MGT602 MIDTERM FALL 2010

Anindividual’s need to be recognized is called:
► Need forindependence
► Need foraffiliation
► Need offame
► Need for achievement


There is an evidence that an entrepreneur usuallyhas________________ parents.

Selfemployed
Discouraged
Non supportive
Strict


The difference between the value of a country’s imports andexports over time is called:
► Deficit exports
► Deficit imports
► Balance ofpayment
► Balance of debt


Which one of the following is a process of selling goods toother countries?
► Non equity arrangements
► Management contracts
► Exporting
► Direct foreign investment


Which one of the following is NOT an internal factor?

Newtechnology
Manufacturing
Marketing
Personnel

Which one of the following reviews the trends andcompetitive strategies?
Environmentalanalysis
Product forecast
Contingency plan
Industry analysis


Entrepreneur is the person who is

Initiator
Actor
Risk taker
All ofthe given option


Individualswho help the entrepreneur in business activities are called:
► Role models
► Moral support networks
► Professional support networks
► Business support networks



Whichone of the following is NOT included in four C’s evaluation by lender?
► Character
► Cost
► Continuity
► Contribution



In which of the following era entrepreneur enters into acontract with government to perform a service?
► Earliest period
► Middle ages
► 17thcentury
► 20th century


The decision to start new business when on perceives thatforming new business is

Possible not sure
Undeceive
Inaccurate
Dependable



Gazelles are the firms with:
► High growth rate
►Moderate growth rate
►Zero growth rate
►Low growth rate


The resistance of employees in an organization againstflexibility, growth, and diversification can be overcome by developing which ofthe following?
► Entrepreneurship
► Intrapreneurship
► Managerial domain
► Administrative domain


Which of the following makes the formation of new venturedifficult within a corporate culture?
Lack of intrapreneurial talent
Lack offreedom to make autonomous decisions
Lack of market opportunity
All of the given options

Whichof the following factor does not affect a person for being an entrepreneur?
► Nationality
► Education
► Personal values
► Work history


In which one of the followingcountries the entrepreneurial success has been significant because of theculture, the political and economic systems?
► European countries
► Asiancountries
► Far East countries
► Middle East countries



Female entrepreneurs differ frommale entrepreneurs in terms of all of the following EXCEPT:
► Motivation
► Business skills
► Departure point
► Goalorientation


Professional support network includes all of the following
EXCEPT

Personal affiliations
Mentor
Trade associations
Friends



It has beenobserved that usually the entire country is organized under single:
► Economic system
► Culture
► Livingstandard
► Legalenvironment


Which of the following is NOT an important aspect ofInternational success?
► Planning
► Diversification
► Reporting
► Control


Identify thereason when The entrepreneur was distinguished from capital provider in 18^Thcentury due to
► Technologicaladvancement
►Recession
► Economic crisis
► Insufficient capital


Whichof the following options can be very helpful to start-up new ventures?
► Seed Capital
►Infrastructure
► Technology
► Experience


Which of thefollowing statements describes “International entrepreneurship”?

► It isthe process of an entrepreneur conducting business activities across nationalboundaries
► It is theprocess of an entrepreneur conducting business activities within the nationalboundaries
► It is aninnovative corporate management style that encourages employees within anorganization to create new product ideas
► It is abusiness structure in which an individual and his company are considered asingle entity for tax and liability purposes

Whichof the following denote no relationship between the mark and the goods orservices?
► Coinedmarks
► Arbitrarymarks
► Suggestivemarks
► Descriptivemarks


Which of thefollowing best describes “industry analysis”?
► It is an assessmentof external uncontrollable variables that may impact the business plan
► It reviews industry trends and competitivestrategies
► It refers to theassessment of a business to deal with the planning, budgeting, monitoring, forecastingand improving of all financial details within an organization
► It is the process bywhich companies determine what products or services may be of customers’interest


Whichof the following make the business plan difficult to control and implement?
► Too general goals and objectives
► Too specificgoals and objectives
► Realisticgoals and objectives
► None of thegiven options




Which of thefollowings is NOT followed in brainstorming?
► Criticism is done by the groupmembers
►The wilder idea is better
►Quantity of ideas is required
►The session should be fun, with no on dominating the discussion



Onemcq I don’t remember





Subjectiveportion

Q= what is trademark ? what are itscategories? 5
Q=Elaborate situation of entrepreneur in far east ? 5
Q=whatis meant by majority interest? And its purpose to serve ? 3
Q=Brieflyexplain business method patent with example? 3