meo786
Welcome to meo786
Please Log In and Enjoy with us. I hope you will find more "Fun With Mobile, Computer & Management"

Thanks.

Muhammad Afzal Meo
+092 333 497 62 77

MGT 602 Enterpnure All Quiz

Go down

MGT 602 Enterpnure All Quiz

Post by Admin on Mon Jan 04, 2010 12:46 pm

The transitional disturbance and lack of reform has led to
boom black market in:



China


Hungary


Singapore

Poland







A contract must be signed by:


At least
one party


Both
the parties??





Not
necessary to sign



By third
party






Which one of the following is NOT an internal factor?

New
technology





Manufacturing


Marketing


Personnel





Which of the following contains large number of new ideas?

Files
of Patent office??





Official
Gazette



Government
patent Board



All of the
given option






Which one of the following is NOT a condition of a contract?


An offer is
made



An
acceptance of offer


Contract
must be illegal





Consideration
is given






Which one of the following contracts should be in written?


Real estates


Lease


Rentals

All
of the given options 53








Which one of the following is NOT an external factor?





New regulations

Competition
page 57





Social changes


Manufacturing





Which one of the Following is the way by which an
entrepreneur can enter into international business?



Export


Non equity arrangements


Direct foreign investment

All
of the given options page31








Why should an entrepreneur do a feasibility study?


To see if
there are possible barriers to success



To identify possible sources of funds

To
estimate the expected sales page 56





To explore potential customers





Health insurance premium is less expensive if there is:


One insured
participants



Ten participants

Large
group of participants??





Very small group of participants








Which of the following geographical area is having least
interest to U.S. entrepreneurs?



Europe


The Far East

Central
Asia page 37





Transition economies





Members of distribution channels are excellent sources for
new ideas because:


They
are familiar with the needs of the market page39





They earn a handsome profit from new
business



They do not bother if entrepreneur
bears a loss



They have well-developed sales force





All of the following are essential to maintain secrecy
EXCEPT:



Train employees to refer sensitive
questions to one person



Discuss business in public
places



Provide escorts for all office
visitors



Use simple security such as locked
file cabinets






The combining of two or more independent bodies into a
single body is known as:



Joint venture


Merger


Rivalry


Protectionist attitudes





Lenders are primarily interested in the:


Personal relationship


Ability to pay back loan


Progress of the venture


No concern





Which of the following is included in the description of the
business?



Location


Products offered


History

All
of the given options







The
creative process for problem solving that involves making the strane familiar
in first step and then making the familiar stranen through personal, direct or
symbolic analoy is called:


Synectics


Gordon
method


Checklist
method


Scientific
method Bottom of Form









The difference between the value of a country’s imports and
exports over time is called:



Select correct option:



Deficit exports




Deficit imports




Balance of payment




Balance of debt
























---------------------------- are barriers to new
product creation and development.



Opportunity parameters


Opportunity
identification



Opportunity
circulation



Opportunity
multiplication






New business venturing refers to
the:



Creation of new business within an
existing organization



Transformation
of organizations



Both of
the mentioned options



None of
the mentioned options






Internal beliefs appear to differentiate entrepreneurs from
the general public, but not from:



Auditors


Managers


Mentors


Tycoons





The country affected by several economic and social factors
is:



Germany


Pakistan

France




Argentina





----------------------------------- measures the ability of
the ven­ture to manage its total investment in assets.



Return on
equity



Return on investment


Net profit
margin ratio



Acid test
ratio






The ---------------indicates
whether the business plan is economically feasible.



Financial plan


Marketing Plan


Organizational Plan


Operations Plan





If a new venture is a manufacturing operation, a -------------------is
necessary.



Marketing Plan


Organizational Plan


Production plan


Financial Plan





Which of the following is not the characteristic of a
marketing plan?



Provide a strategy to accomplish
the individual’s mission.



Be based
on facts and valid assump­tions



Provide
for discontinuity



Describe a
manager to im­ple­ment the plan






In pricing strategy, -------------------- is one of
the many factors is to be considered:






Costs


Dollars


Rupees


None of
the above






In a --------------------------,
the death of the owner results in the termination of the busi­ness.





Partnership




Corporation


Sole
proprietorship



Limited partnership





In the corporation, new capital can be raised by:


Stock may
be sold as either voting or nonvoting



Bonds may
be sold



Money may
also be borrowed in the name of the corporation



All of the
mentioned options






Large positive cash flows may need
to be invested in:



Short term sources


Long term sources


Both of the options are true


None of the given options





As long as the selling price is greater than the vari­able
costs per unit, some contribu­tion can be made to cover:



Variable costs


Fixed costs


Costs
associated with assets



None of
the above






The SBIR grant program has --------------- phases.


Four


Two


Three


Ten


------------------------ denote no
relationship between the mark and the goods and afford the possibility of
expansion.



Coined
marks



Suggestive mark


Superficial mark


Trademark





The method of developing a new
idea through a thought process progression is known as:



Matrix charting


Big dream approach


Heuristics


Parameter analysis





A copyright protects:


Idea
itself



Original works of authorship


Both of
the options given



None of
the option given



A ---------patent reflects the
appearance of an object.



Utility


Design


Plant


International





The financial plan determines the -------------------------
needed for the new venture.



Investment


Finances


Sales


Expenses





In almost
all definitions of entrepreneurship, there is agreement that we are talking
about a kind of behavior that includes:



Initiative
taking



The
organizing and reorganizing or social/economic mechanisms to turn resources and
situations to practical account



The
acceptance of risk or failure



All of the
mentioned options






A good --------------- must be
developed in order to exploit the opportunity defined.



Venture


Organizational
culture



Business plan


None of
the mentioned options






The new venture should be
described in detail, including the:



Product


Location


Personnel


All of the option given





The study of behavior and morals in a business situation is
called:



Moral
ethics



Business ethics


Personal
ethics



None of
the given options






To suggest certain features or
characteristics of a product or service, we use:



Descriptive
mark



Arbitrary
mark



Forward
mark



All of the
given options






Product or service does not
involve:



Packaging


Brand name


Price


Maturity
of the product






The environment of an entrepreneurial-oriented organization
is the:



Intrapreneurial culture


Entrepreneurial
culture



Multinational culture


National culture





A capital budget may project
expenditures for:



New equipment


Vehicles


New facilities


All of the
given options






Fixed expenses (incurred
regardless of sales volume) include:



Rent


Utilities


Both of
the given options



None of the given options





Profit is the result of
subtracting:



Expenses
from sales



Sales from expenses


Gross profit from share capital


Assets from liabilities





A party in an agreement that usually supplies money and has a few


responsibilities is known as:


a. Major partner


b. Minor partner


c. Limited partner


d. General partner





Which one of the following insurance is required by law?


Life insurance


Property insurance


Disability and vehicle coverage
(book page 52)



Health care coverage

Admin
Administrator

Number of posts : 8137
Age : 44
Location : Sharqi Abadi Mustafabad Kasur
Job/hobbies : Do more for other
Mode (i.e. cool, angry etc) : Serious
Warining :
0 / 1000 / 100

Rate by Admin :
0 / 1000 / 100

Reputation : 22
Registration date : 2007-10-23

View user profile http://meo786.forumotion.com

Back to top Go down

Re: MGT 602 Enterpnure All Quiz

Post by Admin on Mon Jan 04, 2010 12:47 pm

The most
often used type of funds is



Inter­nally gener­ated funds


Externally generated funds


Commercial bank funds


None of the mentioned options





2. Which of the following is not type of Bank
Loans
?


Inventory loans


Accounts payable loans


Equipment loans


Real estate loans





3. Conventional bank loans include:


Lines of credit


In­stallment loans


Straight com­mercial loans


All of the mentioned options





4. When
an entrepreneur is unable to secure a regular com­mercial bank loan, an
alternative is a:



Small and medium enterprise loan


Character loan


Small Business Ad­ministration (SBA) Guaranty Loan


Equipment loan








5. Installment
loans can be obtained by a going ven­ture with a track record of
:



Sales and profits


Customers


Supplier’s chain


All of the mentioned options





  • NAFTA
    stands for:




a)
North American Free Trade Agreements



b) North
Asian Free Trade Agreements



c)
National Asian Free Trade Agreements



d)
National American Free Trade Agreements



2. The
factor______________ is probably the most prevalent reason for mergers.



a)
Taxation



b)
Economies of scale



c)
Inflation



d) Mergers


3. A _____________ merger is a combination of two
firms producing the same products but selling them in different geographic
markets.



a)
Diversified Activity Merger



b) Product
Extension Merger



c)
Vertical Merger



d)
Market Extension Merger



4. One of the most frequent reasons an entrepreneur
forms a joint venture is to share the ________________.



a)
Resources



b) Cost


c)
Cost and risk of a project



d) Profit


5. _______________ involves having a foreign
purchaser in the local market or using an export management firm.



a) Direct
Exporting



b)
Indirect Exporting



c)
Management Contracts



d)
Turn-Key Projects



6. The ______________measures
the payments that flow between any individual country and all other countries.



a) International Business


b) Economies of Scales


c) Balance of Payment


d) None of the given options


7.
________________ is an entrepreneurial type who quickly identifies new promising
business opportunities but rarely, if ever, follows through on the opportunity
to create a successful new venture.



a) Simplicity Sue


b) Shotgun Sam


c) Hidden Agenda Harry


d) Inventor Irving


8. One study found that the typical minority business
owner was the



a)
Oldest child in a blue-collar family and married.



b) Oldest
child in a white-collar family and married.



c)
Youngest child in a blue-collar family and married.



d)
Youngest child in a white-collar family and married.



