Question # 1 of 20 ( Start time: 11:17:26 AM ) Total Marks: 1

The transitional disturbance and lack of reform has led to boom black market in:
Select correct option:

China
Hungary
Singapore
Poland ans




Question # 2 of 20 ( Start time: 11:17:55 AM ) Total Marks: 1
If inventory is low and the firm cannot meet demand, what will be the effect on sales?
Select correct option:

Sales will be low ans
Sales will be high
No effect on sales
None of the given options





Question # 3 of 20 ( Start time: 11:18:23 AM ) Total Marks: 1
Major contribution of export comes from:
Select correct option:

Leather goods
Surgical instrument
Sports goods

All of the given options



Question # 4 of 20 ( Start time: 11:19:29 AM ) Total Marks: 1
The decision to start a new business is taken when one perceives that forming a new business is:
Select correct option:

Possible
Desirable
Accurate
Both a and b ans


Question # 6 of 20 ( Start time: 11:20:59 AM ) Total Marks: 1
Which one of the following is the first step in the entrepreneurial process?
Select correct option:

Developing successful business ideas
Deciding to become an entrepreneur ans
Growing the entrepreneurial firm
Moving from an idea to an entrepreneurial firm



Question # 7 of 20 ( Start time: 11:21:23 AM ) Total Marks: 1
Which of the following shows the example of collateral?
Select correct option:

Real State
Shares
Tangible property

All of the given options ans


Question # 8 of 20 ( Start time: 11:21:49 AM ) Total Marks: 1
Which of the following is NOT essential part of the contract?
Select correct option:

All the parties involved should be named
Transaction should be described in detail
Obtain signatures of the persons involved
Place where contract takes place ans



Question # 10 of 20 ( Start time: 11:22:56 AM ) Total Marks: 1
Which of the following is a more structured method of problem solving, including principles and rules for concept formation, making observations and experiments, and finally validating the hypothesis?
Select correct option:

Scientific method ans
Heuristics
Attribute listing
Value analysis


Question # 11 of 20 ( Start time: 11:23:56 AM ) Total Marks: 1
“What the entrepreneur hopes to accomplish” includes in the
Select correct option:

Vision statement

Mission Statement ans

Goal Statement

All of the above


Question # 12 of 20 ( Start time: 11:25:13 AM ) Total Marks: 1
Health insurance premium is less expensive if there is:
Select correct option:

One insured participants
Ten participants
Large group of participants ans
Very small group of participants



Question # 12 of 20 ( Start time: 11:25:13 AM ) Total Marks: 1
Health insurance premium is less expensive if there is:
Select correct option:

One insured participants
Ten participants
Large group of participants ans
Very small group of participants




Question # 13 of 20 ( Start time: 11:26:43 AM ) Total Marks: 1
Which one of the following system is necessary for expansion and elimination of intrapreneurial units?
Select correct option:

Management
Evaluation ans
Reward
Training


Question # 14 of 20 ( Start time: 11:27:40 AM ) Total Marks: 1
In which of the following sources the large positive cash flow may need to be invested?
Select correct option:

Long term

Short term ans

Average term

None of the above options



Question # 15 of 20 ( Start time: 11:28:45 AM ) Total Marks: 1
Which of the following factor can create the managerial difficulties in the joint ventures between foreign companies?
Select correct option:

Cultural differences
Economic policies
Public ignorance
Government taxes ans



Question # 16 of 20 ( Start time: 11:29:39 AM ) Total Marks: 1
The entrepreneur must possess the abilities:
Select correct option:

Creative

Conceptualization

Understanding environment

All of the given options ans



Question # 17 of 20 ( Start time: 11:30:04 AM ) Total Marks: 1
Front level managers have _______ Skill
Select correct option:

Conceptual
Communicational
Technical ans

All of the above




Question # 18 of 20 ( Start time: 11:30:25 AM ) Total Marks: 1
In which of the following business, the records are needed to be maintained on the basis of monthly charges paid by the customers?
Select correct option:

