MGT602 Mid Term Paper Spring 2010

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MGT602 Mid Term Paper
Spring May 2010

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Q1 What is Business Plan? Why it is necessory to write a Business Plan? (3
Marks)

Q2 What is the Rank of Entrepreneurship in European Countries? (5 Marks)

Q3 What is Trade Mark? Describe its categories? (5 Marks)

[viki]

hmmm that is not complete wait i will post it

[viki]

Question No: 1 ( Marks: 1 ) - Please choose one
The level at which an individual is viewed by society is called:

► Financial status
► Qualification
► Social status
► Achievement

Question No: 2 ( Marks: 1 ) - Please choose one
Which one of the following is the next stage to the Concept Stage of Product Planning and Development Process?

► Idea Stage
► Product Planning Stage
► Product Development Stage
► Test Marketing Stage

Question No: 3 ( Marks: 1 ) - Please choose one
Which one of the following is NOT included in four C’s evaluation by lender?

► Character
► Cost
► Continuity
► Contribution

Question No: 4 ( Marks: 1 ) - Please choose one
Which of the following is NOT essential part of the contract?

► All the parties involved should be named
► Transaction should be described in detail
► Obtain signatures of the persons involved
► Place where contract takes place

Question No: 5 ( Marks: 1 ) - Please choose one
Which one of the following is the way by which an entrepreneur can enter into international business?

► Export
► Non equity arrangements
► Direct foreign investment
► All of the given options

Question No: 6 ( 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: 7 ( Marks: 1 ) - Please choose one
Andrew Carnegie is an example of entrepreneur of which century:

► Earliest period
► 19th and 20th century
► Middle ages
► 17th century

Question No: 8 ( Marks: 1 ) - Please choose one
Which of the following two work environments should be good for spawning the new enterprises?

► Finance and marketing
► Finance and R&D
► Marketing and R&D
► Marketing and IT

Question No: 9 ( Marks: 1 ) - Please choose one
Most of the finance for the new firm comes from following resources EXCEPT:

► Friends
► Foreign aid
► Relatives
► Personal savings

Question No: 10 ( Marks: 1 ) - Please choose one
What is the process by which individuals pursue opportunities without regard to resources they currently control?

► Startup management
► Entrepreneurship
► Financial analysis
► Feasibility planning

Question No: 11 ( Marks: 1 ) - Please choose one
Which one of the following is a firm that achieves modest growth?

► High potential growth firm
► Foundation firm
► Life style
► Public company

Question No: 12 ( Marks: 1 ) - Please choose one
Which of the following factors is the most important in forcing U.S companies to focus on new product development and increased productivity?

► Entrepreneurship
► Hyper competition
► Governmental laws
► Organizational culture

Question No: 13 ( Marks: 1 ) - Please choose one
Which of the following typical culture has a climate and reward system that favors conservative decision making?

► Entrepreneurial
► Intrapreneurial
► Corporate
► None of the given options

Question No: 14 ( Marks: 1 ) - Please choose one
What takes place during the product-evolution process?

► Innovation is developed and commercialized through entrepreneurial activity
► The product/service is evaluated and any scope of further development is charted
► The business branches into separate units of development and marketing
► The product/service is evaluated to identify its global marketability

Question No: 15 ( Marks: 1 ) - Please choose one
All the following qualities are requisites for an entrepreneur Except:


► Driven by perception of opportunity
► Learning from business failure
► Cognitive adaptability
► Effectuation

Question No: 16 ( Marks: 1 ) - Please choose one
Which one of the following factor does not differ in motivating male and female entrepreneurs?

► Independence
► Money
► Job satisfaction
► Opportunity

Question No: 17 ( Marks: 1 ) - Please choose one
Female entrepreneurs differ from male entrepreneurs in terms of all of the following EXCEPT:

► Motivation
► Business skills
► Departure point
► Goal orientation

Question No: 18 ( Marks: 1 ) - Please choose one
Which one of the following may need the business plan?

