McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Master of Business Administration (MBA) .
Chapters
| 201. |
________ is a strategy designed for situations in which the organization's performance problems are very serious, as reflected by its performance measures. |
| A. | Retrenchment |
| B. | Turnaround |
| C. | Expansion |
| D. | Diversification |
| Answer» B. Turnaround | |
| 202. |
_______ is a radical redesign of the organization's business processes. |
| A. | Reengineering |
| B. | Downsizing |
| C. | Bankruptcy |
| D. | Expanding |
| Answer» A. Reengineering | |
| 203. |
Which of the following restructuring actions involves laying off employees from their jobs? |
| A. | Reengineering |
| B. | Downsizing |
| C. | Bankruptcy |
| D. | Expanding |
| Answer» B. Downsizing | |
| 204. |
______ involves dissolving or reorganizing a business under the protection of bankruptcy legislations. |
| A. | Reengineering |
| B. | Downsizing |
| C. | Bankruptcy |
| D. | Expansion |
| Answer» A. Reengineering | |
| 205. |
Valuation techniques generally fall into any of the following categories EXCEPT: |
| A. | Asset valuations |
| B. | Earnings valuations |
| C. | Cash flow valuation |
| D. | Depreciation valuation |
| Answer» B. Earnings valuations | |
| 206. |
Which of the following agencies was created specifically to foster the creation, growth, and expansion of minority-owned businesses in the United States? |
| A. | SCORE |
| B. | Minority Business Development Agency |
| C. | The World Trade Organization |
| D. | The Federal Reserve |
| Answer» D. The Federal Reserve | |
| 207. |
Entrepreneurships require financial backing in order to get started in the business world. Which of the following is not one of the methods commonly utilized to obtain the financial resources needed? |
| A. | Equity |
| B. | Commercial loans |
| C. | Personal finances provided by friends |
| D. | Venture capitalists |
| Answer» C. Personal finances provided by friends | |
| 208. |
_________ financing is raising money by selling part of the ownership of the business to investors. |
| A. | Debt |
| B. | Equity |
| C. | Venture capitalist |
| D. | Public offering |
| Answer» B. Equity | |
| 209. |
Of the following, which one would not be considered an alternative to independent entrepreneurship? |
| A. | Franchise |
| B. | Spin-off |
| C. | Intrapreneurship |
| D. | Extrapreneurship |
| Answer» D. Extrapreneurship | |
| 210. |
Of the following, which is best identified as an independent entrepreneurship that produces a product or service that originated in a large company? |
| A. | Diversification |
| B. | Intrapreneurship |
| C. | Trade-off |
| D. | Franchise |
| Answer» C. Trade-off | |
| 211. |
In franchising, the entrepreneur assumes fewer risks because the franchise provides all but which one of the following? |
| A. | Established market for the product |
| B. | Management assistance in operating the business |
| C. | Economies of scale for purchasing |
| D. | Oversale of rights |
| Answer» D. Oversale of rights | |
| 212. |
Which of the following is the reason for business failure __________. |
| A. | Lack of market research. |
| B. | Poor financial control. |
| C. | Poor management. |
| D. | All the above. |
| Answer» D. All the above. | |
| 213. |
Goods or services reach the market place through ________. |
| A. | marketing channels. |
| B. | multilevel pyramids. |
| C. | monopolies. |
| D. | multiplication. |
| Answer» C. monopolies. | |
| 214. |
To provide financial assistance to entrepreneurs the government has set up a number of___________. |
| A. | financial advisors. |
| B. | financial intermediaries. |
| C. | Industrial estates. |
| D. | financial institutions. |
| Answer» B. financial intermediaries. | |
| 215. |
State Industrial corporations engage in the development of__________. |
| A. | industrial estates. |
| B. | institutional estates. |
| C. | individual investors. |
| D. | agricultural entrepreneurs |
| Answer» D. agricultural entrepreneurs | |
| 216. |
Competitor analysis begins with: |
| A. | Gathering samples of the competitors’ product(s). |
| B. | Discovering each competitors advertising budget. |
| C. | Documenting the current strategy of each primary competitor. |
| D. | Identifying which competitors are most successful. |
| Answer» C. Documenting the current strategy of each primary competitor. | |
| 217. |
Marketing research begins with: |
| A. | Setting the advertising budget. |
| B. | Definition of objectives or purpose. |
| C. | Identifying direct marketing strategy. |
| D. | Collecting a list of primary and secondary sources of information. |
| Answer» C. Identifying direct marketing strategy. | |
| 218. |
Which stage of marketing research is considered to be the most difficult for an entrepreneur due to lack of knowledge or experience in marketing? |
| A. | Analyzing and interpreting the results |
| B. | Gathering data from primary sources |
| C. | Gathering data from secondary sources |
| D. | Defining the purpose or objectives |
| Answer» B. Gathering data from primary sources | |
| 219. |
The major interacting components that enable a firm to successfully provide products to the marketplace are called the: |
| A. | Marketing plan. |
| B. | Marketing mix. |
| C. | Marketing system. |
| D. | Marketing structure |
| Answer» B. Marketing mix. | |
| 220. |
The marketing mix consists of: |
| A. | Product, price, research, and promotion. |
| B. | Product, research, distribution, and promotion. |
| C. | Product, price, distribution, and promotion. |
| D. | Product, price, distribution, and research. |
| Answer» B. Product, research, distribution, and promotion. | |
| 221. |
Market segmentation is the process of: |
| A. | Describing market conditions. |
| B. | Dividing the market into smaller homogeneous groups. |
| C. | Presenting future opportunities. |
| D. | Exploring new market opportunities. |
| Answer» A. Describing market conditions. | |
| 222. |
The management team of a new venture: |
| A. | is encouraged to operate the business as a sideline. |
| B. | must operate the business full-time. |
| C. | can expect to draw a large salary. |
| D. | should be employed elsewhere to assure adequate income. |
| Answer» D. should be employed elsewhere to assure adequate income. | |
| 223. |
The _____ budget is used to project cash flows for the cost of goods produced. |
| A. | operating |
| B. | production |
| C. | capital |
| D. | depreciation |
| Answer» B. production | |
| 224. |
Fixed expenses: |
| A. | Are incurred regardless of sales volume. |
| B. | Can be estimated by taking into consideration the production. |
| C. | Includes labor, raw materials, and commissions. |
| D. | Must be linked to strategy in the business plan |
| Answer» C. Includes labor, raw materials, and commissions. | |
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.