Question No: 1 ( Marks: 1 ) – Please choose one
Health insurance premium is less expensive if there is:
► One insured participants
► Ten participants
► Large group of participants
► Very small group of participants
Question No: 2 ( Marks: 1 ) – Please choose one
Which one of the following reviews the trends and competitive strategies?
► Environmental analysis
► Product forecast
► Contingency plan
► Industry analysis
Question No: 3 ( Marks: 1 ) – Please choose one
An entrepreneur is a person who is a:
► Risk taker (this is first and fore most)
► Initiator
► Actor
► All of the given options
Question No: 4 ( Marks: 1 ) – Please choose one
Which of the following is NOT a potential cost of becoming an entrepreneur?
► Financial reward
► Long hours
► Financial insecurity
► Loneliness
Question No: 5 ( Marks: 1 ) – Please choose one
Gazelles are the firms with:
► High growth rate
► Moderate growth rate
► Zero growth rate
► Low growth rate
Question No: 6 ( Marks: 1 ) – Please choose one
Which of the following is a fourth step in the entrepreneurial process?
► Developing successful business ideas
► Deciding to become an entrepreneur
► Growing the entrepreneurial firm
► Moving from an idea to an entrepreneurial firm
Question No: 7 ( Marks: 1 ) – Please choose one
Which of the following is NOT included in the opportunity evaluation process?
► Length of the opportunity
► Real and perceived value of opportunity
► Goals and objectives of customers
► Risks and rewards of opportunity
Question No: 8 ( Marks: 1 ) – Please choose one
The difference of the entrepreneurial and managerial domains has contributed towards an increase interest in which of the following?
► Forming new firms
► Partnership
► Entrepreneurship
► Private firms
Question No: 9 ( Marks: 1 ) – Please choose one
Which of the following is very important to develop a good team for creating something new?
► Non flexible behavior
► Discouragement of team member’s ideas
► Nepotism
► Open discussion
Question No: 10 ( Marks: 1 ) – Please choose one
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
Question No: 11 ( Marks: 1 ) – Please choose one
Which of the following system is necessary for expansion or elimination of entrepreneurial units?
► Management
► Evaluation
► Reward
► Training
Question No: 12 ( Marks: 1 ) – Please choose one
What takes place during the product-evolution process?
► Innovation is developed and commercialized through entrepreneurial activity
► The product/service is evaluated and any scope of further development is charted
► The business branches into separate units of development and marketing
► The product/service is evaluated to identify its global marketability
Question No: 13 ( Marks: 1 ) – Please choose one
A set of reasons for engaging in a particular behavior, especially human behavior is known as which of the following?
► Values
► Vision
► Entrepreneurship
► Motivation
Question No: 14 ( Marks: 1 ) – Please choose one
Which one of the following is NOT true about male entrepreneurs? This is totally a question of personal character but now as there is equal opportunity then we can say:
► Males often have investors, bank loans, or personal loans in addition to personal funds (Both Gender have same)
► Males often have more experience in manufacturing, finance, or technical areas
► Men are often more confident and less flexible and tolerant
► Men usually list outside advisors as the least important supporters
Question No: 15 ( Marks: 1 ) – Please choose one
The former USSR received technology and syrup from Pepsi and provided it with Soviet vodka and rights to distribute it in the US. This is an example of:
► Economic development
► Barter system
► Balance of payment
► International trade
Question No: 16 ( Marks: 1 ) – Please choose one
An entrepreneur doing business within the national border is called:
► International entrepreneurship
► Intrapreneurship
► Domestic entrepreneurship
► None of the given options
Question No: 17 ( Marks: 1 ) – Please choose one
Which of the following abilities must be possessed by an entrepreneur?
► Creative
► Conceptualization
► Understanding environment
► All of the given options
Question No: 18 ( Marks: 1 ) – Please choose one
Which of the following refers to new products with some technological change?
► Ordinary innovation
► Technological innovation
► Breakthrough innovation
► Technical innovation
Question No: 19 ( Marks: 1 ) – Please choose one
According to research, when do the male entrepreneurs tend to start their first significant venture?
► In their early 20s
► In their early 30s
► In their early 40s
► In their early 50s
Question No: 20 ( Marks: 1 ) – Please choose one
In terms of personality, there are strong similarities between men and women entrepreneurs. Which of the following does not refer to this statement?
► Both are energetic
► Both are goal oriented
► They want to be independent
► Males are more confident than women
Question No: 21 ( Marks: 1 ) – Please choose one
“Lira” is a currency of which of the following country? I am sorry to understand but if I correctly understand lira is Turkish.
► Italy
► Germany
► France
► Iran
Question No: 22 ( Marks: 1 ) – Please choose one
Which of the following statements best describes “barter”?
► It refers to paying for goods indirectly through another source
► It is a method of payment using nonmoney items
► It refers to buying and selling of commodities
► It is a systematic record of a nation’s total payments to foreign countries
Question No: 23 ( Marks: 1 ) – Please choose one
Identify the term which best describes the term “management contracts”?
