Professional Documents
Culture Documents
Questions For Part One
Questions For Part One
one
Q1: Mention the legal forms of the business ownerships and discus the advantages and disadvantages for the three
major Types?
Q3: Discus what is meant by franchise and mention the characteristics of franchisor and franchisee.
Q4: Men on the different between the sole proprietorship and general partnership
Q6: Classify the types of companies (legal forms of business) according to the owner's obligations?
Q8: Discuss the characteris cs of each of the following: (Joint venture, Mergers, and Acquisitions)
Q10: Men on the managerial level and the Skiles needed for each managerial level
Q12: What are the traits of leaders then men on the differences between manager and leader. What are the sources
of power can the leader to influence employees
Q13: What is management? What is the different between efficiency and effectiveness, then
Q15: Mention the types of entrepreneur?
Q16: Men on the different between manager and entrepreneur.
Q18: Discuss 3 crea ve process in detail.
Q19: Define brain storming formal session and its rules.
Q20: Mention the sources of opportunity and discuss 2 of them
Q21: Numerate the advantages and dis advantages of baying a new business as a choice of turning ideas in to
business.
Q22: Numerate the disadvantages of baying a Franchise as a choice of turning ideas in to business. Then numerate
the benefits gained when an entrepreneur buys a franchise.
Q23: What are the considera on entrepreneur should consider before purchase a business that already exists. Then
numerate advantages and disadvantages of this choice.
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MCQ:
1‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ drives the economic pulse of a nation. It provides the means through which its citizens’ standard
of living improves.
a) Business
b) Human resource
c) Operation
d) Manager
2‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ are responsible for the work performance of other people, design controls for assessing the
success of plans and decisions and take corrective action when needed
a) Business
b) Human resource
c) Finance
d) Manager
3‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ manage relationships with customers and make them aware of the organization’s desire and
ability to satisfy their needs.
a) Operation
b) Distribution
c) Marketing
d) Staffing
4‐ Unlimited liabilities are the legal obligation of a business owner to use personal money and possessions to
pay the debts of the business. Which of the following business forms, the owners have unlimited
obligations?
a) Joint stock company
b) General partnership
c) Simple limited partnership
d) Limited partnership by shares
5‐ ‐‐‐‐‐‐‐‐‐ is an agreement by which the owner of an intellectual right, a potential property, or a brand product.
Gives another person the exclusive right to use or exploit this intellectual right or property, or to produce or
just sell the brand product within a designated area for a remuneration, which is commonly called a license
fee or a royalty.
a) Corporation
b) Joint venture
c) Acquisition
d) Franchise
6‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ means that two or more companies form a temporary partnership or consortium for the purpose
of capitalizing on some opportunity. They form a separate organization and have shared equity ownership in
the new entity.
a) Corporation
b) Joint venture
c) Acquisition
d) Franchise
7‐ Whish of the following skills needed for the top manager level
a) Conceptual and Human
b) Human
c) Technical
d) Technical and Human
8‐ Whish of the following skills needed for the first line manager level
a) Conceptual and Human
b) Human
c) Technical
d) Technical and Human
9‐ Great leaders do not all share the same qualities, but three traits are often mentioned:
a) Empathy, Objectivity, and Self‐awareness
b) Courage, Passion, and Commitment,
c) Commitment, Innovation, and Flexibility
d) Nothing of the above
10‐ Which of the following is not a personal trait of the leader?
a) Empathy
b) Passion
c) Flexibility
d) Effective
11‐ “doing things right” refers to
a) Efficiency
b) Effectiveness
c) Directing
d) Nothing of the above
12‐ “do the right things” refers to
a) Efficiency
b) Effectiveness
c) Directing
d) Nothing of the above
13‐ refers to getting the most output from the least amount of inputs.
a) Efficiency
b) Effectiveness
c) Directing
d) Nothing of the above
14‐ ‐‐‐‐‐‐‐‐‐‐‐ is concerned with the means of getting things done or attainment of organizational goals
a) Efficiency
b) Effectiveness
c) Directing
d) Nothing of the above
15‐ Which of the following is not a management function?
a) Directing
b) Controlling
c) Staffing
d) Nothing of the above
16‐ ‐‐‐‐‐‐‐‐‐‐‐‐those who repeatedly start businesses and grow them to a sustainable size before striking out again
a) Opportunity entrepreneurs.
b) Serial entrepreneurs.
c) Necessity entrepreneurs.
d) All the above
17‐ Which of the following is not an entrepreneur characteristic?
a) Vision
b) Creativity
c) Energetic
d) All the above
18‐ ‐‐‐‐‐‐‐‐‐‐, who seeks a profitable opportunity
a) Manager
b) Leader
c) Entrepreneur
d) Nothing of the above
19‐ ‐‐‐‐‐‐‐‐‐‐, who can influence others and who has managerial authority
a) Manager
b) Leader
c) Entrepreneur
d) Nothing of the above
20‐ ‐‐‐‐‐‐‐‐‐‐‐ is the process of achieving organizational objectives through people and other resources.
a) Management
b) Leadership
c) Controlling
d) Nothing of the above
21‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐is a consumer need or want that can be met by a new business venture And has a commercial
potential.
a) Creativity
b) Innovation
c) Opportunity
d) Nothing of the above
22‐ Which of the following is one of the entrepreneur personality?
a) Tolerance for failure
b) Constantly being practical
c) Becoming overly specialized
d) Following the rules
23‐ One of the following is not an advantage of Sole Proprietorship:
a) Fast decision
b) Limited liability
c) Low taxes
d) Ease and low cost starting
24‐ This step involves getting the mind ready for creative thinking.
a) Preparation
b) Elimination
c) Brain storming
d) Mind mapping
25‐ Which of the following is not one of the creative process step?
a) Verification
b) Force field
c) Implementation
d) Incubation
26‐ Which of the following is not one of the techniques that Improving the Creative Process?
a) Verification
b) Force field
c) Brain storming
d) Mind mapping
27‐ Transforming an idea into an actual model will point out flaws in the original idea and will lead to
improvements in its design.
a) Force field
b) Brain storming
c) Mind mapping
d) Rapid Prototyping
28‐ Which of the following is Sources of Opportunity?
a) Change
b) Problem
c) Existing product
d) All the above
29‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is One of your choice when you need to turn Ideas into Opportunities.
a) Start a new business
b) Be an entrepreneur
c) Creativity
d) Formal brain storming session.
30‐ Trained employees, Operated equipment installed already, its production capacity well known, operating
equipment, Merchandise and supplies on hand are all an advantages of ‐‐‐‐‐‐‐‐‐‐
a) Buying a franchise
b) Buying an existing Business
c) Start a new business
d) Joint venture