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FINALTERM EXAMINATION
Spring 2009
MGT602- Entrepreneurship
Marks: 80
Question No: 1 ( Marks: 1 ) - Please choose one
In some countries, point of purchase displays are not allowed in retail stores. Such
differences are studied by international entrepreneurs under __________.
- Political Environment
- Cultural Environment
- Technological Environment
- Economic Environment
Question No: 2 ( Marks: 1 ) - Please choose one
The intersection of knowledge and a recognized social need to start a product
development process is called:
- Iterative synthesis
- Product-evolution process
- Ordinary innovation
- Situation analysis
Question No: 3 ( Marks: 1 ) - Please choose one
A set of reasons for engaging in a particular behavior, especially human behavior is
known as _____________.
- Values
- Vision
- Entrepreneurship
- Motivation
Sponsored Links
Question No: 4 ( Marks: 1 ) - Please choose one
_____________ System is necessary for expansion or elimination of intrapreneurial
units.
- Management
- Evaluation
- Reward
- Training
Question No: 5 ( Marks: 1 ) - Please choose one
Which one of the following factors does not affect a person for being an entrepreneur?
- Work history
- Education
- Personal values
- Nationality
Question No: 6 ( Marks: 1 ) - Please choose one
Which one of the following factors does not affect a person for being an entrepreneur?
- Family background
- Education
- Personal values
- Gender
Question No: 7 ( Marks: 1 ) - Please choose one
Individuals who give psychological support to an entrepreneur are called:
- Roles models
- Moral support networks
- Professional support networks
- Informal networks
Question No: 8 ( Marks: 1 ) - Please choose one
The evaluation criteria for the new product should include all of the following, EXCEPT:
- Determination of market demand
- Determination of the suppliers
- Pricing and marketing policies of other competing firms
- Product should be profitable
Question No: 9 ( Marks: 1 ) - Please choose one
Which one of the following is a method for obtaining new ideas and solutions by
focusing on problems?
- Product inventory analysis
- Gordon method
- Checklist method
- Scientific method
Question No: 10 ( Marks: 1 ) - Please choose one
Which one of the following reviews the trends and competitive strategies?
- Environmental analysis
- Product forecast
- Contingency plan
- Industry analysis
Question No: 11 ( Marks: 1 ) - Please choose one
Which of the following is a idea generation method that focuses on parameters?
- Brainstorming
- Reverse brainstorming
- Creative problem solving
- Synectics
Question No: 12 ( Marks: 1 ) - Please choose one
Which of the following is a more structured method of problem solving, including
principles and rules for concept formation, making observations and experiments, and
finally validating the hypothesis?
- Scientific method
- Heuristics
- Attribute listing
- Value analysis
Question No: 13 ( Marks: 1 ) - Please choose one
Which of the following is the most important factor for the entrepreneur, while starting a
new venture, to make an assessment of business?
- Profit
- Risk
- Market
- Competitors
Question No: 14 ( Marks: 1 ) - Please choose one
The goals of venture should have all of the following characteristics to be successful,
EXCEPT:
- Measurable
- Specific
- Properly monitored
- Independent of time
Question No: 15 ( Marks: 1 ) - Please choose one
Which of the following kind of need should be documented by the entrepreneur before
preparing the plan?
- Market
- Customer
- Investor s
- His own
Question No: 16 ( Marks: 1 ) - Please choose one
The marketing plan section of the business plan should focus on strategies for how many
years of the venture?
- 2
- 3
- 4
- 5
Question No: 17 ( Marks: 1 ) - Please choose one
Secondary data can be obtained from all of the following sources, EXCEPT:
- Internet
- Magazine
- Bureau of statistics
- Focus group
Question No: 18 ( Marks: 1 ) - Please choose one
Which of the following is the simplest approach of gathering primary data?
- Interviews
- Observations
- Surveys
- Focus Group
Question No: 19 ( Marks: 1 ) - Please choose one
In which of the following entity capital rising entirely depends on the entrepreneur?
- Corporation
- Sole Proprietorship
- Partnership
- All of the above
Question No: 20 ( 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: 21 ( Marks: 1 ) - Please choose one
Which of the following shows the standard acceptable term of a Limited Liability
Company?
- Three
- Ten
- Twenty
- Thirty
Question No: 22 ( Marks: 1 ) - Please choose one
In entrepreneurship the starting capital is also called:
- Equity Capital
- Seed Capital
- Financial Capital
- Short term Capital
Question No: 23 ( Marks: 1 ) - Please choose one
Which one of the following an entrepreneur must develop while preparing a pro forma of
sales budget?
