ep unit 7

Hi, PARUL P. When you submit this form, the owner will see your name and email address.
1.The most basic resources, for any enterprise are:
a) Land
b) Labour
c) Capital
d) Energy

(1 Point)
a and b
a, b and c
all of the above
none of the above
2.Resource mobilization advocates upon having the right type of resource, at
the right
time, at right ________ with making right use of acquired resources thus
ensuring optimum
utilization of the same.n
(1 Point)
price
place
quality
none
3.______________  is the difference between the value of the tangible assets of
the business and the actual value of the business.
(1 Point)
goodwill
reputation
brands
intellectual property
4.The human resources required by an enterprise can be broadly classified as
follows:
(1 Point)
managerial and technical
managerial and non managerial
managerial, non managerial, professional & others
none of the above
5.The requirement of resources depends upon:
(a) Nature of activity
(b) Size of activity
(c) Product specification
(d) Type of business activity
(1 Point)
(a) and (b)
(a), (b) and (c)
(b) and (d)
(a), (b), (c) and (d)
6.______________ resources are those that are made by human through his
abilities and skills. They
are available to an organisation in the form of buildings, plants, machineries
etc. required
for running of an enterprise.
(1 Point)
Physical
Human
Material
Intangible
7.__________________ service is an industry of technical or unique functions
performed by independent contractors and consultants, whose occupation is
the rendering of such service. 
(1 Point)
administrative
technical
professional
others
8.A period, where finance is required for more than one year but less than 5
years, is called _________ term requirement, to meet especially modernization
requirements.
(1 Point)
short
medium
long
none of the above
9.'Right ________ at right _______ at the right ________'— is the mantra for
successful enterprises.
(1 Point)
 man, job, time
qualification, time, man
job, man, skills
none of the above
10.___________  resources may be thought of as "the total knowledge skills,
creative abilities, talents and aptitudes of an organizations workforce as well as
the values, attitudes & benefits of an individual involved."
(1 Point)
Human
Financial
Material
Managerial
11.To successfully convert raw material into finished products with value
addition, a wide arrange of arrangements need to be worked out by
entrepreneur. The above refers to which of the category of resources?
(1 Point)
physical
financial
intangible
material
12.A careful selection of physical resources is essential because many allied
issues are influenced by the '___________', selected, such as:
(1) Capital Cost
(2) Access to other resources
(3) Transport and Communication Cost
(4) Availability of manpower and its cost (wages, salaries)
(5) Availability of other utilities like water, gas, fuel etc.
(6) Access to market for both raw material and finished goods

(1 Point)
production process
place
technology
staff
13.This constitutes of people who have technological expertise and are
frequently required for machinery selection, installation, supervision and
operation.
(1 Point)
trained technical manpower
 administrative manpower
professional manpower
all of the above
14.________________ is the direction and scope of an organisation over the long-
term; which achieves advantage for the organisation through its configuration
of resources within a challenging environment, to meet the needs of markets
and to fulfill stakeholder expectations. Johnson and Scholes.
(1 Point)
Procedure
Marketing methods
Strategy
Objective
15.An economic or productive factor required to accomplish an activity, or as a
means to
undertake an enterprise and achieve the desired outcome is referred as
__________.
(1 Point)
Capital
Resource
Reserves
None
16.These resources are neither felt nor seen, far from being touched or
preserved but helps immensely in providing a strong foothold to enterprise. 
(1 Point)
physical
human
financial
intangible
17.Mobilisation of resources is a process involving various steps. Arrange the
steps in correct order.
(i) effective communication with the suppliers of resources.
(ii) locate the availability of resource.
(iii) identify the type o resource.
(iv) evaluate and judge the need for resource.
(1 Point)
(i), (ii), (iii), (iv)
(ii), (i), (iii), (iv)
(iii), (ii), (i), (iv)
(iv), (iii), (ii), (i)
18.In order to build up loyal, efficient and dedicated personnel, the
entrepreneur needs to assess:
What kind of people does he/she need? and ______________.

(1 Point)
What qualification / skills people does he/she need?
At what cost does he/she need?
When does he/she need?
How many people does he/she need?
19.The following are the examples of _____________ funds.
(i) Equity capital
(ii) Preference capital
(iii) Margin money/seed money
(1 Point)
owners
borrowed
debt
business
20.It will not be incorrect to elucidate _____________ as "lubricant to the process
of production" or "lifeblood of enterprise" or "whoever has the gold makes the
rule".
(1 Point)
business
finance
research
none of the above
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