MGT602 Quiz # 3

 MGT602 Entrepreneurship



Question # 1 of 20 ( Start time: 05:17:31 PM ) Total Marks: 1

Which of the following contains all backup material that is not included in the text of business plan?

Select correct option:

History of entrepreneur

Financial plan

Appendix

Bibliography



Question # 2 of 20 ( Start time: 05:18:55 PM ) Total Marks: 1

Which of the following budget is required for the purchase of new equipment?

Select correct option:

Sales Budget

Operational Budget

Capital Budget

Manufacturing Budget





Quiz Start Time: 05:17 PM

Time Left 79

sec(s)

Question # 3 of 20 ( Start time: 05:20:21 PM ) Total Marks: 1

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





Quiz Start Time: 05:17 PM

Time Left 84

sec(s)

Question # 4 of 20 ( Start time: 05:21:49 PM ) Total Marks: 1

Female entrepreneurs differ from male entrepreneurs in terms of following EXCEPT:

Select correct option:

Motivation

Business skills

Departure point

Goal orientation







Quiz Start Time: 05:17 PM

Time Left 81

sec(s)

Question # 5 of 20 ( Start time: 05:23:19 PM ) Total Marks: 1

Which one of the following is the main problem for the entrepreneur in the beginning?

Select correct option:

Lack of experience

Limited resources

Lack of education

None of the given options





Quiz Start Time: 05:17 PM

Time Left 72

sec(s)

Question # 6 of 20 ( Start time: 05:24:38 PM ) Total Marks: 1

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

Select correct option:

Utility patent

Design patent

Plant patent

International patent



Quiz Start Time: 05:17 PM

Time Left 85

sec(s)

Question # 7 of 20 ( Start time: 05:25:43 PM ) Total Marks: 1

Professional support network includes following EXCEPT:

Select correct option:

Personal affiliations

Mentor

Trade associations

Friends





Quiz Start Time: 05:17 PM

Time Left 87

sec(s)

Question # 8 of 20 ( Start time: 05:27:06 PM ) Total Marks: 1

Which of the following firm achieves modest growth:

Select correct option:

High potential growth firm

Foundation firm

Life style

Public company

Quiz Start Time: 05:17 PM

Time Left 87

sec(s)

Question # 9 of 20 ( Start time: 05:28:31 PM ) Total Marks: 1

Which one of the following method shows the term which is related to starting from scratch to a bigger picture?

Select correct option:

Upward movement method

Incremental method

Downward movement method

None of the above options





Question # 10 of 20 ( Start time: 05:29:59 PM ) Total Marks: 1

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

Gordon method

Checklist method

Scientific method



Question # 11 of 20 ( Start time: 05:31:24 PM ) Total Marks: 1

Which one of the following is important for international business to avoid trade barriers?

Select correct option:

Protectionist attitude

Entrepreneurial partnering

Free trade areas

None of the given options





Question # 12 of 20 ( Start time: 05:32:47 PM ) Total Marks: 1

The Marketing Plan section should focus for the strategies of

Select correct option:

First Year

First two years

First Three Years

First four years



Question # 13 of 20 ( Start time: 05:33:30 PM ) Total Marks: 1

A contract must be signed by:

Select correct option:

At least one party

Both the parties

Not necessary to sign

By third party





Question # 14 of 20 ( Start time: 05:34:55 PM ) Total Marks: 1

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

Select correct option:

They are familiar with the needs of the market

They earn a handsome profit from new business

They do not bother if entrepreneur bears a loss

They have well-developed sales force





Question # 15 of 20 ( Start time: 05:35:41 PM ) Total Marks: 1

Being one’s own boss is a need of:

Select correct option:

Independence

Achievement

Affiliation

Authority





Question # 16 of 20 ( Start time: 05:36:20 PM ) Total Marks: 1

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







Question # 17 of 20 ( Start time: 05:37:46 PM ) Total Marks: 1

The most important characteristic of a successful business website is::

Select correct option:

Speed

Innovation

Graphics

Products





Question # 18 of 20 ( Start time: 05:38:29 PM ) Total Marks: 1

Which one of the following is NOT the problem in developing the economies of different under developed countries ?

Select correct option:

Gap of knowledge

Variable rate of return

Same communication style

Different accounting system





Question # 19 of 20 ( Start time: 05:39:59 PM ) Total Marks: 1

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

Select correct option:

What are unique characteristics of each market?

