Question # 3 of 20 ( Start time: 01:04:57 PM ) Total Marks: 1

In a ______________, bonds can be used to raise capital.

Select correct option:

Sole Proprietor
General Partnership
Corporation
Limited Partnership

Question # 2 of 20 ( Start time: 01:04:29 PM ) Total Marks: 1

Degree of influence and control on other people is called:
Select correct option:

Locus of control
Locomotion of control
Locust of control
Loss of control

Question # 4 of 20 ( Start time: 01:05:22 PM ) Total Marks: 1

Following are the types of non equity arrangements EXCEPT:
Select correct option:

Licensing
Management contracts
Direct export
Turnkey projects

Following are the important aspects of international success EXCEPT:

Select correct option:

Planning
Diversification
Reporting
Control

In USA Public Limited Companies may have ______ Director/s

Select correct option:

1
2
3
4

There is an evidence that an entrepreneur usually has _______________ parents.

Select correct option:
Self employed
Discouraged
Non supportive
Strict

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
A multidisciplinary approach is discouraged.
Failures are not allowed

Which one of the following culture that has a climate and reward system that favor
conservative decision making?
Select correct option:

Entrepreneurial
Intrapreneurial
Corporate
None of the given options

Professional support network includes following EXCEPT:

Select correct option:

Personal affiliations
Mentor
Trade associations
Friends

Why should an entrepreneur do a feasibility study?

Select correct option:

To see if there are possible barriers to success

To identify possible sources of funds
To estimate the expected sales
To explore potential customers

The entrepreneur was distinguished from capital provider in:

Select correct option:

18th century
17th century
19th and 20th century
Middle ages
What is the primary concern of founders who trade equity for capital for their growing
venture?
Select correct option:

Capitalization page 85
Investor capabilities
Valuation
Control

According to McClelland’s need theory, entrepreneurs possess which of the following

needs?
Select correct option:

Need for achievement

Need for power
Need for affiliation
Need for esteem

Which one of the following is a firm that achieves modest growth?

Select correct option:

High potential growth firm

Foundation firm (Doubtful)
Life style
Public company

The assessment of the needed resources by the entrepreneur starts with:

Select correct option:

An appraisal of the entrepreneur’s present resources

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

Which of the following receives highest investment?

Select correct option:

High potential venture

Foundation firm
Life style
Public company

LLC is more flexible than

Select correct option:
S Corporation
Limited Partnership
Sole Proprietor
All of the above

Which of the following is included in the description of the business?

Select correct option:

Location
Products offered
History
All of the given options

Gazelles are the firms with:

Select correct option:

High growth rate

Moderate growth rate
Zero% growth rate
Low growth rate

Following are the important aspects of international success EXCEPT:

Select correct option:

Planning
Diversification page 26
Reporting
Control

Banks are usually reluctant to give loan to the

Select correct option:

Private Limited Companies

Partnership firm
Public Limited Companies
Sole Proprietor

Which of the following is the best option for starting the business with equity financing?
Select correct option:

Sole Proprietor
Corporation
Partnership firm
None of the above

A typical inventor is usually ________________________.

Select correct option:

Highly creative & in love with the invention

Does not encourage change
Willing to modify the invention in order to augment commercial benefit
None of the given options

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
Growing the entrepreneurial firm
Moving from an idea to an entrepreneurial firm

Which one of the following is NOT an external factor?

Select correct option:

New regulations
Competition
Social changes
Manufacturing

The marketing perspective of business plan considers the venture through the eyes of:
Select correct option:

Investor
Customer
Entrepreneur
Marketing manager

Question # 20
Entrepreneur may start his business by considering following number/s of option/s
Select correct option:

1
2
3 (doubtful)
4

Question # 19
Which of the following gives the owners a negative right, preventing anyone from
making, using, or selling the invention?
Select correct option:
Patent
Copyright
Trade mark
Trade secret

Question # 18 A marketing Plan answers the _______ types of questions

Select correct option:

1
2
3
4

Question # 17
In stage of responsibility allocation process the entrepreneur follows:
Select correct option:

Highly centralized decision making process

Highly decentralized decision making process
Somewhat centralized decision making process
No particular standard

Question # 16 of 20 ( Start time: 07:47:23 PM ) Total Marks: 1

Government can help in forming new venture by providing:
Select correct option:

Finance
Technology
Infrastructure
Subsidiaries

Question # 15
Targeting the market consists of ______ Procedures
Select correct option:

1
2
3
4
Question # 14
Which of the following techniques is an excellent method for initially screening ideas and
concepts in addition to generating new ideas?
Select correct option:

