MGT602 Solved Grand Quiz Spring 2021

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MGT602 SOLVED MCQs

Q1:  All of the following factors support the intrapreneurial  environment EXCEPT:

• NO  opportunity parameters
• Top management support
• Failure not allowed
• New ideas encouraged

Q2: Which one of the following factor decides the expansion and elimination of intrapreneurial units will organization?

• Management
• Evaluation
• Reward
• Training

Q3: In which of the following entrepreneur operates a business using the trademark and agrees to pay a fixed sum for use of the trademark?

• Turn key project
• Copyright collaboration
• Franchising
• Trade secrets sharing

Q4: Idea of  new product is tested in potencial consumers to determine consumer acceptance at ———stage.

• Concept
• Product development
• Test marketing
• Commercialization

Q5: Sparkle toothpaste introduces its toothpaste by making its powder obsolete , this acted is called:

• Creative construction
• Destructive obsolescence
• Innovative destruction
• Creative destruction

Q6: All of the following are the characteristics which make an entrepreneur successful and it should be adopted by the entrepreneurs,Except:

• Understanding the environment
• Discouraging bureaucratic environment
• Discourage open discussion
• Creating management option

Q7: Which of the following activities a traditional manager perform?

• Centralized decision making
• Controlled flow of information
• Reactive approach in problem solving
• All of the given option

Q8: which of the following is the next stage to the product development stage of product planning and development process?

• Idea stage
• Concept stage
• Test marketing stage
• Commercialization stage

Q9: GATT stands for:

• General agreement on tariffsand trade
• General agreement on trade and treasure
• General agreement on tariffs and treasure
• General agreement on the trade services

Q10: Which of the following perspective  of business plan sound finantial projections?

• Entrepreneur perspective
• Marketing perspective
• Investor perspective
• All of the given option

Q11: which of the following factor helps the companies most to the flexible in adopting changes.

• Management decsisions
• Customers relation
• Technology
• Productivity

Q12: Which of the following is the intrapreneurial leadership characteristic?

• Strategic planning
• Encourage the team work
• Persistency
• All of the given option

Q13: Trademark which shows another meaning in a certain language is classified as :

• Coined mark
• Arbitrary mark
• Suggestive mark
• Descriptive mark

Q14:  External forces directly affect all of the following to a business setup , except:

• Segmentation strategies
• Products range
• Management structure
• Businesses diversification

Q15: Which of the following actually affects the valuations of currency of a part particular country?

• Barter system
• Population
• Balance of payment
• Production factors

Q16: Which of the following source ideally provides formal and information survey feedback as source of  new idea?

• Consumers
• Existing companies
• Distribution channels
• Federal government

Q17: Which of the following perspective of business  plan considers the venture through the eyes of the customer?

• Entrepreneur perspective
• Marketing perspective
• Investor perspective
• All of the given option

Q18: A small venture that supports the owners and usually does not grow is termed as:

• Foundation company
• Gazelle
• Lifestyle firm
• Base firm

Q19: Which of the following is the need tha truly compliments the desire to be your own boss.

• Need money
• Need of achievement
• Need of independence
• Need of dependence 

Q20: ———– spirit very impotant for making innovation and growth in an organization .

• Managerial
• Entrepreneurial
• Intrapreneurial
• Organization

Q21:The successful intrapreneurs possess all the following individual characteristics EXCEPT;

• Understanding the environment
• Being visionary
• Being inflexible
• Encouraging open discussion

Q22:Which one of the following culture has a climate and reward system that favors conservation decision making

• Entrepreneurial
• Intrapreneurial
• Corporate
•  Open cultur

Q23:Which of the following country is a major entrepreneurial center?

• France
• Poland
• Hong kong
• Japan

Q24: Entrepreneurs  ability to meet debt and interest payment is tagged as ———–among the Cs.

• Character
• Collateral
• Contribution
• Cash flow

Q25: All of the following factors support the intrapreneurial environment EXCEPT :

• No apportunity parameters
• Top management support
• Failure not allowed
• New ideas encouraged

Q26: Moral support network includes following ,except:

• Spouses
• Friends
• Business associate
• Relatives

Q27:Which of the following is not a part of anintrapreneurial culture?

• To take responsible and ownership
• To b rewarded for the action taken
• To introduce ideas
• To limit yourself to the job description

Q28: which of the following gives -20  year registration with 20-year renewable terms?

