MGT602 Oline Quiz No 5

Quiz 5

Entrepreneurship

(MGT602)

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1.      One effective way to begin the marketing plan is

a.   To make a list of the information that will be needed to prepare the marketing plan.

1. Gathering Data from Secondary Sources

c.    Gathering Information from Primary Sources.

1. None of the options given

 

2.      A focus group

a. Is a sample of 10 or 12 potential investors who participate in a discussion?

b.Is a sample of 10 or 12 potential employees who participate in a discussion?

c. Is a sample of 10 or 12 potential customers who participate in a discussion?

1. None of the options given

 

3.      The situation analysis is

a.     Defining Target Market/Opportunities and Threats.

1. Considering Strengths and Weaknesses

c.     A review of where the com pany has been and considers envi ronmental factors.

1. None of the options given

 

4.      One of the difficult decisions

a. Is about the distribution of the product

b.Is determining the appropriate price for the product.

c. Is about the promotion of the product

1. None of the options given

 

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5.      Which of the following statement is true for marketing system?

1. It is all about the internal envoi mental factors
2. It identifies the major interacting components, both internal and external
3. It's about the financial needs of the venture 
4. None of the options given

 

6.      In setting marketing goals and objectives the entrepreneur must

1. Set the price
2. Distribution place
3. Must satisfy customers
4. None of the above

7.      The financial plan provides a complete picture of:

a.     How much and when the funds are coming into the organization.

b.    Where the funds are going.

c.     How much cash is available?

d.    Al of the options given

8.      Before developing the pro forma income statement, the entrepreneur should

a.  Prepare operating budgets

b. Capital budgets.

c.  None of the options given

d. Both of the options given (a,b)

 

9.      Which of the following statement is true?

 

1. Cash flow is same as profit.

b. Profit is the result of subtracting expenses from sales.

c.  Cash flow results from the difference between all cash available and cash pay ments.

1. Cash flows only when actual payments are not made but only received.

 

10.  Which of the statement is not true?

 

a. The S Corporation combines the tax advantages of the partnership and the corporation.

b.S Corporations represent almost half of all corporate fil ings.

c. A popular new entity is the limited liability company (LLC)

1. Limited liability Company (LLC) offers similar disadvantages as the S Corpora tion

 

 

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