4/16/23, 8:03 PM 2nd Module Assessment

Dashboard / My courses / 2 Sem 4_ENTR301 / Module II Environmental Monitoring and Importance of Business Idea

/ 2nd Module Assessment

Question 1

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Marked out of 1.00

Changes which take place in environment

a. Affect all businesses in similar manner

b. Do not affect at all.
c. Affect all businesses in different manner
d. Affect all businesses in different manner
Clear my choice

Question 2

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Entrepreneurs can recognize problems and find ways to solve them through each of the following EXCEPT

a. recognizing problems in emerging trends.

b. identifying a currently available product or service and then building a business around a better version.
c. framing a problem differently than it's been thought of before, and then proposing an appropriate solution.
d. experiencing a problem in one's own life, and then realizing the solution represents a business opportunity.
Clear my choice

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4/16/23, 8:03 PM 2nd Module Assessment

Question 3

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The surroundings of business enterprise which have impact on the growth of business is called-

a. Environment
b. Surroundings
c. Both (a) and (b)
d. None of these
Clear my choice

Question 4

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An entrepreneur has an amalgamation of-

a. Thinking Ability, creativity, critical thinking, analytical abilities and originality.

b. Aptitude for Human Relations
c. Communication Skills.
d. Financial Ability
Clear my choice

Question 5

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Which of the following shows the process of creating something new?

a. Business model
b. Modelling
c. Creative flexibility
d. Innovation
Clear my choice


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4/16/23, 8:03 PM 2nd Module Assessment

Question 6

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Entrepreneurship Development Program is helpful for-

a. Existing Entrepreneurs
b. Future generation entrepreneurs
c. First-generation entrepreneurs
d. None of the above
Clear my choice

Question 7

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EDP’s course contents contain ___________.

a. General introduction to entrepreneurs

b. Motivation training.
c. Managerial skills
d. All the above
Clear my choice

Question 8

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Which of these is not a category of external forces that affects a business?

a. Competitive forces
b. Organisational mission and values
c. Economic forces
d. Socio-economic forces
Clear my choice


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4/16/23, 8:03 PM 2nd Module Assessment

Question 9

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Marked out of 1.00

Which one of the following is an advantage of the small firm in the innovation process?

a. Ability of the entrepreneur to carry out multiple tasks

b. Ability to raise finance
c. Ability to carry out R&D
d. Ability of the entrepreneur to act on new ideas or product development
Clear my choice

Question 10

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__________ is the response of a person or an organization to solving an identified problem or to meeting perceived needs.

a. Business plan
b. Business idea
c. Feasibility study
d. None of these
Clear my choice

Question 11

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Marked out of 2.00

___________ are often considered the foundation of a start-up venture

a. Capital
b. Premises
c. Idea
d. Buildings
Clear my choice


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4/16/23, 8:03 PM 2nd Module Assessment

Question 12

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Marked out of 2.00

“Great ideas are not the problem: Implementing them is”. It is-

a. Misconception related to the business idea

b. Neither misconception nor reality
c. Reality related to business idea
d. Only 1 and 2
Clear my choice

Question 13

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Marked out of 2.00

Which one of the following is not involved in Entrepreneurship Development Programme (EDP)

a. Identification of entrepreneurs for training

b. Selection of entrepreneurs for training
c. Developing entrepreneurial capabilities
d. Arranging infrastructural facilities
Clear my choice

Question 14

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Marked out of 2.00

Allan is of the view that successful entrepreneur’s approach to idea generation as the top priority activity by devoting a
sufficient period of time to it.

a. Agree
b. Partially agree
c. Don't agree
d. None of these
Clear my choice 

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4/16/23, 8:03 PM 2nd Module Assessment

Question 15

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Marked out of 4.00

Which of the following are motivations for pursuing an entrepreneurial career?

a. Being my own boss, managing my own time and enjoying the benefits of my own labour
b. In my country, successful entrepreneurs enjoy high social status, respect and appreciation of others.
c. Wishing to have a safe and stable career, while not worrying about my income each month/year.
d. Inventing a new technology and seeking to perfect its technical development.
Clear my choice

Question 16

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Marked out of 4.00

Innovation can best be defined as_______.

a. the generation of new ideas

b. the evolution of new ideas
c. the opposite of creativity
d. the successful exploitation of new ideas.
Clear my choice

Question 17

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Marked out of 4.00

What is the link between innovation and entrepreneurship?

a. Both innovation and entrepreneurship are two different labels describing the same thing launching new
businesses
b. Entrepreneurs use innovation processes for gaining strategic advantage in markets, by creating and exploiting
change situations as opportunities for value creation
c. Innovation is necessarily the way by which entrepreneurs create new organizations
d. Entrepreneurs drive innovation in an attempt to change conditions in markets, as part of endless cycles of 
creative destruction.
Clear my choice

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4/16/23, 8:03 PM 2nd Module Assessment

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