ENTREPRENEURSHIP AND

SBM731(2022S1ENT731)
Started on Sunday, 22 May 2022, 9:16 AM
State Finished
Completed on Sunday, 22 May 2022, 9:17 AM
Time taken 44 secs
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Question 1
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Joint ventures have been used by entrepreneur_________________________.

Select one:
a. both of the options given

b. when the entrepreneur wants to purchase local knowledge

c. none of the options

d. when rapid entry in to the market is needed

The correct answer is: both of the options given

Question 2
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Licensing arrangements have____________________________.

Select one:
a. all of these options

b. easy way to generate incremental income

c. several pitfalls

d. low risk process involved

The correct answer is: all of these options

Question 3
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 Flag question

What is a disadvantage of partnerships?

Select one:
a. Ease of formation

b. Owners share responsibilities

c. Limited liability

d. Possibility of personality conflict

The correct answer is: Possibility of personality conflict

Question 4
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A project, which may not add to the existing profits, should be financed by_________.

Select one:
a. public deposits
b. equity capital
c. preference share capital
d. debentures

The correct answer is: debentures

Question 5
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Co-operatives play an important role in______________________.

Select one:
a. Manufacturing
b. Agriculture
c. All of the options

d. Aerospace

The correct answer is: Agriculture

Question 6
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Which ownership type has unlimited liability (owner has full responsibility for company's debt and can lose
entire investment as well as personal assets).

Select one:
a. Franchise
b. Corporation

c. Partnership
d. Sole Proprietorship

The correct answer is: Sole Proprietorship

Question 7
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Which of the following is alternatively called corporate venturing?

Select one:
a. Intrapreneurship
b. Offering new products by an existing company
c. Entrepreneurship
d. Act of stating a new venture

The correct answer is: Intrapreneurship

Question 8
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Assessment of the needed resources by the entrepreneur starts with______________.

Select one:
a. a scanning of friends and family for funds
b. an assessment of economic conditions of the country
c. a survey of banks and other financial institutions in the area
d. an appraisal of the entrepreneur’s present resources

The correct answer is: a scanning of friends and family for funds
Question 9
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A legally binding agreement between two parties is called_______.

Select one:
a. a copyright
b. a contract
c. licensing
d. insurance

The correct answer is: a contract

Question 10
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A new venture's business plan is important because__________________.

Select one:
a. It helps to persuade others to commit funding to the venture
b. all of the given options
c. can help demonstrate the viability of the venture
d. provides a guide for business activities by defining objectives

The correct answer is: all of the given options

Question 11
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Entrepreneurs 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?

Select one:
a. Personal finances provided by friends
b. Venture capitalists
c. Equity
d. Commercial loans
 The correct answer is: Personal finances provided by friends

Question 12
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Developing a new idea through inquiry and testing is called_____________.

Select one:
a. scientific method
b. forced relationship
c. heuristics
d. value analysis

The correct answer is: scientific method

Question 13
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When a firm accepts _________ they are tied in to that supplier, limiting their ability to use other suppliers.

Select one:
a. angel investors
b. venture capital funds
c. supplier credit
d. equity funding

The correct answer is: supplier credit

Question 14
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Factors contribute to the creation of new venture EXCEPT_______________.

Select one:
a. government
b. finance

c. role models
d. high interest rates
 The correct answer is: high interest rates

Question 15
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Which one of the following is the main problem for the entrepreneur in the beginning stages of creating a new
venture?

Select one:
a. Lack of experience
b. None of the given options
c. Lack of education
d. Limited resources

The correct answer is: Lack of experience

Question 16
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Customers of the Fluffy Bear Company (FBC) will drive over 100 KM in order to purchase an authentic Fluffy
Bear product because their quality cannot be matched by competitors in the industry. This is indicative of FBC's
____________.

Select one:
a. resource allocation
b. core competencies

c. planning
d. actions

The correct answer is: core competencies

Question 17
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Bridget is a top executive with her company. Recently she has devoted her skills and talents to the
development of new organizational objectives and the manner in which her firm can achieve those goals. It
could be stated that Bridget is engaged in ____________.
 Select one:
a. implementation
b. resource allocation
c. forecasting
d. planning

The correct answer is: planning

Question 18
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_________ and employees directly responsible for individual tasks and activities are the ones who create
operational action plans.

Select one:
a. Chief executive officers
b. Corporate executives
c. General labourers
d. Line managers

The correct answer is: Line managers

Question 19
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The Business Development Banks are available for________________________.

Select one:
a. those companies who wish to sell shares
b. None of the given option
c. those companies unable to obtain bank loans
d. those companies who wish to export

The correct answer is: those companies unable to obtain bank loans

Question 20
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 The entrepreneur utilizes the resources through_____________.

Select one:
a. developing a business plan
b. implementing the business plan

c. identifying and evaluating the opportunity

d. manage the enterprise

The correct answer is: identifying and evaluating the opportunity

Question 21
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familiarity with the needs of market?

Select one:
a. Distribution channels
b. Existing products and services
c. Federal government

The correct answer is: Distribution channels

Question 22
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________________ involves actions triggered by unforeseen circumstances and assists the formal plan to function
more smoothly.

Select one:
a. Tactile planning
b. Opportunistic planning
c. Judgmental planning
d. Resource allocation planning

The correct answer is: Opportunistic planning

Question 23
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 Flag question

In which type of organization does one person take all the risks?

Select one:
a. Corporation
b. Proprietorship
c. Monopoly
d. Partnership

The correct answer is: Proprietorship

Question 24
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Business means___________.

Select one:
a. industry and commerce
b. selling and buying of goods
c. commerce
d. trade and commerce

The correct answer is: industry and commerce

Question 25
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Which one of the following is an important source of idea generation due to their familiarity with the needs of
market?

Select one:
a. Existing products and services
b. Federal government
c. Local shopping mall
d. Distribution channels

The correct answer is: Distribution channels

Question 26
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Not answered

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The accounts receivable that are sold at a discount to a different company to receive immediate cash is
called_________________.

Select one:
a. factoring
b. initial funding
c. asset lease
d. cash credit

The correct answer is: factoring

Question 27
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Which is NOT a basic type of business ownership?

Select one:
a. Retail
b. Partnership
c. Corporation
d. Proprietorship

The correct answer is: Retail

Question 28
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123. Many businesses today, encourage employees to participate in the budget-setting process. Of the
following, which one is not a form that employee involvement in this process may take?

Select one:
a. Development of significant rewards
b. Termination of poor performers
c. Transference of resources
d. Allocation of the budget

The correct answer is: Termination of poor performers

Question 29
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A valid definition of a business purpose is to __________.

Select one:
a. serve the society
b. create a customer
c. increase the wealth of the firm
d. maximize profits

The correct answer is: maximize profits

Question 30
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Which of the following is not an aspect of appraisal of term loans by commercial banks?

Select one:
a. Societal feasibility
b. Economic feasibility
c. Technical feasibility
d. Financial feasibility

The correct answer is: Societal feasibility

Question 31
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The business plan should be prepared by____________.

Select one:
a. Sole trader
b. All of the given options
c. Consultants
d. Entrepreneurs
 The correct answer is: All of the given options

Question 32
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Which one of the following is a business arrangement in which someone else is allowed to use something of
the company?

Select one:
a. Trade mark
b. Copy right
c. Licensing
d. Patent

The correct answer is: Licensing

Question 33
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The purpose of a soft loan scheme is to encourage units to undertake___________.

Select one:
a. replacement of plant and machinery
b. renovation of plant and machinery
c. modernization of plant and machinery
d. all the given option

The correct answer is: all the given option

Question 34
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A small teddy bear Company in Durban is expanding its operations. The management has determined the
organization will need R100 million for the expansion project. The organizational leaders have decided to
borrow R90 million from the First Rand Bank and fund the rest of the project through sales of its stock. This
process is indicative of ________________.

Select one:
a. objective setting
 a. objective setting
b. strategic planning
c. resource allocation
d. implementation

The correct answer is: resource allocation

Question 35
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All of these are key reports that a new business person should be prepared to generate
EXCEPT_________________.

Select one:
a. expense account
b. petty cash register
c. chart of accounts
d. outside investor

The correct answer is: outside investor

Question 36
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Who plays an important role in all three business organizations?

Select one:
a. Presidents
b. Entrepreneurs
c. Magistrates

d. Governors

The correct answer is: Entrepreneurs

Question 37
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Publicity is _______________ promotion through media outlets.

 Select one:
a. free
b. premium
c. discounted
d. paid

The correct answer is: free

Question 38
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What type of business consists of two or more people?

Select one:
a. Franchise
b. Sole Proprietorship
c. Corporation
d. Partnership

The correct answer is: Partnership

Question 39
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Which one of the following would not be considered a disadvantage of a corporation?

Select one:
a. Extensive government regulations of activities
b. Limited continuality of life of enterprise
c. High incorporation fees
d. Corporate capital, profits, dividends, and salaries are double taxed

The correct answer is: Limited continuality of life of enterprise

Question 40
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 A/an ______ is an online connection between the company and its customers.

Select one:
a. world wide web
b. e-commerce
c. internet advertising
d. website

The correct answer is: website

Question 41
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The difference in the entrepreneurial and managerial domains has contributed towards an increase interest
in__________________.

Select one:
a. partnership
b. forming new firms
c. private firms
d. intrapreneurship

The correct answer is: forming new firms

Question 42
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In which of the following situation the company is considered to be on breakeven point?

Select one:
a. No Profit no lose
b. None of the given options
c. Profits are higher then expenses
d. Expenses are higher then profits

The correct answer is: No Profit no lose

Question 43
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 Flag question

When Freedom explores his organization's strategic plan to see if prominent efforts of integration between the
various units and departments of the firm are present, he is looking for the presence of _______.

Select one:
a. synergy
b. congruency
c. allocation
d. proactivity

The correct answer is: synergy

Question 44
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The major approaches utilized by managers to induce employees to accomplish the planned actions associated
with implementation include all of the following except _______.

Select one:
a. coercion
b. feedback
c. authority
d. persuasion

The correct answer is: coercion

Question 45
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60. Central to a financial cushion is the nature of the firm's……

Select one:
a. debt ratio
b. statement of cash flows
c. income analysis
d. funding

The correct answer is: funding

Question 46
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A__________ provides for the greatest degree of continuity.

Select one:
a. joint venture
b. corporation
c. sole proprietorship
d. general partnership

The correct answer is: corporation

Question 47
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Selling goods to another country by taking care of transactions is called:

Select one:
a. Direct exporting
b. Management contract
c. Importing
d. Indirect exporting

The correct answer is: Direct exporting

Question 48
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Once a business has established its objectives, its next step is to decide what actions are necessary to achieve
the desired results. Which one of the following types of action plans is developed at the department level and is
concerned with division of labour and budgeting?

