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mgt602 entrepreneurship midterm paper

A company dealing in beer has a merger with cigarettes manufacturing firm. This merger is called:



► Horizontal merger

► Product extension merger

► Market extension merger

► Vertical merger


SBA stands for:



► Small business accountants

► Small business administration

► Small business adequacy

► Small business advisors


Which one of the following guide the firm through the long term decision making?



► Mission statement

► Product forecast

► Industry analysis

► None of the given options


For which of the following copy right acquisition is desirable?



► Songs

► Poems

► Models

► All of the given options


GATT is established in 1947, under:



► German leadership

► French leadership

► U.S. leadership


A person who managed large project was termed as the entrepreneur in the _________.



► Earliest period

► Middle ages

► 17th century

► 19th and 20th century


Which one of the following is the process of entrepreneurs developing new products that over time make current products obsolete?



► New business model

► Anatomization

► Creative destruction

► None of the given options


Which of the following grants protection to owner from anyone else making, using and selling the identified innovation?



► Utility patent

► Design patent

► Plant patent

► International patent


Which of the following is a method of selling goods to another country by taking care of transactions?





► Indirect exporting

► Direct exporting

► Importing

► Management contract


Andrew Carnegie is an example of entrepreneur of which century:



► Earliest period

► 19th and 20th century

► Middle ages

► 17th century

Which of the following is required for a company that wants to be more flexible in adopting changes?



► Management commitment

► Contact with customers

► Technology

► More productivity

► U.K. leadership


A typical inventor is usually ________________________.




Select correct option:











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


Gazelles are the firms with:

Select correct option:





High growth rate



Moderate growth rate



Zero% growth rate



Low growth rate


Moral support network includes following EXCEPT:

Select correct option:

Spouses

Friends

Business associates

Relatives


Which one of the following is the first step in the entrepreneurial process?

A. Developing successful business ideas

B. Deciding to become an entrepreneur

C. Growing the entrepreneurial firm

D. Moving from an idea to an entrepreneurial firm


Which one of the following factors does not affect a person for being an

entrepreneur?

A. Family background

B. Education

C. Personal Values

D. Gender


Which one of the following is NOT TRUE about male entrepreneurs?

A. Males often have investors, bank loans, or personal loans in addition to personal

funds

B. Males often have more experience in manufacturing, finance, or technical areas

C. Men are often more confident and less flexible and tolerant

D. Men usually list outside advisors as the least important supporters



And the subjective question was as under:


A company is going to launch a new product .It is searching for new idea generation for new product.what are

the available resources for idea generation .And suggest that which one is best with sound reason.
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