• Patent
• Copyright
• Trademarks
• Trade secrets

Q29: Which of the following describes the statement ;  “method of stimulating ,and then capitalizing on , individuals in an organization who think that something can be done differently and better ‘’

• Entrepreneurship
• Intrapreneurship
• Managerial domain
• Administrative domain

Q30: In which source of new idea , laws and regulation of country help to generate new ideas?

• Existing  companies
• Distribution channels
• Federal government
• Research and development

Q31: North American  Free Trade Agreement (NAFTA) has been between U.S, Canada and ————– .

• Cuba
• Mexico
• Panama
• Jamaica

Q32: Which one of the following term best describes a professional money manager who makes  risk investment to obtain a high rate of return on the investment ?

• Entrepreneur
• Venture capitalist
• Corporate entrepreneur
• Intrapreneur

Q33: Which of the following source of new ideas is considered as largest source of new ideas?

• Existing companies
• Distribution channels
• Federal government
• Research and development

Q34: In which of the following method  a new idea is development through a list related issues?

• Gordon method
• Checklist method
• Free association method
• Collective notebook method

Q35:Which of the following should not be included in the introductory page of the business plan?

• Names of business
• The name of entrepreneurs
• Executive summary
• Addresses of business

Q36: Which of the following method provides information in a structured formate?

• Focus group
• Brainstorming
• Reverse brainstorming
• Problem inventory analysis

Q37:Which  of the following section in patent application contains a description of the drawings?

• Introduction section
• Claims section
• Invention section
• None of the given option

Q38: Which of the following is alternatively called as corporate venturing ?

• Entrpreneurship
• Intrapreneurship
• Bureaucracy
• Corporation

Q39: Which of the following precisely refers to the services involving indirect pa payment  for good through another  source?

• Third party payment
• Non-equity arrangment
• Third party exports
• Third party arrangement

Q40: All of the following  characteristics exists in the firms having traditional cultural EXCEPT:

• Established procedures
• Lines of authority
• Control mechanisms
• Empowerment

Q41:Which of the following source ideally provides and in formal survey feedback as source of new idea?

• Consumers
• Existing companies
• Distribution channels
• Federal  government

Q42: Which of the following plan completely describes the manufacturing process?

• Manufacturing plan
• Marketing  plan
• Financial plan 
• All of the given options

Q43: Which of the following gives inventor the rightsof using and selling is own invention?

• Embargo
• Copyright
• Quota
• Treaty

Q44: Which of the following is not covered by federal  law but is recognized under common laws in each state?

• Patent
• Copy right
• Trademarks
• Trade secrets

Q45:which of the following is an unstructured process for generation all possible ideas with criticism allowed?

• Focus group
• Brainstorming
• Reverse brainstorming
• Problem inventory analysis

Q46:Which of the following set of  individuals has the primary motive of independence and ability to advance in the corporate rewards?

• Traditional managers
• Entrepreneurs
• Intrapreneurs
• Administrative managers

Q47:Which of the following may be a word ,symbol , design, or some combination that identifies the source of certain goods?

• Patent
• Copyright
• Trademarks
• Trade secrets

Q48:Combining two or more independent companies into a single new company is called as :

• Joint venture
• Merger
• Compartment
• Nationalization

Q49: Which of the following factor has allowed small companies to act like they are big ones ?

• Human resource
• Finances
• Technology
• Customers

Q50: Which of the following protects the owner from anyone else making , using selling the identifies innovation ?

• Utility patent
• Trade mark
• Trade name
• Embargo

Q51: Which of the following term best describes the different between the value of a country ‘s imports and exports?

• Deficit exports
• Deficit imports
• Balance of payment
• Balance of debt

Q52: Giving patent rights in return of royalty to foreign manufacturer is termed as :

• Franchising
• Licensing
• Foreign direct investment
• Internationalization of patents

Q53: Which of the following factor helpsthe companies most to be flexible in adopting changes .

• Management decsisions
• Customers relations
• Technology
• Productivity

Q54: Which of the following plan describes how the products will  b distributed, period and promotion ?

• Manufacturing plan
• Marketing  plan
• Financial plan
• All of the given options

Q55: which of the following describe the statement”entrepreneurship within an existing organization”?

