Classical

Entrepreneurship and Innovation - Entrepreneurship and Innovation Objective Type Questions

46:  

Which statement is true?

A.

The term economic organisation, means an organisation whose purpose is to allocate scarce resources

B.

The term creation implies a founding an origin

C.

Entrepreneurship is the creation of an innovative economic organisation for the purpose of gain or growth under conditions of risk and uncertainty

D.

All of the above

 
 

Option: D

Explanation :


47:  

A typical inventor is usually

A.

Highly creative & in love with the invention

B.

Does not encourage change

C.

Willing to modify the invention in order to augment commercial benefit

D.

None of the given options.

 
 

Option: A

Explanation :


48:  

All of the following are essential to maintain secrecy EXCEPT

A.

Train employees to refer sensitive questions to one person

B.

Discuss business in public place

C.

Provide escorts for all office visitors

D.

Use simple security such as locked file cabinets

 
 

Option: B

Explanation :


49:  

Which one of the following is a sound strategic option for an entrepreneur when synergy is present?

A.

Merger

B.

Joint venture

C.

Minority interest

D.

Majority interest

 
 

Option: A

Explanation :


50:  

The activity which occurs when the new venture is started is called

A.

Motivation

B.

Business skills

C.

Departure point

D.

Goal orientation

 
 

Option: C

Explanation :




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