MGT 602

More Than 1000 Solved MCQs of MGT602 Entrepreneurship By
http://vugoogle.com
Which of the following factors does not affect a person for being an entrepreneur? Select correct option: Family background Education Personal values Gender Which one of the following is a barriers to new product creation and development? Select correct option: Trial and error pportunity parameter pportunity cost Intrapreneurship culture Which of the following has a contradictory relationship with an individual for being an entrepreneur? !is birth order Parents" social status arents! occupation #elationship with parents
http://vugoogle.com1
$n which of the following sources the large positive cash flow may need to be invested? %ong term Short ter" &verage term 'one of the above options (ood entrepreneurs are usually from families which are: %andlords )apitalists Can #e fro" any fa"ily $ith supportive parents )onservative parents The evaluation criteria for the new product should include all of the following* E+)EPT: Select correct option: ,etermination of market demand %eter"ination of the suppliers Pricing and marketing policies of other competing firms Product should be profitable & short-term* internal source of funds can be obtained by reducing all of following E+)EPT Select correct option: Short-term assets Cash Fi.ed assets $nventory
Which one of the following is ' T an $ntrapreneurial leadership characteristic? /nderstands environment Encourage the team work &ot fle'i#le Persistent 0eing one"s own boss is a need of: $ndependence &chievement &ffiliation &uthority Which one of the following is ' T an e.ternal factor? 'ew regulations )ompetition Social changes Manufacturin( Which one of the factors should be considered while assessing the space for business? Parking &ccess from roadways to facility ,elivery rates )ll of the (iven options Which of the following is ' T followed in brainstorming? Criticis" is done #y the (roup "e"#ers The wilder idea is better 1uantity of ideas is re2uired The session should be fun* with no on dominating the discussion
The commitment of administrative domain to the resources is for: Select correct option: Periodic intervals Total a"ount needed For certain tasks For long time Which of the following budget is re2uired for the purchase of new e2uipment? Sales 0udget perational 0udget Capital Bud(et 3anufacturing 0udget The ____ plan describes how the product will be distributed and priced4 Financial Production 5enture Mar*etin( The marketing perspective of business plan considers the venture through the eyes of: $nvestor Custo"er Entrepreneur 3arketing manager
& 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 $ill sti"ulate idea and develop"ent of a #etter product Which of the following contains all backup material that is not included in the te.t of business plan? !istory of entrepreneur Financial plan )ppendi' 0ibliography 0anks are usually reluctant to give loan to the Private %imited )ompanies Partnership firm Public %imited )ompanies Sole roprietor Sales revenue of the internet based business can be pro6ected from the: 'umber of customers 'umber of !its 'umber of clicks )ll of the a#ove options Following are the types of foreign direct investment E+)EPT: 7oint venture Mana(e"ent contracts 3inority interest 3erger
Which one of the following is re2uired to develop a good team for creating something new? #elationship with team members +pen discussion 'on fle.ible behavior ,iscouragement of team member"s ideas There is evidence that an entrepreneur usually has _____________ parents4 Self e"ployed ,iscouraged 'on supportive Strict The entrepreneur must possess the abilities: )reative )onceptuali8ation /nderstanding environment )ll of the (iven options (&TT is established in 9:;<* under: 7apan leadership )hina leadership ,-S- leadership /4=4 leadership
Which of the following geographical area is having least interest to /4S4 entrepreneurs? Select correct option: Europe The Far East
Central )sia Transition economies Which of the following factors does not affect a person for being an entrepreneur? Work history &ationality Education Personal values The most sensitive plan in the business plan is? perational Plan Production Plan Mar*etin( lan Financial Plan & typical inventor is usually ______________________4 .i(hly creative / in love $ith the invention ,oes not encourage change Willing to modify the invention in order to augment commercial benefit 'one of the given options The former /SS# received technology and syrup from Pepsi and provided it with Soviet vodka and rights to distribute it in the /S4 This is an e.ample of: Economic development Barter syste" 0alance of payment $nternational trade
3oral support network includes following E+)EPT: Spouses Friends Business associates #elatives 0anks are usually reluctant to give loan to the Select correct option: Private %imited )ompanies Partnership firm Public %imited )ompanies Sole roprietor & contract must be signed by: &t least one party Both the parties 'ot necessary to sign 0y third party The commitment of administrative domain to the resources is for: Select correct option: Periodic intervals Total a"ount needed For certain tasks For long time
What is the primary concern of founders who trade e2uity for capital for their growing venture? Select correct option: )apitali8ation $nvestor capabilities
5aluation )ontrol Which one of the following is ' T the problem in developing the economies of different under developed countries ? (ap of knowledge 5ariable rate of return Sa"e co""unication style ,ifferent accounting system Which of the following is the backbone of financial plan? Select correct option: 0udgeting Capital 'ature of the business &ll of the above options Which one of the following is ' T included in four )"s evaluation by lender? Select correct option: )haracter )ost Continuity )ontribution Which one of the following is a sound strategic option for an entrepreneur when synergy is present? Select correct option: 3erger 0oint venture 3inority interest 3a6ority interest
Which of the following is the previous name of S3E? Select correct option: SP)) SME%) S0F) F30) $n which of the following year implementation of S0& Financial plan took place? Select correct option: 9:<9 1122 9:<> 9:<; &n ice cream producing company merges with a cotton spinning company this merger is an e.ample of: Select correct option: %iversified activity "er(er Product e.tension merger 3arket e.tension merger 5ertical merger ,irectors in corporation are elected by the?___ Select correct option: 3iddle %evel 3anagers Entrepreneur Shareholders
%ow level 3anagers
The difference between the value of a country"s imports and e.ports over time is called: Select correct option: ,eficit e.ports ,eficit imports Balance of pay"ent 0alance of debt Which of the following is ' T a re2uirement of ,isclosure ,ocument? Select correct option: ,escription of the invention Clai"s for invention!s usefulness Photos of invention )over letter &ccording to 3c)lelland"s need theory* entrepreneurs possess which of the following needs? Select correct option: &eed for achieve"ent 'eed for power 'eed for affiliation 'eed for esteem The _______ plan should contain control points to ascertain progress4 Select correct option: Business 3arketing Financial perational
Which one of the following is the ne.t stage to the )oncept Stage of Product Planning and ,evelopment Process? Select correct option: $dea Stage Product Planning Stage roduct %evelop"ent Sta(e Test 3arketing Stage Which type of 7ob analysis enlists the 2ualification of individual? Select correct option: 7ob ,escription 7ob Specification 7ob identification &ll of the above options Which one the following is the uncontrollable factor in international trade? Select correct option: Economic )ultural Technological )ll of the (iven options The activities which occur when the new venture is started are called: Select correct option: 3otivation (oal orientation
%eparture point 0usiness skills Female entrepreneurs differ from male entrepreneurs in terms of following E+)EPT: Motivation 0usiness skills ,eparture point (oal orientation
Which of the following can not be covered under the copyright protection? )omputer software )omputer hardware oe"s and son(s 3odels and sculpture & Focus (roup mainly consists of a sample of @-9A People 10312 eople 9B-9; People 9;-9C People Which one of the following gives suggestions for new product but also helps to market new Select correct option: E.isting products and services %istri#ution channels Federal government )onsumers Which one of the following insurance is re2uired by law? %ife insurance Property insurance %isa#ility and vehicle covera(e !ealth care coverage Which one of the following contracts should be in written? #eal estates %ease #entals )ll of the (iven options
Which of the following plans help to provide an organi8ation chart indicating the lines of authority? Physical 0usiness +r(ani4ational 3arketing The difference in the entrepreneurial and managerial domains has contributed towards an increase interest in: 5or"in( ne$ fir"s Partnership $ntrapreneurship Private firms The chief motivational factor for _______________ entrepreneurs to leave 6obs is the frustration of not being allowed to perform at the level of which they are capable4 3ale 5e"ale
Doung &ll of the given options $n an international perspective* which of the following decisions are ' T covered under strategic planning of an entrepreneur? 6hat are uni7ue characteristics of each "ar*et8 Who should be involved in marketing decisions? What customer benefits are provided by the product? What are the company"s ma6or strengths and weaknesses? $n stage of responsibility allocation process the entrepreneur follows: .i(hly centrali4ed decision "a*in( process !ighly decentrali8ed decision making process Somewhat centrali8ed decision making process 'o particular standard
Selling goods to another country through a person in the entrepreneur"s home country is known as: Trading ,irect e.port Indirect e'port ,omestic sales The transitional disturbance and lack of reform has led to boom black market in: )hina !ungary Singapore oland The evaluation criteria for the new product should include all of the following* E+)EPT: ,etermination of market demand %eter"ination of the suppliers Pricing and marketing policies of other competing firms Product should be profitable Which two work environments should be good for spawning the new enterprises? 5inance and "ar*etin( Finance and #E, 3arketing and #E, 3arketing and $T FWhat the entrepreneur hopes to accomplishG includes in the 5ision statement 3ission Statement (oal Statement )ll of the a#ove
The most important characteristic of a successful business website is:: Speed $nnovation (raphics Products Which one of the following method shows the term which is related to starting from scratch to a bigger picture? /pward movement method $ncremental method ,ownward movement method
'one of the above options Following are the important aspects of international success E+)EPT: Planning ,iversification 9eportin( not sure )ontrol Which one of the factors should be considered while assessing the space for business? Parking &ccess from roadways to facility ,elivery rates )ll of the (iven options Which one of the following options has ' T a total ta.able entity? Select correct option: 3inor partner %imited partner (eneral partner &ll of the given options
Which one of the Following is the way by which an entrepreneur can enter into international business? E.port 'on e2uity arrangements ,irect foreign investment )ll of the (iven options Which of the following number of years a mortgage loan may possibly cover? Select correct option: BA :0 9A ;A The longest lasting trade agreement with the ob6ective of liberali8ing trade by eliminating or reducing tariffs* subsidies and 2uotas is: Select correct option: Free trade area H FT& European community H E) General a(ree"ent on tariffs and trade ; G)TT The 'orth &merican free trade agreement H '&FT& Which of the following factors does not affect a person for being an entrepreneur? Select correct option: Family background Education Personal values Gender Which one of the following best represents the environment of an entrepreneurial oriented organi8ation? Corporate culture Entrepreneurial culture $ntrapreneurial culture Traditional culture
1uestion I 9 of 9J K Start time: 9B:;::>: &3 L Total 3arks: 9
The importance of intellectual property should be understood by entrepreneur even before: !iring a manager En(a(in( an attorney ,eveloping a product Establishing new venture page ;C $ntellectual property which includes patents* trademarks* copyrights* and trade secrets represent important assets of entrepreneur and should be understood even before engaging the services of an attorney4 1uestion I B of 9J K Start time: 9B:J9:A> &3 L Total 3arks: 9 &n entrepreneur into the hosiery business found out the reason his hosiery was not selling was due to its color4 What could be the best source of this information? Supplier 9etailer )ompetition (overnment bureau 1uestion I > of 9J K Start time: 9B:JB:B; &3 L Total 3arks: 9 The transitional disturbance and lack of reform has led to boom black market in: )hina !ungary Singapore
oland Page I >@ $n Poland* the transitional upheaval and lack of reform has led to a thriving black market4 1uestion I ; of 9J K Start time: 9B:J>:;@ &3 L Total 3arks: 9 Which of the following is ' T a re2uirement of ,isclosure ,ocument? ,escription of the invention Clai"s for invention!s usefulness Photos of invention )over letter The entrepreneur should first file a disclosure document to establish a date of conception4 To file* the entrepreneur must prepare a clear description of the invention along with photos and a cover letter 1uestion I J of 9J K Start time: 9B:JJ:B9 &3 L Total 3arks: 9 The person with capital was differentiated from the one who needed the capital in the: 3iddle ages 9<th century 1<th century BAth century page > $n the 9@th century the person with capital was differentiated from the one who needed capital 1uestion I C of 9J K Start time: 9B:JC:J; &3 L Total 3arks: 9
The marketing perspective of business plan considers the venture through the eyes of: $nvestor Custo"er Entrepreneur 3arketing manager The marketing perspective considers the venture through the eyes of the customer
pIJ; 1uestion I < of 9J K Start time: 9B:J@:B; &3 L Total 3arks: 9 &ndrew )arnegie is an e.ample of entrepreneur of which century: Select correct option: Earliest period 11th and 20th century 3iddle ages 9<th century Page I > 1uestion I @ of 9J K Start time: 9B:J::A> &3 L Total 3arks: 9 Which one the following is the uncontrollable factor in international trade? Economic )ultural Technological )ll of the (iven options
1uestion I : of 9J K Start time: 9B:J::>A &3 L Total 3arks: 9 3embers of distribution channels are e.cellent sources for new ideas because: They are fa"iliar $ith the needs of the "ar*et They earn a handsome profit from new business They do not bother if entrepreneur bears a loss They have well-developed sales force 3embers of distribution channels are also e.cellent sources for new ideas because they are familiar with the needs of the market PI>: 1uestion I 9A of 9J K Start time: A9:AA:B< &3 L Total 3arks: 9 The difference in the entrepreneurial and managerial domains has contributed towards an increase interest in: 5or"in( ne$ fir"s Partnership $ntrapreneurship Private firms
http://vugoogle.com
1uestion I 99 of 9J K Start time: A9:A9:B: &3 L Total 3arks: 9 The most sensitive plan in the business plan is? perational Plan Production Plan Mar*etin( lan Financial Plan
1uestion I 9B of 9J K Start time: A9:AB:JC &3 L Total 3arks: 9 0anks are usually reluctant to give loan to the Private %imited )ompanies Partnership firm Public %imited )ompanies Sole roprietor 1uestion I 9> of 9J K Start time: A9:A>:;B &3 L Total 3arks: 9 The commitment of administrative domain to the resources is for: Periodic intervals Total a"ount needed For certain tasks For long time $n the administrative domain* the commitment of resources is for the total amount
needed 1uestion I 9; of 9J K Start time: A9:A;:J9 &3 L Total 3arks: 9 Which of the following plans help to provide an organi8ation chart indicating the lines of authority? Physical 0usiness +r(ani4ational 3arketing
The organi8ational plan section should describe the venture"s form of ownership4 $f the venture is a corporation* this should include the number of shares authori8ed* share options* and names and addresses of the directors and officers4 $t is helpful to provide an organi8ation chart PIJ@ 1uestion I 9J of 9J K Start time: A9:AC:A> &3 L Total 3arks: 9 Entrepreneur may start his business by considering following numberMs of optionMs 9 B > =
Question # 1 of 15 ( Start time: 01:15:11 AM ) Total Marks: 1 Selling goods to another country y taking care of transactions is called: Select correct o!tion: "ndirect e#!orting Direct exporting "m!orting Management contract
Direct exporting :Selling goods to another country y taking care of the transaction
Question # $ of 15 ( Start time: 01:1%:1& AM ) Total Marks: 1 'icensing is a significant marketing strategy to: http://vugoogle.com23 Select correct o!tion: Use intellectual property of others (irate others) !atents Grow the business in new markets *ontrol the costs Question # + of 15 ( Start time: 01:1,:1+ AM ) Total Marks: 1 -irectors in cor!oration are elected y the...... Select correct o!tion: Middle Level Mana ers !ntre"reneur Shareholders 'ow level Mana ers Question # 5 of 15 ( Start time: 01:1,:$% AM ) Total Marks: 1 A ...... is also essential if a ne/ 0enture is a manufacturing concern1 Select correct o!tion: Market analysis Operations plan 2ank loan
3rgani4ational !lan
"f a ne/ 0enture is a manufacturing o!eration5 a !roduction !lan6 o!erational !lan is necessary1 (#5,
http://vugoogle.com Question # 7 of 15 ( Start time: 01:80:07 AM ) Total Marks: 1 ........... !rocess of creating incremental /ealth is called 9ntre!reneurshi!1 Select correct o!tion: Dynamic Static #ontinuous $%stemati&
Entrepreneurship is the dynamic !rocess of creating incremental /ealth (#+
Question # % of 15 ( Start time: 01:80:51 AM ) Total Marks: 1 The com ining of t/o or more inde!endent odies into a single ody is kno/n as: Select correct o!tion: :oint 0enture Merger 'ivalr% (rote&tionist attitudes Question # , of 15 ( Start time: 01:81:+1 AM ) Total Marks: 1 An actor and a !erson /ho managed large !ro;ect /ere termed as the entre!reneur in the .........1 Select correct o!tion: 9arliest !eriod http://vugoogle.com25 Middle ages 17th &entur% 19th and 20th &entur%
Middle Ages: "n this age the term entrepreneur /as used to descri e oth an actor and a !erson /ho managed large !roduction !ro;ects
Question # & of 15 ( Start time: 01:88:87 AM ) Total Marks: 1 9#ternal forces directly affect all of the follo/ing 9<*9(T: Select correct o!tion: Market segmentation strategies )%"es o* "rodu&ts+servi&es o**ered Management structure of organization #hoi&e o* businesses to a&,uire or sell Question # 10 of 15 ( Start time: 01:8$:1& AM ) Total Marks: 1 =ollo/ing are the ty!es of non e>uity arrangements 9<*9(T: Select correct o!tion: 'icensing Mana ement &ontra&ts Direct export
)urnke% "ro-e&ts
(g#$1
Question # 11 of 15 ( Start time: 01:8+:88 AM ) Total Marks: 1 =ront le0el managers ha0e ....... Skill Select correct o!tion: *once!tual #ommuni&ational )e&hni&al All of the a ove Question # 18 of 15 ( Start time: 01:85:$% AM ) Total Marks: 1 A =ocus ?rou! mainly consists of a sam!le of Select correct o!tion: ,@10 (eo!le !"#!$ %eople 12.14 (eo"le 14.16 (eo"le
A focus grou! is a sam!le of 10 or 18 !otential customers /ho !artici!ate in a discussion1 (#7$
Question # 1$ of 15 ( Start time: 01:8%:0+ AM ) Total Marks: 1 "n stage of res!onsi ility allocation !rocess the entre!reneur follo/s: Select correct o!tion: http://vugoogle.com27 &ighly centralized decision ma'ing process /i hl% de&entrali0ed de&ision makin "ro&ess Some/hat centrali4ed decision making !rocess Ao !articular standard Question # 1+ of 15 ( Start time: 01:8,:05 AM ) Total Marks: 1 Bhich one of the follo/ing gi0es suggestions for ne/ !roduct ut also hel!s to market ne/ !roduct in the marketC Select correct o!tion: 9#isting !roducts and ser0ices Distri ution channels =ederal go0ernment *onsumers
Distri ution (hannels 2ecause they are familiar /ith the needs of the market5 channel mem ers often ha0e suggestions for ne/ !roducts1 These channel mem ers can also hel! in marketing the ne/ !roduct1
Question # 15 of 15 ( Start time: 01:8&:8% AM ) Total Marks: 1 "t is !ro0ed that most usinesses failed ecause of im!ro!er !lanning of an6a: Select correct o!tion: "n0estor Marketer )ntrepreneur http://vugoogle.com28 #onsultant
Question # 1 of 15 ( Start time: 01:$1:81 AM ) Total Marks: 1 Bhich one of the =ollo/ing is the /ay y /hich an entre!reneur can enter into international usinessC Select correct o!tion: 9#!ort 1on e,uit% arran ements 2ire&t *orei n investment All of the given options Question # + of 15 ( Start time: 01:$$:0& AM ) Total Marks: 1 The e0aluation criteria for the ne/ !roduct should include all of the follo/ing5 9<*9(T: Select correct o!tion: -etermination of market demand Determination of the suppliers (ri&in and marketin "oli&ies o* other &om"etin *irms (rodu&t should be "ro*itable Question # 7 of 15 ( Start time: 01:$+:5$ AM ) Total Marks: 1 Bhich of the follo/ing is A3T a characteristic of an entre!reneurC Select correct o!tion: Aeed for inde!endence http://vugoogle.com29 *eed for affiliation 1eed *or a&hievement 'isk takin Question # , of 15 ( Start time: 01:$5:$8 AM ) Total Marks: 1 Bhich one of the follo/ing is A3T an intra!reneurial leadershi! characteristicC Select correct o!tion: Dnderstands en0ironment !n&oura e the team work *ot flexi le (ersistent http://vugoogle.com Question # 10 of 15 ( Start time: 01:$7:8, AM ) Total Marks: 1 An indi0idual)s need to e recogni4ed is called: Select correct o!tion: Aeed for inde!endence 1eed *or a**iliation 1eed o* *ame *eed for achievement
Aeed for achie0ement : An indi0idual)s need to e recogni4ed
Question # 11 of 15 ( Start time: 01:$%:18 AM ) Total Marks: 1 http://vugoogle.com30 The ...... !lan descri es ho/ the !roduct /ill e distri uted and !riced1 Select correct o!tion: =inancial (roduction
Eenture Mar'eting Question # 1$ of 15 ( Start time: 01:$%:+5 AM ) Total Marks: 1 Bhich of the follo/ing is the est o!tion for starting the usiness /ith e>uity financingC Select correct o!tion: (orporation (artnershi! firm Sole (ro!rietor Aone of the a o0e Question # 1+ of 15 ( Start time: 01:$,:$8 AM ) Total Marks: 1 Bhich of the follo/ing is included in the descri!tion of the usinessC Select correct o!tion: 'ocation (roducts offered http://vugoogle.com31 Fistory All of the given options Question # 8 of 15 ( Start time: 01:+8:50 AM ) Total Marks: 1 The e0aluation criteria for the ne/ !roduct should include all of the follo/ing5 9<*9(T: Select correct o!tion: -etermination of market demand Determination of the suppliers (ricing and marketing !olicies of other com!eting firms (roduct should e !rofita le Question # $ of 15 ( Start time: 01:+$:1$ AM ) Total Marks: 1 Bhich of the follo/ing contains all acku! material that is not included in the te#t of usiness !lanC Select correct o!tion: Fistory of entre!reneur =inancial !lan Appendix 2i liogra!hy
The a!!endi# contains any acku! material not included in the te#t of the document
Question # + of 15 ( Start time: 01:+$:5& AM ) Total Marks: 1 Bhich of the follo/ing is alternati0ely called cor!orate 0enturingC Select correct o!tion: 9ntre!reneurshi! +ntrapreneurship Act of stating a ne/ 0enture 3ffering ne/ !roducts y an e#isting com!any
"ntra!reneurshi!5 also called cor!orate 0enturing5 is not /ithout !ro lems (#81
Question # 5 of 15 ( Start time: 01:++:$% AM ) Total Marks: 1 The difference et/een the 0alue of a country)s im!orts and e#!orts o0er time is
called: Select correct o!tion: -eficit e#!orts -eficit im!orts ,alance of payment 3alan&e o* debt Question # % of 15 ( Start time: 01:+7:5$ AM ) Total Marks: 1 An entre!reneur doing usiness /ithin the national order is called: Select correct o!tion: "nternational entre!reneurshi! http://vugoogle.com33 "ntra!reneurshi! Domestic entrepreneurship "m!orts Question # , of 15 ( Start time: 01:+%:+7 AM ) Total Marks: 1 Bhich one of the follo/ing contracts should e in /rittenC Select correct o!tion: Geal estates 'ease Gentals All of the given options Question # & of 15 ( Start time: 01:+,:0& AM ) Total Marks: 1 Bhich one of the follo/ing is not a source of idea generationC Select correct o!tion: (onsumers 2rain storming =ocus grou! Aone of the gi0en o!tions Question # 10 of 15 ( Start time: 01:+&:15 AM ) Total Marks: 1 http://vugoogle.com34 Moral su!!ort net/ork includes follo/ing 9<*9(T: Select correct o!tion: S!ouses =riends ,usiness associates Gelati0es
Moral#Support *et-or' "t is im!ortant for the entre!reneur to esta lish a moral support net-or' of family and friends1
Question # 11 of 15 ( Start time: 01:+&:$& AM ) Total Marks: 1 The !erson /ith ca!ital /as differentiated from the one /ho needed the ca!ital in the: Select correct o!tion: Middle ages 1%th century !.th century 80th century
"n the 1,th century the !erson /ith ca!ital /as differentiated from the one /ho needed ca!ital
Question # 18 of 15 ( Start time: 01:50:81 AM ) Total Marks: 1 Bhy should an entre!reneur do a feasi ility studyC Select correct o!tion: /o see if there are possi le arriers to success http://vugoogle.com35 To identify !ossi le sources of funds To estimate the e#!ected sales To e#!lore !otential customers
2efore !re!aring a usiness !lan5 the entre!reneur should do a >uick feasi ility study to see if there are !ossi le arriers to success
Question # 15 of 15 ( Start time: 01:51:$% AM ) Total Marks: 1 Bhich of the follo/ing geogra!hical area is ha0ing least interest to D1S1 entre!reneursC Select correct o!tion: 9uro!e The =ar 9ast (entral Asia Transition economies
Entrepreneurial success has been significant because of the culture and the political and economic systems in _______4 Select correct option: European countries )sian countries Transition economies 3iddle East
$t is proved that most businesses failed because of improper planning of anMa: Select correct option: $nvestor 3arketer Entrepreneur )onsultant & ____ is also essential if a new venture is a manufacturing concern4 Select correct option: 3arket analysis +perations plan 0ank loan rgani8ational plan Which one the following is the uncontrollable factor in international trade? Select correct option: Economic )ultural Technological )ll of the (iven options ,irectors in corporation are elected by the?___ Select correct option: 3iddle %evel 3anagers Entrepreneur
Shareholders %ow level 3anagers (enerally* male entrepreneurs start their first venture in the age of: Select correct option: %ate BAs Early >As %ate >As Early ;As
The combining of two or more independent bodies into a single body is known as: Select correct option: 7oint venture Mer(er #ivalry Protectionist attitudes The commitment of administrative domain to the resources is for: Select correct option: Periodic intervals Total a"ount needed For certain tasks For long time Which of the following is ' T followed in brainstorming? Select correct option: Criticis" is done #y the (roup "e"#ers The wilder idea is better 1uantity of ideas is re2uired The session should be fun* with no on dominating the discussion Which one of the following is ' T the problem in developing the economies of different under developed countries? Select correct option: (ap of knowledge 5ariable rate of return Sa"e co""unication style ,ifferent accounting system
,egree of influence and control on other people is called: Select correct option: >ocus of control %ocomotion of control %ocust of control %oss of control Which of the following has a contradictory relationship with an individual for being an entrepreneur? Select correct option: !is birth order Parents" social status arents! occupation #elationship with parents Stake holders are present in?____ Select correct option: Partnership Corporation
