vu mgt602 Mid Term - Quiz No.11
vu mgt602 Entrepreneurship Quiz
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Question 1: The entrepreneurs __________ depends on his perception of the opportunity.
Commitment to opportunity
Commitment of resources
Control of resources
Strategic orientation
Question 2: Which of the following is a free method to create awareness of the venture?
Publicity
Internet Advertising
Trade Shows
Sales promotion
Question 3: Which one of the following is required to develop a good team for creating something new?
Relationship with team members
Open discussion
Non flexible behavior
Discouragement of team member's ideas
Question 4: All of the following are the broad categories of External forces EXCEPT:
Economic forces
Socioeconomic forces
Technological forces
Competitive forces
Question 5: For the success of business plan the goals should be:
Imaginary
Specific
Generalized
Limitless
Question 6: Which of the following shows the results from the difference between actual cash receipts and cash payments?
Revenue
Profit
Cash flow
Income statement
Question 7: Which of the following refers to new products with some?
Ordinary innovation
Technological innovation
Breakthrough innovation
Technical innovation
Question 8: Which of the following industry comparatively required highly skilled & educated human resource to the others?
Automobile industry
IT based industry
Gems & Jewelry
Textile industry
Question 9: Which of the following is used by entrepreneurs to acquire experience in an international market before making a major commitment?
Merger
Joint venture
Minority interest
Majority interest
Question 10: Following are the important aspects of international success EXCEPT:
Planning
Diversification
Reporting
Control