Classical

Entrepreneurship and Innovation - Entrepreneurship and Innovation Objective Type Questions

61:  

The entrepreneur in an advanced economic is an individual who _______ something new into the economy - a method of production not yet tested by experience in the branch of manufacture concerned, a product with which consumers are not yet familiar, a new source of raw material, new markets and the like.

A.

Introduces

B.

Produced

C.

Reduced

D.

Increased

 
 

Option: A

Explanation :


62:  

Ethical decisions include

A.

Provide the customer with valid data about the product and service

B.

Enable the customer to make a free and informed choice

C.

Generate customer commitment to the product and the organisation that provides it

D.

All of the above

 
 

Option: D

Explanation :


63:  

Companies identify their assets with the date of purchase, because it can be helpful in determining depreciation for

A.

Goodwill

B.

Trade rebate

C.

Tax purposes

D.

Capital structuring

 
 

Option: C

Explanation :


64:  

Which one of the following is NOT included in four C's evaluation by lender?

A.

Character

B.

Cost

C.

Continuity

D.

Contribution

 
 

Option: C

Explanation :


65:  

Which is approach of 'Entrepreneurial Development Programme'?

A.

Human Resource Development Approach

B.

Technological Development Approach

C.

Industrial Development Approach

D.

All of the above

 
 

Option: D

Explanation :




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