Select one:
a. Strategic
b. Tactile
c. Efficiency
d. Operational
 The correct answer is: Tactile

Question 49
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Which of the following securities proves a burden on finances of the company, when company is not earning
profits?

Select one:
a. Equity shares
b. Redeemable preference shares
c. Preference shares
d. Debentures

The correct answer is: Debentures

Question 50
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Which of the following is alternatively called corporate venturing?

Select one:
a. Offering new products by an existing company Which one of the following is an important source of idea
generation due to their
b. Intrapreneurship
c. Act of stating a new venture
d. Entrepreneurship

The correct answer is: Intrapreneurship

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 ENTREPRENEURSHIP AND SBM731(2022S1ENT731)

Started on Saturday, 21
May 2022, 10:56
AM

State Finished

Completed on Saturday, 21
May 2022, 10:57
AM

Time taken 15 secs

Marks 0.00/50.00

Grade 0.00 out of

100.00

Question 1

Not answered

Marked out of 1.00

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Question text
Which one of the following is an important source of idea generation due to their familiarity with
the needs of market?

Select one:

a. Existing products and services

b. Distribution channels

c. Local shopping mall

d. Federal government

Feedback
The correct answer is: Distribution channels

Question 2

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Question text
Which of the following represents a single expense account?

Select one:

a. Depreciation
b. Cash account

c. Wages & Salaries

d. Utilities account

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The correct answer is: Cash account

Question 3

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Question text
Entrepreneurial experience becomes increasingly important as_______________________.

Select one:

a. complexity of wok increases

b. none of the options

c. complexity of venture increases

d. work load increases

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The correct answer is: complexity of venture increases

Question 4

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Question text
The art of successful business planning has several key factors. Which of the following is not
considered a key factor?

Select one:

a. Involving different organizational levels

b. Utilization of judgmental methodologies

c. Utilization of only numerical methodologies

d. Viewing the process as a continuous process

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The correct answer is: Utilization of only numerical methodologies
 Question 5

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Question text
The "Markets and Competitors" section of a business plan should contain______________________.

Select one:

a. all the responses are correct

b. the size of each market segment

c. the key characteristics of buyers in each business segment

d. statement of the target market

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The correct answer is: all the responses are correct

Question 6

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Which one of the following items does not possess a relationship to the worthwhile objective of
marketing?

Select one:

a. International sales

b. Market growth

c. Increase in domestic sales

d. Return on investment

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The correct answer is: Return on investment

Question 7

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 Question text
Identify the option that describes a chart of accounts listing what types of activities are in the
business.

Select one:

a. Assets and liabilities

b. None of the responses

c. Debits and credits

d. Income and expense

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The correct answer is: Income and expense

Question 8

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The major advantage of a franchise is______________________.

Select one:

a. personal ownership

b. all of these options

c. training and management assistance

d. nationally recognized name

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The correct answer is: all of these options

Question 9

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Question text
When Freedom explores his organization's strategic plan to see if prominent efforts of
integration between the various units and departments of the firm are present, he is looking for
the presence of _______.

Select one:

a. synergy

b. congruency
c. allocation

d. proactivity

Feedback
The correct answer is: synergy

Question 10

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Question text
Developing a new idea through inquiry and testing is called_____________.

Select one:

a. heuristics

b. forced relationship

c. scientific method

d. value analysis

Feedback
The correct answer is: scientific method

Question 11

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Question text
The act of organizational planning has several benefits associated with it. Of the following, which
would NOT be considered a benefit of this action?

Select one:

a. It helps the organization respond to challenges present within its environment

b. It leads to improved managerial skill levels within the organization

c. It assists management with establishing organizational priorities

d. It provides means for obtaining financial resources and funding

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The correct answer is: It provides means for obtaining financial resources and funding

Question 12

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Question text
Which one of the following is a barrier to new product creation and development?

Select one:

a. Trial and error

b. Opportunity parameter

c. Intrapreneurship culture

d. Opportunity cost

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The correct answer is: Opportunity cost

Question 13

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Question text
Business means___________.

Select one:

a. commerce

b. trade and commerce

c. industry and commerce

d. selling and buying of goods

Feedback
The correct answer is: industry and commerce

Question 14

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The business plan should be prepared by____________.

Select one:

a. All of the given options

b. Entrepreneurs

c. Consultants

d. Sole trader

Feedback
The correct answer is: All of the given options

Question 15

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The major approaches utilized by managers to induce employees to accomplish the planned
actions associated with implementation include all of the following except _______.

Select one:

a. feedback

b. coercion

c. persuasion

d. authority

Feedback
The correct answer is: coercion

Question 16

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The decision to seek outside funding is a _________ decision for the small business.

Select one:

a. minute

b. slight

c. small

d. significant

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The correct answer is: significant
 Question 17

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The expenses incurred on the setting up of an enterprise is called _____________________ .

Select one:

a. cost of fixed assets

b. cost of financing

c. cost of current assets

d. cost of promotion

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The correct answer is: cost of promotion

Question 18

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Question text
A project, which may not add to the existing profits, should be financed by_________.

Select one:

a. equity capital

b. public deposits

c. preference share capital

d. debentures

Feedback
The correct answer is: debentures

Question 19

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A key aspect of how funding will be used is found in the information provided by the business,
and that comes through the:
 Select one:

a. banks and creditors

b. debts and loans

c. accounting system and data flow management

d. income statement and cash flow statement

Feedback
The correct answer is: accounting system and data flow management

Question 20

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Question text
Information regarding all of the following is related to operations, EXCEPT___________________.

Select one:

a. promotion

b. location

c. labour skills

d. raw materials

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The correct answer is: promotion

Question 21

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Which one of the following is the next stage to the Concept Stage of Product Planning and
Development Process?

Select one:

a. Test Marketing Stage

b. Idea Stage

c. Product Development Stage

d. Product Planning Stage

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The correct answer is: Product Development Stage
 Question 22

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A person who takes a risk to produce goods and services in search of profit is the
___________________________.

Select one:

a. magistrate

b. Baliff

c. Profiteer

d. entrepreneur

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The correct answer is: entrepreneur

Question 23

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Question text
A typical inventor is usually ________________________.

Select one:

a. none of the given options

b. does not encourage change

c. willing to modify the invention in order to augment commercial benefit

d. highly creative & in love with the invention

Feedback
The correct answer is: highly creative & in love with the invention

Question 24

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The main disadvantage of a general partnership is_______________________.
 Select one:

a. disagreement amongst partners

b. shared management

c. difficulty of termination

d. the unlimited liability of the partners

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The correct answer is: the unlimited liability of the partners

Question 25

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Which one of the factors should be considered while assessing the space for business?

Select one:

a. Delivery rates

b. Parking

c. Access from roadways to facility

d. All of the given option

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The correct answer is: All of the given option

Question 26

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Business risks can be_______________.

Select one:

a. ignored

b. erased

c. avoided

d. reduced

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The correct answer is: reduced
 Question 27

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All of these are key reports that a new business person should be prepared to generate
EXCEPT_________________.

Select one:

a. chart of accounts

b. outside investor

c. expense account

d. petty cash register

Feedback
The correct answer is: outside investor

Question 28

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Question text
The quick verbal summary of a business plan is called a(n)

Select one:

a. sales pitch

b. business pitch

c. elevator pitch

d. concept pitch

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The correct answer is: elevator pitch

Question 29

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 Question text
Which of the following is included in the project cost, and is estimated on the basis of the year
when the enterprise breaks even.

Select one:

a. Working capital

b. Cost of production

c. Cost of capital

d. Cost of equity

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The correct answer is: Working capital

Question 30

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Which one of the following is the process of entrepreneurs developing new products that over
time make current products obsolete?

Select one:

a. Creative destruction

b. None of the given options

c. New business model

d. Anatomization

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The correct answer is: Creative destruction

Question 31

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The granting of cash subsidy on the capital investment is called_______________.

Select one:

a. quantum of Subsidy

b. interest Subsidy

c. central Investment Subsidy

d. concessional finance

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The correct answer is: central Investment Subsidy

Question 32

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The Business Development Banks are available for________________________.

Select one:

a. None of the given option

b. those companies who wish to sell shares

c. those companies who wish to export

d. those companies unable to obtain bank loans

Feedback
The correct answer is: those companies unable to obtain bank loans

Question 33

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Question text
A foundation company is formed through which of the following?

Select one:

a. A winding up company

b. Fashion

c. Research and development

d. Most popular business

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The correct answer is: Research and development

Question 34

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 Question text
For the success of business plan the goals should be________________________.

Select one:

a. specific

b. generalized

c. imaginary

d. limitless

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The correct answer is: specific

Question 35

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________________ involves actions triggered by unforeseen circumstances and assists the formal
plan to function more smoothly.

Select one:

a. Opportunistic planning

b. Tactile planning

c. Resource allocation planning

d. Judgmental planning

Feedback
The correct answer is: Opportunistic planning

Question 36

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Main reason(s) for merger is (are)____________________________.

Select one:

a. economies of scale can be achieved

b. when synergy is present

c. all of the options

d. when complementary resources can be combined

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The correct answer is: all of the options

Question 37

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Question text
A legally binding agreement between two parties is called________________.

Select one:

a. Licensing

b. Insurance

c. A contract

d. A copyright

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The correct answer is: A contract

Question 38

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Question text
_________ and employees directly responsible for individual tasks and activities are the ones who
create operational action plans.

Select one:

a. General labourers

b. Line managers

c. Chief executive officers

d. Corporate executives

Feedback
The correct answer is: Line managers

Question 39

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A/an ______ is an online connection between the company and its customers.

Select one:

a. website

b. internet advertising

c. world wide web

d. e-commerce

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The correct answer is: website

Question 40

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123. Many businesses today, encourage employees to participate in the budget-setting process.
Of the following, which one is not a form that employee involvement in this process may take?

Select one:

a. Termination of poor performers

b. Allocation of the budget

c. Transference of resources

d. Development of significant rewards

Feedback
The correct answer is: Termination of poor performers

Question 41

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Which one of the following protects continuity of the business (Specially partnership)?

Select one:

a. Casualty insurance

b. Life insurance
c. Cell phone Cover

d. Property insurance

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The correct answer is: Life insurance

Question 42

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The entrepreneur utilizes the resources through_____________.

Select one:

a. manage the enterprise

b. implementing the business plan

c. identifying and evaluating the opportunity

d. developing a business plan

Feedback
The correct answer is: identifying and evaluating the opportunity

Question 43

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What type of business consists of two or more people?

Select one:

a. Corporation

b. Franchise

c. Partnership

d. Sole Proprietorship

Feedback
The correct answer is: Partnership

Question 44

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A typical inventor is usually ________________________.

