Classical

Entrepreneurship and Innovation - Entrepreneurship and Innovation Questions

1:  

In stage of responsibility allocation process the entrepreneur follows:

A.

High centralized decision making process

B.

Highly decentralized decision making process

C.

Somewhat centralized decision making process

D.

No particular standards

 
 

Option: A

Explanation :


2:  

According to the governing bodies of common laws, the life of trade secret is

A.

12 years

B.

17 years

C.

20 years

D.

As long as it remains confidential.

 
 

Option: D

Explanation :


3:  

Match the following

List-I (Organisation)                                                List-II (Year of

                                                                                   Formation)

(A) All India Small Scale Industries Board                      1. 1955

(B) National Small Industries Corporation Ltd.               2. 1956

(C) State Trading Corporation of India Ltd.                    3. 1954

(D) National Research and Development Corporation     4. 1953

                                                                                   5. 1960

A.

(A) (B) (C) (D)

1    2    3    4

B.

(A) (B) (C) (D)

1    2    4    3

C.

(A) (B) (C) (D)

3    1    2    4

D.

(A) (B) (C) (D)

3    4    2    1

 
 

Option: C

Explanation :


4:  

Match the following

List-I (Source of Capital)           List-II (Nature of Capital)

(A) Equity share capital                   1. Owner's capital

(B) Bonds                                       2. Long term capital

(C) Sinking fund                             3. Retained capital

(D) Bank loan                                 4. Borrowed capital

                                                      5. Creditors

A.

(A) (B) (C) (D)

1    2    3    4

B.

(A) (B) (C) (D)

1    4    3    2

C.

(A) (B) (C) (D)

3    1    2    4

D.

(A) (B) (C) (D)

3    4    2    1

 
 

Option: B

Explanation :


5:  

Having more than 50% ownership position that provides the entrepreneur with managerial control is called

A.

Joint venture

B.

Majority interest

C.

Horizontal merger

D.

Diversified activity merger

 
 

Option: B

Explanation :




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