Tag: entrepreneurs

Questions Related to entrepreneurs

What is the most suitable situation for an entrepreneur to know that its product is going to sustain in the market?

organization of commerce and management entrepreneurship: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

  1. Value delivered = Customer's expectations

  2. Value delivered < Customer's expectations

  3. Value delivered > Customer's expectations

  4. None of the above

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Correct Option: C

Select the statement, which is not true for Entrepreneurs 

organization of commerce and management entrepreneurship: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

  1. They have leading power of quality

  2. They change the way businesses convent inputs into outputs.

  3. They apply innovative ideas.

  4. They generally stick to the processes already in use.

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Correct Option: D

What is central for enhancing the economic opportunity of nations & organizations.

organization of commerce and management entrepreneurship: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

  1. Entrepreneur

  2. Intrapreneur

  3. Manager

  4. None of the above.

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Correct Option: A

The Entrepreneur doing business within the national border is called. 

organization of commerce and management entrepreneurship: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

  1. International Entrepreneur.

  2. Intrapreneur.

  3. Domestic Entrepreneur

  4. Imports.

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Correct Option: C

Invariably the primary focus of Intrapreneur is on

organization of commerce and management entrepreneurship: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

  1. To move towards organizational success.

  2. To move towards personal success.

  3. To create opportunity for move money being independent

  4. Both a & b

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Correct Option: D

Which statement is not true of entrepreneurs?

organization of commerce and management entrepreneurship: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

  1. They apply innovative ideas.

  2. They take risks

  3. They change the way businesses convert inputs into outputs

  4. They generally stick to the processes already in use

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Correct Option: D

The Entrepreneur must possess the abilities:

organization of commerce and management entrepreneurship: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

  1. Creative

  2. Conceptualization

  3. Understanding environment

  4. All of the given options

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Correct Option: D

The primary reason Entrepreneurs start companies is to _____________.

organization of commerce and management entrepreneurship: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

  1. Recover form a layoff

  2. Create something new

  3. Make money

  4. Control their own lives.

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Correct Option: A

Respectfulness discharging social obligation and fair behaviour are few ___________ attributes of an entrepreneur.

organization of commerce and management entrepreneurship: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

  1. mental

  2. ethical

  3. physical

  4. social

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Correct Option: D

What is central for enhancing the economic opportunity of nations and organizations?

organization of commerce and management entrepreneurship: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

  1. Entrepreneur

  2. Intrapreneur

  3. Manager

  4. None of the above

Show answer
Correct Option: A
Explanation:

Entrepreneur has the tendency to thrive for achievement and economic growth of its own business, which in all enhances economic development, economic opportunity of nations and organization