Entrepreneurship and Innovation

1

Entrepreneurship consists

A) Knowledge-based behaviour B) Universal activity C) Management is the vehicle of entrepreneurship D) All of the above

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Answer & Solution

Answer: Option D

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2

The functions of Entrepreneurship includes

A) Establishing the enterprise B) Project planning C) Initiation and risk taking D) All of the above

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Answer & Solution

Answer: Option D

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3

Which is the type of entrepreneurship?

A) Private entrepreneurship B) Public entrepreneurship C) Joint entrepreneurship D) All of the above

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Answer & Solution

Answer: Option D

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4

A study conducted by the Entrepreneurship Development Institute of India, Ahmedabad, revealed that the possession of competencies is necessary for superior performance of the entrepreneurs. The study was conducted under the guidance of

A) James T. McCrory B) David C. McClelland C) James J. Berna D) P. L. Tandon

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Answer & Solution

Answer: Option B

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5

Concept of entrepreneurship includes

A) risk bearing capacity B) a function or organisation and coordination C) managerial ability D) all of the above

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Answer & Solution

Answer: Option D

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6

Who propounded entrepreneurship as a theory of business?

A) Daniel Goleman B) Joseph A. Schumpeter C) Thomas A. Coleman D) Wareen Buffet

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Answer & Solution

Answer: Option B

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7

Which of the following is another exit to the equity partnership arrangement?

A) Impartial partnership B) General partnership C) Royalty partnership D) Minor partnership

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Answer & Solution

Answer: Option C

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8

Which is the theory of entrepreneurship?

A) Psychological theory B) Sociological theory C) Economic theory D) All of these

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Answer & Solution

Answer: Option D

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9

Which is the element of nature of entrepreneurial environment?

A) Transformation B) Exchange of information C) Changes according to the need D) All of the above

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Answer & Solution

Answer: Option D

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10

The psychological factors of entrepreneurship includes

A) desire to influence others B) desire for high achievement C) organisational building D) All of the above

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Answer & Solution

Answer: Option D

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