Sole Proprietorship 'one of the above &ll of the following are essential to maintain secrecy E+)EPT: Select correct option: Train employees to refer sensitive 2uestions to one person %iscuss #usiness in pu#lic places Provide escorts for all office visitors /se simple security such as locked file cabinets 3a6or contribution of e.port comes from: Select correct option: %eather goods Surgical instrument Sports goods )ll of the (iven options
The assessment of the needed resources by the entrepreneur starts with: Select correct option: &n appraisal of the entrepreneur"s present resources &n assessment of economic conditions of the country ) scannin( of friends and fa"ily for funds & survey of banks and other financial institutions in the area &ccording to 3c)lelland"s need theory* entrepreneurs possess which of the following needs? Select correct option: &eed for achieve"ent 'eed for power 'eed for affiliation 'eed for esteem Which of the following number of years a mortgage loan may possibly cover? Select correct option: BA :0 9A ;A Following are the types of foreign direct investment E+)EPT: Select correct option: 7oint venture Mana(e"ent contracts 3inority interest 3erger
3embers of distribution channels are e.cellent sources for new ideas because: Select correct option: They are fa"iliar $ith the needs of the "ar*et They earn a handsome profit from new business They do not bother if entrepreneur bears a loss They have well-developed sales force Which one of the following is re2uired to develop a good team for creating something new? Select correct option: #elationship with team members +pen discussion
'on fle.ible behavior ,iscouragement of team member"s ideas Which one of the following culture that has a climate and reward system that favor conservative decision making? Select correct option: Entrepreneurial $ntrapreneurial Corporate 'one of the given options Which of the following has a contradictory relationship with an individual for being an entrepreneur? Select correct option: !is birth order Parents" social status arents! occupation #elationship with parents
The difference between the value of a country"s imports and e.ports over time is called: Select correct option: ,eficit e.ports ,eficit imports Balance of pay"ent 0alance of debt 3oral support network includes following E+)EPT: Select correct option: Spouses Friends 0usiness associates 9elatives Which of the following would be an advantage of starting a new business over ac2uisition? Select correct option: Established customer base )ustomer response to location E.isting employees )ll of the a#ove ______________ distribute profits to owners through dividends Select correct option: Sole Proprietor (eneral Partnership %imited Partnership Corporation Which statement of the following relates with the ultimate goal of 0usiness Select correct option: Profit Statement (oal Statement Mission State"ent 5ision Statement
&n individual"s need to be recogni8ed is called: Select correct option:
'eed for independence 'eed for affiliation 'eed of fame &eed for achieve"ent The activities which occur when the new venture is started are called: Select correct option: 3otivation (oal orientation %eparture point 0usiness skills Which one of the factors should be considered while assessing the space for business? Select correct option: Parking &ccess from roadways to facility ,elivery rates )ll of the (iven options (a8elles are the firms with: Select correct option: .i(h (ro$th rate 3oderate growth rate NeroO growth rate %ow growth rate 1uestion I 9 of 9J K Start time: 9B:;::>: &3 L Total 3arks: 9 The importance of intellectual property should be understood by entrepreneur even before: !iring a manager En(a(in( an attorney
,eveloping a product Establishing new venture page ;C $ntellectual property which includes patents* trademarks* copyrights* and trade secrets represent important assets of entrepreneur and should be understood even before engaging the services of an attorney4 1uestion I B of 9J K Start time: 9B:J9:A> &3 L Total 3arks: 9 &n entrepreneur into the hosiery business found out the reason his hosiery was not selling was due to its color4 What could be the best source of this information? Supplier 9etailer )ompetition (overnment bureau 1uestion I > of 9J K Start time: 9B:JB:B; &3 L Total 3arks: 9 The transitional disturbance and lack of reform has led to boom black market in: )hina !ungary Singapore oland Page I >@ $n Poland* the transitional upheaval and lack of reform has led to a thriving black market4 1uestion I ; of 9J K Start time: 9B:J>:;@ &3 L Total 3arks: 9 Which of the following is ' T a re2uirement of ,isclosure ,ocument?
,escription of the invention Clai"s for invention!s usefulness Photos of invention )over letter The entrepreneur should first file a disclosure document to establish a date of conception4 To file* the entrepreneur must prepare a clear description of the invention along with photos and a cover letter 1uestion I J of 9J K Start time: 9B:JJ:B9 &3 L Total 3arks: 9 The person with capital was differentiated from the one who needed the capital in the: 3iddle ages 9<th century 1<th century BAth century page > $n the 9@th century the person with capital was differentiated from the one who needed capital 1uestion I C of 9J K Start time: 9B:JC:J; &3 L Total 3arks: 9 The marketing perspective of business plan considers the venture through the eyes of: $nvestor Custo"er Entrepreneur 3arketing manager
http://vugoogle.com
The marketing perspective considers the venture through the eyes of the customer pIJ; 1uestion I < of 9J K Start time: 9B:J@:B; &3 L Total 3arks: 9 &ndrew )arnegie is an e.ample of entrepreneur of which century: Select correct option: Earliest period 11th and 20th century 3iddle ages 9<th century Page I > 1uestion I @ of 9J K Start time: 9B:J::A> &3 L Total 3arks: 9 Which one the following is the uncontrollable factor in international trade? Economic )ultural Technological )ll of the (iven options 1uestion I : of 9J K Start time: 9B:J::>A &3 L Total 3arks: 9 3embers of distribution channels are e.cellent sources for new ideas because: They are fa"iliar $ith the needs of the "ar*et They earn a handsome profit from new business They do not bother if entrepreneur bears a loss
They have well-developed sales force 3embers of distribution channels are also e.cellent sources for new ideas because they are familiar with the needs of the market PI>: 1uestion I 9A of 9J K Start time: A9:AA:B< &3 L Total 3arks: 9 The difference in the entrepreneurial and managerial domains has contributed
towards an increase interest in: 5or"in( ne$ fir"s Partnership $ntrapreneurship Private firms
http://vugoogle.com
1uestion I 99 of 9J K Start time: A9:A9:B: &3 L Total 3arks: 9 The most sensitive plan in the business plan is? perational Plan Production Plan Mar*etin( lan Financial Plan 1uestion I 9B of 9J K Start time: A9:AB:JC &3 L Total 3arks: 9 0anks are usually reluctant to give loan to the Private %imited )ompanies Partnership firm Public %imited )ompanies
Sole roprietor 1uestion I 9> of 9J K Start time: A9:A>:;B &3 L Total 3arks: 9 The commitment of administrative domain to the resources is for: Periodic intervals Total a"ount needed For certain tasks For long time $n the administrative domain* the commitment of resources is for the total amount needed 1uestion I 9; of 9J K Start time: A9:A;:J9 &3 L Total 3arks: 9 Which of the following plans help to provide an organi8ation chart indicating the lines of authority? Physical 0usiness +r(ani4ational 3arketing The organi8ational plan section should describe the venture"s form of ownership4 $f the venture is a corporation* this should include the number of shares authori8ed* share options* and names and addresses of the directors and officers4 $t is helpful to provide an organi8ation chart PIJ@ 1uestion I 9J of 9J K Start time: A9:AC:A> &3 L Total 3arks: 9 Entrepreneur may start his business by considering following numberMs of optionMs
9 B > =
Question # 1 of 15 ( Start time: 01:15:11 AM ) Total Marks: 1 Selling goods to another country y taking care of transactions is called: Select correct o!tion: "ndirect e#!orting Direct exporting "m!orting
Management contract
Direct exporting :Selling goods to another country y taking care of the transaction
Question # $ of 15 ( Start time: 01:1%:1& AM ) Total Marks: 1 'icensing is a significant marketing strategy to: Select correct o!tion: Use intellectual property of others (irate others) !atents Grow the business in new markets *ontrol the costs http://vugoogle.com49 Question # + of 15 ( Start time: 01:1,:1+ AM ) Total Marks: 1 -irectors in cor!oration are elected y the...... Select correct o!tion: Middle Level Mana ers !ntre"reneur Shareholders 'ow level Mana ers Question # 5 of 15 ( Start time: 01:1,:$% AM ) Total Marks: 1 A ...... is also essential if a ne/ 0enture is a manufacturing concern1 Select correct o!tion: Market analysis Operations plan 2ank loan 3rgani4ational !lan
"f a ne/ 0enture is a manufacturing o!eration5 a !roduction !lan6 o!erational !lan is necessary1 (#5,
http://vugoogle.com Question # 7 of 15 ( Start time: 01:80:07 AM ) Total Marks: 1 ........... !rocess of creating incremental /ealth is called 9ntre!reneurshi!1 Select correct o!tion: http://vugoogle.com50 Dynamic Static #ontinuous $%stemati&
Entrepreneurship is the dynamic !rocess of creating incremental /ealth (#+
Question # % of 15 ( Start time: 01:80:51 AM ) Total Marks: 1 The com ining of t/o or more inde!endent odies into a single ody is kno/n as: Select correct o!tion: :oint 0enture Merger 'ivalr% (rote&tionist attitudes Question # , of 15 ( Start time: 01:81:+1 AM ) Total Marks: 1 An actor and a !erson /ho managed large !ro;ect /ere termed as the
entre!reneur in the .........1 Select correct o!tion: 9arliest !eriod Middle ages 17th &entur% 19th and 20th &entur% http://vugoogle.com51
Middle Ages: "n this age the term entrepreneur /as used to descri e oth an actor and a !erson /ho managed large !roduction !ro;ects
Question # & of 15 ( Start time: 01:88:87 AM ) Total Marks: 1 9#ternal forces directly affect all of the follo/ing 9<*9(T: Select correct o!tion: Market segmentation strategies )%"es o* "rodu&ts+servi&es o**ered Management structure of organization #hoi&e o* businesses to a&,uire or sell Question # 10 of 15 ( Start time: 01:8$:1& AM ) Total Marks: 1 =ollo/ing are the ty!es of non e>uity arrangements 9<*9(T: Select correct o!tion: 'icensing Mana ement &ontra&ts Direct export )urnke% "ro-e&ts
(g#$1
Question # 11 of 15 ( Start time: 01:8+:88 AM ) Total Marks: 1 =ront le0el managers ha0e ....... Skill Select correct o!tion: http://vugoogle.com52 *once!tual #ommuni&ational )e&hni&al All of the a ove Question # 18 of 15 ( Start time: 01:85:$% AM ) Total Marks: 1 A =ocus ?rou! mainly consists of a sam!le of Select correct o!tion: ,@10 (eo!le !"#!$ %eople 12.14 (eo"le 14.16 (eo"le
A focus grou! is a sam!le of 10 or 18 !otential customers /ho !artici!ate in a discussion1 (#7$
Question # 1$ of 15 ( Start time: 01:8%:0+ AM ) Total Marks: 1 "n stage of res!onsi ility allocation !rocess the entre!reneur follo/s: Select correct o!tion: &ighly centralized decision ma'ing process
/i hl% de&entrali0ed de&ision makin "ro&ess http://vugoogle.com53 Some/hat centrali4ed decision making !rocess Ao !articular standard Question # 1+ of 15 ( Start time: 01:8,:05 AM ) Total Marks: 1 Bhich one of the follo/ing gi0es suggestions for ne/ !roduct ut also hel!s to market ne/ !roduct in the marketC Select correct o!tion: 9#isting !roducts and ser0ices Distri ution channels =ederal go0ernment *onsumers
Distri ution (hannels 2ecause they are familiar /ith the needs of the market5 channel mem ers often ha0e suggestions for ne/ !roducts1 These channel mem ers can also hel! in marketing the ne/ !roduct1
Question # 15 of 15 ( Start time: 01:8&:8% AM ) Total Marks: 1 "t is !ro0ed that most usinesses failed ecause of im!ro!er !lanning of an6a: Select correct o!tion: "n0estor Marketer )ntrepreneur #onsultant http://vugoogle.com54 Question # 1 of 15 ( Start time: 01:$1:81 AM ) Total Marks: 1 Bhich one of the =ollo/ing is the /ay y /hich an entre!reneur can enter into international usinessC Select correct o!tion: 9#!ort 1on e,uit% arran ements 2ire&t *orei n investment All of the given options Question # + of 15 ( Start time: 01:$$:0& AM ) Total Marks: 1 The e0aluation criteria for the ne/ !roduct should include all of the follo/ing5 9<*9(T: Select correct o!tion: -etermination of market demand Determination of the suppliers (ri&in and marketin "oli&ies o* other &om"etin *irms (rodu&t should be "ro*itable Question # 7 of 15 ( Start time: 01:$+:5$ AM ) Total Marks: 1 Bhich of the follo/ing is A3T a characteristic of an entre!reneurC Select correct o!tion: Aeed for inde!endence http://vugoogle.com55 *eed for affiliation 1eed *or a&hievement
'isk takin Question # , of 15 ( Start time: 01:$5:$8 AM ) Total Marks: 1 Bhich one of the follo/ing is A3T an intra!reneurial leadershi! characteristicC Select correct o!tion: Dnderstands en0ironment !n&oura e the team work *ot flexi le (ersistent http://vugoogle.com Question # 10 of 15 ( Start time: 01:$7:8, AM ) Total Marks: 1 An indi0idual)s need to e recogni4ed is called: Select correct o!tion: Aeed for inde!endence 1eed *or a**iliation 1eed o* *ame *eed for achievement
Aeed for achie0ement : An indi0idual)s need to e recogni4ed
Question # 11 of 15 ( Start time: 01:$%:18 AM ) Total Marks: 1 http://vugoogle.com56 The ...... !lan descri es ho/ the !roduct /ill e distri uted and !riced1 Select correct o!tion: =inancial (roduction Eenture Mar'eting Question # 1$ of 15 ( Start time: 01:$%:+5 AM ) Total Marks: 1 Bhich of the follo/ing is the est o!tion for starting the usiness /ith e>uity financingC Select correct o!tion: (orporation (artnershi! firm Sole (ro!rietor Aone of the a o0e Question # 1+ of 15 ( Start time: 01:$,:$8 AM ) Total Marks: 1 Bhich of the follo/ing is included in the descri!tion of the usinessC Select correct o!tion: 'ocation http://vugoogle.com57 (roducts offered Fistory All of the given options Question # 8 of 15 ( Start time: 01:+8:50 AM ) Total Marks: 1 The e0aluation criteria for the ne/ !roduct should include all of the follo/ing5 9<*9(T: Select correct o!tion: -etermination of market demand
Determination of the suppliers (ricing and marketing !olicies of other com!eting firms (roduct should e !rofita le Question # $ of 15 ( Start time: 01:+$:1$ AM ) Total Marks: 1 Bhich of the follo/ing contains all acku! material that is not included in the te#t of usiness !lanC Select correct o!tion: Fistory of entre!reneur =inancial !lan Appendix 2i liogra!hy
The a!!endi# contains any acku! material not included in the te#t of the document
Question # + of 15 ( Start time: 01:+$:5& AM ) Total Marks: 1 Bhich of the follo/ing is alternati0ely called cor!orate 0enturingC Select correct o!tion: 9ntre!reneurshi! +ntrapreneurship Act of stating a ne/ 0enture 3ffering ne/ !roducts y an e#isting com!any
"ntra!reneurshi!5 also called cor!orate 0enturing5 is not /ithout !ro lems (#81
Question # 5 of 15 ( Start time: 01:++:$% AM ) Total Marks: 1 The difference et/een the 0alue of a country)s im!orts and e#!orts o0er time is called: Select correct o!tion: -eficit e#!orts -eficit im!orts ,alance of payment 3alan&e o* debt Question # % of 15 ( Start time: 01:+7:5$ AM ) Total Marks: 1 An entre!reneur doing usiness /ithin the national order is called: Select correct o!tion: http://vugoogle.com59 "nternational entre!reneurshi! "ntra!reneurshi! Domestic entrepreneurship "m!orts Question # , of 15 ( Start time: 01:+%:+7 AM ) Total Marks: 1 Bhich one of the follo/ing contracts should e in /rittenC Select correct o!tion: Geal estates 'ease Gentals All of the given options Question # & of 15 ( Start time: 01:+,:0& AM ) Total Marks: 1 Bhich one of the follo/ing is not a source of idea generationC
Select correct o!tion: (onsumers 2rain storming =ocus grou! Aone of the gi0en o!tions http://vugoogle.com60 Question # 10 of 15 ( Start time: 01:+&:15 AM ) Total Marks: 1 Moral su!!ort net/ork includes follo/ing 9<*9(T: Select correct o!tion: S!ouses =riends ,usiness associates Gelati0es
Moral#Support *et-or' "t is im!ortant for the entre!reneur to esta lish a moral support net-or' of family and friends1
Question # 11 of 15 ( Start time: 01:+&:$& AM ) Total Marks: 1 The !erson /ith ca!ital /as differentiated from the one /ho needed the ca!ital in the: Select correct o!tion: Middle ages 1%th century !.th century 80th century
"n the 1,th century the !erson /ith ca!ital /as differentiated from the one /ho needed ca!ital
Question # 18 of 15 ( Start time: 01:50:81 AM ) Total Marks: 1 Bhy should an entre!reneur do a feasi ility studyC Select correct o!tion: http://vugoogle.com61 /o see if there are possi le arriers to success To identify !ossi le sources of funds To estimate the e#!ected sales To e#!lore !otential customers
2efore !re!aring a usiness !lan5 the entre!reneur should do a >uick feasi ility study to see if there are !ossi le arriers to success
Question # 15 of 15 ( Start time: 01:51:$% AM ) Total Marks: 1 Bhich of the follo/ing geogra!hical area is ha0ing least interest to D1S1 entre!reneursC Select correct o!tion: 9uro!e The =ar 9ast (entral Asia Transition economies http://vugoogle.com62 1uestion 'o: 9 K 3arks: 9 L - Please choose one There is an evidence that an entrepreneur usually has
??????????????? parents4 Self e"ployed ,iscouraged 'on supportive Strict 1uestion 'o: B K 3arks: 9 L - Please choose one Following are the problems in developing the economies E+)EPT: (ap of knowledge 5ariable rate of return Sa"e co""unication style ,ifferent accounting system 1uestion 'o: > K 3arks: 9 L - Please choose one Which of the following techni2ues is an e.cellent method for initial screening of ideas and concepts? Focus group http://vugoogle.com63 ro#le" inventory analysis ?%ou#tful@ pa(e :A 0rain storming #everse brainstorming 1uestion 'o: ; K 3arks: 9 L - Please choose one Which one of the following is the ne.t stage to the )oncept Stage of Product Planning and ,evelopment Process? $dea Stage Product Planning Stage roduct %evelop"ent Sta(e Test 3arketing Stage 1uestion 'o: J K 3arks: 9 L - Please choose one Which of the following is a more structured method of problem solving* including principles and rules for concept formation* making observations and e.periments* and finally validating the hypothesis? Scientific "ethod !euristics &ttribute listing 5alue analysis 1uestion 'o: C K 3arks: 9 L - Please choose one Which of the following is used by entrepreneurs to ac2uire e.perience in an international market before making a ma6or commitment? 3erger 7oint venture Minority interest http://vugoogle.com64 3a6ority interest 1uestion 'o: < K 3arks: 9 L - Please choose one
Which of the following plan shows the economically feasibility of business? Business Financial Economic 3arketing 1uestion 'o: @ K 3arks: 9 L - Please choose one What are the number of 2uestions a marketing plan usually answers? J B : ; 1uestion 'o: : K 3arks: 9 L - Please choose one Which of the following allows the entrepreneur to establish controls on the process during the implementation of the marketing plan? Sales data #esearch data )onsumer data Technical data ?%ou#tful@ 1uestion 'o: 9A K 3arks: 9 L - Please choose one Which of the following shows the characteristic of the venture that has e.perience in related business? Strength Weakness pportunity Threat 1uestion 'o: 99 K 3arks: 9 L - Please choose one http://vugoogle.com65 &dvertising and promotion for the business-to-business market involve all of the following E+)EPT: Indirect sales pa(e A1 Trade maga8ine advertising ,irect sales Trade shows 1uestion 'o: 9B K 3arks: 9 L - Please choose one Which of the following shows the characteristic of the venture that has e.perience in related business? Strength Weakness pportunity Threat 1uestion 'o: 9> K 3arks: 9 L - Please choose one $n which of the following* banks are usually reluctant to give loan? Sole Proprietor
Public %imited )ompanies Partnership firm Private %imited )ompanies 1uestion 'o: 9; K 3arks: 9 L - Please choose one $n which of the following ma6ority holds the management control? artnership pa(e 6: )orporation %imited liability company &ll of the given options 1uestion 'o: 9J K 3arks: 9 L - Please choose one Which of the following represents the shares in borrowing of %arge Enterprises in Pakistan? C@O CJO CCO C<O 1uestion 'o: 9C K 3arks: 9 L - Please choose one Which of the following represents the environment in which entrepreneurship can"t grow? 0oom 5acuum 3aturity $ntroductory Phase 1uestion 'o: 9< K 3arks: 9 L - Please choose one PWhat the entrepreneur hopes to accomplishP includes in which section of business plan? 5ision statement Mission State"ent (oal Statement &ll of the above This should begin with the mission statement or company mission* which describes the nature of the business and what the entrepreneur hopes to accomplish4 http://vugoogle.com66 1uestion 'o: 9@ K 3arks: 9 L - Please choose one Which of the following shows the standard acceptable term of a %imited %iability )ompany? Three Ten Twenty Thirty 1uestion 'o: 9: K 3arks: 9 L - Please choose one http://vugoogle.com67
Which one of the following provides a guideline in determining hiring procedures? 7ob description 7ob specification 0o# analysis 7ob evaluation 1uestion 'o: BA K 3arks: 9 L - Please choose one The S corporation combines the ta. advantages of which one of the following? Proprietorship and limited liability company artnership and corporation )orporation and limited liability company Partnership and proprietorship 1uestion 'o: B9 K 3arks: 9 L - Please choose one Which of the following is the base of 7ob &dvertisement? 7ob ,escription 7ob Specification 7ob identification )ll of the a#ove options 1uestion 'o: BB K 3arks: 9 L - Please choose one Which of the following shows the results from the difference between actual cash receipts and cash payments? #evenue Profit Cash flo$ $ncome statement 1uestion 'o: B> K 3arks: 9 L - Please choose one What is the primary concern of entrepreneurs* who trade e2uity for their growing venture? )ontrol 5aluation $nvestor capabilities Capitali4ation pa(e <A http://vugoogle.com68 1uestion 'o: B; K 3arks: 9 L - Please choose one When the business does not have assets to support a loan* the entrepreneur may go for which one of the following options? Character loan Straight commercial loan $nstallment loan %ong term loan 1uestion 'o: BJ K 3arks: 9 L - Please choose one Which of the following number of years a mortgage loan may possibly cover?
9A BA :0 Goo(le search ;A 1uestion 'o: BC K 3arks: 9 L - Please choose one $n which of the following techni2ues* money is given to a firm for developing a technology and involves a ta. shelter? Small business administration loans )ash flow financing Small business innovation research grant 9esearch and develop"ent li"ited partnership 1uestion 'o: B< K 3arks: 9 L - Please choose one The overall coordinating party in an agreement is: %imited partner MaBor partner http://vugoogle.com69 3inor partner (eneral partner 1uestion 'o: B@ K 3arks: 9 L - Please choose one Which of the following includes grants from the /4S4 government to small technology based businesses? Small business administration loans Small business innovation research grant 9esearch and develop"ent li"ited partnership $nstallment loans 1uestion 'o: B: K 3arks: 9 L - Please choose one Which of the following is a formali8ed method for obtaining funds from private investors? Private placement Private offering 9e(ulation % 0ootstrap financing 1uestion 'o: >A K 3arks: 9 L - Please choose one When did the Sindh Small $ndustries )orporation launch its credit scheme? 9:<B-<> 9:<@-<: 11<<3<1 9::B-:> 1uestion 'o: >9 K 3arks: 9 L - Please choose one Which of the following is a type of leverage ratio? %e#t ratio 'et profit margin #eturn on investment
)urrent ratio
1uestion 'o: >B K 3arks: 9 L - Please choose one The mean age of entrepreneurial enterprises in Pakistan is: 12 years 9J years BA years BB years 1uestion 'o: >> K 3arks: 9 L - Please choose one $n most cases* the venture capitalist: Seeks control of the company 'ever e.pects a seat on the board of directors E'pects the "ana(e"ent tea" to run the daily operations ?dou#tful@ Prefers not to interfere in planning and e.pertise areas 1uestion 'o: >; K 3arks: 9 L - Please choose one )onflicts in 3anagement thoughts and Entrepreneur thoughts are resolved by which of the following company? Cero' pa(e 1A /nilever Walls 5olta 1uestion 'o: >J K 3arks: 9 L - Please choose one The entrepreneur must possess the abilities: )reative )onceptuali8ation /nderstanding environment )ll of the (iven options 1uestion 'o: >C K 3arks: 9 L - Please choose one $n which of the following era entrepreneur enters into a contract with government to perform a service? http://vugoogle.com71 BAth century Earliest period 3iddle ages 12th century 1uestion 'o: >< K 3arks: 9 L - Please choose one Which one of the following is a firm that achieves modest growth? !igh potential growth firm 5oundation fir" %ife style Public company 1uestion 'o: >@ K 3arks: 9 L - Please choose one
$n entrepreneurial domain the commitment to opportunity has short time span but in managerial domain it is: For 9 month For C months 5or lon( ti"e span For 9 year 1uestion 'o: >: K 3arks: 9 L - Please choose one 3oral support network includes all of the following E+)EPT: Spouses Friends Business associates #elatives 1uestion 'o: ;A K 3arks: 9 L - Please choose one Professional support network includes all of the following E+)EPT: Personal affiliations 3entor Trade associations 5riends 1uestion 'o: ;9 K 3arks: J L ,ifferentiate the operating budget from capital budget? 1uestion 'o: ;B K 3arks: J L $t is said that advertising agencies are meant for the promotional tools4 Why do you think that it is a correct statement? 1uestion 'o: ;> K 3arks: 9A L &n PS )orporationP is a corporation which has elected to have its profits pass through to its shareholders* in the same manner as a partnership or sole proprietorship4 Write down the pros and cons of PS )orporationP4 1uestion 'o: ;; K 3arks: 9A L Suppose you want to calculate the net worth of your business4 What kind of statement will you use in order to calculate the net profit? &lso discuss its key feature4 1uestion 'o: ;J K 3arks: 9A L Product or service is the basis of building the marketing plan4 What are the ma6or factors which should be included while writing the marketing plan of a product or service?
1- 6hat causes people to do so"ethin(8 'eed for achievement 'eed for independence Motivation 'one of the mentioned options 2- Individuals $ho help the entrepreneur in #usiness activities #ole models rofessional3support net$or*
Parents 'one of the mentioned options
:- The "ana(ers in an or(ani4ation stron(ly supportin( intrapreneurship is called ----------------------Top "ana(e"ent co""it"ent /pper management commitment %ower management intrapreneur /pper management intrapreneur =- 3333333333333 involves a "anufacturer (ivin( a forei(n "anufacturer the ri(ht to use a patentD trade"ar* or technolo(y in return for a royalty >icensin( Turn-key pro6ects 3anagement contracts 'one of the mentioned options A- 5e"ale entrepreneurs differ in ter"s of 33333333333333333333D 3333333333333333333 3333D and 333333333333333333333333333 Motivation Business s*ills +ccupational #ac*(round 6- In ter"s of 333333333333333333333333333333D "ost entrepreneurs initiate their entrepreneurial careers #et$een the a(es of 22 and =AChronolo(ical a(e 2- Creativity tends to decrease $ith a(e and education True False <- )rrivin( activity occurrin( $hen the venture is started True False
1- The creator is an individual $ho creates so"ethin( ne$ True 5alse 10- )n attri#ute indicatin( the sense of control that a person has over life is called locus of control True False JL In chronolo(ical a(e D "ost entrepreneurs start their careers #et$een a(es a@ 22 and AA bL >A and JJ cL ;A and CJ dL 'one of the given options CL EEEEEEEEEEEEEEEEEEE is the co"#ination of at least t$o fir"s doin( si"ilar #usinesses at the sa"e "ar*et levelaL ,iversified activity 3erger #@ .ori4ontal Mer(er cL 7oint 5enture dL 5ertical 3erger <L 6hich of the follo$in( is &+T reco(ni4ed as a "isconception a#out entrepreneurship8 aL Entrepreneurship is found only is small businesses4 bL Entrepreneurship is easy4 cL Successful entrepreneurship needs only a great idea4 d@ Entrepreneurial ventures and s"all #usinesses are different 1@ )ll of the follo$in( are reco(ni4ed as potential sources of entrepreneurial ideas ECCE TF aL Work e.periences* skills* and abilities bL Familiar and unfamiliar products and services cL Personal interests or hobbies d@ )ll of the selections are reco(ni4ed as potential sources of entrepreneurial ideas-