9. Traditional managers are:


a) Deals
with mistakes and failures



b)
Tries to avoid mistakes and surprises



c)
Attempts to hide risky projects from view until ready



d) None of
the given Options



10. Entrepreneurs are:


a) Moderate risk
taker



b) High risk taker


c)
Avoidance



d) Both b
and c



11. Risk decisions are often postponed until


a)
Hard facts can be gathered or a consultant hired to illuminate the unknown.



b) Hard
facts can be gathered or an auditor hired to illuminate the unknown.



c) There
is no need to gather facts and hired a consultant/auditor



d) None of
the given options



12. _________________ is one method of stimulating,
and then capitalizing on, individuals in an organization who think that
something can be done differently and better.



a)
Strategic Orientation



b)
Capitalization



c)
Intrapreneurship



d)
Management



13. The typical _______ has a climate and reward
system that favor
conservative decision making.


a)
Entrepreneurship culture



b)
Corporate culture



c)
Intrapreneurial culture



d) None of
the given options



14. Female entrepreneurs normally start their venture
at the age of ________
years.


a)
35-45



b) 25-30


c) 20-25


d) 40-45


15. Male entrepreneurs normally start their venture
at the age of________ years.



a) 20-25


b)
25-35



c) 40-50


d) After
the age of retirement.



16. The _____ is the process through which innovation
develops and commercializes through entrepreneurial activity, which in turn
stimulates economic growth.



a)
Product-evolution process



b)
Technological innovations



c)
Breakthrough innovations



d) None of
the given options



17. A____________________ is a type of company formed
from research and development that usually does not go public.



a)
Foundation



b)
Life-Style Firm



c)
High-Potential Venture



d) Both b and c


18. _________________
involve such things as writing, listening, oral presentations, coaching and
technical know-how.



a) Business Management skills


b) Personal entrepreneurial skills


c) Technical skills


d) None of the given options


19. The ___________________ means to do things in his
or her own way and time.



a)
Need per independence



b) Need
for achievement



c)
Personal values



d)
Ethics



20. ________________ is a reason or set of reasons for
engaging in a particular behavior, especially human behavior.



a) Moral value


b) Act


c) Motivation


d) None of the options


1. Entrepreneurship
can be very challenging. Which is not a typical challenge of being an
entrepreneur?



a. Long hours



b. Financial
reward



c. Financial
insecurity



d. Loneliness





2. If a business
is not making a profit, the entrepreneur knows that



a. He/she
is not making good use of scarce resources



b. People are
willing to buy the product/service at high price



c. No one
wants to buy the product/service



d. All of the
mentioned options






3. A ___ is a
group of people who would be interested in buying a given product or service.



a. Consumer


b. Target


c. Customer


d. Market





4.
Which business function do experts agree you should focus on
first when preparing to start a business?



a. Financing


b. Marketing
vision



c. Operations


d. None of
the mentioned options






5.
The mission statement


a.
Is a business' reason for existing


b.
Does not need to be longer than three sentences


c.
Tells your customers and employees what your business is
about



d.
All of the above.





6.
Which of the following is not something that can be
invested?



a.
Energy


b.
Expertise


c.
Money


d.
Time





7.
Which of the following should be included in a business's
mission statement?



a.
Unique selling proposition


b.
Marketing


c.
Tactics


d.
Prices





8.
Make sure your business is run in an ethical manner by


a.
Never take company profits just to pay yourself.


b.
Create an advisory board.


c.
Keep accurate records and use financial controls.


d.
All of the above.





9.
When a business grows too big for the entrepreneur to run it
alone, he or she should consider



a.
Taking management classes to become a better manager.


b.
Slowing down marketing efforts to bring the business's
growth back under control.



c.
Raising capital and using it to hire managers.


d.
None of the above





10. Why are
entrepreneurs not always the best managers for their businesses?



a.
Entrepreneurs are lazy.


b.
Managers are better at coming up with fresh ideas for new
businesses than entrepreneurs are.



c.
Entrepreneurs tend to be creative types who get bored
with the day-to-day details of
running a business.


d.
All of the above





  • We need to update the business
    plan because


    • Environmental factors and
      internal factors can change the direction of the plan

    • Goals set by the entrepreneurs may be
      unreasonable.

    • Goals may not be measurable.
    • Goals may not be specific







2.The marketing plan should answer the basic question



    • Where have we been?
    • Where do we want to go (short term)?
    • How do we get there?




d.
All of the
mentioned options






3.
Marketing
research involves the gathering of data in order to determine information as



a. Who will
buy the product?



b. What price
should be charged?



c. What is
the most effective promotion strategy?



d.
All of the
mentioned options






4.
Which of
the following is the characteristic of a marketing plan?



a. Provide a
strategy to accomplish the individual’s mission.



b.
Be based
on facts and valid assump­tions



c. Provide
for discontinuity



d. Describe a
manager to im­ple­ment the plan






  • The
    appendix contains


    • Any
      backup material not included in the text of the document





b. A summary
of business plan



c. Just
financial information



d. Strategies
to implement



6.Which of the following is the advantage of S
CORPORATION
?


a. Capital
gains or losses are treated as corporation’s income



b. Shareholders
do not retain limited liability protection



c. This form
may use the capital method of accounting



d.
Stock may
be transferred to low-income-bracket family members






  • Which of the following is not
    a types of Bank Loans




a.
Inventory loans



    • Accounts
      payable loans





c.
Equipment loans



    • Real estate loans







  • Conventional bank
    loans in­clude




a.
Lines of credit


b.
Long-term loans


c. Character loans


d.
All of the
mentioned options






9. Installment
loans can be obtained by a going ven­ture with a track record of



a. Sales and
profits



b. Customers


c. Supplier’s
chain



d. All of the
mentioned options






  • When the business does not
    have assets to sup­port a loan, the entre­preneur may need a




a.
Inventory loans



    • Accounts payable loans




c.Character
loan



d.
Equipment loans

Admin
Administrator

Number of posts : 8137
Age : 44
Location : Sharqi Abadi Mustafabad Kasur
Job/hobbies : Do more for other
Mode (i.e. cool, angry etc) : Serious
Warining :
0 / 1000 / 100

Rate by Admin :
0 / 1000 / 100

Reputation : 22
Registration date : 2007-10-23

View user profile http://meo786.forumotion.com

Back to top Go down

Re: MGT 602 Enterpnure All Quiz

Post by Admin on Mon Jan 04, 2010 12:49 pm

1. Any
patents, trademarks , copyright or trade secrets held by the entrepreneur is
known as



  • Disclosure document
  • Patent
  • Intellectual property
  • None of the mentioned






2. The
organization will never be able to make the necessary changes without_________



  • Top management commitment
  • Employees
  • Workers
  • None of the mentioned






3. The ways
entrepreneurs make decisions.



  • Entrepreneurial domain.
  • Reverse
    brain storming

  • Heuristics



d.Reverse
brain storming



4.
A trademark is


5. A
word, symbol, name or device that a business uses to identify its goods.



  • A legal protection for information on foreign
    products.

  • Legal protection for intellectual works.
  • Legal protection for a U.S. product exported to
    another country.







