Thursday, 23 May 2019

MGT602 Entrepreneurship Quiz MCQs Lecture 1-13 Objective Questions | SUPERSTARWEBTECH

MGT602 ENTREPRENEURSHIP 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