10@ )n EEEEEEEEEEEEEEEEEEEEEEE is an individual $ho creates so"ethin( for the first ti"eD is a hi(hly driven individual "otivated #y his or her o$n $or* and personal ideasaL Entrepreneur
#@ Inventor cL 0oth a and b dL 'one of the given options
for "ore contents visit http:MMvugoogle4com & patent is granted for a specified amount of time because of the assumption: Select correct option: 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 $ill sti"ulate idea and develop"ent of a #etter product The importance of intellectual property should be understood by entrepreneur even before: Select correct option: !iring a manager En(a(in( an attorney ,eveloping a product Establishing new venture for "ore contents visit http:MMvugoogle4com Which one of the following is ' T an e.ternal factor? Select correct option: 'ew regulations )ompetition Social changes Manufacturin(
Which one of the Following is the way by which an entrepreneur can enter into international business? Select correct option: E.port 'on e2uity arrangements ,irect foreign investment )ll of the (iven options Which one of the following is ' T a condition of a contract? Select correct option: &n offer is made &n acceptance of offer Contract "ust #e ille(al )onsideration is given Which one of the following is a sound strategic option for an entrepreneur when synergy is present? Select correct option: 3erger 0oint venture 3inority interest 3a6ority interest for "ore contents visit http:MMvugoogle4com &n entrepreneur doing business within the national border is called: Select correct option: $nternational entrepreneurship $ntrapreneurship %o"estic entrepreneurship $mports Which of the following grants the owner protection from anyone else making* using and selling the identified innovation? Select correct option:
,tility patent ,esign patent
Plant patent $nternational patent !ealth insurance premium is less e.pensive if there is: Select correct option: ne insured participants Ten participants >ar(e (roup of participants 5ery small group of participants Which one of the following is not a source of idea generation? Select correct option: )onsumers 0rain storming Focus group 'one of the given options Quite confusin( 7uestion )ns$er 9e7uired The product life cycle starts with which stage of product planning and development process? Select correct option: Test marketing stage Product development stage )ommerciali8ation stage roduct plannin( and develop"ent process is a part of product life cycle 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: Select correct option: Synectics (ordon method )hecklist method Scientific method
Which of the following geographical area is having least interest to /4S4 entrepreneurs? Select correct option: Europe The Far East Central )sia Transition economies for "ore contents visit http:MMvugoogle4com $n an international perspective* which of the following decisions are ' T covered under strategic planning of an entrepreneur? Select correct option: 6hat are uni7ue characteristics of each "ar*et8 Who should be involved in marketing decisions? What customer benefits are provided by the product? What are the company"s ma6or strengths and weaknesses? Which one of the following insurance is re2uired by law? Select correct option: %ife insurance Property insurance %isa#ility and vehicle covera(e !ealth care coverage When the multiplicity of environments become too comple. to handle* the international entrepreneurs often ??????????4 Select correct option: Go for "er(ers ,iversify ,ecentrali8e operations Sale out the foreign business for "ore contents visit http:MMvugoogle4com
Which of the following is ' T essential part of the contract?
Select correct option: &ll the parties involved should be named Transaction should be described in detail btain signatures of the persons involved lace $here contract ta*es place ? a(e A:@ Entrepreneurship?MGT602@ 9ecent +nline Qui4 &o 2 1uestion I 9 of BA K Start time: AJ:A;:9< P3 L Total 3arks: 9 The creative process for problem solvin that involves makin the stranefamiliar in first step and then makin the familiar strane throuh personal* direct or symbolic analoy is called: Select correct option: Synectics ordon method )hecklist method Scientific method 0ottom of Form 1uestion I B of BA K Start time: AJ:AJ:;> P3 L Total 3arks: 9 Which of the followin is included in the description of the business? Select correct option:
%ocation Products offered !istory )ll of the iven options 1uestion I > of BA K Start time: AJ:AC:J: P3 L Total 3arks: 9 Which of the followin can not be covered under the copyriht protection? Select correct option: )omputer software Co"puter hard$are Poems and sons 3odels and sculpture 1uestion I @ of BA K Start time: AJ:9A:J@ P3 L Total 3arks: 9 Why should an entrepreneur do a feasibility study? Select correct option: To see if there are possi#le #arriers to success To identify possible sources of funds To estimate the e.pected sales To e.plore potential customers 1uestion I : of BA K Start time: AJ:99:B> P3 L Total 3arks: 9 $n an international perspective* which of the followin decisions are ' T covered under strateic plannin of an entrepreneur? Select correct option: 6hat are uni7ue characteristics of each "ar*et8 Who should be involved in marketin decisions? What customer benefits are provided by the product? What are the company"s ma6or strenths and weaknesses? 1uestion I 9A of BA K Start time: AJ:9B:;@ P3 L Total 3arks: 9 &ll of the followin are essential to maintain secrecy E+)EPT: Select correct option: Train employees to refer sensitive 2uestions to one person %iscuss #usiness in pu#lic places
Provide escorts for all office visitors /se simple security such as locked file cabinets for "ore contents visit http:MMvugoogle4com 1uestion I 99 of BA K Start time: AJ:9;:A: P3 L Total 3arks: 9 Which one of the followin contracts should be in written? Select correct option: #eal estates %ease #entals
)ll of the iven options 1uestion I 9B of BA K Start time: AJ:9;:BJ P3 L Total 3arks: 9 Which one of the factors should be considered while assessin the space for business? Select correct option: Parkin &ccess from roadways to facility ,elivery rates )ll of the iven options 1uestion I 9> of BA K Start time: AJ:9J:A> P3 L Total 3arks: 9 Which of the followin is a more structured method of problem solvin* includin principles and rules for concept formation* makinobservations and e.periments* and finally validatin the hypothesis? Select correct option: Scientific "ethod !euristics &ttribute listin 5alue analysis 1uestion I 9; of BA K Start time: AJ:9J:J@ P3 L Total 3arks: 9 The importance of intellectual property should be understood by entrepreneur even before: Select correct option: !irin a manaer Enain an attorney ,evelopin a product
Establishin new venture 1uestion I 9J of BA K Start time: AJ:9<:9A P3 L Total 3arks: 9 Which of the followin isMare a source of idea eneration? Select correct option: )onsumers Federal overnment 0rain stormin )ll of the a#ove 1uestion I 9C of BA K Start time: AJ:9<:J9 P3 L Total 3arks: 9 $dea of new product is tested in potential consumers to determine consumer acceptance at ????????? stae4 Select correct option: Concept Product development Test marketin )ommerciali8ation 1uestion I 9< of BA K Start time: AJ:9@:;@ P3 L Total 3arks: 9 Followin are the types of non e2uity arranements E+)EPT: Select correct option: %icensin 3anaement contracts %irect e'port Turnkey pro6ects 1uestion I 9@ of BA K Start time: AJ:BA:A: P3 L Total 3arks: 9 Followin are the important aspects of international success E+)EPT: Select correct option: Plannin ,iversification 9eportin not sure )ontrol 1uestion I 9: of BA K Start time: AJ:B9:;A P3 L Total 3arks: 9 !ealth insurance premium is less e.pensive if there is:
Select correct option: ne insured participants Ten participants >are roup of participants 5ery small roup of participants
1uestion I BA of BA K Start time: AJ:BB:9@ P3 L Total 3arks: 9 The evaluation criteria for the new product should include all of the followin* E+)EPT: Select correct option: ,etermination of market demand %eter"ination of the suppliers Pricin and marketin policies of other competin firms Product should be profitable B9L Which one of the following is the ne.t stage to the )oncept Stage of Product Planning and ,evelopment Process? $dea Stage Product Planning Stage roduct %evelop"ent Sta(e Test 3arketing Stage BBL Which of the following contains large number of new ideas? Files of Patent office fficial (a8ette (overnment patent 0oard )ll of the (iven option B>L &ccording to the governing bodies of common laws* the life of trade secret is: Select correct option: 9B years 9< years BA years )s lon( as it re"ains confidential
MGT602 MCQs 5ro" Qui4 httpFGGvu(oo(le-co" The entrepreneur was distinguished from capital provider in: Select correct option: 1<th century 9<th century 9:th and BAth century 3iddle ages $ndividuals influencing an entrepreneur"s career choice and style are known as: Select correct option: 9ole "odel 3oral-support network
Professional support network Support system #ef: #ole models $ndividuals influencing an entrepreneur"s career choice and style The person with capital was differentiated from the one who needed the capital in the: Select correct option: 3iddle ages 9<th century 1<th century BAth century #ef: $n the 9@th century the person with capital was differentiated from the one who needed capital4 $n other words* entrepreneur was distinguished from the capital provider4 3any of the inventions developed during this time as was the case with the inventions of Eli Whitney and Thomas Edison were unable to finance invention themselves4 0oth were capital users KentrepreneursL* not capital providers Kventure capitalists4L Whitney used e.propriated crown property4 Edison raised capital from private sources4 Which one of the following is the ne.t stage to the )oncept Stage of Product Planning and ,evelopment Process? Select correct option: $dea Stage Product Planning Stage
roduct %evelop"ent Sta(e Test 3arketing Stage #ef:
)oncept Stage $n the concept stage the refined idea is tested to determine consumer acceptance without manufacturing it4 ne method of testing is the conversational interview in which respondents are e.posed to statements that reflect attributes of the product4 Features* price* and promotion should be evaluated in comparison to ma6or competitors to indicate deficiencies or benefits4 The relative advantages of the new product versus competitors should be determined4 Product ,evelopment Stage $n this stage* consumer reaction is determined* often through a consumer panel4 The panel can be given samples of the product and competitors" products to determine consumer preference4 Participants keep the record of their use of product and comment on its virtues and deficiencies4 $t is proved that most businesses failed because of improper planning of anMa: Select correct option: $nvestor 3arketer Entrepreneur )onsultant #ef: 0ankers say that most businesses fail because of the entrepreneur"s inability to plan effectively4 The entrepreneur can enhance efficient Why should an entrepreneur do a feasibility study? Select correct option: To see if there are possi#le #arriers to success To identify possible sources of funds To estimate the e.pected sales To e.plore potential customers #ef:
0efore preparing a business plan* the entrepreneur should do a 2uick feasibility study to see if there are possible barriers to success Which of the following is ' T part of entrepreneurial strategy? Select correct option: & feedback loop (eneration of a new entry opportunity E'pansion of an e'istin( opportunity E.ploitation of a new entry opportunity #ef: http:MMhighered4mcgraw-hill4comMsitesMAA<>B9AJCAMstudent?viewAMchapters9>Mmi.ed?2ui84html for more contents visit http:MMvugoogle4com The long-term future of the new venture depends on the ??????????4 Select correct option: ositive Cash flo$ Employees loyalty 0usiness ideas
Economy &n ice cream producing company merges with a cotton spinning company this merger is an e.ample of: Select correct option: %iversified activity "er(er Product e.tension merger 3arket e.tension merger 5ertical merger #ef: & diversified activity merger is a conglomerate merger involving the consolidation of two unrelated firms4
0anks are usually reluctant to give loan to the Select correct option: Private %imited )ompanies Partnership firm Public %imited )ompanies Sole roprietor Following are the types of foreign direct investment E+)EPT: Select correct option: 7oint venture Mana(e"ent contracts 3inority interest 3erger
#ef: 3anagement contracts Entrepreneurs can contract their management techni2ues and skills* often following a turn-key pro6ect4 The management contract allows the purchasing country to gain foreign e.pertise without turning ownership over to a foreigner %icensing is a significant marketing strategy to: Select correct option: ,se intellectual property of others Pirate others" patents (row the business in new markets )ontrol the costs #ef: %$)E'S$'( %icensing is an arrangement between two parties* where one party has proprietary rights protected by a patent* trademark* or copyright4 This re2uires the licensee to pay a royalty to the holder of the proprietary rights in return for permission to copy the The entrepreneur utili8es the resources through: Select correct option: Identifyin( and evaluatin( the opportunity ,eveloping a business plan $mplementing the business plan 3anage the enterprise Which one of the following culture that has a climate and reward system that favor conservative decision making? Select correct option: Entrepreneurial
$ntrapreneurial Corporate 'one of the given options #ef: The typical corporate culture has a climate and reward system that favors conservative decision making4 Emphasis is on gathering large amounts of data as the basis for a rational decision4 #isky decisions are often postponed until hard facts are gathered or a consultant is hired4 ften there are so many approvals re2uired that no individual feels personally responsible for the Which one of the following is the first step in the entrepreneurial process? Select correct option: ,eveloping successful business ideas %ecidin( to #eco"e an entrepreneur (rowing the entrepreneurial firm 3oving from an idea to an entrepreneurial firm &ccording to the governing bodies of common laws* the life of trade secret is: Select correct option: 9B years 9< years BA years )s lon( as it re"ains confidential The most important characteristic of a successful business website is:: Select correct option:
Speed
$nnovation (raphics Products Which of the following cannot be used as basis of loan? Select correct option: Worth of the business $nventory Fi.ed asset )ll of the a#ove ,eveloping a new idea through in2uiry and testing is called: Select correct option: !euristics Forced relationship Scientific "ethod 5alue analysis Professional support network includes following E+)EPT Select correct option: Personal affiliations 3entor Trade associations 5riends Which one of the following is not a source of idea generation? Select correct option: )onsumers 0rain storming Focus group &one of the (iven options Which of the following is ' T a re2uirement of ,isclosure ,ocument? Select correct option: ,escription of the invention
)laims for invention"s usefulness Photos of invention Cover letter Which one of the following is a sound strategic option for an entrepreneur when synergy is present? Select correct option: 3erger 0oint venture 3inority interest 3a6ority interest #ef: Two firms get together and form a third company in which they share the e2uity4 7oint ventures have been used by entrepreneurs in two situations: 94 When the entrepreneur wants to purchase local knowledge and an established facility4 B4 When rapid entry into a market it needed4 The keys to success of 6oint ventures have not been well understood4 #easons for forming a 6oint venture today are different than those in the past4 riginally* 6oint ventures were used for trading purposes and were one of the oldest ways of transacting business4 7oint ventures in the /4S4 took the form of vertical 6oint ventures used by mining concerns and railroads4 3otives for the significant increase in the use of 6oint ventures: a4 To share the costs and risks of an uncertain pro6ect4 b4 ToTo gain synergy between the two firms4 Which of the following conversion system is most comple. and re2uires careful evaluation of inventory? Select correct option: 5I5+ to >I5+ %$F to F$F Single entry to double entry ,ouble entry to single entry $n stage of responsibility allocation process the entrepreneur follows:
Select correct option:
.i(hly centrali4ed decision "a*in( process !ighly decentrali8ed decision making process Somewhat centrali8ed decision making process 'o particular standard (overnment can help in forming new venture by providing: Select correct option: Finance Technology Infrastructure Subsidiaries #ef: The government also contributes by providing the infrastructure to help a new venture4 $n which of the following business* the records are needed to be maintained on the basis of monthly charges paid by the customers? Select correct option: Pharmaceutical Service venture nline venture &uto industry Which of the following budget is re2uired for the purchase of new e2uipment? Select correct option: Sales 0udget perational 0udget
Capital Bud(et 3anufacturing 0udget #ef: & capital budget may pro6ect e.penditures for new e2uipment* vehicles* or new facilities There is an evidence that an entrepreneur usually has ??????????????? parents4 Select correct option: Self e"ployed ,iscouraged 'on supportive Strict Which of the following is ' T followed in brainstorming? Select correct option: Criticis" is done #y the (roup "e"#ers The wilder idea is better 1uantity of ideas is re2uired The session should be fun* with no on dominating the discussion The ?????? plan describes how the product will be distributed and priced4 Select correct option: Financial Production
5enture Mar*etin( Which one the following is the uncontrollable factor in international trade? Select correct option: Economic )ultural Technological )ll of the (iven options ,egree of influence and control on other people is called: Select correct option: >ocus of control %ocomotion of control %ocust of control
%oss of control %enders are primarily interested in the: Select correct option: Personal relationship )#ility to pay #ac* loan Progress of the venture 'o concern Foundation companies are formed from:
Select correct option: Fashion 3ost popular business & winding up company 9esearch and develop"ent Which one of the following ratios is a more careful test of the short-term li2uidity of the venture? Select correct option: ,ebt ratio &ctivity ratio )cid test ratio Profitability ratio #ef: &cid test ratio is a more rigorous test of the short-term li2uidity of the venture Which of the following gives the owners a negative right* preventing anyone from making* using* or selling the invention? Select correct option: atent )opyright Trade mark Trade secret Which of the following contains all backup material that is not included in the te.t of business plan? Select correct option: !istory of entrepreneur
Financial plan )ppendi' 0ibliography The commitment of administrative domain to the resources is for: Select correct option: Periodic intervals Total a"ount needed For certain tasks For long time When the ,irectorate of $ndustries* 0alochistan was formed? Select correct option: 9:<B 9:<> 9:<J 1126 Which of the following is the best option for starting the business with e2uity financing? Select correct option: Sole Proprietor Corporation Partnership firm 'one of the above Which of the following contains large number of new ideas? Select correct option:
Files of Patent office fficial (a8ette (overnment patent 0oard
)ll of the (iven option httpFGGvu(oo(le-co" What can be the effect on cash flows due to delays in payments by the clients? Select correct option: Positive cash flows &e(ative cash flo$s 'o effect on cash flows
'one of the given options #ef: /sing internal credit makes the firm responsible for collecting delin2uent payments* and payment delays can create negative cash flows4 &ll of the following are essential to maintain secrecy E+)EPT: Select correct option: Train employees to refer sensitive 2uestions to one person %iscuss #usiness in pu#lic places Provide escorts for all office visitors /se simple security such as locked file cabinets &ndrew )arnegie is an e.ample of entrepreneur of which century: Select correct option: Earliest period 11th and 20th century 3iddle ages 9<th century The assessment of the needed resources by the entrepreneur starts with: Select correct option: &n appraisal of the entrepreneur"s present resources &n assessment of economic conditions of the country ) scannin( of friends and fa"ily for funds
& survey of banks and other financial institutions in the area & typical inventor is usually ????????????????????????4 Select correct option: .i(hly creative / in love $ith the invention ,oes not encourage change Willing to modify the invention in order to augment commercial benefit 'one of the given options The activity which occurs when the new venture is started are called: Select correct option: 3otivation 0usiness skills %eparture point (oal orientation Which statement of the following relates with the ultimate goal of 0usiness Select correct option: Profit Statement (oal Statement Mission State"ent 5ision Statemen Which one of the following is the systematic assembly of all the facts about a 6ob? Select correct option:
7ob Specification 7ob ,escription 7ob $dentification 0o# )nalysis ??????????? is re2uired if a company wants to be more fle.ible in adopting changes4 Select correct option: 3anagement commitment )ontact with customers
Technolo(y 3ore productivity $n which rule under Q#egulation-,"* a company can sell up to RJAA*AAA of securities to any number of investors in any 9B-month period? Select correct option: #ule JAB #ule JA> 9ule A0= #ule JAJ #ef: /nder #ule JA; a company can sell up to RJAA*AAA of securities to any number of investors in any 9B-month period4 ?????????? is commonly used to measure the short-term solvency of the venture? Select correct option: ,ebt to e2uity ratio Current ratio Profitability ratio
&ctivity ratio #ef: %i2uidity #atios )urrent ratio is commonly used to measure the short-term solvency of the venture or its ability to meet its short-term debts4 The current liabilities must be covered from cash or its e2uivalent n the part of entrepreneur which of the following hasM have a great concern to the $nvestors Select correct option: E.perience )ommitment =nowledge )ll of the a#ove 0eing one"s own boss is a need of: Select correct option: Independence &chievement &ffiliation &uthority #ef: 'eed for independence4 0eing one"s own boss-one of the strongest needs of an entrepreneur &n actor and a person who managed large pro6ect were termed as the entrepreneur in the ?????????4 Select correct option: Earliest period Middle a(es 9<th century 9:th and BAth century #ef: 3iddle &ges $n this age the term entrepreneur was used to describe both an actor and a person who managed large production pro6ects4 $n such large production pro6ects* this person did not take any risks* managing the pro6ect with the resources provided4 & typical entrepreneur was the cleric who managed architectural pro6ects4
for more contents visit http:MMvugoogle4com The evaluation criteria for the new product should include all of the following* E+)EPT: Select correct option: ,etermination of market demand %eter"ination of the suppliers Pricing and marketing policies of other competing firms Product should be profitable The business plan should be prepared by: Select correct option:
Entrepreneurs )onsultants Engineers Small business administration services #ef: & business plan is a written document prepared by the entrepreneur ???????????????? distribute profits to owners through dividends Select correct option: Sole Proprietor (eneral Partnership %imited Partnership Corporation #ef: )orporations distribute profits through dividends to stockholders4
Which of the following shows the e.ample of collateral? Select correct option: #eal State Shares Tangible property )ll of the (iven options #ef: The collateral or tangible assets being secured Which one of the following culture that has a climate and reward system that favor conservative decision making? Select correct option: Entrepreneurial $ntrapreneurial Corporate 'one of the given options #ef: The typical corporate culture has a climate and reward system that favors conservative decision making4 ??????????? is re2uired if a company wants to be more fle.ible in adopting changes4 Select correct option Mana(e"ent co""it"ent )ontact with customers Technology 3ore productivity #ef: Without top management commitment* the organi8ation will never be able to make the necessary changes4 When the multiplicity of environments become too comple. to handle* the international entrepreneurs often ??????????4 Select correct option: Go for "er(ers ,iversify ,ecentrali8e operations Sale out the foreign business for "ore contents visit http:MMvugoogle4com
1- In #rainstor"in( 'o criticism is allowed 1uantity of ideas is desired 'one of the mentioned options Both of the "entioned options 2- ) techni7ue that as*s 7uestions a#out o#Bects or ideas in an effort to develop a ne$ idea is !euristics 3atri. charting
5orced relationships &ttribute listing :- The solution develop"ent is 0ig-,ream approach Parameter &nalysis Creative synthesis 'one of the above =- erceived #enefits Gris*s involve the follo$in( factorsF
/tility to customer )onsumption habits 0uying motives )ll of the a#ove A- ) patent is & document between government and an inventor Grants holder protection fro" others "a*in(D usin(D or sellin( si"ilar idea & public domain 'one of the above 6- 33333333333333333333333333333333333333333333 uses individuals in a "anner that is analo(ous to focus (roups to (enerate ne$ product ideasro#le" inventory analysis 2- ) 33333333333333333333333333333 leads a (roup of people throu(h an openD in3depth discussionModerator <- 33333333333333333333333333333D 333333333333333333333333333 and 3333333 3333333333333333333333 should #e evaluated fro #oth the concept #ein( studied and any "aBor co"petin( products5eaturesD priceD and pro"otion 1- In evaluation processD the 33333333333333333333333333333333333333 333333333D provides actual sales resultsD $hich indicate the acceptance level of consu"ersTest "ar*etin( sta(e
10- The 3333333333333333333333333333333333333 techni7ue develops "ethods for "a'i"i4in( value to the entrepreneur and the ne$ ventureHalue analysis
Entrepreneurship?MGT 602@ Qui4 0:
1- Mar*etin( "i' includesF roduct or service Financing )onsumer #etailer B4 6hich of the follo$in( state"ent is true for ta' advanta(e of proprietorship8 There is double ta. on profits There is no capital stoc* ta' or penalty for re tained earnin(s 0oth of the options given 'one of the options given :- Industry analysis should include infor"ation onF
3arket si8e of competitor"s product (rowth rate of suppliers 'ew products entry
Econo"ic conditions =- 6e need to update the #usiness plan #ecauseIIII Environ"ental factors and internal factors can chan(e the direction of the plan (oals set by the entrepreneurs may be unreasonable4 (oals may not be measurable4 (oals may not be specific A- Mar*etin( research involves the (atherin( of data in order to deter"ine infor"ation asF Who will buy the product? What price should be charged? What is the most effective promotion strategy? )ll of the "entioned options 6- The "ar*etin( plan descri#es ho$ the products $ill #e distri#utedD pricedD and pro"oted8 True False 2- The "ar*etin( plan should #e a superficial docu"entTrue 5alse <- The >>C is si"ilar to an S corporationD #ut is "ore fle'i#le
True False 1- The entrepreneur should have a (ood idea of $ho the custo"er or tar(et "ar*et $ill #eF True False 10- The or(ani4ational plan section should not descri#e the venture!s for" of o$nership True 5alse
Entrepreneurship?MGT 602@ Qui4 0=