6.
locus of control is


a. A feeling


b. Attitude


c. Attribute


d. None of
the above






7.
Licensing arrangements have


a. Low risk
process involved



b. Easy way
to generate incremental income



c. Several
pitfalls



d. All
of the above






8.
Personal characteristics to be a successful entrepreneur
includes



a. Understanding
environment



b. Creating
management options



c. Encourage
open discussion



d. All
of the above






9.
International entrepreneurship is


  • Licensing

  • Exporting
  • Both of the mentioned options
  • None
    of the two mentioned







Which of
the following is not a characteristic that is helpful for an entrepreneur
to have?



a.
Self-esteem


b.
Caution


c.
Drive


d.
Optimism





10. Hindrance for going in the international business is known as


  • Synergy
  • Turn key point
  • Trade barrier
  • Minority interest






5) In chronological age , most entrepreneurs start their
careers between ages



a) 22 and 55


b) 30 and 55


c) 40 and 65


d) None of
the given options






6) ______ is the combination of at least two firms doing
similar businesses at the same market level.



a) Diversified
activity Merger



b) Horizontal Merger


c) Joint
Venture



d) Vertical
Merger






7) Which of
the following is NOT recognized as a misconception about entrepreneurship?






a) Entrepreneurship is found only is small businesses.


b) Entrepreneurship is easy.


c) Successful entrepreneurship needs only a great idea.


d) Entrepreneurial ventures and small businesses are
different






9) All of the
following are recognized as potential sources of entrepreneurial ideas EXCEPT:



a) Work experiences, skills, and abilities


b) Familiar and unfamiliar products and services


c) Personal interests or hobbies


d) All of the selections are recognized as
potential sources of entrepreneurial ideas.






10) An
_______________________ is an individual who creates something for the first
time, is a highly driven individual motivated by his or her own work and
personal ideas.



a) Entrepreneur


b) Inventor


c) Both a and b


d) None of the given options





1. An entrepreneur’s primary motivation for starting a
business is



  • To
    make money

  • To be independent
  • To be
    famous

  • To be
    powerful







2. To be successful in an entrepreneurial venture, you need


  • Money

  • Luck
  • Hard
    work

  • A
    good idea







3. Entrepreneurs are best as





  • Managers
  • Venture
    capitalists

  • Planners

  • Doers






4. A successful entrepreneur relies on which of the
following for critical management advice



  • Internal
    management team

  • External management professionals
  • Financial sources
  • No
    one







5. Entrepreneurs are:


  • High
    risk takers

  • Moderate risk takers
  • Small
    risk takers

  • Doesn’t
    matter







6. Entrepreneurs typically form


  • Service
    businesses

  • Manufacturing
    companies

  • Constructive
    companies

  • A variety of ventures






7. Entrepreneurs:


  • Are
    the life of the party

  • Are
    bores at a cocktail party

  • Will
    never go to parties

  • Just fit into the crowd at a party






8. Entrepreneurs and ventures capitalists:


  • Get
    along well

  • Are
    the best friends

  • Are
    cordial friends

  • Are in conflict






9. An entrepreneur’s primary motivation for high ego and
need for achievement is based upon a relationship with:



  • Spouse

  • Mother

  • Father
  • Children







10. An individual usually begins his or her first
significant entrepreneurial business enterprise at what age



  • Teens

  • Twenties

  • Forties
  • Fifties










1.
Without top management commitment, the organization will


  • Be
    able to make changes

  • Not be able to make any
    changes

  • Not
    be able to make effective changes

  • None
    of the above







2.
locus of control is





  • A
    feeling

  • Attitude
  • Attribute
  • None
    of the above







3.
Entrepreneurial experience becomes increasingly important as


  • Work
    load increases

  • Complexity of venture
    increases

  • Complexity of wok increases
  • None
    of the above







4.
Entrepreneurs are concerned about basic issues of:


  • Sales, costs and benefits
  • Customers,
    sales and costs

  • Risk,
    costs and benefits

  • None
    of the above







5.
Licensing arrangements have


  • Low
    risk process involved

  • Easy
    way to generate incremental income

  • Several
    pitfalls

  • All of the above






6.
Joint ventures have been used by entrepreneur:


  • When
    the entrepreneur wants to purchase local knowledge

  • When
    rapid entry in to the market is needed

  • Both of the options given
  • None
    of the above







7.
A horizontal merger is


  • Is
    the combination of firms in successive stages of production

  • Is the combination of firms
    that produce closely related projects in same area

  • Is
    the combination of firms that produce same products and sell in different
    areas

  • None
    of the above







8.
Main reason(s) for merger is (are)


  • When
    synergy is present

  • When
    complementary resources can be combined

  • Economies
    of scale can be achieved

  • All of the above






9.
First stage of production planning and development processes
is



  • Idea
    stage

  • Concept
    stage

  • Establishing and evaluating
    criteria stage

  • None
    of the above







1. One
effective way to begin the marketing plan is



a.
To make a list of the
information that will be needed to prepare the marketing plan.



  • Gathering Data from Secondary Sources



c. Gathering Information from Primary Sources.


  • None of the options given






2. A focus
group



a.Is a
sample of 10 or 12 potential investors who participate in a discussion?



b.Is a
sample of 10 or 12 potential employees who participate in a discussion?



c.Is a sample of 10 or 12 potential customers who participate in a
discussion?



  • None of the options given






3. The situation
analysis
is



a. Defining Target
Market/Opportunities and Threats.



  • Considering Strengths and Weaknesses



c. A review of where the com­pany
has been and considers envi­ronmental factors.



  • None of the options given






4. One of the
difficult decisions



a.Is about
the distribution of the product



b.
Is
determining the appropriate price for the product.



c.Is about
the promotion of the product



  • None of the options given






5. Which of
the following statement is true for marketing system?



  • It is all about the internal envoi mental factors
  • It identifies the
    major interacting components, both internal and external

  • It’s about the financial needs of the venture
  • None of the options given






6. In setting
marketing goals and objectives the entrepreneur must



  • Set the price
  • Distribution place
  • Must satisfy customers
  • None
    of the above




7. The
financial plan provides a complete picture of:



a. How much
and when the funds are coming into the organization.



b. Where the
funds are going.



c. How much
cash is available?



d.
Al of the
options given



8. Before
developing the pro forma income statement, the entrepreneur should



a. Prepare
operating budgets



b. Capital
budgets.



c. None of
the options given



d. Both of the options given (a,b)





9.
Which of the following statement
is true?



  • Cash flow is same as profit.



b. Profit is the result of
subtracting expenses from sales.



c. Cash flow
results from the difference between all cash available and cash pay­ments.



  • Cash flows only when actual payments are not
    made but only received.







10. Which of
the statement is not true?



a.The S Corporation
combines the tax advantages of the partnership and the corporation.



b.S
Corporations represent almost half of all corporate fil­ings.



c.A popular
new entity is thelimited liability company (LLC)



  • Limited liability Company(LLC)
    offers similar disadvantages as the S Corpora­tion










1. What causes people to do something?


Need for
achievement



Need for
independence



Motivation


None of
the mentioned options






2. Individuals who help the
entrepreneur in business activities



Role
models



Professional-support network


Parents


None of
the mentioned options






3. The managers
in an organization strongly supporting intrapreneurship is called
-


Top management commitment


Upper
management commitment



Lower
management intrapreneur



Upper
management intrapreneur






4. ------------- involves a manufacturer
giving a foreign manufacturer the right to use a patent, trademark or
technology in return for a royalty



Licensing


Turn-key
projects



Management
contracts



None of
the mentioned options






5. Female
entrepreneurs differ in terms of ---------, ------------, and
------------------



Motivation


Business skills


Occupational background





In
brainstorming



No
criticism is allowed



Quantity
of ideas is desired



None of the mentioned options


Both of the mentioned options





2. A
technique that asks questions about objects or ideas in an effort to develop a
new idea is



Heuristics


Matrix
charting



Forced relationships


Attribute
listing






3. The
solution development is



Big-Dream
approach



Parameter
Analysis



Creative synthesis


None of
the above






4. Perceived benefits /risks involve the
following factors:



Utility to customer


Consumption
habits



Buying
motives



All of the above





5. A
patent is



A document
between government and an inventor



Grants
holder protection from others making, using, or selling similar idea



A public domain


None of the above





Marketing mix includes:


Product or service


Financing


Consumer


Retailer





2. Which of the following statement is true
for tax advantage of proprietorship?



There is
double tax on profits



There is no capital stock tax or penalty
for re­tained earnings



Both of the
options given



None of the
options given






3. Industry analysis should include
information on:



Market size of competitor’s
product



Growth rate of suppliers


New products entry


Economic conditions





4. We
need to update the business plan because…………



Environmental factors and internal factors can change the direction of
the plan



Goals set
by the entrepreneurs may be unreasonable.



Goals may
not be measurable.