• Intrapreneurship
• Entrepreneurship
• High potential venture
• Gazelles

Q 56:which of the analysis will be helpful to get information aboutyour rivals?

• SWOT Analisis
• PEST Analysis
• Competitior Analysis
• Strategic Analisis

Q 57:which of the following best describe the statement” new product development with significance technological changes?

• Iterative synthesis
• Ordinary innovation
• Technology innovation
• Breakthrough innovations

Q58: Which of the following term best describes a professional money manager who makes risk investment to obtain a high rate of return on the investment ?

• Entrepreneur
• Venture capitalist
• Corporate entrepreneur
• Intrapreneur

Q59: The entrepreneur must possess the abilities of:

• Creativity
• leadership
• understanding environment
• all of the given options

Q60:All of the following are the types of non equity arrangement , except:

• licensing
• management  contract
• direct export
•  turnkey projects

Q61: Lenders are primary interested in the entrepreneur’s:

• Personal networking
• Ability to pay back loan
• Educational capabilities
• Demographics

Q62:The return and reward of the parents opportunity is viewed in light of any possible subsequent opportunities comes under which stage of entrepreneurial  process?

• Identifying and evaluating the opportunity
• Development business plan
• Determine the resources required
• Manage the enterprise

Q63: Which of the following is the most important element to trigger the necessary changes within an organization ?

• Team efforts
• Finance
• Reward system
• Top management commitment

Q64:which of the following section in patent application offers all details of possible infringements and their remedies?

• Introduction section
• Claims section
• Invention section
• Description section

Q65:which of the following option tells about entrepreneurs credit history?

• Cost
• Character
• Collateral
• Contribution

Q66: which of the following is the objective of GATT as an organization ?

• Impose imports quotas
• Liberalize trade by reducing quotas
• Imposes tariffs
• Increases tariffs

Q67:which of the following is a comprehensive written document describing all the relevant elements involved in starting a new venture?

• Business plan
• Company plan
• Process plan
• Marketing plan

Q68: Which of the following  is the intrapreneurial leadership characteristics?

• Strategic planning
• Encourage the team work
• Persistency
• All of the given option

Q69:The method of exchange without involvement of money is termed as:

• Barter system
• Goods trading
• Resource trading
• Resource exchange

Q70: Tangible assets appearing in a loan application represent:

• Revenue
• Character
• Contribution
• Collateral

Q71: An individual need of being his /her own boss is also called as need of:

• Independence
• Achievement
• Affiliation
• Authority

Q72:In which of the following area , getting education is necessary for the entrepreneur?

• Finance
• Marketing
• Strategic planning
• All of the given option

Q73:If your equity is more than 50 percent of company’s complete shares, then you have :

• Majority interest
• Minority interest
• Full interest
• Partial interest

Q74: In which of the following method a new idea is development through a list of related issues?

• Gordon method
• Checklist method
• Free association method
• Collective notebook method

Q75:Which of the following arrangement allow the entrepreneur to enter a market without equality investment in the foreign market ?

• Equity arrangement
• No equity arrangement
• Full equity arrangement
• Half equity arrangement

Q76: which of the following culture has a claim and reward system that favors conservative decision making?

• Entrepreneurial
• Intrapreneurial
• Corporate
• Open culture

Q77: Lenders are primarily interested in the entrepreneur’s :

• Personal networking
• Ability to pay back loan
• Educational capabilities
• Demographic

Q78:Which of the following option best describes the attributes of an entrepreneurs internal locus of control ?

• Self motivation
• Accomplishment
• Power of influence
• All of the given option

Q79:which of the following offers moral support network for entrapeneurs?

• Trade association
• Professional affiliations
• Teacher
• Business associates

Q80:Which of the following gives inventor the rights of using and selling his own invention?

• Embargo
• Copyright
• Quota
• Treaty

Q81:Professional support network includes all of the following ,except :

• Industry
• Mentors
• Trade associations
• Friends

Q82:Atrademark showing no relationship between the mark and the goods and also afford the possibility of expansion , is classified as :

• Coined mark
• Arbitrary mark
• Suggestive mark
• Descriptive  mark

Q83: Which of the following product safety and liability claim can be used when the product was defective prior to its receipt?

