Tag: functions and role of an entrepreneur

Questions Related to functions and role of an entrepreneur

___ 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: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

  1. The hard workers entrepreneur

  2. The optimizer entrepreneur

  3. The idealist entrepreneur

  4. Sustainer type of entrepreneur

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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

Data analysis and interpretation is _________ in analyzing the market.

organization of commerce and management entrepreneurship: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

  1. Circumstantial

  2. Situational

  3. Critical

  4. Conditional

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Correct Option: C
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. Data analysis and interpretation is quite critical in analyzing the market.

Analysis be done in the support of experts and right results are _________.

organization of commerce and management entrepreneurship: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

  1. Drafted

  2. Crafted

  3. Rafted

  4. Drafted and crafted

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Correct Option: B
Explanation:

Analysis helps in drawing conclusions. The end result of any analysis is an answer. Analysis be done in the support of experts and the right results are crafted so that a brief and accurate answer can be drawn.

_________ has traditionally been a major source of information about the external world for most entrepreneurs for decision making on the new product.

organization of commerce and management entrepreneurship: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

  1. Passive scanning

  2. Environmental scanning

  3. Active scanning

  4. Indirect scanning

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Correct Option: A
Explanation:

Scanning of opportunities is emerging as an important area in the topic of entrepreneurship. Continuous scanning of the operating environment needs to be done in order to stay competitive.

        Ongoing scanning at an almost unconscious level is called Passive Scanning. No effort is made to select a particular information to scan. It is a continuous process.

What out of the following is entrepreneurship which is totally internal in an organisation:

organization of commerce and management entrepreneurship: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

  1. Internal Entrepreneurship

  2. Internal Intrapreneurship

  3. Both a) & b)

  4. None of the above

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Correct Option: D
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. It is a combination of entrepreneurship and management skills.