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-III)
M.B.A (Sem.-III)
M.B.A (Sem.-III)
M.B.A (Sem.-III)
D) 1
Ans. D
21) Which of the following is not the type of Entrepreneur as per Arthur H Cole
A) Empirical
B) Fabian
C) Rational
D) Cognitive
Ans. B
22) Entrepreneurship is defined as a Systematic innovation ,which consists in the purposeful
and organized search for changes ,and it is the systematic analysis of the opportunities
such changes might offer economic and social innovation
A) Peter Drucker
B) Heggins
C) Mc Clelland
D) Schumpeter
Ans. A
23) Which of the following is a recommended strategy for retailers when consumers select the
outlet first and the brand second?
A) Appropriate pricing
B) Brand availability advertising
C) Brand image management
D) price special on brands
Ans: A
24) Which of the following is a recommended strategy for manufacturers when consumers
select the outlet first and the brand second?
A) Retailer image advertising
B) More exclusive distribution
C) point-of-purchase displays
D) Price special on brands
Ans: C
25) Consumers acquiring product through mail, telephone, or computer orders is referred to as
_____
A) Outsourcing
B) Outlet shopping
C) non-traditional shopping In-home shopping
D) all of the above
Ans: D
26) Which of the following is a category of products and services based on their purchase
characteristics relative to Internet shopping identified by Forrester Research?
A) high-touch goods
B) Search goods
C) Replenishment goods
D) Adventurous goods
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M.B.A (Sem.-III)
Ans: C
27) Which of the following category of products and services identified by Forrester Research
based on their purchase characteristics relative to Internet shopping consists of moderate
cost, high-frequency purchases?
A) Replenishment goods
B) Researched items
C) Convenience items
D) Shopping goods
Ans: A
28) Which of the following are the major reason consumers give for shopping online?
A) Want product delivered
B) Unique merchandise Price
C) Impulse
D) Convenience
Ans: D
29) Sales for which product or service classified, as researched items are the highest?
A) Food& beverage
B) Travel
C) Automotive parts
D) Computer hard/software
Ans: B
30) The major reason people give for not shopping on the Internet is _____.
A) Lack of touch
B) Security concerns
C) Too difficult
D) Unfamiliar merchants
Ans: B
31) MVM (My Virtual Model) helps consumers shopping online overcome which barrier?
A) Security
B) Information quantity
C) Lack of touch
D) Flow
Ans: C
32) Which of the following is an online shopper segment?
A) Shopping Lovers
B) Adventurous Explorers
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M.B.A (Sem.-III)
C) Suspicious Learners
D) all of the above
Ans: D
33) Which of the following is NOT an online shopper segment?
A) Technocrats
B) Adventurous Explorers
C) Suspicious Learners \Fun Seekers
D) All of the above are online shopper segments
Ans: A
34) What was the MAIN reason consumers gave in a survey for why they don't like shopping in
stores?
A) don't like shopping
B) Dealing with crowds
C) salespeople are poorly informed
D) Parking and traffic
Ans: C
35) Consumers who browse and/or purchase in more than one channel are known as _____.
A) cosmopolitan
B) Multi-channel shoppers
C) multi-taskers
D) Market mavens
Ans: B
M.B.A (Sem.-III)
39) Which of the following components represent the service dimension of a store's image?
A) Quality, selection, style, and price
B) Layaway plan, sales personnel, easy return, credit, and delivery
C) Location and parking
D) Congeniality, fun, excitement, and comfort
Ans: B
40) Good product offers and information, value, and alignment with consumers' interests are
components of which dimension of online retailer image?
A) Usefulness
B) Enjoyment
C) trustworthiness
D) familiarity
Ans: A
41) What is the key to success of store brands?
A) Low price
B) Low quality, but at a low price
C) High quality at a high price
D) High quality at a reasonable price
Ans: D
42) Sales of additional items to customers who came to purchase an advertised item are
referred to as _____.
A) Incremental sales
B) Spillover sales
C) Marginal sales
D) Sales plus
Ans: B
43) When a retailer represents a price as regularly $15.99, now $9.99, the $15.99 is called the
_____.
A) Starting price
B) base price
C) reference price
D) comparison price
Ans: C
44) Which of the following are types of reference prices?
A) Primary and secondary
B) Direct and indirect
C) Latent and manifest
D) internal and external
Ans: D
45) Which type of reference price does a marketer for the consumer to use to compare with the
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M.B.A (Sem.-III)
47) Any patents, trademarks, copyright or trade secrets held by the entrepreneur is known as
A) Disclosure document
B) Patent
C) Intellectual property
D) None of the mentioned
Ans: C
48) The organization will never be able to make the necessary changes without
A) Top Management commitment
B) Employees
C) Workers
D) None of the mentioned
Ans: A
49) The ways entrepreneurs make decisions.
A) Entrepreneurial domain
B) Reverse brain storming
C) Heuristics
D) Reverse brain storming
Ans: A
50) Locus of control is
A) A feeling
B) Attitude
C) Attribute
D) None of the above
Ans: C
51) Licensing arrangements have
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M.B.A (Sem.-III)
M.B.A (Sem.-III)
58) All of the following are recognized as potential sources of entrepreneurial ideas EXCEPT:
A) Work experiences. Skills. and abilities
B) Familiar and unfamiliar products and services
C) Personal interests or hobbies
D) All of the Selections are recognized as potential sources of entrepreneurial ideas.
