[**Virtual University Of Pakistan**Student Cafe] .::VULMSIT::.eNoxel.com MGT602 Quiz No.2 Dec 05, 2012

Question # 1 of 20 ( Start time: 09:57:49 AM ) Total Marks: 1

An ice cream producing company merges with a cotton spinning company this merger is an example of:

Select correct option:

Diversified activity merger

Product extension merger

Market extension merger

Vertical merger

Question # 2 of 20 ( Start time: 09:58:49 AM ) Total Marks: 1

Which one of the following is NOT the problem in developing the economies of different under developed countries ?

Select correct option:

Gap of knowledge

Variable rate of return

Same communication style

Different accounting system

Question # 3 of 20 ( Start time: 10:00:15 AM ) Total Marks: 1

Which of the following type of merger have the combination of at least two firms doing similar businesses at the same market level?

Select correct option:

Vertical merger

Product extension merger

Horizontal merger

Diversified activity merger

Question # 4 of 20 ( Start time: 10:01:03 AM ) Total Marks: 1

Which of the following source of fund mostly female entrepreneurs are utilized for starting their new businesses?

Select correct option:

Secondary resources

Primary resources

Investors

Bank loans 

Question # 5 of 20 ( Start time: 10:02:29 AM ) Total Marks: 1

Selling goods to another country through a person in the entrepreneur's home country is known as:

Select correct option:

Trading

Direct export

Indirect export

Domestic sales

Question # 6 of 20 ( Start time: 10:03:35 AM ) Total Marks: 1

Which of the following is the method for individuals to solve problems through one of four mechanisms: personal, direct, symbolic and fantasy?

Select correct option:

Gordon method

Synetics

Heuristics

Scientific method

Question # 7 of 20 ( Start time: 10:04:49 AM ) Total Marks: 1

A merger of children books publishing company with a toys manufacturing company is an example of:

Select correct option:

Vertical merger

Product extension merger

Horizontal merger

Diversified activity merger

Question # 8 of 20 ( Start time: 10:05:38 AM ) Total Marks: 1

Which of the following contains large number of new ideas?

Select correct option:

Files of Patent office

Official Gazette

Government patent Board

All of the given option

Question # 9 of 20 ( Start time: 10:06:11 AM ) Total Marks: 1

Entrepreneurial success has been significant because of the culture and the political and economic systems in _________.

Select correct option:

European countries

Asian countries

Transition economies

Middle East

Question # 10 of 20 ( Start time: 10:07:14 AM )               Total Marks: 1

In which of the following support network; individuals give psychological support to an entrepreneur?

Select correct option:

Moral support network

Technical support network

Political support network

Economical support network

Question # 11 of 20 ( Start time: 10:07:44 AM )               Total Marks: 1

Which of the following is the method of developing a new idea by thinking about constraints?

Select correct option:

Matrix charting

Big diagram approach

Value analysis

Parameter analysis

Question # 12 of 20 ( Start time: 10:08:15 AM )               Total Marks: 1

A company sells its product to a "foreign sales office" that is located in its domestic market, this is an example of:

Select correct option:

Indirect exporting

Direct exporting

Bartering

Joint Venture

Question # 13 of 20 ( Start time: 10:09:34 AM )               Total Marks: 1

Moral support network includes following EXCEPT:

Select correct option:

Spouses

Friends

Business associates

Relatives

Question # 14 of 20 ( Start time: 10:10:30 AM )               Total Marks: 1

The evaluation criteria for the new product should include all of the following, EXCEPT:

Select correct option:

Determination of market demand

Determination of the suppliers

Pricing and marketing policies of other competing firms

Product should be profitable

Question # 15 of 20 ( Start time: 10:11:34 AM )               Total Marks: 1

Selling goods to another country by taking care of transactions is called:

Select correct option:

Indirect exporting

Direct exporting

Importing

Management contract

Question # 16 of 20 ( Start time: 10:12:32 AM )               Total Marks: 1

Which one of the following is an important source of idea generation due to their familiarity with the needs of market?

