MGT602 Quiz

 Shared by:- Raisa Saleem 

All of the following are the broad categories of External forces EXCEPT:

Select correct option:

Economic forces

Socioeconomic forces

Technological forces

Competitive forces

Degree of influence and control on other people is called:

Select correct option:

Locus of control

Locomotion of control

Locust of control

Loss of control

External forces directly affect all of the following EXCEPT:

Select correct option:

Market segmentation strategies

Types of products/services offered

Management structure of organization

Choice of businesses to acquire or sell

A typical inventor is usually ______________________.

Select correct option:

Highly creative & in love with the invention

Does not encourage change

Willing to modify the invention in order to augment commercial benefit

None of the given options

is evidence that an entrepreneur usually has _____________ parents.

Select correct option:

Self employed

Discouraged

Non supportive

Strict



Moral support network includes following EXCEPT:

Select correct option:

Spouses

Friends

Business associates

Relatives

entrepreneur doing business within the national border is called:

Select correct option:

International entrepreneurship

Intrapreneurship

Domestic entrepreneurship

Imports



entrepreneur’s_____________ depends on his perception of the opportunity.

Select correct option:

Commitment to opportunity

Commitment of resources

Control of resources

Strategic orientation

An individual’s need to be recognized is called:

Select correct option:

Need for independence

Need for affiliation

Need of fame

Need for achievement

Andrew Carnegie is an example of entrepreneur of which century:

Select correct option:

Earliest period

19th and 20th century

Middle ages

17th century

Which one of the following is the fourth step in the entrepreneurial process?

Select correct option:

Developing successful business ideas

Deciding to become an entrepreneur

Growing the entrepreneurial firm

Moving from an idea to an entrepreneurial firm

According to McClelland’s need theory, entrepreneurs possess which of the following needs?

Select correct option:

Need for achievement

Need for power

Need for affiliation

Need for esteem



The chief motivational factor for _______________ entrepreneurs to leave jobs is the frustration of not being allowed to perform at the level of which they are capable.

Select correct option:

Male

Female

Young

All of the given options



Which one of the following makes formation of new ventures within a corporate structure difficult?

Select correct option:

Lack of intrapreneurial talent

Lack of freedom to make autonomous decisions

Lack of market opportunity

Lack of knowledge



Selling goods to another country through a person in the entrepreneur’s home country is known as:

Select correct option:

Trading

Direct export

Indirect export

Domestic sales

Shared by :- Shawwal Sameet

Selling goods to another country through a system in the entrepreneur’s home country

Which one of the following best represents the environment of an entrepreneurial oriented organization?

Select correct option:

Corporate culture

Entrepreneurial culture

Intrapreneurial culture

Traditional culture

Which one of the following is a barriers to new product creation and development?

Select correct option:

Trial and error

Opportunity parameter

Opportunity cost

Intrapreneurship culture

External forces directly affect all of the following EXCEPT:

Select correct option:

Market segmentation strategies

Types of products/services offered

Management structure of organization

Choice of businesses to acquire or sell

The decision to start a new business is taken when one perceives that forming a new business is:

Select correct option:

Possible

Desirable

Accurate

Both a and b

The chief motivational factor for _______________ entrepreneurs to leave jobs is the frustration of not being allowed to perform at the level of which they are capable.

Select correct option:

Male

Female

Young

Which one of the following is the first step in the entrepreneurial process?

Select correct option:

Developing successful business ideas

Deciding to become an entrepreneur

Growing the entrepreneurial firm

Moving from an idea to an entrepreneurial firm



Being one’s own boss is a need of:

Select correct option:

Independence

Achievement

Affiliation

Authority



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

Select correct option:

Supplier

Retailer

Competition

Government bureau



Which of the following factors has allowed small companies to act like they are big ones?

Select correct option:

Competition

Economic development

Technology

Customers



Which of the following receives highest investment?

Select correct option:

High potential venture

Foundation firm

Life style

Public company


In stage of responsibility allocation process the entrepreneur follows:

Select correct option:

Highly centralized decision making process

Highly decentralized decision making process

Somewhat centralized decision making process

No particular standard



The entrepreneur’s_____________ depends on his perception of the opportunity.

Select correct option:

Commitment to opportunity

Commitment of resources

Control of resources

Strategic orientation

Which of the following is NOT a characteristic of an entrepreneur?