Goals may
not be specific

Admin
Administrator

Number of posts : 8137
Age : 44
Location : Sharqi Abadi Mustafabad Kasur
Job/hobbies : Do more for other
Mode (i.e. cool, angry etc) : Serious
Warining :
0 / 1000 / 100

Rate by Admin :
0 / 1000 / 100

Reputation : 22
Registration date : 2007-10-23

View user profile http://meo786.forumotion.com

Back to top Go down

Re: MGT 602 Enterpnure All Quiz

Post by Admin on Mon Jan 04, 2010 12:50 pm

1. A set of reasons for engaging in a particular behavior, especially
human behavior is



known as _____________.


a. Values


b. Vision


c. Entrepreneurship


d.
Motivation



2. Which of the following techniques is an excellent method for
initially screening ideas



and concepts in addition to generating new ideas?


a.
Focus group



b. Brain storming


c. Problem inventory analysis


d. Reverse brainstorming


3. The creative process for problem solving that involves making the
strange familiar in



first step and then making the familiar strange through personal,
direct or symbolic



analogy is called _________.


a.
Synectics



b. Gordon method


c. Checklist method


d. Scientific method


4. When the multiplicity of environments become too complex to handle,
the



international entrepreneurs often __________.


a. Go for mergers


b. Diversify


c.
Decentralize operations



d. Sale out the foreign business


5. An entrepreneur into the hosiery business found out the reason his
hosiery was not



selling was due to its color. What could be the best source of this
information?



a. Supplier


b.
Retailer



c. Competition


d. Government bureau


6. In some countries, point of purchase displays are not allowed in
retail stores. Such



differences are studied by international entrepreneurs under
__________



environment.


a. Economic


b. Political


c.
Cultural



d. Technological


7. Entrepreneurial success has been significant because of the culture
and the political



and economic systems in _________.


a. European countries


b.
Asian countries



c. Transition economies


d. Middle east


8. Having more than 50% ownership position that provides the entrepreneur
with



managerial control is called ___________.


a. Joint venture


b.
Majority interest



c. Horizontal merger


d. Diversified activity merger


9. The under-developed or lesser developed countries need
manufacturing technology



and infrastructure and yet do not want to turn over substantial
portion of their



economy to foreign ownership. Which of the following is a solution to
this dilemma?



a. Management contract


b. Indirect exporting


c. Licensing


d.
Turn-key project






10. The development of a new venture based on an inventor’s work often
requires_.



a.
Expertise of an entrepreneur



b. Heavy investment from financers


c. Skilled human resources


d. Highly educated staff





1. The importance of intellectual property should be understood by
entrepreneur even



before _________.


a. Hiring a manager


b.
Engaging an attorney



c. Developing a product


d. Establishing new venture





2. Which of the following is not followed in brainstorming?


a. Criticism is done by the
group members



b. The wilder idea is batter


c. Quantity of ideas is required


d. The session should be fun, with no on dominating the discussion





3. The former USSR received technology and syrup from Pepsi and
provided it with



Soviet vodka and rights to distribute it in the US. This is an example
of:



a. Economic development


b.
Barter system



c. Balance of payment


d. International trade





4. A patent is granted for a specified amount of time because of the
assumption:



a. During this time firm will cover its development costs


b. Firm will earn a sufficient profit during this period


c. To limit the monopoly of the firm


d.
It will stimulate idea and development of a batter product






5. Developing a new idea through inquiry and testing is called
_________.



a. Heuristics


b.
Scientific method



c. Forced relationship


d. Value analysis





6. In an international perspective, which of the following decisions
are not covered under strategic planning of an entrepreneur?



a.
What are unique characteristics of each market
?


b. Who should be involved in marketing decisions?


c. What customer benefits are provided by the product


d. What are the company’s major strengths and weaknesses?





7. Which of the following grants the owner protection from anyone else
making, using and selling the identified innovation?



a.
Utility patent



b. Design patent


c. Plant patent


d. International patent





8. The problem inventory analysis should b used primarily to:


a. Reflect a new business opportunity


b.
Identify product idea for further evaluation



c. Solve unknown problems


d. Develop a list of problems





9. Selling goods to another country through a person in the
entrepreneur’s home



country is known as _________.


a. Export


b. Direct export


c.
Indirect export



d. Domestic sales





10. Which of the following statements is not true about trademarks?


a. A trademark could be a slogan or a particular sound


b. Some trademarks have no relationship with the product


c. The filing date for the trademark becomes the first date use of the
mark



d. The entrepreneur can not
file after the mark already been in use






11. The product life cycle is included in which stage of product
planning and



development process?


a. Test marketing stage


b. Product development stage


c. Commercialization stage


d. Product planning and development process is a part of product life
cycle






12. Which of the following can not be covered under the copyright
protection?



a. Computer software


b. Computer hardware


c. Poems and songs


d. Models and sculpture





13. Idea of new product is tested in potential consumers to determine
consumer



acceptance at _________ stage.


a. Concept


b. Product development


c. Test marketing


d. Commercialization





14. According to the governing bodies of common laws, the life of
trade secret is:



a. 12 years


b. 17 years


c. 20 years


d. As long as it remains
confidential






15. Which of the following is used by entrepreneurs to acquire
experience in an



international market before making a major commitment?


a. Merger


b. Joint venture


c. Minority interest


d. Majority interest





16. The evaluation criteria for the new product should include all of
the following



except:


a. Determination of market demand


b. Determination of the
suppliers



c. Pricing and marketing policies of other competing firms


d. Product should be profitable





17. Licensing is a significant marketing strategy to:


a. Use intellectual property of others


b. Pirate others’ patents


c.
Grow the business in new markets



d. Control the costs


18. Automated stock replenishment, electronic selling and processing
of customers



orders and payments are examples of:


a.
E-business



b. E-commerce


c. E-trading


d. E-transaction





19. The longest lasting trade agreement with the objective of
liberalizing trade by



eliminating or reducing tariffs, subsidies and quotas is _________.


a. Free trade area – FTA


b. European community – EC


c. General agreement on tariffs
and trade – GATT



d. The north American free trade agreement – NAFTA





20. The most important characteristic of a successful business website
is



a.
Speed



b. Innovation


c. Graphics


d. Products





1. The _______ plan shows whether the business is economically
feasible or not.



a. Financial


b. Business


c. Economic


d. Marketing





2. In which of the following, the ownership of venture is reflected by
ownership of



shares of stock?


a. Partnership


b. Limited partnership


c. Corporation


d. Proprietorship





3. Bankers say that most businesses fail because of the _____
inability to plan properly.



a. Investor’s


b. Marketer’s


c. Entrepreneur’s


d. Consultant’s





4. The _______of a venture could be that the company has experience in
related business.



a. Strength


b. Weakness


c. Opportunity


d. Threat





5. The marketing plan should focus on strategies and for the first
year, goals and strategies should be projected __________.



a. Daily


b. Weekly


c.
Monthly



d. Quarterly





6. Which of the following is not a characteristic of marketing plan?


a. It should provide a strategy to accomplish the company mission


b. It should provide for the use of existing resources


c. It should be simple and short


d. It should be rigid





7. Secondary data can be obtained from all of the following sources,
except:



a. Internet


b. Magazine


c. Bureau of statistics


d. Focus group





8. Which of the following is one of the simplest form and lowest in
entry costs.



a. Direct mail marketing


b. Online marketing


c. Sales promotion


d. Export marketing





9. In ________, the death of entrepreneur results in the termination
of venture.



a. Proprietorship


b. Limited company


c. Limited partnership


d. Corporation





10. In partnership, the ability to raise capital depends on the
_______of the business.



a. Expansion


b. Success


c. Size


d. Nature





1. Which of the following are NOT the Accredited Investors?


a. Institutional investors


b.
Investors who purchase less than $150,000 of the issuer’s securities



c. Investors whose net worth is $1 million


d. Directors, officers, and general partners of the issuing company





2. Advertising and publicity are used to:


a. Create awareness of the new venture


b. Communicate with customers


c. Promote the products


d.
All of the given options






3. What is the practical maximum limit to the amount of loan money
guaranteed by



Small Business Administration?


a. $ ten thousand


b. $ hundred thousand


c.
$ one million



d. There is no limit





4. All of the following should be followed by entrepreneur for being
effective



leader, EXCEPT:


a. Show respect for employees


b. Show concern for employees’ welfare


c.
Try to do everything himself



d. Encourage and praise others





5. An entrepreneur may finance fixed assets by:


a. Inventory loans


b. Installment loans


c. Short-term debt


d. Long-term debt





6. The entrepreneur will find it easier to maintain control over cash,
disbursements



and inventory through:


a.
Record keeping



b. Hiring new employees


c. Having more partners


d. Financial controls





7. Recruiting and hiring of new employees may occur at which level?


a. Entry level


b. Middle management level


c. Senior management level


d.
At all three levels






8. Which of the following is the oldest development financing
institution?



a. Small Business Finance Corporation


b. Khushhali Bank


c. Regional Development Finance Corporation


d.
Industrial Development Bank of Pakistan






9. Under Rule 504 of Regulation D, a company can sell up to ______ of
securities in



any 12-month period.


a. $50,000


b. $100,000


c.
$500,000



d. $1,000,000





A(n)
------------------is a professional money manager who makes risk invest­ments
from a pool of equity cap­ital to obtain a high rate of return on investments.