► Employees
► Investors
► Advisors
► All of the given options

Question No: 19 ( Marks: 1 ) - Please choose one
Which of the following refers to new products with some technological change?
► Ordinary innovation
► Technological innovation
► Breakthrough innovation
► Technical innovation

Question No: 20 ( 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: 21 ( Marks: 1 ) - Please choose one
According to research, when do the female entrepreneurs tend to start their first significant venture?
► In their mid 20s
► In their mid 30s
► In their mid 40s
► In their mid 50s

Question No: 22 ( Marks: 1 ) - Please choose one
Which of the following statements describes “International entrepreneurship”?
► It is the process of an entrepreneur conducting business activities across national boundaries
► It is the process of an entrepreneur conducting business activities within the national boundaries
► It is an innovative corporate management style that encourages employees within an organization to create new product ideas
► It is a business structure in which an individual and his company are considered a single entity for tax and liability purposes

Question No: 23 ( Marks: 1 ) - Please choose one
Which of the following best describes the term “indirect exporting”?
► It refers to selling goods made in one country to another country
► It refers to buying and selling of commodities
► It refers to a commercial activity of buying and bringing in goods from a foreign country
► It refers to selling goods to another country through a person in the entrepreneur’s home country

Question No: 24 ( 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: 25 ( Marks: 1 ) - Please choose one
Which of the following best defines “minority interest”?
► It refers to having less than 50 percent ownership position
► It refers to forming a third company by combining two companies
► It refers to having more than 50 percent ownership position
► It refers to selling goods made in one country to another country

Question No: 26 ( Marks: 1 ) - Please choose one
In which of the following centuries the people of Malaysia peninsula were converted from Islam?
► 14th century
► 15th century
► 16th century
► 17th century

Question No: 27 ( Marks: 1 ) - Please choose one
Identify the statement which best defines “reverse brainstorming”.
► It refers to groups of individuals providing in a structured format
► It refers to a group method for obtaining new ideas focusing on the negative
► It refers to a method for individuals to solve problems through one of four mechanisms
► It refers to a method for developing new ideas when the individuals are unaware of the problem

Question No: 28 ( Marks: 1 ) - Please choose one
Identify the statement which best defines “checklist method”
► It refers to developing a new idea through a list of related issues
► It refers to a group method for obtaining new ideas focusing on the negative
► It refers to a method for individuals to solve problems through one of four mechanisms
► It refers to a method for developing new ideas when the individuals are unaware of the problem

Question No: 29 ( Marks: 1 ) - Please choose one
Which one of the following is a method for obtaining new ideas and solutions by focusing on problems?

► Problem inventory analysis
► Gordon method
► Checklist method
► Scientific method

Question No: 30 ( 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: 31 ( Marks: 1 ) - Please choose one
How many major stages of “product planning and development process” are there?
► Four
► Five
► Six
► Seven

Question No: 32 ( Marks: 1 ) - Please choose one
Which of the following denote no relationship between the mark and the goods or services?
► Coined marks
► Arbitrary marks
► Suggestive marks
► Descriptive marks

Question No: 33 ( Marks: 1 ) - Please choose one
A design patent has a term of:

► 20 years
► 14 years
► 10 years
► 40 years

Question No: 34 ( Marks: 1 ) - Please choose one
Lenders focus on four Cs of credit. Identify which of the following is NOT included in those four Cs.
► Character
► Cash flow
► Collateral
► Code of ethics

Question No: 35 ( Marks: 3 )
Briefly discuss licensing and its benefits.


Question No: 36 ( Marks: 5 )
What is a business plan and what purpose does it serve?


Question No: 37 ( Marks: 5 )
Discuss the role of “export management firm” in indirect exporting.

[saba]

thnks.........

its really great help for every1.........

[viki]

thnks.........

its really great help for every1.........

viki is here always for help na INSHALLAH

[saba]

thnks viki bhai........... :P