MBA/MBA Entrepreneurship Management MCQ Set 6 Sample Test,Sample questions

Question:
A set of reasons for engaging in a particular behavior, especially human behavior is known as ________

1.Values

2.Vision

3.Entrepreneurship

4.Motivation


Question:
How does an organization creates value?

1.By knowing their customers well

2.By knowing their employees well

3.By knowing themselves well

4.By knowing their successors well


Question:
How does an Organization delivers value? Through

1.By knowing what business they are into?

2.By knowing what the World is doing?

3.By knowing what the World is doing?

4.By understanding the people around.


Question:
How should India or similar markets look at the future?

1.On the basis of Needs and Resources.

2.On the basis of pattern set by the developed markets.

3.On the basis of the neighboring markets

4.On the basis of the desire of the entrepreneurs.


Question:
In stage of responsibility allocation process the entrepreneur follows?

1.High centralized decision making process

2.Highly decentralized decision making process

3.Somewhat centralized decision making process

4.No particular standards


Question:
Japanese term “Kaizen” is close to ______

1.Product innovation

2.Process innovation

3.Business model innovation

4.None of the above


Question:
Looking at things with the innovative and innovation perspective India should be looking at the market growth with reference to products/areas of business/services like

1.Energy and Food

2.Entertainment

3.Shipping

4.Financial Management


Question:
One of the most important remedies of a business model failure is:

1.Consistency and Persistence of the organization and the leadership

2.Market Analysis

3.Competitor’s Analysis

4.Product analysis


Question:
Single largest factor associated with a Business Model Failure is:

1.Incoherence with the Business Environment

2.Unavailability of regular banking and finance support

3.Powerful Competition

4.Complacency of the Organization and the team


Question:
The development of a new venture based on an inventor’s work often requires _______

1.Expertise of an entrepreneur

2.Heavy investment from financers

3.Skilled Human resources

4.Highly educated staff


Question:
The importance of intellectual property should be understood by entrepreneur even before _____

1.Hiring a manager

2.Engaging an attorney

3.Developing a product

4.Establishing new venture


Question:
The typical _______ has a climate and reward system that favor conservative decision making.

1.Entrepreneurship culture

2.Corporate culture

3.Intrapreneurial culture

4.None of the above


Question:
The _______ plan shows whether the business is economically easible or not.

1.Financial

2.Business

3.Technical

4.Marketing


Question:
What is convergent thinking?

1.The process of creating many solutions to one problem.

2.The process of routine solutions to many problems.

3.The process of coming up with a logical, single best solution to a problem

4.The process of coming up with a logical solution to several problems.


Question:
What is not part of the design thinker's profile?

1.Empathy

2.Integrative Thinking

3.Creativity

4.Functionality Focus


Question:
What is the normal life a patent?

1.10 years

2.20 Years

3.25 Years

4.There is no fixed life.


Question:
What is the role of incubator in the process of entrepreneurship?

1.Incubator provides financial support to start up.

2.Incubator provides mentorship support.

3.Incubator provides networking opportunities with venture capitalists.

4.All of the above


Question:
Which of the following can be a source of curiosity?

1.Use of Social Media

2.5 G Mobile Technology

3.Packaging wastages

4.All of the above


Question:
Which of the following can not be a type of reward for encouraging innovation in your organization?

1.Putting a poster mentioning your achievement alongwith your photograph on main notice board of the company

2.Giving you a Cash prize of Rs1 million

3.Giving you a promotion to some different department or location

4.None of the above


Question:
Which of the following is a possible assumption to be validated in an experiment in the process of innovation?

1.Indian customers would enjoy buying product on line.

2.Indian customers would enjoy movies depicting India mythological characters.

3.Indian customers would pay for an email service for high level of data security.

4.All of the above


Question:
Which of the following is correct?

1.A Patent gives universal protection.

2.A Patent is a territorial protection.

3.A Patent is specific to an industry.

4.A patent is specific to an application.


Question:
Which of the following is correct?