Entrepreneur


Venture
capitalist



Manager


None of the mentioned options





The skills required by
entrepreneurs can be classified in to three main areas, one of them is:



Being
innovative



Personal entrepreneurial skills


Social
skills



None of the mentioned options





A good
--------------- must be developed in order to exploit the opportunity defined.



Venture


Organizational
culture



Business plan


None of the mentioned options





The entrepreneur employs a flat
organizational structure:



Which is hierarchical in nature?


Which is formalized


With informal networks


None of the mentioned options





What
causes people to do something?



Need for achievement


Need for independence


Motivation


None of the mentioned options





A ---------is the combination of
two firms that produce closely related projects in the same area.



Vertical merger


Product extension merger


Diversified activity merger


Horizontal
merger






The product planning and
development process is divided in five major stages. Which of the following is
not stage of this process?



Idea stage


Concept
stage



Production stage


Product development stage





The situation analysis is a review of where the company has
been and considers many of the



Products
or services



Pricing


Environmental factors


Distribution





The
financial plan provides the ------------basis for budgeting.



Short-term


Long term


Both of
the options given



None of the options given





When the
business does not have assets to sup­port a loan, the entre­preneur may need:



Inventory
loans



Accounts payable loans

Character loans




Equipment loans








Synectics
is a:



Step in entrepreneurial process


Form of international
entrepreneurship



Creative problem solving technique


None of the mentioned options





------------is free advertising
provided by a media outlet.



Publicity


Internet Advertising


Trade Shows


Advertising Agency








Gazelles are the firms
with:
► High growth rate
► Moderate growth rate
► Zero growth rate
► Low growth rate




The resources acquired from others(creditors, banks etc) are usually:
Easily available??
Difficult to obtain
Very useful
Very cheap

Which of the following statements about the intrepreneurial climate is (are)
true?
Trial and error are discouraged.
Resources of the firm need to be available
and easily accessible

A multidisciplinary approach is discouraged.
Failures are not allowed






The difference in the entrepreneurial and managerial domains
has contributed towards an increase interest in:
Forming new firms
Partnership
Intrapreneurship
Private firms

The commitment of administrative domain to the resources is for:
Periodic intervals
Total amount needed
For certain tasks
For long time






Which one of the following is NOT an intrapreneurial
leadership characteristic?
Select correct option:
Understands environment
Encourage the team work
Not flexible
Persistent





Q #7: Which one of the following is the first
step in the entrepreneurial process?
A. Developing successful business ideas
B. Deciding to become an entrepreneurC. Growing the entrepreneurial firm
D. Moving from an idea to an entrepreneurial firm

Factors contribute to the creation of new venture EXCEPT:
Government
Finance
High interest rates
Role models

The activities which occur when the new venture is started are called:
Motivation
Goal orientation
Departure point
Business skills

The entrepreneur must possess the abilities:
Creative
Conceptualization
Understanding environment
All of the given options

In terms of chronological age, most entrepreneurs initiate their
entrepreneurial carrier between ages of:
15 and 22
22 and 45
45 and 57
57 and 63





Admin
Administrator

Number of posts : 8137
Age : 44
Location : Sharqi Abadi Mustafabad Kasur
Job/hobbies : Do more for other
Mode (i.e. cool, angry etc) : Serious
Warining :
0 / 1000 / 100

Rate by Admin :
0 / 1000 / 100

Reputation : 22
Registration date : 2007-10-23

View user profile http://meo786.forumotion.com

Back to top Go down

Re: MGT 602 Enterpnure All Quiz

Post by Admin on Mon Jan 04, 2010 12:53 pm


The chief motivational factor for _________________ entrepreneurs to leave jobs
is the frustration of not being allowed to perform at the level of which they
are capable.
Male
Female
Young
All of the given options

Which of the following firm achieves modest growth:
High potential growth firm
Foundation firm
Life style
Public company






The startups which rarely go public are called:
Life style
Foundation Company
Small company
High potential venture

It is proved that most businesses failed because of improper planning of an/a:
Investor
Marketer
Entrepreneur
Consultant


Which one of the following culture that has a climate and reward system that
favor conservative decision making?
Entrepreneurial
Intrapreneurial
Corporate
None of the given options

Which of the following has a contradictory relationship with an individual for
being an entrepreneur?
His birth order
Parents’ social status
Parents’ occupation
Relationship with parents






Which one of the following is the fourth step in the
entrepreneurial process?
Select correct option:
Developing successful business ideas
Deciding to become an entrepreneur
Growing the entrepreneurial firm
Moving from an idea to an
entrepreneurial firm

All of the following are the broad categories of External forces EXCEPT:
Economic forces
Socioeconomic forces
Technological forces
Competitive forces

External forces directly affect all of the following EXCEPT:
Market segmentation strategies
Types of products/services offered
Management structure of organization
Choice of businesses to acquire or sell

There is evidence that an entrepreneur usually has _______________ parents.
Self employed
Discouraged
Non supportive
Strict






Government can help in forming new venture by providing:
Finance
Technology
Infrastructure
Subsidiaries






The decision to start a new business is taken when one
perceives that forming a new business is:
Possible
Desirable
Accurate
Both a and b

An entrepreneur into the hosiery
business found out the reason his hosiery was not selling was due to its color.
What could be the best source of this information?
Supplier
Retailer
Competition
Government bureau

Which two work environments should be good for spawning the new enterprises?
Select correct option:
Finance and marketing
Finance and R&D
Marketing and R&D
Marketing and IT






Which of the following receives highest investment?
High potential venture
Foundation firm
Life style
Public company

Which one of the following is required to develop a good team for creating
something new?
Relationship with team members
Open discussion
Non flexible behavior
Discouragement of team member’s ideas






Good entrepreneurs are usually from families which are:
Landlords
Capitalists
Can be from any family with
supportive parents ??
Conservative parents

___________ is required if a company wants to be more flexible in adopting
changes.
Management commitment
Contact with customers
Technology
More productivity








google_protectAndRun("ads_core.google_render_ad", google_handleError, google_render_ad);
Q #1: The entrepreneur was distinguished from capital provider in:
A. Middle ages
B. 18th centuryC. 17th century
D. 19th and 20th century

Q #2: ___________ Process of creating incremental wealth is called
Entrepreneurship.
A. DynamicB. Static
C. Continues
D. Systematic

Q #3: Most important factor in forming a new business is:
A. Finance B. Marketing
C. Govt Support
D. Family Support

Q #4: Which one of the following is the process of entrepreneurs developing new
products that over time make current products obsolete?
A. Creative destructionB. New business model
C. Anatomization
D. None of the given options

Q #5: The intersection of knowledge and a recognized social need to start a
product
development process is called:
A. Iterative synthesis B. Product-evolution process
C. Ordinary innovation
D. Situation analysis

Q #6: Which one of the following is the primary cause of failure in small
businesses?
A. Poor financial control
B. Poor location
C. Management mistakes D. Improper inventory control

Q #8: Which of the following is NOT included in the opportunity evaluation
process?
A. Length of the opportunity
B. Real and perceived value of opportunity
C. Goals and objectives of customers D. Risks and rewards of opportunity

Q #9: The resistance of employees in an organization against flexibility,
growth, and
diversification can be overcome by developing:
A. EntrepreneurshipB. Intrapreneurship
C. Managerial domain
D. Administrative domain

Q #10: The entrepreneur’s_______________ depends on his perception of the
opportunity.
A. Commitment to opportunity
B. Commitment of resources
C. Control of resources
D. Strategic orientation
Q #11: Which of the following statements about the entrepreneurial climate is
(are) true?
A. Trial and error are discouraged
B. Resources of the firm need to be available and easily accessible
C. A multidisciplinary approach is discouraged
D. Failures are not allowed
Q #12: Which of the following makes the formation of new venture difficult
within a
corporate culture?
A. Lack of intrapreneurial talentB. Lack of freedom to make autonomous decisions
C. Lack of market opportunity
D. All of the given options

