Please choose one Which of the following has not yet been

p>Question No: 1 ( Quiz ) – Please choose one
Which of the following has not yet been empirically established as a distinguishing characteristic of entrepreneurs?

► Locus of control
► Feeling about independence
► Need for achievement
► Risk taking

Question No: 2 ( Quiz ) – Please choose one
There is an evidence that an entrepreneur usually has _______________ parents.

► Self employed
► Discouraged
► Non supportive
► Strict

Question No: 3 ( Quiz ) – Please choose one
The level at which an individual is viewed by society is called:

► Financial status
► Qualification
► Social status
► Achievement

Question No: 4 ( Quiz ) – Please choose one
An individual’s need to be recognized is called:

► Need for independence
► Need for affiliation
► Need of fame
► Need for achievement

Question No: 5 ( Quiz ) – Please choose one
With a commercial history of only 300 years, which country was a new comer to the international arena?

► Japan
► U.S
► China
► U.K

Question No: 6 ( Quiz ) – Please choose one
International entrepreneur’s decisions are more complex because of:

► Business expansion
► Analysis of Huge information is difficult
► Complex transactions
► Uncontrollable factors

Question No: 7 ( Quiz ) – Please choose one
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

Question No: 8 ( Quiz ) – Please choose one
Which one of the following is an important source of idea generation due to their familiarity with the needs of market?

► Existing products and services
► Distribution channels
► Federal government
► Consumers

Question No: 9 ( Quiz ) – Please choose one
Which of the following techniques is an excellent method for intial screening of ideas and concepts?

► Focus group
► Problem inventory analysis
► Brain storming
► Reverse brainstorming

Question No: 10 ( Quiz ) – Please choose one
Which one of the following is the next stage to the Concept Stage of Product Planning and Development Process?

► Idea Stage
► Product Planning Stage
► Product Development Stage
► Test Marketing Stage

Question No: 11 ( Quiz ) – Please choose one
Which one of the following is a method for obtaining new ideas and solutions by focusing on problems?

► Product inventory analysis
► Gordon method
► Checklist method
► Scientific method

Question No: 12 ( Quiz ) – Please choose one
Which one of the following is the main problem for the entrepreneur in the beginning stages of creating a new venture?

► Lack of experience
► Limited resources
► Lack of education
► None of the given options

Question No: 13 ( Quiz ) – Please choose one
A legally binding agreement between two parties is called:

► A contract
► Licensing
► Insurance
► A copyright

Question No: 14 ( Quiz ) – Please choose one
Which of the following is included in the description of the business?

► Location
► Products offered
► History
► All of the given options

Question No: 15 ( Quiz ) – Please choose one
The marketing perspective of business plan considers the venture through the eyes of:

► Investor
► Customer
► Entrepreneur
► Marketing manager

Question No: 16 ( Quiz ) – Please choose one
Which one of the following is NOT a condition of a contract?

► An offer is made
► An acceptance of offer
► Counter offer
► Consideration is given

Question No: 17 ( Quiz ) – Please choose one
For which of the following copy right acquisition is desirable?

► Songs
► Poems
► Models
► All of the given options

Question No: 18 ( Quiz ) – Please choose one
Which of the following is TRUE for Disclosure Document?

► It gives recognition that he was the inventor of the idea in past
► It gives recognition that he is the first the inventor of the idea
► It gives recognition that he will be the invent an idea in future
► It gives recognition that he wants to copy the idea

Question No: 19 ( Quiz ) – Please choose one
Trade barriers cause:

► Increase in cost
► Decrease in cost
► Increase in profit
► None of the given options

Question No: 20 ( Quiz ) – Please choose one
Having more than 50% ownership position that provides the entrepreneur with managerial control is called:

► Joint venture
► Majority interest
► Horizontal merger
► Diversified activity merger