Ans: D
59) An is an individual who creates something for the first time, is a highly driven individual
motivated by his or her own work and personal ideas.
A) Entrepreneur
B) Inventor
C) Both a and b
D) None of the given options
Ans: B
60) Is the process in marketing of dividing a market into distinct subsets (segments) that behave
in the same way or have similar needs?
A) Target Market
B) Market Analysis
C) Market Segmentation
D) All of the Above
Ans: C
61) A business where an individual is both the owner and conductor of the business affairs is
called.
A) Sole Proprietorship
B) Partnership
C) Corporation
D) None of the above
Ans: A
62) In, the entrepreneur has the night to sell any assets.
A) Proprietorship
B) Partnership
C) Limited Liability Company
D) Noneof the given options
Ans: A
63) An entrepreneur`s primary motivation for starting a business is
A) To make money
B) To be Independent
C) To be famous
D) To be powerful
Ans: B
64) To be successful in an entrepreneurial venture, you need
A) Money
B) Luck
C) Hard work
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M.B.A (Sem.-III)
D) A good idea
Ans: B
65) Entrepreneurs are best as
A) Managers
B) Venture capitalists
C) Planners
D) Doers
Ans: D
66) A successful entrepreneur relies on which of the following for critical management advice
A) Internal management team
B) External management Professionals
C) Financial sources
D) No one
Ans: B
67) Entrepreneurs are:
A) High-risk takers
B) Moderate risk takers
C) Small risk takers
D) Doesnt matter
Ans: B
68) Entrepreneurs typically form
A) Service businesses
B) Manufacturing companies
C) Constructive companies
D) A Variety of Ventures
Ans: D
69) Entrepreneurs:
A) Are the life of the party
B) Are bores at a cocktail party
C) Will never go to parties
D) just fit into the crowd at a party
Ans: D
70) Entrepreneurs and ventures capitalists:
A) Get along well
B) Are the best friends
C) Are cordial friends
D) Are in conflict
Ans: D
71) An individual usually begins his or her first significant entrepreneurial business enterprise
at what age
A) Teens
B) Twenties
C) Forties
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M.B.A (Sem.-III)
D) Fifties
Ans: C
72) Entrepreneurial experience becomes increasingly important as
A) Work load increases
B) Complexity of venture increases
C) Complexity of wok increases
D) None of the above
Ans: B
73) Entrepreneurs are concerned about basic issues of:
A) Sales, costs and benefits
B) Customers, sales and costs
C) Risk, costs and benefits
D) None of the above
Ans: A
74) Licensing arrangements have
A) Low risk process involved
B) Easy way to generate incremental income
C) Several pitfalls
D) All of the above
Ans: D
75) Entrepreneur has used joint ventures:
A) When the entrepreneur wants to purchase local knowledge
B) When rapid entry in to the market is needed
C) Both of the options given
D) None of the above
Ans: C
76) The starting point for a project is called a(n) ____________.
A) Systems request
B) Feasibility study
C) Key performance indicator
D) Project definition
Ans: D
77) _______________ Feasibility refers to the technical resources needed to develop,
purchase, install, or operate a system.
A) Operational
B) Technical
C) Economic
D) Schedule
Ans: B
78) An analyst has identified the costs for hardware repairs to the system. This will be
categorized as a _____.
A) tangible benefit
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M.B.A (Sem.-III)
B) intangible benefit
C) operational cost
D) development benefit
Ans: C
79) Faster decision making, information processing efficiency, and improved asset utilization
are examples of:
A) intangible costs
B) tangible costs
C) tangible benefits
D) intangible benefits
Ans: D
80) The process of assessing the degree to which the potential time frame and completion
dates for all major activities within a project meet organizational deadlines and constraints
for affecting change best describes:
A) Operational feasibility
B) Technical feasibility
C) Economic feasibility
D) Schedule feasibility
Ans: D
81) Which of the following is not an Operational feasibility vital issue?
A) Management support
B) Users training
C) Performance decline in some system parts
D) Cost reduction and avoidance
Ans: D
M.B.A (Sem.-III)
M.B.A (Sem.-III)
Ans: D
91) The development of a new venture based on an inventors work often requires-----A) Expertise of an entrepreneur
B) Heavy investment from financiers
C) Skilled human resources
D) Highly educated staff
Ans: A
92) The importance of intellectual property should be understood by entrepreneur even before .
A) Hiring a manager
B) Engaging an attorney
C) Developing a product
D) Establishing new venture
Ans: B
93) Which of the following is not followed in brainstorming?
A) Criticism is done by the group members
B) The wilder idea is batter
C) Quantity of ideas is required
D) The session should be fun. with no on dominating the discussion
Ans: A
94) The most important characteristic of a successful business website is
A) Speed
B) Innovation
C) Graphics
D) Products
Ans: A
95) The plan shows whether the business is economically feasible or not.
A) Financial
B) Business
C) Economic
D) Marketing
Ans: B
96) In which of the following, the ownership of venture is reflected by ownership of shares of
stock'?
A) Partnership
B) Limited partnership
C) Corporation
D) Proprietorship
Ans: C
97) Bankers say that most businesses fail because of the inability to plan properly.
A) Investors
B) Marketers
C) Entrepreneurs
D) Consultants
Ans: C
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