MGT602 Final Term Past Papers 8

FINALTERM EXAMINATION Fall 2008 MGT602Entrepreneurship (Session - 1)

Q1. Which two work environments should be good for spawning the new enterprises? (1 marks)

Marketing and R&D

Marketing and IT Finance and marketing Finance and R&D

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Q2. Most important factor in forming a new business is: (1 marks)

Finance

Marketing Government support Family support

Q3. Which one of the following is the process of entrepreneurs developing new products that over time make current products obsolete? (1 marks)

None of the given options Anatomization

Creative destruction

New business model

Q4. The resources acquired from outsiders(creditors, banks etc) are usually: Easily available (1 marks)

Difficult to obtain

Very useful Very cheap

Q5. A set of reasons for engaging in a particular behavior, especially human behavior is known as _____________. (1 marks)

Values Vision Entrepreneurship

Q6. The level at which an individual is viewed by society is called: (1 marks)

Financial status Qualification

Social status

Achievement

Social status: The level at which an individual in viewed by society

Q7. Which one of the following can serve entrepreneur as a consultant of the business plan? Lawyer (1 marks)

Accountants Marketers

Ref: The business plan should be prepared by the entrepreneur; however, he or she may consult many sources. Lawyers, accountants, marketing consultants, and engineers are useful supplemental sources. (Handouts Page No. 54)

Q8. Which of the following is NOT studied in industry analysis? (1 marks)

Economic conditions Technology advancements

Organizational culture

Legal concerns Ref: Examples of environmental factors are: Economy Culture Technology Legal concerns (Handouts Page No. 57)

Q9. Which one of the factors should be considered while assessing the location for business? Parking (1 marks)

Access from roadways to facility Delivery rates