Entrepreneurship Development Multiple Choice Questions1. To plane and manage all the resources of the organization —– systems are used Show
2. ERP systems set of generic processes, produce the dramatic improvements that they are capable of only when used to connect parts of an organization and integrate its various processes
seamlessly. 3. ERP packages were targeted at the manufacturing industry and consisted mainly of functions for —– and managing core business. 4. ERP was historically developed from the methods of —– 5. The attraction of information integration meant for —– 6. Application area of ERP markets are 7. Industry analysis is forecasting growth rates of ERP more than —– for at least the next five
years. 8. ERP stands for 9. ERP system gets the right information at the right time to the right people 10. ERP software also
provides for the analysis of an organization’s data for the purpose of 11. ERP is a collection of software programs which ties together all of an enterprise’s various functions 12. The main reason for the
popularity of ERP is the efficiency that an ERP system brings into an organization in the areas of —–that can be used for long-term planning. 13. An enterprise may be defined as an organization of people that uses technology and carries out predefined process to deliver 14. ERP provides support to the enterprise for achievement of it’s —– by building up an integrated system enabling planning and mgmt. of its resources. 15. ERP comprises a number of modules that permits flow of information seamlessly from one to another, avoiding redundant work and ensuring accuracy of data and instant
updation to assist decision making. 16. ERP does not follow back-office (Internal) and front-office concepts (external means customer-orientation) 17. An enterprise model is build around the following 4 productive resources. 18. Management information system is an open, purposive system that produces information using the —– 19. The elements of information system consists of —– 20. An information system is an
organized combination of people, hardware, software, communication networks and data resources that —–In an organization 21. Management Information system also called Information-reporting systems 22. MIS produce information products that support many of the —– decision making
needs of the management. 23. In ERP responses are produced by managers in the form of —– 24. CALS stands for 25. An Enterprise is a group of people with a common goal which has certain resources at its disposal to achieve that goal. 26. —– is one of the first activities in any ERP project 27. The information system must have the characteristics —– 28.In business modeling, we model the business as an integrated system, taking the processes managing its facilities and —– as a resources. 29. In ERP implementation, one of the most frequently asked questions is “How much is it going to cost” The answer is that 30.ERP provides decision making support system 31.ERP ensures material control
and helps in avoiding —– redundancy 32. ERP helps to ensure Quality, cash and fund mgmt to increase —– 33. —– allows the latest technological developments like internet / intranet, E-commerce. 34. ERP systems by virtue of their integrated nature and by the use of latest technologies like EDI reduce the —– time and make it possible for the organization to have the items at the time they are needed that is just in time inventory system. 35. EDI stands for —– 36. Using —– system, business can gain effective control over engineering change orders 37. The company can define the authorization steps for approving and implementing an Engineering change order (ECO) When these steps are completed, the —–system automatically
implements the change in the production database 38. ERP systems are designed to help your company —– by providing link between engineering and production information. 39. The ERP systems help in automating the task and make the
inventory mgmt more efficient and effective 40. EFT stands for —– 41. Resources included are ___, ___&materials and all the other things that are required to run the enterprises. 42. Integrity, Innovation & Initiative is a part of Three T – philosophy. 43. A —– is a network of facilities and distribution options that transform the function of procurement of materials, transformation of these materials into intermediate and finished goods? 44. OLAP can be defined in five words —– 45. —– is a way to —– the
data & processes of an organization into one single system. 46. OLAP is stands for on- line Analytical processing. 47. A DSS is designed to address —– & —– 48. The line dividing —– & —– is very thin. 49. —– is the process of identifying valid novel, —– useful and ultimately comprehensible information from databases that is used to make crucial business decision. 50. —– technology is being used in an increasingly wide range of application —– is refined data that is accurate timely & relevant to the user. 51. Supply chains exist in both —– & —– organizations, although the complexity of the chain may vary greatly from the industry to industry & firm to firm. 52. A —– defines the relationship of components to end items. An —– system requires three types of information, MPS, BOM, and IR. 53. —– system allows you to manage your stock on a quantity & value basis, plan enter & check any goods movements & carry
