Reference no: EM13922864
1. Any patents, trademarks , copyright or trade secrets held by the entrepreneur is known as
- Disclosure document
- Patent
- Intellectual property
- None of the mentioned
2. The organization will never be able to make the necessary changes without_________
- Top management commitment
- Employees
- Workers
- None of the mentioned
3. The ways entrepreneurs make decisions.
- Entrepreneurial domain.
- Reverse brain storming
- Heuristics
- Reverse brain storming
4. A trademark is
5. A word, symbol, name or device that a business uses to identify its goods.
- A legal protection for information on foreign products.
- Legal protection for intellectual works.
- Legal protection for a U.S. product exported to another country.
6. locus of control is
- A feeling
- Attitude
- Attribute
- None of the above
7. Licensing arrangements have
- Low risk process involved
- Easy way to generate incremental income
- Several pitfalls
- All of the above
8. Personal characteristics to be a successful entrepreneur includes
- Understanding environment
- Creating management options
- Encourage open discussion
- All of the above
9. International entrepreneurship is
- Licensing
- Exporting
- Both of the mentioned options
- None of the two mentioned
10. Which of the following is not a characteristic that is helpful for an entrepreneur to have?
- Self-esteem
- Caution
- Drive
- Optimism
11. Hindrance for going in the international business is known as
- Synergy
- Turn key point
- Trade barrier
- Minority interest
12. In chronological age , most entrepreneurs start their careers between ages
- 22 and 55
- 30 and 55
- 40 and 65
- None of the given options
13. ___________________ is the combination of at least two firms doing similar businesses at the same market level.
- Diversified activity Merger
- Horizontal Merger
- Joint Venture
- Vertical Merger
14. Which of the following is NOT recognized as a misconception about entrepreneurship?
- Entrepreneurship is found only is small businesses.
- Entrepreneurship is easy.
- Successful entrepreneurship needs only a great idea.
- Entrepreneurial ventures and small businesses are different
15. All of the following are recognized as potential sources of entrepreneurial ideas EXCEPT:
- Work experiences, skills, and abilities
- Familiar and unfamiliar products and services
- Personal interests or hobbies
- All of the selections are recognized as potential sources of entrepreneurial ideas.
16. An _______________________ is an individual who creates something for the first time, is a highly driven individual motivated by his or her own work and personal ideas.
- Entrepreneur
- Inventor
- Both a and b
- None of the given options
17. An entrepreneur's primary motivation for starting a business is
- To make money
- To be independent
- To be famous
- To be powerful
18. To be successful in an entrepreneurial venture, you need
- Money
- Luck
- Hard work
- A good idea
19. Entrepreneurs are best as
- Managers
- Venture capitalists
- Planners
- Doers
20. A successful entrepreneur relies on which of the following for critical management advice
- Internal management team
- External management professionals
- Financial sources
- No one
21. Entrepreneurs are:
- High risk takers
- Moderate risk takers
- Small risk takers
- Doesn't matter
22. Entrepreneurs typically form
- Service businesses
- Manufacturing companies
- Constructive companies
- A variety of ventures
23. Entrepreneurs:
- Are the life of the party
- Are bores at a cocktail party
- Will never go to parties
- Just fit into the crowd at a party
24. Entrepreneurs and ventures capitalists:
- Get along well
- Are the best friends
- Are cordial friends
- Are in conflict
25. An entrepreneur's primary motivation for high ego and need for achievement is based upon a relationship with:
- Spouse
- Mother
- Father
- Children
26. An individual usually begins his or her first significant entrepreneurial business enterprise at what age
- Teens
- Twenties
- Forties
- Fifties
27. Personal characteristics to be a successful entrepreneur includes
- Understanding environment
- Creating management options
- Encourage open discussion
- All of the above
28. Without top management commitment, the organization will
- Be able to make changes
- Not be able to make any changes
- Not be able to make effective changes
- None of the above
29. locus of control is
- A feeling
- Attitude
- Attribute
- None of the above
30. Entrepreneurial experience becomes increasingly important as
- Work load increases
- Complexity of venture increases
- Complexity of wok increases
- None of the above
31. Entrepreneurs are concerned about basic issues of:
- Sales, costs and benefits
- Customers, sales and costs
- Risk, costs and benefits
- None of the above
32. Licensing arrangements have
- Low risk process involved
- Easy way to generate incremental income
- Several pitfalls
- All of the above
33. Joint ventures have been used by entrepreneur:
- When the entrepreneur wants to purchase local knowledge
- When rapid entry in to the market is needed
- Both of the options given
- None of the above
34. A horizontal merger is
- Is the combination of firms in successive stages of production
- Is the combination of firms that produce closely related projects in same area
- Is the combination of firms that produce same products and sell in different areas
- None of the above
35. Main reason(s) for merger is (are)
- When synergy is present
- When complementary resources can be combined
- Economies of scale can be achieved
- All of the above
36. First stage of production planning and development processes is
- Idea stage
- Concept stage
- Establishing and evaluating criteria stage
- None of the above
37. One effective way to begin the marketing plan is
- To make a list of the information that will be needed to prepare the marketing plan.
