Tag: organization of commerce and management

Questions Related to organization of commerce and management

Which of the following is not a common motivation of an entrepreneur?

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

  1. Desire for independence.

  2. Search for personal and professional growth.

  3. Desire to maintain the status quo.

  4. Search for more rewarding work.

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Correct Option: C
Explanation:

To be a successful entrepreneur, its the motivation of the person that boost him up. To do something different or to start a venture, there are some factors that start up the process.

The desire to be independent, to work being your own boss is one of the motivation for an entrepreneur.  The search for personal growth is also one of the motivation for an entrepreneur. The work that will reward a person more will make the person to undertake more risk.

_____like entrepreneurs are the people with great willingness and efficient leadership. He inspires others. He has an incredible will and ability to lead the world and the business through any challenge. He is the essence of entrepreneurship and can assemble great companies.

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

  1. Hero

  2. Healer

  3. Superstar

  4. Juggler

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Correct Option: A
Explanation:

As the name suggests hero  is a person who is appreciated  for their courage, achievements and good qualities. A Hero like entrepreneurs are the people with great willingness and efficient leadership. He inspires other. He has an incredible will and ability to lead the world and the business through any challenge.He is the essence of entrepreneurship and can assemble great companies.

"A person within a large corporation who take direct responsibility for turning an idea into a profitable finished product through assertive risk-taking and innovation is_______".

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

  1. An entrepreneur

  2. An intrapreneur

  3. An enterprise

  4. An inter manager

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Correct Option: B
Explanation:

Intrapreneurship is like acting as an entrepreneur within the organization. Intrapreneurship is a step towards entrepreneurship. It focuses on self motivation and resolving a specific issues which ultimately helps in achieving the major goals. It focuses on minor goals and hence helps to achieve the entrepreneurship goals in long run.

____as the name suggest, nurtures the business by bringing harmony with a surprising ability to survive with an inner calm. Healer is closely related to calmness which lets him avoid the outside harsh realities of business.

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

  1. Hero

  2. Healer

  3. Superstar

  4. Juggler

Show answer
Correct Option: B
Explanation:

Healer is the person who can mend or repair things. Healer as the name suggests, nurtures the business by bringing harmony with a surprising ability to survive with an inner calm. Healer is closely related to calmness which lets him avoid the outside harsh realities of business

Which of the following types of people believe in consumer sovereignty where they indulge excessively in providing customer services_______.

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

  1. Visionary

  2. Artiste

  3. Superstar

  4. Advisor

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Correct Option: D
Explanation:

An advisor is a person with deep knowledge in a specific area. Advisor types of people believe in consumer sovereignty where they indulge excessively in providing customer services.

An informal group of innovative employees who are permitted to digress temporarily from their regular tasks to develop new ideas are referred to as:

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

  1. Underground

  2. Skunkworks

  3. Yahoos

  4. Intrapreneurs

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Correct Option: B
Explanation:

A skunkworks is a work developed by a loosely structured group small group of people who rsearch and develop work primarily for the sake of radical innovation. It is an informal group of innovative employees.

___________should prevail over realism.

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

  1. Optimism

  2. Pessimism

  3. Optimism or pessimism

  4. Optimism and pessimism

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Correct Option: A
Explanation:

Optimism means being hopeful and confidence about the future or success of something.

__________ may be defined as analysis and interpretation of the future conditions in relation to operations of the enterprises.

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

  1. Planning

  2. Forecasting

  3. Decision making

  4. Directing

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Correct Option: B
Explanation:

Forecasting means analyzing the future or about the future. It may be defined as analysis and interpretation of the future conditions in relation to operations of the enterprise.

_______ tests are conducted to measure the candidate's ability to apply particular skills.

organization of commerce and management employee selection process meaning and steps in selection meaning, importance, methods and procedure of selection steps in employee selection process

  1. Aptitude

  2. Depth

  3. Trade

  4. None of the above

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Correct Option: A

The  _______ is choosing a few from those who applied.

organization of commerce and management employee selection process meaning and steps in selection meaning, importance, methods and procedure of selection steps in employee selection process

  1. Morale

  2. Man

  3. Selection

  4. Plan

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Correct Option: C