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B Com Exam  >  B Com Tests  >  Test: Entrepreneurial Development - 1 - B Com MCQ

Test: Entrepreneurial Development - 1 - B Com MCQ


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10 Questions MCQ Test - Test: Entrepreneurial Development - 1

Test: Entrepreneurial Development - 1 for B Com 2024 is part of B Com preparation. The Test: Entrepreneurial Development - 1 questions and answers have been prepared according to the B Com exam syllabus.The Test: Entrepreneurial Development - 1 MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Entrepreneurial Development - 1 below.
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Test: Entrepreneurial Development - 1 - Question 1
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What is the primary focus of entrepreneurship development?

Detailed Solution for Test: Entrepreneurial Development - 1 - Question 1
Entrepreneurship development is primarily focused on nurturing and cultivating the qualities, skills, and mindset necessary for individuals to become successful entrepreneurs. It involves promoting traits like risk-taking ability, creativity, innovation, and effective business management. The aim is to transform business ideas and opportunities into thriving enterprises, contributing to economic growth and industrial development.
Test: Entrepreneurial Development - 1 - Question 2
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Which stage of the entrepreneurial development process involves selecting potential entrepreneurs for training?

Detailed Solution for Test: Entrepreneurial Development - 1 - Question 2
The pre-training stage of the entrepreneurial development process involves activities like planning training programs, selecting potential participants, preparing training materials, and making necessary arrangements for the upcoming training sessions. It's the initial phase where prospective entrepreneurs are identified and prepared for the training program.
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Test: Entrepreneurial Development - 1 - Question 3
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Which entrepreneurial motivating factor is driven by the desire to establish and maintain friendly relations with others?

Detailed Solution for Test: Entrepreneurial Development - 1 - Question 3
Affiliation motivation is characterized by the need to establish and maintain friendly and warm relationships with others. People with this motivation are driven by a desire for social interaction and cooperation. They are more likely to seek co-operative ventures and collaborations in their entrepreneurial activities.
Test: Entrepreneurial Development - 1 - Question 4
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According to David McClelland's theory, which type of motivation is characterized by a strong desire to influence and control others?
Detailed Solution for Test: Entrepreneurial Development - 1 - Question 4
David McClelland's theory includes the need for power (n-Pwr) as one of the three types of needs that can influence an individual's behavior. Power motivation refers to a strong desire to control and influence others and their surroundings. Individuals with high power motivation tend to seek positions of authority and leadership to exert their influence.
Test: Entrepreneurial Development - 1 - Question 5
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What is the primary objective of entrepreneurship development?
Detailed Solution for Test: Entrepreneurial Development - 1 - Question 5
The primary objective of entrepreneurship development is to foster economic growth and development within a country. By nurturing entrepreneurial qualities, promoting new business ideas, and supporting individuals to launch and manage enterprises, entrepreneurship development contributes to overall economic progress and the expansion of industrial sectors.
Test: Entrepreneurial Development - 1 - Question 6
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What is the central element of motivation according to Michael Julius?
Detailed Solution for Test: Entrepreneurial Development - 1 - Question 6
According to Michael Julius, motivation is centered around the concept of a motive, which is an inner state of the mind that activates, energizes, and directs an individual's behavior towards a goal. Motivation is the process that stems from these motives and drives individuals to take action in pursuit of their objectives.
Test: Entrepreneurial Development - 1 - Question 7
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Which motivational factor is related to the availability of required labor and materials?
Detailed Solution for Test: Entrepreneurial Development - 1 - Question 7
The availability of required labor and materials at competitive rates can significantly motivate individuals to become entrepreneurs. This factor ensures the feasibility of business operations and encourages entrepreneurs to take advantage of cost-effective resources for their ventures.
Test: Entrepreneurial Development - 1 - Question 8
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Which stage of entrepreneurial development involves guiding and assisting entrepreneurs after training?
Detailed Solution for Test: Entrepreneurial Development - 1 - Question 8
The post-training stage of entrepreneurial development involves guiding and assisting entrepreneurs after they have undergone training. This stage focuses on helping new entrepreneurs launch and manage their businesses effectively, providing them with the necessary support, advice, and resources to ensure their success.
Test: Entrepreneurial Development - 1 - Question 9
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According to David McClelland's theory, which need refers to the desire for personal accomplishment?
Detailed Solution for Test: Entrepreneurial Development - 1 - Question 9
According to David McClelland's theory, the need for achievement (n-Ach) refers to the desire for personal accomplishment and success. Individuals with a high need for achievement are motivated by the pursuit of excellence, setting and reaching challenging goals, and striving for personal success.
Test: Entrepreneurial Development - 1 - Question 10
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Which motivating factor involves entrepreneurs' desire to do something new and innovative?
Detailed Solution for Test: Entrepreneurial Development - 1 - Question 10
The desire to do something new and innovative is a significant motivating factor for entrepreneurs. This creative drive encourages individuals to explore uncharted territories, develop novel solutions, and bring fresh ideas to the market, contributing to the growth and diversification of industries.
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