Select one:

a. highly creative & in love with the invention

b. willing to modify the invention in order to augment commercial benefit

c. does not encourage change

d. none of the given options

Feedback
The correct answer is: highly creative & in love with the invention

Question 45

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Which ownership type has unlimited liability (owner has full responsibility for company's debt
and can lose entire investment as well as personal assets).

Select one:

a. Partnership

b. Corporation

c. Sole Proprietorship

d. Franchise

Feedback
The correct answer is: Sole Proprietorship

Question 46

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Which one of the following is the main problem for the entrepreneur in the beginning stages of
creating a new venture?

Select one:

a. Limited resources
b. Lack of education

c. Lack of experience

d. None of the given options

Feedback
The correct answer is: Lack of experience

Question 47

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All of the following are true in a cash-basis accounting system EXCEPT_______________.

Select one:

a. the business has inventory

b. subchapter C Corporation

c. partnership

d. sole proprietor

Feedback
The correct answer is: sole proprietor

Question 48

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Question text
What is a target market?

Select one:

a. A group of customers a venture reaches by accident

b. A chain of discount stores

c. A specific group of potential customers toward which a venture aims its marketing plan

d. All consumers who purchase the venture’s product

Feedback
The correct answer is: A specific group of potential customers toward which a venture aims its
marketing plan
 Question 49

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Which of the following is not an aspect of appraisal of term loans by commercial banks?

Select one:

a. Societal feasibility

b. Technical feasibility

c. Financial feasibility

d. Economic feasibility

Feedback
The correct answer is: Societal feasibility

Question 50

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Which one of the following guide the firm through the long term decision making?

Select one:

a. Mission statement

b. Product forecast

c. Industry analysis

d. None of the given options

Feedback
The correct answer is: Mission statement
 Skip to main content

ENTREPRENEURSHIP AND SBM731(2022S1ENT731)

Started on Friday, 20 May
2022, 10:41 AM

State Finished

Completed on Friday, 20 May

2022, 10:41 AM

Time taken 20 secs

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100.00

Question 1

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A_____________partner is an owner who has unlimited liability and is active in managing the
firm_______________________________.

Select one:

a. silent partner

b. senior partner

c. general partner

d. limited partner

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The correct answer is: general partner
 Question 2

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Question text
Investment in which of the following is the riskiest?

Select one:

a. Debentures

b. Land

c. Preference shares

d. Equity shares

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The correct answer is: Debentures

Question 3

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Question text
The purpose of a soft loan scheme is to encourage units to undertake___________.

Select one:

a. renovation of plant and machinery

b. replacement of plant and machinery

c. all the given option

d. modernization of plant and machinery

 Feedback
The correct answer is: all the given option

Question 4

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A specific planning technique that is used widely in the United States and abroad is _______. This
technique involves the mutual setting of objectives between supervisors and employees.

Select one:

a. strategic planning

b. operational planning

c. management by objectives

d. formal planning

Feedback
The correct answer is: management by objectives

Question 5

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Entrepreneurs are concerned about basic issues of_________________________.

Select one:

a. risk, costs and benefits

b. risk, costs and electricity

c. sales, costs and benefits

d. customers, sales and costs

Feedback
The correct answer is: sales, costs and benefits

Question 6

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Nike, IBM, and Google are examples of______________________________.

Select one:

a. corporation

b. franchise

c. partnership

d. partnership

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The correct answer is: corporation

Question 7

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_________ and employees directly responsible for individual tasks and activities are the ones who
create operational action plans.

Select one:
a. Corporate executives

b. Chief executive officers

c. General labourers

d. Line managers

Feedback
The correct answer is: Line managers

Question 8

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Non-equity funding sources include_________________

Select one:

a. supplier credit

b. grants

c. all of the responses

d. debt

Feedback
The correct answer is: all of the responses

Question 9

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Question text
The Marketing Plan section should focus on the strategies of the________________.
 Select one:

a. first two years

b. first four years

c. first Year

d. first Three Years

Feedback
The correct answer is: first Year

Question 10

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Developing a new idea through inquiry and testing is called_____________.

Select one:

a. heuristics

b. forced relationship

c. value analysis

d. scientific method

Feedback
The correct answer is: scientific method

Question 11

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 Question text
Which one of the following items does not possess a relationship to the worthwhile objective of
marketing?

Select one:

a. International sales

b. Market growth

c. Increase in domestic sales

d. Return on investment

Feedback
The correct answer is: Return on investment

Question 12

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All of the following are true in a cash-basis accounting system EXCEPT_______________.

Select one:

a. the business has inventory

b. partnership

c. subchapter C Corporation

d. sole proprietor

Feedback
The correct answer is: sole proprietor

Question 13

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Question text
The _________ analysis addresses the roles of the community, region, nation, and world in a
business.

Select one:

a. marketing

b. environmental

c. industry

d. business

Feedback
The correct answer is: environmental

Question 14

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Which of the following securities proves a burden on finances of the company, when company is
not earning profits?

Select one:

a. Redeemable preference shares

b. Debentures

c. Preference shares

d. Equity shares

Feedback
The correct answer is: Debentures
 Question 15

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60. Central to a financial cushion is the nature of the firm's……

Select one:

a. debt ratio

b. funding

c. statement of cash flows

d. income analysis

Feedback
The correct answer is: funding

Question 16

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Question text
Which one of the following guide the firm through the long term decision making?

Select one:

a. None of the given options

b. Product forecast

c. Mission statement

d. Industry analysis
 Feedback
The correct answer is: Mission statement

Question 17

Not answered

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Question text
An organizational plan based on overall organizational features, its resources, and the
environment is called a/an _______.

Select one:

a. tactile action plan

b. strategic action plan

c. management by objectives plan

d. operational action plan

Feedback
The correct answer is: strategic action plan

Question 18

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Which of the following is the most important for the entrepreneur, while starting a new venture,
to make an assessment of?

Select one:

a. Profit
b. Market

c. Risk

d. Competitors

Feedback
The correct answer is: Risk

Question 19

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Which one of the following is a business arrangement in which someone else is allowed to use
something of the company?

Select one:

a. Licensing

b. Copy right

c. Trade mark

d. Patent

Feedback
The correct answer is: Licensing

Question 20

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 Question text
Which of the following is included in the project cost, and is estimated on the basis of the year
when the enterprise breaks even.

Select one:

a. Working capital

b. Cost of equity

c. Cost of capital

d. Cost of production

Feedback
The correct answer is: Working capital

Question 21

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The "Markets and Competitors" section of a business plan should contain______________________.

Select one:

a. statement of the target market

b. all the responses are correct

c. the size of each market segment

d. the key characteristics of buyers in each business segment

Feedback
The correct answer is: all the responses are correct

Question 22

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What can be the effect on cash flows due to delays in payments by the clients?

Select one:

a. Positive cash flows

b. None of the given options

c. No effect on cash flows

d. Negative cash flows

Feedback
The correct answer is: Negative cash flows

Question 23

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Which one of the following is the process of entrepreneurs developing new products that over
time make current products obsolete?

Select one:

a. Anatomization

b. None of the given options

c. Creative destruction

d. New business model

Feedback
The correct answer is: Creative destruction
 Question 24

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Which is NOT a basic type of business ownership?

Select one:

a. Proprietorship

b. Retail

c. Partnership

d. Corporation

Feedback
The correct answer is: Retail

Question 25

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Question text
A typical inventor is usually ________________________.

Select one:

a. does not encourage change

b. highly creative & in love with the invention

c. willing to modify the invention in order to augment commercial benefit

d. none of the given options

 Feedback
The correct answer is: highly creative & in love with the invention

Question 26

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Customers of the Fluffy Bear Company (FBC) will drive over 100 KM in order to purchase an
authentic Fluffy Bear product because their quality cannot be matched by competitors in the
industry. This is indicative of FBC's ____________.

Select one:

a. resource allocation

b. actions

c. core competencies

d. planning

Feedback
The correct answer is: core competencies

Question 27

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__________ is commonly used to measure the short-term solvency of the venture?

Select one:

a. Debt to equity ratio

b. Current ratio

c. Profitability ratio

d. Activity ratio

Feedback
The correct answer is: Debt to equity ratio

Question 28

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Information regarding all of the following is related to operations, EXCEPT___________________.

Select one:

a. raw materials

b. labour skills

c. location

d. promotion

Feedback
The correct answer is: promotion

Question 29

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Business owned by one person.
 Select one:

a. Corporation

b. Franchise

c. Sole proprietorship

d. Partnership

Feedback
The correct answer is: Sole proprietorship

Question 30

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Which one of the following is the main problem for the entrepreneur in the beginning stages of
creating a new venture?

Select one:

a. Lack of education

b. Limited resources

c. Lack of experience

d. None of the given options

Feedback
The correct answer is: Lack of experience

Question 31

Not answered

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 Question text
Which of the following is the most important for the entrepreneur, while starting a new venture,
to make an assessment of?

Select one:

a. Risk

b. Profit

c. Market

d. Competitors

Feedback
The correct answer is: Risk

Question 32

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Which of the following is a characteristic of a good partner?

Select one:

a. Do not exploit the partnership

b. Share entrepreneur’s vision

c. All of the given options

d. Help to achieve goals

Feedback
The correct answer is: All of the given options

Question 33

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The most important factor in forming a new business is_____________.

Select one:

a. finance

b. government support

c. family Support

d. marketing

Feedback
The correct answer is: finance

Question 34

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The business plan should be prepared by____________.

Select one:

a. Entrepreneurs

b. Consultants

c. Sole trader

d. All of the given options

Feedback
The correct answer is: All of the given options
 Question 35

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A small teddy bear Company in Durban is expanding its operations. The management has
determined the organization will need R100 million for the expansion project. The organizational
leaders have decided to borrow R90 million from the First Rand Bank and fund the rest of the
project through sales of its stock. This process is indicative of ________________.

Select one:

a. objective setting

b. strategic planning

c. resource allocation

d. implementation

Feedback
The correct answer is: resource allocation

Question 36

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Which of the following is a characteristic of a co-operative?

Select one:

a. Dividends are paid on a per share basis

b. One vote per share

c. A Spaza Shop in Sandton

d. Profits are not subject to income tax

Feedback
The correct answer is: Profits are not subject to income tax

Question 37

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The formal planning process is comprised of several steps. Currently, Jordan is busy with
establishing targets to be achieved by his organization. What step is Jordan taking in his
company's formal planning process?

Select one:

a. Budget allocation

b. Setting objectives

c. Resource allocation

d. Implementing the plan

Feedback
The correct answer is: Setting objectives

Question 38

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Which of the following items is not a step in the process for organizational problem solving?
 Select one:

a. Identify performance gaps

b. Check for organizational congruence

c. Execute the plan

d. Identify tasks necessary for employee acceptance

Feedback
The correct answer is: Identify tasks necessary for employee acceptance

Question 39

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When workers are involved in managerial activities, they tend to "buy in" and work much harder
to see an effort succeed. What benefit of planning does this best describe?

