1. The UK government has implemented a number of policies to encourage Entrepreneurship in
schools. One such initiative is ______________.
a) Young Enterprise.
b) Youth venture.
c) Young Business.
d) Young Initiative.
2. Innovation can best be defined as ______________.
a) the successful exploitation of new ideas.
b) the evolution of new ideas.
c) the opposite of creativity.
d) the generation of new ideas.
3. Which of the following statements is false?
a) Market segmentation is a useful process for small businesses to undertake.
b) Selling is essentially a matching process.
c) A benefit is the value of a product feature to a customer.
d) It is a good idea for small businesses to compete solely on price.
4. To provide financial assistance to entrepreneurs the government has set up a number of
______________
a) financial advisors.
b) financial intermediaries.
c) Industrial estates.
d) financial institutions.
5. IFCI has been converted into a ______________.
a) joint stock company.
b) co-operative society.
c) partnership firm.
d) sole proprietorship.
6. TIIC is sponsored by the ______________.
a) Government of Karnataka.
b) Government of Andhra Pradesh.
c) Government of Kerala.
d) Government of Tamil Nadu.
7. ______________ can be defined as a specifically evolved work plan densed to achieve a specific
objective within a specific period of time
a) Idea generation.
b) Opportunity Scanning.
c) Strategy
d) Project.
8. The term ______________ denotes bonus or financial aid which is given by a government to an
industry to help it compete with other units
a) Incentive.
b) Subsidy.
c) Concession
d) Bounty.
9. ______________ is a graphical representation of the various activity and event relating to a project.
a) Network analysis.
b) Scheduling technique.
c) Logical Model.
d) Network Diagram
10. ______________ is an event-oriented approach.
a) CPM.
b) GERT.
c) WASP.
d) PERT.