Top 150+ Solved Strategic Tourism Management and Entrepreneurial Development MCQ Questions Answer
Q. Another name for GE 9 cell model is
a. Three color matrix
b. Stop light matrix
c. Strategic portfolio
d. Color light matrix
Q. What does question mark (?) symbolize in BCG matrix?
a. Remain diversified
b. Invest
c. Stable
d. Liquidate
Q. What do cash cows symbolize in BCG matrix?
a. Remain diversified
b. Invest
c. Stable
d. Liquidate
Q. What does green symbolize in BCG matrix?
a. Invest and expand
b. Select and earn
c. Harvest and divest
d. Both ( a) and (b)
Q. What does yellow symbolize in BCG matrix?
a. Invest and expand
b. Harvest and divest
c. Select and earn
d. Both ( a) and (b)
Q. Which of the following is not recognized as a misconception about entrepreneurship?
a. Successful entrepreneurship needs only a great idea
b. Entrepreneurship is easy
c. Entrepreneurship is found only is small business
d. Entrepreneurial ventures and small business are different
Q. All of the following are characteristics of small business EXCEPT
a. Small business are independently owned, operated and financed
b. Small business have fewer than 100 employee
c. Small business emphasis new or innovative practices
d. Small business have little impact on industry
Q. Which of the following is NOT on the three areas in which the importance of entrepreneurship can be shown?
a. Innovation
b. No. of new start-ups
c. Job creation and employment
d. Bureaucracy
Q. The creation of new firms is important because these new firms contribute to economic development through benefits that include all of the following except
a. Product-process innovation
b. Increased tax revenues
c. Unemployment
d. Social betterment
Q. All of the following represent countries in which the highest level of entrepreneurial activity was found except
a. Australia
b. Korea
c. Norway
d. Japan
Q. Positive external trends or changes that provides unique and distinct possibilities for innovating and creating value are called _________________________
a. Strength
b. Opportunities
c. Weakness
d. Threats
Q. All of the following are popular demographic factors about entrepreneurs that have been study except
a. Self confidence
b. Gender
c. Education
d. Family birth order
Q. An individual who has prior business ownership experience is called a _________________ entrepreneur
a. Novice
b. Habitual
c. Serial
d. Portfolio
Q. The three main responsibilities involved with managing an entrepreneurial venture once its up and running include all of the following except
a. Managing process
b. Managing people
c. Managing bureaucracy
d. Managing growth