Focus group
Problem inventory analysis (Doubtful) page 35
Brain storming
Reverse brainstorming

Question # 13
Which one of the following is a firm that achieves modest growth?
Select correct option:

High potential growth firm

Foundation firm
Life style
Public company

Question # 12
The ______ plan describes how the product will be distributed and priced.
Select correct option:

Financial
Production
Venture
Marketing

Question # 11
Selling goods to another country through a person in the entrepreneur’s home country is
known as:
Select correct option:

Trading
Direct export
Indirect export
Domestic sales
Question # 10
Which one of the following insurance is required by law?
Select correct option:

Life insurance
Property insurance
Disability and vehicle coverage
Health care coverage

Question # 9 which of the following can not be covered under the copyright protection?
Select correct option:

Computer software
Computer hardware
Poems and songs
Models and sculpture

Question # 8
The business plan should be prepared by:
Select correct option:

Entrepreneurs
Consultants
Engineers
Small business administration services

Question # 7
Which of the following is NOT a requirement of Disclosure Document?
Select correct option:

Description of the invention

Claims for invention’s usefulness
Photos of invention
Cover letter

Question # 6
The product life cycle starts with which stage of product planning and development
process?
Select correct option:
Test marketing stage
Product development stage
Commercialization stage
Product planning and development process is a part of product life cycle

Question # 5
What is the primary concern of founders who trade equity for capital for their growing
venture?
Select correct option:

Capitalization
Investor capabilities
Valuation
Control

Question # 4
Which of the following has a contradictory relationship with an individual for being an
entrepreneur?
Select correct option:

His birth order

Parents’ social status
Parents’ occupation
Relationship with parents

Question # 3
Which one of the Following is the way by which an entrepreneur can enter into
international business?
Select correct option:

Export
Non equity arrangements
Direct foreign investment
All of the given options
Question # 2
Idea of new product is tested in potential consumers to determine consumer acceptance at
_________ stage.
Select correct option:

Concept
Product development
Test marketing
Commercialization

Question # 1
Which one of the factors should be considered while assessing the space for business?
Select correct option:

Parking
Access from roadways to facility
Delivery rates
All of the given options

Which one of the following is the main problem for the entrepreneur in the beginning?
Select correct option:

Lack of experience
Limited resources
Lack of education
None of the given options

In this mcq all options are right so I m confused to select one option but if u have finance
then u start ur business so the none of the given is my answer

Which of the following is essential if your business deals with the Paper production?.
Select correct option:

Operational Plan
Bank loan
Production plan
Organizational plan

Entrepreneurial success has been significant because of the culture and the political and
economic systems in _________.
Select correct option:
European countries
Asian countries
Transition economies
Middle East

The importance of intellectual property should be understood by entrepreneur even

before:
Select correct option:

Hiring a manager
Engaging an attorney
Developing a product
Establishing new venture

It is proved that most businesses failed because of improper planning of an/a:

Select correct option:

Investor
Marketer
Entrepreneur
Consultant

Following are the types of non equity arrangements EXCEPT:

Select correct option:

Licensing
Management contracts
Direct export
Turnkey projects

___________ process of creating incremental wealth is called Entrepreneurship.

Select correct option:

Dynamic
Static
Continuous
Systematic

An individual’s need to be recognized is called:

Select correct option:

Need for independence

Need for affiliation
Need of fame
Need for achievement
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
Growing the entrepreneurial firm
Moving from an idea to an entrepreneurial firm

Foundation companies are formed from:

Select correct option:

Fashion
Most popular business
A winding up company
Research and development

A marketing Plan answers the _______ types of questions

Select correct option:

1
2
3
4

On the part of entrepreneur which of the following has/ have a great concern to the
Investors
Select correct option:

Experience
Commitment
Knowledge
All of the above

Sales revenue of the internet based business can be projected from the:
Select correct option:

Number of customers
Number of Hits
Number of clicks
All of the above options

Government can help in forming new venture by providing:

Select correct option:

Finance
Technology
Infrastructure
Subsidiaries

Which of the following would be an advantage of starting a new business over

acquisition?
Select correct option:

Established customer base

Customer response to location
Existing employees
All of the above

Which one of the following culture that has a climate and reward system that favor
conservative decision making?
Select correct option:

Entrepreneurial
Intrapreneurial
Corporate
None of the given options

Question # 1 of 20 ( Start time: 05:17:31 PM ) Total Marks: 1

Which of the following contains all backup material that is not included in the text of
business plan?
Select correct option:
History of entrepreneur
Financial plan
Appendix
Bibliography