Select one:

a. Encouraging participation

b. Establishment of priorities

c. Coordination of efforts

d. Assessment of external forces

Feedback
The correct answer is: Encouraging participation

Question 40

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 Question text
The Marketing Plan section should focus on the strategies of_______________.

Select one:

a. first four years

b. first three years

c. first year

d. first two years

Feedback
The correct answer is: first year

Question 41

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Assessment of the needed resources by the entrepreneur starts with which option?

Select one:

a. A survey of banks and other financial institutions in the area

b. An appraisal of the entrepreneur’s present resources

c. A scanning of friends and family for funds

d. An assessment of economic conditions of the country

Feedback
The correct answer is: A scanning of friends and family for funds

Question 42

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The Business Development Banks are available for________________________.

Select one:

a. those companies who wish to sell shares

b. those companies unable to obtain bank loans

c. None of the given option

d. those companies who wish to export

Feedback
The correct answer is: those companies unable to obtain bank loans

Question 43

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Which of the following is alternatively called corporate venturing?

Select one:

a. Act of stating a new venture

b. Intrapreneurship

c. Offering new products by an existing company Which one of the following is an important source
of idea generation due to their

d. Entrepreneurship

Feedback
The correct answer is: Intrapreneurship
 Question 44

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The accounts receivable that are sold at a discount to a different company to receive immediate
cash is called_________________.

Select one:

a. asset lease

b. initial funding

c. cash credit

d. factoring

Feedback
The correct answer is: factoring

Question 45

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A legally binding agreement between two parties is called________________.

Select one:

a. Insurance

b. A contract

c. A copyright

d. Licensing
 Feedback
The correct answer is: A contract

Question 46

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Question text
Which of the following sources is not use for medium term financing?

Select one:

a. Term loans from banks

b. Issue of debentures

c. Issue of equity shares

d. Sale of current asset

Feedback
The correct answer is: Issue of equity shares

Question 47

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Which one of the following would not be considered a disadvantage of a corporation?

Select one:

a. Corporate capital, profits, dividends, and salaries are double taxed

b. Extensive government regulations of activities

c. High incorporation fees

d. Limited continuality of life of enterprise

Feedback
The correct answer is: Limited continuality of life of enterprise

Question 48

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Question text
Which of the following is an advantage of a sole proprietorship?

Select one:

a. Pride of ownership.

b. Being your own boss.

c. All of the options.

d. Ease of starting a business.

Feedback
The correct answer is: All of the options.

Question 49

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The decision to seek outside funding is a _________ decision for the small business.

Select one:
a. significant

b. minute

c. small

d. slight

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The correct answer is: significant

Question 50

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What is a target market?

Select one:

a. A group of customers a venture reaches by accident

b. All consumers who purchase the venture’s product

c. A specific group of potential customers toward which a venture aims its marketing plan

d. A chain of discount stores

Feedback
The correct answer is: A specific group of potential customers toward which a venture aims its
marketing plan

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ENTREPRENEURSHIP AND SBM731(2022S1ENT731)

Started on Friday, 20
May 2022,
2:11 PM

State Finished

Completed on Friday, 20
May 2022,
2:11 PM

Time taken 15 secs

Marks 0.00/50.00

Grade 0.00 out of

100.00

Question 1

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Question text
Selling goods to another country by taking care of transactions is called:

Select one:

a. Management contract

b. Direct exporting

c. Importing

d. Indirect exporting

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The correct answer is: Direct exporting
 Question 2

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Question text
When a firm accepts _________ they are tied in to that supplier, limiting their ability to use other
suppliers.

Select one:

a. supplier credit

b. angel investors

c. equity funding

d. venture capital funds

Feedback
The correct answer is: supplier credit

Question 3

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Question text
60. Central to a financial cushion is the nature of the firm's……

Select one:

a. funding

b. statement of cash flows

c. income analysis

d. debt ratio
 Feedback
The correct answer is: funding

Question 4

Not answered

Marked out of 1.00

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Question text
Customers of the Fluffy Bear Company (FBC) will drive over 100 KM in order to purchase an
authentic Fluffy Bear product because their quality cannot be matched by competitors in the
industry. This is indicative of FBC's ____________.

Select one:

a. planning

b. resource allocation

c. core competencies

d. actions

Feedback
The correct answer is: core competencies

Question 5

Not answered

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Question text
For the success of business plan the goals should be________________________.

Select one:

a. limitless
b. specific

c. generalized

d. imaginary

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The correct answer is: specific

Question 6

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Question text
In which of the following situation the company is considered to be on breakeven point?

Select one:

a. None of the given options

b. Profits are higher then expenses

c. No Profit no lose

d. Expenses are higher then profits

Feedback
The correct answer is: No Profit no lose

Question 7

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Question text
A partner who is not actually involved in the partnership but lends his name for public relations
purposes is a____________________________.
 Select one:

a. nominal partner

b. general partner

c. dominant partner

d. silent partner

Feedback
The correct answer is: nominal partner

Question 8

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Question text
An is inventor is defined as someone ________________________.

Select one:

a. highly creative &amp; in love with the invention

b. willing to modify the invention in order to augment commercial benefit

c. does not encourage change

d. none of the given options

Feedback
The correct answer is: highly creative &amp; in love with the invention

Question 9

Not answered

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 Question text
Which of the following items is not a step in the process for organizational problem solving?

Select one:

a. Identify tasks necessary for employee acceptance

b. Identify performance gaps

c. Check for organizational congruence

d. Execute the plan

Feedback
The correct answer is: Identify tasks necessary for employee acceptance

Question 10

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Question text
A form of business organization with one owner who takes all the risks and all the profit is
called_________________________.

Select one:

a. partnership

b. governorship

c. corporation

d. proprietorship

Feedback
The correct answer is: proprietorship

Question 11

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Question text
A ___________ is a business with two or more owners:

Select one:

a. conglomerate

b. public corporation

c. partnership

d. corporation

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The correct answer is: partnership

Question 12

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Question text
Non-equity funding sources include_________________

Select one:

a. all of the responses

b. grants

c. supplier credit

d. debt

Feedback
The correct answer is: all of the responses
 Question 13

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Question text
Implementation of an organizational plan requires thought to be given toward all but which one
of the following?

Select one:

a. The means of implementation

b. The linking with control systems

c. The process for problem solving

d. The financial burden acquired

Feedback
The correct answer is: The financial burden acquired

Question 14

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Thomas is in the process of determining the extent to which the other departments of his
company are helping or hindering the plan's fit with the organizational structure. Of the six
stages of organizational problem solving, which one is Thomas most probably at?

Select one:

a. Intervening to create alignment

b. Executing the plan

c. Identifying performance gaps

d. Checking for organizational congruence

Feedback
The correct answer is: Checking for organizational congruence

Question 15

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Question text
The ______________ section of the business plan should be written last.

Select one:

a. appendices

b. executive summary

c. financial statements

d. index

Feedback
The correct answer is: executive summary

Question 16

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Question text
Which one of the following would not be considered a disadvantage of a corporation?

Select one:
a. Corporate capital, profits, dividends, and salaries are double taxed

b. Extensive government regulations of activities

c. High incorporation fees

d. Limited continuality of life of enterprise

Feedback
The correct answer is: Limited continuality of life of enterprise

Question 17

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Question text
The granting of cash subsidy on the capital investment is called_______________.

Select one:

a. interest Subsidy

b. concessional finance

c. central Investment Subsidy

d. quantum of Subsidy

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The correct answer is: central Investment Subsidy

Question 18

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Question text
Assessment of the needed resources by the entrepreneur starts with______________.
 Select one:

a. an assessment of economic conditions of the country

b. an appraisal of the entrepreneur’s present resources

c. a survey of banks and other financial institutions in the area

d. a scanning of friends and family for funds

Feedback
The correct answer is: a scanning of friends and family for funds

Question 19

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Question text
__________ is commonly used to measure the short-term solvency of the venture?

Select one:

a. Current ratio

b. Activity ratio

c. Profitability ratio

d. Debt to equity ratio

Feedback
The correct answer is: Debt to equity ratio

Question 20

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 Question text
Which of the following securities proves a burden on finances of the company, when company is
not earning profits?

Select one:

a. Debentures

b. Equity shares

c. Preference shares

d. Redeemable preference shares

Feedback
The correct answer is: Debentures

Question 21

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Nike, IBM, and Google are examples of______________________________.

Select one:

a. partnership

b. partnership

c. franchise

d. corporation

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The correct answer is: corporation

Question 22

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When Freedom explores his organization's strategic plan to see if prominent efforts of
integration between the various units and departments of the firm are present, he is looking for
the presence of _______.

Select one:

a. congruency

b. allocation

c. synergy

d. proactivity

Feedback
The correct answer is: synergy

Question 23

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The "Markets and Competitors" section of a business plan should contain______________________.

Select one:

a. the key characteristics of buyers in each business segment

b. the size of each market segment

c. statement of the target market

d. all the responses are correct

Feedback
The correct answer is: all the responses are correct
 Question 24

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In stage of responsibility allocation process the entrepreneur follows_________________.

Select one:

a. highly centralized decision making process

b. somewhat centralized decision making process

c. highly decentralized decision making process

d. no particular standard

Feedback
The correct answer is: highly centralized decision making process

Question 25

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Which of the following is included in the description of the business?

Select one:

a. All of the given options

b. Products offered

c. Location

d. History
 Feedback
The correct answer is: All of the given options

Question 26

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Easy to start, Owner is his/her own boss, Owner keeps all the profits - These are advantages of
what type of business.

Select one:

a. Corporation

b. Partnership

c. Sole Proprietorship

d. Franchise

Feedback
The correct answer is: Sole Proprietorship

Question 27

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Which of the following ratio will be helpful for assessing the firm’s capital structure?

Select one:

a. Debt to equity ratio

b. Profitability ratio
c. Current ratio

d. Acid test ratio

Feedback
The correct answer is: Debt to equity ratio

Question 28

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Question text
Assessment of the needed resources by the entrepreneur starts with which option?

Select one:

a. An appraisal of the entrepreneur’s present resources

b. A scanning of friends and family for funds

c. An assessment of economic conditions of the country

d. A survey of banks and other financial institutions in the area

Feedback
The correct answer is: A scanning of friends and family for funds

Question 29

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Question text
The term____________ denotes bonus or financial aid which is given by a government to an
industry to help it compete with other units

Select one:
a. bounty

b. subsidy

c. concession

d. incentive

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The correct answer is: bounty

Question 30

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A/an ______ is an online connection between the company and its customers.

