CUET (UG) entrance exam Question Bank Solutions for Business Studies

Entrepreneurs undertake

Which of these is a geographical indication?

What are the features of the Startup India Scheme of the Government of India.

Which of the following statements is correct

1. Entrepreneurship regarded as a creative activity.
2. Entrepreneurship is not regarded as a creative activity.

Which of the following statements is correct

1. "Entrepreneurs undertake moderate risks"
2. "Entrepreneurs do not undertake moderate risks"

Which of the following statements is correct?

1. entrepreneurship result in increasing the spectrum and scope of economic activities
2. entrepreneurship doesn't result in increasing the spectrum and scope of economic activities

Which of the following statements is correct?

1. Entrepreneurship drives an individual to excel one's self and overcome the obstacles through successful exercise of talent.
2. Entrepreneurship doesn't drives an individual to excel one's self and overcome the obstacles through successful exercise of talent.

What is the full form of IPR?

The whole process of setting up a new business is called ______.

A person who managed large project was termed as the entrepreneur in the ______.

By whom was the term intrapreneur coined?

Who applied the word entrepreneur to business for the first time?

Marketing is a ______ process by which people interact with others in order to persuade them to act in a particular way, say to purchase a product or service rather than forcing them to do so. 

Read the following text and answer the following questions on the basis of the same:

The name and taste of Coca-Cola is known to almost each and every individual in India as well as throughout the world. This carbonated soft drink holds the most market share in the soft drink market and got itself a special seat in each and every gathering. The Coca-Cola Company has on occasion introduced other cola drinks under the Coke name. The most common of these are Diet Coke, along with others including Caffeine free Coca-Cola, Diet Coke Caffeine free, Coca-Cola Zero Sugar, Coca-Cola Cherry, Coca-Cola Vanilla and the list goes on. It has capitalized on each and every opportunity to market itself effectively and place itself in the middle of every gathering. The main reason for such an outstanding placement of product goes to the way they have established the connection between every occasion and the need for Coke to be present there, product design and creative advertising.

Identify the feature of Business Environment which the Coca-Cola Company managed to get in their favour.

In a cotton textile mill, various tasks viz. spinning, weaving, sizing, bleaching, etc. were divided to different groups of persons. Identify the principle of management stated here.

______ is the process of dividing work into manageable activities and then grouping the activities which are similar in nature. 

Assertion (A): Controlling ensures that resources are used in the most effective and efficient manner.

Reason (R): In controlling, each activity is performed in accordance with predetermined standards and norms.

Assertion (A): A small enterprise cannot afford to install an expensive control system.

Reason (R): Control system loses some of its effectiveness when standards cannot be defined in quantitative terms.

"The components of business environment keep on changing due to changes in various circumstances." This  shows that business environment is ______.

Which statement is correct regarding division of work?