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CSC TEC Final Exam (Assessment-1 से Assessment-10)

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 बिलकुल! नीचे CSC TEC Final Exam (Assessment-1 से Assessment-10) के सभी सवालों के नीचे-नीचे उनके सही उत्तर दिए गए हैं, ताकि पढ़ना और समझना आसान हो:


Assessment-1: Entrepreneurship

Q1. Starting up a new venture with a new idea is called entrepreneurship.
Answer: a. TRUE

Q2. Entrepreneurship is an opportunity to create wealth.
Answer: a. TRUE

Q3. Which of these is an example of entrepreneurship?
Answer: c. Starting up a business based on a new app/software, with high risk

Q4. Which of these is an example of entrepreneurship?
Answer: a. Starting up a new type of restaurant in a city

Q5. An entrepreneur is involved in managing, organizing, innovating, assuming risks, etc.
Answer: a. TRUE

Q6. An entrepreneur makes all the decisions by himself.
Answer: a. TRUE

Q7. An entrepreneur avoids experimentation.
Answer: b. FALSE

Q8. A successful entrepreneur can become rich very fast.
Answer: a. TRUE

Q9. All people who start up a business based on a new idea are always successful.
Answer: b. FALSE

Q10. 92% of startups are successful within the first 3 years?
Answer: a. TRUE


Assessment-2: Entrepreneurship and Entrepreneurial

Q1. Does entrepreneurship involve managing, organizing, evaluating risks?
Answer: d. All of the above

Q2. Entrepreneurship includes managing, organizing and assuming risks.
Answer: a. TRUE

Q3. Building a business takes ___time than it takes to generate the idea.
Answer: c. Longer

Q4. Entrepreneurs should not be greedy to grow fast.
Answer: a. TRUE

Q5. Entrepreneurs need to have ______to be successful.
Answer: a. Patience

Q6. ____ is the specific tool of entrepreneurship.
Answer: c. Innovation

Q7. Entrepreneurs need membership in communities where ideas are shared.
Answer: a. TRUE

Q8. How to inspire entrepreneurial leaders in organizations?
Answer: c. Both are correct

Q9. Organizations are not entrepreneurial but people are.
Answer: a. TRUE

Q10. Entrepreneuring framed as intentional iteration creates:
Answer: c. Both are correct


Assessment-3: Identifying Business Opportunities

Q1. An idea is defined as the content of cognition.
Answer: a. TRUE

Q2. Is every idea a possible opportunity?
Answer: a. TRUE

Q3. How to identify if an idea is an opportunity?
Answer: c. Both are correct

Q4. Why do we need to evaluate an idea?
Answer: d. All of the above

Q5. Successful entrepreneurship requires balance of technical and market knowledge.
Answer: a. TRUE

Q6. Electrician opened grocery store but failed. Why?
Answer: c. Both are correct

Q7. Cash flow is difference between cash in and cash out.
Answer: a. TRUE

Q8. High upfront capital is necessary to evaluate an idea.
Answer: b. FALSE

Q9. Market should be large and growing.
Answer: a. TRUE

Q10. The business should have high strategic value to acquirers.
Answer: a. TRUE


Assessment-4: Understanding Cost Structure

Q1. What is the value of resources used to make a product?
Answer: d. Cost

Q2. Direct vs indirect costs are based on association with cost objects.
Answer: a. TRUE

Q3. Costs that don’t vary with output = ______
Answer: c. Fixed Cost

Q4. Reliance Fresh, D-Mart have ______ degree of conversion.
Answer: a. Low to Medium

Q5. COGS is determined by:
Answer: d. Product Cost

Q6. Cost of material directly used in production is:
Answer: c. Direct Material Cost

Q7. Cost includes salaries, bonuses etc., is:
Answer: c. Direct Labour Cost

Q8. Cost allocation distributes indirect cost.
Answer: a. TRUE

Q9. Costs that vary with output:
Answer: c. Variable Cost

Q10. Costs already consumed by business:
Answer: a. Expired Costs


Assessment-5: Long Term Orientation

Q1. What are the characteristics or traits of a successful entrepreneur?
Answer: d. All Of The Above

Q2. What is not a characteristic/trait of a successful entrepreneur?
Answer: c. Quits halfway when the situation becomes difficult.

Q3. Entrepreneurs look for new ways of doing things. Which trait is this?
Answer: c. Creativity

Q4. Entrepreneurs effectively sell their product/service. Which trait?
Answer: b. Goal Oriented

Q5. Entrepreneurs don’t let uncertainty stop them. Which trait?
Answer: d. Risk-Taker

Q6. ______ is the ability to evaluate, assimilate and exploit knowledge.
Answer: c. Absorptive Capacity

Q7. Absorptive Capacity comes from prior, related knowledge.
Answer: a. TRUE

Q8. Why is prior knowledge important?
Answer: d. Both a and b

Q9. Tailor opened restaurant but failed. Why?
Answer: c. He did not have prior knowledge of how to run a Restaurant.

