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Test: Practice Questions - 2 - CAT MCQ


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20 Questions MCQ Test CMAT Mock Test Series - Test: Practice Questions - 2

Test: Practice Questions - 2 for CAT 2024 is part of CMAT Mock Test Series preparation. The Test: Practice Questions - 2 questions and answers have been prepared according to the CAT exam syllabus.The Test: Practice Questions - 2 MCQs are made for CAT 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Practice Questions - 2 below.
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Test: Practice Questions - 2 - Question 1
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What is an elevator pitch?

Detailed Solution for Test: Practice Questions - 2 - Question 1
An elevator pitch is a succinct and persuasive speech used to spark interest in what your organization does. It's called an elevator pitch because it's supposed to be short enough to present during a brief elevator ride. The goal is to communicate the value of your idea or business quickly and effectively. An interesting fact is that the concept is widely used by entrepreneurs to pitch their startups to investors in a concise manner.
Test: Practice Questions - 2 - Question 2
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Self-actualisation needs on the job are fulfilled by:

Detailed Solution for Test: Practice Questions - 2 - Question 2
Self-actualization needs refer to the realization of one's potential, talents, and abilities. On the job, these needs are fulfilled through opportunities for growth, creativity, and achieving personal goals, rather than through hard work, quality products, or training alone. An interesting fact about self-actualization is that it represents the highest level in Maslow's hierarchy of needs, where the focus shifts from basic needs to achieving one's full potential.
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Test: Practice Questions - 2 - Question 3
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Ethos Pathos Logos are tools used for:

