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Mgt602 VU Final Term Current Paper (Feb 2011)

Friday, February 25, 2011 Posted In Edit This
Mgt602 VU Final Term Current Paper (Feb 2011)

MY PAPER-MGT602

Total : 91 Marks
Total Questions : 69 
MCQs : 62
3 Marks Questions : 3
5 Marks Questions : 4


Question No: 1 ( Marks: 1 ) - Please choose one 
An individual's desirability to form a new venture depends upon all of the following except:
Culture
Family
Teachers
Personal savings

Question No: 2 ( Marks: 1 ) - Please choose one ...
The environment of an entrepreneurial oriented organization is called:
Corporate culture
Entrepreneurial culture
Intrapreneurial culture
Traditional culture

Question No: 3 ( Marks: 1 ) - Please choose one ...
Most of the finance for the new firm comes from following resources EXCEPT:
Friends
Foreign aid
Relatives
Personal savings

Question No: 4 ( Marks: 1 ) - Please choose one ...
GATT is established in 1947, under:
German leadership
French leadership
U.S. leadership
U.K. leadership

Question No: 5 ( Marks: 1 ) - Please choose one ...
Having more than 50% ownership position that provides the entrepreneur with managerial control is called:
Joint venture
Majority interest 
Horizontal merger
Diversified activity merger

Question No: 6 ( Marks: 1 ) - Please choose one ...
Which one of the following is an important source of idea generation due to their familiarity with the needs of market?
Existing products and services
Distribution channels
Federal government
Consumers

Question No: 7 ( Marks: 1 ) - Please choose one ...
Which of the following techniques is an excellent method for initially screening ideas and concepts in addition to generating new ideas?
Focus group
Problem inventory analysis
Brainstorming 
Reverse brainstorming

Question No: 8 ( Marks: 1 ) - Please choose one ...
Which one of the following is a longest lasting trade agreement with the objective of liberalizing trade by eliminating or reducing tariffs, subsidies and quotas?
Free trade area – FTA
European community – EC
General agreement on tariffs and trade – GATT 
The North American free trade agreement – NAFTA

Question No: 9 (Marks: 1) - Please choose one ... 
GATT is established in 1947, under: 
German leadership 
French leadership 
U.S. leadership 
U.K. leadership 

Question No: 10 (Marks: 1) - Please choose one ... 
Which one of the following gives suggestions for new product and also helps to market new products? 
Existing products and services 
Distribution channels
Federal government 
Consumers 

Question No: 11 (Marks: 1) - Please choose one ... (This was a lucky question as last one is also same) 
Members of distribution channels are excellent sources for new ideas because: 
They are familiar with the needs of the market
They earn a handsome profit from new business 
They do not bother if entrepreneur bears a loss 
They have well-developed sales force

Question No: 12 (Marks: 1) - Please choose one ... 
Which among the following ranks the highest in funding options for start ups to finance initial expenses?
Short term loans
Bank loans
Private investors
Credit cards

Question No: 13 (Marks: 1) - Please choose one ...
GEF stands for:
Global Execution Fund
Grant Entrepreneur Fund
Global Environmental Fund
Global Enterprises Fund

Question No: 14 (Marks: 1) - Please choose one ...
Front level managers have _____ Skill 
Select correct option: 
Conceptual
Communicational
Technical
All of the above

Question No: 15 (Marks: 1) - Please choose one ...
The _______ plan should contain control points to ascertain progress. 
Select correct option: 
Business 
Marketing 
Financial 
Operational


Question No: 16 (Marks: 1) - Please choose one ...
Which of the following is a separate entity that involves a partnership of two or more participants? 
Merger 
Joint venture 
Corporation 
Acquisition


Question No: 17 (Marks: 1) - Please choose one ...
Which one of the following ratios is a more rigorous test of the short-term liquidity of the venture?
Debt ratio
Activity ratio
Acid test ratio
Profitability ratio

Question No: 18 (Marks: 1) - Please choose one ...
Which of the following institute started the LMM financing scheme?
PSIC
SSIC
SIDB
IDBP

Question No: 19 (Marks: 1) - Please choose one ...
Which of the following statement provides projections of all operating expenses for each month of the first year?
The pro forma balance sheet
The pro forma income statement
The pro forma cash flow statement
The actual balance sheet


Question No: 20 (Marks: 1) - Please choose one ...
Which of the following best describes "industry analysis"?
It is an assessment of external uncontrollable variables that may impact the business plan
It reviews industry trends and competitive strategies 
It refers to the assessment of a business to deal with the planning, budgeting, monitoring, forecasting and improving of all financial details within an organization
It is the process by which companies determine what products or services may be of customers' interest


Question No: 21 (Marks: 1) - Please choose one ...
Which of the followings best describes "design patents"?
It grants the owner protection from anyone else making, using, and/or selling the invention
It covers the original and ornamental aspects of a product 
It covers certain types of plants
None of the given options

Question No: 22 (Marks: 1) - Please choose one ...
How many agencies control the Small Business Innovation Research (SBIR) grant program? 
10 Agencies
11 Agencies
12 Agencies
13 Agencies

Question No: 23 (Marks: 1) - Please choose one ...
Which of the following is another exit to the equity partnership arrangement?
Minor partnership 
General partnership 
Royalty partnership
Impartial partnership

Question No: 24 (Marks: 1) - Please choose one ...
In which of the following entity capital rising entirely depends on the entrepreneur?
Corporation
Sole Proprietorship
Partnership 
All of the above

Question No: 25 (Marks: 1) - Please choose one ...
Which of the following is an example of coined mark?
Kodak films
Apple computers 
Pantene Shampoo
Mobil oil

Question No: 26 (Marks: 1) - Please choose one ...
When two or more separate companies forming a new company, it is known as:
Merger 
Acquisition
Corporation
Joint venture

Question No: 29 (Marks: 1) - Please choose one ...
________ is usually represents one or more segments of the entire market.
Local market 
Target market
Market orientation
Market segmentation


Question No: 30 (Marks: 1) - Please choose one ...
In which of the following, banks are usually reluctant to give loan?
Sole Proprietor
Public Limited Companies
Partnership firm
Private Limited Companies

Question No: 31 (Marks: 1) - Please choose one ...
Which of the following plan describes market conditions and strategy related to products?
Production plan
Operational plan
Financial plan
Marketing plan

Question No: 32 (Marks: 1) - Please choose one ...
The marketing plan section should focus for the strategies for how many years?
First Year
First Three Years
First four years
First two years

Question No: 33 (Marks: 1) - Please choose one ...
Having less than 50 percent of equity share in an international venture is called:
Minority interest 
Joint venture
Majority interest
Exporting

Question No: 34 (Marks: 1) - Please choose one ...
The penetration growth strategy is all of the following, EXCEPT: 
Focuses on developing comparable products for the existing market
Relies on creating a new target market share
Expands the firm's product offering with comparable products
Encourages more frequent repeat purchases

Question No: 35 (Marks: 1) - Please choose one ...
Which of the following best describes the term "indirect exporting"?
It refers to selling goods made in one country to another country
It refers to buying and selling of commodities
It refers to a commercial activity of buying and bringing in goods from a foreign country
It refers to selling goods to another country through a person in the entrepreneur's home country

Question No: 36 (Marks: 1) - Please choose one ...
Which of the following statements describes "International entrepreneurship"?
It is the process of an entrepreneur conducting business activities across national boundaries
It is the process of an entrepreneur conducting business activities within the national boundaries
It is an innovative corporate management style that encourages employees within an organization to create new product ideas 
It is a business structure in which an individual and his company are considered a single entity for tax and liability purposes her problem...

Question No: 37 (Marks: 1) - Please choose one ...
There are many factors that make it possible to create a new venture. Identify the factor which must be there to put together the best total package of product, price, distribution and promotion needed for successful product launching.
Marketing
Finance
Research and Development
Advertising

Question No: 38 (Marks: 1) - Please choose one ...
In terms of chronological age, most entrepreneurs initiate their entrepreneurial carrier between ages of: 
15 and 22 
22 and 45 
45 and 57 
57 and 63

Question No: 39 (Marks: 1) - Please choose one ...
Short-term funds can be obtained by reducing all of following, EXCEPT:
Short-term assets
Cash
Fixed Assets
Inventory

Question No: 40 (Marks: 1) - Please choose one ...
The actual amounts of costs and profits are compared with budgeted amounts for a specific period through:
Interim income statement
Interim balance sheet
Pro forma income statement
Pro forma cash flows

Question No: 41 (Marks: 1) - Please choose one ...
Which of the following shows the characteristic of the corporation with reference to taxation system?
Single taxation system
Double taxation system
Triple taxation system
No taxation system

Q-63. What do you understand by pro forma cash flow statement? Discuss the two methods used to project cash flow. ... (3)
Q-64. Discuss the types of private investors available to an entrepreneur. ... (3)
Q-65. Discuss the corporate status of entrepreneurial venture in Pakistan. ... (3)
Q-66. What type of loan a bank gives to entrepreneur if entrepreneur has credit worthy clients? ... (5)
Q-67. How the costs and profits may be managed by the entrepreneur keeping in view the importance of interim income statement? ... (5)
Q-68. Discuss why contracts are considered important for entrepreneurs. ... (5)
Q-69. What are Small Business Administrative Loans? In what circumstances they are used by entrepreneur? (5)



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