FINAL TERM EXAMINATION
Spring 2010
MGT602- Entrepreneurship
Marks: 69
Question No: 25 ( 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: 26 ( Marks: 1 ) - Please choose one
A source of cash resulting from an entrepreneur selling the business is called:
► Earnings valuation
► Positive cash flow
► Negative cash flow
► Terminal value
Question No: 27 ( 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: 28 ( Marks: 1 ) - Please choose one
Most informal investors:
► Invest in firms that are geographically close
► Make many deals a year
► Are poorly educated
► Prefer to invest in multinational
Question No: 29 ( Marks: 1 ) - Please choose one
The purpose of decision support systems is to:
► Replace a manager’s judgment during the decision-making process
► Provide a predefined sequence of analysis during the process of problem solving
► Provide interactive assistance during the process of problem solving
► Automate a manager’s decision-making process
Question No: 30 ( Marks: 1 ) - Please choose one
Which one of the following is used to identify opportunity?
► Input from customers
► Input from channel members
► Input from business associates
► All of the given options
Question No: 31 ( 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: 32 ( Marks: 1 ) - Please choose one
Which of the following is required for a company that wants to be more flexible in adopting changes?
► Management commitment
► Contact with customers
► Technology
► More productivity
Question No: 33 ( Marks: 1 ) - Please choose one
Which of the following makes the formation of new venture difficult within a corporate culture?
► Lack of intrapreneurial talent
► Lack of freedom to make autonomous decisions
► Lack of market opportunity
► All of the given options
Question No: 34 ( Marks: 1 ) - Please choose one
NFC stands for:
► National Food Committee
► National Food Commission
► National Finance Corporation
► National Finance Commission
Question No: 35 ( Marks: 1 ) - Please choose one
Which of the following source of payments cannot be tracked for information on the type and amount of merchandise purchased?
► Debit card
► Master card
► Cross checque
► Foreign currency
Question No: 36 ( Marks: 1 ) - Please choose one
Which of the following factor is primarily based on pricing of the products?
► Cost
► Quality
► Economy
► Competition
Question No: 37 ( Marks: 1 ) - Please choose one
__________ is very influencing and inspiring others in the organization to strive to meet the mission of the venture.
► Quality
► Planning
► Leadership
► Benchmark
Question No: 38 ( Marks: 1 ) - Please choose one
The business deal between ‘Walls’ and ‘Polka’ is one of the examples of which of the following?
► Merger
► Synergy
► Acquisition
► Joint venture
Question No: 39 ( Marks: 1 ) - Please choose one
__________ is a highly important consideration in the acquisition decision process.
► Price
► Synergy
► Goodwill
► Structuring the deal
Question No: 40 ( 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: 41 ( 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: 42 ( Marks: 1 ) - Please choose one
Which of the following options can be very helpful to start-up new ventures?
► Seed Capital
► Infrastructure
► Technology
► Experience
Question No: 43 ( Marks: 1 ) - Please choose one
Which of the following is/are known as barriers to new product creation and development?
► Trial and error
► Opportunity parameters
► Opportunity cost
► Intrapreneurial culture
Question No: 44 ( Marks: 1 ) - Please choose one
Which of the following refers to an organization that wants to become more entrepreneurial?
► It must learn to be more productive with fewer resources
► It must learn to be more innovative with maximum resources
► It must learn to be more productive with maximum resources
► It must learn to be more centralized with fewer resources
Question No: 45 ( Marks: 1 ) - Please choose one
Identify the term which best describes the term “management contracts”?
► It refers to selling goods made in one country to another country
► It refers to buying and selling of commodities
► It is a commercial activity of buying and bringing in goods from a foreign country
► It is method of doing specific international task
Question No: 46 ( Marks: 1 ) - Please choose one
Which of the following statements best defines “forced relationship”?
► It refers to developing a new idea through a chain of word associations
► It refers to developing a new idea by looking at product combinations
► It refers to developing a new idea through inquiry and testing
► It refers to developing a new idea by evaluating the worth of aspects of ideas
Question No: 47 ( Marks: 1 ) - Please choose one
Which of the following sections of business plan should be prepared after the total plan is written?
► Introductory page
► Executive summary
► Environmental and industry analysis
► Description of venture
Question No: 48 ( Marks: 1 ) - Please choose one
Usually which of the following activity is NOT recorded by the manufacturers?
► Cash flows
► Raw material
► Consumers data
► Plant & machinery
Question No: 49 ( Marks: 3 )
Loan application is also called a “mini business plan”. Comment on this statement.
Question No: 50 ( Marks: 3 )
What is the educational and skill level of entrepreneurs in Pakistan?
Question No: 51 ( Marks: 5 )
What are the flexibilities that the law provides to S corporations?
Question No: 52 ( Marks: 5 )
Why it is recommended that entrepreneurs should write cheques weekly? Why should the canceled cheques be kept and maintained by the entrepreneurs?
Question No: 53 ( Marks: 5 )
How the costs and profits may be managed by the entrepreneurs, keeping in view the importance of interim income statement?
