Entreprenuership Management MCQ

1.
The resistance of employees in an organization against flexibility, growth, and diversification can be overcome by developing: Entrepreneurship Intrapreneurship Managerial domain Administrative domain
2. For the success of business plan the goals should be Limitless Generalized Specific Imaginary
3. LMM stands for: Locally Manufactured Machinery Locally Manufactured Marble Local Marble Market Local Meat Market
4. Which of the following is NOT essential part of the contract? All the parties involved should be named Transaction should be described in detail Obtain signatures of the persons involved Place where contract takes place
5. Normally sponsor links are used in which of the following type of promotion? Publicity Trade shows Personal selling Internet advertising
6. The Grameen Bank model is affectively used by which of the following institute? Education sector Finance Sector Rural Sector NGOs
7. Which one of the factors should be considered while assessing the space for business? Parking Access from roadways to facility Delivery rates All of the given options
8. An actor and a person who managed large project were termed as the entrepreneur in the _________. Earliest period Middle ages 17th century 19th and 20th century
9. Which of the following usually is NOT deducted to the salaries? Provident fund Income Tex Insurance Zakat
10. LLC is more flexible than S Corporation Limited Partnership Sole Proprietor All of the above
11. Which of the following is NOT an example of collecting primary data? Internet Focus Group Interview Observation
12. Which two work environments should be good for spawning the new enterprises? Finance and marketing Finance and R&D Marketing and R&D Marketing and IT
13. Which one of the following should consider in economy while conducting environmental analysis? GNP Disposable income Unemployment Channel of distribution
14. __________ is commonly used to measure the short-term solvency of the venture? Debt to equity ratio Current ratio Profitability ratio Activity ratio
15. Which one of the following is a barrier to new product creation and development? Trial and error Opportunity parameter Opportunity cost Intrapreneurship culture
16. What is a target market? A group of customers a venture reaches by accident All consumers who purchase the ventures product A specific group of potential customers toward which a venture aims its marketing plan A chain of discount stores
17. In stage of responsibility allocation process the entrepreneur follows: Highly centralized decision making process Highly decentralized decision making process Somewhat centralized decision making process No particular standard
18. Which one of the following is the process of entrepreneurs developing new products that over time make current products obsolete? Creative destruction New business model Anatomization None of the given options
19. Factors contribute to the creation of new venture EXCEPT: Government Finance High interest rates Role models
20. Which one of the following gives suggestions for new product but also helps to market new product in the market? Existing products and services Distribution channels Federal government Consumers
21. The chief motivational factor for _________________ entrepreneurs to leave jobs is the frustration of not being allowed to perform at the level of which they are capable. Male Female Young All of the given options
22. Which of the following is the most important for the entrepreneur, while starting a new venture, to make an assessment of? Risk Profit Market Competitors
23. An entrepreneur doing business within the national border is called: International entrepreneurship Intrapreneurship Domestic entrepreneurship Imports
24. A typical inventor is usually ________________________. Highly creative & in love with the invention Does not encourage change Willing to modify the invention in order to augment commercial benefit None of the given options
25. According to the governing bodies of common laws, the life of trade secret is: 12 years 17 years 20 years As long as it remains confidential
26. A contract must be signed by: At least one party Both the parties Not necessary to sign By third party
27. Selling goods to another country by taking care of transactions is called: 28. Which of the following is alternatively called corporate venturing? Entrepreneurship Intrapreneurship Act of stating a new venture Offering new products by an existing company Indirect exporting Direct exporting Importing Management contract
29. In USA Public Limited Companies may have ______ Director/s 1 2 3 4
30. Which one of the following is an important source of idea generation due to their familiarity with the needs of market? Existing products and services Distribution channels Federal government
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29. In USA Public Limited Companies may have ______ Director/s 1 2 3 4

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