McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Master of Business Administration (MBA) .
Chapters
| 1. |
New small business owners have which of the following two common motivations? |
| A. | Be their own bosses, greater reward potential |
| B. | Achieve dependence, less reward potential |
| C. | Achieves dependence, become a stakeholder |
| D. | Be their own bosses, lower reward potential |
| Answer» A. Be their own bosses, greater reward potential | |
| 2. |
The other names for a small business include: |
| A. | Entrepreneurial businesses |
| B. | Small businesses |
| C. | Small-to-medium-sized-businesses |
| D. | none |
| Answer» D. none | |
| 3. |
According to development commissioner a sick company should have : |
| A. | Less than 50% capacity utilization |
| B. | More than 50% erosion in net worth |
| C. | Unit has remained closed for a period of more than six months |
| D. | Bank financing is restricted to 25% of networth. |
| Answer» D. Bank financing is restricted to 25% of networth. | |
| 4. |
Incipient sickness is not an indication of: |
| A. | Continuous cash losses from year to year and trend is expected to continue in future |
| B. | Continuous losses for last two years |
| C. | Deterioration in the current ratio |
| D. | Gradual erosion in the networth during the previous and current financial years |
| Answer» B. Continuous losses for last two years | |
| 5. |
Industrial sickness occurs as per Kapoor Committee if: |
| A. | Cash losses to a minimum 50% of networth |
| B. | Cash losses to a maximum 50% of peak networth |
| C. | Accumulated cash losses to a minimum 50% of peak networth |
| D. | Cash losses to a maximum 50% of networth |
| Answer» C. Accumulated cash losses to a minimum 50% of peak networth | |
| 6. |
BIFR became operational from: |
| A. | 1st April, 1987 |
| B. | 15th May, 1987 |
| C. | 1st July, 1987 |
| D. | 30th Sept. 1987 |
| Answer» B. 15th May, 1987 | |
| 7. |
Committee concerned with industrial sickness is: |
| A. | Kapoor committee |
| B. | Nayak committee |
| C. | Goswami committee |
| D. | Gupta committee |
| Answer» C. Goswami committee | |
| 8. |
Tiny sector was launched by |
| A. | IPR-1948 |
| B. | IPR- 1980 |
| C. | IPR- 1985 |
| D. | IPR- 1990 |
| Answer» C. IPR- 1985 | |
| 9. |
Number of items dereserved during 2001-02 was: |
| A. | 45 |
| B. | 49 |
| C. | 50 |
| D. | 51 |
| Answer» D. 51 | |
| 10. |
Nayak Committee was concerned with: |
| A. | Reservation of items |
| B. | Subsidy and incentives |
| C. | Investment ceiling |
| D. | Institutional credit |
| Answer» D. Institutional credit | |
| 11. |
Which Committee has given focus on cluster system; |
| A. | Kapoor committee |
| B. | Nayak committee |
| C. | Goswami committee |
| D. | AbidHussain Committee |
| Answer» D. AbidHussain Committee | |
| 12. |
Abolition of Reservations was recommended by: |
| A. | Kapoor committee |
| B. | Nayak committee |
| C. | AbidHussain committee |
| D. | Gupta committee |
| Answer» C. AbidHussain committee | |
| 13. |
Kapoor Committee was constituted to assess: |
| A. | Reservation of items |
| B. | Investment ceiling |
| C. | Credit delivery system |
| D. | Government support system |
| Answer» D. Government support system | |
| 14. |
Policy of reservation was primarily initiated in |
| A. | 1976 |
| B. | 1967 |
| C. | 1997 |
| D. | 1982 |
| Answer» B. 1967 | |
| 15. |
Violation of reservation policy is punishable under |
| A. | Small Industries act |
| B. | Consumer protection act |
| C. | I (D & R) Act |
| D. | None of the above |
| Answer» C. I (D & R) Act | |
| 16. |
______ are three basic forms of franchising. |
| A. | Sole proprietorship, partnership, and corporation |
| B. | Product, service, and mix-format |
| C. | Trade name, product distribution, and business format |
| D. | Regional, local, and global |
| Answer» C. Trade name, product distribution, and business format | |
| 17. |
______ is a document designed to detail the major characteristics of a firm. |
| A. | Mission statement |
| B. | Business plan |
| C. | Executive summary |
| D. | Marketing plan |
| Answer» B. Business plan | |
| 18. |
______ is NOT a business plan concern of family and friend investors. |
| A. | Amounts and schedules for returns |
| B. | Funds use |
| C. | Competitive advantage |
