Tag: small business and enterprises

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Questions Related to small business and enterprises

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

Social entrepreneurs play the role of change agents in  the social sector by -

  1. Adopting a mission to create and sustain social value recognizing and relentlessly pursuing new opportunities to serve that mission

  2. Engaging in a process of continuous innovating, adaptation and learning.

  3. Acting boldly without being limited by resources currently in hand

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

Social entrepreneurs play the role of change agents in the social sector by Acting boldly without being limited by resources currently in hand, Engaging in a process of continuous innovating,adaptation and learning, adopting a mission to create and sustain social value recognizing and relentlessly pursuing new opportunities serve that mission.

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

National Skill Development Corporation (NSDC) operates through partnership with  

  1. Private Sector

  2. Central Ministries

  3. State Government

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

National Skill Development Corporation is a non profit organisation set up as a public private  company in order to create and fund vocational training and skill training. It operates through partnership with private sector,state government and central ministries.

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

Among the following which are to be considered as a type of entrepreneur?
(i) Idealist (ii) Optimisers (iii) Hard workers (iv) Sustainers (v) Improver (vi) Advisor (vii) Superstar (viii) Artiste (ix) Visionary (x) Analyst (xi) Fireball (xii) Jugglers (xiii) Hero (xiv) Healer

  1. (i),(iv), (vi), (ix), (xii), (xiv)

  2. (ii), (iii), (vii), (xi), (xiii)

  3. (v), (viii), (x), (xi), (xii)

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

The list provided contains various recognized archetypes or types of entrepreneurs often cited in business literature. Since all listed categories are valid classifications, 'all of the above' is correct.

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

For the economic and industrial development Micro, Small and Medium Enterprise play an important role such as
(1) They have the capacity to absorb skilled and
unskilled labour available in the country.
(2) Such institution provide lots of employment and  allow income to get concentrated  in few hands        or in few areas.
(3)They help in eradication of poverty by providing  self-employment opportunities.

  1. Only (1)

  2. Only (2)

  3. Only (3)

  4. Only (1) & (3)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

MSMEs are vital for absorbing labor and reducing poverty through self-employment. Statement (2) is incorrect because the goal is to prevent income concentration, not to encourage it.

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 customer benefits are provided by the product?

  4. What are the company's major strengths and weaknesses?
Reveal answer Fill a bubble to check yourself
A Correct answer
Multiple choice organization of commerce and management entrepreneurship opportunities for an entrepreneur small business and enterprises entrepreneurship development

Entrepreneurship is characterized by the following features viz _______.

  1. essence of entrepreneurship is the willingness to assume risk arising out of the creation and implementation of new ideas

  2. entrepreneurship involves a continuous search for new ideas

  3. entrepreneurship is a process, a journey, not the destination; a means, not an end

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

Entrepreneurship is the process of developing some new process, business,ideas from the existing one by applying skills and potentials. It is characterized by the following features:- entrepreneurship is a process, a journey, not the destination; a means, not an end, it involves a continuous search for new ideas and the essence of entrepreneurship is the willingness to assume risk out of the creation and implementation of new ideas.

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

____ 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.

  1. The hard workers entrepreneur

  2. The idealist entrepreneur

  3. The improver types of entrepreneur

  4. The optimizer entrepreneur
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The idealist entrepreneur likes innovation and enjoys working on something new or something meaningful. They 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 a noble cause.

Answer is B.

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

What led to development of Entrepreneurship in India?

  1. Growing concern for economic development

  2. Increase in population

  3. Too many professionals in India.

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

The 1991 economic liberalization in India led to Entrepreneurship as a catalyst in growth of business and economic development, that transformed India from a struggling economy to one of the best economies in the world.

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

The typical corporate culture has a climate and reward system that favors Conservative decision-making. Often there are individuals who want to come out of it. Which one of the following is the first step in the Entrepreneurial process?

  1. Developing successful business ideas

  2. Deciding to become an Entrepreneur

  3. Growing the Entrepreneurial firm

  4. Moving from an idea to an Intrapreneur
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The entrepreneurial process begins with the decision to become an entrepreneur, which is the foundational step before developing ideas or growing a firm.