MIDTERM EXAMINATION

FALL 2007
Marks: 40
MGT602 - ENTREPRENEURSHIP (Session - 6 )
Marks
Question No: 1 ( Marks: 1 ) - Please choose one
Combination of at least two firms doing similar businesses at the same level is:
Horizontal Merger (page 32)
Vertical Merger
Product Extension Merger
Diversified Activity Merger
Question No: 2 ( Marks: 1 ) - Please choose one
A ______________ is an entity formed between two or more parties to undertake economic activity together.
Indirect Exporting
Joint Venture
Licensing
Entrepreneurship (not sure )
Question No: 3 ( Marks: 1 ) - Please choose one
Combination of at least two firms at different market levels is:
Horizontal Merger
Vertical Merger(page 36)
Product Extension Merger
Diversified Activity Merger
Question No: 4 ( Marks: 1 ) - Please choose one
______________ is a method of developing new ideas when the individuals are unaware of the problem.
Checklist Method
Free Association Method
Gordon Method (page 41)
Scientific Method
Question No: 5 ( Marks: 1 ) - Please choose one
The spirit of entrepreneurs must be:
Ethically influenced
Managerial
Voluntary
None of the given options (page 16)
Question No: 6 ( Marks: 1 ) - Please choose one
Most of the innovations are:
Iterative Synthesis
Ordinary Innovation (page 8)
Technological Innovations
Breakthrough Innovations
Question No: 7 ( Marks: 1 ) - Please choose one
The _________________ refers to the ways managers make decisions.
Administrative domain (page 14)
Entrepreneurial domain
Intrapreneurial domain
All of the given options
Question No: 8 ( Marks: 1 ) - Please choose one
Without _______________ , the organization will never be able to make the necessary change.
Lower Management
Top Management (page 20)
Middle Management
None of the given options
Question No: 9 ( Marks: 1 ) - Please choose one
The companies use the technology to make itself:
Faster and Flexible(page 21)
Faster and Stiff
Inflexible and rigid
All of the given options
Question No: 10 ( Marks: 1 ) - Please choose one
The___________________ is the term used to describe the complete process of bringing a new product or service to market.
Idea Stage
Concept Stage
Product Development
Test Marketing Stage (not sure )
Question No: 11 ( Marks: 1 ) - Please choose one
The belief that entrepreneurship is found only in small businesses is a misconception about entrepreneurship
.
True (not sure )
False
Question No: 12 ( Marks: 1 ) - Please choose one
Demographics are the linkage of economies and cultures that foster a business and
competitive situation in which organizations have no national boundaries.
True
False

Question No: 13 ( Marks: 1 ) - Please choose one

Ethics involves the rules and principles that define right and wrong decisions and behaviors.
True
False (page 11)
Question No: 14 ( Marks: 1 ) - Please choose one
Venture capital is external equity funding provided by professionally managed pools of investor money.
True (not sure )
False
Question No: 15 ( Marks: 1 ) - Please choose one
Plans are outcomes or end results that are desired by individuals, groups, or organizations.
True
False
Question No: 16 ( Marks: 5 )
Describe the role of entrepreneurship in existing organizations.
Question No: 17 ( Marks: 5 )
How the entrepreneurial culture differs from the traditional culture?
Question No: 18 ( Marks: 5 )
Why is it important for the entrepreneurs to consider the political legal environment while
starting a new venture?
Question No: 19 ( Marks: 10 )
What are the alternatives available for engaging in international business? Briefly Discuss.