| D. | Stability of firm |
| Answer» C. Competitive advantage | |
| 19. |
All of these are business plan concerns of bankers EXCEPT |
| A. | Monitoring compliance. |
| B. | Asset/collateral base. |
| C. | Cash flow and cash cycle. |
| D. | Long-term prospects. |
| Answer» A. Monitoring compliance. | |
| 20. |
______ is not included in the business planning presentation types. |
| A. | Mission |
| B. | Elevator pitch |
| C. | Executive summary |
| D. | Annual objectives |
| Answer» D. Annual objectives | |
| 21. |
What is an ideal length of an elevator pitch? |
| A. | 20 – 50 words |
| B. | 250 – 500 words |
| C. | 60 – 100 words |
| D. | 5 – 10 words |
| Answer» C. 60 – 100 words | |
| 22. |
The firm's goals and competitive advantages can be described by |
| A. | Mission statement. |
| B. | Vision statement. |
| C. | Executive summary. |
| D. | Elevator pitch. |
| Answer» A. Mission statement. | |
| 23. |
_______ is a one- to two-page overview of the business, its business model, market, expectations, and immediate goals. |
| A. | Vision statement |
| B. | Executive summary |
| C. | Mission statement |
| D. | Elevator pitch |
| Answer» B. Executive summary | |
| 24. |
The appropriate size for a business plan, where the type of business is well established is |
| A. | 25 pages. |
| B. | 10 pages. |
| C. | 10 pages. |
| D. | 40 pages. |
| Answer» C. 10 pages. | |
| 25. |
A one-page document on letterhead introducing the business plan is considered a |
| A. | Cover letter. |
| B. | Business plan. |
| C. | Outline. |
| D. | Executive summary. |
| Answer» A. Cover letter. | |
| 26. |
______ is a product or service that is kept as a trade secret or is protected legally using patients, trademarks, copyright, or service mark. |
| A. | Tagline |
| B. | Pioneering business |
| C. | Test marketing |
| D. | Proprietary technology |
| Answer» C. Test marketing | |
| 27. |
______ is NOT an idea that good marketing strategy focuses on. |
| A. | Harvesting the business plan |
| B. | Overall strategy your firm pursues in the market |
| C. | The sales plan |
| D. | The longer-term competitive plan |
| Answer» A. Harvesting the business plan | |
| 28. |
______ is a statement that is not expected in the business plan. |
| A. | Balance sheet |
| B. | Income statement |
| C. | SEC filing statement |
| D. | Cash flow statement |
| Answer» C. SEC filing statement | |
| 29. |
______ is when a firm sells its products in a limited area, for a limited time. |
| A. | R & D venture |
| B. | Pioneering business |
| C. | New entrant business |
| D. | Test marketing |
| Answer» D. Test marketing | |
| 30. |
______ is a firm whose product is new to the industry. |
| A. | R & D venture |
| B. | Pioneering business |
| C. | New entrant business |
| D. | Test marketing |
| Answer» B. Pioneering business | |
| 31. |
All of these are special purpose plans EXCEPT which of these? |
| A. | Business plan |
| B. | Screening plan |
| C. | Invention plan |
| D. | Informational plan |
| Answer» A. Business plan | |
| 32. |
______ provides information on the company and critical risks to prospective business partners. |
| A. | Partner plan |
| B. | Invention plan |
| C. | Operational plan |
| D. | Concept plan |
| Answer» A. Partner plan | |
| 33. |
Out of the total population of people you approach, __________ is the percentage of people who buy. |
| A. | Mini plan |
| B. | Test marketing |
| C. | Hit rate |
| D. | Proof-of-concept |
| Answer» C. Hit rate | |
| 34. |
The distinction between an "entrepreneur" and "small business owner" , if made, revolves around: |
| A. | a.really nothing; they are truly one and the same |
| B. | b.the Small Business Administration definitions |
| C. | c.whether the business is an Internet based one or not |
| D. | d.the risk taking or re-invention of a business vs. someone who "simply" starts a |
| Answer» B. b.the Small Business Administration definitions | |
| 35. |
Which of the following was NOT one of the classifications of entrepreneurs presented in our text? |
| A. | Franchise entrepreneur |
| B. | Classic entrepreneur |
| C. | Multipreneur |
| D. | Intrapreneur |
| Answer» A. Franchise entrepreneur | |
| 36. |
The primary reason entrepeneurs start companies is to: |
| A. | prove they could do it |
| B. | recover from a layoff |