Select correct option:

Need for independence

Need for affiliation

Need for achievement

Risk taking



An entrepreneur doing business within the national border is called:

Select correct option:

International entrepreneurship

Intrapreneurship

Domestic entrepreneurship

Imports



The entrepreneur must possess the abilities:

Select correct option:

Creative

Conceptualization

Understanding environment

All of the given options



Shared by:- Ayesha Awan

Following are the types of non equity arrangements EXCEPT:

Select correct option:

Licensing

Management contracts

Direct export

Turnkey projects

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

Select correct option:

High potential growth firm

Foundation firm

Life style

Public company

The entrepreneur’s_____________ depends on his perception of the opportunity.

Select correct option:

Commitment to opportunity

Commitment of resources

Control of resources

Strategic orientation

Which one of the following best represents the environment of

an entrepreneurial oriented organization?

Select correct option:

Corporate culture

Entrepreneurial culture

Intrapreneurial culture

Traditional culture

_________ is required if a company wants to be more flexible in adopting changes.

Select correct option:

Management commitment

Contact with customers

Technology (mujhey ye lagta hai)

More productivity

Which two work environments should be good for spawning the new enterprises?

Select correct option:

Finance and marketing

Finance and R&D

Marketing and R&D

Marketing and IT

The entrepreneur must possess the abilities:

Select correct option:

Creative

Conceptualization

Understanding environment

All of the given options

Which of the following statements about the intrepreneurial climate is (are) true?

Select correct option:

Trial and error are discouraged.

Resources of the firm need to be available and easily accessible

A multidisciplinary approach is discouraged.

Failures are not allowed

Which of the following is alternatively called corporate venturing?

Select correct option:

Entrepreneurship

Intrapreneurship

Act of stating a new venture

Offering new products by an existing company

An entrepreneur is a person who is a:

Select correct option:

Risk taker

Initiator

Actor

All of the given options

Gazelles are the firms with:

Select correct option:

High growth rate

Moderate growth rate

Zero% growth rate

Low growth rate

Following are the important aspects of international success EXCEPT:

Select correct option:

Planning

Diversification

Reporting

Control

A typical inventor is usually ______________________.

Select correct option:

Highly creative & in love with the invention

Does not encourage change

Willing to modify the invention in order to augment commercial benefit

None of the given options


A typical inventor is usually ______________________.

Select correct option:

Highly creative & in love with the invention

Does not encourage change

Willing to modify the invention in order to augment commercial benefit

None of the given options

The chief motivational factor for _______________ entrepreneurs to leave jobs is the frustration of not being allowed to perform at the level of which they are capable.

Select correct option:

Male

Female

Young

All of the given options

All of the following are the broad categories of External forces EXCEPT:

Select correct option:

Economic forces

Socioeconomic forces

Technological forces

Competitive forces

Shared by:- Muhammad salman Asif

An entrepreneur doing business within the national border is called:

Select correct option:

International entrepreneurship

Intrapreneurship

Domestic entrepreneurship

Imports

Selling goods to another country by taking care of transactions is called:

Select correct option:

Indirect exporting

Direct exporting

Importing

Management contract

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

Select correct option:

Deficit exports

Deficit imports

Balance of payment

Balance of debt

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

Select correct option:

Export

Non equity arrangements

Direct foreign investment

All of the given options

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

Select correct option:

Economic

Political

Cultural

Technological

The chief motivational factor for _______________ entrepreneurs to leave jobs is the frustration of not being allowed to perform at the level of which they are capable.

Select correct option:

Male

Female

Young

All of the given options

Gazelles are the firms with:

Select correct option:

High growth rate

Moderate growth rate

Zero% growth rate

Zero% growth rate

When the multiplicity of environments become too complex to handle, the international entrepreneurs often ________.

Select correct option:

Go for mergers

Diversify

Decentralize operations

Sale out the foreign business

The activity which occurs when the new venture is started are called:

Select correct option:

Motivation

Business skills

Departure point

Goal orientation

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

Select correct option:

Creative destruction

New business model

Anatomization

None of the given options

The entrepreneur’s_____________ depends on his perception of the opportunity.

Select correct option:

Commitment to opportunity

Commitment of resources

Control of resources

Strategic orientation

The entrepreneur utilizes the resources through:

Select correct option:

Identifying and evaluating the opportunity

Developing a business plan

Implementing the business plan

Manage the enterprise

Which of the following areas are preferred by women entrepreneurs?

Select correct option:

Administration

Utilities

Manufacturing

None of the above

An individual’s need to be recognized is called:

Select correct option:

Need for independence

Need for affiliation

Need of fame

Need for achievement

Which one of the following is NOT an intrapreneurial leadership characteristic?

Select correct option:

Understands environment

Encourage the team work

Not flexible

Persistent