Pharmaceutical
Service venture
Online venture ans
Auto industry




Question # 19 of 20 ( Start time: 11:31:49 AM ) Total Marks: 1
Which of the following budget is required for the purchase of new equipment?
Select correct option:

Sales Budget

Operational Budget

Capital Budget ans
Manufacturing Budget




Question # 20 of 20 ( Start time: 11:32:21 AM ) Total Marks: 1
Which one of the following is a method for obtaining new ideas and solutions by focusing on problems?
Select correct option:

Product inventory analysis
Gordon method ans
Checklist method
Scientific method




Question # 1 of 20 ( Start time: 11:34:36 AM ) Total Marks: 1
Which of the following statements about the intrepreneurial climate is (are) true?
Select correct option:

Trial and error are discouraged.
Resources of the firm need to be available and easily accessible ans
A multidisciplinary approach is discouraged.
Failures are not allowed



Question # 6 of 20 ( Start time: 11:37:52 AM ) Total Marks: 1
__________ may also be considered if there are no other effective options for hiring new talents.
Select correct option:

Personnel agencies
Retired personnel ans
Networking
References




Question # 7 of 20 ( Start time: 11:39:13 AM ) Total Marks: 1
__________ can maintain purchase history data on the types of produces purchased.
Select correct option:

Banks
Agencies
Online ventures ans
Manufacturing units




Question # 9 of 20 ( Start time: 11:40:03 AM ) Total Marks: 1
Which one of the following method shows the term which is related to starting from scratch to a bigger picture?
Select correct option:

Upward movement method ans
Incremental method
Downward movement method
None of the above options




Question # 10 of 20 ( Start time: 11:41:26 AM ) Total Marks: 1
Which of the following is NOT a characteristic of a marketing plan?
Select correct option:

It should be flexible

It should be long and detailed
It should be based on facts and valid assumptions
It should provide a strategy ans



Question # 11 of 20 ( Start time: 11:42:54 AM ) Total Marks: 1
Which of the following geographical area is having least interest to U.S. entrepreneurs?
Select correct option:

Europe
The Far East
Central Asia ans
Transition economies




Question # 12 of 20 ( Start time: 11:43:34 AM ) Total Marks: 1
Which of the following is the most important for the entrepreneur, while starting a new venture, to make an assessment of?
Select correct option:

Risk ans
Profit
Market
Competitors



Question # 13 of 20 ( Start time: 11:44:11 AM ) Total Marks: 1
It is proved that most businesses failed because of improper planning of an/a:
Select correct option:

Investor
Marketer
Entrepreneur ans
Consultant




Question # 14 of 20 ( Start time: 11:44:41 AM ) Total Marks: 1
Which one of the following ratios is a more careful test of the short-term liquidity of the venture?
Select correct option:

Debt ratio
Activity ratio
Acid test ratio ans
Profitability ratio




Question # 15 of 20 ( Start time: 11:45:32 AM ) Total Marks: 1
Why should an entrepreneur do a feasibility study?
Select correct option:

To see if there are possible barriers to success ans
To identify possible sources of funds
To estimate the expected sales
To explore potential customers




Question # 17 of 20 ( Start time: 11:46:34 AM ) Total Marks: 1
Army is one of the best examples of __________.
Select correct option:

Democracy
Hypocrisy
Autocracy ans
Theocracy




Question # 18 of 20 ( Start time: 11:47:23 AM ) Total Marks: 1
Which of the following is NOT part of entrepreneurial strategy?
Select correct option:

A feedback loop ans

Generation of a new entry opportunity
Expansion of an existing opportunity
Exploitation of a new entry opportunity




Question # 19 of 20 ( Start time: 11:47:50 AM ) Total Marks: 1
A marketing Plan answers the _______ types of questions
Select correct option:

1

2

3 ans

4



Question # 1 of 20 ( Start time: 11:51:15 AM ) Total Marks: 1
A typical inventor is usually ________________________.
Select correct option:

Highly creative & in love with the invention ans
Does not encourage change
Willing to modify the invention in order to augment commercial benefit
None of the given options



Question # 2 of 20 ( Start time: 11:51:33 AM ) Total Marks: 1
Entrepreneurial success has been significant because of the culture and the political and economic systems in _________.
Select correct option:

European countries
Asian countries ans
Transition economies
Middle East




Question # 3 of 20 ( Start time: 11:52:36 AM ) Total Marks: 1
The business plan should be prepared by:
Select correct option:

Entrepreneurs
Consultants ans
Engineers
Small business administration services




Question # 4 of 20 ( Start time: 11:53:01 AM ) Total Marks: 1
Which of the following are the key factors for choosing the type of financing?
Select correct option:

Availability of funds
Assets of the venture
Prevailing interest rates
All of the above options ans




Question # 5 of 20 ( Start time: 11:54:01 AM ) Total Marks: 1
The resources acquired from others(creditors, banks etc) are usually:
Select correct option:

Easily available
Difficult to obtain ans
Very useful
Very cheap




Question # 6 of 20 ( Start time: 11:55:12 AM ) Total Marks: 1
Which one of the following is the fourth step in the entrepreneurial process?
Select correct option:

Developing successful business ideas
Deciding to become an entrepreneur ans
Growing the entrepreneurial firm
Moving from an idea to an entrepreneurial firm




Question # 11 of 20 ( Start time: 12:07:50 PM ) Total Marks: 1
The combining of two or more independent bodies into a single body is known as:
Select correct option:

Joint venture
Merger ans
Rivalry
Protectionist attitudes




Question # 12 of 20 ( Start time: 12:08:31 PM ) Total Marks: 1
Which is one of the most important leadership qualities among managers and employees in the organization?
Select correct option:

Entrepreneurship
Communication ans
Motivation
Staffing




Question # 13 of 20 ( Start time: 12:09:08 PM ) Total Marks: 1
Which type of Job analysis enlists the qualification of individual?
Select correct option:

Job Description

Job Specification ans

Job identification

All of the above options




Question # 14 of 20 ( Start time: 12:18:54 PM ) Total Marks: 1
Which of the following is another exit to the equity partnership arrangement?
Select correct option:

Impartial partnership
General partnership
Royalty partnership ans
Minor partnership




Question # 15 of 20 ( Start time: 12:19:19 PM ) Total Marks: 1
Which one of the following has NO liability on the part of entrepreneur business?
Select correct option:

Partners

Board of advisors ans
Shareholders
Board of directors




Question # 18 of 20 ( Start time: 12:20:30 PM ) Total Marks: 1
Which of the following is alternatively called corporate venturing?
Select correct option:

Entrepreneurship ans

Intrapreneurship

Act of stating a new venture

Offering new products by an existing company




Question # 20 of 20 ( Start time: 12:21:25 PM ) Total Marks: 1
All of the following are essential to maintain secrecy EXCEPT:
Select correct option:

Train employees to refer sensitive questions to one person
Discuss business in public places ans
Provide escorts for all office visitors
Use simple security such as locked file cabinets



Question # 1 of 20 ( Start time: 12:22:54 PM ) Total Marks: 1
The assessment of the needed resources by the entrepreneur starts with:
Select correct option:

An appraisal of the entrepreneur’s present resources ans
An assessment of economic conditions of the country
A scanning of friends and family for funds
A survey of banks and other financial institutions in the area





Question # 5 of 20 ( Start time: 12:23:59 PM ) Total Marks: 1
In some countries, point of purchase displays are not allowed in retail stores. Such differences are studied by international entrepreneurs under __________ environment.
Select correct option:

Economic
Political
Cultural ans
Technological




Question # 8 of 20 ( Start time: 01:05:26 PM ) Total Marks: 1
Which one of the following is required to develop a good team for creating something new?
Select correct option:

Relationship with team members ans
Open discussion
Non flexible behavior
Discouragement of team member’s ideas