Assignment -3

Student USN: 231VMBR01246

Student Name :Devarapalli Madhu Mohan Reddy

Subject : 23VMB0C201 - ENTREPRENEURSHIP

Although the Breakeven Point is calculated in Units, it is not of any meaning to the investor. The Break
1.
Even Point is expressed to the investors in which of the following terms?
A. Units such as numbers
B. Period such as months
C. Rupees or dollars
D. Number of employees left the organization
Correct Answer : B | Selected Answer : B
Financial Plan is one of the important documents for an entrepreneur. Which one of the following is NOT a
2.
component of a Financial Plan?
A. Cash flow statement
B. P & l statement
C. Market breakup
D. Balance sheet
Correct Answer : C | Selected Answer : C
Break Even Point is calculated in two ways- The graphical method and calculation method. The break-even
3.
point is calculated in which of the following terms?
A. Units such as numbers
B. Period such as months
C. Rupees or dollars
D. Number of employees left the organization
Correct Answer : A | Selected Answer : C
In any growing economy, entrepreneurship as a career is gaining importance. Identify from the following
4.
what favors entrepreneurship.
A. Business Environment
B. Latest Technology
C. Financial Institutions
D. Politics
Correct Answer : A | Selected Answer : C
5. What do you call the Facts and Figures gathered from previous market reports?
A. Primary data
B. Support data
 C. Secondary data
D. Seasonal data
Correct Answer : C | Selected Answer : C
6. All kinds of support and initial hand holding is provided to the entrepreneurs by which of these options?
A. Incubation centers
B. Innovation centers
C. Information centers
D. Instruction centers
Correct Answer : A | Selected Answer : B
7. Salary of top level managers is included under which heading?
A. Administrative expenses
B. Operating expenses
C. Total expenses
D. Gross expenses
Correct Answer : A | Selected Answer : C
Ignoring business risks and the entrepreneur not being proactive in dealing with unforeseen risks. What
8.
could be the result of this?
A. Success of B plan
B. Failure of B plan
C. Writing of B plan
D. Drafting of B plan
Correct Answer : B | Selected Answer : B
Any entrepreneur has the main objective of creating, communicating and delivering customer value.
9.
Customer Value is defined as the ratio of which two factors?
A. Output to Input
B. Effectiveness to Efficiency
C. Benefit to Cost
D. Quality to Quantity
Correct Answer : C | Selected Answer : B
The two major costs in any organization are the fixed costs and the variable costs. Direct Materials and
10.
Direct Labor are part of which of the following costs?
A. Fixed Costs
B. Variable Costs
C. Semi Fixed Costs
D. Semi Variable Costs
Correct Answer : B | Selected Answer : B
 Entrepreneurs go for different types of investments in different stages of their enterprise. Entrepreneurs
11.
usually go in for an IPO in which of the following stages?
A. In the seed funding stage
B. In the idea stage
C. In the growth stage
D. In the decline stage
Correct Answer : C | Selected Answer : B
12. Travelling expenses of sales staff are categorized under which heading?
A. Indirect - selling expenses
B. Indirect - office expenses
C. Indirect - maintenance expenses
D. Indirect - financial expenses
Correct Answer : A | Selected Answer : C
Marketing Mix consists of many elements. Which one of the following is NOT one of the Marketing Mix
13.
elements?
A. Product
B. Place
C. Purpose
D. Price
Correct Answer : C | Selected Answer : A
There are several characteristics of a sound financial plan. Which one of these is NOT a characteristic of a
14.
sound financial plan?
A. As complex as possible
B. Must cover overall objectives of the organization
C. Able to procure funds at the lowest cost
D. Easily understood by most stakeholders
Correct Answer : A | Selected Answer : D
15. Managers spend 10% of their time in strategic decisions in which type of environment?
A. With outsourcing
B. Without outsourcing
C. With insourcing
D. Without insourcing
Correct Answer : B | Selected Answer : C
16. The difference between revenues received and COGS is termed as:
A. Gross turnover
B. Gross sales
C. Gross profit
 D. Net profit
Correct Answer : C | Selected Answer : C
In early days, the price for most items were decided by the manufacturers or service providers. The price
17.
for most items today is determined by which of the following?
A. The Entrepreneur
B. Consultant
C. Market Forces
D. VP Finance
Correct Answer : C | Selected Answer : B
There are several forms of business ownership. One such form involving partners is called LLP. What is
18.
the full form of LLP ?
A. Limited licensing pattern
B. Licensed limited proprietorship
C. Licensed liability proprietorship
D. Limited liability partnership
Correct Answer : D | Selected Answer : B
Operations Plan is also equally important component of a B Plan. Which one of the following is NOT an
19.
important factor in Operations Plan?
A. Productivity
B. Repeatability
C. Quality
D. Cost
Correct Answer : B | Selected Answer : B
Product Mix decisions are one of the important decisions for an entrepreneur. Which one of the following
20.
is NOT an element of Product Mix?
A. Length
B. Area
C. Width
D. Depth
Correct Answer : B | Selected Answer : C
There are three extended Ps of Services Marketing. Which is NOT one of the three extended Ps of
21.
Services Marketing?
A. Physical Evidence
B. Physical Space
C. Process
D. People
Correct Answer : B | Selected Answer : C
 One of the very important documents that helps the entrepreneur to know about his business performance
22.
is a balance sheet. What does a Balance sheet depict?
A. Profit and loss
B. Flow of funds
C. Assets and liabilities
D. Bank balance
Correct Answer : C | Selected Answer : C
Maruti produced Five Lakh Cars in 2020. The total number of cars produced by all manufacturers in 2020
23.
was 20 Lakhs. Maruti enjoyed 25% in one of the aspects given. How can this number/figure be denoted?
A. Share price
B. Market share
C. Market capitalization
D. Market growth
Correct Answer : B | Selected Answer : B
Before an entrepreneur takes decision whether to produce inside the plant or buy from a supplier, the cost
24.
consideration is of paramount importance. Which is the cost to be considered in Make or Buy decisions?
A. Material Cost
B. Total Cost of Ownership(TCO)
C. Processing cost
D. Overhead cost
Correct Answer : B | Selected Answer : B
Entrepreneurs indulge in a process of dividing the total target market into homogeneous group of
25.
customers. What is this process called ?
A. Market size
B. Market share
C. Market capitalization
D. Market segmentation
Correct Answer : D | Selected Answer : C
A successful entrepreneur who organizes and coordinates all factors of production for a purposeful goal is
26.
called:
A. Pivot
B. Pioneer
C. Pilot
D. Prerogative
Correct Answer : C | Selected Answer : C
Entrepreneurs can get initial support from different incubator sources. Which one of the following is NOT
27.
one of the types of Incubator?
A. Educational institution sponsored
 B. Corporate organization sponsored
C. Government sponsored
D. FDI sponsored
Correct Answer : D | Selected Answer : C
28. What would you call the process of dividing the total target market into homogeneous group of customers?
A. Market Size
B. Market Share
C. Market Capitalization
D. Market Segmentation
Correct Answer : D | Selected Answer : C
29. A marketing plan has various components. Which one of the following is not a part of the Marketing Plan?
A. Customer profile
B. Target markets
C. Employees profile
D. Promotion strategies
Correct Answer : C | Selected Answer : C
30. In what stage does an entrepreneur adopt Bootstrapping to raise funds?
A. In the initial stages
B. In the idea stage
C. In the growth stage
D. In the decline stage
Correct Answer : A | Selected Answer : C