Eps Class 12 Chapter 5 Objective
12th Entrepreneurship Chapter 5 Objective : Here you can find class 12th eps Objective questions for board exam 2022. Selection and Setting up of an Enterprise objective questions is very important for board exam 2022. eps class 12 chapter 5 objective question answer.
Selection and Setting up of an Enterprise
- Which of the following is not a problem of expansion of business ?
(a) Risk management
(b) Profit planning and expense control
(c) Price Policy
(d) Trend of Demand
Ans (d) Trend of Demand
- Requisites of successful enterprise are:
(a) Well defined organisational goals
(b) Effective planning
(c) Both (a) and (b)
(d) Neither (a) nor (b) above
Ans (c) Both (a) and (b)
- A successful entrepreneur must possess which quality?
(a) Leadership
(b) Control
(c) Innovation
(d) All of these
Ans (d) All of these
- Which of the following factors determines the form of business organisation ?
(a) Size
(b) Location
(c) Study
(d) None of these
Ans (a) Size
- …………… is defined as discovery of business opportunities.
(a) Marketing
(b) Innovation
(c) Promotion
(d) None of the above
Ans (c) Promotion
- …………. creates imperfection in the market which ultimately increases the volume of sales and profit.
(a) Promotion
(b) Innovation
(c) Both of the above
(d) None of the above
Ans (b) Innovation
- An entrepreneur prefers which form of organisation if production is to be undertaken on small scale basis ?
(a) Sole Trade
(b) Partnership
(c) Company
(d) None of the above
Ans (a) Sole Trade
- How will you formulate general plan of business ?
(a) By production planning
(b) By cost planning
(c) By Financial Planning
(d) By doing all of the above
Ans (d) By doing all of the above
- What creates imperfection in the market which ultimately increases the volume of sales and profit ?
(a) Innovation
(b) Promotion
(c) Marketing
(d) None of the above
Ans (a) Innovation
- What are the things that enterprise do ? The paths they follow and the decision they take in order to reach certain points and levels of success.
(a) Production
(b) Distribution
(c) Marketing
(d) Strategies
Ans (d) Strategies
- Out of the following which is defined as discovery of business opportunities ?
(a) Product
(b) Promotion
(c) Marketing
(d) Production
Ans (b) Promotion
- The point which considered while selecting an enterprise is :
(a) Product
(b) Marketing
(c) Availability of Capital
(d) None of the above
Ans (c) Availability of Capital
- Easy in formation is:
(a) Sole Trading
(b) Partnership Firm
(c) Joint Stock Company
(d) None of the above
Ans (a) Sole Trading
- Selection of an enterprise depends on :
(a) Environment
(b) Self ability of an entrepreneur
(c) Right of entrepreneur
(d) None of these
Ans (c) Right of entrepreneur
- Which aspect or aspects are to kept in mind for preliminary screening ?
(a) Consistency with government priorities
(b) Compatibility with promoter
(c) Availability of input
(d) All of the above
Ans (d) All of the above
- The factors to be kept in mind while establishing an enterprise are:
(a) Selection of business
(b) Size of the unit
(c) Financial propositions
(d) All of the above
Ans (d) All of the above