• Negligence
• Warranty
• Strict liability
• Misrepresentation

Q 83:suppose an employee of the shoe maker firm suggest the management to introduce a new ladies shoe brand in the market, this act will be called as:

• Managerial act
• Entrepreneurial act
• Intrepreneurial act
• Organization act

Q 84:which of the following of business plan should begin with mission statement?

• Financial plan
• Executive summary
• Industry analysis
• Description of venture

Q 85: the amount paid to the actual inventor by the mere user of a particular intellecutual property is termed as;

• Loyalty fee
• Poyalty
• Rovelty
• Licensing fee

Q85: Entrepreneurs usually confront with the following types of risks

• Psychological risks
• Financial risks
• Social risk
• All of the given option

Q86:Warranty is a type of :

• Claim
• Restriction
• Patent
• Liability

Q87: Following are the guiding principles in a tradition of corporate culture Except:

• Following  the line of command
• Achieve target
• Do not fail
• Take initiative

Q88: Which of the following is not ncluded in four C’s of evaluation by the lenders?

• Character
• Cost
• Continuity
• Contribution

Q89: Which of the following is considered in economic and environment analysis study ?

• Gross national product
• Disposable income
• Unemployment
• All  of the given option

Q90:Which of the following is an understanding process for generating ideas with criticism allowed?

• Focus group
• Brainstorming
• Reverse brainstorming
• Problem inventory analysis

Q91Business expansion scheme was introduced in 1983 to provide capital to new business ventures in:

• U.S
• U.K
• China
• Russia

Q93:Which of the following factor has allowed small companies to act like they are big ones?

• Human resource
• Finances
• Technology
• Customers

Q94:Which of the following section in patent application offers all detail of possible infringements and their remedies?

• Introduction section
• Claims section
• Invention section
• Description section

Q95:An entrepreneur into hosiery  business found out the reason that  his hosiery items were not selling due to its color. What could be the best source of this information ?

• Supplier
• Retailer
• Competition
• Government bureau

Q96: Which of the following analysis entrepreneur will use to analyze the economic and cultural trends of country ?

• Industry
• Environment analysis
• Competitor analysis
• SWOT analysis

Q97:Which of the following plan completely describes the manufacturing process?

• Manufacturing plan
• Marketing plan
• Financial plan
• All of the given option

Q98:Which of  the following areas are preferred by women job seekers?

• Administration
• Finance
• Manufacturing
• Marketing

Q99: In technical sense anything over 50 percent of the equity of the firm is called:

• Big interest
• Complete interest
• Full interest
• Majority interest

Q100:Which of the following ‘’C’’ of credit lender represents the amount of personal equity  in the whole investment by the entrepreneur?

• Cost
• Character
• Collateral
• Contribution

Q101:Tangible assets appearing in a loan application represent:

• Revenue
• Character
• Contribution
• Collateral

Q102:Which of the following creates urge to start a new business:

• Family
• Friend
• Teacher
• All of the given option

Q103:The character of an individual describing his /her degree of influence and control on the people is called :

• Locus of control
• Motion of control
• Locus of influence
• Gain of control

Q104:Which of the following is the part of intellectual property right?

• Patent
• Trade mark
• Trade secrets
• All of the given option

Q105: Which of the given attribute is least associated with an entrepreneur?

• Adaptability
• Innovation
• Imitation
• Risk taking

Q106:Patent trademarks and copyright are the generally called :

• Property rights
• Actual property rights
• Real property right
• Intellectual property rights

Q107:which of the following term best describes the different between the value of a country ‘s imports and exports?

• Deficit exports
• Deficit imports
• Balance of payment
• Balance of debt

Q108:Which of the following choice offers the firms synergy , competitive advantage and reduction in operational cost of business while expanding inn the international market?

• Acquisition
• Joint venture
• Majority interest
• Indirect e exporting

Q109: The least describes factor for an entrepreneur with entrepreneurial finance is :

• Low interest
• High rate of return
• Fixed interest rate
• High interest rate

Q110:which of the following country is a major entrepreneurial center?

• France
• Poland
• Hong kong
• Japan

Q111:Individual who help the entrepreneur in business activities are categorized as:

• Professional support network
• Individuals network
• Market support network
• Industry support network

Q112:Giving patent rights in return of royalty to foreign manufacture is termed as:

• Franchising
• Licensing
• Foreign direct investment
• Internationalization of patents

Q 113:moral support network includes following ,expect:

• Spouses
• Friends
• Business associate
• Relatives

Q 114:time period available for creating a new venture is called :

• Opportunity window
• Venture space
• Business window

Q 115:in which the following region business failure is considered as social disgrace?