Select one:

a. world wide web

b. e-commerce

c. internet advertising

d. website

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The correct answer is: website

Question 31

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 Question text
The _________ analysis addresses the roles of the community, region, nation, and world in a
business.

Select one:

a. environmental

b. marketing

c. industry

d. business

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The correct answer is: environmental

Question 32

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Information regarding all of the following is related to operations, EXCEPT___________________.

Select one:

a. labour skills

b. promotion

c. location

d. raw materials

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The correct answer is: promotion

Question 33

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A horizontal merger is________________________.

Select one:

a. is the combination young entrepreneurs

b. is the combination of firms in successive stages of production

c. is the combination of firms that produce closely related projects in same area

d. is the combination of firms that produce same products and sell in different areas

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The correct answer is: is the combination of firms that produce closely related projects in same
area

Question 34

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Which one of the following best represents the environment of an entrepreneurial oriented
organization?

Select one:

a. Corporate culture

b. Traditional culture

c. Entrepreneurial culture

d. Intrapreneurial culture

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The correct answer is: Entrepreneurial culture
 Question 35

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The major approaches utilized by managers to induce employees to accomplish the planned
actions associated with implementation include all of the following except _______.

Select one:

a. authority

b. coercion

c. feedback

d. persuasion

Feedback
The correct answer is: coercion

Question 36

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The major advantage of a franchise is______________________.

Select one:

a. training and management assistance

b. personal ownership

c. nationally recognized name

d. all of these options

 Feedback
The correct answer is: all of these options

Question 37

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In terms of chronological age, most entrepreneurs initiate their entrepreneurial carrier between
ages of:

Select one:

a. 57 and 63

b. 45 and 57

c. 22 and 45

d. 15 and 22

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The correct answer is: 22 and 45

Question 38

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A valid definition of a business purpose is to __________.

Select one:

a. create a customer

b. increase the wealth of the firm

c. serve the society

d. maximize profits

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The correct answer is: maximize profits

Question 39

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Which one of the following is a barrier to new product creation and development?

Select one:

a. Trial and error

b. Intrapreneurship culture

c. Opportunity parameter

d. Opportunity cost

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The correct answer is: Opportunity cost

Question 40

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Question text
All of the following are true in the just-in-time (JIT) inventory system
EXCEPT__________________________________________.

Select one:
a. reduce capital investment in inventory

b. inventory is present throughout the entire reporting period

c. both small and large firms use this inventory system

d. inventory is only present for a short period before it is used

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The correct answer is: inventory is present throughout the entire reporting period

Question 41

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Dividing fixed costs by gross profit per unit yields

Select one:

a. profitability ratio

b. cost ratio

c. breakeven units

d. net profit

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The correct answer is: breakeven units

Question 42

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 Question text
In backward areas, term loans for expansion or setting up a new unit are available
at______________________.

Select one:

a. specific terms

b. differential terms

c. standard terms

d. concessional terms

Feedback
The correct answer is: concessional terms

Question 43

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Question text
Investment in which of the following is the riskiest?

Select one:

a. Land

b. Debentures

c. Equity shares

d. Preference shares

Feedback
The correct answer is: Debentures

Question 44

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Question text
Which is NOT a basic type of business ownership?

Select one:

a. Corporation

b. Partnership

c. Proprietorship

d. Retail

Feedback
The correct answer is: Retail

Question 45

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Question text
A foundation company is formed through which of the following?

Select one:

a. Research and development

b. Fashion

c. A winding up company

d. Most popular business

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The correct answer is: Research and development
 Question 46

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Question text
An entrepreneur____________________________________.

Select one:

a. manages financial investments

b. sets the interest rates at banks

c. enforces government regulations

d. takes the risk to earn profit

Feedback
The correct answer is: takes the risk to earn profit

Question 47

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Question text
The accounts receivable that are sold at a discount to a different company to receive immediate
cash is called_________________.

Select one:

a. asset lease

b. initial funding

c. factoring

d. cash credit
 Feedback
The correct answer is: factoring

Question 48

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Question text
A project, which may not add to the existing profits, should be financed by_________.

Select one:

a. preference share capital

b. public deposits

c. equity capital

d. debentures

Feedback
The correct answer is: debentures

Question 49

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Question text
What is a target market?

Select one:

a. A group of customers a venture reaches by accident

b. A chain of discount stores

c. All consumers who purchase the venture’s product

d. A specific group of potential customers toward which a venture aims its marketing plan

Feedback
The correct answer is: A specific group of potential customers toward which a venture aims its
marketing plan

Question 50

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A key aspect of the financial section of the business plan is________________.

Select one:

a. Production capacity

b. A description of competitors

c. A statement of management skills

d. A realistic sales forecast

Feedback
The correct answer is: A realistic sales forecast

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ENTREPRENEURSHIP AND SBM 700(2022S1ENT700)

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CONTEMP ISSUES IN INDUSTRIAL RELATIONS 700(2022S1CIR700)

ENTREPRENEURSHIP AND SBM 700(2022S1ENT700)

HUMAN RESOURCES MANAGEMENT 731(2022S1HRM731A)

HUMAN RESOURCES MANAGEMENT 732(2022S2HRM732A)

MARKET RESEARCH 700(2022S1MKR700)

STRATEGIC MANAGEMENT 731(2022S1STM731A)

STRATEGIC MANAGEMENT 732(2022S2STM732A)

TOTAL QUALITY MANAGEMENT 700(2022S2TQM700)

 

TRAINING AND DEVELOPMENT 700(2022S2TAD700)

WORK INTEGRATED LEARNING 700(2022S2WIL700B)

ENTREPRENEURSHIP AND SBM

700(2022S1ENT700)
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2. My courses
3. ENTREPRENEURSHIP AND SBM 700(2022S1ENT700)
4. Welcome to Entrepreneurship and Small Business Management 700 -
BCOM_YEAR 3
5. 2022_Entrepreneurship & SBM 700 - CA Test 2 Review Questions

Started on Wednesday, 18 May 2022, 10:21 PM

State Finished
Completed on Wednesday, 18 May 2022, 10:22 PM
Time taken 39 secs
Marks 0.00/50.00
Grade 0.00 out of 100.00

Question 1

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Normally sponsor links are used in which of the following type of promotion?
Select one:
a. Internet advertising
b. Publicity
c. Personal selling
d. Trade shows

Feedback

The correct answer is: Trade shows

Question 2

Not answered
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Question text

What is a target market?

Select one:
a. All consumers who purchase the venture’s product
b. A group of customers a venture reaches by accident
c. A chain of discount stores
d. A specific group of potential customers toward which a venture aims its
marketing plan

Feedback

The correct answer is: A specific group of potential customers toward which a
venture aims its marketing plan

Question 3

Not answered
Marked out of 1.00
 Flag question

Question text

Assessment of the needed resources by the entrepreneur starts with:

Select one:
a. A survey of banks and other financial institutions in the area
b. An assessment of economic conditions of the country
c. An appraisal of the entrepreneur’s present resources
d. A scanning of friends and family for funds

Feedback

The correct answer is: A scanning of friends and family for funds

Question 4

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Question text

A typical inventor is usually ________________________.

Select one:
a. willing to modify the invention in order to augment commercial benefit
b. none of the given options
c. highly creative &amp; in love with the invention
d. does not encourage change

Feedback

The correct answer is: highly creative &amp; in love with the invention

Question 5
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Question text

Developing a new idea through inquiry and testing is called__________________.

Select one:
a. forced relationship
b. scientific method
c. value analysis
d. heuristics

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The correct answer is: scientific method

Question 6

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Question text

The business plan should not be prepared by_________________________.

Select one:
a. entrepreneurs
b. consultants
c. engineers
d. customers

Feedback

The correct answer is: customers

Question 7

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Question text

The cover page of a business plan should contain_____________________.

Select one:
a. the funding request
b. contact information
c. key financial highlights
d. marketing plan

Feedback

The correct answer is: contact information

Question 8

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Question text

__________ is commonly used to measure the short-term solvency of the venture?

Select one:
a. Debt to equity ratio
b. Profitability ratio
c. Activity ratio
d. Current ratio

Feedback
The correct answer is: Debt to equity ratio

Question 9

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Question text

A business plan should be _______________ to convey critical information to

potential investors
Select one:
a. crisp and concise
b. Complex and technical
c. Have correct spelling and gramma
d. Long and clear

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The correct answer is: crisp and concise

Question 10

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Question text

The creative process for problem solving that involves making the strange familiar
in first step and then making the familiar strange through personal, direct or
symbolic analogy iscalled:
Select one:
a. Gordon method
b. Synectics
 c. Checklist method
d. Scientific method

Feedback

The correct answer is: Checklist method

Question 11

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Question text

The chief motivational factor for _________________ entrepreneurs to leave jobs

is the frustration of not being allowed to perform at the level of which they are
capable.
Select one:
a. female
b. male
c. all of the given options
d. young

Feedback

The correct answer is: all of the given options

Question 12

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Selling goods to another country through a person in the entrepreneur’s home
country is known as__________________________.
Select one:
a. indirect export
b. domestic sales
c. trading
d. direct export

Feedback

The correct answer is: indirect export

Question 13

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Question text

Assessment of the needed resources by the entrepreneur starts

with______________.
Select one:
a. a scanning of friends and family for funds
b. a survey of banks and other financial institutions in the area
c. an assessment of economic conditions of the country
d. an appraisal of the entrepreneur’s present resources

Feedback

The correct answer is: a scanning of friends and family for funds

Question 14

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 Flag question

Question text

Information regarding all of the following is related to operations,

EXCEPT___________________.
Select one:
a. promotion
b. raw materials
c. location
d. labour skills

Feedback

The correct answer is: promotion

Question 15

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Question text

__________ is commonly used to measure the short-term solvency of the venture?

Select one:
a. Current ratio
b. Profitability ratio
c. Activity ratio
d. Debt to equity ratio

Feedback

The correct answer is: Debt to equity ratio

Question 16
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Question text

A/an ______ is an online connection between the company and its customers.
Select one:
a. website
b. world wide web
c. e-commerce
d. internet advertising

Feedback

The correct answer is: website

Question 17

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Question text

The resistance of employees in an organization against flexibility, growth, and

diversification can be overcome by developing______________________.
Select one:
a. intrapreneurship
b. managerial domain
c. administrative domain
d. entrepreneurship

Feedback
The correct answer is: intrapreneurship

Question 18

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Question text

The entrepreneur utilizes the resources through____________________.

Select one:
a. manage the enterprise
b. implementing the business plan
c. developing a business plan
d. identifying and evaluating the opportunity

Feedback

The correct answer is: identifying and evaluating the opportunity

Question 19

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Question text

The business plan should be prepared by_______________________.

