FINALTERM EXAMINATION
Fall 2009
MGT602- Entrepreneurship (Session - 1)
Question No: 1 ( Marks: 1 ) - Please choose one
The combining of two or more independent bodies into a single body is known as:
► Joint venture
► Merger
► Rivalry
► Protectionist attitudes
Question No: 2 ( 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: 3 ( Marks: 1 ) - Please choose one
Which one of the following is NOT an environmental factor?
► Economy
► Culture
► Technology
► Competition
Question No: 4 ( 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
► Brain storming
► Reverse brainstorming
Question No: 5 ( Marks: 1 ) - Please choose one
Developing a new idea through inquiry and testing is called:
► Heuristics
► Forced relationship
► Scientific method
► Value analysis
Question No: 6 ( Marks: 1 ) - Please choose one
Which of the following geographical area is of least interest to U.S entrepreneurs?
► Europe
► The Far East
► Central Asia
► Transition economies
Question No: 7 ( 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: 8 ( Marks: 1 ) - Please choose one
Which of the following is usually included in production plan?
► Pricing
► Evaluation of the weaknesses of the business
► Names of suppliers of raw materials
► Flow of orders for goods and/or services
Question No: 9 ( Marks: 1 ) - Please choose one
For the success of business plan the goals should be:
► Imaginary
► Specific
► Generalized
► Limitless
Question No: 10 ( Marks: 1 ) - Please choose one
Secondary data can be obtained from all of the following sources, EXCEPT:
► Magazine
► Bureau of statistics
► Focus group
► Internet
Question No: 11 ( 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: 12 ( Marks: 1 ) - Please choose one
The discussion among the people in focus group carries in which of the following ways?
► Formal Way
► Informal Way
► Convenient Way
► Problematic Way
Question No: 13 ( Marks: 1 ) - Please choose one
Which of the following is becoming the most important media for information and distribution?
► Distribution channel
► Internet
► Radio
► Salesperson
Question No: 14 ( 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: 15 ( Marks: 1 ) - Please choose one
In USA Public Limited Companies may have ______ Director/s
► 1
► 2
► 3
► 4
Question No: 16 ( Marks: 1 ) - Please choose one
In which of the following majority holds the management control?
► Partnership
► Corporation
► Limited liability company
► All of the given options
Question No: 17 ( Marks: 1 ) - Please choose one
Which of the following shows the characteristic of the partnership with reference to taxation system?
► Single taxation system
► Double taxation system
► Triple taxation system
► No taxation system
Question No: 18 ( Marks: 1 ) - Please choose one
Which of the following is the systematic assembly of all the facts about a job?
► Job Analysis
► Job Identification
► Job Description
► Job Specification
Question No: 19 ( Marks: 1 ) - Please choose one
A party in an agreement that usually supplies money and has a few responsibilities is known as:
► Limited partner
► Major partner
► Minor partner
► General partner
Question No: 20 ( Marks: 1 ) - Please choose one
Which of the following is a formalized method for obtaining funds from private investors?
► Private placement
► Private offering
► Regulation D
► Bootstrap financing
Question No: 21 ( Marks: 1 ) - Please choose one
LIFO method can be beneficial in following conditions, EXCEPT:
► If rising production costs are anticipated
► If the business and inventory are growing
► If the business has not computerized inventory control capability
► If the business is profitable
Question No: 22 ( Marks: 1 ) - Please choose one
Using which of the following, the entrepreneur values the underlying worth of the business based on its assets?
► Liquidity ratio
► Asset turnover
► Asset valuation
► Owners’ equity
Question No: 23 ( Marks: 1 ) - Please choose one
The mean age of entrepreneurial enterprises in Pakistan is:
► 12 years
► 15 years
► 20 years
► 22 years
Question No: 24 ( Marks: 1 ) - Please choose one
What is the percentage of Pakistani entrepreneurs that have college education?
► 30%
► 10%
► 60%
► 45%
Question No: 25 ( Marks: 1 ) - Please choose one
Record keeping usually starts in which of the following stage?
► Idea Generation
► Idea Development
► Post Project
► None of the given options
Question No: 26 ( Marks: 1 ) - Please choose one
In order to make organization more flexible and responsive it should tend towards which of the following?
► Centralization
► Decentralization
► Employee Motivation
► Less vulnerable to change
Question No: 27 ( Marks: 1 ) - Please choose one
The entrepreneur was distinguished from capital provider in:
► Middle ages
► 18th century
► 17th century
► 19th and 20th century
Question No: 28 ( Marks: 1 ) - Please choose one
An entrepreneur is a person who is a:
► Risk taker
► Initiator
► Actor
► All of the given options
Question No: 29 ( Marks: 1 ) - Please choose one
Which of the following is alternatively called corporate venturing?
► Entrepreneurship
► Intrapreneurship
► Act of stating a new venture
► Offering new products by an existing company
Question No: 30 ( Marks: 1 ) - Please choose one
Which one of the following is not the intrapreneurial leadership characteristic?
► Understands environment
► Encourage the team work
► Not flexible
► Persistent
Question No: 31 ( Marks: 1 ) - Please choose one
Degree of influence and control on other people is called:
► Locus of control
► Locomotion of control
► Locust of control
► Loss of control
Question No: 32 ( 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: 33 ( Marks: 1 ) - Please choose one
The most often used type of funds in the companies is/are known as:
► Personal funds
► Internal funds
► External funds
► All of the given options
Question No: 34 ( Marks: 1 ) - Please choose one
Which one of the following private investors is NOT a final source of funds for the entrepreneurs?
► Friends
► Barbers
► Financial planers
► Technical experts
Question No: 35 ( Marks: 1 ) - Please choose one
Which of the following factor is primarily based on pricing of the products?
► Cost
► Quality
► Economy
► Competition
Question No: 36 ( Marks: 1 ) - Please choose one
It may be desirable to make all payments on time to establish credibility with __________.
► Consumers
► Retailers
► Suppliers
► Entrepreneurs
Question No: 37 ( Marks: 1 ) - Please choose one
The ratio helps to measure the liquidity of accounts receivable or the ability of the venture to collect from its customers is known as:
► Inventory turnover
► Return on investment
► Average collection period
► None of the given options
Question No: 38 ( 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: 39 ( Marks: 1 ) - Please choose one
Which of the following combination can helpful for achieving targets to greater than that predicted?
► Merger
► Synergy
► Acquisition
► Joint venture
Question No: 40 ( Marks: 1 ) - Please choose one
Which of the following type of business is very easy to form in the Pakistan?
► SME
► Synergy
► Consortium
► Corporation
Question No: 41 ( Marks: 5 )
What are the different reasons that lead to the failure of some business plans?
Question No: 42 ( Marks: 5 )
What is Small Business Administration Loans? In what circumstances they are used by entrepreneurs?
Question No: 43 ( Marks: 10 )
Suppose you are working in ABC Company as Marketing Manager. Your company wants to launch a new venture in the Service based business. What steps your marketing plan will include?
Question No: 44 ( Marks: 10 )
Suppose you are hired by an entrepreneur who is not capable of assessing the need of financial plan. How would you suggest him the basic characteristics of good financial plan?
Question No: 45 ( Marks: 10 )
When and why the Punjab Small Industries Corporation (PSIC) was established? How it is helpful in promoting small industries?
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