MGT602 Quiz

MGT602 Quiz # 1 Entrepreneurship
Question # 1
Which of the following is alternatively called corporate venturing?
Select correct option:

Entrepreneurship
Entrepreneurship
Act of stating a new venture
Offering new products by an existing company

Question # 2
The entrepreneur’s_______________ depends on his perception of the opportunity.
Select correct option:

Commitment to opportunity
Commitment of resources
Control of resources
Strategic orientation

Question # 3
Factors contribute to the creation of new venture EXCEPT:
Select correct option:

Government
Finance
High interest rates
Role models

Question # 4
Which one of the following is a barrier to new product creation and development?
Select correct option:

Trial and error
Opportunity parameter
Opportunity cost
Intrapreneurship culture

Question # 5
An individual’s need to be recognized is called:
Select correct option:

Need for independence
Need for affiliation
Need of fame
Need for achievement

Question # 6
Following are the important aspects of international success EXCEPT:
Select correct option:

Planning
Diversification
Reporting
Control

Question # 7
In some countries, points of purchase displays are not allowed in retail stores. Such differences are studied by international entrepreneurs under __________ environment.
Select correct option:

Economic
Political
Cultural
Technological

Question # 8
Individuals influencing an entrepreneur’s career choice and style are known as:
Select correct option:

Role model
Moral-support network
Professional support network
Support system

Question # 9
When the multiplicity of environments become too complex to handle, the international entrepreneurs often __________
Select correct option:

Go for mergers
Diversify
Decentralize operations
Sale out the foreign business

Question # 10
The entrepreneur was distinguished from capital provider in:
Select correct option:

18th century
17th century
19th and 20th century
Middle ages