Commerce Accountancy · General Awareness

Entrepreneurship and Innovation

993 Questions

Entrepreneurship and innovation questions address business management, economic development, and small scale industries. These topics are highly relevant for commerce students and competitive exams focusing on business administration. Review these questions to understand enterprise structures.

Small scale industriesWomen entrepreneurs enterpriseLegal risk mitigationMultinational corporationsKnowledge based industries

Entrepreneurship and Innovation Questions

Multiple choice geography globalization and trade mncs and impact of globalization effects of globalisation in india globalisation and the indian economy

The characteristics feature of a multinational enterprise (MNE) include __________.

  1. it owns its subsidiaries in other countries

  2. it may operate in another country

  3. these are established due to difference in the rate of return on capital between the two countries

  4. both (a) and (b)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A multinational company is one which has its main office in the home country and has many branches or subsidiaries in two or more country. Hence, the characteristic feature of a MNE include it owns its subsidiaries in other countries as well as it may operate in another country.

Multiple choice geography globalization and trade mncs and impact of globalization effects of globalisation in india globalisation and the indian economy

The advantage of multinational corporations is _____________.

  1. business gets management expertise from MNC

  2. always enjoy political harmony in host countries in which their subsidiaries operate

  3. enjoy subsidies from government in order to conduct worldwide operations

  4. both (a) and (b)
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

MNC is an organisation which has its head office in the home country and subsidiaries in two or more countries. The advantage of MNC are:

  1. Technology movement.
  2. Support enterprises in host countries.
  3. Provide services to professionals.
  4. Business gets management expertise from the MNC etc.

Multiple choice organization of commerce and management emerging trends in business definition, scope and benefits of e-business emerging service business in india emerging modes of services

___________ is an advantage of e-business over traditional business.

  1. Convinience

  2. Speed

  3. Global reach

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

E-business has many advantages as compared to traditional form of business. Unlike traditional business, it offers convenience to both customers and sellers, speed of delivery, provides global reach i.e. anyone can take benefit of e business by ordering items online without wasting their time and money on physical outlets.

Multiple choice organization of commerce and management emerging trends in business definition, scope and benefits of e-business emerging service business in india emerging modes of services

In E-business, network is more important than net worth.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

In e-business, network is more important than net worth as e-business is conducted only with the help of internet and internet can only work properly if network availability is proper in that area and transactions can be carried out easily without any hassle. 

Multiple choice civics growth of rural economy rural economy changing life: 1 meaning and importance of rural development

"TRYSEM" means _________.

  1. Training Rural for Young Entrepreneur for Self-Employment

  2. Training of Young Unemployed for Self-Employment

  3. Training of Rural Youth for Self-Employment

  4. Training Women at Home for Self-Employement
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

TRYSEM stands for Training of Rural Youth for Self-Employment, a government program aimed at providing technical skills to rural youth.

Multiple choice organization of commerce and management markets and marketing meaning, nature and importance of services introduction to services nature and types of services

The purpose(s) of business that goes beyond earning profits _____________.

  1. An important institution in society

  2. For the supply of goods and services

  3. Creating job opportunities

  4. All of above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Profit making itself shall not be the purpose of business entities. It is running in an environment where a business entity's responsibilities widen. It contributes to the growth of the society. It supplies the required goods and services thereby catering to the needs of the society. A business entity creates job opportunities for the society. Thus, the purpose of a business entity has to be growth of the society by being a profitable enterprise in itself.

Multiple choice organization of commerce and management markets and marketing meaning, nature and importance of services introduction to services nature and types of services

_____________ services are the services uses used by business enterprises to conduct their activities.

  1. Business

  2. Social

  3. Personal

  4. All of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Business services are those services which are used by business enterprises for the conduct of their activities.

Social services are those services that are generally provided voluntarily in pursuit of certain social goals.
Personal services are those services which are experienced differently by different customers.

Multiple choice commerce micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes

Which one of the following is a key in the firm's growth phase?

  1. Increase in scale

  2. Increase in profit

  3. Increase in capital

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

During the growth phase of a firm, it typically experiences an increase in scale, profitability, and capital investment as it expands its market presence and operations.

Multiple choice elements of business sources of business finance - 1 classification & choice of sources of funds classification of sources of finance owned funds and borrowed funds

Source of funds for an entrepreneur can be _______.

  1. Personal investment

  2. Venture capital

  3. Investment from 'Angels'

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
 Every entrepreneur need some source of funds to implement his idea to run a business. Source of funds for an entrepreneur can be:
a) personal investment
b) venture capital
c) investment from 'Angels': here 'angels' mean investors.
Multiple choice elements of business sources of business finance - 1 classification & choice of sources of funds classification of sources of finance owned funds and borrowed funds

Business incubators (or "accelerators") generally focus on the high-tech sector by providing support for new businesses in various stages of development. 

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Business incubators (or "accelerators") generally focus on the high-tech sector by providing support for new businesses in various stages of development- this is a true statement. Business incubators mainly help start-up companies by providing management and other facilities.

Multiple choice economics how does production take place? entrepreneur land,labour, capital and entrepreneur production mechanism

Which of the following quality is attributable to social entrepreneurs ? 

  1. Visionaries

  2. One man show

  3. Rationalist

  4. Rich and powerful
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Visionaries: Social entrepreneurs often seem to be possessed by their ideas,committing their lives to changing the direction of their field. they are visionaries and concerned with the practical implementation of their vision above all else.

Multiple choice economics how does production take place? entrepreneur land,labour, capital and entrepreneur production mechanism

Social entrepreneurship is a revolution occurring around the world, where people from all walks of life are ____________________________.

  1. developing and implementing innovative, effective and sustainable solutions in response to government's role

  2. developing and implementing innovative, effective and sustainable solutions in response to social and charitable challenges

  3. developing and implementing innovative, effective and sustainable solutions in response to social and environmental challenges

  4. developing and implementing effective and sustainable solutions in response to taxation environment challenges.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Social entrepreneuship is a global revolution where individuals (known as social entrepreneurs) developed and implemented innovative and effective solutions to society's most pressing social problems. They are ambitious and persistent with regards to tackling major environmental issues around the world.

Multiple choice economics how does production take place? entrepreneur land,labour, capital and entrepreneur production mechanism

Social entrepreneurs are individuals with innovative solution to  _____________________. 

  1. society's most pressing social problems.

  2. society's most common problems

  3. social problems that are not still solved

  4. social problems that are not subject to Court proceedings.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Social entrepreneurs are individuals with innovative solution to society's most pressing social problems.They are ambitious and persistent.They can tackle major social issues and offer new ideas for wide-scale change.

Multiple choice economics how does production take place? entrepreneur land,labour, capital and entrepreneur production mechanism

A social entrepreneurship organization uses methods in an innovative way to address: 
X. Social problem 
Y. Environmental problem 
Select the correct answer from the options given below - 

  1. $Y$ only
  2. Neither $X$ nor $Y$
  3. $X$ only
  4. Both $X$ and $Y$
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A social entrepreneurship organization uses methods to address the social problems or any change in the society.It also deals with the environmental problem.