Who should be involved in marketing decisions?

What customer benefits are provided by the product?

What are the company’s major strengths and weaknesses?





Question # 20 of 20 ( Start time: 05:41:20 PM ) Total Marks: 1

Front level managers have _______ Skill

Select correct option:

Conceptual

Communicational

Technical

All of the above



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MGT 602 Quiz

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Thanks Syed Ali Fraz  Quiz Start Time: 12:15 AM Question # 1 of 20 ( Start time: 12:15:49 AM ) Which one of the following insurance is required by law? Select correct option: Life insurance Property insurance Disability and vehicle coverage (book page 52) Health care coverage

Quiz Start Time: 12:15 AM Question # 2 of 20 ( Start time: 12:16:48 AM ) Which one of the following is a sound strategic option for an entrepreneur when synergy is present? Select correct option: Merger Joint venture page 33 Minority interest Majority interest

Quiz Start Time: 12:15 AM  Question # 3 of 20 ( Start time: 12:17:57 AM ) In stage of responsibility allocation process the entrepreneur follows: Select correct option: Highly centralized decision making process page 30 Highly decentralized decision making process Somewhat centralized decision making process No particular standard

Question # 4 of 20 ( Start time: 12:19:31 AM ) 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

Question # 5 of 20 ( Start time: 12:20:23 AM ) Which one of the following contracts should be in written? Select correct option: Real estates Lease Rentals All of the given options 53

Question # 6 of 20 ( Start time: 12:20:52 AM ) Which one of the following is NOT an external factor? Select correct option: New regulations Competition page 57 Social changes Manufacturing

Question # 7 of 20 ( Start time: 12:22:00 AM ) Which one of the following is NOT included in four C’s evaluation by lender? Select correct option: Character Cost Continuity page55 Contribution

Question # 8 of 20 ( Start time: 12:22:44 AM ) The marketing perspective of business plan considers the venture through the eyes of: Select correct option: Investor Customer page 54 Entrepreneur Marketing manager

Question # 9 of 20 ( Start time: 12:23:28 AM ) An entrepreneur doing business within the national border is called: Select correct option: International entrepreneurship Intrapreneurship Domestic entrepreneurship Imports

Question # 10 of 20 ( Start time: 12:24:41 AM ) 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 page31

Question # 11 of 20 ( Start time: 12:25:54 AM ) Selling goods to another country by taking care of transactions is called: Select correct option: Indirect exporting Direct exporting page32 Importing Management contract

Question # 12 of 20 ( Start time: 12:26:35 AM ) GATT is established in 1947, under: Select correct option: Japan leadership China leadership U.S. leadership U.K. leadership

Question # 13 of 20 ( Start time: 12:28:10 AM ) Why should an entrepreneur do a feasibility study? Select correct option: To see if there are possible barriers to success To identify possible sources of funds To estimate the expected sales page 56 To explore potential customers

Question # 14 of 20 ( Start time: 12:29:28 AM ) Health insurance premium is less expensive if there is: Select correct option: One insured participants Ten participants Large group of participants Very small group of participants

Question # 15 of 20 ( Start time: 12:30:52 AM ) Which of the following geographical area is having least interest to U.S. entrepreneurs? Select correct option: Europe The Far East Central Asia page 37 Transition economies

Question # 16 of 20 ( Start time: 12:32:06 AM ) Which of the following techniques is an excellent method for initially screening ideas and concepts in addition to generating new ideas? Select correct option: Focus group Problem inventory analysis Brain storming Reverse brainstorming

Question # 17 of 20 ( Start time: 12:33:02 AM ) The former USSR received technology and syrup from Pepsi and provided it with Soviet vodka and rights to distribute it in the US. This is an example of: Select correct option: Economic development Barter system 29 Balance of payment International trade

Question # 18 of 20 ( Start time: 12:34:19 AM ) Members of distribution channels are excellent sources for new ideas because: Select correct option: They are familiar with the needs of the market page39 They earn a handsome profit from new business They do not bother if entrepreneur bears a loss They have well-developed sales force

Question # 19 of 20 ( Start time: 12:34:58 AM ) A 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 will stimulate idea and development of a better product

Question # 20 of 20 ( Start time: 12:35:40 AM ) According to the governing bodies of common laws, the life of trade secret is: Select correct option: 12 years 17 years 20 years As long as it remains confidential