► It refers to selling goods made in one country to another country
► It refers to buying and selling of commodities
► It is a commercial activity of buying and bringing in goods from a foreign country
► It is method of doing specific international task
Question No: 24 ( Marks: 1 ) – Please choose one
Which of the following best defines “majority interest”?
► It refers to having less than 50 percent ownership position
► It refers to forming a third company by combining two companies
► It refers to having more than 50 percent ownership position (this is case where there are only two partner when there are many like in public companies there may be majority with some one even only with as less as 5 %)
► It refers to selling goods made in one country to another country
Question No: 25 ( Marks: 1 ) – Please choose one
Which of the following best defines “market extension merger”?
► It refers to combining two firms with noncompeting products
► It refers to forming a third company by combining two companies
► It refers to having more than 50 percent ownership position
► It refers to combining at least two firms with similar products in different geographical market
Question No: 26 ( Marks: 1 ) – Please choose one
In Sweeden, a national survey of 1,500 female entrepreneurs and 300 male entrepreneurs broke down the population of entrepreneurs into three subclasses. Identify what percent of married women contributes to overall population of entrepreneurs.
► 17 percent
► 27 percent
► 37 percent
► 47 percent
Question No: 27 ( Marks: 1 ) – Please choose one
Which of the following statements best defines “brainstorming”? Actually its intensive discussion on one subject to give the participant some information
► It refers to groups of individuals providing in a structured format
► It refers to a group method for obtaining new ideas and solutions
► It refers to a method for obtaining new ideas and solutions by focusing on problems
► It refers to a method for obtaining new ideas focusing on the parameters
Question No: 28 ( Marks: 1 ) – Please choose one
Which of the following statements best defines “value analysis”?
► It refers to developing a new idea through a chain of word associations
► It refers to developing a new idea by looking at product combinations
► It refers to developing a new idea through inquiry and testing
► It refers to developing a new idea by evaluating the worth of aspects of ideas
Question No: 29 ( Marks: 1 ) – Please choose one
All of the following are included in intellectual property Except:
► Patent
► Trademark
► Copyright
► Machinery
Question No: 30 ( Marks: 1 ) – Please choose one
Which of the following best describes “plant patents”?
► It grants the owner protection from anyone else making, using, and/or selling the invention
► It covers the original and ornamental aspects of a product
► It covers certain types of plants
► None of the given options
Question No: 31 ( Marks: 1 ) – Please choose one
Which of the following denote no relationship between the mark and the goods or services?
► Coined marks
► Arbitrary marks
► Suggestive marks
► Descriptive marks
Question No: 32 ( Marks: 1 ) – 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 inventor of an idea in future
► It gives recognition that he wants to copy the idea
Question No: 33 ( Marks: 1 ) – Please choose one
Which of the following best describes “contract”?
► It refers to a legally binding agreement between two parties
► It grants holder protection from others making, using or selling similar idea
► It may be a word, symbol, design or some combination that identifies the source of certain goods
► It refers to a legal document giving official permission to do something
Question No: 34 ( Marks: 1 ) – Please choose one
Which of the following is Not an essential item in an agreement to provide the best legal protection?
► All the parties involved should be named and their specific roles in the transaction specified
► Transaction should not be described in detail
► Exact value of the transaction should be specified
► Obtain signature of the person involved in the deal
Question No: 35 ( Marks: 3 )
How the business plan is presented to potential investors?
Now this depends from person to person who is presenting and from investor to investor, like if investor is a person then there might be some other ways while if its intuition then they might as for some specific requirement but any way some are as:
- It should be have the financial data
- It should show that his investments will be save
- It should show how much return he will get
- It should show you are capable to run the business
- It should show business is competitive and have advantage
And many other like IRR, Ratios, Grantees and so on. But most important how you present it and how you show the data, as your presentation should be very effective to get him listen to you.
Question No: 36 ( Marks: 5 )
Discuss essential items in an agreement to provide the best legal protection.
Agreement are governed by some laws usually they are called law of contacts, so there are many essential for this purpose.
- Though agreement can be oral but you have to write to give it legal protection
- It should be signed and stamped by the parties
- Their name, identification and address should be written clearly
- It should be signed by witnesses
- It should be stamped and signed by legal bodies like chamber of commerce like in KSA
- It should be written in clear language with straight and one meaning
- Agreement cant with done with underage person
- Agreement can only be for legal businesses
And many other depending on the country to country and nature of agreement also.
Question No: 37 ( Marks: 5 )
Discuss the General Agreement on Tariff and Trade (GATT) and its purpose.
GATT was old agreement for international trade, which has been replaced by new one called WTO. This agreement was providing how trade will be done between countries. It was most important for importer and exporter and was valid almost around the world. But now as a better and sounder system has taken its place which is called as WTO so this is no longer of the use.
The purpose of GATT was to facilitate the trade between countries when after the world war and industrial revolution trade started to grow fast, need to regulate it come, as there were a lot of problem how to move good especially in sea. So this agreement was the guide line for countries to deal with each other.
I have not studies about this GATT so I cant say much but sure it was faulty that why not new WTO has taken its place and is now working.