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

Entrepreneurial experience becomes increasingly important as ____________.

  1. work load increases

  2. complexity of venture increases

  3. complexity of work increases

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

As a venture becomes more complex, the entrepreneur's past experiences become crucial for managing risks, making decisions, and leading the team effectively.

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

Personal characteristics to be a successful entrepreneur includes ________.

  1. understanding environment

  2. creating management options

  3. encourage open discussion

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

Successful entrepreneurs typically possess a combination of environmental awareness, management skills, and the ability to foster communication. Since all listed options are positive traits for an entrepreneur, 'all of the above' is the correct choice.

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

Nearly two years ago. Amit launched a business that has just failed. As a typical Entrepreneur, what will he most likely do?

  1. Go to work for a major corporation.

  2. Try to learn from his failed venture so that he will not make the same mistake in the future.

  3. Give up on becoming a successful Entrepreneur.

  4. Spend the rest of his life wondering what happened to high business.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Entrepreneurs view failure as a learning opportunity rather than a permanent defeat. Analyzing past mistakes is a fundamental trait that helps them improve for future ventures.

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

What has not been associated with entrepreneur's success?

  1. Commitment and determination.

  2. Creativity, self-reliance and ability to adapt

  3. Leadership

  4. Motivation to fail.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Success in entrepreneurship is associated with positive traits like determination, creativity, and leadership. A 'motivation to fail' is counterproductive and not a characteristic of a successful entrepreneur.

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

As per the report of Mckinsey and company Nasscom report, India needs at least ________ new business.

  1. 8000

  2. 9000

  3. 10000

  4. self-sufficient.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The McKinsey and NASSCOM report on Indian entrepreneurship highlighted the need for a significant number of new businesses to drive economic growth, specifically citing 8000.

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

Which one of the following has the primary motive of independence and ability to advance in the corporate rewards?

  1. Traditional managers

  2. Entrepreneurs

  3. Intrapreneurs

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

Intrapreneurs are employees within an organization who are given the autonomy to act like entrepreneurs. They seek independence and advancement within the corporate structure.

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

According to our discussion, what is the best way a government can support entrepreneurs?

  1. Ensure for access to smart capital

  2. Provides advice and information at one stop shop

  3. Have access to right skill

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

Government support for entrepreneurship is multifaceted, including providing access to capital, offering advisory services, and ensuring access to skilled labor. All these are valid forms of support.

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

Entrepreneurs _________.

  1. recognize that their fear of failure outweighs their excitement for building a new business.

  2. see failure for what it really is: an opportunity to learn what doesn't work.

  3. recognize that failure is a natural part of the creative process.

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

Entrepreneurs generally view failure as a necessary part of the creative and learning process. Both statements (b) and (c) accurately reflect this mindset.

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

Is it necessary to focus on establishment of networks for entrepreneurs development?

  1. Yes

  2. Partially yes.

  3. Completely false

  4. Can't say about it.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Networking is crucial for entrepreneurs to gain access to resources, mentorship, and market opportunities. Therefore, it is essential for entrepreneurial development.

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

In an international perspective, which of the following decisions are not covered under strategic planning of an entrepreneur?

  1. What are unique characteristics of each market?

  2. Who should be involved in marketing decisions?

  3. What customers benefits are provided by the products?

  4. What are the company's major strengths and weaknesses?
Reveal answer Fill a bubble to check yourself
A Correct answer