FINALTERM EXAMINATION
Spring 2010
MGT602- Entrepreneurship (Session - 3)
Time: 90 min
Marks: 69
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| Q No. | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | Total |
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| Q No. | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | |
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| Q No. | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | |
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| Q No. | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | |
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| Q No. | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | |
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| Q No. | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | |
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| Q No. | 49 | 50 | 51 | 52 | 53 | | | | |
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Question No: 1 ( Marks: 1 ) - Please choose one
Which one of the following is important for international business to avoid trade barriers? ► Protectionist attitude
► Entrepreneurial partnering
► Free trade areas
► None of the given options
Question No: 2 ( Marks: 1 ) - Please choose one
The concept of World Wide Web pages was developed in: ► 1960s
► 1970s
► 1980s
► 1990s
Question No: 3 ( Marks: 1 ) - Please choose one
Which one the following is the best protection against product liability? ► Avoid negligence
► Warn consumers of any potential hazards
► Give warranty
► Avoid misrepresentation
Question No: 4 ( Marks: 1 ) - Please choose one
Which of the following is a powerful marketing tool for expansion of business in new market? ► Licensing
► Product safety
► Insurance
► Copy rights
Question No: 5 ( Marks: 1 ) - Please choose one
Bankers say that most businesses fail because of the _____ inability to plan properly. ► Investor’s
► Marketer’s
► Entrepreneur’s
► Consultant’s
Question No: 6 ( Marks: 1 ) - Please choose one
Which of the following plan has names, addresses, and resumes of the directors and officers of the corporation? ► Operations
► Marketing
► Production
► Organizational
Question No: 7 ( Marks: 1 ) - Please choose one
Which of the following is necessary to initiate the market research? ► Data
► Budget
► Problem
► Objectives
Question No: 8 ( Marks: 1 ) - Please choose one
Which of the following should be considered when the market for new venture is highly concentrated? ► Indirect Sale
► Direct Sale
► Market Research
► None of the given options
Question No: 9 ( Marks: 1 ) - Please choose one
Which of the following is a process of dividing the market into smaller homogeneous groups? ► Situation analysis
► Marketing
► Market segmentation
► Target marketing
Question No: 10 ( Marks: 1 ) - Please choose one
Which statement of the following relates with the ultimate goal of Business? ► Vision Statement
► Mission Statement
► Goal Statement
► Profit Statement
Question No: 11 ( Marks: 1 ) - Please choose one
Which of the following is the most sensitive plan in the business plan? ► Financial Plan
► Marketing Plan
► Production Plan
► Operational Plan
Question No: 12 ( Marks: 1 ) - Please choose one
Which of the following shows the standard acceptable term of a Limited Liability Company? ► Three
► Ten
► Twenty
► Thirty
Question No: 13 ( Marks: 1 ) - Please choose one
Which of the following shows the characteristic of the corporation with reference to taxation system? ► Single taxation system
► Double taxation system
► Triple taxation system
► No taxation system
Question No: 14 ( Marks: 1 ) - Please choose one
Which of the following statement provides vunew.blogspot projections of all operating expenses for each month of the first year? ► The pro forma balance sheet
► The pro forma income statement
► The pro forma cash flow statement
► The actual balance sheet
Question No: 15 ( Marks: 1 ) - Please choose one
Which of the following is NOT the determinant of entrepreneur's ownership? ► Cash
► Debt
► None of the given options
► Equity
Question No: 16 ( Marks: 1 ) - 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
► Installment loan
► Long term loan
Question No: 17 ( Marks: 1 ) - Please choose one
Which of the following number of years a mortgage loan may possibly cover? ► 10
► 20
► 30
► 40
Question No: 18 ( Marks: 1 ) - Please choose one
Which of the following is the oldest development financing institution? ► Regional Development Finance Corporation
► Industrial Development Bank of Pakistan
► Small Business Finance Corporation
► Khushhali Bank
Question No: 19 ( Marks: 1 ) - Please choose one
Which of the following is a free method to create awareness of the venture? ► Publicity
► Internet Advertising
► Trade Shows
► Sales promotion
Question No: 20 ( Marks: 1 ) - Please choose one
In the U.S. joint ventures were first formed for large-scale projects in which of the following options? ► 1700s
► 1800s
► 1900s
► 1600s
Question No: 21 ( Marks: 1 ) - Please choose one
When the implementation of SBA financial plan took place? ► 1971
► 1972
► 1973
► 1974
Question No: 22 ( Marks: 1 ) - Please choose one
Most informal investors: ► Invest in firms that are geographically close
► Make many deals a year
► Are poorly educated
► Prefer to invest in multinational
Question No: 23 ( Marks: 1 ) - Please choose one
Which one of the following is the process of entrepreneurs developing new products that over time make current products obsolete? ► New business model
► Anatomization
► Creative destruction
► None of the given options
Question No: 24 ( Marks: 1 ) - Please choose one
The resistance of employees in an organization against flexibility, growth, and diversification can be overcome by developing which of the following? ► Entrepreneurship
► Intrapreneurship
► Managerial domain
► Administrative domain
Question No: 25 ( Marks: 1 ) - Please choose one
Which of the following is NOT true about corporate entrepreneurs? ► They prefer direct involvement to delegation
► They tend to be moderate risk takers
► They usually attempt to hide risky projects from view until ready
► They follow their dreams with decisions
Question No: 26 ( Marks: 1 ) - Please choose one
