Top 250+ Solved Entrepreneurship and Small Business Management MCQ Questions Answer
Q. The location decision should address all of the _________ points required for your industryand should enhance the _________ points.
a. Orthodox / unorthodox
b. Unorthodox / orthodox
c. Ordinary / unordinary
d. Unordinary / ordinary
Q. The _____________ describes attempts to sell current products to new customers.Product-customer exploitation strategy
a. Product development strategy
b. Customer development strategy
c. Product-customer expansion
d. none
Q. All of the following are signals of potential decline in organizational performance EXCEPT:
a. Poor communication within the organization
b. Intolerance of work incompetence
c. Fear of conflict and taking risks
d. Negative cash flow
Q. ________ is a common short-run strategy designed to address organizational weaknessesthat are leading to performance declines.
a. Retrenchment
b. Turnaround
c. Expansion
d. Diversification
Q. ________ is a strategy designed for situations in which the organization's performance problems are very serious, as reflected by its performance measures.
a. Retrenchment
b. Turnaround
c. Expansion
d. Diversification
Q. _______ is a radical redesign of the organization's business processes.
a. Reengineering
b. Downsizing
c. Bankruptcy
d. Expanding
Q. Which of the following restructuring actions involves laying off employees from theirjobs?
a. Reengineering
b. Downsizing
c. Bankruptcy
d. Expanding
Q. ______ involves dissolving or reorganizing a business under the protection ofbankruptcy legislations.
a. Reengineering
b. Downsizing
c. Bankruptcy
d. Expansion
Q. Valuation techniques generally fall into any of the following categories EXCEPT:
a. Asset valuations
b. Earnings valuations
c. Cash flow valuation
d. Depreciation valuation
Q. Which of the following agencies was created specifically to foster the creation, growth,and expansion of minority-owned businesses in the United States?
a. SCORE
b. Minority Business Development Agency
c. The World Trade Organization
d. The Federal Reserve
Q. Entrepreneurships require financial backing in order to get started in the business world. Which of the following is not one of the methods commonly utilized to obtain the financial resources needed?
a. Equity
b. Commercial loans
c. Personal finances provided by friends
d. Venture capitalists
Q. _________ financing is raising money by selling part of the ownership of the business to investors.
a. Debt
b. Equity
c. Venture capitalist
d. Public offering
Q. Of the following, which one would not be considered an alternative to independent entrepreneurship?
a. Franchise
b. Spin-off
c. Intrapreneurship
d. Extrapreneurship
Q. Of the following, which is best identified as an independent entrepreneurship that produces a product or service that originated in a large company?
a. Diversification
b. Intrapreneurship
c. Trade-off
d. Franchise
Q. In franchising, the entrepreneur assumes fewer risks because the franchise provides all but which one of the following?
a. Established market for the product
b. Management assistance in operating the business
c. Economies of scale for purchasing
d. Oversale of rights