Tag: organization of commerce and management

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Questions Related to organization of commerce and management

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

Possible changes in technology; leads to _______ type of challenge for an Entrepreneur.

  1. achievement oriented

  2. risk oriented

  3. involves management skills

  4. none of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Technological change introduces uncertainty and the need to adapt, which is inherently a risk-oriented challenge for an entrepreneur.

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

Focus area for Indian entrepreneurship development are ________.

  1. right skill

  2. smart capital

  3. right environment

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

Developing a robust entrepreneurship ecosystem requires a holistic approach involving skills, capital, and a supportive environment.

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

It is proved that most business failed because of improper planning of an/a _________.

  1. investor

  2. marketer

  3. entrepreneur

  4. consultant
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The entrepreneur is responsible for the strategic vision and planning of the business; failure in planning is a failure of the entrepreneur.

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

Why entrepreneurship is regarded as a human motivation?

  1. New knowledge is converted into products

  2. Leads to economic growth

  3. Both a and b

  4. None of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Entrepreneurship is driven by the human desire to innovate and create value, which in turn fuels economic growth.

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

Components of creativity do not include __________.

  1. expertise

  2. creative thinking

  3. motivation

  4. self efficacy
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

According to Amabile's componential model of creativity, the three components are expertise, creative thinking skills, and task motivation. Self-efficacy is a psychological trait, not a component of creativity itself.

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

Which statement is wrong about a business plan?

  1. Preparing business plan is a forward looking activity

  2. Preparing business plan is useful only for big organisation

  3. Business plan assist in periodical review of actual-results

  4. Past data is useful in preparing business plan
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation
As soon as a company initiates development strategy and planning activities, the time is right to start thinking about the creation of a business plan. Developing a business plan is an intense and time consuming process and yet can have many significant benefits both for small as well as large enterprises.

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

According to Mcclelland's need theory. Entrepreneur possess which of the following needs?

  1. Need for achievement

  2. Need for power

  3. Need for affliation

  4. Need for esteem
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

McClelland's Need Theory identifies the need for achievement as the primary driver for entrepreneurs, as they seek to accomplish challenging goals.

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

Which of the following is not true for social entrepreneurs?

  1. Overwhelming sense of social conscience and social responsibility

  2. Deep desire to improve upon or fundamentally change prevailing and detrimental socio-economic, educational environmental or health conditions

  3. Fierce ambition to alter the present reality of conditions she/he deems unacceptable or inhuman

  4. Driven to engage in certain activities because of the promise of political career
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
Social entrepreneurs are individuals with innovative solutions to society's most pressing social problems. They are ambitious and persistent, tackling major social issues and offering new ideas for wide-scale change.