Tag: organization of commerce and management

Questions Related to organization of commerce and management

Possible changes in technology; leads to _______ type of challenge for an Entrepreneur.

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

  1. achievement oriented

  2. risk oriented

  3. involves management skills

  4. none of the above

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Correct Option: B

Which of the following receives highest investment?

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

  1. High potential venture

  2. Foundation firm

  3. Life style

  4. A limited company

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Correct Option: A

Focus area for Indian entrepreneurship development are ________.

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

  1. right skill

  2. smart capital

  3. right environment

  4. all of the above

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Correct Option: D

For an entrepreneur what is required?

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

  1. Availability of demand

  2. Scarcity of supply

  3. Opportunity

  4. All of the above

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Correct Option: D

It is proved that most business failed because of improper planning of an/a _________.

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

  1. investor

  2. marketer

  3. entrepreneur

  4. consultant

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Correct Option: C

Why entrepreneurship is regarded as a human motivation?

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

  1. New knowledge is converted into products

  2. Leads to economic growth

  3. Both a and b

  4. None of the above

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Correct Option: C

Components of creativity do not include __________.

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

  1. expertise

  2. creative thinking

  3. motivation

  4. self efficacy

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Correct Option: D

Which statement is wrong about a business plan?

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

  1. Preparing business plan is a forward looking activity

  2. Preparing business plan is useful only for big organisation

  3. Business plan assist in periodical review of actual-results

  4. Past data is useful in preparing business plan

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Correct Option: B
Explanation:
As soon as a company initiates development strategy and planning activities, the time is right to start thinking about the creation of a business plan. Developing a business plan is an intense and time consuming process and yet can have many significant benefits both for small as well as large enterprises.

According to Mcclelland's need theory. Entrepreneur possess which of the following needs?

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

  1. Need for achievement

  2. Need for power

  3. Need for affliation

  4. Need for esteem

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Correct Option: A

Which of the following is not true for social entrepreneurs?

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

  1. Overwhelming sense of social conscience and social responsibility

  2. Deep desire to improve upon or fundamentally change prevailing and detrimental socio-economic, educational environmental or health conditions

  3. Fierce ambition to alter the present reality of conditions she/he deems unacceptable or inhuman

  4. Driven to engage in certain activities because of the promise of political career

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Correct Option: D
Explanation:
Social entrepreneurs are individuals with innovative solutions to society's most pressing social problems. They are ambitious and persistent, tackling major social issues and offering new ideas for wide-scale change.