Which one of the following factor does not differ in motivating male and female entrepreneurs? ► Independence
► Money
► Job satisfaction
► Opportunity
Question No: 27 ( Marks: 1 ) - Please choose one
The more complex the organization, the more __________ it is to start. ► Hard
► Possible
► Expensive
► Easy
Question No: 28 ( Marks: 1 ) - Please choose one
The partner sell their interests at any time without consent of the full partner, is known as: ► Nominal Partner
► Sleeping Partner
► Limited Partner
► General Partner
Question No: 29 ( Marks: 1 ) - Please choose one
Which of the following shows the name of fund that is used in sudden condition in business apart from borrowing? ► Contingency fund
► Dumping fund
► Raising fund
► Equity fund
Question No: 30 ( Marks: 1 ) - Please choose one
Which one of the following private investors is NOT a final source of funds for the entrepreneurs? ► Friends
► Barbers
► Financial planers
► Technical experts
Question No: 31 ( Marks: 1 ) - Please choose one
In which project the funding is NOT provided by the SBFC. ► Agriculture
► Gem stones
► Textile apparel
► Marble processing
Question No: 32 ( Marks: 1 ) - Please choose one
Which of the following initial step is normally taken by the management for hiring employees? ► Interviews
► Short listing
► Advertisement
► Group discussion
Question No: 33 ( Marks: 1 ) - Please choose one
__________ may also be considered if there are no other effective options for hiring new talents. ► Retired personnel
► Personnel agencies
► References
► Networking
Question No: 34 ( Marks: 1 ) - Please choose one
__________ is very influencing and inspiring others in the organization to strive to meet the mission of the venture. ► Quality
► Planning
► Leadership
► Benchmark
Question No: 35 ( Marks: 1 ) - Please choose one
Which leadership style involves the leader giving vunew.blogspot followers something they want in exchange for something the leader wants? ► Charismatic
► Laissez-faire
► Transformational
► None of the given options
Question No: 36 ( Marks: 1 ) - Please choose one
Which of the following item is NOT deducted to the salaries? ► Income Tex
► Insurance
► Sales Tex
► Provident fund
Question No: 37 ( Marks: 1 ) - Please choose one
Which of the following can only be helpful to introduce the company? ► Web trading
► Price reduction
► Free publicity
► Personal selling
Question No: 38 ( Marks: 1 ) - Please choose one
Which of the following refers to new products with some technological change? ► Ordinary innovation
► Technological innovation
► Breakthrough innovation
► Technical innovation
Question No: 39 ( Marks: 1 ) - Please choose one
Which of the following statements describes “Domestic entrepreneurship”? ► It is the process of an entrepreneur conducting business activities across national boundaries
► It is the process of an entrepreneur conducting business activities within the national boundaries
► It is an innovative corporate management vunew style that encourages employees within an organization to create new product ideas
► It is a business structure in which an individual and his company are considered a single entity for tax and liability purposes
Question No: 40 ( Marks: 1 ) - Please choose one
Which of the following statements best defines “creative problem solving”? ► It refers to groups of individuals providing in a structured format
► It refers to a group method for obtaining new ideas and solutions
► It refers to a method for obtaining new ideas and solutions by focusing on problems
► It refers to a method for obtaining new ideas focusing on the parameters
Question No: 41 ( Marks: 1 ) - Please choose one
Which of the following best describes “plant patents”? ► It grants the owner protection from anyone else making, using, and/or selling the invention
► It covers the original and ornamental aspects of a product
► It covers certain types of plants
► None of the given options
Question No: 42 ( Marks: 1 ) - Please choose one
Which of the following denote no relationship between the mark and the goods or services? ► Coined marks
► Arbitrary marks
► Suggestive marks
► Descriptive marks
Question No: 43 ( Marks: 1 ) - Please choose one
Which of the following best describes “contract”? ► It refers to a legally binding agreement between two parties
► It grants holder protection from others making, using or selling similar idea
► It may be a word, symbol, design or some combination that identifies the source of certain goods
► It refers to a legal document giving official permission to do something
Question No: 44 ( Marks: 1 ) - Please choose one
Which of the following is the former name of SME Bank? ► FMBC
► SBFC
► SMEDA
► SPCC
Question No: 45 ( Marks: 1 ) - Please choose one
Usually which of the following activity is NOT recorded by the manufacturers? ► Cash flows
► Raw material
► Consumers data
► Plant & machinery
Question No: 46 ( Marks: 1 ) - Please choose one
When a company purchased another company or a part of it in such a way that the acquired company is completely or partially absorbed and no longer exists, it would be an example of: ► Merger
► Acquisition
► Joint venture
► Hostile takeover
Question No: 47 ( Marks: 1 ) - Please choose one
In which of the following stated book value is used to reflect the actual market value. ► Book value
► Liquidation value
► Replacement value
► Adjusted book value
Question No: 48 ( Marks: 1 ) - Please choose one
Which of the following industry comparatively required highly skilled & educated human resource to the others? ► Automobile industry
► IT based industry
► Gems & Jewelry
► Textile industry
Question No: 49 ( Marks: 3 )
Loan application is also called a “mini business plan”. Comment on this statement.Question No: 50 ( Marks: 3 )
A joint venture is a good option in making alliance. What factors contribute in the success of a joint venture?Question No: 51 ( Marks: 5 )
Discuss Small Business Innovation Research Grant Program along with its various phases.Question No: 52 ( Marks: 5 )
Why small and medium enterprises suits in Pakistani environment? Discuss reasons.Question No: 53 ( Marks: 5 )
What is asset based financing? How can it help the entrepreneur to start his business?
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