FINAL TERM EXAMINATION
Spring 2010
MGT602- Entrepreneurship
Marks: 69
Question No: 1 ( Marks: 1 ) - Please choose one
Automated stock replenishment, electronic selling and processing of customers orders and payments are examples of:
► E-business
► E-commerce
► E-trading
► E-transaction
Question No: 2 ( Marks: 1 ) - Please choose one
A utility patent has a term of:
► 10 years
► 40 years
► 20 years
► 80 years
Question No: 3 ( Marks: 1 ) - Please choose one
The business plan is an integration of functional plans such as:
► Marketing, finance, manufacturing, and human resources
► Marketing, Management, human resources, and operations management
► Advertisement, Management, Marketing, and Finance
► Manufacturing, Human resources, Management, and Human Resource
Question No: 4 ( Marks: 1 ) - Please choose one
The marketing plan usually focuses on strategies and, for the first year goals and strategies should be projected to which of the following period?
► Daily
► Weekly
► Monthly
► Quarterly
Question No: 5 ( Marks: 1 ) - Please choose one
For the success of business plan the goals should be:
► Imaginary
► Specific
► Generalized
► Limitless
Question No: 6 ( 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: 7 ( Marks: 1 ) - Please choose one
What are the number of questions a marketing plan usually answers?
► 5
► 2
► 3
► 4
Question No: 8 ( Marks: 1 ) - Please choose one
Which of the following shows the charectiristic of the venture that has experience in related business?
► Strength
► Weakness
► Opportunity
► Threat
Question No: 9 ( 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: 10 ( Marks: 1 ) - Please choose one
Which of the following represents the environment in which entrepreneurship can’t grow?
► Boom
► Vacuum
► Maturity
► Introductory Phase
Question No: 11 ( Marks: 1 ) - Please choose one
"What the entrepreneur hopes to accomplish" includes in which section of business plan?
► Vision statement
► Mission
► Goal Statement
► All of the above
Question No: 12 ( Marks: 1 ) - Please choose one
Which type of Job analysis enlists the qualification of individual?
► Job Description
► Job Specification
► Job identification
► All of the above options
Question No: 13 ( Marks: 1 ) - Please choose one
Before developing the pro forma income statement, the entrepreneur should prepare:
► Operating budget
► Capital budget
► Sales budget
► Both operating and capital budgets
Question No: 14 ( Marks: 1 ) - Please choose one
Which of the following shows the results from the difference between actual cash receipts and cash payments?
► Revenue
► Profit
► Cash flow
► Income statement
Question No: 15 ( Marks: 1 ) - Please choose one
Which one of the following is a good option for the entrepreneur at the time of initial planning phase with reference to the expenses?
► Moderate
► Lavish
► Conservative
► Inert
Question No: 16 ( Marks: 1 ) - Please choose one
Which of the following method shows the term that is related to starting from scratch to a bigger picture?
► Upward movement method
► Incremental method
► Downward movement method
► None of the above options
Question No: 17 ( Marks: 1 ) - Please choose one
What is the primary concern of entrepreneurs, who trade equity for their growing venture?
► Control
► Valuation
► Investor capabilities
► Capitalization
Question No: 18 ( Marks: 1 ) - Please choose one
Which of the following shows the characteristic of line of credit?
► Less commonly used
► Involvement of commitment fee
► Can be replaced with Long term loan
► Better option for perishable inventory
Question No: 19 ( Marks: 1 ) - Please choose one
In which of the following techniques, money is given to a firm for developing a technology and involves a tax shelter?
► Small business administration loans
► Cash flow financing
► Small business innovation research grant
► Research and development limited partnership
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
Who is usually the best role model for the employees?
► Line managers
► Competitors
► Trainer
► Entrepreneur
Question No: 22 ( 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: 23 ( Marks: 1 ) - Please choose one
Which of the follwoing is the most important factor in internet advertising?
► Appearing banner ads
► Launching pop-ups
► Creating website
► Online customer service
Question No: 24 ( Marks: 1 ) - Please choose one
Which of the following provides a good opportunity to demonstrate products to potential customers?
► Publicity
► Internet
► Trade show
► Personal selling
