MGT602 Quiz 2 December 2025

Quiz 1 - MGT602

Question:

A complex business is likely to have a very lengthy business plan.

A. False

B. True

Copied: 12/30/2025, 9:09:44 PM

Quiz 2 - MGT602

Question:

An entrepreneur’s traits of ________________ help him in production and operations of business

A. Learning from trial and error B. Determination C. Productivity and efficiency

D. All of the given options are correct

Copied: 12/30/2025, 9:10:00 PM

Quiz 3 - MGT602

Question:

Business plan then business idea then business practice is the wrong sequence.

A. False

B. True

Copied: 12/30/2025, 9:10:17 PM

Quiz 4 - MGT602

Question:

An idea must meet the criteria of an opportunity.

A. True

B. False Copied: 12/30/2025, 9:10:36 PM

Quiz 5 - MGT602

Question:

The integral part of doing any business is to keep track of the competitors and the industry which is termed as:

A. Market research B. Industrial analysis C. Competitors’ analysis

D. Market intelligence

Copied: 12/30/2025, 9:10:53 PM

Quiz 6 - MGT602

Question:

In ________________________, an entrepreneur sees the problem or gap and an opportunity to create a business and fills the gap.

A. Joint ventures B. Externally stimulated ventures

C. Internally stimulated ventures

D. Concept based business Copied: 12/30/2025, 9:11:12 PM

Quiz 7 - MGT602

Question:

Which of the following is a rich and most used source of information?

1. Internet
2. Experts
3. Libraries
4. Incubation centers

Correct answer: Internet

Copied: 12/30/2025, 9:11:36 PM

Quiz 8 - MGT602

Question:

Business idea broadly provides details about:

A. Concept of a business

B. Outcome of a business C. Merits of a business D. Planning of a business Copied: 12/30/2025, 9:11:55 PM