Select one:
a. consultants
b. entrepreneurs
c. all of these options
d. engineers
Feedback

The correct answer is: all of these options

Question 20

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Question text

Which one of the following is a barrier to new product creation and development?
Select one:
a. Intrapreneurship culture
b. Opportunity parameter
c. Opportunity cost
d. Trial and error

Feedback

The correct answer is: Opportunity cost

Question 21

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Question text

Lenders are primarily interested in the_____________.

Select one:
a. progress of the venture
b. marketing plan
c. personal relationship
 d. ability to pay back loan

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The correct answer is: ability to pay back loan

Question 22

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The purpose of a soft loan scheme is to encourage units to undertake___________.

Select one:
a. replacement of plant and machinery
b. renovation of plant and machinery
c. modernization of plant and machinery
d. all the given option

Feedback

The correct answer is: all the given option

Question 23

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Question text

Assessment of the needed resources by the entrepreneur starts with which option?
Select one:
a. A scanning of friends and family for funds
 b. An assessment of economic conditions of the country
c. A survey of banks and other financial institutions in the area
d. An appraisal of the entrepreneur’s present resources

Feedback

The correct answer is: A scanning of friends and family for funds

Question 24

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Question text

Institutional agencies grant financial assistance to small scale industries

for_____________.
Select one:
a. working capital assistance
b. acquisition of fixed assets
c. all of the given responses
d. participation in equity capital only

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The correct answer is: all of the given responses

Question 25

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Question text
The expenses incurred on the setting up of an enterprise is called
_____________________ .
Select one:
a. cost of current assets
b. cost of promotion
c. cost of financing
d. cost of fixed assets

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The correct answer is: cost of promotion

Question 26

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Which of the following sources is not use for medium term financing?
Select one:
a. Issue of equity shares
b. Sale of current asset
c. Issue of debentures
d. Term loans from banks

Feedback

The correct answer is: Issue of equity shares

Question 27

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Question text

Business risks can be_______________.

Select one:
a. avoided
b. ignored
c. erased
d. reduced

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The correct answer is: reduced

Question 28

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Question text

All of these are key reports that a new business person should be prepared to
generate EXCEPT_________________.
Select one:
a. chart of accounts
b. expense account
c. outside investor
d. petty cash register

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The correct answer is: outside investor

Question 29
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Identify the option that describes a chart of accounts listing what types of activities
are in the business.
Select one:
a. None of the responses
b. Debits and credits
c. Income and expense
d. Assets and liabilities

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The correct answer is: Income and expense

Question 30

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Question text

The accounts receivable that are sold at a discount to a different company to

receive immediate cash is called_________________.
Select one:
a. factoring
b. cash credit
c. initial funding
d. asset lease

Feedback
The correct answer is: factoring

Question 31

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Question text

Which of the following is NOT a characteristic of a marketing plan?

Select one:
a. It should be flexible
b. It should provide a strategy
c. It should be long and detailed
d. It should be based on facts and valid assumptions

Feedback

The correct answer is: It should be long and detailed

Question 32

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Question text

A typical inventor is usually ________________________.

Select one:
a. highly creative &amp; in love with the invention
b. does not encourage change
c. willing to modify the invention in order to augment commercial benefit
d. none of the given options
Feedback

The correct answer is: highly creative &amp; in love with the invention

Question 33

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Question text

The Marketing Plan section should focus on the strategies of

the________________.
Select one:
a. first two years
b. first four years
c. first Year
d. first Three Years

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The correct answer is: first Year

Question 34

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Which one of the following is the main problem for the entrepreneur in the
beginning stages of creating a new venture?
Select one:
a. Limited resources
 b. Lack of experience
c. None of the given options
d. Lack of education

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The correct answer is: Lack of experience

Question 35

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Question text

A small teddy bear Company in Durban is expanding its operations. The

management has determined the organization will need R100 million for the
expansion project. The organizational leaders have decided to borrow R90 million
from the First Rand Bank and fund the rest of the project through sales of its stock.
This process is indicative of ________________.
Select one:
a. strategic planning
b. resource allocation
c. objective setting
d. implementation

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The correct answer is: resource allocation

Question 36

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Question text

When management becomes bogged down with paperwork and overanalysing

every detail connected to the development of a new plan, it is referred to as
_______.
Select one:
a. inflexible adherence to objectives
b. inflexible adherence to processes
c. paralysis of the analysis
d. extensive bureaucratization

Feedback

The correct answer is: paralysis of the analysis

Question 37

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A key aspect of the financial section of the business plan is________________.

Select one:
a. Production capacity
b. A description of competitors
c. A realistic sales forecast
d. A statement of management skills

Feedback

The correct answer is: A realistic sales forecast

Question 38

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 Flag question

Question text

The cover page of a business plan should contain___________________.

Select one:
a. Target market
b. key financial highlights
c. the funding request
d. contact information

Feedback

The correct answer is: contact information

Question 39

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Question text

91. Which of the following is NOT an important aspect of international success?

Select one:
a. Planning
b. Control
c. Diversification
d. Reporting

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The correct answer is: Reporting

Question 40
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Question text

Writing a business plan can ensure that an entrepreneur___________________.

Select one:
a. sell his products
b. figures out how to make her business work
c. achieves her expense projections
d. meets his target revenue goals

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The correct answer is: figures out how to make her business work

Question 41

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Which of the following is a characteristic of a good partner?

Select one:
a. Do not exploit the partnership
b. Help to achieve goals
c. Share entrepreneur’s vision
d. All of the given options

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The correct answer is: All of the given options

Question 42

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Licensing arrangements have____________________________.

Select one:
a. several pitfalls
b. easy way to generate incremental income
c. low risk process involved
d. all of these options

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The correct answer is: all of these options

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Question text

In which type of organization does one person take all the risks?
Select one:
a. Monopoly
b. Corporation
c. Partnership
d. Proprietorship

Feedback
The correct answer is: Proprietorship

Question 44

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The most effective form of business organization for raising capital is

the______________.
Select one:
a. Proprietorship
b. Partnership
c. Joint venture
d. Corporation

Feedback

The correct answer is: Corporation

Question 45

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Question text

The simplest form of business ownership is a____________________.

Select one:
a. cooperative
b. partnership
c. corporation
 d. proprietorship

Feedback

The correct answer is: proprietorship

Question 46

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Question text

What is the advantage of corporations?

Select one:
a. Minimal government regulation
b. Has one owner
c. Short life span
d. Limited liability

Feedback

The correct answer is: Limited liability

Question 47

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Question text

Which one of the following protects continuity of the business (Specially

partnership)?
Select one:
 a. Life insurance
b. Property insurance
c. Casualty insurance
d. Cell phone Cover

Feedback

The correct answer is: Life insurance

Question 48

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Question text

Floral Shops, Bookstores, Farms are examples of what type business.

Select one:
a. Franchise
b. Corporation
c. Multinational Corporation
d. Sole Proprietorship

Feedback

The correct answer is: Sole Proprietorship

Question 49

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A partner who is not actually involved in the partnership but lends his name for
public relations purposes is a____________________________.
Select one:
a. nominal partner
b. dominant partner
c. general partner
d. silent partner

Feedback

The correct answer is: nominal partner

Question 50

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Question text

Entrepreneurs are concerned about basic issues of_________________________.

Select one:
a. risk, costs and electricity
b. sales, costs and benefits
c. risk, costs and benefits
d. customers, sales and costs

Feedback

The correct answer is: sales, costs and benefits

Finish review
◄ 2022 - Contact - Written Assignment 2
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ENTREPRENEURSHIP AND SBM
700(2022S1ENT700)
1. Dashboard
2. My courses
3. ENTREPRENEURSHIP AND SBM 700(2022S1ENT700)
4. Welcome to Entrepreneurship and Small Business Management 700 -
BCOM_YEAR 3
5. 2022_Entrepreneurship & SBM 700 - CA Test 2 Review Questions

Started on Thursday, 19 May 2022, 6:22 PM

State Finished
Completed on Thursday, 19 May 2022, 6:22 PM
Time taken 26 secs
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Question 1
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Which of the following is NOT an example of collecting primary data?

Select one:
a. Focus Group
b. Observation
c. Internet
d. Interview
Feedback

The correct answer is: Internet

Question 2
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 Flag question

Question text

The entrepreneur utilizes the resources through:

Select one:
a. Manage the enterprise
b. Developing a business plan
c. Implementing the business plan
d. Identifying and evaluating the opportunity
Feedback

The correct answer is: Identifying and evaluating the opportunity

Question 3
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Question text

Which of the following is NOT essential part of the contract?

Select one:
a. Obtain signatures of the persons involved
b. Place where contract takes place
c. All the parties involved should be named
d. Transaction should be described in detail
Feedback

The correct answer is: Place where contract takes place

Question 4
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 Flag question

Question text

According to the governing bodies of common laws, the life of trade secret
is__________________.

Select one:
a. 20 years
b. 12 years
c. as long as it remains confidential
d. 17 years
Feedback

The correct answer is: as long as it remains confidential

Question 5
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Question text

All of the following are essential to maintain secrecy EXCEPT_________________.

Select one:
a. use simple security such as locked file cabinets
b. discuss business in public places
c. train employees to refer sensitive questions to one person
d. provide escorts for all office visitors
Feedback

The correct answer is: discuss business in public places

Question 6
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 Flag question

Question text

Which one of the following is the process of entrepreneurs developing new products
that over time make current products obsolete?

Select one:
a. None of the given options
b. Anatomization
c. Creative destruction
d. New business model
Feedback

The correct answer is: Creative destruction

Question 7
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Question text

An entrepreneur doing business within the national border is called_____________________.

Select one:
a. intrapreneurship
b. international entrepreneurship
c. imports
d. domestic entrepreneurship
Feedback

The correct answer is: domestic entrepreneurship

Question 8
Not answered
Marked out of 1.00
 Flag question

Question text

The resistance of employees in an organization against flexibility, growth, and

diversification can be overcome by developing________________.

Select one:
a. intrapreneurship
b. administrative domain
c. entrepreneurship
d. managerial domain
Feedback

The correct answer is: intrapreneurship

Question 9
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Question text

The chief motivational factor for _________________ entrepreneurs to leave jobs is the
frustration of not being allowed to perform at the level of which they are capable

Select one:
a. all of the given options
b. female
c. young
d. male
Feedback

The correct answer is: all of the given options

Question 10
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 Flag question

Question text

The creative process for problem solving that involves making the strange familiar in first
step and then making the familiar strange through personal, direct or symbolic analogy
iscalled:

Select one:
a. Synectics
b. Scientific method
c. Gordon method
d. Checklist method
Feedback

The correct answer is: Checklist method

Question 11
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Question text

For the success of business plan the goals should be________________________.