Select correct option:

Existing products and services

Distribution channels

Federal government

Consumers

Question # 17 of 20 ( Start time: 10:14:02 AM )               Total Marks: 1

In an international perspective, which of the following decisions are NOT covered under strategic planning of an entrepreneur?

Select correct option:

What are unique characteristics of each market?

Who should be involved in marketing decisions?

What customer benefits are provided by the product?

What are the company's major strengths and weaknesses?

Question # 18 of 20 ( Start time: 10:14:58 AM )               Total Marks: 1

The activities which occur when the new venture is started are called:

Select correct option:

Motivation

Goal orientation

Departure point

Business skills

Question # 19 of 20 ( Start time: 10:16:20 AM )               Total Marks: 1

Which one of the following is important for international business to avoid trade barriers?

Select correct option:

Protectionist attitude

Entrepreneurial partnering

Free trade areas

Question # 20 of 20 ( Start time: 10:17:51 AM )               Total Marks: 1

Following are the types of foreign direct investment EXCEPT:

Select correct option:

Joint venture

Management contracts

Minority interest

Merger 

The difference between the value of a country's imports and exports over time is called:
Deficit exports
Deficit imports
Balance of payment
Balance of debt

Which one of the following is NOT the problem in developing the economies of different under developed countries ?
Gap of knowledge
Variable rate of return
Same communication style
Different accounting system

A patent is granted for a specified amount of time because of the assumption:
That during this time firm will cover its development costs
That firm will earn a sufficient profit during this period
To limit the monopoly of the firm
That it will stimulate idea and development of a better product

The former USSR received technology and syrup from Pepsi and provided it with Soviet vodka and rights to distribute it in the US. This is an example of:
Economic development
Barter system
Balance of payment
International trade

Which of the following is the method of developing a new idea by thinking about constraints? 
Matrix charting
Big diagram approach
Value analysis
Parameter analysis

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

Which of the following techniques is an excellent method for initially screening ideas and concepts in addition to generating new ideas?
Focus group
Problem inventory analysis
Brain storming
Reverse brainstorming

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

Which of the following country has the social structure that discourages entrepreneurship? 
Singapore
Japan
Pakistan 
Hong Kong

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 # 11 of 20 ( Start time: 04:36:30 PM) 

Idea of new product is tested in potential consumers to determine consumer acceptance at _______ stage.
Concept 
Product development
Test marketing 
Commercialization

Which of the following areas are preferred by women entrepreneurs?
Administration
Utilities
Manufacturing 
None of the above

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

Which of the following is/are a source of idea generation?
Consumers 
Federal government
Brain storming
All of the above

Following are the types of non equity arrangements EXCEPT:
Licensing
Management contracts
Direct export
Turnkey projects

Professional support network includes following EXCEPT:
Personal affiliations
Mentor
Trade associations
Friends

An entrepreneur doing business within the national border is called:
International entrepreneurship
Intrapreneurship
Domestic entrepreneurship
Imports

A company sells its product to a "foreign sales office" that is located in its domestic market, this is an example of:

Indirect exporting

Direct exporting

Bartering

Joint Venture

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 operations?

Select correct option:

Mergers & acquisitions

Joint venture

Majority interest

Indirect exporting

Which of the following is the objective of General Agreement on Tariffs and Trade

(GATT)?

Select correct option:

Imposing the tariffs and imports quotas

Liberalizing trade by reducing quotas

Introduce more advance impost quotas

Eight rounds of tariff reduction

Which one of the following is the next stage to the Concept Stage of Product Planning

and Development Process?

Select correct option:

Idea Stage

Product Planning Stage

Product Development Stage

Test Marketing Stage

Which of the following gives the owners a negative right, preventing anyone from

making, using, or selling the invention?

Select correct option:

Patent

Copyright

Trade mark

Trade secret

Which one of the following is the method of developing new idea through a thought process progression?
Select correct option:
Synetics
Heuristics
Forced relationships
Value analysis

Selling goods to another country through a person in the entrepreneur's home country is

known as:

Select correct option:

Trading

Direct export

Indirect export

Domestic sales

Idea of new product is tested in potential consumers to determine consumer acceptance at

_________ stage.

Select correct option:

Concept

Product development

Test marketing

Commercialization

Entrepreneurial success has been significant because of the culture and the political and

economic systems in _________.

