Question 1

The stage of assessing entrepreneurial opportunities include ______________________

Accepted Answer

A)  Identifying resources
B)  Analyzing capabilities
C)  Evaluating competition advantage
D)  Developing a strategy
E)  All of these E

Question 2

"Innovation is the 'super star' of entrepreneurship" who said

Accepted Answer

A)  Peter F Drucker
B)  James C Van Horne
C)  Hansion
D)  J.R Dwell
E)  All of these A

Question 3

Which is the step of procedure of plant layout?

Accepted Answer

A)  Determination of objectives
B)  Study of material lists
C)  Formation of an overall plan
D)  Selection of plant
E)  All of these E

Question 4

All india small scale industries board is a _____________________________

Accepted Answer

A)  Primary board
B)  Advisory committee
C)  Core board
D)  Lower body
E)  None of these

Question 5

Which is the methods for creativity?

Accepted Answer

A)  Brainstorming
B)  General group processing
C)  Synetics method
D)  Creative decision making
E)  All of these

Question 6

Which is the apex body in India for the setting the policy in respect of entrepreneurship development?

Accepted Answer

A)  All india handicrafts board
B)  National entrepreneurship
C)  SEBI
D)  RBI
E)  UTI

Question 7

The psychological factor of entrepreneurship includes ____________________

Accepted Answer

A)  Innovation
B)  Function of high achievement
C)  Organization building
D)  Desire to influence others
E)  All of these

Question 8

Which is the factors affecting the plant layout?

Accepted Answer

A)  Managerial policies and decisions
B)  Nature of plant location
C)  Plant environment
D)  Factory environment
E)  All of these

Question 9

Which is the central level of organization for the support of entrepreneurs?

Accepted Answer

A)  AISIB
B)  SIDO
C)  SISI
D)  NSIC
E)  All of these

Question 10

Which is the element of social responsibility?

Accepted Answer

A)  Beyond the limits of law
B)  Social institution
C)  Morality and good faith
D)  Continues process
E)  All of these

Question 11

Which is the balance points of entrepreneurship?

Accepted Answer

A)  Optimum utilization of resources
B)  Increase in employment opportunities
C)  Means of social changes
D)  Minimize socio-economic problems
E)  All of these

Question 12

An entrepreneur can utilize strategies including _______________________

Accepted Answer

A)  A rent seeking strategies
B)  Growth strategies
C)  Quality strategy
D)  All of these
E)  None of these

Question 13

Strategic management includes ________________________

Accepted Answer

A)  Strategy formulation
B)  Planning
C)  Analysis
D)  Strategy implementation
E)  All of these

Question 14

Who is the chairman of the "All india small scale industries board"?

Accepted Answer

A)  Prime minister
B)  Government of RBI
C)  President of SEBI
D)  Central minister
E)  None of these

Question 15

Which is the entry barrier of industry structure?

Accepted Answer

A)  Economics of scalr
B)  Proprietary product differences
C)  Brand identity
D)  Switching costs
E)  All of these

Question 16

Which is the determinants of plant lay-out?

Accepted Answer

A)  Nature of product
B)  Nature of machines and equipments
C)  Available space
D)  Balance
E)  All of these

Question 17

Market analysis includes ___________________

Accepted Answer

A)  Overall market
B)  Specific market
C)  Competitive market
D)  Microenvironment influences
E)  All of these

Question 18

Which is the part of society?

Accepted Answer

A)  Owner of the business
B)  Suppliers
C)  Govt.
D)  Customers
E)  All of these

Question 19

_____________________means identifying and imitating the best in the world at specific tasks & functions

Accepted Answer

A)  Benchmarking
B)  Continues improvement
C)  Quality circle
D)  Outsourcing
E)  Cost

Question 20

Volume of production includes _______________________________

Accepted Answer

A)  Job production
B)  Batch production
C)  Mass production
D)  All of these
E)  None of these

Exam 4: Creativity, Entrepreneurship, and Plant Layout