• Far east
• Europe
• Central Asia
• Transition economics countries

Q 116:which of the following does not belong to internal locus of control?

• Self motivation
• Accomplishment
• Power of influence
• Fate

Q 117:the technique of developing a new idea by thinking about constraints is called:

• Big dream approach
• Gordon method
• Ground method
• Matrix charting

Q 118:which of the following factor has allowed small  companies to act like they are big ones?

• Human resources
• Finances
• Technology
• Customers

Q119:licensing a manufacturer giving a foreign manufacture the right to use all of the following,expect:

• Patent
• Trademark
• Technology
• Investment

Q 119:all of the following factors supports the intrapreneurial environment EXCEPT:

• No opportunity parameters
• Top management support
• Failure not allowed
• New ideas encouraged

Q 120:which of the following country ‘s administrative structure discourages innovative entrepreneurship?

• Singapore
• Japan
• American
• Hong kong

Q 121:which of the following arrangement allow the entrepreneur to enter a market without direct equity investment  in the foreign market?

• Equity arrangement
• No equity arrangement
• Full equity arrangement
• Half equity arrangement

Q 122:which of the following is the part of intellectual property right?

• Patient
• Trade marks
• Trade secrets
• All given option

Q 123:which of the following external environment force can easily analyze the market growth rate?

• Political
• Social
• Economical
• Technological

Q124:individuals usually stay away from entrepreneurs due to:

• Fear of failure
• Risk factor
• Financial constraint
• All of the given option

Q 125:which of the following option is most closely associated with entrepreneurial risk taking attribute?

• Risk aversion
• Risk management
• Risk taking
• Non of the given options

Q 126:which of the following is the best method for developeding new idea by looking at the positives and negatives of an item?

• Free association
• Attribute listing
• Forced relationship
• Value analysis

Q 127:all of the following are the characteristics which make an entrepreneur successful,EXCEPT.

• Discouraging bureaucratic environment
• Discourage open discussion
• Understanding the environment
• Creating management options

Q 128:which  of the following is a distinctive of reverse brainstorming in comparison of brainstorming method?

• Low quantity method
• Criticism is allowed
• Individuals are unaware of problem
• No time limit

Q 129:which of the following document an entrepreneur should first file to establish a date of conception ?

• Patent
• Disclosure document
• Statutory report
• Copyright ballot

Q 130:which one of the following is a method for obtaining new ideas and solution by focusing on problem?

• Problem inventory
• Gordon method
• Checklist method
• Scientific  method

Q 131:which of the following is the formation of a new business in which two firm share the equity?

• Merger
• Joint venture
• Management contract
• All of the given option

Q 132:the act of selling product to a ”foreign sale office “ that is located in the host country is anb example of:

• Indirect exporting
• Direct exporting
• Bartering
• Joint selling

Q133:which of the following is the need that truly compliments the desire to be your own boss.

• Need of money
• Need of achievement
• Need of independence
• Need of dependence

Q 134:if your equity is more than 50%of company complete shares , then you have:

• Majority interest
• Minority  interest
• Full interest
• Partial interest

Q 135:which one of the following is the most valuable factor while bringing in the intrapreneurial culture within an organization ?

• Economical
• Technological
• Political
• Social

Q 136:which of the following is a sound strategic option for an organization when its purpose is to get the 100%ownership in the  international business operation?

• Mergers acquisition
• Joint venture
• Minority interest
• Indirect exporting

Q137:which of the following perspective of business plan considers  the venture through the eyes of the customer ?

• Entrepreneur perspective
• Marketing perspective
• Investor perspective
• All of the giving option

Q 138:decision regarding source of business finance for initial venture is exactly  made stage of:

• Organizational planning
• Financial planning
• Marketing planning
• Operational planning

Q 139:which of the following allows the purchasing country to gain foreign expertise without turning ownership over to a foreigner?

• Turn key project
• Licensing
• Direct exporting
• Management contracts

Q 140:an entrepreneur is one who brings resources ,labor ,material and other assets into combination that marks their value greater than before this view is of:

• Economists
• Psychologists
• Sociologists
• Scientists