Classical

Entrepreneurship and Innovation - Entrepreneurship and Innovation Objective Type Questions

66:  

Entrepreneurship is

A.

The seemingly discontinuous process of combining resources to produce new goods or services

B.

A project

C.

A service

D.

A product

 
 

Option: A

Explanation :


67:  

The longest lasting trade agreement with the objective of liberalizing trade by eliminating or reducing tariffs, subsidies and quotas is

A.

Free trade area - FTA

B.

European community - EC

C.

General agreement on tariffs and trade - GATT

D.

The North American free trade agreement - NAFTA

 
 

Option: C

Explanation :


68:  

"The entrepreneur is more than a manager. He or (she) is an innovator and promoter as well." Who said it?

A.

George Gilder

B.

Forrest H. Frantz

C.

Joseph A. Schumpeter

D.

Peter F. Drucker

 
 

Option: B

Explanation :


69:  

Which statement is true?

A.

Venture capital is outside equity that comes from professionally managed pools of investor money

B.

Temporary working capital is the amount needed to meet seasonal or cyclical demand

C.

Permanent working capital is the amount needed to produce goods and services at the lowest point of demand

D.

All of the above

 
 

Option: D

Explanation :


70:  

Capital rising entirely depends on the entrepreneur in which of the following entity?

A.

Corporation

B.

Sole Proprietorship

C.

Partnership

D.

All of the above

 
 

Option: B

Explanation :




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