MGT602 GRAND QUIZ SOLVED 100% VERIFIED BY ADMIN (MID TERM SYLLABUS)
Q1: An entrepreneur enters into an international business without any direct equity investment. This act is termed as:
A) Non equity arrangements (page 31) (100% Sure)
B) Mangement contracts
C) Direct investment
D) Indirect equity arrangements
Q2: Which one of the following should NOT be included in the introductory page of a business plan?
A) Names of business
B) The name of entrepreneurs
C) Executive summary (page57) (100% Sure)
D) Adresses of business
Q3: In Which of the following entrepreneur operator a business using the trademark and agrees to pay a fixed sum of use of the trademark?
A) Turn key project
B) Copyright collaboration
C) Franchising (page50) (100% Sure)
D) Trade secrets sharing
Q4: Which one of the following culture has a climate and reward system that favors conservative decision making?
A) Entrepreneurial
B) Intrapreneurial
C) Corporate (page 18) (100% Sure)
D) Open Culture
Q5: A start-up firm based on research and development is rightly called as:
A) Basic Company
B) Founder company
C) Foundation company (page 07) (100% Sure)
D) High potentail firm
Q6: Which of the following is NOT allowed in brainstorming?
A) Criticism by the participants (page 40) (100% Sure)
B) Unstructured discussion
C) Illogical discussion
D) Recording of ideas
Q7: Factors that motivate the launching of the new venture include which of the following?
A) Frustration
B) No growth
C) Lack of challenge
D) All fo the given options (page 24) (100% Sure)
Q8: Feedback survey is mostly used to get the primary data from:
A) Federal Government)
B) Employees
C) Competitiors
D) Consumers (page 38) (100% Sure
Q9: Which of the following section of business plan should begin with mission statement?
A) Financial plan
B) Executive summary
C) Industry analysis
D) Description of venture (page 57) (100% Sure)
Q10: Which one of the following is a barrier to new product creation and development?
A) Trail or error
B) Opprotunity parameter (page 14) (100% Sure)
C) Opportunity cost
D) Intrapreneurship culture
Q11: Which of the following are usually built to support the owner?
A) Life Style Firm (page 07) (100% Sure)
B) Foundation Companies
C) High-Potential Venture
D) None of the given option
Q12: Warranty is a type of:
A) Claim
B) Restriction
C) Patent
D) Liability (page 52) (100% Sure)
Q13: Which of the following external environment force can easily analyze the market growth rate?
A) Political
B) Social
C) Economical (page 26) (100% Sure)
D) Technological
Q14: Unprotected business ideas of a company are categorized as:
A) Trade secrets
B) Trade essentials (Confirm) (100% Sure)
C) Patent points
D) Patent rights
Q15: Which need is necessary for entrepreneurs as described by McClelland's need theory?
A) Need for affiliation
B) Need for achievement (page 22) (100% Sure)
C) Need for independence
D) Need for business
Q16: Which of the following factors help the companies most to be flexible in adopting changes.
A) Management decsisions
B) Customers relations
C) Technology (page 21) (100% Sure)
D) Productivity
Q17: Which of the following country is a major entrepreneuria centre?
A) France
B) Poland
C) Hong Kong (page 38) (100% Sure)
D) Japan
Q18: Which of the following is a sound strategic option for an organization when its purpose is to get the 100% ownership in the international business operations?
A) Mergers & acquisitions (page 33) (100% Sure)
B) Joint venture
C) Minority interest
D) Indirect exporting
Q19: The factor that causes individuals to do something in life is termed as:
A) Dependence
B) Revenge
C) Commitment
D) Motivation (page 19) (100% Sure)
Q20: The largest source of new business ideas for entrepreneurs is:
A) Governement regulations
B) Consumer's trend
C) Competitors
D) Research and development (page 38) (100% Sure)
Q21: Which og the following source of new idea is considered as largest source of new idea?
A) Existing companies
B) Distribution channels
C) Federal Government
D) Research and development (page 38) (100% Sure)
Q22: An individual's need of being his/her own boss is also called as need of:
A) Independence (page 25) (100% Sure)
B) Achievement
C) Affiliation
D) Authority
Q23: The amount paid to the actual inventor by the mere user of a particular intellectual property is termed as:
A) Loyalty Fee
B) Royality (page53) (100% Sure)
C) Rovelty
D) Licensing Fee
Q24: Which one of the following is NOT an intrapreneurial leardership characteristic?
A) Understand environment
B) Encourage the team work
C) Nor flexible (page 20) (100% Sure)
D) Persistent
Q25: Which of the following statement about the intrapreneurial climate within an organization is true?
A) Trial and error is discouraged (page 19) (100% Sure)
B) Innovation is encouraged
C) Innovation is dicouraged
D) Failure is not allowed
Q26: Proactive approach includes all of the following things, except:
A) Initiative taking
B) Risk taking
C) Competitve aggressiveness
D) Reative approach (page 16) (100% Sure)
Q27: The return and reward of the present opportunity is viewed in light of any possible subsequent opportunities comes under which stage of entrepreneurial process?
A) Identifying and evaluating the opportunity (page 13) (100% Sure)
B) Developing business plan
C) Determine the resources required
D) Manage the enterprise
Q28: An entrepreneur into the hosiery business found out the reason that his hosiery items were not selling due to its color. What could be the best source of this information?
A) Supplier
B) Retailer (Confirm) (100% Sure)
C) Competition
D) Covernment bureau
Q29: If your equity is more than 50% of company's complete shares, then you have:
A) Majority Interest (page 33) (100% Sure)
B) Minority Interest
C) Full Interest
D) Partial Interest
Q30: Which one of the following is the fist stage of product planning and development process?
A) Idea stage (page 45) (100% Sure)
B) Concept stage
C) Test marketing stage
D) Commercializaiton stage
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