vu mgt602 Mid Term - Quiz No.6
vu mgt602 Entrepreneurship Quiz
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Question 1: Which of the following is necessary to initiate the market research?
Data
Budget
Problem
Objectives
Question 2: A typical inventor is usually __________.
Highly creative & in love with the invention
Does not encourage change
Willing to modify the invention in order to augment commercial benefit
None of the given options
Question 3: Which one of the following best represents the environment of an entrepreneurial oriented organization?
Corporate culture
Entrepreneurial culture
Intrapreneurial culture
Traditional culture
Question 4: The entrepreneur was distinguished from capital provider in:
18th century
17th century
19th and 20th century
Middle ages
Question 5: Which of the following is NOT the determinant of entrepreneurs ownership?
Cash
Debt
None of the given options
Equity
Question 6: Which of the following can only be helpful to introduce the company?
Web trading
Price reduction
Free publicity
Personal selling
Question 7: 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 8: According to McClellands need theory, entrepreneurs possess which of the following needs?
Need for achievement
Need for power
Need for affiliation
Need for esteem
Question 9: An ice cream producing company merges with a cotton spinning company this merger is an example of:
Diversified activity merger
Product extension merger
Market extension merger
Vertical merger
Question 10: Usually which of the following activity is NOT recorded by the manufacturers?
Cash flows
Raw material
Consumers data
Plant & machinery