Detailed Solution for Test: Practice Questions - 2 - Question 3
Ethos, Pathos, and Logos are rhetorical strategies used for persuasion, originating from Aristotle's teachings. Ethos appeals to ethics, Pathos to emotion, and Logos to logic. These tools are foundational in the art of convincing others of your viewpoint. An interesting additional fact is that these strategies are not only used in public speaking but also widely in advertising, marketing, and any form of communication aiming to influence.
Test: Practice Questions - 2 - Question 4
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According to sociological approach, entrepreneurship:
Detailed Solution for Test: Practice Questions - 2 - Question 4
From a sociological perspective, entrepreneurship encompasses the process of sensitivity to societal needs, role performance in economic activities, and facilitating economic change. This approach highlights how entrepreneurs play a crucial role in responding to social needs, performing specific economic roles, and driving economic transformation. An interesting fact is that the sociological approach underscores the importance of the social and cultural context in shaping entrepreneurial ventures.
Test: Practice Questions - 2 - Question 5
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Which of the following attitudes is not generally associated with successful entrepreneurship:
Detailed Solution for Test: Practice Questions - 2 - Question 5
Maintaining the status quo in business is not typically associated with successful entrepreneurship. Successful entrepreneurs often challenge existing norms and seek to innovate, improve products, and influence their industry or market. They are characterized by a willingness to take risks and a desire to change or disrupt the status quo. An interesting additional fact is that many successful entrepreneurs are known for their forward-thinking and continuous pursuit of innovation.
Test: Practice Questions - 2 - Question 6
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The attitude of Indian Government Machinery towards entrepreneurial development programme is:
Detailed Solution for Test: Practice Questions - 2 - Question 6
The Indian Government Machinery has a constructive attitude towards entrepreneurial development programs. It supports and promotes such initiatives through various policies and schemes to boost innovation, economic growth, and employment. An interesting additional fact is that the government often collaborates with various organizations and institutions to provide resources, training, and financial assistance to budding entrepreneurs.
Test: Practice Questions - 2 - Question 7
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The function of entrepreneur are:
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The functions of an entrepreneur encompass imagining a business idea, studying project feasibility, and setting up the enterprise. Entrepreneurs are integral to the creation, development, and implementation of business ventures, combining innovation, risk-taking, and management to bring their ideas to life. An interesting additional fact is that entrepreneurs also play a key role in economic development by creating jobs and introducing new products or services to the market.
Test: Practice Questions - 2 - Question 8
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Which of the following sentence is not a characteristic of entrepreneurship:
Detailed Solution for Test: Practice Questions - 2 - Question 8
Managerial training, while beneficial, is not a defining characteristic of entrepreneurship. The core characteristics of entrepreneurship include risk-taking, innovation, and engaging in creative activities to develop and market new products or services. Entrepreneurship is more about the drive and ability to start and grow businesses than about having formal training in management. An interesting additional fact is that many successful entrepreneurs have learned management skills on the job, through experience rather than formal education.
Test: Practice Questions - 2 - Question 9
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An entrepreneur is:
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The debate on whether entrepreneurs are born or made suggests that it's a combination of both. While some individuals may possess innate qualities conducive to entrepreneurship, such as creativity and risk tolerance, many essential skills can be learned and developed over time. This blend of inherent traits and acquired skills contributes to entrepreneurial success. An interesting fact is that many entrepreneurship development programs are designed with the belief that while innate qualities can give an edge, the majority of entrepreneurial skills can be taught.
Test: Practice Questions - 2 - Question 10
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Entrepreneurship fails to lead:
Detailed Solution for Test: Practice Questions - 2 - Question 10
Entrepreneurship can successfully lead to the creation of partnership firms, new corporate divisions, and new subsidiary ventures. The essence of entrepreneurship lies in the identification, evaluation, and exploitation of opportunities, which can occur within various organizational structures and business models. An interesting additional fact is that entrepreneurship within established companies, known as intrapreneurship, can lead to significant innovation and growth through new corporate divisions or subsidiaries.
Test: Practice Questions - 2 - Question 11
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Social and economic development of a Nation is the result of:
Detailed Solution for Test: Practice Questions - 2 - Question 11
Entrepreneurs play a vital role in the social and economic development of a nation by creating jobs, fostering innovation, and stimulating economic growth. Through their ventures, entrepreneurs contribute to the diversification of the economy and the development of new markets. An interesting additional fact is that entrepreneurship is often encouraged by governments through policies and programs as a way to accelerate development and reduce unemployment.
Test: Practice Questions - 2 - Question 12
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The future of entrepreneurial in India is:
Detailed Solution for Test: Practice Questions - 2 - Question 12
The future of entrepreneurship in India is considered bright due to the country's growing economy, increasing support for startups, and a large and young population with innovative ideas. The government and various private sector initiatives provide a supportive ecosystem for entrepreneurs. An interesting additional fact is that India has become one of the fastest-growing startup ecosystems in the world, with numerous success stories in technology, e-commerce, and other sectors.
Test: Practice Questions - 2 - Question 13
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Entrepreneurial Development Institute of India was established by:
Detailed Solution for Test: Practice Questions - 2 - Question 13
The Entrepreneurial Development Institute of India (EDII) was established by the Gujarat Government to promote entrepreneurship through education, research, and training. EDII plays a pivotal role in fostering entrepreneurial attitudes and skills. An interesting additional fact is that EDII has contributed significantly to policy formulation and entrepreneurial ecosystem development, not only in Gujarat but across India and even internationally.
Test: Practice Questions - 2 - Question 14
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Entrepreneurship is ensured by:
Detailed Solution for Test: Practice Questions - 2 - Question 14
Entrepreneurship is most commonly associated with small firms, where innovative ideas and new business models are frequently developed and tested. Small firms are agile and adaptable, allowing them to innovate and disrupt existing markets. An interesting additional fact is that many of today’s largest and most successful companies began as small entrepreneurial ventures, highlighting the significant impact that small firms can have on the economy and society.
Test: Practice Questions - 2 - Question 15
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Entrepreneurial Development Programme provides:
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Entrepreneurial Development Programmes (EDPs) are designed to provide self-employment opportunities, education and training, and skill enhancement. They aim to equip individuals with the entrepreneurial mindset and competencies required to initiate and manage successful business ventures. An interesting additional fact is that EDPs often focus on practical experiences and case studies to prepare participants for the real-world challenges of entrepreneurship.
Test: Practice Questions - 2 - Question 16
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In India, entrepreneurial development programme is:
Detailed Solution for Test: Practice Questions - 2 - Question 16
Entrepreneurial development programs are necessary in India to foster a culture of innovation and entrepreneurship, which are key drivers of economic growth and job creation. These programs provide entrepreneurs with the skills, knowledge, and resources needed to start and grow their businesses. An interesting additional fact is that such programs have led to the success of numerous startups and have contributed to India's position as a global innovation hub.
Test: Practice Questions - 2 - Question 17
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Maslow’s Hierarchy of needs theory is governed by the fact that:
Detailed Solution for Test: Practice Questions - 2 - Question 17
Maslow's Hierarchy of Needs theory posits that people are universally motivated by a series of needs, from basic physiological needs to higher-order needs like self-actualization. This theory suggests that as basic needs are satisfied, individuals move up the hierarchy to fulfill higher-level needs. An interesting additional fact is that Maslow's theory has been applied in various fields, including psychology, business, and education, to understand motivation and behavior.
Test: Practice Questions - 2 - Question 18
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Entrepreneurship fails to lead:
Detailed Solution for Test: Practice Questions - 2 - Question 18
Entrepreneurship does not fail to lead any of the given options. Entrepreneurial efforts can successfully create partnership firms, new corporate divisions, and new subsidiary ventures. The essence of entrepreneurship is to identify and capitalize on opportunities, which can manifest in various forms of business structures. An interesting additional fact is that entrepreneurship is a key driver of innovation and economic growth, regardless of the organizational structure it takes.
Test: Practice Questions - 2 - Question 19
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Critical evaluation points of entrepreneurial development programme are:
Detailed Solution for Test: Practice Questions - 2 - Question 19
Critical evaluation points of entrepreneurial development programmes include organisational policies, the lack of a suitable selection procedure for participants, and the quality of technical and vocational education and training. These factors can significantly impact the effectiveness of such programmes. An interesting additional fact is that addressing these issues can lead to more successful outcomes and a higher rate of entrepreneurial success among participants.
Test: Practice Questions - 2 - Question 20
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Entrepreneurship fails to lead:
Detailed Solution for Test: Practice Questions - 2 - Question 20
Entrepreneurship does not fail to lead any of the given options. Entrepreneurial efforts can successfully create partnership firms, new corporate divisions, and new subsidiary ventures. The essence of entrepreneurship is to identify and capitalize on opportunities, which can manifest in various forms of business structures. An interesting additional fact is that entrepreneurship is a key driver of innovation and economic growth, regardless of the organizational structure it takes.
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