out —– inventory. 54. Goods movements include both —– movements & —– movements of inventory items. 55. —– products feature a sophistication & robustness unmatched by other business software
solution. The —– systems help in automating this task & thus make the inventory management more efficient & effective. 56. Which phase is the phase of real training? 57. “Seed Capital Scheme” is being operated by? 58. Calcutta “Y” Self- Employment Centre targets unemployed youths between? 59. In the 1995 – 96 periods what percentage of the total entrepreneurs were women entrepreneurs? 60. Why the majority of women are
unaware of technological developments? 61. Which of the following is a remedy to solve the problems of women entrepreneurs? 62. When was the “Yashaswini Programme” held in Mysore? 63. What is the analytical study of the end products and by-product can throw light on new product ideas? 64. Who manufactured “Sumeet” mixies to suit Indian conditions? 65. What can be defined as an attractive project idea which an entrepreneur accepts as a basis for his investment decision? 66. What is a two-way exchange process in which the needs and wants of the buyer and seller are satisfied? 67. Which phase starts after the investment decision is taken? 68. What provides all the necessary information of the unit proposed to be set-up for the manufacture of a product or rendering a service? 69. BEP = (F/(S-V)) x 100 70. Which statement gives a projection of future sources of cash and their applications? 71. In long term capital, the repayment of money is arranged for what time period? 72. Ownership capital is also known as? 73. To whom does the company pay interest? 74. When was the first SFC (State Financial Corporation) set up in Punjab? 75. When was Small Scale Industries Board constituted? 76. Which type of industrial estates is called conventional industrial estates? 77. Government industrial estates come under which type of classification? 78. Under Section 80J of the Income Tax act, 1961 new industrial undertakings are exempted from the payment of income tax on
their profits subject maximum of what percentage of their capital employed? 79. Rehabilitation allowance is granted under which section of the Income Tax Act, 1961? 80. When was the investment allowance introduced? 81. IPR stands for? 82. When was the policy titled” Policy Measures for Promoting and Strengthening and Supplementing Small, Tiny and Village Enterprises” tabled in the Parliament? 83. National Programme for Rural Industrialization has been announced with a mission to set up how many rural clusters every year? 84. “Quality is fitness for use or purpose” said by: 85. What refers to managing continuous improvement and does not
address any specific organizational level? 86. What is the fourth element involved in TQM? 87. What breeds personal initiative? 88. In which stage the business expands by way of opening its branches? 89. Which form of growth of the business is diversification? 90. When two or more enterprises merge into one to form a new enterprise, what is it
called? 91. ___ says that entrepreneurship is a ___ activity. 92. Which of the following is not a quality of a successful entrepreneur as specified by Mc Clelland? 93. The Institute of Entrepreneurship Development has trained around ___ youths in ___ programmes till 1987 April. 94. Madhya Pradesh Consultancy Organisation Ltd.
gives ___ and ___ training to entrepreneurs. 95. According to Frederick Harbison, which of the following is not a function of a women entrepreneur? 96. Which of the following is not a source of idea for an entrepreneur? 97. While doing a market survey for raw material availability, which of the following should be considered? 98. According to Peter Drucker, which of the following is not a kind of opportunity? 99. Debt-Service Coverage ratio = Net profit after tax + ___ + interest for one year/___ +
interest for one year 100. On the basis of permanence, the financial needs are classified into : 101. An optimum
capital structure can be defined as a financing mix incurring the ___ cost but yielding the ___ results. 102. The term “export finance” refers to ___ facilities and techniques of ___ at the pre-shipment and post-shipment stages. 103. On the basis of the organizational set – up, industrial estates are classified into: 104. In order to become eligible
for tax concession, the small scale industries need to employ at least ___ & ___ workers in a manufacturing process carried on with and without the aid of power respectively. 105. Section 80M of the Income Tax Act,1961, provides for deductions in respect of: 106. The IPR 1956 for SSI aimed at : 107. The main thrust
of the Seventh Plan was ___ and not ___. 108. Quality is a ___determination, not the ___ determination. 109.