94 The "ost often used type of funds is Inter nally (ener ated funds E.ternally generated funds )ommercial bank funds 'one of the mentioned options 2- 6hich of the follo$in( is not type of Ban* >oans8 $nventory loans )ccounts paya#le loans E2uipment loans
#eal estate loans >4 Conventional #an* loans includeF %ines of credit $n stallment loans
Straight com mercial loans )ll of the "entioned options ;4 6hen an entrepreneur is una#le to secure a re(ular co" "ercial #an* loanD an alternative is aF Small and medium enterprise loan )haracter loan S"all Business )d "inistration ?SB)@ Guaranty >oan E2uipment loan A- Install"ent loans can #e o#tained #y a (oin( ven ture $ith a trac* record of: Sales and profits )ustomers Supplier"s chain &ll of the mentioned options 6- The financial plan provides the lon( ter" #asis for #ud(etin( and helps prevent a co""on pro#le"3lac* of cashTrue 5alse
2- Cash flo$ is not the sa"e as profit True False <- The "ost often used type of funds is inter nally (ener ated funds True False 1- Inventory is often a #asis for a loanD par ticularly $hen inventory is not li7uid True 5alse 10- The loan application for"at is (enerally a J"iniJ #usi ness plan True False
94 ne effective way to begin the "ar*etin( plan is a- To "a*e a list of the infor"ation that $ill #e needed to prepare the "ar*etin( planb-(athering ,ata from Secondary Sources c4 (athering $nformation from Primary Sources4 d4 'one of the options given B4 & focus group http://vugoogle.com111 a4 $s a sample of 9A or 9B potential investors who participate in a discussion? b4$s a sample of 9A or 9B potential employees who participate in a discussion? c- Is a sa"ple of 10 or 12 potential custo"ers $ho participate in a discussion8 d4 'one of the options given >4 The situation analysis is a4 ,efining Target 3arketM pportunities and Threats4 b4 )onsidering Strengths and Weaknesses
c- ) revie$ of $here the co" pany has #een and considers envi ron"ental factorsd4 'one of the options given ;4 ne of the difficult decisions a4 $s about the distribution of the product #-Is deter"inin( the appropriate price for the productc4 $s about the promotion of the product d4 'one of the options given J4 Which of the following statement is true for marketing system? a4 $t is all about the internal envoi mental factors http://vugoogle.com112 b4 It identifies the "aBor interactin( co"ponentsD #oth internal and e'ternal c- $t"s about the financial needs of the venture d4 'one of the options given C4 $n setting marketing goals and ob6ectives the entrepreneur must a4 Set the price b4 ,istribution place c4 3ust satisfy customers d4 &one of the a#ove <4 The financial plan provides a complete picture of a4 !ow much and when the funds are coming into the organi8ation4 b4 Where the funds are going4 c4 !ow much cash is available? d- )l of the options (iven @4 0efore developing the pro forma income statement* the entrepreneur should a4 Prepare operating budgets b4 )apital budgets4 c4 'one of the options given d- Both of the options (iven ?aD#@ :4 Which of the following statement is true? a4 )ash flow is same as profit4 http://vugoogle.com113 #- rofit is the result of su#tractin( e'penses fro" salesc4 )ash flow results from the difference between all cash available and cash pay ments4 d4 )ash flows only when actual payments are not made but only received4
9A4 Which of the statement is not true? a4 The S )orporation combines the ta. advantages of the partnership and the corporation4 b4S )orporations represent almost half of all corporate fil ings4 c4 & popular new entity is the limited liability company K%%)L d4 >i"ited lia#ility Co"pany ?>>C@ offers si"ilar disadvanta(es as the S Corpora tion
94 &ny patents* trademarks * copyright or trade secrets held by the entrepreneur is known as 11 ,isclosure document 81 Patent $1 Intellectual property +1 'one of the mentioned 51 71 B4 The organi8ation will never be able to make the necessary changes without????????? 11 Top "ana(e"ent co""it"ent 81 Employees $1 Workers
+1 'one of the mentioned >4 The ways entrepreneurs make decisions4 11 Entrepreneurial do"ain81 #everse brain storming $1 !euristics +1 d4#everse brain storming 51 A- ) $ordD sy"#olD na"e or device that a #usiness uses to identify its (oods11 & legal protection for information on foreign products4 81 %egal protection for intellectual works4 $1 %egal protection for a /4S4 product e.ported to another country +1 51 71 C4 locus of control is 11 & feeling 81 &ttitude $1 )ttri#ute +1 'one of the above 51 71 < %icensing arrangements have 11 %ow risk process involved 81 Easy way to generate incremental income $1 Several pitfalls +1 )ll of the a#ove 51 71 %1 @4 Personal characteristics to be a successful entrepreneur includes 11 /nderstanding environment 81 )reating management options
$1 Encourage open discussion +1 )ll of the a#ove 51 71 %1 :4$nternational entrepreneurship is 11 %icensing 81 E.porting $1 Both of the "entioned options +1 'one of the two mentioned Which of the following is not a characteristic that is helpful for an entrepreneur to have? a4 Self-esteem b4 Caution c4 ,rive d4 ptimism 9A4!indrance for going in the international business is known as 11 Synergy 81 Turn key point $1 Trade #arrier +1 3inority interest 94 &ny patents* trademarks * copyright or trade secrets held by the entrepreneur is known as 11 ,isclosure document 81 Patent $1 Intellectual property +1 'one of the mentioned 51 71 B4 The organi8ation will never be able to make the necessary changes without????????? 11 Top "ana(e"ent co""it"ent
81 Employees $1 Workers +1 'one of the mentioned >4 The ways entrepreneurs make decisions4 11 Entrepreneurial do"ain81 #everse brain storming $1 !euristics +1 d4#everse brain storming 51 A- ) $ordD sy"#olD na"e or device that a #usiness uses to identify its (oods11 & legal protection for information on foreign products4 81 %egal protection for intellectual works4 $1 %egal protection for a /4S4 product e.ported to another country +1 51 71 C4 locus of control is 11 & feeling 81 &ttitude $1 )ttri#ute +1 'one of the above 51 71 < %icensing arrangements have 11 %ow risk process involved 81 Easy way to generate incremental income $1 Several pitfalls
+1 )ll of the a#ove 51 71
%1 @4 Personal characteristics to be a successful entrepreneur includes 11 /nderstanding environment 81 )reating management options $1 Encourage open discussion +1 )ll of the a#ove 51 71 %1 :4$nternational entrepreneurship is 11 %icensing 81 E.porting $1 Both of the "entioned options +1 'one of the two mentioned Which of the following is not a characteristic that is helpful for an entrepreneur to have? a4 Self-esteem b4 Caution c4 ,rive d4 ptimism 9A4!indrance for going in the international business is known as 11 Synergy 81 Turn key point $1 Trade #arrier +1 3inority interest
LL# is more *le4ible than $ele&t &orre&t o"tion5 S Corporation Limited (artnershi" $ole (ro"rietor
6ll o* the above
Limited liabilit% &or"orations are still more *le4ible than the $ &or"oration7 but &onversion entails a si ni*i&ant &ost8 More than hal* o* all $ &or"orations have
Bhich of the follo/ing is alternati0ely called cor!orate 0enturingC Select correct option: 9ntre!reneurshi! +ntrapreneurship Act of stating a ne/ 0enture 3ffering ne/ !roducts y an e#isting com!any Bhich of the follo/ing areas are !referred y /omen entre!reneursC Select correct option: Administration Dtilities Manufacturing Aone of the a o0e 2eing one)s o/n oss is a need of:
Select correct option:
+ndependence Achie0ement Affiliation Authority htt!:660ugoogle1com A ty!ical in0entor is usually ........................1 Select correct option: &ighly creative 0 in love -ith the invention -oes not encourage change Billing to modify the in0ention in order to augment commercial enefit Aone of the gi0en o!tions uestion 1 2 of !" 3 Start time: "4:$2:!" %M 5 "n some countries5 !oint of !urchase dis!lays are not allo/ed in retail stores1 Such differences under .......... en0ironment1 Select correct option: 9conomic (olitical (ultural Technological http://vugoogle.com121 The difference in the entre!reneurial and managerial domains has contri uted to/ards an increase Select correct option: 6orming ne- firms (artnershi! "ntra!reneurshi! (ri0ate firms -egree of influence and control on other !eo!le is called: Select correct option: htt!:660ugoogle1com 7ocus of control 'ocomotion of control 'ocust of control 'oss of control Bhich one of the follo/ing is A3T the !ro lem in de0elo!ing the economies of different under de0e Ountry .Select correct option: ?a! of kno/ledge Earia le rate of return Same communication style -ifferent accounting system Bhich of the follo/ing statements a out the intre!reneurial climate is (are) trueC
Select correct option: Trial and error are discouraged1 8esources of the firm need to e availa le and easily accessi le A multidisci!linary a!!roach is discouraged1 =ailures are not allo/ed Bhich of the follo/ing firm achie0es modest gro/th: Select correct option: &igh potential gro-th firm =oundation firm 'ife style (u lic com!any The chief moti0ational factor for ................. entre!reneurs to lea0e ;o s is the frustration of /hich they are ca!a le1 Select correct option: htt!:660ugoogle1com Male 6emale Houng All of the gi0en o!tion "n some countries5 !oint of !urchase dis!lays are not allo/ed in retail stores1 Such differences http://vugoogle.com123 under .......... en0ironment1 Select correct option: 9conomic (olitical (ultural Technological Bhich of the follo/ing factors has allo/ed small com!anies to act like they are ig onesC Select correct option: *om!etition 9conomic de0elo!ment /echnology *ustomers The entre!reneur /as distinguished from ca!ital !ro0ider in: Select correct option: !.th century 1%th century 1&th and 80th century Middle ages ?a4elles are the firms /ith: http://vugoogle.com124
Select correct option: &igh gro-th rate Moderate gro/th rate IeroJ gro/th rate 'o/ gro/th rate =emale entre!reneurs differ from male entre!reneurs in terms of all of the follo/ing 9<*9(T: Select correct option: Moti0ation 2usiness skills -e!arture !oint 9oal orientation The acti0ity /hich occurs /hen the ne/ 0enture is started are called: Select correct option: Moti0ation 2usiness skills Departure point ?oal orientation =oundation com!anies are formed from: Select correct option: =ashion Most !o!ular usiness A /inding u! com!any 8esearch and development =ollo/ing are the ty!es of non e>uity arrangements 9<*9(T: Select correct option: htt!:660ugoogle1com 'icensing Management contracts Direct export Turnkey !ro;ects Bhich of the follo/ing areas are !referred y /omen entre!reneursC Select correct option: Administration Dtilities Manufacturing Aone of the a o0e http://vugoogle.com125 ........... is re>uired if a com!any /ants to e more fle#i le in ado!ting changes1 Management commitment *ontact /ith customers Technology More !roducti0ity Bhich one of the follo/ing is the fourth ste! in the entre!reneurial !rocessC -e0elo!ing successful usiness ideas
-eciding to ecome an entre!reneur ?ro/ing the entre!reneurial firm Mo0ing from an idea to an entre!reneurial firm Moral su!!ort net/ork includes follo/ing 9<*9(T: S!ouses =riends 2usiness associates 8elatives Moral@su!!ort net/ork Bhen the multi!licity of en0ironments ecome too com!le# to handle5 the international entre!reneurs often ..........1 9o for mergers -i0ersify -ecentrali4e o!erations Sale out the foreign usiness The acti0ity /hich occurs /hen the ne/ 0enture is started are called: Moti0ation 2usiness skills http://vugoogle.com126 Departure point ?oal orientation "ndi0iduals influencing an entre!reneur)s career choice and style are kno/n as: 8ole model Moral@su!!ort net/ork (rofessional su!!ort net/ork Su!!ort system (rofessional su!!ort net/ork includes follo/ing 9<*9(T: (ersonal affiliations Mentor Trade associations =riends Bhich of the follo/ing recei0es highest in0estmentC &igh potential venture =oundation firm 'ife style (u lic com!any An entre!reneur doing usiness /ithin the national order is called: Select correct o!tion: "nternational entre!reneurshi! "ntra!reneurshi! Domestic entrepreneurship "m!orts All of the follo/ing are the road categories of 9#ternal forces 9<*9(T: http://vugoogle.com127 Select correct o!tion: 9conomic forces
Socioeconomic forces 3dou ted5 Technological forces *om!etiti0e forces Question # $ of 10 ( Start time: 05:8$:8& (M ) Total Marks: 1 Bhich one of the =ollo/ing is the /ay y /hich an entre!reneur can enter into international usinessC Select correct o!tion: 9#!ort Aon e>uity arrangements -irect foreign in0estment All of the given options Question # + of 10 ( Start time: 05:8+:1& (M ) Total Marks: 1 Bhich one of the follo/ing system is necessary for e#!ansion and elimination of intra!reneurial unitsC Select correct o!tion: Management 90aluation 8e-ard Training htt!:660ugoogle1com Question # 5 of 10 ( Start time: 05:85:05 (M ) Total Marks: 1 "n stage of res!onsi ility allocation !rocess the entre!reneur follo/s: Select correct o!tion: &ighly centralized decision ma'ing process http://vugoogle.com128 Fighly decentrali4ed decision making !rocess Some/hat centrali4ed decision making !rocess Ao !articular standard Question # 7 of 10 ( Start time: 05:85:5, (M ) Total Marks: 1 An entre!reneur into the hosiery usiness found out the reason his hosiery /as not selling /as due to its color1 Bhat could e the est source of this informationC Select correct o!tion: Su!!lier 8etailer *om!etition ?o0ernment ureau Question # % of 10 ( Start time: 05:8%:01 (M ) Total Marks: 1 Bhich one of the follo/ing is a arriers to ne/ !roduct creation and de0elo!mentC Select correct o!tion: Trial and error 3!!ortunity !arameter 3!!ortunity cost "ntra!reneurshi! culture Question # , of 10 ( Start time: 05:8%:+$ (M ) Total Marks: 1
The difference et/een the 0alue of a country)s im!orts and e#!orts o0er time is called: Select correct o!tion: -eficit e#!orts -eficit im!orts ,alance of payment 2alance of de t http://vugoogle.com129 Question # & of 10 ( Start time: 05:8,:15 (M ) Total Marks: 1 Moral su!!ort net/ork includes follo/ing 9<*9(T: Select correct o!tion: S!ouses =riends ,usiness associates Gelati0es Question # 10 of 10 ( Start time: 05:8,:50 (M ) Total Marks: 1 Selling goods to another country through a !erson in the entre!reneur)s home country is kno/n as: Select correct o!tion: Trading -irect e#!ort +ndirect export -omestic sales The intersection of kno/ledge and a recogni4ed social need to start a !roduct de0elo!ment !rocess is called: Select correct option: +terative synthesis (roduct@e0olution !rocess 3rdinary inno0ation Situation analysis http://vugoogle.com130 "n stage of res!onsi ility allocation !rocess the entre!reneur follo/s: Select correct option: http://vugoogle.com131 &ighly centralized decision ma'ing process Fighly decentrali4ed decision making !rocess Some/hat centrali4ed decision making !rocess Ao !articular standard ?o0ernment can hel! in forming ne/ 0enture y !ro0iding: Select correct option: =inance Technology +nfrastructure Su sidiaries An entre!reneur is a !erson /ho is a:
Select correct option: htt!:660ugoogle1com Gisk taker "nitiator Actor All of the given options Bhich one of the =ollo/ing is the /ay y /hich an entre!reneur can enter into international usinessC Select correct option: http://vugoogle.com132 9#!ort Aon e>uity arrangements -irect foreign in0estment All of the given options :uestion 1 ; of !" 3 Start time: "2:2!:24 %M 5 /otal Mar's: 2eing one)s o/n oss is a need of: Select correct option: +ndependence Achie0ement Affiliation Authority Bhich of the follo/ing has a contradictory relationshi! /ith an indi0idual for eing an entre!reneurC Select correct option: Fis irth order (arents) social status %arents< occupation Gelationshi! /ith !arents :uestion 1 . of !" 3 Start time: "2:2=:". %M 5 /otal Mar's: Bhich one of the follo/ing is a arriers to ne/ !roduct creation and de0elo!mentC http://vugoogle.com133 Select correct option: Trial and error 3!!ortunity !arameter 3!!ortunity cost "ntra!reneurshi! culture :uestion 1 > of !" 3 Start time: "2:22:4! %M 5 /otal Mar's: -egree of influence and control on other !eo!le is called: Select correct option: 7ocus of control 'ocomotion of control 'ocust of control 'oss of control Bhich of the follo/ing factors does not affect a !erson for eing an entre!reneurC
Select correct option: Bork history *ationality 9ducation (ersonal 0alues Bhich one the follo/ing is the uncontrolla le factor in international tradeC http://vugoogle.com134 Select correct option: 9conomic *ultural Technological All of the given options :uestion 1 $ of !" 3 Start time: ";:"!:!! %M 5 /otal Mar's: (rofessional su!!ort net/ork includes follo/ing 9<*9(T: Select correct option: %ersonal affiliations Mentor Trade associations 6riends http://vugoogle.com Bhen the multi!licity of en0ironments ecome too com!le# to handle5 the international entre!reneu Select correct option: 9o for mergers -i0ersify -ecentrali4e o!erations Sale out the foreign usiness http://vugoogle.com135 9#ternal forces directly affect all of the follo/ing 9<*9(T: Select correct option: Market segmentation strategies Ty!es of !roducts6ser0ices offered Management structure of organi4ation *hoice of usinesses to ac>uire or sell =oundation com!anies are formed from: Select correct option: =ashion Most !o!ular usiness A /inding u! com!any 8esearch and development :uestion 1 ; of !" 3 Start time: ";:"2:4; %M 5 /otal Mar's: The resources ac>uired from others(creditors5 anks etc) are usually: Select correct option: 9asily a0aila le -ifficult to o tain Eery useful
Eery chea!
A ty!ical in0entor is usually ........................1 Select correct option: &ighly creative 0 in love -ith the invention -oes not encourage change Billing to modify the in0ention in order to augment commercial enefit Aone of the gi0en o!tions Bhich one of the follo/ing is a firm that achie0es modest gro/thC Select correct option: &igh potential gro-th firm =oundation firm 'ife style (u lic com!any ........... is re>uired if a com!any /ants to e more fle#i le in ado!ting changes1 Select correct option: Management commitment *ontact /ith customers Technology More !roducti0ity Bhich one of the follo/ing system is necessary for e#!ansion and elimination of intra!reneurial uni Select correct option: Management 90aluation Ge/ard Training htt!:660ugoogle1com
9-Writing business plan can ensure that aL Dou achieve your e.pense pro6ections4 bL Kou fi(ure out ho$ to "a*e your #usiness $or*4 cL Dou meet your target revenue goals4 dL Dou make a profit4 B-Dour ???????? is a concise communication of your strategy including your business definition and your competitive advantage aL Target market analysis bL 3ission statement cL 5alues statement dL Business plan >-!igh-potential ventures are a@ Hentures that have hi(h (ro$th potential and therefore receive (reat investorLs interest bL 5ery low growth venture cL Small ventures that support the owners and usually do not grow dL 'one of the mentioned options ;-$nner control KdisciplineL* risk taking* innovativeness* change oriented personality are aL 0usiness management skills
bL Technical skills cL ersonal entrepreneurial s*ills dL 'one of the mentioned options J-Proactiveness includes aL $nitiative taking bL #isk taking cL )ompetitive aggressiveness d@ )ll of the "entioned options C-Some of the worldSs greatest entrepreneurs have overcome challenges from their childhood and youth* including: aL %earning disabilities bL E'tre"e poverty cL &buse dL &ll of the mentioned options <-Entrepreneurs view change as aL )n opportunity bL &n inevitable situation cL & problem dL 'one of the above options @-Profit is a sign that an entrepreneur has added value to the FscarceG ???????? that he or she is using4 aL 9esources bL Employees cL (oods dL $deas :-0reakthrough innovations are aL & new product with 6ust physical change #@ ) ne$ product $ith so"e technolo(ical chan(e cL Same product with some technological change dL 'one of the mentioned options
9-)ombination of at least two firms doing similar businesses at the same level is: .ori4ontal Mer(er 5ertical 3erger Product E.tension 3erger ,iversified &ctivity 3erger B-& ?????????????? is an entity formed between two or more parties to undertake economic activity together4 $ndirect E.porting 0oint Henture %icensing Entrepreneurship >-)ombination of at least two firms at different market levels is: !ori8ontal 3erger Hertical Mer(er Product E.tension 3erger ,iversified &ctivity 3erger -???????????? is a method of developing new ideas when the individuals are unaware of the problem4 )hecklist 3ethod Free &ssociation 3ethod
Gordon Method Scientific 3ethod J-& spirit of entrepreneurs must be: Ethically influenced 3anagerial Holuntary 'one of the given option C-3ost of the innovations are: $terative Synthesis
+rdinary Innovation Technological innovations 0reakthrough innovations <-The ????????????????? refers to the ways managers make decisions4 )d"inistrative do"ain Entrepreneurial domain $ntrapreneurial domain &ll of the given options @-Without ??????????????? * the organi8ation will never be able to make the necessary )hanges4 %ower 3anagement Top Mana(e"ent 3iddle 3anagement 'one of the given options 13The companies use the technology to make itself: 5aster and 5le'i#le Faster and Stiff $nfle.ible and rigid &ll of the given options 9A-The??????????????????? is the term used to describe the complete process of bringing a new product or service to market4 $dea Stage )oncept Stage roduct %evelop"ent Test 3arketing Stage #ef: http:MMen4wikipedia4orgMwikiM'ew?product?development $n business and engineering* new product development K'P,L is the term used to describe the complete process of bringing a new product or service to market4 444
Which of the following areas are preferred by women entrepreneurs? ? )d"inistration K /tilities K 3anufacturing K 'one of the above ,egree of influence and control on other people is called: ? >ocus of control K %ocomotion of control K %ocust of control K %oss of control $ndividuals influencing an entrepreneur"s career choice and style are known as which of the following? ? 9ole "odel
K 3oral-support network K Professional support network K Support system The activity which occurs when the new venture is started is called: K 3otivation K 0usiness skills ? %eparture point K (oal orientation What is the process by which individuals pursue opportunities without regard to resources they currently control? K Startup management ? Entrepreneurship K Financial analysis K Feasibility planning Which one of the following is the process of entrepreneurs developing new products that over time make current products obsolete?
K 'ew business model K &natomi8ation ? Creative destruction K 'one of the given options Which of the following shows the process of creating something new? K 0usiness model K 3odeling ? Innovation K )reative fle.ibility Which of the following factors is the most important in forcing /4S companies to focus on new product development and increased productivity? ? Entrepreneurship K !yper competition K (overnmental laws K rgani8ational culture There is an evidence that an entrepreneur usually has ??????????????? parents4 Self e"ployed ,iscouraged 'on supportive Strict Following are the problems in developing the economies E+)EPT: (ap of knowledge 5ariable rate of return Sa"e co""unication style ,ifferent accounting system Which of the following techni2ues is an e.cellent method for initial screening of ideas and concepts? Focus group
Problem inventory analysis Brain stor"in( #everse brainstorming 0rainstorming The first techni2ue* brainstorming* is probably the most well known and widely used for both creative problem solving and idea generation4 $t is an unstructured process
for generating all possible ideas about a problem within a limited time frame through the spontaneous contribution of participants4 Which one of the following is the ne.t stage to the )oncept Stage of Product Planning and ,evelopment Process? $dea Stage Product Planning Stage roduct %evelop"ent Sta(e Test 3arketing Stage Product planning and development process (enerally divided into five ma6or stages: idea stage* concept stage* product development stage* test marketing stage* test marketing stage* and commerciali8ation stage Which of the following is a more structured method of problem solving* including principles and rules for concept formation* making observations and e.periments* and finally validating the hypothesis? Scientific "ethod !euristics &ttribute listing 5alue analysis Scientific method This is a more structured method of problem solving* including principles and rules for concept formation* making observations and e.periments* and finally validating the hypothesis4
Which of the following is used by entrepreneurs to ac2uire e.perience in an international market before making a ma6or commitment? 3erger 7oint venture Minority interest 3a6ority interest Which of the following plan shows the economically feasibility of business? 0usiness 5inancial Economic 3arketing What are the number of 2uestions a marketing plan usually answers? A B > ; 1TWhat business are you in? 2TWhat are the priorities for the growth of your business? :TWhat are the barriers to growth? =TWhat business marketing strategy* structure and actions will accelerate the growth of your company? ATWhat steps can you take immediately to improve the effectiveness of your business marketing? Which of the following allows the entrepreneur to establish controls on the process during the implementation of the marketing plan? Sales data #esearch data )onsumer data Technical data Which of the following shows the characteristic of the venture that has e.perience in related business?
Stren(th Weakness pportunity Threat &dvertising and promotion for the business-to-business market involve all of the following E+)EPT:
Indirect sales Trade maga8ine advertising ,irect sales Trade shows Which of the following shows the characteristic of the venture that has e.perience in related business? Stren(th Weakness pportunity Threat $n which of the following* banks are usually reluctant to give loan? Sole roprietor Public %imited )ompanies Partnership firm Private %imited )ompanies $n which of the following ma6ority holds the management control? artnership )orporation %imited liability company &ll of the given options Which of the following represents the environment in which entrepreneurship can"t grow? 0oom
Hacuu" 3aturity $ntroductory Phase $ts correct answer is PvacuumP because rest three are not environment rather these are different stages of business4 &s the main feature of entrepreneurship is PindependenceG4 So in vacuum environment an entrepreneur cannot grow4 PWhat the entrepreneur hopes to accomplishP includes in which section of business plan? 5ision statement Mission State"ent (oal Statement &ll of the above The description of the venture should be detailed in this section4 This should begin with the mission statement or company mission* which describes the nature of the business and what the entrepreneur hopes to accomplish4 Which of the following shows the standard acceptable term of a %imited %iability )ompany? Three Ten Twenty Thirty
Page no <> C4 The standard acceptable term of an %%) is >A years4
Which one of the following provides a guideline in determining hiring procedures? 7ob description 7ob specification 0o# analysis 7ob evaluation 0efore writing the organi8ation plan* it is helpful to prepare a 6ob analysis4 The 6ob analysis serves as a guide in determining hiring procedures and 6ob descriptions and specifications4 The S corporation combines the ta. advantages of which one of the following? Proprietorship and limited liability company artnership and corporation )orporation and limited liability company Partnership and proprietorship
Page no <> 94 & popular new entity is the limited liability company K%%)L* which offers similar &dvantages as the S )orporation but with more liberal ta. rules under subchapter =4 This form is a partnership-corporation hybrid with the following characteristics:
Which of the following is the base of 7ob &dvertisement? 7ob ,escription 7ob Specification 7ob identification )ll of the a#ove options Which of the following shows the results from the difference between actual cash receipts and cash payments? #evenue Profit Cash flo$ $ncome statement What is the primary concern of entrepreneurs* who trade e2uity for their growing venture? )ontrol 5aluation
$nvestor capabilities Capitali4ation When the business does not have assets to support a loan* the entrepreneur may go for which one of the following options? Character loan Straight commercial loan $nstallment loan %ong term loan 4)haracter loans4 a4 When the business does not have assets to support a loan* the entrepreneur may need a character loan4 b4 These loans must have assets of an individual pledged as collateral* or have the loan cosigned by another Which of the following number of years a mortgage loan may possibly cover? 9A BA
:0 ;A $n which of the following techni2ues* money is given to a firm for developing a technology and involves a ta. shelter? Small business administration loans )ash flow financing Small business innovation research grant
9esearch and develop"ent li"ited partnership
This method of financing provides funds from inventors looking for ta. shelters4 & typical #E,partnership arrangement is established with a sponsoring company developing the technology with funds being provided by a limited partnership of individual investors4 #esearch and development limited partnerships are particularly good when the pro6ect involves a high degree of risk or significant e.pense4
The overall coordinating party in an agreement is: %imited partner MaBor partner not sure 3inor partner (eneral partner Which of the following includes grants from the /4S4 government to small technology based businesses? Small business administration loans Small business innovation research grant 9esearch and develop"ent li"ited partnership $nstallment loans Page no @< Which of the following is a formali8ed method for obtaining funds from private investors? Private placement rivate offerin( #egulation , 0ootstrap financing
http:MMbooks4google4com4pkMbooks?idTsA9PAagn%P/)EpgTP&>>CElpgTP&>>CEd2TWhichUofU theUfollowingUisUaUformali8edUmethodUforUobtainingUfundsUfromUprivateUinvestorsO>FE sourceTblEotsTr)3),s?>s;EsigTlluT+9!)W6FtS&v?r;ti' CPJl;EhlTenEeiTFrB S;TsFDa>r& e#oti$)wEsaT+EoiTbook?resultEctTresultEresnumT9EvedTA)&D1C&Ew&&IvTonepageE2TE fTfalse
When did the Sindh Small $ndustries )orporation launch its credit scheme? 9:<B-<> 9:<@-<: 11<<3<1 9::B-:>
The SS$) also launched a credit scheme in @@*M@:4 Which of the following is a type of leverage ratio? %e#t ratio 'et profit margin #eturn on investment )urrent ratio The mean age of entrepreneurial enterprises in Pakistan is: 12 years 9J years BA years
BB years &ge Pattern in Pakistan: FThe mean age of entrepreneur was found to be ;B years and of their enterprises 9B years4 $t is comparable to the =orean age pattern K;CLG4 $n most cases* the venture capitalist: Seeks control of the company 'ever e.pects a seat on the board of directors E'pects the "ana(e"ent tea" to run the daily operations Prefers not to interfere in planning and e.pertise areas
)onflicts in 3anagement thoughts and Entrepreneur thoughts are resolved by which of the following company? Cero' pa(e 16 /nilever Walls 5olta The entrepreneur must possess the abilities: )reative )onceptuali8ation /nderstanding environment )ll of the (iven options $n which of the following era entrepreneur enters into a contract with government to perform a service? BAth century Earliest period 3iddle ages 12th century
$n the 9<th century the entrepreneur was a person who entered into a contract with the government toper form a service #ichard )antillon* a noted economist of the 9<AAs* developed theories of the entrepreneur and is regarded as the founder of the term4
Which one of the following is a firm that achieves modest growth? !igh potential growth firm Foundation firm >ife style Public company $n entrepreneurial domain the commitment to opportunity has short time span but in managerial domain it is: For 9 month For C months 5or lon( ti"e span For 9 year 3oral support network includes all of the following E+)EPT: Spouses Friends Business associates sure #elatives page no BC
There is evidence that an entrepreneur usually has ??????????????? parents4 Self e"ployed ,iscouraged 'on supportive
Strict Following are the problems in developing the economies E+)EPT: (ap of knowledge 5ariable rate of return Sa"e co""unication style ,ifferent accounting system Which of the following techni2ues is an e.cellent method for initial screening of ideas and concepts? Focus group ro#le" inventory analysis ?%ou#tful@ pa(e :A 0rain storming #everse brainstorming Which of the following has not yet been empirically established as a distinguishing characteristic of entrepreneurs? K %ocus of control K Feeling about independence
K 1eed *or a&hievement