Select correct option:

European countries

Asian countries

Transition economies

Middle East

An entrepreneur doing business within the national border is called:

Select correct option:

International entrepreneurship

Intrapreneurship

Domestic entrepreneurship

GATT is established in 1947, under:

Select correct option:

Japan leadership

China leadership

U.S. leadership

U.K. leadership

Which of the following is/are a source of idea generation?

Select correct option:

Consumers

Federal government

Brain storming

All of the above

Developing a new idea through inquiry and testing is called:

Select correct option:

Heuristics

Forced relationship

Scientific method

Value analysis

In stage of responsibility allocation process the entrepreneur follows:

Select correct option:

Highly centralized decision making process

Highly decentralized decision making process

Somewhat centralized decision making process

No particular standard

Members of distribution channels are excellent sources for new ideas because:

Select correct option:

They are familiar with the needs of the market

They earn a handsome profit from new business

They do not bother if entrepreneur bears a loss

They have well-developed sales force

Which one of the following is an important source of idea generation due to their

familiarity with the needs of market?

Select correct option:

Existing products and services

Distribution channels

Federal government

Consumers

Which one of the following is NOT the problem in developing the economies of different

under developed countries ?

Select correct option:

Gap of knowledge

Variable rate of return

Same communication style

Different accounting system

Which of the following is the source of analysis to uncover ways to improve on existing offering that may result in a new product that has more market appeal?
Select correct option:
Distribution channels
Existing companies
Research & development
Consumers

Which of the following is the best method for developing new idea by looking at the

positives and negatives of an item?

Select correct option:

Free association

Attribute listing

Forced relationship

Value analysis

Which of the following describes the statement "entrepreneurship within an existing organization"?

Select correct option:

Intrapreneurship

Entrepreneurship

High potential venture

Gazelles

Which of the following type of merger have the combination of at least two firms doing similar businesses at the same market level?

Select correct option:

Vertical merger

Product extension merger

Horizontal merger

Diversified activity merger

Which of the following source of fund mostly female entrepreneurs are utilized for starting their new businesses?

Select correct option:

Secondary resources

Primary resources

Investors

Bank loans 

The entrepreneur utilizes the resources through:

Select correct option:

Identifying and evaluating the opportunity

Developing a business plan

Implementing the business plan

Manage the enterprise

Which one the following is the uncontrollable factor in international trade?

Select correct option:

Economic

Cultural

Technological

All of the given options

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 operations?

Select correct option:

Mergers & acquisitions

Joint venture

Majority interest

Indirect exporting

Generally, male entrepreneurs start their first venture in the age of:

Select correct option:

Late 20s

Early 30s

Late 30s

Early 40s

Which of the following has multistage commitment of resources with minimal exposure

at each stage?

Select correct option:

Managerial domain

Entrepreneurial domain

Intrapreneurial domain

All of the given options

Female entrepreneurs differ from male entrepreneurs in terms of following EXCEPT:

Select correct option:

Motivation

Business skills

Departure point

Goal orientation

Which one of the following is required to develop a good team for creating something

new?

Select correct option:

Relationship with team members

Open discussion

Non flexible behavior

Which one of the following system is necessary for expansion and elimination of

intrapreneurial units?

Select correct option:

Management

Evaluation

Reward

Training

An actor or a person who managed large production projects was termed as the

entrepreneur in the _________.

Select correct option:

Earliest period

Middle ages

17th century

19th and 20th century

Degree of influence and control on other people is called:

Select correct option:

Locus of control

Locomotion of control

Locust of control

Which one of the following is important for international business to avoid trade barriers?

Select correct option:

Protectionist attitude

Entrepreneurial partnering

Free trade areas

None of the given options

Which of the following is the desirable factor for an entrepreneur while forming a new

venture?

Select correct option:

Sub culture

Stakeholder

Role models

Marketing