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MGT602 Entrepreneurship Quiz MCQs Lecture 1-13 Objective Questions

MGT602-Entrepreneurship Quiz #Objective #Questions

1. A stronger incentive to leave a present lifestyle comes from a negative force that is called ___.

  • Disruption ✔
  • Innovation
  • Entrepreneurship
  • Marketing

2. According to McClelland’s need theory, entrepreneurs have a prime need of:

  • Achievement ✔
  • Power
  • Affiliation
  • Esteem

3. All the following characteristics exist in the firms having traditional culture EXCEPT:

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

4. Which one of the following does not belong to an internal locus of control?

  • Self-motivation
  • Accomplishment
  • Power of influence
  • Fate ✔

5. Which of the following has a formalized hierarchy of management structure?

  • Managerial domain ✔
  • Entrepreneurial domain
  • Intrapreneurial domain
  • Non-managerial domain

6. Giving patent rights in return of royalty to a foreign manufacturer is termed as:

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

7. Which of the following creates an urge to start a new business:

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

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

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

9. The phenomenon of developing new products that over time make current products obsolete is called:

  • Creative destruction
  • New business
  • Automation
  • Destructive creation ✔

10. The merger of an ice cream company with a cotton spinning company this is an exact example of:

  • Diversified merger
  • Product merger ✔
  • Market merger
  • Vertical merger

11. The method of exchange without the involvement of money is termed as:

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

12. In which of the following centuries entrepreneurs were not distinguished often from managers?

  • 19th Century
  • Middle ages ✔
  • 20th Century
  • 18th Century

13. A start-up firm based on research and development is rightly called as:

  • Basic company
  • Founder company ✔
  • Foundation company
  • High potential firm

14. “An entrepreneur is one who brings resources, labor, materials, and other assets into combinations that make their value greater than before” This view is of:

  • Economists ✔
  • Psychologists
  • Sociologists
  • Scientists

15. Which one of the following is the most valuable factor while bringing in the intrapreneurial culture within an organization?

  • Technological
  • Economical ✔
  • Political
  • Social

16. The successful intrapreneurs possess all the following individual characteristics EXCEPT:

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

17. Which of the following is a sound strategic option for an organization when its purpose is to get 100% ownership in international business operations?

  • Mergers and acquisitions ✔
  • Joint venture
  • Minority interest
  • Indirect exporting

18. A company’s act of introducing a new product with the intention to obsolete its previous product is coined as:

  • Creative construction
  • Creative destruction ✔
  • Innovative destruction
  • Destructive creation

19. Which of the following source of fund is mostly used by the female entrepreneur to start her own business:

  • Foreign aid
  • Bank loan
  • Investor
  • Personal savings ✔

20. Which of the following entity develop entrepreneurial infrastructure in order to help from new ventures?

  • Bank
  • Professional support network
  • Family ✔
  • Government


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