MGT602_Online_Quiz (2)

Entrepreneurship(MGT602)

Solved Quiz

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1.      Personal characteristics to be a successful entrepreneur includes 

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

 

2.      Without top management commitment, the organization

will

1. Be able to make changes
2. Not be able to make any changes

     c.    Not be able to make effective changes

     d.   None of the above

 

3.      locus of control is

 

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

 

4.        Entrepreneurial experience becomes increasingly important as

1. Work load increases
2. Complexity of venture increases
3. Complexity of wok increases
4. None of the above

 

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5.      Entrepreneurs are concerned about basic issues of:

1. Sales, costs and benefits
2. Customers, sales and costs
3. Risk, costs and benefits
4. None of the above

 

6.      Licensing arrangements have

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

7.      Joint ventures have been used by entrepreneur:

1. When the entrepreneur wants to purchase local knowledge
2. When rapid entry in to the market is needed
3. Both of the options given
4. None of the above

 

8.      A horizontal merger is

1. Is the combination of firms in successive stages of production
2. Is the combination of firms that produce closely related projects in same area
3. Is the combination of firms that produce same products and sell in different areas
4. None of the above

 

9.      Main reason(s) for merger is (are)

1. When synergy is present
2. When complementary resources can be combined
3. Economies of scale can be achieved
4. All of the above

 

10.  First stage of production planning and development processes is

1. Idea stage
2. Concept stage
3. Establishing and evaluating criteria stage
4. None of the above

 

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