MCQ For SNVM 1 4 PDF
MCQ For SNVM 1 4 PDF
MCQ For SNVM 1 4 PDF
1. An entrepreneur into the hosiery business found out the reason his hosiery was not selling was due to
its color. What could be the best source of this information? a. Supplier
b. Retailer
c. Competition
d. Government
2. In some countries, points of purchase displays are not allowed in retail stores. Such differences are
studied by international entrepreneurs under __________ environment. a. Economic
b. Political
c. Cultural
d. Technological
3. Having more than 50% ownership position that provides the entrepreneur with managerial control is
called ___________.
a. Joint venture
b. Majority interest
c. Horizontal merger
Expertise of an entrepreneur
5. A business where an individual is both the owner and conductor of the business affairs is
called__________________.
a. Sole Proprietorship
b. Partnership
c. Corporation
a. Proprietorship
b. Partnership
7. The idea and actions that explain how a firm will make its profits refers to a.
Mission
b. Goal
c. Strategy
d. Objective
10. _________________ is one method of stimulating, and then capitalizing on, individuals in an
organization who think that something can be done differently and better.
a) Strategic Orientation
b) Capitalization
c) Intrapreneurship
d) Management
11. The _______ plan shows whether the business is economically feasible or not. a.
Financial
b. Business
c. Economic
d. Marketing
12. In which of the following, the ownership of venture is reflected by ownership of shares of stock?
a. Partnership
b. Limited partnership
c. Corporation
d. Proprietorship
14. The small business ‘owner-manager’ is always the founder of the business:
a. True
b. False (A management buyout is an example of a business where the owner-manager would
probably not have been the founder)
15. Which of these statements best describes the context for entrepreneurship:
16. Which of the following are described as one of the ‘Big Five’ personality traits?
a. propensity to leadership
b. need for achievement
c. extravert personality
d. tolerance of others
17. The period of business when an entrepreneur must position the venture in a market and make
necessary adjustments to assure survival is called the: