ENTREPRENEURSHIP MGT. QUIZ 1

ENTREPRENEURSHIP MGT. QUIZ 1

Subject: Business    / Management
Question

ENTREPRENEURSHIP MGT.

Online QUIZ 1

FALL SEMESTER (2016)

DUE DATE 5th March 2016

TOTAL MARKS 10

MARKS OBTAINED

Time 30 Minutes.

1.Entrepreneurship can be extremely testing. Which is not an ordinary test of being a business visionary?

a.Long hours

b.Financial reward

c.Financial frailty

d.Loneliness

2.If a business is not making a benefit, the business visionary realizes that

a.He/she is not making great utilization of rare assets

b.People are willing to purchase the item/benefit at high cost

c.No one needs to purchase the item/benefit

d.All of the specified choices

3.A ________ is a gathering of individuals who might be occupied with purchasing a given item or administration.

a.Consumer

b.Target

c.Customer

d.Market

4.Which business capacity do specialists concur you ought to concentrate on first when planning to begin a business?

a.Financing

b.Marketing vision

c.Operations

d.None of the said alternatives

5.The statement of purpose

a.Is a business’ explanation behind existing

b.Does not should be longer than three sentences

c.Tells your clients and workers what your business is about

d.All of the above.

6.Which of the accompanying is not something that can be contributed?

a.Energy

b.Expertise

c.Money

d.Time

7.Which of the accompanying ought to be incorporated into a business’ statement of purpose?

a.Unique offering suggestion

b.Marketing

c.Tactics

d.Prices

8.Make beyond any doubt your business is keep running in a moral way by

a.Never take organization benefits just to pay yourself.

b.Create an admonitory board.

c.Keep precise records and utilize budgetary controls.

d.All of the above.

9.When a business becomes too enormous for the business visionary to run only it, he or she ought to consider

a.Taking administration classes to improve as a chief.

b.Slowing down promoting endeavors to bring the business’ development back under control.

c.Raising capital and utilizing it to contract directors.

d.None of the above

10.Why are business visionaries not generally the best chiefs for their organizations?

a.Entrepreneurs are languid.

b.Managers are better at thinking of crisp thoughts for new organizations than business visionaries are.

c.Entrepreneurs have a tendency to be inventive sorts who get exhausted with the everyday points of interest of maintaining a business.

d.All of the above