? 9is* ta*in(
8is' /a'ing Gisk taking seems a !art of the entre!reneurial !rocess1 Fo/e0er5 it has not yet een em!irically
& typical inventor is usually ????????????????????????4
? .i(hly creative / in love $ith the invention K ,oes not encourage change K Willing to modify the invention in order to augment commercial benefit K 'one of the given options The level at which an individual is viewed by society is called: K Financial status K 1ualification ? Social status K &chievement &n individual"s need to be recogni8ed is called: K 'eed for independence K 'eed for affiliation K 'eed of fame ? &eed for achieve"ent Which one of the following is an important source of idea generation due to their familiarity with the needs of market? K E.isting products and services ? %istri#ution channels K Federal government K )onsumers The concept of World Wide Web pages was developed in: K 9:CAs K 9:<As K 9:@As ? 1110s !ow many perspectives should be considered while preparing business plan?
K ne ? Three
K Four K 'ot specific Which one of the following can be registered under design patent? K 'ew product K riginal product K rnamental ? )ll of the (iven options Which of the following is a characteristic of a good partner? ? .elp to achieve (oals K Share entrepreneur"s vision K ,o not e.ploit the partnership K &ll of the given options Which of the following is a method of selling goods to another country by taking care of transactions? K $ndirect e.porting ? %irect e'portin( K $mporting K 3anagement contract Which one of the following is the way by which an entrepreneur can enter into international business? K E.port K 'on e2uity arrangements K ,irect foreign investment ? )ll of the (iven options 3ost of the finance for the new firm comes from following resources ECCE T:
K Friends ? 5orei(n aid K #elatives K Personal savings Which one of the following receives highest investment? K Public company K %ife style ? .i(h potential venture K Foundation firm Which of the following is a second step in the entrepreneurial process? ? %evelopin( successful #usiness ideas K ,eciding to become an entrepreneur K (rowing the entrepreneurial firm K 3oving from an idea to an entrepreneurial firm Which of the following is &+T included in the opportunity evaluation process? K %ength of the opportunity K #eal and perceived value of opportunity ? Goals and o#Bectives of custo"ers K #isks and rewards of opportunity Which one of the following is true regarding female entrepreneurs? K )urrently the number of companies owned by female entrepreneurs e.ceeds those owned by their male counterparts K Women-owned businesses grow thrice that national rate for all private companies K J> percent of all private companies are women-owned businesses ? +ne3third of $o"en3o$ned #usinesses are connected $ith health
care and social services
$n terms of chronological age* most entrepreneurs initiate their entrepreneurial carrier between ages of: K 9J and BB ? 22 and =A K ;J and J< K J< and C> $t has been observed that usually the entire country is organi8ed under single: ? Econo"ic syste" K )ulture K %iving standard K %egal environment Following are the types of non-e2uity arrangements ECCE TF K %icensing K 3anagement contracts K ,irect e.port K Turnkey pro6ects Which of the following abilities must be possessed by an entrepreneur? K )reative K )onceptuali8ation K /nderstanding environment ? )ll of the (iven options &n individual"s desirability to form a new venture depends upon all of the following E.cept: K )ulture K Family K Teachers
? ersonal savin(s The perception that starting a new company is desirable results from an individual"s culture* subculture* family* teachers and peers4 $dentify the type of innovation which refers to new products with significant technological advancement4 K rdinary innovation ? Technolo(ical innovation K 0reakthrough innovation K Technical innovation V 3ost innovations introduced in the market are ordinary innovations* with little uni2ueness4 V Technolo(ical innovations refer to new products with significant technological advancements4 V Brea*throu(h innovations mean the development of new products with some technological change F3anagement of enterpriseG is an important aspect of entrepreneurial process4 Which involves all of the following E+)EPT: ? I"ple"entation of a "ana(e"ent style K ,etermination of key variables for success K $mplementation of control system K )reation of opportunity Which of the following is ' T a goal of an $ntrapreneurial culture? K To take responsibility and ownership K To be rewarded for actions taken K To develop visions* goals* and action plans
? To follo$ (iven instructions The (uidin( principles of intrapreneur 94 ,evelop visions* goals* and action plans B4 0e rewarded for actions taken >4 Suggest* try* and e.periment ;4 )reate and develop J4 Take responsibility and ownership
Which of the following best defines Fminority interestG? ? It refers to havin( less than A0 percent o$nership position K $t refers to forming a third company by combining two companies K $t refers to having more than JA percent ownership position K $t refers to selling goods made in one country to another country Which of the following techni2ues is an e.cellent method for initial screening of ideas and concepts? K Focus group K Problem inventory analysis ? Brain stor"in( K #everse brainstorming Which of the following is an idea generation method that focuses on parameters? K 0rainstorming K #everse brainstorming ? Creative pro#le" solvin( K Synectics Question &oF :1 ? Mar*sF 1 @ 3 lease choose one Which of the following best describes FcontractG? ? It refers to a le(ally #indin( a(ree"ent #et$een t$o parties K $t grants holder protection from others making* using or selling similar idea K $t may be a word* symbol* design or some combination that identifies the source of certain goods K $t refers to a legal document giving official permission to do something There are three perspectives that should be considered when preparing the plan4 Which of the following does ' T refer to the plan? K Entrepreneurial perspective K 3arketing perspective K $nvestor"s perspective ? 9eli(ious perspective
The entrepreneur understands the new venture better than anyone4 The marketing perspective considers the venture through the eyes of the customer4 The investor looks for sound financial pro6ections4 The depth of the business plan depends on the si8e and scope of the proposed venture4 The business plan is valuable to the entrepreneur and investors because: 0usiness plan should be prepared by an entrepreneur4 &ll of the following should be consulted while preparing this plan E+)EPT: K %awyers K &ccountants K 3arketing consultants ? General pu#lic 6.+ S.+,>% 69ITE T.E >)& The business plan should be prepared by the entrepreneurW however* he or she may consult many sources4 %awyers* accountants* marketing consultants* and engineers
are useful supplemental sources4 ther resources are the Small 0usiness &dministration* Service )ore of #etired E.ecutives* Small 0usiness ,evelopment )enters* universities* friends* and relatives4 To help determine whether to hire a consultant* the entrepreneur needs to make an ob6ective assessment of his or her own skills4 ,ata that support the opportunity for the venture should be briefly stated in the e.ecutive summary4 $f this venture is an internet business* all of the following facts should be stated by an entrepreneur E+)EPT: K (rowth in the number of internet users K (rowth in the average amount of time spent on the internet K (rowth in sales dollars generated on the internet ? (rowth rate of population Which one of the following can serve entrepreneur as a consultant of the business plan? K %awyers K &ccountants K 3arketers ? )ll of the (iven options
& typical inventor is usually ????????????????????????4 ? .i(hly creative / in love $ith the invention K ,oes not encourage change K Willing to modify the invention in order to augment commercial benefit K 'one of the given options Inventor &n individual who creates something new 0eing one"s own boss is a need of: ? Independence K &chievement K &ffiliation K &uthority &eed for independence4 0eing one"s own boss-one of the strongest needs of an entrepreneur The difference between the value of a country"s imports and e.ports over time is called: K ,eficit e.ports K ,eficit imports ? Balance of pay"ent K 0alance of debt
#ef: http:MMen4mimi4huMbusinessMe.ports4html The difference between the value of a countrySs imports and e'ports during a specific period of times called the balance of trade4
&Man ?????? is an online connection between the company and its customers4 K $nternet advertising ? 6e#site K E-)ommerce
K World Wide Web 6e#site & website is an online connection between the company and its customers and can be developed in-house or outsourced4 There are several important features of every website4 Which of the following grants protection to owner from anyone else making* using
and selling the identified innovation? ? ,tility patent K ,esign patent K Plant patent K $nternational patent
1- ,tility atents & utility patent has a term of 9< years* beginning on the date the Patent and Trademark ffice KPT L issues it4 '&FT& K'orth &merican Free Trade &greementL establishes a minimum period of BA years4 The patent grants the owner protection from anyone making* using* andMor selling the invention4
&ll of the following are essentials to maintain secrecy* E+)EPT: K Train employees to refer sensitive 2uestions to one person ? %iscuss #usiness in pu#lic places K Provide escorts for all office visitors K /se simple security such as locked file cabinets To maintain secrecy 94 Train employees to refer sensitive 2uestions to one person4 B4 Provide escorts for all office visitors4 >4 &void discussing business in public places4 ;4 /se simple security such as locked file cabinets and shredders4 Who should prepare the business plan? K Entrepreneurs K )onsultants K Engineers
K Small business administration services & #usiness plan is a written document prepared by the entrepreneur that describes all the relevant e.ternal and internal elements involved in starting a new venture4 Which of the following body issues patents? K (&TT K '&FT& K FT& ? T+ Patents are issued by the Patent and Trademark ffice KPT 4L The product life cycle starts with which stage of product planning and development process? K Test marketing stage K roduct develop"ent sta(e K )ommerciali8ation stage K Product planning and development process is a part of product life cycle roduct plannin( and develop"ent process (enerally divided into five ma6or stages: idea stage* concept stage* product develop"ent sta(eD test "ar*etin( sta(eD test "ar*etin( sta(eD and co""erciali4ation sta(e ,eveloping a new idea through in2uiry and testing is called: ? .euristics K Forced relationship K Scientific method K 5alue analysis .euristics $t is method of developing a new idea through a thought process progression4 Which one of the following gives suggestions for new product and also help to market new products?
K E.isting products and services ? %istri#ution channels K Federal government K )onsumers %istri#ution Channels 0ecause they are familiar with the needs of the market* channel members often have suggestions for new products4 These channel members can also help in marketing the new product4 Trade barriers cause: ? Increase in cost K ,ecrease in cost K $ncrease in profit K 'one of the given options Trade #arriers pose problems for entrepreneurs who want to become involved in international business4 Trade barriers increase the costs of e.porting pro6ects to a country4 & person who managed large pro6ect was termed as the entrepreneur in the ?????????4 K Earliest period ? Middle a(es K 9<th century K 9:th and BAth century Middle )(es $n this age the term entrepreneur was used to describe both an actor and a person who managed large production pro6ects4 Which of the following is &+T a potential cost of becoming an entrepreneur? K Financial reward K %ong hours ? 5inancial insecurity K %oneliness
Factors contribute to the creation of new venture ECCE TF K (overnment K Finance K !igh interest rates ? 9ole "odels 3ost of the finance for the new firm comes from following resources ECCE T: K Friends ? 5orei(n aid K #elatives K Personal savings What is the process by which individuals pursue opportunities without regard to resources they currently control? K Startup management ? Entrepreneurship K Financial analysis K Feasibility planning )onceptuali8ed entrepreneurship as a process by which individuals - either on their own or inside organi8ations - pursue opportunities without regard to the resources which they currently control4 Which of the following is &+T included in the opportunity evaluation process? K %ength of the opportunity
K #eal and perceived value of opportunity ? Goals and o#Bectives of custo"ers K #isks and rewards of opportunity a- The evaluation process involves loo*in( at b4 The creation and length of the opportunity
c4 $ts real and perceived value d4 $ts risks and return4 e4 $t"s fit with the skills and goals of the entrepreneur f4 $ts differential advantage in its competitive environment The difference of the entrepreneurial and managerial domains has contributed towards an increase interest in which of the following? ? 5or"in( ne$ fir"s K Partnership K $ntrapreneurship K Private firms Which is the most common cause of business failure? K $nsufficient capital K /nstable market K $nsufficient e.perience ? oor entrepreneurship $n which one of the following countries the entrepreneurial success has been significant because of the culture* the political and economic systems? K European countries ? )sian countries K Far East countries K 3iddle East countries Page >< Entrepreneurial success in some &sian countries has been significant because of the culture and the political and economic systems4 3oral support network includes all of the following ECCE T: K Spouses K Friends ? Business associates K #elatives
Moral support net$or* of family and friends4 3ost entrepreneurs indicate that their spouses are their biggest supporters4 Friends can provide advice that is more honest than that received from others* plus encouragement* understanding* and assistance4 #elatives can also be sources of moral support* particularly if they are also entrepreneurs4
Professional support network includes all of the following ECCE T: K Personal affiliations K 3entor K Trade associations ? 5riends Page BC read rofessional3Support &et$or* The former /SS# received technology and syrup from Pepsi and provided it with Soviet vodka and rights to distribute it in the /S4 This is an e.ample of: K Economic development K 0arter system K 0alance of payment K $nternational trade Type of Syste" Barter or third3party arran(e"ents have been used to increase
business activity with the )ommonwealth of $ndependent States* the former /4S4S4#4 ?????????? is prepared on the bases of levels of the internal structure of the business4 ? +r(ani4ational lan K Production Plan K 3arketing Plan K Financial Plan The organi8ational plan section should describe the venture"s form of ownership4 $f the venture is a corporation* this should include the number of shares authori8ed* share options* and names and addresses of the directors and officers4 $t is helpful to provide an organi8ation chart indicating the line of authority4 This chart shows the investor who controls the organi8ation and how members interact4
Which of the following abilities must be possessed by an entrepreneur? K )reative K )onceptuali8ation K /nderstanding environment ? )ll of the (iven options Which of the following is ' T a guiding principle in a traditional corporate culture? K Follow given instructions ? Ta*e responsi#ility and o$nership K ,o not take initiative K ,o not make mistakes
The (uidin( principles in a traditional corporate culture areF 94 Follow instructions given B4 ,o not make mistakes >4 ,o not fail ;4 ,o not take initiative J4 Stay within your turf and protect your backside C4 This restrictive environment is not conducive to creativity* fle.ibility* and risk taking
$n order to minimi8e the negative effect of any disruption in an organi8ation* which of the following characteristics an intrapreneur must possess? ? .e should #e diplo"atic K !e should be conservative K !e should be autocratic K !e should be authoritative P&(E BA The intrapreneur must be a good diplomat to minimi8e disruption4 &ccording to research* when do the female entrepreneurs tend to start their first significant venture? ? In their "id 20s K $n their mid >As K $n their mid ;As K $n their mid JAs Which of the following best defines Fhori8ontal mergerG? ? It refers to co"#inin( at least t$o fir"s doin( si"ilar #usinesses at the sa"e "ar*et level K $t refers to forming a third company by combining two companies
K $t refers to having more than JA percent ownership position K $t refers to combining at least two firms at different market levels .ori4ontal "er(er )ombination of at least two firms doing similar businesses at the same market level Which of the following is an e.ample of rising number of women entrepreneurs in )hina?
K (uau (uarymei K Wataru hashi K =a8uhiko 'ishi ? >i Ma3Shin( $dentify the statement which best defines Fchecklist methodG ? It refers to developin( a ne$ idea throu(h a list of related issues K $t refers to a group method for obtaining new ideas focusing on the negative K $t refers to a method for individuals to solve problems through one of four mechanisms K $t refers to a method for developing new ideas when the individuals are unaware of the problem Which of the following best describes FcontractG? ? It refers to a le(ally #indin( a(ree"ent #et$een t$o parties K $t grants holder protection from others making* using or selling similar idea K $t may be a word* symbol* design or some combination that identifies the source of certain goods K $t refers to a legal document giving official permission to do something
Chec*list "ethod ,eveloping a new idea through a list of related issues is checklist method of problem solving4
Contract is an agreement between two or more parties* that if it contains the elements of a valid legal agreement is enforceable by lawX9Y or by binding arbitration4 That is to say* a contract is an e.change of promises with a specific remedy for breach4
Which of the following is the title or cover page that provides a brief summary of the business plan"s content? ? Introductory pa(e K E.ecutive summary
K Environmental and industry analysis K ,escription of venture P&(E J< The title page provides a brief summary of the business plan"s contents*
1 The term entre!reneur came from: a) 'atin
5 6rench
c) 9nglish (DL) d) none of the gi0en o!tion 8 The term entre!reneur is translated as: a) et/een@gi0er
5 et-een#ta'er
c) recei0er d) gi0er $ The !eriod in /hich the money !erson entered into a contract /ith the go@ et/een to sell his goods is kno/n as : a) middle aes ) 1,th century c) 1%th century
d5 earliest period
+ @@@@@@@@@@0ie/ed the entre!reneur as a risk taker /ho M uy(s) at an uncertain !rice5 therefore o!erating at a riskN a) 9li Bhitney ) 9d/ard hariman
c5 8ichard cantillon
d) Thomas 9dison 5 a @@@@@@@@@ is a !rofessional money manager /ho makes risk in0estment from a !ool of e>uity ca!ital to o tain a high rate of return on in0estments
a 5 venture capitalist
) entre!reneur c) usinessman d) uyer 7@ "n the @@@@@@@@@@ century5 the notion of an entre!reneur as an inno0ator /as esta lished1 a) 1%th century ) late 1&th century
c5 middle of the $"th century

