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MGT602 - Entrepreneurship

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MGT602 Entrepreneurship MCQs

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Your ________ is a concise communication of your strategy including your business definition and your competitive advantage
  • Target market analysis
  • Mission statement
  • Values statement
  • Business plan
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Writing business plan can ensure that

  • You achieve your expense projections.
  • You figure out how to make your business work.
  • You meet your target revenue goals.
  • You make a profit.
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The entrepreneur was distinguished from capital provider in:
  • Middle ages
  • 18th century
  • 17th century
  • 19th and 20th century
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GATT is established in 1947, under:
  • German leadership
  • French leadership
  • U.S. leadership
  • U.K. leadership
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Which one of the following gives suggestions for new product and also help to market new products?
  • Existing products and services
  • Distribution channels
  • Federal government
  • Consumers
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Which of the following shows the process of creating something new?
  • Modeling
  • Business model
  • Innovation
  • Creative flexibility
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The overnment means the collection and spending of its revenues throuh _____.
  • stabilization policy
  • the eneral Accountin Office (AO)
  • fiscal policy
  • monetary policy
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Which one of the followin describes unemployment?
  • The number of people who voluntarily choose not to work.
  • The number of people who are jobless and are actively seekin work.
  • The number of people who are not actively seekin work.
  • The number of people actively seekin work who find work.
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The _____ is the amount of money that the overnment owes its creditors.
  • market capitalization
  • balance of trade
  • national debt
  • standard of livin
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In _____, two conditions must exist: (1) all firms in a iven industry must be small, and (2) the number of firms must be lare.
  • monopolistic competition
  • perfect competition
  • a monopoly
  • an oliopoly
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