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

Accepted Answer

Entrepreneurial management is particularly adept at identifying and responding to new business opportunities, leveraging agility and innovation to capitalize on them.

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.

Accepted Answer

B

Question 3

The entrepreneur was distinguished from capital provider in______________.
A)Middle ages.
B)18th century.
C)17th century.
D)19th and 20th century.

Accepted Answer

The distinction between the entrepreneur and the capital provider became more pronounced in the 18th century, particularly with the advent of the Industrial Revolution. This period saw a significant shift in the way businesses operated, with entrepreneurs emerging as individuals who took risks and innovated, separate from those who merely provided the financial capital.

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

Accepted Answer

The answer of Female entrepreneur differs from male entrepreneur in...

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

Accepted Answer

All the options are ways by which an entrepreneur can enter into international business. Export involves selling goods or services to other countries. Non-equity arrangements involve partnerships or joint ventures with foreign companies. Direct foreign investment involves investing in a business in another country.

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

Accepted Answer

Intrapreneurship refers to the practice within established companies where employees are encouraged to act like entrepreneurs while working within the company, effectively blending the innovation and agility of entrepreneurship with the resources and environment of an existing corporation, hence the term "corporate venturing."

Question 7

The term EDP refers to _____________.
A)Entrepreneurship Development Programme.
B)Entrepreneurial Development Programme.
C)Entrepreneur Development Programme.
D)Entrepreneuring Development Programme.

Accepted Answer

EDP stands for Entrepreneurship Development Programme, which is designed to help individuals develop entrepreneurial skills and knowledge.

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

Accepted Answer

EDP (Entrepreneurship Development Program) is designed to support the creation and growth of enterprises by providing training and counseling to young entrepreneurs, thereby reducing the failure rate of start-ups and contributing to economic growth.

Question 9

EDPs are conducted by _____________.
A)Entrepreneurs
B)Specialised institutions
C)Business community
D)Government

Accepted Answer

EDPs are conducted by specialised institutions.

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

Accepted Answer

NIESBUD (National Institute for Entrepreneurship and Small Business Development) is the apex institute in the area of entrepreneurship and small business development under the Ministry of Micro, Small and Medium Enterprises, Government of India.

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

Accepted Answer

The Entrepreneurship Development Institute of India (EDII) has played a significant role in fostering entrepreneurship by establishing twelve state-level exclusive entrepreneurship development centres and institutes across India. These centres aim to provide education, training, and support services to aspiring entrepreneurs, thereby promoting entrepreneurship development at the state level.

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.

Accepted Answer

The answer of Which are not the main Components of...

Question 13

Project overrun is a frightening _________________facing India.
A)Financial problem
B)Resource problem
C)Economic problem
D)Research problem

Accepted Answer

The answer of Project overrun is a frightening _________________facing India.
A)Financial...

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

Accepted Answer

Project engineering and investment costs are crucial for making informed project decisions, as they help determine the feasibility and financial viability of a project.

Question 15

Project phases allow for effective control at the_____________.
A)Project cost
B)Funding level
C)Estimation
D)Quality

Accepted Answer

Project phases allow for effective control at the funding level, enabling better management of financial resources throughout the project lifecycle.

Question 16

Planning and controlling the task is the ________________of a project manager.
A)Strategy
B)Responsibility
C)Procedure
D)Duty

Accepted Answer

Responsibility is the correct answer because planning and controlling the task is the responsibility of a project manager.

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

Accepted Answer

The documentation required at the end of each phase of a small project can be defined by subsetting the documentation for a typical project. This approach allows for scaling the documentation needs based on the size and complexity of the project.

Question 18

Which of the following shows the process of creating something new _________________?
A)Business model.
B)Modeling.
C)Creative flexibility.
D)Innovation.

Accepted Answer

Innovation refers to the process of creating something new or improving an existing product, service, or process.

Question 19

Stauworth and Curran have explained entrepreneurship in terms of _______________
A)Economic development
B)Protectionism
C)Monopoly
D)Social marginality

Accepted Answer

Stauworth and Curran have explained entrepreneurship in terms of social marginality, focusing on how individuals who are socially marginalized may be more inclined to pursue entrepreneurial activities.

Question 20

Expanding economy serves as an accelerator to _______________
A)Entrepreneurship
B)Intrapreneurship
C)Sole proprietorship
D)Economic development

Accepted Answer

The answer of Expanding economy serves as an accelerator to...

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

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

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

The entrepreneur was distinguished from capital provider in______________.

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

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

Which of the following is alternatively called corporate venturing?

The term EDP refers to _____________.

EDPs are conducted by _____________.

__________ 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.

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

Which are not the main Components of project management?

Project overrun is a frightening _________________facing India.

Project engineering and investment costs is an angle to ensure________.

Project phases allow for effective control at the_____________.

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

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

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

Stauworth and Curran have explained entrepreneurship in terms of _______________

Expanding economy serves as an accelerator to _______________