| C. | create something new |
| D. | make money |
| Answer» C. create something new | |
| 37. |
One study found that entrepreneurs tend to demonstrate all of the following traits except: |
| A. | opinionated |
| B. | emotionally aloof |
| C. | calm |
| D. | focused |
| Answer» A. opinionated | |
| 38. |
The technical characteristics of the small business would include all of the following except: |
| A. | independently managed |
| B. | owned by an individual or a small group of investors |
| C. | based locally, even though the market might be widespread |
| D. | significant influence in its industry |
| Answer» B. owned by an individual or a small group of investors | |
| 39. |
Which of the following might be termed a disadvantage faced by the small business? |
| A. | a.greater flexibility |
| B. | b.greater ability to serve specialized markets |
| C. | c.extreme personal commitment of the owner |
| D. | d.more personal service |
| Answer» D. d.more personal service | |
| 40. |
Key features of a well written business plan would include all of the following except: |
| A. | financial plan |
| B. | description of the product |
| C. | an analysis of the market |
| D. | a review of the advertising firms analyzed |
| Answer» D. a review of the advertising firms analyzed | |
| 41. |
Which of the following is not a main element of the project management process? |
| A. | Estimation. |
| B. | Schedule. |
| C. | Monitor. |
| D. | Systems design. |
| Answer» D. Systems design. | |
| 42. |
Which of the following is not a main project objective? |
| A. | Time. |
| B. | Structure. |
| C. | Quality. |
| D. | Cost. |
| Answer» B. Structure. | |
| 43. |
Which of the following is a main PRINCE project aim? |
| A. | Stay within budget. |
| B. | Meet specified quantity. |
| C. | Meet specified quality. |
| D. | All of the above |
| Answer» D. All of the above | |
| 44. |
Which of the following is not a reason to reduce project completion time? |
| A. | Release resources for other projects. |
| B. | Avoid penalties for late completion. |
| C. | Eliminate project critical path. |
| D. | Reduce new product development time to market. |
| Answer» C. Eliminate project critical path. | |
| 45. |
Which of the following is the benefit of the network analysis approach? |
| A. | Eliminate need for management judgement. |
| B. | Avoid need to use structured approach. |
| C. | Allows progress to be monitored against plan. |
| D. | Derive error free forecasts. |
| Answer» C. Allows progress to be monitored against plan. | |
| 46. |
A project can be considered to have failed if it: |
| A. | does not meet the users' requirements. |
| B. | overran significantly on estimated delivery date. |
| C. | was significantly over budget. |
| D. | does not meet the business requirements. |
| Answer» D. does not meet the business requirements. | |
| 47. |
Why are small businesses important to a country's economy? |
| A. | They give an outlet for entrepreneurs. |
| B. | They can provide specialist support to larger companies. |
| C. | They can be innovators of new products. |
| D. | All the above. |
| Answer» D. All the above. | |
| 48. |
Which of the following factors is the most important in forcing U.S companies to focus on new product development and increased productivity? |
| A. | Entrepreneurship |
| B. | Hyper competition |
| C. | Governmental laws |
| D. | Organizational culture |
| Answer» B. Hyper competition | |
| 49. |
Which of the following is alternatively called corporate venturing? |
| A. | Entrepreneurship |
| B. | Intrapreneurship |
| C. | Act of stating a new venture |
| D. | Offering new products by an existing company |
| Answer» B. Intrapreneurship | |
| 50. |
Individuals influencing an entrepreneur’s career choice and style are known as which of the following? |
| A. | Moral-support network |
| B. | Role model |
| C. | Professional support network |
| D. | Support system |
| Answer» B. Role model | |
Done Studing? Take A Test.
Great job completing your study session! Now it's time to put your knowledge to the test. Challenge yourself, see how much you've learned, and identify areas for improvement. Don’t worry, this is all part of the journey to mastery. Ready for the next step? Take a quiz to solidify what you've just studied.