1. A stronger incentive to leave a present lifestyle comes from a negative force that is called ___.
- Disruption ✔
- Innovation
- Entrepreneurship
- Marketing
2. According to McClelland’s need theory, entrepreneurs have a prime need of:
- Achievement ✔
- Power
- Affiliation
- Esteem
3. All the following characteristics exist in the firms having traditional culture EXCEPT:
- Established procedures ✔
- Lines of authority
- Control mechanisms
- Empowerment
4. Which one of the following does not belong to an internal locus of control?
- Self-motivation
- Accomplishment
- Power of influence
- Fate ✔
5. Which of the following has a formalized hierarchy of management structure?
- Managerial domain ✔
- Entrepreneurial domain
- Intrapreneurial domain
- Non-managerial domain
6. Giving patent rights in return of royalty to a foreign manufacturer is termed as:
- Franchising
- Licensing ✔
- Foreign direct investment
- Internationalization of patents
7. Which of the following creates an urge to start a new business:
- Family ✔
- Friend
- Teacher
- All of the given
8. Sparkle toothpaste introduces its toothpaste by making its powder obsolete, this acted is called:
- Creative construction
- Destructive obsolescence ✔
- Innovative destruction
- Creative destruction
9. The phenomenon of developing new products that over time make current products obsolete is called:
- Creative destruction
- New business
- Automation
- Destructive creation ✔
10. The merger of an ice cream company with a cotton spinning company this is an exact example of:
- Diversified merger
- Product merger ✔
- Market merger
- Vertical merger
11. The method of exchange without the involvement of money is termed as:
- Barter system ✔
- Goods trading
- Resource trading
- Resource exchange
12. In which of the following centuries entrepreneurs were not distinguished often from managers?
- 19th Century
- Middle ages ✔
- 20th Century
- 18th Century
13. A start-up firm based on research and development is rightly called as:
- Basic company
- Founder company ✔
- Foundation company
- High potential firm
14. “An entrepreneur is one who brings resources, labor, materials, and other assets into combinations that make their value greater than before” This view is of:
- Economists ✔
- Psychologists
- Sociologists
- Scientists
15. Which one of the following is the most valuable factor while bringing in the intrapreneurial culture within an organization?
- Technological
- Economical ✔
- Political
- Social
16. The successful intrapreneurs possess all the following individual characteristics EXCEPT:
- Understanding the environment
- Being visionary
- Being inflexible ✔
- Encouraging open discussion
17. Which of the following is a sound strategic option for an organization when its purpose is to get 100% ownership in international business operations?
- Mergers and acquisitions ✔
- Joint venture
- Minority interest
- Indirect exporting
18. A company’s act of introducing a new product with the intention to obsolete its previous product is coined as:
- Creative construction
- Creative destruction ✔
- Innovative destruction
- Destructive creation
19. Which of the following source of fund is mostly used by the female entrepreneur to start her own business:
- Foreign aid
- Bank loan
- Investor
- Personal savings ✔
20. Which of the following entity develop entrepreneurial infrastructure in order to help from new ventures?
- Bank
- Professional support network
- Family ✔
- Government