TQM is a philosophy where the approach is ___ and ___. 110. Sub – contracting is a ___ beneficially ___ relationship between two companies. 111. ___ is a person responsible for setting up a business. 112. Entrepreneurship involves mobilizing the resources & combining them to initiate change in production. T/F 113. Entrepreneurs are Risk Bearers. T/F 114. The entrepreneur always introduces
something new or can be an imitator. T/F 115. Individual Entrepreneur and Institutional Entrepreneurs are different. T/F 116. Industrial Entrepreneur is a person who demonstrates his innovative skill in organizing a corporate undertaking. T/F 117. Entrepreneur of large scale business like Tata, Birla, Etc are Instigated Entrepreneur T/F 118. An induced Entrepreneur is one who is induced to take up an entrepreneurial activity due to policy measures of the government to start a new venture. T/F 119.An Entrepreneur is different from a manager T/F 120.Bank Overdraft is a source of short term Finance T/F 121. Trade Credits are a source of
Long term Finance T/F 122. Borrowing of large money at a rate of interest fairly higher than the actual rate of return on its capital employed is a cause of overcapitalization T/F 123. To reduce the claims of shareholders, debentures holders & creditors is a remedial measure for over-Capitalization. T/F 124. IFCW stands for ___ 125. EICI stands for___ 126. ECGC stands for ___ 127. SIDO stands for ___ 128. DIC stands for ______ 129. NIESBUD stands for ___ 130. XISS stands for ___ 131. MPCO stands for ___ 132. CYSEC stands for ___ 133. IDBI
stands for ___ 134. The term “Entrepreneur” has been derived from the word “entreprendre” which me 135. TCO stands for ___ 136. EGB stands for ___ 137. CED stands for ___ 138. SIET stands for ___ 139. RCF
stands for ___ 140. DGTD stands for ___ 141. IIC
stands for ___ 142. ICICI stands for ____ 143. Who toke the lead to extend financial assistance to small-scale industries 144. which act was passed by parliament on September 28,1951 145. The LIC was established under the LIC Act in 146. ____ Capitalization signifies a situation when an enterprise possesses an excess assets in relation to its requirement. 147. To split up the shares of the enterprise is a remedial measure for ___
Capitalization 148. TQI, SQM, TQC are various names for TQM. T/F 149 TQM & ISO 9000 both focus on customer satisfaction. T/F 150. Is Diversification a costly proposition? T/F 151. In which state of India, the standard of education
is highest? 152. “Seed Capital Scheme” has been operated by 153. An ___ in a tract of land which is subdivided and developed according to a comprehensive plan for the use of a community of industrial enterprises. 154. ___ signifies a situation when an enterprise process excess assets in relation to its requirement. 155. The small sector was classified into three categories by IRP 1977 156. Engineering expenses related to the business & legal charges are examples of ___ 157.
On the basis of organization set-Up, the following are the type of Industrial estate 158. Capital is arranged from Internal sources refers to the owner’s own money known as 159. _____ is usually done by a financial institution which besides making an analysis of cost & benefits of a proposed project assesses the project from the various aspects of an investment proposition before extending finance. 160.
According to Peter F. Drucker, there are three kinds of opportunities 161. EDP concentrates its attention to give motivation, awareness to all citizens & create favourable & healthy environment. T/F 162. The
manager needs to process distinct qualification and also bears all the risk involved in the enterprise. T/F 163. ___ is not the trait of entrepreneurs. 164. SIDO was established in. 165. IPR 1956 re-emphasized the spirit of IPR 1980. T/F 166.
IPR ___ initiated the modern SSI in India. 167.The main objective of setting up DICs was to promote under a single roof all the services & support required by small & village entrepreneurs. This scheme was introduced in May ___ 168. MODVAT is to shift the burden of excise taxation
away from inputs on to their final products. T/F 169. Diversification is an example of Internal growth strategy & Merger is an example of an External growth strategy. T/F 170. Which is not the content of the Project Report? 171. Entrepreneurship is a creative activity – Said by: 172. What is the hallmark of a successful entrepreneur? 173. Which type of entrepreneurs utilizes a chance to introduce a new technique or new product? Entrepreneurship Development Objective Questions with Answers Pdf DownloadWhat can be defined as an attractive project idea that an entrepreneur accepts as a basis for his investment decision?Entrepreneurial Opportunity: It may be defined as an attractive project idea which an entrepreneur accepts as a basis for his investment decision. Sensing Entrepreneurial opportunities: It is a process of people and society and finding at creative solutions.
What is an entrepreneur project?An entrepreneurial project is a tool used in executive programs that has three main objectives: stimulate the work of multifunctional and multi-disciplinary teams, assure networking and integration of professionals within the company, and promote a short-term return on the investment made.
Which type of entrepreneur utilizes a chance to introduce a new technique for new product?(a) Innovating Entrepreneurs: An innovating entrepreneur is one who introduces new goods, inaugurates new method of production, discovers new market and reorganizes the enterprise.
What are the 4 types of entrepreneurship development?Most often, the types of entrepreneurship are broken into four categories:. small business.. scalable startups.. large company or intrapreneurship.. social entrepreneurship.. |
What can be defined as an attractive project idea which an entrepreneur accepts as a basis for his investment decision?
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