Question # 2 of 20 ( Start time: 05:18:55 PM ) 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
Manufacturing Budget

Quiz Start Time: 05:17 PM

Time Left 79
sec(s)
Question # 3 of 20 ( Start time: 05:20:21 PM ) Total Marks: 1
Which of the following statements about the entrepreneurial climate is (are) true?
Select correct option:
 Trial and error are discouraged.
Resources of the firm need to be available and easily accessible
A multidisciplinary approach is discouraged.
Failures are not allowed

Quiz Start Time: 05:17 PM

Time Left 84
sec(s)
Question # 4 of 20 ( Start time: 05:21:49 PM ) Total Marks: 1
Female entrepreneurs differ from male entrepreneurs in terms of following EXCEPT:
Select correct option:
Motivation
Business skills
Departure point
Goal orientation

Quiz Start Time: 05:17 PM

Time Left 81
sec(s)
Question # 5 of 20 ( Start time: 05:23:19 PM ) Total Marks: 1
Which one of the following is the main problem for the entrepreneur in the beginning?
Select correct option:
Lack of experience
Limited resources
Lack of education
None of the given options

Quiz Start Time: 05:17 PM

Time Left 72
sec(s)
Question # 6 of 20 ( Start time: 05:24:38 PM ) Total Marks: 1
Which of the following grants the owner protection from anyone else making, using and
selling the identified innovation?
Select correct option:
Utility patent
Design patent
Plant patent
International patent

Quiz Start Time: 05:17 PM

Time Left 85
sec(s)
Question # 7 of 20 ( Start time: 05:25:43 PM ) Total Marks: 1
Professional support network includes following EXCEPT:
Select correct option:
Personal affiliations
Mentor
Trade associations
Friends

Quiz Start Time: 05:17 PM

Time Left 87
sec(s)
Question # 8 of 20 ( Start time: 05:27:06 PM ) Total Marks: 1
Which of the following firm achieves modest growth:
Select correct option:
High potential growth firm
Foundation firm (Doubtful)
Life style
Public company
Quiz Start Time: 05:17 PM
Time Left 87
sec(s)
Question # 9 of 20 ( Start time: 05:28:31 PM ) 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
Incremental method
Downward movement method
None of the above options

Question # 10 of 20 ( Start time: 05:29:59 PM ) Total Marks: 1

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:
Select correct option:
Synectics
Gordon method
Checklist method
Scientific method

Question # 11 of 20 ( Start time: 05:31:24 PM ) Total Marks: 1

Which one of the following is important for international business to avoid trade barriers?
Select correct option:
Protectionist attitude
 Entrepreneurial partnering
Free trade areas (doubtful)
None of the given options

Question # 12 of 20 ( Start time: 05:32:47 PM ) Total Marks: 1

The Marketing Plan section should focus for the strategies of
Select correct option:
First Year
First two years
First Three Years
First four years

Question # 13 of 20 ( Start time: 05:33:30 PM ) Total Marks: 1

A contract must be signed by:
Select correct option:
At least one party
Both the parties
Not necessary to sign
By third party

Question # 14 of 20 ( Start time: 05:34:55 PM ) Total Marks: 1

Members of distribution channels are excellent sources for new ideas because:
Select correct option:
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 # 15 of 20 ( Start time: 05:35:41 PM ) Total Marks: 1

Being one’s own boss is a need of:
Select correct option:
Independence
Achievement
Affiliation
Authority

Question # 16 of 20 ( Start time: 05:36:20 PM ) Total Marks: 1

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 # 17 of 20 ( Start time: 05:37:46 PM ) Total Marks: 1

The most important characteristic of a successful business website is::
Select correct option:
Speed
Innovation
Graphics
Products

Question # 18 of 20 ( Start time: 05:38:29 PM ) Total Marks: 1

Which one of the following is NOT the problem in developing the economies of different
under developed countries ?
Select correct option:
Gap of knowledge
Variable rate of return
Same communication style
Different accounting system

Question # 19 of 20 ( Start time: 05:39:59 PM ) Total Marks: 1

In an international perspective, which of the following decisions are NOT covered under
strategic planning of an entrepreneur?
Select correct option:
What are unique characteristics of each market?
Who should be involved in marketing decisions?
What customer benefits are provided by the product?
What are the company’s major strengths and weaknesses?

Question # 20 of 20 ( Start time: 05:41:20 PM ) Total Marks: 1

Front level managers have _______ Skill
Select correct option:
Conceptual
Communicational
Technical
All of the above