Reference no: EM132838449
1. Decisions which are concerned with policy matters and exercise fundamental influence onthe objectives of the organization are called as____________.
A. Organizational decisions.
B. Personal decisions.
C. Routine decisions.
D. Strategic decisions.
2. Decisions which are non-repetitive and novel nature and required to solve unstructured problem is called as ___________.
A. Programmed decisions.
B. Non -programmed decisions.
C. Routine decisions.
D. Strategic decisions.
3. Seed capital assistance ___________.
A. a long-term assistance.
B. initial assistance
C. a help for the purchase of seeds.
D. a short-term assistance.
4. Business means ________.
A. Commerce.
B. industry and commerce.
C. trade and commerce.
D. selling and buying of goods.
5. Promoter is a person who ________.
A. takes part in the incorporation of a company .
B. is a director.
C. is a relative of the managing director.
D. works to publicity to the company.
6. Business risks can be ______.
A. avoided.
B. reduced.
C. ignored.
D. erased.
7. The oldest form of business organization is ______.
A. Partnership.
B. sole proprietorship.
C. joint stock company.
D. co-operative undertaking.
8. Memorandum of association of a firm contains _______.
A. rules regarding the internal management of the company.
B. rules regarding the constitution and activities of the company.
C. rules regarding the external management.
D. rules regarding the constitution.
9. A person owning and running a small firm, is known as________.
A. A manager-owner.
B. An owner-manager.
C. A professional adapter.
D. An enterprise worker.
10. Which of the following is a characteristic typical of _________?Most entrepreneurs
A. Choose high risk ventures.
B. Choose low risk ventures.
C. Choose moderate (or calculated) risk ventures.
D. Choose no risk ventures.
11. The UK government has implemented a number of policies to encourage Entrepreneurship in schools. One such initiative is _________.
A. Young Enterprise.
B. Youth venture.
C. Young Business.
D. Young Initiative.
12. One of the disadvantages of a franchise business for a franchisee is ________.
A. Lack of independence.
B. Franchise businesses typically have a high failure rate.
C. Lack of brand identity.
D. Training is not normally provided by the franchisor.
13. The Markets and Competitors section of a business plan should contain ____________.
A. A statement of the target market.
B. The size of each market segment.
C. The key characteristics of buyers in each business segment.
D. All the above.
14. As a new company grows, the entrepreneur will need to _________.
A. be responsive to changes in the market.
B. ensure financial controls are maintained.
C. build a management team.
D. all the above............