MGT602 Current Quiz

Good entrepreneurs are usually from families which are:

Select correct option:
Landlords
Capitalists
Can be from any family with supportive parents
Conservative parents

The entrepreneur was distinguished from capital provider in:

Select correct option:
18th century
17th century
19th and 20th century
Middle ages

Which of the following is essential if your business deals with the Paper production?.

Select correct option:
Operational Plan
Bank loan
Production plan
Organizational plan

The resources acquired from others (creditors, banks etc) are usually:

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Easily available
Difficult to obtain
Very useful
Very cheap

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

Investors usually prefers the income statement which projects the sales volume of _____ years

Select correct option:
1
2
3
4

“What the entrepreneur hopes to accomplish” includes in the

Select correct option:
Vision statement
Mission Statement
Goal Statement
All of the above

The longest lasting trade agreement with the objective of liberalizing trade by eliminating or reducing tariffs, subsidies and quotas is:

Select correct option:
Free trade area – FTA
European community – EC
General agreement on tariffs and trade – GATT
The North American free trade agreement – NAFTA

Developing a new idea through inquiry and testing is called:

Select correct option:
Heuristics
Forced relationship
Scientific method
Value analysis

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

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

Select correct option:
Understands environment
Encourage the team work
Not flexible
Persistent

Which one of the following culture that has a climate and reward system that favor conservative decision making?

Select correct option:
Entrepreneurial
Intrapreneurial
Corporate
None of the given options

Which one of the following insurance is required by law?

Select correct option:
Life insurance
Property insurance
Disability and vehicle coverage
Health care coverage

In stage of responsibility allocation process the entrepreneur follows:

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Highly centralized decision making process
Highly decentralized decision making process
Somewhat centralized decision making process
No particular standard

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



The person with capital was differentiated from the one who needed the capital in the:

Select correct option:
Middle ages
17th century
18th century
20th century

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
To explore potential customers

Following are the important aspects of international success EXCEPT:

Select correct option:
Planning
Diversification
Reporting
Control

In which of the following sources the large positive cash flow may need to be invested?

Select correct option:
Long term
Short term
Average term
None of the above options