Tag: organization of commerce and management

Questions Related to organization of commerce and management

Individuals who help the entrepreneur in business activities are  _________.

organization of commerce and management entrepreneurship opportunities for an entrepreneur small business and enterprises entrepreneurship development

  1. role modes

  2. professional-support network

  3. employees

  4. all of the above

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Correct Option: B
Explanation:

Professional support network is the team of professionals who work under the guidance of an entrepreneur to work and carry out business activities for smooth fuctioning of the business.

Why it is said that there are better odds of winning if you be an Entrepreneur because _________.

organization of commerce and management entrepreneurship opportunities for an entrepreneur small business and enterprises entrepreneurship development

  1. you start a new business

  2. you do what you love to do

  3. passion is the fuel for success

  4. both b and c

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Correct Option: D

Which of the following is not true about an entrepreneur?

organization of commerce and management entrepreneurship opportunities for an entrepreneur small business and enterprises entrepreneurship development

  1. An entrepreneur is creative, innovative and risk taker

  2. An entrepreneur is independent

  3. An entrepreneur is not future oriented

  4. None of the above

Show answer
Correct Option: C
Explanation:

Characterstics of entrepreneurs:
1) Entrepreneur are Person who owns and develops his business
2) Entrepreneurs have Talent
3) Entrepreneurs have a way of thinking in innovative ways about ordinary things that leads to their ability to create new value
4) Entrepreneurs have an ability to acquire the necessary skills and expertise to push their new ventures forward
5) Entrepreneurs have strong urge to be independent
6) Entrepreneur is commonly seen as a business leader
7) Entrepreneurs have a ability to fight competitiveness

Which type of entrepreneur is lead by charisma, charm and high energy?

organization of commerce and management entrepreneurship opportunities for an entrepreneur small business and enterprises entrepreneurship development

  1. Superstar

  2. Fireball

  3. Juggler

  4. Hero

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Correct Option: A
Explanation:
Superstar- Here the business is centred around the charisma and high energy of the Superstar CEO. This personality often will cause you to build your business around your own personal brand.

Which type of entrepreneur is full of life, energy and optimism?

organization of commerce and management entrepreneurship opportunities for an entrepreneur small business and enterprises entrepreneurship development

  1. Fireball

  2. Healer

  3. Juggler

  4. Optimiser

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Correct Option: A
Explanation:
Fireball- A business owned and operated by a Fireball is full of life, energy and optimism. Your company is life-energizing and makes customers feel the company has a get it done attitude in a fun playful manner.

Amongst all which are the challenges that are NOT to be faced by an Entrepreneur?

organization of commerce and management entrepreneurship opportunities for an entrepreneur small business and enterprises entrepreneurship development

  1. Rules that protect employers

  2. Global competition

  3. Changes around the globe

  4. Delayed payments

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Correct Option: A

What type of entrepreneur do not do new things?

organization of commerce and management entrepreneurship opportunities for an entrepreneur small business and enterprises entrepreneurship development

  1. Superstar

  2. Fireball

  3. Jugglers

  4. Sustainers

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Correct Option: D
Explanation:
Sustainer-The sustainers entrepreneur category consists of people who like the thought of the balancing work and apersonal life. Most often they do not wish the business to grow too large where it will cut into their personal life too much. They do not do new things.

Which of the following is not a type of entrepreneur?

organization of commerce and management entrepreneurship opportunities for an entrepreneur small business and enterprises entrepreneurship development

  1. Villain

  2. Artiste

  3. Fireball

  4. Superstar

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Correct Option: A
Explanation:
Following are the types of entrepreneurs
(i)Idealist
(ii)Optimiser
(iii)Hard workers
(iv)Sustainers
(v)Improver
(vi)Advisor
(vii)Superstar
(viii)Artiste
(ix)Visionary
(x)Analyst
(xi)Fireball
(xii)Jugglers
(xiii)Hero
(xiv)Healer.
 Villian is not a type of enterpreneur.


For developing a successful environment for an Indian Entrepreneur which of the following things are required?

organization of commerce and management entrepreneurship opportunities for an entrepreneur small business and enterprises entrepreneurship development

  1. A comfortable environment of start the business

  2. An access to capital

  3. Knowledge of emerging markets

  4. All of the above

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Correct Option: D

Bills gates is considered which of the type of entrepreneur ________.

organization of commerce and management entrepreneurship opportunities for an entrepreneur small business and enterprises entrepreneurship development

  1. visionary

  2. superstar

  3. sustainer

  4. idealist

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Correct Option: A
Explanation:
Visionary-Visionaries are entrepreneurs driven by a desire to change the world - and the capacity to imagine how to do so. Bill gates drive to change the world.