Q #13: Which of the following factors has allowed small companies to act like
they are
big ones?
A. Competition
B. Economic development
C. Technology D. Customers

Q #14: Which of the following is alternatively called corporate venturing?
A. EntrepreneurshipB. Intrapreneurship
C. Act of stating a new venture
D. Offering new products by an existing company

Q #15: Being one’s own boss is a need of:
A. Independence B. Achievement
C. Affiliation
D. Authority

Q #16: An individual’s need to be recognized is called:
A. Need for independenceB. Need for affiliation
C. Need of fame
D. Need for achievement

Q #17: Which one of the following factors does not affect a person for being an
entrepreneur?
A. Family background
B. Education
C. Personal Values
D. Gender
Q #18: Female entrepreneurs differ from male entrepreneurs in terms of all of
the
following EXCEPT:
A. Motivation
B. Business skills
C. Departure pointD. Goal orientation

Q #19: Which of the following areas are preferred by women entrepreneurs?
A. Administration B. Utilities
C. Manufacturing
D. None of the above


Q #20: Which one of the following is NOT TRUE about male entrepreneurs?
A. Males often have investors, bank loans, or personal loans in addition to
personal
funds
B. Males often have more experience in manufacturing, finance, or technical
areas
C. Men are often more confident and less flexible and tolerant
D. Men usually list outside advisors as the least important
supporters

Admin
Administrator

Number of posts : 8137
Age : 44
Location : Sharqi Abadi Mustafabad Kasur
Job/hobbies : Do more for other
Mode (i.e. cool, angry etc) : Serious
Warining :
0 / 1000 / 100

Rate by Admin :
0 / 1000 / 100

Reputation : 22
Registration date : 2007-10-23

View user profile http://meo786.forumotion.com

Back to top Go down

Re: MGT 602 Enterpnure All Quiz

Post by Admin on Mon Jan 04, 2010 12:59 pm

There is an evidence that an entrepreneur usually has
_______________ parents.
► Self employed► Discouraged
► Non supportive
► Strict






The level at which an individual is viewed by society is
called:
► Financial status
► Qualification
► Social status► Achievement






With a commercial history of only 300 years, which country
was a new comer to the international arena?
► Japan
► U.S
► China
► U.K






Professional support network includes following EXCEPT:
Personal affiliations
Mentor
Trade associations
Friends






Which of the following is NOT a characteristic of an
entrepreneur?
Need for independence
Need for affiliation
Need for achievement
Risk taking












Offline Quiz 2
Q# 1: International entrepreneur’s decisions are more complex because of:
A. Business expansion
B. Analysis of Huge information is difficult
C. Complex transactions
D. Uncontrollable factors






Q# 2: Which one of the following is NOT the problem in
developing the economies
under different developed countries?
A. Gap of knowledge
B. Variable rate of return
C. Different accounting system
D. Same communication style






Q# 3: When the multiplicity of environments become too
complex to handle, the
international entrepreneurs often __________.
A. Go for mergers
B. Diversify
C. Decentralize operations
D. Sale out the foreign business






Q# 4: In stage of responsibility allocation process the
entrepreneur follows:
A. Highly decentralized decision making processB. Somewhat centralized decision making process
C. Highly centralized decision making
process

D. No particular standard






Q# 5: Following are the types of foreign direct investment
EXCEPT:
A. Joint venture
B. Management contracts
C. Management contracts
D. Merger






Q# 6: An ice cream producing company merges with a cotton
spinning company this
merger is an example of:
A. Product extension merger
B. Diversified activity merger
C. Market extension merger
D. Vertical merger






Q# 7: Which one of the following gives suggestions for new
product but also helps to
market new product in the market?
A. Existing products and services
B. Distribution channels
C. Federal government
D. Consumers






Q# 8: Which one of the following is important for
international business to avoid trade
barriers?
A. Protectionist attitude
B. Entrepreneurial partnering
C. Free trade areas
D. None of the given options






Q# 9: Which one of the following is NOT a source of idea
generation?
A. Consumers
B. Brain storming
C. Focus group
D. None of the given options






Q# 10: A patent is granted for a specified amount of time
because of the assumption:
A. That during this time firm will cover its development costs
B. That firm will earn a sufficient
profit during this period
C. To limit the monopoly of the firm
D. That it will stimulate idea and development of a better product






Q# 11: Which of the following is NOT followed in
brainstorming?
A. The wilder idea is better
B. Criticism is done by the group
members
C. Quantity of ideas is required
D. The session should be fun, with no on dominating the discussion






Q# 12: Developing a new idea through inquiry and testing is
called:
A. Heuristics
B. Scientific method
C. Forced relationship
D. Value analysis






Q# 13: The product life cycle starts with which stage of
product planning and
development process?
A. Test marketing stage
B. Product development stage
C. Commercialization stage
D. Product planning and development
process is a part of product life cycle






Q# 14: The evaluation criteria for the new product should
include all of the following,
EXCEPT:
A. Determination of market demand
B. Pricing and marketing policies of other competing firms
C. Determination of the suppliers
D. Product should be profitable






Q# 15: Which of the following is NOT a requirement of
Disclosure Document?
A. Description of the invention
B. Photos of invention
C. Claims for invention’s usefulness
D. Cover letter






Q# 16: Which of the following grants the owner protection
from anyone else making,
using and selling the identified innovation?
A. Utility patent
B. Design patent
C. Plant patent
D. International patent






Q# 17: Which of the following can NOT be covered under the
copyright protection?
A. Computer software
B. Computer hardware
C. Poems and songs
D. Models and sculpture






Q# 18: Licensing is a significant marketing strategy to:
A. Use intellectual property of others
B. Pirate others’ patents
C. Grow the business in new markets
D. Control the costs






Q# 19: Which one of the following is the main problem for
the entrepreneur in the
beginning?
A. Lack of experience
B. Lack of education
C. None of the given options
D. Limited resources






Q# 20: Which of the following is NOT essential part of the
contract?
A. All the parties envolved should be named
B. Transaction should be described in
detail
C. Obtain signatures of the persons envolved
D. Place where contract takes place







The assessment of the needed resources by the entrepreneur
starts with:



An appraisal of the entrepreneur’s
present resources



An assessment of economic
conditions of the country



A scanning of friends and family
for funds



A survey of banks and other
financial institutions in the area






Which one of the following is a firm that achieves modest
growth?



High potential growth firm


Foundation firm


Life style


Public company





Which one of the following system is necessary for expansion
and elimination of intrapreneurial units?



Management


Evaluation


Reward


Training





An entrepreneur doing business within the national border is
called:



International entrepreneurship


Intrapreneurship ??


Domestic entrepreneurship


Imports








Which of the following has not yet been empirically
established as a distinguishing characteristic of entrepreneurs?
► Locus of control
► Feeling about independence
► Need for achievement
► Risk taking






A company dealing in beer has a merger with cigarettes
manufacturing firm. This merger is called:
► Horizontal merger
► Product extension merger
► Market extension merger
► Vertical merger

Which one of the following is an important source of idea generation due to
their familiarity with the needs of market?
► Existing products and services
► Distribution channels
► Federal government
► Consumers






Which of the following techniques is an excellent method for
intial screening of ideas and concepts?
► Focus group
► Problem inventory analysis
► Brain storming
► Reverse brainstorming






Which one of the following is the next stage to the Concept
Stage of Product Planning and Development Process?
► Idea Stage
► Product Planning Stage
► Product Development Stage
► Test Marketing Stage

Which one of the following is a method for obtaining new ideas and solutions by
focusing on problems?
► Product inventory analysis
► Gordon method
► Checklist method
► Scientific method

Which one of the following is the main problem for the entrepreneur in the
beginning stages of creating a new venture?
► Lack of experience
► Limited resources
► Lack of education
► None of the given options

A legally binding agreement between two parties is called:
► A contract
► Licensing
► Insurance
► A copyright






Which of the following is included in the description of the
business?
► Location
► Products offered
► History
► All of the given options






The marketing perspective of business plan considers the
venture through the eyes of:
► Investor
► Customer
► Entrepreneur
► Marketing manager






Which one of the following is NOT a condition of a contract?
► An offer is made
► An acceptance of offer
► Counter offer
► Consideration is given






For which of the following copy right acquisition is
desirable?
► Songs
► Poems
► Models
► All of the given options






Which of the following is TRUE for Disclosure Document?
► It gives recognition that he was the inventor of the idea in past
► It gives recognition that he is the first the inventor of the idea
► It gives recognition that he will be the invent an idea in future
► It gives recognition that he wants to copy the idea






Trade barriers cause:
► Increase in cost
► Decrease in cost
► Increase in profit
► None of the given options






Having more than 50% ownership position that provides the
entrepreneur with managerial control is called:
► Joint
venture
► Majority interest
► Horizontal merger
► Diversified activity merger






GATT is established in 1947, under:
► German leadership
► French leadership
► U.S. leadership ??
► U.K. leadership






Which of the following is a method of selling goods to
another country through a person in the entrepreneur’s home country?