Select one:
a. specific
b. generalized
c. imaginary
d. limitless
Feedback

The correct answer is: specific

Question 12
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 Flag question

Question text

Selling goods to another country by taking care of transactions is called:

Select one:
a. Direct exporting
b. Management contract
c. Indirect exporting
d. Importing
Feedback

The correct answer is: Direct exporting

Question 13
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Question text

Developing a new idea through inquiry and testing is called_____________.

Select one:
a. forced relationship
b. scientific method
c. value analysis
d. heuristics
Feedback

The correct answer is: scientific method

Question 14
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 Flag question

Question text

The chief motivational factor for _________________ entrepreneurs to leave jobs is the
frustration of not being allowed to perform at the level of which they are capable.

Select one:
a. all of the given options
b. male
c. female
d. young
Feedback

The correct answer is: all of the given options

Question 15
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Question text

Capital rising entirely depends on the entrepreneur in which of the following entity?

Select one:
a. All of the options
b. Partnership
c. Sole Proprietorship
d. Corporation
Feedback

The correct answer is: Sole Proprietorship

Question 16
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 Flag question

Question text

Which one of the following is the main problem for the entrepreneur in the beginning
stages of creating a new venture?

Select one:
a. Lack of experience
b. None of the given options
c. Lack of education
d. Limited resources
Feedback

The correct answer is: Lack of experience

Question 17
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Question text

Which one of the following best represents the environment of an entrepreneurial

oriented organization?

Select one:
a. Traditional culture
b. Intrapreneurial culture
c. Entrepreneurial culture
d. Corporate culture
Feedback

The correct answer is: Entrepreneurial culture

Question 18
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Question text

Which one of the following is a barrier to new product creation and development?

Select one:
a. Opportunity parameter
b. Intrapreneurship culture
c. Opportunity cost
d. Trial and error
Feedback

The correct answer is: Opportunity cost

Question 19
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Question text

__________ is commonly used to measure the short-term solvency of the venture?

Select one:
a. Activity ratio
b. Current ratio
c. Debt to equity ratio
d. Profitability ratio
Feedback

The correct answer is: Debt to equity ratio

Question 20
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 Flag question

Question text

The Marketing Plan section should focus on the strategies of_______________.

Select one:
a. first year
b. first four years
c. first three years
d. first two years
Feedback

The correct answer is: first year

Question 21
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Question text

Which of the following are the key factors for choosing the type of financing?

Select one:
a. All of the given option are correct
b. Prevailing interest rates
c. Assets of the venture
d. Availability of funds
Feedback

The correct answer is: All of the given option are correct

Question 22
Not answered
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 Flag question

Question text

Capital rising entirely depends on the entrepreneur in which of the following entities?

Select one:
a. None of the given options
b. Corporation
c. Sole Proprietorship
d. Partnership
Feedback

The correct answer is: Sole Proprietorship

Question 23
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Question text

Which of the following is not an aspect of appraisal of term loans by commercial banks?

Select one:
a. Technical feasibility
b. Economic feasibility
c. Societal feasibility
d. Financial feasibility
Feedback

The correct answer is: Societal feasibility

Question 24
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Question text

What can be the effect on cash flows due to delays in payments by the clients?

Select one:
a. Positive cash flows
b. None of the given options
c. Negative cash flows
d. No effect on cash flows
Feedback

The correct answer is: Negative cash flows

Question 25
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Question text

Which of the following is included in the project cost, and is estimated on the basis of
the year when the enterprise breaks even.

Select one:
a. Working capital
b. Cost of equity
c. Cost of capital
d. Cost of production
Feedback

The correct answer is: Working capital

Question 26
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Question text

Which of the following sources is not use for medium term financing?

Select one:
a. Term loans from banks
b. Issue of debentures
c. Sale of current asset
d. Issue of equity shares
Feedback

The correct answer is: Issue of equity shares

Question 27
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Investment in which of the following is the riskiest?

Select one:
a. Preference shares
b. Debentures
c. Land
d. Equity shares
Feedback

The correct answer is: Debentures

Question 28
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The accounts receivable that are sold at a discount to a different company to receive
immediate cash is called_________________.

Select one:
a. cash credit
b. factoring
c. initial funding
d. asset lease
Feedback

The correct answer is: factoring

Question 29
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The decision to seek outside funding is a _________ decision for the small business.

Select one:
a. minute
b. small
c. significant
d. slight
Feedback

The correct answer is: significant

Question 30
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Question text

Identify the option that describes a chart of accounts listing what types of activities are in
the business.

Select one:
a. Debits and credits
b. Assets and liabilities
c. Income and expense
d. None of the responses
Feedback

The correct answer is: Income and expense

Question 31
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Question text

The _________ analysis addresses the roles of the community, region, nation, and world in
a business.

Select one:
a. industry
b. business
c. marketing
d. environmental
Feedback

The correct answer is: environmental

Question 32
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Question text

A typical inventor is usually ________________________.

Select one:
a. does not encourage change
b. highly creative &amp; in love with the invention
c. none of the given options
d. willing to modify the invention in order to augment commercial benefit
Feedback

The correct answer is: highly creative &amp; in love with the invention

Question 33
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Question text

The difference in the entrepreneurial and managerial domains has contributed towards
an increase interest in__________________.

Select one:
a. intrapreneurship
b. forming new firms
c. partnership
d. private firms
Feedback

The correct answer is: forming new firms

Question 34
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Question text

Which of the following is alternatively called corporate venturing?

Select one:
a. Act of stating a new venture
b. Intrapreneurship
c. Offering new products by an existing company
d. Entrepreneurship
Feedback

The correct answer is: Intrapreneurship

Question 35
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Question text

Dividing fixed costs by gross profit per unit yields

Select one:
a. net profit
b. breakeven units
c. cost ratio
d. profitability ratio
Feedback

The correct answer is: breakeven units

Question 36
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Question text

The "Markets and Competitors" section of a business plan should

contain______________________.

Select one:
a. the key characteristics of buyers in each business segment
b. statement of the target market
c. the size of each market segment
d. all the responses are correct
Feedback

The correct answer is: all the responses are correct

Question 37
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Question text

Innovation can best be defined as_______________.

Select one:
a. the opposite of creativity
b. the successful exploitation of new ideas
c. the evolution of new ideas
d. the generation of new ideas
Feedback

The correct answer is: the successful exploitation of new ideas

Question 38
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Question text

Which one of the factors should be considered while assessing the space for business?

Select one:
a. Delivery rates
b. Access from roadways to facility
c. Parking
d. All of the given options
Feedback

The correct answer is: All of the given options

Question 39
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Question text

An is inventor is defined as someone ________________________.

Select one:
a. none of the given options
b. highly creative &amp; in love with the invention
c. willing to modify the invention in order to augment commercial benefit
d. does not encourage change
Feedback

The correct answer is: highly creative &amp; in love with the invention

Question 40
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Question text

Writing a business plan can ensure that an entrepreneur___________________.

Select one:
a. sell his products
b. figures out how to make her business work
c. meets his target revenue goals
d. achieves her expense projections
Feedback

The correct answer is: figures out how to make her business work

Question 41
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Question text

Which one of the following guide the firm through the long term decision making?

Select one:
a. Industry analysis
b. Product forecast
c. None of the given options
d. Mission statement
Feedback

The correct answer is: Mission statement

Question 42
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 Flag question

Question text

What is the advantage of corporations?

Select one:
a. Limited liability
b. Minimal government regulation
c. Has one owner
d. Short life span
Feedback

The correct answer is: Limited liability

Question 43
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Question text

A foundation company is formed through which of the following?

Select one:
a. Most popular business
b. Fashion
c. Research and development
d. A winding up company
Feedback

The correct answer is: Research and development

Question 44
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Question text

Joint ventures have been used by entrepreneur_________________________.

Select one:
a. when rapid entry in to the market is needed
b. when the entrepreneur wants to purchase local knowledge
c. none of the options
d. both of the options given
Feedback

The correct answer is: both of the options given

Question 45
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Which are the disadvantages of a partnership?

Select one:
a. Partners share unlimited liability
b. Partners may not get along
c. Partnership must be reorganized if one partner quits
d. All of these are correct
Feedback

The correct answer is: All of these are correct

Question 46
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Question text

In a corporation, owners share profit, but liability is limited to________________________.

Select one:
a. production
b. Investment
c. Distribution
d. Theft
Feedback

The correct answer is: Investment

Question 47
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Question text

An entrepreneur____________________________________.

Select one:
a. enforces government regulations
b. sets the interest rates at banks
c. takes the risk to earn profit
d. manages financial investments
Feedback

The correct answer is: takes the risk to earn profit

Question 48
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Question text

What type of business consists of two or more people?

Select one:
a. Corporation
b. Partnership
c. Franchise
d. Sole Proprietorship
Feedback

The correct answer is: Partnership

Question 49
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Question text

What kind of business is BEST described by these statements? I am the only owner of my
business. I take all the risks of doing business.

Select one:
a. Cooperative
b. Corporation
c. Proprietorship
d. Partnership
Feedback

The correct answer is: Proprietorship

Question 50
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Question text

Business owned by one person.

Select one:
a. Corporation
b. Franchise
c. Partnership
d. Sole proprietorship
Feedback

The correct answer is: Sole proprietorship

Finish review
◄ 2022 - Contact - Written Assignment 2
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 Started on Wednesday, 18 May 2022, 8:07 PM
State Finished
Completed on Wednesday, 18 May 2022, 8:07 PM
Time taken 37 secs
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Grade 0.00 out of 100.00
Question 1
Not answered
Marked out of 1.00

Flag question

Question text

What is a target market?

Select one:
a. All consumers who purchase the venture’s product
b. A specific group of potential customers toward which a venture aims its marketing
plan
c. A group of customers a venture reaches by accident
d. A chain of discount stores
Feedback

The correct answer is: A specific group of potential customers toward which a venture
aims its marketing plan

Question 2
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Question text

Which one of the following gives suggestions for new product but also helps to
marketnew product in the market?

Select one:
a. Federal government
b. Existing products and services
c. Distribution channels
d. Road shows
Feedback

The correct answer is: Distribution channels

Question 3
Not answered
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Question text

Capital rising entirely depends on the entrepreneur in which of the following entity?

Select one:
a. Partnership
b. Private company
c. Sole Proprietorship
d. Corporation
Feedback

The correct answer is: Sole Proprietorship

Question 4
Not answered
Marked out of 1.00

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Question text

For the success of business plans, the goals should be_______________________________.

Select one:
a. generalized
b. specific
c. limitless
d. imaginary
Feedback

The correct answer is: specific

Question 5
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Question text

The cover page of a business plan should contain_____________________.