1.Mind-set is the biggest barrier in the process of innovation.

2.External environment is a major barrier in the process of innovation.

3.“Many of us feel that innovation is not my cup of tea” – this is a major challenge in the process of innovation.

4.All of the above


Question:
Which of the following is correct?

1.Incubators are used for getting initial funding for startups.

2.Incubators are used for getting mentorship for startups.

3.Both (a) and (b) are false.

4.Both (a) and (b) are correct.


Question:
Which of the following is correct?

1.Uncertainty about future gives excitement to an innovator.

2.Prediction disability is a villain in the process of innovation.

3.Innovation is an adventurous process.

4.None of the above


Question:
Which of the following is correct?

1.In present times, the product life cycles are reducing.

2.In present times, the product life cycles are increasing.

3.In present times, uncertainty in business environment is reducing.

4.None of the above


Question:
Which of the following is correct?

1.Innovation starts with creativity.

2.Innovation begins with curiosity.

3.Innovation happens accidently.

4.All of the above


Question:
Which of the following is correct?

1.Maslow proposed a five stage need hierarchy model.

2.Maslow proposed three stages need hierarchy model.

3.Maslow divided human behaviour in two categories.

4.Maslow divided human behaviour in three categories.


Question:
Which of the following is correct?

1.Japanese manufacturing philosophy focuses on Cost minimization.

2.Japanese manufacturing philosophy focuses on innovation.

3.Japanese manufacturing philosophy focuses on quality with minimum cost.

4.All of the above


Question:
Which of the following is correct?

1.All ideas leading to innovation must go through the process of incubation.

2.All ideas leading to innovation must develop a prototype.

3.Both (a) and (b) are false.

4.Both (a) and (b) are correct.


Question:
Which of the following is correct?

1.“naïve perception” helps in improving our ability to see more things around us.

2.“naïve perception” helps in improving our ability to implement the idea.

3.“naïve perception” helps in creating harmonious environment for innovation.

4.All of the above


Question:
Which of the following is important in selection of an idea?

1.Novelty of idea

2.Ease of implementation of idea

3.Impact of idea

4.All of the above


Question:
Which of the following is not a characteristics of design thinking approach?

1.Rapid prototyping

2.Detailed analysis

3.Faster implementatio

4.None of the above


Question:
Which of the following is not a characteristics of systems thinking approach?

1.Point of leverage is to be identified.

2.It uses concept of silver bullet.

3.Theory of constraints is best suited for systems thinking.

4.None of the above


Question:
Which of the following is not a form of intellectual property?

1.Patent

2.Copyright

3.Cash in hand

4.Geographical Indicator


Question:
Which of the following is not a possible assumption to be validated in an experiment designed in the process of innovation?

1.Women are as hard working as men.

2.Women are as intelligent as men.

3.Women are as fearless as men.

4.All of the above


Question:
Which of the following is not correct with respect to “concept of challenge book”?

1.It helps in creating a template for recording various observations.

2.It helps in getting a readymade list of various problems which require innovative solution.

3.It is a record of impact created by different innovations.

4.None of the above


Question:
Which of the following is not correct?

1.In process of cocreation, customers and solution provider shares value.

2.In process of cocreation, focus shifts from problem loci to problem space.

3.Both (a) and (b) are false.

4.Both (a) and (b) are correct.


Question:
Which of the following is not correct?

1.Cocreation is a process which is used by innovators for getting new ideas.

2.Cocreation involves participation of customers in the process of solving a problem

3.Cocreation is possible in services and manufacturing.

4.None of the above


Question:
Which of the following is/are challenge(s) in the process of innovation?

1.Fear of failure

2.Unable to predict

3.Lack of resources

4.All of the above


Question:
Which of the following statements is not correct?

1.Divergent thinking works best for open ended problems.

2.Divergent thinking involves creativity.

3.Unlike convergent thinking, there is no single best correct answer in divergent thinking.

4.The process of divergent thinking is systematic and logical


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