Organizer : The Digital Adda
What is Entrepreneurship?
Entrepreneurship is a process in which an individual or group of individuals together perform certain tasks and risk their time as well as money. These individuals are called entrepreneurs.
Entrepreneurs search opportunities through their exceptional skills and grow as fast as possible by utilizing innovative ideas despite having very few resources in control. There are two terms affiliated with entrepreneurship at some point that are entrepreneurial ventures and small businesses. There is a great difference between both terms that are defined below.
Small Businesses
The Small Businesses are such organizations that are owned, financed and operated independently. The following are the main features of small businesses.
- Fewer employees under 100
- Rare or not engagement with innovative ideas and modern trends
- Comprise little impact on the industry
- May be remain small by default or choice
Importance of Entrepreneurship Management
There are three things stated below, that define why entrepreneurship management is important.
- Innovation is a process of experimenting, changing, transforming, and revolutionizing an entrepreneurial activity.
- New Startups can contribute to reshaping the new firms through performing sufficient duties with innovative practices that may result in growth as well as the profitability of the entire firm.
- Job Creation is another aspect that states the importance of entrepreneurship. New startups may require new staff, so the outcome will be much more beneficial for unemployed applicants.
About the Quiz
- Attempt the Quiz only once
- Score will be released only after
closing of the quiz. - If total marks scored is above 80% of the maximum marks , then E-
certificate will be emailed immediately or within 2minutes - 100% Correct Answers on YouTube vedio
- you can share in the Certifications section of your LinkedIn profile, on printed resumes, CVs, or other documents.
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Exam Details
- Format: Multiple Choice Question
- Questions: 10
- Passing Score: 8/10 or 80%
- Language: Englis
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What defines the corporate culture of an organisation? Choose One
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10 points
A concise and precise passage stating the organisation’s essential
An informal set of behaviours
A formal declaration of values
The system of shared values of an organisation
Which behavioural theorist stated that employees are motivated according to what type of person they were – type X or type Y? Choose one
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10 points
McGregor
Mayo
Johnson
Which of the following feed into Strategic Planning decisions? Choose four.
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10 points
Layout
Organisational capacity
Strategic planning
Process
Location
Which of the following may be used as a basis for future action? Choose one.
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10 points
analyzed data
interpreted data
collected data
all of the above
Identify sources of direct internal change to organisations. Choose three
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10 points
The government
Managers and employees
Organisational culture
Business policies and strategies
Competition
Which of the following can occur by using the latest technology. Choose four.
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10 points
Increased costs to the organisation
Assists improved organisational competiveness
Lower levels of waste
Less risks to employee health from high speed and repetitive jobs
Lower levels of staff turnover
Higher quality levels of work
Which of the following best describes the period immediately prior to the employee starting the job, when a period of induction should take place? Choose one.
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10 points
Training that is based on the current skill level of the employee.
The process of helping the new employee fit into the job.
A process involving the assessment of the performance of an individual employee.
Goals to be achieved in the short, mid or long-term by the employee.
Which of the following is NOT a source of external pressures for change? Choose one
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10 points
Market competition
Government
Human Resources
General economic environment
Society as a whole
Technology
Which of the following are ways that an organisation can increase capacity? Choose three.
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10 points
Purchase more raw material
Create additional shifts and hire more employees
Increase plant and machinery
Get current staff to work overtime
The approach adopted by many Human Resources Departments which is seen as a driving force behind the success of many organizations is described which of the following? Choose one.
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10 points
Induction Training-led
People Oriented
Benefit Maximization Strategy
Return on Capital Maximization