Practice Test

Q1) _________ is defined as the process of making money, earning profits and increasing the wealth while posing characteristics such as risk taking, management, leadership and innovation. Show Answer

Q2) The word entrepreneur has a ______________ origin. Show Answer

Q3) The word entrepreneur is derived from the French word, __________ Show Answer

Q4) The concept of entrepreneurship was first established in the ________ Show Answer

Q5) Key elements(s) of entrepreneurship: _____________ I. Innovation II. Risk taking III. Good looking IV. Vision V. Social help to needy people VI. Organizing skills Show Answer

Q6) __________ has rightly been identified with the individual, as success of enterprise depends upon imagination, vision, innovativeness and risk taking. Show Answer

Q7) The production is possible due to the cooperation of the various factors of production, popularly known as ___________ Show Answer

Q8) In the 20th century, economist ______ focussed on how the entrepreneur's drive for innovation and improvement creates upheaval and change. Show Answer

Q9) __________ viewed entrepreneurship as a force of "creative destruction." Show Answer

Q10) According to _______"The entrepreneurship is essentially a creative activity or it is an innovative function." Show Answer

Q11) Entrepreneurship is ____________ Show Answer

Q12) Which of the following can be treated as trait of entrepreneur? Show Answer

Q13) Research indicates that most successful entrepreneurs share certain personal attributes, including; ____________ Show Answer

Q14) Research indicates that most successful entrepreneurs share certain personal attributes, including : _________ Show Answer

Q15) Which of the following is characteristic(s) of an entrepreneur? Show Answer

Q16) Which of the following is characteristic(s) of an entrepreneur? Show Answer

Q17) "What a man can be, he must be. This need we call self actualization." This said by _____ Show Answer

Q18) __________ is the most common type of entrepreneur. He likes innovation and enjoys working on something new or creative. He is guided by more ideals while keeping in view the ideas that are formulated by him in order to pursue his innovation. Show Answer

Q19) _________ comes in a close second and is content with the personal satisfaction of simply being a business owner. It is derived from being optimistic. Show Answer

Q20) _________ category includes a persons who enjoy putting in long hours to build a larger and more profitable business. They like to challenge themselves and strive harder to attain the same. They reap the most rewards if the business turns out to be a multi-million dollar enterprise. Show Answer

Q21) 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. Show Answer

Q22) ___________ 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 to a noble cause. Show Answer

Q23) Which of the following types of people believe in consumer sovereignty where they indulge execessively in providing customer services? Show Answer

Q24) Superstar type of emtrepreneur is lead by ______________ Show Answer

Q25) _________ are creativity oriented entrepreneurs. Show Answer

Q26) The founding members who visualize a dream and materialize the same are known as _______________ Show Answer

Q27) __________ types of entrepreneurs excel at problem solving in a systematic way. Show Answer

Q28) The ___________ entrepreneur like the concept that the business gives them a chance to handle everything themselves. They are usually people with lots of energy and exist on the pressure of meeting deadlines, paying bills and of course making payroll. Show Answer

Q29) ___________ 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. Show Answer

Q30) The terms Entrepreneur and Manager are same. Show Answer

Q31) __________ starts a business enterprise constituting of ideas he comprehends; employing personal stakes. Show Answer

Q32) An entrepreneur and a manager differ in their standing, an entrepreneur is the _________ of the organization and he nears all the risk and uncertainties involved in running an organization where as a manager is an ___________ and does not undertake responsibilities for any risk. Show Answer

Q33) __________ objective is to innovate and create. Show Answer

Q34) ______ is face with more income uncertainties. Show Answer

Q35) "An entrepreneur could be a manager but a manager cannot be an entrepreneur". Show Answer

Q36) "A person within a large corporation who takes direct responsibility for turning an idea into a profitable finished product through assertive risk-taking and innovation is __________" Show Answer

Q37) Management consultant _______, author of the 1985 book entitled Intrapreneuring. Show Answer

Q38) Intrapreneurship is a combination of ___________ Show Answer

Q39) An intrapreneur needs to have a blend of ________ Show Answer

Q40) Key characteristic(s) of Intrapreneurship: _____________ Show Answer

Q41) ____________ is an individual employed by an organization for remuneration, which is based on the financial success of the unit he is reponsible for. Show Answer

Q42) Not every business needs an Entrepreneur, but every business needs an Intrapreneur. Show Answer

Q43) Intrapreneur faces competition from _________ Show Answer

Q44) ______________ is the "inside entrepreneur". Show Answer

Q45) _____________ have to face rivalry within the organization they work. Show Answer

Q46) An intrapreneur needs to have a blend of _______ Show Answer

Q47) Which of the following is feature of juggler? Show Answer

Q48) Who coined the world Intrapreneurship? Show Answer

Q49) Which of the following is one of the key elements of entrepreneurship? Show Answer

Q50) Which type of entrepreneur is leads by charisma, charm & high energy? Show Answer

Q51) The basic skills required for an intrapreneur arg- Show Answer

Q52) Cantillon referred Entrepreneurs one of the Show Answer

Q53) What is the remuneration of Entrepreneur? Show Answer

Q54) Which amongst the following is incorrect regarding entrepreneurship Show Answer

Q55) Which of the following statement is not true?
Show Answer

Q56) Which of the following is not a type of entrepreneur? Show Answer

Q57) Which of the following show the process of creating something new? Show Answer

Q58) Which statement is true for entrepreneurs? Show Answer

Q59) Which of the following is considered to be a myth associated with entrepreneurship? Show Answer

Q60) Which one of the following is the process of entrepreneurs developing new products that over time make current products obsolete? Show Answer

Q61) Which of the following is not a personal characteristic often found in an entrepreneur? Show Answer

Q62) Which of the following is not considered a common characteristic of an entrepreneur? Show Answer

Q63) Which of the following are risks for entrepreneurs in small business- Show Answer

Q64) Which of the following is not a common motivation of an entrepreneur? Show Answer

Q65) Common reasons for entrepreneurial failure include all but which one of the following? Show Answer

Q66) Why should an entrepreneur do a feasibility study for starting a new venture? Show Answer

Q67) Who are creativity orientated entrepreneurs? Show Answer

Q68) ______ 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. Show Answer

Q69) Whose objective is to innovate and create? Show Answer

Q70) Which of the following is not an example of ‘technical entrepreneur’? Show Answer

Q71) The entrepreneur who is committed to the entrepreneurial effort because it makes good business sense is classed as a/an______. Show Answer

Q72) Sheetal is one of the newest and most successful entrepreneurs in the technology industry. She handles numerous dealings with other companies for the exchange of goods and services. He primary goal is to ensure that all parties involved receive favourable and acceptable terms. Sheetal is most probably excellent at the entrepreneurial skill of ______ Show Answer

Q73) An intrapreneur needs to have a blend of _________ Show Answer

Q74) An informal group of innovative employee who are permitted to digress temporarily from their regular tasks to develop new ideas are referred to as: Show Answer

Q75) A person within a company who takes a leadership role and is positioned to help ensure the success of an idea or innovation is often referred to as a- Show Answer