(1) When the large business provide materials and others components to small units who process into

finished goods, the relationship between large and small business would be 1. 2. 3. 4. Purchase subcontracting job subcontracting Merchandising Complementary

(2) Following are the different functions an innovative entrepreneur performs EXCEPT: a) b) c) d) Launches new products Discovers new markets Establishes new methods of production Duplicate the technology

(3) IF you follow the old traditions, avoids risk taking and responds to change only in situations where it becomes necessary to do so, then what kind of an entrepreneur you will be? a) Innovative b) Imitating c) Fabian d) Drone (4) If an entrepreneur wants to increase the productivity, he will have to invest in (a) Man Power of the organization (b) Research & Development (c) Plant and Machinery (d) All of the above (5) The followings are the main barriers in the path of entrepreneurship except a. Poor location b. Lack of market knowledge c. Lack of seed capital d. Social stigma attached to certain vacations (5) An integration of the functional plans such as marketing plan, financial, production and human resource is called a. Business Forecast b. Business strategy c. Business plan D. All of the above (6) Following are the examples of intellectual property rights EXCEPT: a) Copyright b) Patent c) Trademark d) Brand Image

(7) Which of the following is true about avoiding business failure? a) You must understand financial statements. b) You need to learn how to manage others. c) You must differentiate your product from the competition. d) You must do all of these. (8) Small businesses are those that employ: a) More than 100 employees b) Fewer than 20 employees c) Fewer than 100 employees d) Number doesnt matter not sure (9) The location of the business is especially important for what type of start-up businesses? a) Manufacturing. b) Service. c) Computer-based service. d) Retail (10) An arrangement where one party gives rights to another party is called (11) In franchise one gives the rights to another except

a. Right to use trade mark b. Right to change the price c.

Right to goods and services

d. All of the above (11)

Under master franchise agreement, the franchisee has the right to open and operate . Units at specific time.

a. Only one unit b. More than one unit c.

None of the above USA reported that business format franchises are very popular in the following industries except;

(12)

a. Education

b. Fast food c.
Building and construction

d. Business services and maintenance (13)

When a franchisee grants a license to a third party for the use of rights of the company such agreement is called

a. Sub franchising b. New franchising

c.

Expanded franchising

d. None of the above (14)

People prefer to get start a franchise business because of ;

a. Proven products and services b. Goodwill of the parent Co. c.

Facilities available

d. All of the above (15)

Which of the following term is defined as: The initial equity capital used to start a new venture or business? a. Value Capital b. Working Capital c. Seed Capital d. Gross Capital (16) SME Stands for ______________.

a. Self Managed Entrepreneur b. Small Manageable Enterprise c. Small and Medium Enterprise d. Self Manageable Enterprise

(17)
If you divide the SME industry into wholesale, retail, manufacture and service sectors, then the definition of SME will be based on which of the following? a.Financial Basis b.Classification Basis c. Man Power Basis d. Asset Basis

(18) Which of the following is the MOST important parameter to declare a business as a small business? 1. Number of workers 2. Share in the economy 3. Business turnover 4. Total assets (19) How the large and small sectors are interlinked? 1By fostering changes 2.By subcontracting 3 By sharing risk 4 By serving the same market

(20) According to Clifford Baum Back small business is one that; 1. Actively managed by its owner 2. Highly personalized 3. Largely local in its area of operation 4. All of the above (21) Peter Druker has the defined the entrepreneur in the year 1. 1980 2. 1982 3. 1985 4. 1990 (22) There are mainly __________ types of entrepreneurs. 1. Three 2. Four 3. Two 4. None of the above (23) The goal of recruitment is to _______________ the capable applicants towards the organization. 1. Discourage 2. Encourage 3. Select 4. None of the above (24) SMART stands for______________________________________________. (25) ASMED stands for_______________________________________________