d5 1,th century %@"n almost all definitions of entre!reneurshi! there is agreement that /e are talking a out a kind of eha0ior that includes:
a) initiati0e taking the organi4ing and reorgani4ing or social6economic mechanisms to turn resources and situations to !ractical account1 c) the acce!tance of risk or failure d) all of the gi0en o!tion 1 There is not a concise5 uni0ersally acce!ted definition of entre!reneurshi!1
A5/rue
2)=alse 8 *ountries /ith cultures in /hich failure is 0ie/ed as a disgrace ha0e a lo/ rate of usiness formation1
A5/rue
2)=alse $ 9ntre!reneurs are generally less educated than the general !o!ulation1 A)True
,56alse
+ 9ntre!reneurs ha0e /ell@esta lished internal ethics systems making them es!ecially strong /hen encountering ethical dilemmas1 A)True
,56alse
5 The gro/th of entre!reneurshi! can e easily !romoted y =ederal and State ?o0ernments1
A5/rue
2)=alse 7 Bhich of the follo/ing statements is (are) trueC A)"ndi0iduals /ho study entre!reneurshi! are three to four times less likely to start a usiness than students in other fields1 2)"t is im!ossi le for entre!reneurs to also e !hilanthro!ists1 *)9ntre!reneurs are a relati0ely ne/ !henomenon5 emerging in the 1%th century1
D5*one of the a ove

