MGT602 – Entrepreneurship
Quiz No.2 Dec 05, 2012
Question # 1 of 20 ( Start time: 09:57:49 AM ) Total Marks: 1
An ice cream producing company merges with a cotton spinning company this merger is an example of:
Select correct option:
Diversified activity merger
Product extension merger
Market extension merger
Vertical merger
Question # 2 of 20 ( Start time: 09:58:49 AM ) 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 # 3 of 20 ( Start time: 10:00:15 AM ) Total Marks: 1
Which of the following type of merger have the combination of at least two firms doing similar businesses at the same market level?
Select correct option:
Vertical merger
Product extension merger
Horizontal merger
Diversified activity merger
Question # 4 of 20 ( Start time: 10:01:03 AM ) Total Marks: 1
Which of the following source of fund mostly female entrepreneurs are utilized for starting their new businesses?
Select correct option:
Secondary resources
Primary resources
Investors
Bank loans
Question # 5 of 20 ( Start time: 10:02:29 AM ) Total Marks: 1
Selling goods to another country through a person in the entrepreneur's home country is known as:
Select correct option:
Trading
Direct export
Indirect export
Domestic sales
Question # 6 of 20 ( Start time: 10:03:35 AM ) Total Marks: 1
Which of the following is the method for individuals to solve problems through one of four mechanisms: personal, direct, symbolic and fantasy?
Select correct option:
Gordon method
Synetics
Heuristics
Scientific method
Question # 7 of 20 ( Start time: 10:04:49 AM ) Total Marks: 1
A merger of children books publishing company with a toys manufacturing company is an example of:
Select correct option:
Vertical merger
Product extension merger
Horizontal merger
Diversified activity merger
Question # 8 of 20 ( Start time: 10:05:38 AM ) Total Marks: 1
Which of the following contains large number of new ideas?
Select correct option:
Files of Patent office
Official Gazette
Government patent Board
All of the given option
Question # 9 of 20 ( Start time: 10:06:11 AM ) Total Marks: 1
Entrepreneurial success has been significant because of the culture and the political and economic systems in _________.
Select correct option:
European countries
Asian countries
Transition economies
Middle East
Question # 10 of 20 ( Start time: 10:07:14 AM ) Total Marks: 1
In which of the following support network; individuals give psychological support to an entrepreneur?
Select correct option:
Moral support network
Technical support network
Political support network
Economical support network
Question # 11 of 20 ( Start time: 10:07:44 AM ) Total Marks: 1
Which of the following is the method of developing a new idea by thinking about constraints?
Select correct option:
Matrix charting
Big diagram approach
Value analysis
Parameter analysis
Question # 12 of 20 ( Start time: 10:08:15 AM ) Total Marks: 1
A company sells its product to a "foreign sales office" that is located in its domestic market, this is an example of:
Select correct option:
Indirect exporting
Direct exporting
Bartering
Joint Venture
Question # 13 of 20 ( Start time: 10:09:34 AM ) Total Marks: 1
Moral support network includes following EXCEPT:
Select correct option:
Spouses
Friends
Business associates
Relatives
Question # 14 of 20 ( Start time: 10:10:30 AM ) Total Marks: 1
The evaluation criteria for the new product should include all of the following, EXCEPT:
Select correct option:
Determination of market demand
Determination of the suppliers
Pricing and marketing policies of other competing firms
Product should be profitable
Question # 15 of 20 ( Start time: 10:11:34 AM ) Total Marks: 1
Selling goods to another country by taking care of transactions is called:
Select correct option:
Indirect exporting
Direct exporting
Importing
Management contract
Question # 16 of 20 ( Start time: 10:12:32 AM ) Total Marks: 1
Which one of the following is an important source of idea generation due to their familiarity with the needs of market?
Select correct option:
Existing products and services
Distribution channels
Federal government
Consumers
Question # 17 of 20 ( Start time: 10:14:02 AM ) 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 # 18 of 20 ( Start time: 10:14:58 AM ) Total Marks: 1
The activities which occur when the new venture is started are called:
Select correct option:
Motivation
Goal orientation
Departure point
Business skills
Question # 19 of 20 ( Start time: 10:16:20 AM ) 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
Question # 20 of 20 ( Start time: 10:17:51 AM ) Total Marks: 1
Following are the types of foreign direct investment EXCEPT:
Select correct option:
Joint venture
Management contracts
Minority interest
Merger
The difference between the value of a country's imports and exports over time is called:
Deficit exports
Deficit imports
Balance of payment
Balance of debt
Which one of the following is NOT the problem in developing the economies of different under developed countries ?
Gap of knowledge
Variable rate of return
Same communication style
Different accounting system
A patent is granted for a specified amount of time because of the assumption:
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
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:
Economic development
Barter system
Balance of payment
International trade
Which of the following is the method of developing a new idea by thinking about constraints?
Matrix charting
Big diagram approach
Value analysis
Parameter analysis
An ice cream producing company merges with a cotton spinning company this merger is an example of:
Diversified activity merger
Product extension merger
Market extension merger
Vertical merger
Which of the following techniques is an excellent method for initially screening ideas and concepts in addition to generating new ideas?
Focus group
Problem inventory analysis
Brain storming
Reverse brainstorming
Which of the following is used by entrepreneurs to acquire experience in an international market before making a major commitment?
Merger
Joint venture
Minority interest
Majority interest
Which of the following country has the social structure that discourages entrepreneurship?
Singapore
Japan
Pakistan
Hong Kong
Which one of the Following is the way by which an entrepreneur can enter into international business?