► Trading
► Direct export
► Indirect export
► Domestic sales









In some countries, point of
purchase displays
are not allowed in retail stores. Such differences
are studied by international entrepreneurs under __________.
► Economic Environment
► Political Environment
► Cultural Environment
► Technological Environment






Most of the finance for the
new firm comes from following resources EXCEPT:
► Friends
► Foreign aid
► Relatives
► Personal savings






Which of the following
factors is the most important in forcing U.S companies to focus on new product development and increased
productivity?
► Entrepreneurship
Hyper competition
► Governmental laws
► Organizational culture









Which of the following is
required for a company that wants to be more flexible in adopting changes?
► Management commitment
► Contact with customers
► Technology
► More productivity






Which of the following
typical culture has a climate and reward system that favors conservative
decision making?
► Entrepreneurial
► Intrapreneurial
► Corporate
► None of the given options






Which of the following
statement about the intrapreneurial climate is true?
► Trial and error are discouraged
► Resources of the firm need to be available and easily accessible
► A multidisciplinary approach is discouraged
► Failures are not allowed






Which of the following are known as barriers to new product
creation and development?
► Trial and error
► Opportunity parameters
► Opportunity cost
► Intrapreneurship culture






All of the following are true regarding male entrepreneurs
EXCEPT:
► Typically most male entrepreneurs
are first-borns
► Dissatisfaction with present job is a departure point for a male
entrepreneur
► Male entrepreneurs mostly have a occupational background of middle-management
or administrative-experience in the field
► Male entrepreneurs tend to be opinionated and persuasive in their approach






Entrepreneurial endeavors consist of all of the following
key elements Except:
► New business venturing
► Increasing productivity
► Innovativeness
► Proactiveness






The former USSR received technology and syrup from Pepsi and
provided it with Soviet vodka and rights to distribute it in the US. This is an
example of:
► Economic development
► Barter system
► Balance of payment
► International trade






Which one of the following may need the business plan?
► Employees
► Investors
► Advisors
► All of the given options






Following are the problems in developing the economies
EXCEPT:
Gap of knowledge
Variable rate of return
Same communication style
Different accounting system






Which of the following is a more structured method of
problem solving, including principles and rules for concept formation, making
observations and experiments, and finally validating the hypothesis?
Scientific method
??Heuristics
Attribute listing
Value analysis






Which of the following is used by entrepreneurs to acquire
experience in an international market before making a major commitment?
Merger
Joint venture
Minority interest
Majority interest






Which of the following plan shows the economically
feasibility of business?
Business
Financial
Economic
Marketing









What are the number of questions a marketing plan usually
answers?
5
2
3
4






Which of the following allows the entrepreneur to establish
controls on the process during the implementation of the marketing plan?
Sales data
Research data
Consumer data
Technical data






Which of the following shows the charectiristic of the
venture that has experience in related business?
Strength
Weakness
Opportunity
Threat






Advertising and promotion for the business-to-business
market involve all of the following EXCEPT:
Indirect sales
Trade magazine advertising
Direct sales
Trade shows






In which of the following, banks are usually reluctant to
give loan?
Sole Proprietor
Public Limited Companies
Partnership firm
Private Limited Companies






In which of the following majority holds the management
control?
Partnership
Corporation
Limited liability company
All of the given options

Which of the following represents the shares in borrowing of Large Enterprises
in Pakistan?
68%
65%
66%
67%






Which of the following represents the environment in which
entrepreneurship can’t grow?
Boom
Vacuum
Maturity
Introductory Phase






"What the entrepreneur hopes to accomplish"
includes in which section of business plan?
Vision statement
Mission Statement
Goal Statement
All of the above






Which of the following shows the standard acceptable term of
a Limited Liability Company?
Three
Ten
Twenty
Thirty






Which one of the following provides a guideline in
determining hiring procedures?
Job description
Job specification
Job analysis
Job evaluation






The S corporation combines the tax advantages of which one
of the following?
Proprietorship and limited liability company
Partnership and corporation
Corporation and limited liability company
Partnership and proprietorship






Which of the following is the base of Job Advertisement?
Job Description
Job Specification
Job identification
All of the above options

Which of the following shows the results from the difference between actual
cash receipts and cash payments?
Revenue
Profit
Cash flow
Income statement






What is the primary concern of entrepreneurs, who trade
equity for their growing venture?
Control
Valuation
Investor capabilities
Capitalization






When the business does not have assets to sup¬port a loan,
the entre¬preneur may go for which one of the following options?
Character loan
Straight commercial loan
Installment loan
Long term loan





Which of the following number of years a
mortgage loan may possibly cover?
10
20
30
40





Admin
Administrator

Number of posts : 8137
Age : 44
Location : Sharqi Abadi Mustafabad Kasur
Job/hobbies : Do more for other
Mode (i.e. cool, angry etc) : Serious
Warining :
0 / 1000 / 100

Rate by Admin :
0 / 1000 / 100

Reputation : 22
Registration date : 2007-10-23

View user profile http://meo786.forumotion.com

Back to top Go down

Re: MGT 602 Enterpnure All Quiz

Post by Admin on Mon Jan 04, 2010 1:00 pm

In which of the following techniques, money is given to a
firm for developing a technology and involves a tax shelter?
Small business administration loans
Cash flow financing
Small business innovation research grant
Research and development limited partnership





The overall coordinating party in an agreement is:
Limited partner
Major partner
Minor partner
General partner






Which of the following includes grants from the U.S.
government to small technology based businesses?
Small business administration loans
Small business innovation research grant
Research and development limited partnership
Installment loans






Which of the following is a formalized method for obtaining
funds from private investors?
Private placement
Private offering
Regulation D
Bootstrap financing






When did the Sindh Small Industries Corporation launch its
credit scheme?
1972-73
1978-79
1988-89
1992-93






Which of the following is a type of leverage ratio?
Debt ratio
Net profit margin
Return on investment
Current ratio






The mean age of entrepreneurial enterprises in Pakistan is:
12 years
15 years
20 years
22 years






In most cases, the venture capitalist:






Seeks control of the company
Never expects a seat on the board of directors
Expects the management team to run the daily operations
Prefers not to interfere in planning and expertise areas









Conflicts in Management thoughts and Entrepreneur thoughts
are resolved by which of the following company?

Xerox
Unilever
Walls
Volta






In which of the following era entrepreneur enters into a
contract with government to perform a service?
20th century
Earliest period
Middle ages
17th century






In entrepreneurial domain the commitment to opportunity has
short time span but in managerial domain it is:
For 1 month
For 6 months
For long time span
For 1 year






Moral support network includes all of the following EXCEPT:
Spouses
Friends
Business associates
Relatives






Professional support network includes all of the following
EXCEPT:
Personal affiliations
Mentor
Trade associations
Friends






The level at which an individual is viewed by society is
called:



► Financial
status




Qualification



► Social
status



► Achievement





Individuals who help the
entrepreneur in business activities are called:



► Role models


► Moral support networks


► Professional support networks


► Business support networks





Following are the problems in developing the economies EXCEPT:


► Gap of
knowledge



► Variable
rate of return



► Same
communication style



► Different
accounting system






Which one of the following is a business arrangement in
which someone else is allowed to use something of the company?



► Patent


► Trade mark


► Copy right


► Licensing





Which of the following method entrepreneur can use to do
international business with least risk?



► Turnkey
projects



► Joint
venture



► Merger


► Synergy





Combination of at least two firms at different market levels
is called:



► Joint
venture



► Synergy


► Horizontal
merger



► Vertical
merger






A patent is granted for a specified amount of time because
of the assumption:



► That during
this time firm will cover its development costs



► That firm
will earn a sufficient profit during this period



► To limit the
monopoly of the firm



► That it will
stimulate idea and development of a better product






A/an ______ is an online connection between the company and
its customers.



