Tag: entrepreneurship

Questions Related to entrepreneurship

 _________ is the drive and desire to do something, an inner passion and interest.

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

  1. Expertise

  2. Creative thinking skills

  3. Motivation

  4. Direction

Show answer
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.

___________  comes in a close second and is content with the personal satisfaction of simply being a business owner. It is derived from being optimistic.

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

  1. The had workers entrepreneur

  2. The optimizer entrepreneur

  3. The Idealist entrepreneur

  4. Sustainer type of entrepreneur

Show answer
Correct Option: B
Explanation:

Optimizer entrepreneur comes in a close second and is content with the personal satisfaction of simply being a business owner.

Everyone has a desire of becoming a business owner and if someone has such a desire then He/She falls in this category.

As the meaning of the word itself implies, sustain is to maintain; the ________________  comprise of people who like to maintain a balance between work and a personal life. Most often, they do not wish the business to grow too large where it will cut into their personal life. these people just need enough to survive.

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

  1. the hard workers entrepreneur

  2. the optimizer entrepreneur

  3. the Idealist entrepreneur

  4. sustainer type of entrepreneurs

Show answer
Correct Option: D
Explanation:

Sustainer type of entrepreneur compromise to sustain. As the meaning of the word itself implies, sustain is to maintain. They comprise of people who like to maintain a balance work and a personal life. Most often, they do not wish the business to grow too large where it will cut in to their personal life. These people just need enough to survive.

The marketing assessment process involves: __________.

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

  1. defining the problem

  2. analysis of the situation

  3. obtaining data that is specific to the problem

  4. all of above

Show answer
Correct Option: D
Explanation:

Whether it is about a new business or launching a new product,conducting a market assessment is essential to know whether there exists any demand to the idea.

Conducting the market assessment starts with defining the problem.Defining the objectives is defining the problem which is tantamount to a successful marketing campaign.
Then follows the analysis of the situation and obtaining data that is specific to the problem.

____________ are the ones who predominantly are focused to start a business to improve the world. Their motto is to work in a manner which is morally and ethically correct so as to contribute a noble cause.

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

  1. The hard workers entrepreneur

  2. The optimizer entrepreneur

  3. The Idealist entrepreneur

  4. Sustainer type of entrepreneurs

Show answer
Correct Option: C
Explanation:

The idealist entrepreneur likes innovation and enjoys working on something new or something meaningful. They are the ones who predominantly are focused to start a business to improve the world. Their motto is to work in a manner which is morally and ethically correct so as to contribute a noble cause.

It should be noted that the word 'motivation' has its origin in the Latin word 'movere', meaning "____________"

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

  1. to stop

  2. to move

  3. do not move

  4. all of above

Show answer
Correct Option: B
Explanation:

The word "Motivation" has its origin in the Latin word Movere which means to move.

The word 'motivation' has its origin in the Latin word ____________, meaning "to move".

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

  1. more

  2. movere

  3. most

  4. maximum

Show answer
Correct Option: B
Explanation:

The word "Motivation" has its origin in the Latin word Movere which means to move.

After defining the problem, analyzing the situation, obtaining data specific to the problem the next step in relation to a market assessment is to _________.

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

  1. data analysis and interpretation

  2. fostering ideas and problem solving

  3. designing a marketing plan

  4. obtaining data specific to the problem

Show answer
Correct Option: A
Explanation:

After the problem has been defined, situation has been analyzed and data specific to the problem has been obtained, the next step comes as data analysis and interpretation.

The data which has been obtained must be analyzed to verify whether it is accurate for the problem under consideration and interpretations regarding it can be made.

The first step in relation to a market assessment is to _________.

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

  1. obtaining data specific to the problem

  2. analyzing the situation

  3. data analysis and Interpretation

  4. defining the problem

Show answer
Correct Option: D
Explanation:

Whether it is about a new business or launching a new product,conducting a market assessment is essential to know whether there exists any demand to the idea.

Conducting the market assessment starts with defining the problem.Defining the objectives is defining the problem which is tantamount to a successful marketing campaign.

Which of the following is way of funding social entrepreneurs?
I.   Loan Guarantees
II.  Quasi-equity debt
III. Pooling
Select the correct answer from the option given below -

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

  1. I

  2. II

  3. III

  4. All

Show answer
Correct Option: D
Explanation:

The innovative methods used in social enterprises to broaden the access of capital includes:-

Loan Guarantee:- It is a type of finance in which one party promises to assume the debt obligation of the borrower if the borrower defaults.
Quasi- equity Debt:- It is a type of financing which posses both the characteristics of debt and equity.
Polling:- It is a type of financing where there is grouping of resources for the purpose of maximum advantage or minimum risk.