Business Management, Ethics And Entrepreneurship MCQ - Entrepreneurship Section 1

41 Which is the advantage of product layout?

A
Smooth production without any interruption
B
Mechanization of material handling
C
Low cost of material handling
D
All of the above

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Correct AnswerOption D

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42 Which are the features of venture capital?

A
Operative Planning
B
Project planning
C
Strategic planning
D
All of the above

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Correct AnswerOption D

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43 Which of the following contains a large number of new ideas?

A
Files of the Patent office
B
Official Gazette
C
Government patent Board
D
All of the above

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Correct AnswerOption A

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44 Analysis of the business environment includes

A
Forecasting to project the future
B
Monitoring to track development
C
Scanning to detect a change
D
All of the above

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Correct AnswerOption D

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45 Which statement is true?

A
The term economic organization means an organization 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 organization for the purpose of gain or growth under conditions of risk and uncertainty
D
All of the above

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Correct AnswerOption D

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