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