Mid-term Assessment - Enterpreneurship

25 Questions | Total Attempts: 144

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Mid-term Assessment - Enterpreneurship

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Questions and Answers
  • 1. 
    Entrepreneur is someone who__________________.
    • A. 

      Starts and operates a business venture

    • B. 

      Sell out stuff

    • C. 

      Provide loans to others

    • D. 

      None of the above

  • 2. 
    Personal qualities of an entrepreneur are __________________________.
    • A. 

      Curiosity

    • B. 

      Creativity

    • C. 

      Willingness to learn

    • D. 

      All of the above

  • 3. 
    What does ‘O’ stand for in SWOT?
    • A. 

      Opposite

    • B. 

      Opportunity

    • C. 

      Opposition

    • D. 

      None of the above

  • 4. 
    A company wants to sell goods in a small town market. The location is good for the company but there are rising costs associated with the product they want to manufacture. Rising costs will be a _______________________.
    • A. 

      Strength

    • B. 

      Opportunity

    • C. 

      Weakness

    • D. 

      Threat

  • 5. 
    Which of the following will help with employee motivation?
    • A. 

      Give an employee a role that suits their aptitude

    • B. 

      Celebrate achievements

    • C. 

      Use appropriate modes of communication

    • D. 

      All of the above

  • 6. 
    While setting goals for yourself, you must ensure they are ___________________.
    • A. 

      Measurable

    • B. 

      Relevant

    • C. 

      Time-bound

    • D. 

      All of the above

  • 7. 
    Telephone etiquette includes _______________________.
    • A. 

      Speaking fast and quickly

    • B. 

      Delaying your response to messages

    • C. 

      Using the speaker phone frequently

    • D. 

      Leaving a clear message with name and phone number

  • 8. 
    Which of the following is an indicator of service quality?
    • A. 

      Credibility

    • B. 

      Liability

    • C. 

      Body Language

    • D. 

      Type of product sold

  • 9. 
    Which part of a Business letter is the opening of a letter addressing the recipient?
    • A. 

      Enclosure

    • B. 

      Closing

    • C. 

      Salutation

    • D. 

      Date

  • 10. 
    _____________________ is the process of determining and accumulating the cost of a particular activity.
    • A. 

      Financial Accounting

    • B. 

      Management Accounting

    • C. 

      Cost Accounting

    • D. 

      None of the above

  • 11. 
     Which of the following must be considered while setting prices?
    • A. 

      Competition

    • B. 

      Customer

    • C. 

      Costs

    • D. 

      All of the above

  • 12. 
     What should an entrepreneur keep in mind while making presentations?
    • A. 

      They should be general in nature.

    • B. 

      They should not have any of your ideas.

    • C. 

      They should be made according to the time available.

    • D. 

      None of the above

  • 13. 
    ______________ is a component of a production plan.
    • A. 

      Social Factors

    • B. 

      Credit Strategy

    • C. 

      Basic stages of production

    • D. 

      Prospective Customers

  • 14. 
     _______________is defined as the process of determining the money for which your service or product will sell.
    • A. 

      Costing

    • B. 

      Pricing

    • C. 

      Manufacturing

    • D. 

      Accounting

  • 15. 
     _____________________ Concept assumes that all business transactions must be in terms of money that is in the currency of a country.
    • A. 

      Accrual

    • B. 

      Duality Aspect

    • C. 

      Business Entity

    • D. 

      Money Measurement

  • 16. 
    One of the objectives of maintaining occupational health is improving the working environment of the workers. 
    • A. 

      True

    • B. 

      False

  • 17. 
    Achieving organisational growth requires only periodic improvements. 
    • A. 

      True

    • B. 

      False

  • 18. 
    An effective and fair recognition and awards system boosts employee morale. 
    • A. 

      True

    • B. 

      False

  • 19. 
    Making a mental note of things rather than writing them down helps manage time.
    • A. 

      True

    • B. 

      False

  • 20. 
    Long term benefits of maintaining occupational health and safety include less staff absenteeism.
    • A. 

      True

    • B. 

      False

  • 21. 
    In a real account what goes in is called debit.
    • A. 

      True

    • B. 

      False

  • 22. 
    In a personal account the receiver is debited.
    • A. 

      True

    • B. 

      False

  • 23. 
    While planning growth and expansion of your organisation it is important to assess the risks of growth.
    • A. 

      True

    • B. 

      False

  • 24. 
    Flexibility to provide the customer with an alternative is not important for good customer delivery.
    • A. 

      True

    • B. 

      False

  • 25. 
    Punctuality and ability to meet deadlines is important to boost productivity.
    • A. 

      True

    • B. 

      False

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