% 9ntre!reneurs take financial5 .........5 and ............ risks1
A5psychological@ social
2)!sychological5 en0ironmental *)social5 en0ironmental -)none of the a o0e , ................... is not a kno/n !ocket of entre!reneurial su culture1
A5*e- Orleans
2)Goute 18, (2oston) *)Silicon Ealley -)Aorth *arolina Triangle
& The Ohigh@!otential 0entureO: A)has the same gro/th !otential as a life@style firm1 2)starts out like a life@style firm1 *)dra/s the interest of !ri0ate in0estors only1
D5none of the a ove

10 Bhich of the follo/ing skills is needed y an entre!reneurC A)technical skills 2) usiness management skills
*)!ersonal entre!reneurial skills
D5all of the a ove : 1!: /he entrepreneur -as distinguished from capital provider in:
A1 Middle ages
,. !.th century
*1 1%th century -1 1&th and 80th century
: 1$: AAAAAAAAAAA %rocess of creating incremental -ealth is called )ntrepreneurship. A. Dynamic
21 Static *1 *ontinues -1 Systematic
: 14: Most important factor in forming a ne- usiness is: A. 6inance

21 Marketing *1 ?o0t Su!!ort -1 =amily Su!!ort
: 1=: Bhich one of the follo-ing is the process of entrepreneurs developing neproducts that over time ma'e current products o soleteC
A1 *reati0e destruction 21 Ae/ usiness model *1 Anatomi4ation
D. *one of the given options : 12: /he intersection of 'no-ledge and a recognized social need to start a product development process is called:
A1 "terati0e synthesis
,. %roduct#evolution process
*1 3rdinary inno0ation -1 Situation analysis
: 1;: Bhich one of the follo-ing is the primary cause of failure in small usinessesC
A1 (oor financial control 21 (oor location
(. Management mista'es http://vugoogle.com175 -1 "m!ro!er in0entory control : 1D: Bhich one of the follo-ing is the first step in the entrepreneurial processC A. Developing successful usiness ideas
21 -eciding to ecome an entre!reneur *1 ?ro/ing the entre!reneurial firm -1 Mo0ing from an idea to an entre!reneurial firm
: 1.: Bhich of the follo-ing is *O/ included in the opportunity evaluation processC
A1 'ength of the o!!ortunity 21 Geal and !ercei0ed 0alue of o!!ortunity
*1 9oals and o Eectives of customers
-1 Gisks and re/ards of o!!ortunity
: 1>: /he resistance of employees in an organization against flexi ility@ gro-th@ and http://vugoogle.com176 diversification can e overcome y developing: A. )ntrepreneurship
21 "ntra!reneurshi! *1 Managerial domain -1 Administrati0e domain
: 1!": /he entrepreneur<sAAAAAAAAAAAAAAA depends on his perception of the opportunity. A. (ommitment to opportunity
21 *ommitment of resources *1 *ontrol of resources -1 Strategic orientation
: 1!!: Bhich of the follo-ing statements a out the entrepreneurial climate is 3are5 trueC
A1 Trial and error are discouraged
,. 8esources of the firm need to e availa le and easily accessi le
*1 A multidisci!linary a!!roach is discouraged -1 =ailures are not allo/ed
: 1!$: Bhich of the follo-ing ma'es the formation of ne- venture difficult -ithin a corporate cultureC
A1 'ack of intra!reneurial talent
,. 7ac' of freedom to ma'e autonomous decisions

