Classical

Entrepreneurship and Innovation - Entrepreneurship and Innovation Objective Type Questions

11:  

A patent is granted for a specified amount of time because of the assumption:

A.

That during this time firm will cover its development costs

B.

That firm will earn a sufficient profit during this period

C.

To limit the monopoly of the firm

D.

That it will stimulate idea and development of a better product.

 
 

Option: B

Explanation :


12:  

Which one of the following is a barriers to news product creation and development

A.

Trial and error

B.

Opportunity parameter

C.

Opportunity cost

D.

Intrapreneurship culture

 
 

Option: B

Explanation :


13:  

Which is the balance points of Entrepreneurship?

A.

Means of social changes

B.

Increase in employment opportunities

C.

Optimum utilisation of resources

D.

All of the above

 
 

Option: D

Explanation :


14:  

Which of the following techniques is an excellent method for initially screening ideas and concepts in addition to generating new ideas?

A.

Focus group

B.

Brain storming

C.

Problem inventory analysis

D.

Reverse brainstorming

 
 

Option: A

Explanation :


15:  

Which one of the following is NOT an intrapreneurial leadership characteristic?

A.

Understands environment

B.

Encourage the team work

C.

Not flexible

D.

Persistent

 
 

Option: C

Explanation :




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