MGT602 Entrepreneurship Quiz 3 June 14 Spring 2013

Question # 1 of 10 ( Start time: 07:08:27 AM ) Total Marks: 1
Which one of the following is a sound strategic option for an entrepreneur when synergy is present?
Select correct option:
Joint venture
Minority interest
Majority interest


Question # 2 of 10 ( Start time: 07:09:03 AM ) Total Marks: 1
Which of the following support network has trade associations that help entrepreneur in his/her venture?
Select correct option:
Moral support network

Question # 3 of 10 ( Start time: 07:10:19 AM ) Total Marks: 1
There is evidence that an entrepreneur usually has _______________ parents.
Select correct option:
Self employed
Non supportive


Question # 4 of 10 ( Start time: 07:11:03 AM ) Total Marks: 1
The importance of intellectual property should be understood by entrepreneur even before:
Select correct option:
Hiring a manager
Engaging an attorney
Developing a product
Establishing new venture


Question # 5 of 10 ( Start time: 07:11:41 AM ) Total Marks: 1
The entrepreneur’s_______________ depends on his perception of the opportunity.
Select correct option:
Commitment to opportunity
Commitment of resources
Control of resources
Strategic orientation

Question # 6 of 10 ( Start time: 07:12:20 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 # 7 of 10 ( Start time: 07:12:49 AM ) Total Marks: 1

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

Question # 8 of 10 ( Start time: 07:13:19 AM ) Total Marks: 1

Which one of the following is a barriers to new product creation and development?
Select correct option:
Trial and error
Opportunity parameter
Opportunity cost
Intrapreneurship culture

Question # 9 of 10 ( Start time: 07:13:48 AM ) Total Marks: 1

A patent is granted for a specified amount of time because of the assumption:
Select correct option:
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

Question # 10 of 10 ( Start time: 07:14:32 AM ) Total Marks: 1

The business plan should be prepared by:
Select correct option:
Small business administration services

Technical support network
Political support network
Economical support network