of India.
D)Refinance committee of India.

Question 22

.The word entrepreneurship has been derived from a ____________ which means ' to undertake'.

A)French root
B)Greek root
C)Roman root
D)Italian root

Question 23

______________ presupposes commitment to tasks to be performed with well defined objectives, schedules and budget.

A)Plan
B)Project
C)Schedule
D)Proposal

Question 24

.Projects concerned with industrial development, power generation, mineral development will be considered as ___________.

A)Quantifiable project
B)Sectoral project
C)Techno-economic project
D)Feasibility project

Question 25

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

A)Earliest period.
B)Middle ages.
C)17th century.
D)19th and 20th century.