*1 'ack of market o!!ortunity -1 All of the gi0en o!tions
: 1!4: Bhich of the follo-ing factors has allo-ed small companies to act li'e they are ig onesC
A1 *om!etition
21 9conomic de0elo!ment
(. /echnology
-1 *ustomers
: 1!=: Bhich of the follo-ing is alternatively called corporate venturingC

A1 9ntre!reneurshi!
,. +ntrapreneurship
*1 Act of stating a ne/ 0enture -1 3ffering ne/ !roducts y an e#isting com!any
: 1!2: ,eing one<s o-n oss is a need of: A. +ndependence

21 Achie0ement *1 Affiliation -1 Authority
: 1!;: An individual<s need to e recognized is called: http://vugoogle.com179

A1 Aeed for inde!endence 21 Aeed for affiliation
*1 Aeed of fame
D. *eed for achievement : 1!D: Bhich one of the follo-ing factors does not affect a person for eing an
entre!reneurC A1 =amily ackground 21 9ducation *1 (ersonal Ealues
D. 9ender : 1!.: 6emale entrepreneurs differ from male entrepreneurs in terms of all of the follo-ing )F()%/:
A1 Moti0ation 21 2usiness skills
*1 -e!arture !oint
D. 9oal orientation : 1!>: Bhich of the follo-ing areas are preferred y -omen entrepreneursC A. Administration
21 Dtilities *1 Manufacturing -1 Aone of the a o0e
: 1$": Bhich one of the follo-ing is *O/ /8U) a out male entrepreneursC
A1 Males often ha0e in0estors5 ank loans5 or !ersonal loans in addition to !ersonal funds 21 Males often ha0e more e#!erience in manufacturing5 finance5 or technical areas *1 Men are often more confident and less fle#i le and tolerant
D. Men usually list outside advisors as the least important supporters

1@?o0ernment can hel! in forming ne/ 0enture y !ro0iding: Select correct o!tion:
=inance Technology
+nfrastructure
Su sidiaries 8@The assessment of the needed resources y the entre!reneur starts /ith: Select correct o!tion:
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 sur0ey of anks and other finan $@An actor and a !erson /ho managed large !ro;ect /ere termed as the entre!reneur in the .........1 Select correct o!tion: 9arliest !eriod
Middle ages
1%th century 1&th and 80th century +@An actor and a !erson /ho managed large !ro;ect /ere termed as the entre!reneur in the .........1 Select correct o!tion:
9arliest !eriod
Middle ages
1%th century 1&th and 80th century 5@The chief moti0ational factor for ................. entre!reneurs to lea0e ;o s is the frustration of not eing
allo/ed to !erform at the le0el of /hich they are ca!a le1 Select correct o!tion: Male
6emale
Houng All of the gi0en o!tions 7@The former DSSG recei0ed technology and syru! from (e!si and !ro0ided it /ith So0iet 0odka and rights to distri ute it in theDS1 This is an e#am!le of: Select correct o!tion: 9conomic de0elo!ment 2arter system 2alance of !ayment
+nternational trade
%@A ty!ical in0entor is usually ........................1 Select correct o!tion:
&ighly creative 0 in love -ith the invention
-oes not encourage change Billing to modify the in0ention in order to augment commercial enefit Aone of the gi0en o!tions ,@An indi0idual)s need to e recogni4ed is called: Select correct o!tion: Aeed for inde!endence Aeed for affiliation Aeed of fame
*eed for achievement

&@The acti0ities /hich occur /hen the ne/ 0enture is started are called: Select correct o!tion: Moti0ation ?oal orientation
Departure point
2usiness skills 10@The intersection of kno/ledge and a recogni4ed social need to start a !roduct de0elo!ment !rocess is called:
Select correct o!tion:
+terative synthesis
(roduct@e0olution !rocess 3rdinary inno0ation Situation analysis 11@Bhich of the follo/ing firm achie0es modest gro/th: Select correct o!tion:
&igh potential gro-th firm

=oundation firm 'ife style (u lic com!any :oin this ?rou!Main Study (ortal @Bhich of the follo/ing factors has allo/ed small com!anies to act like they are ig onesC Select correct o!tion: *om!etition 9conomic de0elo!ment
/echnology
*ustomers http://vugoogle.com 8@The entre!reneur /as distinguished from ca!ital !ro0ider in: Select correct o!tion:
!.th century
1%th century 1&th and 80th century
Middle ages $@?a4elles are the firms /ith: Select correct o!tion:
&igh gro-th rate

Moderate gro/th rate IeroJ gro/th rate 'o/ gro/th rate +@=emale entre!reneurs differ from male entre!reneurs in terms of all of the follo/ing 9<*9(T: Select correct o!tion: Moti0ation 2usiness skills -e!arture !oint
9oal orientation
5@=oundation com!anies are formed from: Select correct o!tion: =ashion Most !o!ular usiness A /inding u! com!any
8esearch and development

7@=ollo/ing are the ty!es of non e>uity arrangements 9<*9(T: Select correct o!tion: 'icensing Management contracts
Direct export
Turnkey !ro;ects %@Bhich of the follo/ing areas are !referred y /omen entre!reneursC Select correct o!tion:
Administration
Dtilities Manufacturing Aone of the a o0e
http://vugoogle.com ,@........... is re>uired if a com!any /ants to e more fle#i le in ado!ting changes1 Select correct o!tion
Management commitment
*ontact /ith customers Technology More !roducti0ity &@Bhich one of the follo/ing is the fourth ste! in the entre!reneurial !rocessC -e0elo!ing successful usiness ideas -eciding to ecome an entre!reneur
9ro-ing the entrepreneurial firm

Mo0ing from an idea to an entre!reneurial firm
The 9ntre!reneurial (rocess
)he !ntre"reneurial (ro&ess #onsists o* 9our $te"s $te" 15 2e&ision to be&ome an entre"reneur $te" 25 2evelo"in su&&ess*ul business ideas $te" 35 Movin from an idea to an entrepreneurial *irm $te" 45 Mana in and rowin an entre"reneurial *irm
10@Bhen the multi!licity of en0ironments ecome too com!le# to handle5 the international entre!reneurs often ..........1
9o for mergers 3dou ted5
-i0ersify
-ecentrali4e o!erations Sale out the foreign usiness 11@The acti0ity /hich occurs /hen the ne/ 0enture is started are called: Select correct o!tion: Moti0ation 2usiness skills
Departure point
?oal orientation 18@"ndi0iduals influencing an entre!reneur)s career choice and style are kno/n as:
8ole model
Moral@su!!ort net/ork (rofessional su!!ort net/ork Su!!ort system 1$@(rofessional su!!ort net/ork includes follo/ing 9<*9(T: (ersonal affiliations Mentor Trade associations
6riends
http://vugoogle.com 1+@All of the follo/ing are the road categories of 9#ternal forces 9<*9(T: Select correct o!tion: 9conomic forces
Socioeconomic forces
Technological forces *om!etiti0e forces http://vugoogle.com 15@An entre!reneur into the hosiery usiness found out the reason his hosiery /as not selling /as due to its color1 Bhat could e the est source of this informationC Select correct o!tion: Su!!lier Getailer *om!etition ?o0ernment ureau
)*/8)%8)*)U8S&+% 3M9/ ;"$5 http://vugoogle.com190 6rom chapter *o !4 to $$ Assignment *o. $ 3:uiz5 :uestions: http://vugoogle.com191
11 A set of reasons for engaging in a !articular eha0ior5 es!ecially human eha0ior is kno/n as .............1 a1 Ealues 1 Eision c1 9ntre!reneurshi!
d. Motivation
81 Bhich of the follo/ing techni>ues is an e#cellent method for initially screening ideas and conce!ts in addition to generating ne/ ideasC
a. 6ocus group
1 2rain storming c1 (ro lem in0entory analysis d1 Ge0erse rainstorming $1 The creati0e !rocess for !ro lem sol0ing that in0ol0es making the strange familiar in first ste! and then making the familiar strange through !ersonal5 direct or sym olic analogy is called .........1
a. Synectics
1 ?ordon method
c1 *hecklist method d1 Scientific method +1 Bhen the multi!licity of en0ironments ecome too com!le# to handle5 the international entre!reneurs often ..........1 a1 ?o for mergers 1 -i0ersify
c. Decentralize operations
d1 Sale out the foreign usiness
51 An entre!reneur into the hosiery usiness found out the reason his hosiery /as not
selling /as due to its color1 Bhat could e the est source of this informationC a1 Su!!lier
. 8etailer
c1 *om!etition d1 ?o0ernment ureau 71 "n some countries5 !oint of !urchase dis!lays are not allo/ed in retail stores1 Such differences are studied y international entre!reneurs under .......... en0ironment1 a1 9conomic 1 (olitical
c. (ultural
d1 Technological %1 9ntre!reneurial success has een significant ecause of the culture and the !olitical and economic systems in .........1 a1 9uro!ean countries
. Asian countries
c1 Transition economies d1 Middle east ,1 Fa0ing more than 50J o/nershi! !osition that !ro0ides the entre!reneur /ith managerial control is called ...........1 a1 :oint 0enture
. MaEority interest
c1 Fori4ontal merger d1 -i0ersified acti0ity merger &1 The under@de0elo!ed or lesser de0elo!ed countries need manufacturing technology and infrastructure and yet do not /ant to turn o0er su stantial !ortion of their economy to foreign o/nershi!1 Bhich of the follo/ing is a solution to this dilemmaC a1 Management contract 1 "ndirect e#!orting c1 'icensing
d. /urn#'ey proEect
101 The de0elo!ment of a ne/ 0enture ased on an in0entor)s /ork often re>uires ........1
a. )xpertise of an entrepreneur
1 Fea0y in0estment from financers c1 Skilled human resources d1 Fighly educated staff for more contents visit htt!:660ugoogle1com
Qui4 5
9ntre!reneurshi! (M?T708)
11 3ne effecti0e /ay to egin the mar'eting plan is
a. /o ma'e a list of the information that -ill e needed to prepare the mar'eting plan.
.?athering -ata from Secondary Sources c1 ?athering "nformation from (rimary Sources1 d1 Aone of the o!tions gi0en 81 A focus grou! a1 "s a sam!le of 10 or 18 !otential in0estors /ho !artici!ate in a discussionC 1"s a sam!le of 10 or 18 !otential em!loyees /ho !artici!ate in a discussionC
c. +s a sample of !" or !$ potential customers -ho participate in a discussionC
d1 Aone of the o!tions gi0en $1 The situation analysis is a1 -efining Target Market63!!ortunities and Threats1 1 *onsidering Strengths and Beaknesses
c. A revie- of -here the com pany has een and considers envi ronmental factors.
d1 Aone of the o!tions gi0en +1 3ne of the difficult decisions a1 "s a out the distri ution of the !roduct
.+s determining the appropriate price for the product. http://vugoogle.com199

c1 "s a out the !romotion of the !roduct d1 Aone of the o!tions gi0en 51 Bhich of the follo/ing statement is true for marketing systemC a1 "t is all a out the internal en0oi mental factors
1 +t identifies the maEor interacting components@ oth internal and external

c. "t)s a out the financial needs of the 0enture d1 Aone of the o!tions gi0en 71 "n setting marketing goals and o ;ecti0es the entre!reneur must a1 Set the !rice 1 -istri ution !lace c1 Must satisfy customers
d1 *one of the a ove

%1 The financial !lan !ro0ides a com!lete !icture of
a1 Fo/ much and /hen the funds are coming into the organi4ation1 1 Bhere the funds are going1 c1 Fo/ much cash is a0aila leC
d. Al of the options given

,1 2efore de0elo!ing the !ro forma income statement5 the entre!reneur should a1 (re!are o!erating udgets 1 *a!ital udgets1 c1 Aone of the o!tions gi0en
d. ,oth of the options given 3a@ 5

&1 Bhich of the follo/ing statement is trueC a1 *ash flo/ is same as !rofit1
. %rofit is the result of su tracting expenses from sales.
c1 *ash flo/ results from the difference et/een all cash a0aila le and cash !ay ments1 d1 *ash flo/s only /hen actual !ayments are not made ut only recei0ed1 101 Bhich of the statement is not trueC a1 The S *or!oration com ines the ta# ad0antages of the !artnershi! and the cor!oration1 1S *or!orations re!resent almost half of all cor!orate fil ings1 c1 A !o!ular ne/ entity is the limited lia ility com!any (''*)
d1 7imited lia ility (ompany 377(5 offers similar disadvantages as the S
(orpora tion 8:en0ironment1

a1 9conomic 1 (olitical
c. (ultural
d1 Technological %1 9ntre!reneurial success has een significant ecause of the culture and the !olitical and economic systems in .........1 a1 9uro!ean countries
. Asian countries
c1 Transition economies d1 Middle east ,1 Fa0ing more than 50J o/nershi! !osition that !ro0ides the entre!reneur /ith managerial control is called ...........1 a1 :oint 0enture
. MaEority interest
c1 Fori4ontal merger d1 -i0ersified acti0ity merger
&1 The under@de0elo!ed or lesser de0elo!ed countries need manufacturing technology and infrastructure and yet do not /ant to turn o0er su stantial !ortion of their economy to foreign o/nershi!1 Bhich of the follo/ing is a solution to this dilemmaC a1 Management contract 1 "ndirect e#!orting c1 'icensing
d. /urn#'ey proEect
101 The de0elo!ment of a ne/ 0enture ased on an in0entor)s /ork often re>uires ........1
a. )xpertise of an entrepreneur
1 Fea0y in0estment from financers c1 Skilled human resources d1 Fighly educated staff
for more contents visit htt!:660ugoogle1com
Qui4 5
9ntre!reneurshi! (M?T708) 11 3ne effecti0e /ay to egin the mar'eting plan is
a. /o ma'e a list of the information that -ill e needed to prepare the mar'eting plan.
.?athering -ata from Secondary Sources c1 ?athering "nformation from (rimary Sources1 d1 Aone of the o!tions gi0en 81 A focus grou! a1 "s a sam!le of 10 or 18 !otential in0estors /ho !artici!ate in a discussionC 1"s a sam!le of 10 or 18 !otential em!loyees /ho !artici!ate in a discussionC
c. +s a sample of !" or !$ potential customers -ho participate in a discussionC

d1 Aone of the o!tions gi0en $1 The situation analysis is a1 -efining Target Market63!!ortunities and Threats1 1 *onsidering Strengths and Beaknesses
c. A revie- of -here the com pany has een and considers envi ronmental factors.
d1 Aone of the o!tions gi0en +1 3ne of the difficult decisions a1 "s a out the distri ution of the !roduct
.+s determining the appropriate price for the product.

c1 "s a out the !romotion of the !roduct d1 Aone of the o!tions gi0en 51 Bhich of the follo/ing statement is true for marketing systemC a1 "t is all a out the internal en0oi mental factors
1 +t identifies the maEor interacting components@ oth internal and external

c. "t)s a out the financial needs of the 0enture d1 Aone of the o!tions gi0en 71 "n setting marketing goals and o ;ecti0es the entre!reneur must
a1 Set the !rice 1 -istri ution !lace c1 Must satisfy customers
d1 *one of the a ove

%1 The financial !lan !ro0ides a com!lete !icture of a1 Fo/ much and /hen the funds are coming into the organi4ation1 1 Bhere the funds are going1 c1 Fo/ much cash is a0aila leC
d. Al of the options given

,1 2efore de0elo!ing the !ro forma income statement5 the entre!reneur should a1 (re!are o!erating udgets 1 *a!ital udgets1 c1 Aone of the o!tions gi0en
d. ,oth of the options given 3a@ 5
&1 Bhich of the follo/ing statement is trueC a1 *ash flo/ is same as !rofit1
. %rofit is the result of su tracting expenses from sales.

c1 *ash flo/ results from the difference et/een all cash a0aila le and cash !ay ments1 d1 *ash flo/s only /hen actual !ayments are not made ut only recei0ed1 101 Bhich of the statement is not trueC a1 The S *or!oration com ines the ta# ad0antages of the !artnershi! and the cor!oration1 1S *or!orations re!resent almost half of all cor!orate fil ings1 c1 A !o!ular ne/ entity is the limited lia ility com!any (''*) d1 7imited lia ility (ompany 377(5 offers similar disadvantages as the S (orpora tion
http://vugoogle.com209 http://vugoogle.com210

MGT 602

Hochgeladen von

Dokumentinformationen

Originaltitel

Copyright

Verfügbare Formate

Dieses Dokument teilen

Dokument teilen oder einbetten

Freigabeoptionen

Stufen Sie dieses Dokument als nützlich ein?

Sind diese Inhalte unangemessen?

Copyright:

Verfügbare Formate

MGT 602

Hochgeladen von

Copyright:

Verfügbare Formate

More Than 1000 Solved MCQs of MGT602 Entrepreneurship By

%ow level 3anagers

1uestion I 9 of 9J K Start time: 9B:;::>: &3 L Total 3arks: 9

&n individual"s need to be recogni8ed is called: Select correct option:

#@ Inventor cL 0oth a and b dL 'one of the given options

roduct %evelop"ent Sta(e Test 3arketing Stage #ef:

Select correct option:

Entrepreneurship?MGT 602@ Qui4 0:

Entrepreneurship?MGT 602@ Qui4 0=

+1 )ll of the a#ove 51 71

Select correct option:

Page no <> C4 The standard acceptable term of an %%) is >A years4

K 1eed *or a&hievement

care and social services

c5 middle of the $"th century

D5*one of the a ove

D5none of the a ove

*)!ersonal entre!reneurial skills

: 14: Most important factor in forming a ne- usiness is: A. 6inance

*1 9oals and o Eectives of customers

-1 Gisks and re/ards of o!!ortunity

,. 7ac' of freedom to ma'e autonomous decisions

: 1!=: Bhich of the follo-ing is alternatively called corporate venturingC

: 1!2: ,eing one<s o-n oss is a need of: A. +ndependence

: 1!;: An individual<s need to e recognized is called: http://vugoogle.com179

D. Men usually list outside advisors as the least important supporters

An appraisal of the entrepreneur<s present resources

*eed for achievement

&igh potential gro-th firm

&igh gro-th rate

8esearch and development

9ro-ing the entrepreneurial firm

The 9ntre!reneurial (rocess

11 3ne effecti0e /ay to egin the mar'eting plan is

.+s determining the appropriate price for the product. http://vugoogle.com199

1 +t identifies the maEor interacting components@ oth internal and external

d1 *one of the a ove

d. Al of the options given

d. ,oth of the options given 3a@ 5

d1 7imited lia ility (ompany 377(5 offers similar disadvantages as the S

(orpora tion 8:en0ironment1

c. +s a sample of !" or !$ potential customers -ho participate in a discussionC

.+s determining the appropriate price for the product.

1 +t identifies the maEor interacting components@ oth internal and external

d1 *one of the a ove

d. Al of the options given

. %rofit is the result of su tracting expenses from sales.

Das könnte Ihnen auch gefallen