► Internet
advertising



► Website


► E-Commerce


► World Wide
Web






Which one of the following is the next stage to the Concept
Stage of Product Planning and Development Process?



► Idea Stage


► Product
Planning Stage



► Product
Development Stage



► Test
Marketing Stage






Which of the followings gives the owners a negative right,
preventing anyone from making, using, or selling the invention?



► Patent


► Copyright


► Trade mark


► Trade secret





Which one of the following is a longest lasting trade
agreement with the objective of liberalizing trade by eliminating or reducing
tariffs, subsidies and quotas?



► Free trade
area – FTA



► European
community – EC



► General
agreement on tariffs and trade – GATT



► The North
American free trade agreement – NAFTA






Which of the following grants protection to owner from
anyone else making, using and selling the identified innovation?






► Utility
patent



► Design
patent



► Plant patent



International patent






Which one of the followings statements is NOT true about
trademarks?



► The
entrepreneur can not file after the mark already been in use



► A trademark
could be a slogan or a particular sound



► Some
trademarks have no relationship with the product



► The filing date for the trademark becomes the first date
use of the mark






According to the governing bodies of common laws, the life
of trade secret is:



► 12 years


► 17 years


► 20 years


► As long as
it remains confidential






Which one of the following protects continuity of the
business(specially in partnership)?



► Property
insurance



► Casualty
insurance



► Life
insurance



► Bonding





A legally binding agreement between two parties is called:


► A contract


► Licensing


► Insurance


► A copyright





Information regarding all of the following is related to
operations, EXCEPT:



► Location


► Promotion


► Raw
materials



► Labor skills





Which of the following is NOT studied in industry analysis?


► Economic
conditions



► Technology
advancements




Organizational culture



► Legal
concerns






Which one of the factors should be considered while
assessing the location for business?



► Parking


► Access from
roadways to facility



► Delivery
rates



► All of the
given options






Which one of the following is NOT included in four C’s
evaluation by lender?



► Character


► Cost


► Continuity


► Contribution






Which of the following is a characteristic of a good
partner?



► Help to
achieve goals



► Share
entrepreneur’s vision



► Do not
exploit the partnership



► All of the
given options






Having more than 50% ownership position that provides the
entrepreneur with managerial control is called:



► Joint
venture



► Majority
interest



► Horizontal
merger



► Diversified
activity merger






Which one of the following is a sound strategic option for
an entrepreneur when synergy is present?



► Merger


► Joint
venture



► Minority
interest



► Majority
interest






Which of the following is a method of selling goods to
another country by taking care of transactions?



► Indirect
exporting



► Direct exporting


► Importing


► Management
contract






Following are the types of non-equity arrangements EXCEPT:


► Licensing


► Management
contracts



► Direct
export



► Turnkey
projects






Andrew Carnegie is an example of
entrepreneur of which century:



► Earliest period


► 19th and 20th century


► Middle ages


► 17th century





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



► Earliest period


► Middle ages


► 17th century


► 19th
and 20th century






In some countries, point of purchase displays are not
allowed in retail stores. Such differences are studied by international
entrepreneurs under __________.



► Economic
Environment



► Political
Environment



► Cultural
Environment




Technological Environment






Which of the following factor is most important in forming a
new business?



► Finance


► Marketing


► Government
support



► Family
support






Most of the finance for the new firm comes from following
resources EXCEPT:



► Friends


► Foreign aid


► Relatives


► Personal
savings






Which one of the following is the process of entrepreneurs
developing new products that over time make current products obsolete?



► New business
model




Anatomization



► Creative
destruction



► None of the given options





The intersection of knowledge and a recognized social need
to start a product development process is called which of the following?



► Iterative
synthesis




Product-evolution process



► Ordinary
innovation



► Situation
analysis






A foundation company is formed through which of the following?


► Fashion


► Most popular
business



► A winding up
company



► Research and
development






Which of the following factors is the most important in
forcing U.S companies to focus on new product development and increased
productivity?



► Entrepreneurship


► Hyper
competition



► Governmental
laws




Organizational culture






Which of the following areas are preferred by women
entrepreneurs?



► Administration


► Utilities



Manufacturing



► None of the
above






Individuals influencing an entrepreneur’s career choice and
style are known as which of the following?



► Role model



Moral-support network



► Professional
support network



► Support
system






An entrepreneur is also successful in international business
as well if he understands:



► Difference
of domestic and international business



► Domestic
business




International business



► None of the
given options






Which of the following is NOT an important aspect of
international success?



► Planning



Diversification



► Reporting


► Control





Question No: 41 (
Marks: 5 )



What is
meant by role models? What role do they perform?









Question No: 42 (
Marks: 5 )



Briefly discuss
the product planning and development process.






Question
No: 41 ( Marks: 5 )
Discuss the role of childhood family environment, which differentiate the
entrepreneur from general public.


Question No: 42 ( Marks: 5 )
While entering into the international market the companies usually have
strategic planning process. What should be considered in the strategic
planning?






1. Entrepreneur private offering
2. Partnership differ with limited liability.
3. New venture formation
4. ABN Amro bank advantages.
5. Selling concept in different entities of business.
--------------------------

Do you perceive that entrepreneurship thoughts have conflicts with the
management thoughts with reference to decision making ability 5 marks

Discuss how acquisitions are different from joint ventures 5 marks

An "S Corporation" is a corporation which has elected to have its
profits pass through to its shareholders, in the same manner as a partnership
or sole proprietorship. Write down the pros and cons of "S Corporation".10
marks

Suppose you are the owner of textile industry and now you want to open a new
hotel at mall road. What would be the different type of loans a bank will give
you? 10 marks

What are Small Business Administration Loans? In what circumstances are they
used by entrepreneurs? Discuss important features of Small Business
Administration loans with the prospect of entrepreneurship.
10 marks









Question No: 41 ( Marks: 5 )
Differentiate the operating budget from capital budget?

Question No: 42 ( Marks: 5 )
It is said that advertising agencies are meant for the promotional tools. Why
do you think that it is a correct statement?

Question No: 43 ( Marks: 10 )
An "S Corporation" is a corporation which has elected to have its
profits pass through to its shareholders, in the same manner as a partnership
or sole proprietorship. Write down the pros and cons of "S
Corporation".

Question No: 44 ( Marks: 10 )
Suppose you want to calculate the net worth of your business. What kind of
statement will you use in order to calculate the net profit? Also discuss its
key feature.

Question No: 45 ( Marks: 10 )
Product or service is the basis of building the marketing plan. What are the
major factors which should be included while writing the marketing plan of a product
or service?







41. Differentiate between Current Ratio and Acid Test Ratio 5 Marks
42. 5 marks.
43. Suppose you are Marketing Manager of ABC Company. Company has launched a
new venture. What will be your responsibilities for the successful launching of
the venture? 10
44. Internet advertisement has effect on today's business. Keeping in view what
roll internet can play for a new venture? 10 marks
45. Industrialization play important roll in the economy of any country. Give
comments. 10 mks
-----------------------------------------
Describe disadvantages of aquisition.(5)
writr reasons why organizational plan fails(5)
Write about Equity and debt (5)
------------------------------------------------------

1. What you understand by S Corporation 5

2. if you select as marketing manger in Marble Tiles, Which Charcteristic you
use to promote the business. 10

3. being a student of MBA we are agree with the advantages of Marketing Plan,
decirbr the some disadvantages of Marketing Plan, also discuss the Advantages.
10

4. to start a new venture which type of cost you needed 5

-----------------------------------------------------------






Differentiate the operating budget from capital budget? 5


Why small and medium enterprises suits in Pakistani
environment? Discuss reasons. 5



Suppose you want to start a new venture. What could be the
different forms of starting new venture by considering the cost factors?
Explain them briefly. 10



Financial Plan


Suppose you are running your automobile business. Due to the
good market condition you are in the need of extension of your business. Now
being an entrepreneur what kind of method you will use for hiring new
employees? 10



Suppose you have started a new venture of non profit
organization. While organizing the structure of your “Emergency Team”, which
will participate in disaster relief activities, what factors you will consider?
10

Admin
Administrator

Number of posts : 8137
Age : 44
Location : Sharqi Abadi Mustafabad Kasur
Job/hobbies : Do more for other
Mode (i.e. cool, angry etc) : Serious
Warining :
0 / 1000 / 100

Rate by Admin :
0 / 1000 / 100

Reputation : 22
Registration date : 2007-10-23

View user profile http://meo786.forumotion.com

Back to top Go down

Re: MGT 602 Enterpnure All Quiz

Post by Sponsored content


Sponsored content


Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum