Entrepreneurship And Innovation - Study Mode
[#221] A patent is granted for a specified amount of time because of the assumption:
Correct Answer
(B) That firm will earn a sufficient profit during this period
[#222] Which is the objective of entrepreneurship?
Correct Answer
(D) All of the above
[#223] A typical inventor is usually
Correct Answer
(A) Highly creative & in love with the invention
[#224] Which of the following statements are correct? Statement I An entrepreneur takes initiative and does things before they are asked to do. Statement II Entrepreneurs have external locus of control and highly rely on intuition. Statement III Entrepreneurs are highly associated with team work and group decisionmaking.
Correct Answer
(C) Both I and III
[#225] Match the following List-I (Type of Industry) List-II (Nature of Industry) a. Synthetic process 1. Cement b. Analytical process 2. T.V. c. Processing industry 3. Sugar industry d. Assembling process 4. Petrol from crude oil
Correct Answer
(B) a-1, b-4, c-3, d-2