MGT602 Final Term Updated MCQs by VU Topper RM

Q1. Vu-Topper RM (1 marks)

Which of the following statement is most true regarding a business plan? A. Business idea and business plan are same components B.

Business idea precedes business plan

C. Business plan precedes business idea D. Business idea is irrelevant to a business plan

Q2. Vu-Topper RM (1 marks)

A well written business plan leads to: A.

Refinement of a business output

B. Generation of a business idea C. Measurement of a business performance D. Effective initiation of a business

Q3. Vu-Topper RM (1 marks)

Short-term incentives to encourage the purchase or sale of a product or service is called: A. Advertising B. Personal selling C. Public relations

D. Sales promotion

Q4. Vu-Topper RM (1 marks)

A complex business is likely to have a very short business plan. A. True B.

False

Q5. Vu-Topper RM (1 marks)

Business idea is about concept of a business. A.

True

B. False

Q6. Vu-Topper RM (1 marks)

Appendix holds the supporting documents for the actual business plan. A.

True

B. False

Q7. Vu-Topper RM (1 marks)

Product value and packaging-related attributes are best discussed in the

A.

False

B. True

Q8. Vu-Topper RM (1 marks)

Nature of the business competition decides the length of a business plan. A. True B.

False

Q9. Vu-Topper RM (1 marks)

Consumer products are offered to firms for further processing or for use in conducting the business. A. True B.

False

Q10. Vu-Topper RM (1 marks)

Business idea then business plan then business practice is the right sequence. A.

True

B. False

Q11. Vu-Topper RM (1 marks)

Appendix is not a glimpse of the whole business plan document. A.

True

B. False

Q12. Vu-Topper RM (1 marks)

Business plan and business idea are different to each other. A.

True

B. False

Q13. Vu-Topper RM (1 marks)

Business plan tells us details about planning a business. A.

True

B. False

Q14. Vu-Topper RM (1 marks)

Business plan and business idea are same. A. True B.

False

Q15. Vu-Topper RM (1 marks)

Business plan then business idea then business practice is the correct sequence. A. True B.