- Cash flow statement
- Balance sheet
- Income statement
- Statement of retained earnings
Question No: 24 ( Marks: 1 ) - Please choose one
For how many years should a financial plan needs to provide the projected financial data?
- One
- Three
- Five
- Ten
Question No: 25 ( Marks: 1 ) - Please choose one
In the preparation of the pro forma income statement, the entrepreneur must have to
develop first:
- A production budget
- A sales budget
- An operating budget
- A capital budget
Question No: 26 ( Marks: 1 ) - Please choose one
Which of the following statement provides projections of all operating expenses for each
month of the first year?
- The pro forma balance sheet
- The pro forma income statement
- The pro forma cash flow statement
- The actual balance sheet
Question No: 27 ( Marks: 1 ) - Please choose one
In which of the following sources the large positive cash flow may need to be invested?
- Long term
- Short term
- Average term
- None of the above options
Question No: 28 ( Marks: 1 ) - Please choose one
Which of the following is NOT the determinant of entrepreneur's ownership?
- Cash
- Debt
- None of the given options
- Equity
Question No: 29 ( Marks: 1 ) - Please choose one
Which of the following cannot be used as basis of loan?
- Worth of the business
- Perishable item
- Fixed asset
- All of the given options
Question No: 30 ( Marks: 1 ) - Please choose one
In inventory loans, finished goods inventory can be financed up to what percent of
inventory value?
- 50%
- 70%
- 80%
- 100%
Question No: 31 ( Marks: 1 ) - Please choose one
What is the practical maximum limit to the amount of loan guaranteed by Small Business
Administration for starting of new venture?
- $ ten thousand
- $ hundred thousand
- $ one million
- There is no limit
Question No: 32 ( Marks: 1 ) - Please choose one
The overall coordinating party in an agreement is:
- Limited partner
- Major partner
- Minor partner
- General partner
Question No: 33 ( Marks: 1 ) - Please choose one
Which of the following is the oldest development financing institution?
- Small Business Finance Corporation
- Khushhali Bank
- Regional Development Finance Corporation
- Industrial Development Bank of Pakistan
Question No: 34 ( Marks: 1 ) - Please choose one
Which of the following is a type of leverage ratio?
- Debt ratio
- Net profit margin
- Return on investment
- Current ratio
Question No: 35 ( Marks: 1 ) - Please choose one
A source of cash resulting from an entrepreneur selling the business is called:
- Positive cash flow
- Negative cash flow
- Terminal value
- Earnings valuation
Question No: 36 ( Marks: 1 ) - Please choose one
Which of the following can be used for collateral?
- Shares
- Tangible property
- All of the given options
- Real State
Question No: 37 ( Marks: 1 ) - Please choose one
The __________ venture capital firm invests in technology created by the school
- Corporate
- University-sponsored
- SBA
- State-sponsored
Question No: 38 ( Marks: 1 ) - Please choose one
In most cases, the venture capitalist:
- Seeks control of the company
- Never expects a seat on the board of directors
- Expects the management team to run the daily operations
- Prefers not to interfere in planning and expertise areas
Question No: 39 ( Marks: 1 ) - Please choose one
Determining first-mover advantage depends on all of the following, EXCEPT:
- The ability of the company to maintain a legal monopoly in the market
- The stability of the environment surrounding the entry
- The ability of the entrepreneur to erect barriers to entry and imitation in order to extend the firm's lead time
- The ability of the entrepreneur to educate customers
Question No: 40 ( Marks: 1 ) - Please choose one
Which of the following would be an advantage of starting a new business over
acquisition?
- Established customer base
- Customer response to location
- Existing employees
- All of the given options
Question No: 41 ( Marks: 5 )
Suppose you are working in a manufacturing organization. What constitutes your budget
plan?
Question No: 42 ( Marks: 5 )
What do you know about "private offerings" to the entrepreneurs? Discuss briefly.
Question No: 43 ( Marks: 10 )
What are Small Business Administration Loans? In what circumstances are they used by
entrepreneurs? Discuss important features of Small Business Administration loans with
the prospect of entrepreneurship.
Question No: 44 ( Marks: 10 )
Managing inventory is an important task of entrepreneurs, along with managing cash, to
run the venture successfully. Describe various tools and techniques to manage the
inventory.
Question No: 45 ( Marks: 10 )
Competitor analysis is the most important factor while considering the SWOT analysis.
Being an entrepreneur what questions you will consider while performing the analysis of
the competitors?
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