Select one:
a. marketing plan
b. key financial highlights
c. the funding request
d. contact information
Feedback

The correct answer is: contact information

Question 6
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Question text

Which of the following is NOT essential part of the contract?

Select one:
a. Transaction should be described in detail
b. Place where contract takes place
c. Obtain signatures of the persons involved
d. All the parties involved should be named
Feedback

The correct answer is: Place where contract takes place

Question 7
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Question text

The quick verbal summary of a business plan is called a(n)_____________________.

Select one:
a. elevator pitch
b. proposal pitch
c. business pitch
d. concept pitch
Feedback

The correct answer is: elevator pitch

Question 8
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Question text

The resistance of employees in an organization against flexibility, growth, and

diversification can be overcome by developing________________.

Select one:
a. entrepreneurship
b. managerial domain
c. intrapreneurship
d. administrative domain
Feedback

The correct answer is: intrapreneurship

Question 9
Not answered
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Question text

Which two work environments should be good for spawning the new enterprises?

Select one:
a. Marketing and R&amp;D
b. Finance and R&amp;D
c. Finance and marketing
d. Marketing and IT
Feedback

The correct answer is: Finance and R&amp;D

Question 10
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Question text

In stage of responsibility allocation process the entrepreneur follows_______________.

Select one:
a. highly centralized decision making process
b. no particular standard
c. somewhat centralized decision making process
d. highly decentralized decision making process
Feedback

The correct answer is: highly centralized decision making process

Question 11
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Question text

The business plan should be prepared by_______________________.

Select one:
a. engineers
b. consultants
c. entrepreneurs
d. all of these options
Feedback

The correct answer is: all of these options

Question 12
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Question text

Which one of the following is the process of entrepreneurs developing new products
that over time make current products obsolete?

Select one:
a. None of the given options
b. New business model
c. Anatomization
d. Creative destruction
Feedback
The correct answer is: Creative destruction

Question 13
Not answered
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Question text

Which one of the following is a business arrangement in which someone else is allowed
to use something of the company?

Select one:
a. Patent
b. Trade mark
c. Copy right
d. Licensing
Feedback

The correct answer is: Licensing

Question 14
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Question text

A typical inventor is usually ________________________.

Select one:
a. highly creative &amp; in love with the invention
b. willing to modify the invention in order to augment commercial benefit
c. does not encourage change
d. none of the given options
Feedback

The correct answer is: highly creative &amp; in love with the invention
Question 15
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Marked out of 1.00

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Question text

In stage of responsibility allocation process the entrepreneur follows_________________.

Select one:
a. highly decentralized decision making process
b. somewhat centralized decision making process
c. highly centralized decision making process
d. no particular standard
Feedback

The correct answer is: highly centralized decision making process

Question 16
Not answered
Marked out of 1.00

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Question text

The chief motivational factor for _________________ entrepreneurs to leave jobs is the
frustration of not being allowed to perform at the level of which they are capable.

Select one:
a. all of the given options
b. female
c. young
d. male
Feedback

The correct answer is: all of the given options

Question 17
Not answered
Marked out of 1.00

Flag question

Question text

Which one of the following gives suggestions for new product but also helps to market
new product in the market?

Select one:
a. Existing products and services
b. Distribution channels
c. Federal government
d. Consumers
Feedback

The correct answer is: Distribution channels

Question 18
Not answered
Marked out of 1.00

Flag question

Question text

__________ is commonly used to measure the short-term solvency of the venture?

Select one:
a. Debt to equity ratio
b. Current ratio
c. Activity ratio
d. Profitability ratio
Feedback

The correct answer is: Debt to equity ratio

Question 19
Not answered
Marked out of 1.00

Flag question

Question text

What is a target market?

Select one:
a. A group of customers a venture reaches by accident
b. All consumers who purchase the venture’s product
c. A specific group of potential customers toward which a venture aims its marketing
plan
d. A chain of discount stores
Feedback

The correct answer is: A specific group of potential customers toward which a venture
aims its marketing plan

Question 20
Not answered
Marked out of 1.00

Flag question

Question text

An entrepreneur doing business within the national border is called_______________.

Select one:
a. imports
b. intrapreneurship
c. domestic entrepreneurship
d. international entrepreneurship
Feedback

The correct answer is: domestic entrepreneurship

Question 21
Not answered
Marked out of 1.00

Flag question

Question text

Capital rising entirely depends on the entrepreneur in which of the following entities?

Select one:
a. Partnership
b. Corporation
c. None of the given options
d. Sole Proprietorship
Feedback

The correct answer is: Sole Proprietorship

Question 22
Not answered
Marked out of 1.00

Flag question

Question text

What can be the effect on cash flows due to delays in payments by the clients?

Select one:
a. None of the given options
b. Positive cash flows
c. No effect on cash flows
d. Negative cash flows
Feedback

The correct answer is: Negative cash flows

Question 23
Not answered
Marked out of 1.00

Flag question

Question text

Which of the following are the key factors for choosing the type of financing?

Select one:
a. Availability of funds
b. Assets of the venture
c. All of the given option are correct
d. Prevailing interest rates
Feedback

The correct answer is: All of the given option are correct

Question 24
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The entrepreneur utilizes the resources through_____________.

Select one:
a. developing a business plan
b. manage the enterprise
c. identifying and evaluating the opportunity
d. implementing the business plan
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The correct answer is: identifying and evaluating the opportunity

Question 25
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Investment in which of the following is the riskiest?

Select one:
a. Equity shares
b. Debentures
c. Land
d. Preference shares
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The correct answer is: Debentures

Question 26
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Business means___________.

Select one:
a. commerce
b. industry and commerce
c. trade and commerce
d. selling and buying of goods
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The correct answer is: industry and commerce

Question 27
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Which of the following sources is not use for medium term financing?

Select one:
a. Issue of debentures
b. Term loans from banks
c. Sale of current asset
d. Issue of equity shares
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The correct answer is: Issue of equity shares

Question 28
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Which one of the following would not be considered a disadvantage of a corporation?

Select one:
a. High incorporation fees
b. Corporate capital, profits, dividends, and salaries are double taxed
c. Extensive government regulations of activities
d. Limited continuality of life of enterprise
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The correct answer is: Limited continuality of life of enterprise

Question 29
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Entrepreneurs 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?

Select one:
a. Venture capitalists
b. Personal finances provided by friends
c. Equity
d. Commercial loans
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The correct answer is: Personal finances provided by friends

Question 30
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When a firm accepts _________ they are tied in to that supplier, limiting their ability to use
other suppliers.

Select one:
a. venture capital funds
b. supplier credit
c. angel investors
d. equity funding
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The correct answer is: supplier credit

Question 31
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Publicity is _______________ promotion through media outlets.

Select one:
a. premium
b. free
c. paid
d. discounted
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The correct answer is: free

Question 32
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Which of the following is NOT a characteristic of a marketing plan?

Select one:
a. It should provide a strategy
b. It should be based on facts and valid assumptions
c. It should be long and detailed
d. It should be flexible
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The correct answer is: It should be long and detailed

Question 33
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Which one of the factors should be considered while assessing the space for business?

Select one:
a. Access from roadways to facility
b. Parking
c. All of the given options
d. Delivery rates
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The correct answer is: All of the given options

Question 34
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The _________ plan should contain control points to ascertain progress.

Select one:
a. marketing
b. financial
c. operational
d. business
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The correct answer is: operational

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A business plan should be _______________ to convey critical information to potential

investors.

Select one:
a. free of spelling and grammar
b. crisp and concise
c. long and detailed
d. complex and technical
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The correct answer is: crisp and concise

Question 36
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Innovation can best be defined as_______________.

Select one:
a. the opposite of creativity
b. the generation of new ideas
c. the evolution of new ideas
d. the successful exploitation of new ideas
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The correct answer is: the successful exploitation of new ideas

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________________ involves actions triggered by unforeseen circumstances and assists the

formal plan to function more smoothly.

Select one:
a. Tactile planning
b. Opportunistic planning
c. Resource allocation planning
d. Judgmental planning
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The correct answer is: Opportunistic planning

Question 38
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The difference in the entrepreneurial and managerial domains has contributed towards
an increase interest in__________________.

Select one:
a. forming new firms
b. intrapreneurship
c. private firms
d. partnership
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The correct answer is: forming new firms

Question 39
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The Marketing Plan section should focus on the strategies of the________________.

Select one:
a. first two years
b. first four years
c. first Year
d. first Three Years
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The correct answer is: first Year

Question 40
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In terms of chronological age, most entrepreneurs initiate their entrepreneurial carrier

between ages of:

Select one:
a. 45 and 57
b. 15 and 22
c. 57 and 63
d. 22 and 45
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The correct answer is: 22 and 45

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Who plays an important role in all three business organizations?

Select one:
a. Governors
b. Presidents
c. Entrepreneurs
d. Magistrates
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The correct answer is: Entrepreneurs

Question 42
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A foundation company is formed through which of the following?

Select one:
a. Research and development
b. Most popular business
c. Fashion
d. A winding up company
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The correct answer is: Research and development

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Which ownership type has unlimited liability (owner has full responsibility for company's
debt and can lose entire investment as well as personal assets).

Select one:
a. Partnership
b. Sole Proprietorship
c. Corporation
d. Franchise
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The correct answer is: Sole Proprietorship

Question 44
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Which of the following is an advantage of a sole proprietorship?

Select one:
a. Pride of ownership.
b. All of the options.
c. Ease of starting a business.
d. Being your own boss.
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The correct answer is: All of the options.

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In a corporation, owners share profit, but liability is limited to________________________.

Select one:
a. Theft
b. Distribution
c. production
d. Investment
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The correct answer is: Investment

Question 46
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The most effective form of business organization for raising capital is the______________.

Select one:
a. Partnership
b. Joint venture
c. Corporation
d. Proprietorship
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The correct answer is: Corporation

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Which of the following is a characteristic of a good partner?

Select one:
a. All of the given options
b. Share entrepreneur’s vision
c. Do not exploit the partnership
d. Help to achieve goals
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The correct answer is: All of the given options

Question 48
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Having more than 50% ownership position that provides the entrepreneur with
Managerial control is called___________________________.

Select one:
a. joint venture
b. horizontal merger
c. majority interest
d. diversified activity merger
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The correct answer is: majority interest

Question 49
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The Dow Jones industrial average swept past 12,000 for the first time. Investors are
increasingly optimistic about corporate earnings and the economy. This achievement
MOST likely involved which type of business organization?

Select one:
a. Corporation
b. Proprietorship
c. Conglomerate
d. Partnership
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The correct answer is: Corporation

Question 50
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A legally binding agreement between two parties is called________________.

Select one:
a. A contract
b. A copyright
c. Licensing
d. Insurance
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The correct answer is: A contract

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