MGT602_Online_Quiz # 1

Entrepreneurship(MGT602)

Quiz No 1

 

                                                                  

 

http://groups.google.com/group/vuZs

Visit this group

1. An entrepreneur's primary motivation for starting a business is

1. To make money
2. To be independent
3. To be famous
4. To be powerful

 

2. To be successful in an entrepreneurial venture, you need

1. Money
2. Luck
3. Hard work
4. A good idea

 

3. Entrepreneurs are best as

 

1. Managers
2. Venture capitalists
3. Planners
4. Doers

 

4. A successful entrepreneur relies on which of the following for critical management advice

1. Internal management team
2. External management professionals
3. Financial sources     
4. No one

 

5. Entrepreneurs are:

1. High risk takers
2. Moderate risk takers
3. Small risk takers
4. Doesn't matter

 

6. Entrepreneurs typically form

1. Service businesses
2. Manufacturing companies
3. Constructive companies
4. A variety of ventures

7. Entrepreneurs:

1. Are the life of the party
2. Are bores at a cocktail party
3. Will never go to parties
4. Just fit into the crowd at a party

 

8. Entrepreneurs and ventures capitalists:

1. Get along well
2. Are the best friends
3. Are cordial friends
4. Are in conflict

 

9. An entrepreneur's primary motivation for high ego and need for achievement is based upon a relationship with:

1. Spouse
2. Mother
3. Father
4. Children

 

for more contents visit

http://groups.google.com/group/vuZs

10. An individual usually begins his or her first significant entrepreneurial business enterprise at what age

1. Teens
2. Twenties
3. Forties
4. Fifties

Entrepreneurship (MGT602)

  Quiz # 1

 

1. NAFTA stands for:

a) North American Free Trade Agreements

b) North Asian Free Trade Agreements

c) National Asian Free Trade Agreements

d) National American Free Trade Agreements

2.  The factor______________ is probably the most prevalent reason for mergers.

a) Taxation

b) Economies of scale

c) Inflation

d) Mergers

3. A _____________ merger is a combination of two firms producing the same products but selling them in different geographic markets.

a) Diversified Activity Merger

b) Product Extension Merger

c) Vertical Merger

d) Market Extension Merger

4. One of the most frequent reasons an entrepreneur forms a joint venture is to share the ________________.

a) Resources

b) Cost

c) Cost and risk of a project

d) Profit

5. _______________ involves having a foreign purchaser in the local market or using an export management firm.

a) Direct Exporting

b) Indirect Exporting

c) Management Contracts

d) Turn-Key Projects

6. The ______________measures the payments that flow between any individual country and all other countries.

a) International Business

b) Economies of Scales

c) Balance of Payment

d) None of the given options

7. ________________ is an entrepreneurial type who quickly identifies new promising business opportunities but rarely, if ever, follows through on the opportunity to create a successful new venture.

a) Simplicity Sue

b) Shotgun Sam

c) Hidden Agenda Harry

d) Inventor Irving

8. One study found that the typical minority business owner was the

a) Oldest child in a blue-collar family and married.

b) Oldest child in a white-collar family and married.

c) Youngest child in a blue-collar family and married.

d) Youngest child in a white-collar family and married.

9. Traditional managers are:

a) Deals with mistakes and failures

b) Tries to avoid mistakes and surprises

c) Attempts to hide risky projects from view until ready

d) None of the given Options

 

 10. Entrepreneurs are:

 a) Moderate risk taker

b)  High risk taker

c) Avoidance

d) Both b and c

11. Risk decisions are often postponed until

a) Hard facts can be gathered or a consultant hired to illuminate the unknown.

b) Hard facts can be gathered or an auditor hired to illuminate the unknown.

c) There is no need to gather facts and hired a consultant/auditor

d) None of the given options

12. _________________ is one method of stimulating, and then capitalizing on, individuals in an organization who think that something can be done differently and better.

a) Strategic Orientation

b) Capitalization

c) Intrapreneurship

d) Management

13. The typical _________________ has a climate and reward system that favor conservative decision making.

a) Entrepreneurship culture

b) Corporate culture

c) Intrapreneurial culture

d) None of the given options

14. Female entrepreneurs normally start their venture at the age of _____________ years.

a) 35-45

b) 25-30

c) 20-25

d) 40-45

 

15. Male entrepreneurs normally start their venture at the age of____________ years.

a) 20-25

b) 25-35

c) 40-50

d) After the age of retirement.

16. The ________________ is the process through which innovation develops and commercializes through entrepreneurial activity, which in turn stimulates economic growth.

a) Product-evolution process

b) Technological innovations

c) Breakthrough innovations

d) None of the given options

17. A____________________ is a type of company formed from research and development that usually does not go public.

a) Foundation

b) Life-Style Firm

c) High-Potential Venture

      d) Both b and c

      18. _________________ involve such things as writing, listening, oral presentations, coaching and technical know-how.

      a) Business Management skills

      b) Personal entrepreneurial skills

      c) Technical skills

      d) None of the given options

19. The ___________________ means to do things in his or her own way and time.

a) Need per independence

b) Need for achievement

c) Personal values

d) Ethics   

20. ________________ is a reason or set of reasons for engaging in a particular behavior, especially human behavior.

a) Moral value

b) Act

c) Motivation

d) None of the options                                                       

vuZs

Visit this group