MGT602 Quiz No 1

ENTREPRENEURSHIP

FROM CHAPTER NO 1 TO 10

QUIZ 1

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1.      Any patents, trademarks , copyright or trade secrets held by the entrepreneur is known as

1. Disclosure document
2. Patent
3. Intellectual property
4. None of the mentioned

 

2.      The organization will never be able to make the necessary changes without_________

1. Top management commitment
2. Employees
3. Workers
4. None of the mentioned

 

3.      The ways entrepreneurs make decisions.

1. Entrepreneurial domain.
2. Reverse brain storming
3. Heuristics

d.Reverse brain storming

4.      A trademark is

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5.      A word, symbol, name or device that a business uses to identify its goods.

1. A legal protection for information on foreign products.
2. Legal protection for intellectual works.
3. Legal protection for a U.S. product exported to another country.

 

6.      locus of control is

1. A feeling
2. Attitude
3. Attribute
4. None of the above

 

7.      Licensing arrangements have

1. Low risk process involved
2. Easy way to generate incremental income
3. Several pitfalls
4. All of the above

 

8.      Personal characteristics to be a successful entrepreneur includes 

1. Understanding environment
2. Creating management options
3. Encourage open discussion
4. All of the above

 

9.      International entrepreneurship is

1. Licensing
2. Exporting
3. Both of the mentioned options
4. None of the two mentioned

 

Which of the following is not a characteristic that is helpful for an entrepreneur to have?

a.        Self-esteem

b.       Caution

c.        Drive

d.       Optimism

 

10.  Hindrance for going in the international business is known as

1. Synergy
2. Turn key point
3. Trade barrier
4. Minority interest

 

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