Export
Non equity arrangements
Direct foreign investment
All of the given options
Question # 11 of 20 ( Start time: 04:36:30 PM)
Idea of new product is tested in potential consumers to determine consumer acceptance at _______ stage.
Concept
Product development
Test marketing
Commercialization
Which of the following areas are preferred by women entrepreneurs?
Administration
Utilities
Manufacturing
None of the above
The evaluation criteria for the new product should include all of the following, EXCEPT:
Determination of market demand
Determination of the suppliers
Pricing and marketing policies of other competing firms
Product should be profitable
Which of the following is/are a source of idea generation?
Consumers
Federal government
Brain storming
All of the above
Following are the types of non equity arrangements EXCEPT:
Licensing
Management contracts
Direct export
Turnkey projects
Professional support network includes following EXCEPT:
Personal affiliations
Mentor
Trade associations
Friends
An entrepreneur doing business within the national border is called:
International entrepreneurship
Intrapreneurship
Domestic entrepreneurship
Imports
A company sells its product to a "foreign sales office" that is located in its domestic market, this is an example of:
Indirect exporting
Direct exporting
Bartering
Joint Venture
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?
Select correct option:
Mergers & acquisitions
Joint venture
Majority interest
Indirect exporting
Which of the following is the objective of General Agreement on Tariffs and Trade
(GATT)?
Select correct option:
Imposing the tariffs and imports quotas
Liberalizing trade by reducing quotas
Introduce more advance impost quotas
Eight rounds of tariff reduction
Which one of the following is the next stage to the Concept Stage of Product Planning
and Development Process?
Select correct option:
Idea Stage
Product Planning Stage
Product Development Stage
Test Marketing Stage
Which of the following gives the owners a negative right, preventing anyone from
making, using, or selling the invention?
Select correct option:
Patent
Copyright
Trade mark
Trade secret
Which one of the following is the method of developing new idea through a thought process progression?
Select correct option:
Synetics
Heuristics
Forced relationships
Value analysis
Selling goods to another country through a person in the entrepreneur's home country is
known as:
Select correct option:
Trading
Direct export
Indirect export
Domestic sales
Idea of new product is tested in potential consumers to determine consumer acceptance at
_________ stage.
Select correct option:
Concept
Product development
Test marketing
Commercialization
Entrepreneurial success has been significant because of the culture and the political and
economic systems in _________.
Select correct option:
European countries
Asian countries
Transition economies
Middle East
An entrepreneur doing business within the national border is called:
Select correct option:
International entrepreneurship
Intrapreneurship
Domestic entrepreneurship
GATT is established in 1947, under:
Select correct option:
Japan leadership
China leadership
U.S. leadership
U.K. leadership
Which of the following is/are a source of idea generation?
Select correct option:
Consumers
Federal government
Brain storming
All of the above
Developing a new idea through inquiry and testing is called:
Select correct option:
Heuristics
Forced relationship
Scientific method
Value analysis
In stage of responsibility allocation process the entrepreneur follows:
Select correct option:
Highly centralized decision making process
Highly decentralized decision making process
Somewhat centralized decision making process
No particular standard
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 an important source of idea generation due to their
familiarity with the needs of market?
Select correct option:
Existing products and services
Distribution channels
Federal government
Consumers
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
Which of the following is the source of analysis to uncover ways to improve on existing offering that may result in a new product that has more market appeal?
Select correct option:
Distribution channels
Existing companies
Research & development
Consumers
Which of the following is the best method for developing new idea by looking at the
positives and negatives of an item?
Select correct option:
Free association
Attribute listing
Forced relationship
Value analysis
Which of the following describes the statement "entrepreneurship within an existing organization"?
Select correct option:
Intrapreneurship
Entrepreneurship
High potential venture
Gazelles
Which of the following type of merger have the combination of at least two firms doing similar businesses at the same market level?
Select correct option:
Vertical merger
Product extension merger
Horizontal merger
Diversified activity merger
Which of the following source of fund mostly female entrepreneurs are utilized for starting their new businesses?
Select correct option:
Secondary resources
Primary resources
Investors
Bank loans
The entrepreneur utilizes the resources through:
Select correct option:
Identifying and evaluating the opportunity
Developing a business plan
Implementing the business plan
Manage the enterprise
Which one the following is the uncontrollable factor in international trade?
Select correct option:
Economic
Cultural
Technological
All of the given options
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?
Select correct option:
Mergers & acquisitions
Joint venture
Majority interest
Indirect exporting
Generally, male entrepreneurs start their first venture in the age of:
Select correct option:
Late 20s
Early 30s
Late 30s
Early 40s
Which of the following has multistage commitment of resources with minimal exposure
at each stage?
Select correct option:
Managerial domain
Entrepreneurial domain
Intrapreneurial domain
All of the given options
Female entrepreneurs differ from male entrepreneurs in terms of following EXCEPT:
Select correct option:
Motivation
Business skills
Departure point
Goal orientation
Which one of the following is required to develop a good team for creating something
new?
Select correct option:
Relationship with team members
Open discussion
Non flexible behavior
Which one of the following system is necessary for expansion and elimination of
intrapreneurial units?
Select correct option:
Management
Evaluation
Reward
Training
An actor or a person who managed large production projects was termed as the
entrepreneur in the _________.
Select correct option:
Earliest period
Middle ages
17th century
19th and 20th century
Degree of influence and control on other people is called:
Select correct option:
Locus of control
Locomotion of control
Locust of control
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
Which of the following is the desirable factor for an entrepreneur while forming a new
venture?
Select correct option:
Sub culture
Stakeholder
Role models
Marketing
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