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CSC TEC Exam Question Answer Key 2024 [Updated] – 100% Pass Guarantee |
CSC TEC Exam Question Answer Key 2024 [Updated] – 100% Pass Guarantee
TEC Assessments & Final Exam Question Answer Key
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Q. Does Entrepreneurship Create Job
Ans. Yes, it does
Q. ………………………….. is the specific tool of entrepreneurship
Ans. Experiment
Q. Cash flow simply put is the difference between the cash that flows in and cash that flows out
Ans. TRUE
Q. An entrepreneur does the following activities – managing, organizing and makes all the decisions by himself.
Ans. True
Q. An entrepreneur is a person who takes less risk, avoids experimentation.
Ans. False
Q. A successful entrepreneur can become rich very fast.
Ans. True
Q. All people who start up a business based on a new idea are always successful.
Ans. False
Question 10: 92 % of the startups are successful within the first 3 years of starting?
Ans. False
Q. Why do we need to evaluate an idea
Ans. All of the above
Q. Strategic value comes from having important……………… …………. or a…. ……… technology that has strategic value to an incumbent in an industry
Ans. Customer, Contribution or a Propriety Technology
Q. Many times technology start-ups that have accumulated losses and modest sales get acquired for many times they are worth
Ans. TRUE
Q. Direct Labor Cost includes salaries of executive, Salesperson, commission paid to the sales team, advertising, utilities paid for the administrative building
Ans. TRUE
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Q. …………………………….The key determination of the cost of goods sold (COGS) which appears on the P&L statement
Ans. Indirect Cost
Q. Direct Material Costs are high or significant for service companies like Infosys, Wipro, state bank of India, ICICI BANK, etc
Ans. TRUE
Q. ………………………. is the cost of any material directly used in the production of the output
Ans. Expired Cost
Q. All expenses on the P&L statement represent expired costs whereas assets on the balance sheet represent an unexpired cost
Ans. TRUE
Q. Entrepreneurs effectively sell their products or service to clients and customers which trait is being discussed here
Ans. Optimistic Nature
Q. Which of these is the correct expansion of BATNA
Ans. Best Alternative to a Negotiated Agreement
Q. Entrepreneurs need to have……………. To be successful
Ans. Patience
Q. What are the factors to consider while evaluating whether an idea is an opportunity or not with respect to economics?
Ans. None of the above
Q. A software engineer wants to open an online app that can easily connect customers with doctors in the city. also help patients to book appointments and share reports with other doctors for second opinions. What should he do?
Ans. All of the above
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Q. Absorptive Capacity comes from prior, related knowledge to be able to make sense recognize the value of, and use new information.
Ans. TRUE
Q. What is the role of a weak tie
Ans. Both are Correct
Q. Entrepreneurs are always looking for new ways of doing things and how they can make them better. Which trail is being discussed here?
Ans. Creativity
Q. Starting up a new venture with a new idea is called entrepreneurship.
Ans. True
Q. Entrepreneurship is an opportunity to create wealth
Ans. True
Q. Which of these is example of entrepreneurship?
Ans. Starting up a business based on an old idea, existing business module, and less risk.
Q. Which of these is an example of entrepreneurship?
Ans. Starting up a new type of restaurant in a city.
Q. Entrepreneurship is an Opportunity to Create Wealth
Ans. True
Q. Organizations are not entrepreneurial but people are entrepreneurial
Ans. True
Q. An entrepreneur is one who involved in a FEW of these activities –managing, organizing, innovating, assuming risks etc.
Ans. True
Q. A Successful entrepreneur Can Become Rich Very Fast
Ans. True
Q. Which of these is an example of entrepreneurship?
Ans. Starting a new type of restaurant in the city
Q. Are all People Who Start up a Business Based on a new idea always successful?
Ans. False
Q. Who Among These is a Successful Indian Entrepreneur
Ans. All of The Above
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