Q10. Cook opened South-Indian restaurant but failed. Why?
Answer: c. Both A and B


Assessment-6: Recording Business Transactions

Q1. _______ is a record of assets, liabilities and equity.
Answer: c. Balance Sheet

Q2. What are three financial sheets used in business?
Answer: d. Statement of Cash Flow, Balance Sheet, Profit, and Loss Statement

Q3. Balance Sheet shows revenues and costs?
Answer: b. FALSE

Q4. Equity and liabilities come first in Balance Sheet?
Answer: a. TRUE

Q5. Select the correct equation.
Answer: a. Total Assets = Total Liabilities + Equity

Q6. A business cannot survive long without?
Answer: b. Cash

Q7. Geeta’s Profit as per Accrual basis?
Answer: b. 3000

Q8. Accountants use triple-entry system?
Answer: b. FALSE

Q9. Transactions are entered in journal chronologically.
Answer: a. TRUE

Q10. _______ is a record of assets, liabilities and equity.
Answer: c. Balance Sheet


Assessment-7: Accounting and Business Reporting

Q1. What is the primary objective of a business?
Answer: a. Make money for investors by providing goods or services

Q2. What are the key inputs of business?
Answer: d. All Of The Above

Q3. What is the output of a business?
Answer: c. Both Of The Above

Q4. Forms of business?
Answer: b. Sole proprietorship, Partnership, Corporations

Q5. What is a Sole proprietorship?
Answer: a. A single owner who is also usually responsible for day-to-day running

Q6. Multiple owners responsible for day-to-day =
Answer: c. Partnership

Q7. What is a corporation?
Answer: a. A separate legal entity with a large number of owners

Q8. Identify a non-example of accounting?
Answer: d. List and Details of Favorite customers

Q9. _________ is about planning and investment decisions.
Answer: a. Finance

Q10. A way to raise capital with no repayment obligation =
Answer: b. Equity


Assessment-8: Accounting and Business

Q1. Balance Sheet is divided into?
Answer: a. Assets & Liabilities

Q2. ______ sheet shows financial position at a particular date.
Answer: b. Profit & loss (P&L) statement

Q3. Inventories are raw materials and finished goods held.
Answer: a. TRUE

Q4. Assets and liabilities are current and non-current?
Answer: a. TRUE

Q5. Assets to be sold/used within 1 year =
Answer: a. Current Assets

Q6. Non-current assets =
Answer: b. Plant, property and equipment

Q7. Common current assets =
Answer: d. Cash, Inventories, Receivables, Short-term loans and advances

Q8. Inventories means?
Answer: b. Revenues

Q9. Profit not given to shareholders =
Answer: a. Retained earnings

Q10. ______ is also called income statement.
Answer: b. Profit and Loss Statement


Assessment-9: Marketing Education & Concerns

Q1. A trusted adviser promotes product aggressively?
Answer: b. FALSE

Q2. How to become a trusted adviser?
Answer: c. Both are correct

Q3. Service promise assures delivery of:
Answer: d. Quantity and Quality

Q4. Delivering what customer wants = service promise.
Answer: a. TRUE

Q5. Why identify customer needs?
Answer: c. Both Are Correct

Q6. Product innovation based on customer needs is valuable.
Answer: a. TRUE

Q7. Active listening is a client reaction.
Answer: a. TRUE

Q8. Structure of a good sales pitch:
Answer: a. Hook and Objective

Q9. Hearing is same as listening?
Answer: b. FALSE

Q10. Listening for enjoyment =
Answer: a. Appreciative Listening


Assessment-10: Marketing Education Value

Q1. Why does a customer purchase from a store?
Answer: b. Because the customer values the product or service the shop provides

Q2. Value is what shop provides?
Answer: b. FALSE

Q3. Correct statement:
Answer: a. Value is customer defined.

Q4. Value depends on what customer consumes.
Answer: d. Value depends on the features or services consumed by the customer.

Q5. Where does value reside?
Answer: c. In the customer’s mind

Q6. Value defined by customer and price perspective.
Answer: c. Customer, price

Q7. _______ means everyone competes on price.
Answer: b. Commoditization

Q8. Advantage of value perspective?
Answer: d. All of Above

Q9. Value Framework order:
Answer: a. Value Creation → Value Delivery → Value Capture

Q10. Why does a customer purchase from a store?
Answer: b. Because the customer values the product or service the shop provides



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