Top 150+ Solved Strategic Tourism Management and Entrepreneurial Development MCQ Questions Answer
Q. Which one of the following actions by an entrepreneur is most likely to contribute to creative destruction
a. Development of a new product
b. Take over of a competitor
c. Issuing shares
d. Reducing prices
Q. An advantage of a small firm in the innovation process
a. Ability to carry out R&D
b. Ability to raise finance
c. Ability of an entrepreneur to carry out multiple tasks
d. Ability of an entrepreneur to act on new ideas or product development
Q. External links may provides incentives to
a. Raise finance
b. Introduce new working practices
c. Introduce improvements to products
d. Attend business exhibition
Q. Firms located in science part compared to those located off science park are
a. More innovative
b. Less innovative
c. More or less innovative
d. More growth oriented
Q. Innovative small firms are more likely in
a. Knowledge based sectors
b. Biotechnology
c. Automobile manufactures
d. Aerospace manufactures
Q. Schumpeter considered that innovative entrepreneur would
a. Thrive
b. Disappear
c. Be absorbed within large innovative firms
d. Be absorbed within non innovative firms
Q. Innovative entrepreneurs face special issues in racing
a. Development capital
b. Structured capital
c. Human capital
d. Seed capital
Q. Innovative entrepreneurs may have to pay high insurance premium due to the
a. The need to protect patterns
b. Greater employee liability
c. Greater customer liability
d. Greater trading risk
Q. Networking by innovative entrepreneur may be most encouraged by
a. Science park
b. Business incubators
c. Champers of commerce
d. Business associations
Q. The most likely problem encountered by innovative entrepreneurs in raising finance is
a. Limited security since R&D is an intangible asset
b. The costs of the patenting system
c. The exhaustion of personal equality in R&D
d. Inability of potential external funders to understand technology
Q. SBU stands for
a. Strategic business unit
b. Social business unit
c. Social bold unit
d. Strategic bold unit
Q. Strategic management is the set of decisions and actions in formulation and implementation of strategic designed to achieve the objective of __________________
a. An organization
b. A customer
c. A planning
d. Management
e. Finance
Q. “Strategic management is a stream of decisions and actions which leads to the development of an effective strategy or strategies to help achieve corporate objectives” who said?
a. Boulton
b. Sharplin
c. Jauch & Glueck
d. Loyd
e. Anosff
Q. The strategic management process is the way in which strategic determine objectives and _________________________
a. Make planning
b. Make coordinating
c. Make strategic decisions
d. Make recording
e. All of these
Q. “Strategic management as the formulation and implementation of plans and carrying out of activities relating to the matters which one of vital pervasive or continuing importance to the total organization “ who said it?
a. Sharplin
b. Hofer and schendel
c. Ansoff
d. Lloyd L. Byans
e. None of these