- Gathering Data from Secondary Sources
- Gathering Information from Primary Sources.
- None of the options given
38. A focus group
- Is a sample of 10 or 12 potential investors who participate in a discussion?
- Is a sample of 10 or 12 potential employees who participate in a discussion?
- Is a sample of 10 or 12 potential customers who participate in a discussion?
- None of the options given
39. The situation analysis is
- Defining Target Market/Opportunities and Threats.
- Considering Strengths and Weaknesses
- A review of where the company has been and considers environmental factors.
- None of the options given
40. One of the difficult decisions
- Is about the distribution of the product
- Is determining the appropriate price for the product.
- Is about the promotion of the product
- None of the options given
41. Which of the following statement is true for marketing system?
- It is all about the internal envoi mental factors
- It identifies the major interacting components, both internal and external
- It's about the financial needs of the venture
- None of the options given
42. In setting marketing goals and objectives the entrepreneur must
- Set the price
- Distribution place
- Must satisfy customers
- None of the above
43. The financial plan provides a complete picture of:
- How much and when the funds are coming into the organization.
- Where the funds are going.
- How much cash is available?
- All of the options given
44. Before developing the pro forma income statement, the entrepreneur should
- Prepare operating budgets
- Capital budgets.
- None of the options given
- Both of the options given (a,b)
45. Which of the following statement is true?
- Cash flow is same as profit.
- Profit is the result of subtracting expenses from sales.
- Cash flow results from the difference between all cash available and cash payments.
- Cash flows only when actual payments are not made but only received.
46. Which of the statement is not true?
- The S Corporation combines the tax advantages of the partnership and the corporation.
- S Corporations represent almost half of all corporate filings.
- A popular new entity is the limited liability company (LLC)
- Limited liability Company (LLC) offers similar disadvantages as the S Corporation
47. What causes people to do something?
- Need for achievement
- Need for independence
- Motivation
- None of the mentioned options
48. Individuals who help the entrepreneur in business activities
- Role models
- Professional-support network
- Parents
- None of the mentioned options
49. The managers in an organization strongly supporting intrapreneurship is called -----------------------
- Top management commitment
- Upper management commitment
- Lower management intrapreneur
- Upper management intrapreneur
50. ------------- involves a manufacturer giving a foreign manufacturer the right to use a patent, trademark or technology in return for a royalty
- Licensing
- Turn-key projects
- Management contracts
- None of the mentioned options
51. Female entrepreneurs differ in terms of --------------------, -----------------------, and ---------------------------
- Motivation
- Business skills
- Occupational background
52. In brainstorming
- No criticism is allowed
- Quantity of ideas is desired
- None of the mentioned options
- Both of the mentioned options
53. A technique that asks questions about objects or ideas in an effort to develop a new idea is
- Heuristics
- Matrix charting
- Forced relationships
- Attribute listing
54. The solution development is:
- Big-Dream approach
- Parameter Analysis
- Creative synthesis
- None of the above
55. Perceived benefits /risks involve the following factors:
- Utility to customer
- Consumption habits
- Buying motives
- All of the above
56. A patent is
- A document between government and an inventor
- Grants holder protection from others making, using, or selling similar idea
- A public domain
- None of the above
57. Marketing mix includes:
- Product or service
- Financing
- Consumer
- Retailer
58. Which of the following statement is true for tax advantage of proprietorship?
- There is double tax on profits
- There is no capital stock tax or penalty for retained earnings
- Both of the options given
- None of the options given
59. Industry analysis should include information on:
- Market size of competitor's product
- Growth rate of suppliers
- New products entry
- Economic conditions
60. We need to update the business plan because............
- Environmental factors and internal factors can change the direction of the plan
- Goals set by the entrepreneurs may be unreasonable.
- Goals may not be measurable.
- Goals may not be specific
61. Marketing research involves the gathering of data in order to determine information as:
- Who will buy the product?
- What price should be charged?
- What is the most effective promotion strategy?
- All of the mentioned options
62. A set of reasons for engaging in a particular behavior, especially human behavior is known as _____________.
- Values
- Vision
- Entrepreneurship
- Motivation
63. Which of the following techniques is an excellent method for initially screening ideas and concepts in addition to generating new ideas?
- Focus group
- Brain storming
- Problem inventory analysis
- Reverse brainstorming
64. The creative process for problem solving that involves making the strange familiar in first step and then making the familiar strange through personal, direct or symbolic analogy is called _________.
- Synectics
- Gordon method
- Checklist method
- Scientific method
65. When the multiplicity of environments become too complex to handle, the international entrepreneurs often __________.
- Go for mergers
- Diversify
- Decentralize operations
- Sale out the foreign business
66. An entrepreneur into the hosiery business found out the reason his hosiery was not selling was due to its color. What could be the best source of this information?
- Supplier
- Retailer
- Competition
- Government bureau