AIMA Online Assignments
Entrepreneurial Management GM13
Question 1:- "Angels" usually provide what type of
financing?
a) Debt
b) Equity
c) Stock Sales
d) None of the given
options
Question 2:- ____________ is a radical redesign of the
organization's business processes.
a)
Reengineering
b) downsizing
c) Bankruptcy
d) Expanding
Question 3:- A _____________ strategy would be most
appropriate for producing high-volume, low-variety products.
a)
Processed-focused
b)
Product-focused
c) Repetitive
Focused
d)
Virtual-focused
Question 4:- A patent is granted for a specified amount of
time because of the assumption
a) That during this
time firm will cover its development costs
b) That firm will
earn a sufficient profit during this period
c) To limit the
monopoly of the firm
d) That it will
stimulate idea and development of a better product
Question 5:- A short-term, internal source of funds can be
obtained by reducing all of following EXCEPT
a) short-term
assets
b) cash
c) Fixed
Assets
d) Inventory
Question 6:- A system of marketing by which an organization
communicates directly with customers to generate a response or transaction is
the definition of:
a) manufacturer's
representatives
b) direct
marketing
c) agent
wholesalers
d) basic
wholesaling
Question 7:- A typical inventor is usually _________
a) Highly
creative & 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
Question 8:- All of the following are important elements of
the financial data and projections section of a business plan EXCEPT:
a) SWOT
analysis
b) Projected income
statements
c) Break-even
analysis
d) Cost
controls
Question 9:- As a business grows, time management continues
to be an issue, but the entrepreneur's major concern usually becomes:
a) setting
goals
b) finding,
retaining, and motivating qualified employees
c) measuring
performance.
d) all of the
above.
Question 10:- As a company grows, the entrepreneur should
focus on his/her:
a) technical ability
to complete a task
b) written
communication.
c) management and
motivation skills.
d) public
speaking
Question 11:- Banks are more likely to provide financing for
a new product:
a) once the
product is developed
b) in the early
stages of product development.
c) while the
entrepreneur is researching the demand for the product
d) banks are likely
to provide financing at any stage of product development
Question 12:- Following are the types of foreign direct
investment EXCEPT
a) Joint
Venture
b) Management
Contracts
c) Minority
interest
d) Merger
Question 13:- If an entrepreneur's business is based on
current technology, an uncontrollable risk might be:
a) changes in
consumer tastes.
b) new technology
developments
c) the weather
d) fashion
trends
Question 14:- If teenagers who buy pizza are grouped into
those who buy them for convenience and those who buy them for taste, this is an
example of:
a) geographic
segmentation.
b) psychographic
segmentation.
c) demographic
segmentation.
d) benefit
segmentation
Question 15:- If the entrepreneur pays for the first six
months of insurance before the business opens, this is listed under start-up
costs as:
a) deposits
b) inventory
c) prepaid
expenses
d) utilities
Question 16:- Moral support network includes following
EXCEPT
a) Spouses
b) Friends
c) Business
Associates
d) Relatives
Question 17:- New low-tech products and services:
a) rarely make any
money
b) were only
successful before the Internet became popular
c) can be highly
successful
d) do not need legal
protection consideration
Question 18:- One of the first steps needed to determine the
break-even point is to:
a) do a ten-year
sales projection.
b) separate the
company's expenses into the fixed and variable categories
c) take a full-item inventory.
d) Determine current
assets.
Question 19:- The commitment of administrative domain to the
resources is for
a) Periodic
intervals
b) Total amount
needed
c) For certain
tasks
d) For long
time
Question 20:- The conclusion of the business plan will
identify the:
a) feasibility of
the business
b) purpose of the
business
c) form of
organization of the business
d) business
suppliers
Question 21:- The most common form of organization for a
small business is:
a) partnerships
b) corporations
c) sole
proprietorships
d) limited
companies
Question 22:- Which of the following cannot be covered under
the copyright protection?
a) Computer
Software
b) Computer
Hardware
c) Poems &
Songs
d) Models and
sculpture
Question 23:- Which of the following has a contradictory
relationship with an individual for being an entrepreneur?
a) His birth
order
b) Parents’ social
status
c) Parents’
occupation
d) Relationship with
parents
Question 24:- Which of the following is false?
a) A business plan
is often prepared by an existing company to ensure that growth is properly
managed.
b) A business
plan is usually not required when obtaining financing for a start-up.
c) If a business
plan is completed for a start-up, it may help the entrepreneur avoid costly
mistakes.
d) All of the
above.
Question 25:- Which of the following is NOT a requirement of
Disclosure Document?
a) Description of
the invention
b) Claims for
invention’s usefulness
c) Photos of
invention
d) Cover Letter
Question 26:- Which of the following is the backbone of
financial plan?
a) Budgeting
b) Capital
c) Nature of
business
d) All of the given
options
Question 27:- Which of the following possible financing
options has become a popular choice for entrepreneurs?
a) Angel
Investors
b) Credit
Cards
c) Venture
Capitalists
d) Public
Offering
Question 28:- Which of the following types of ratios measure
how efficiently the organization is using its assets?
a) Liquidity
Ratios
b) Leverage
Ratios
c) Operating
Ratios
d) Profitability
Ratios
Question 29:- Which one of the following gives suggestions
for new product but also helps to market new
a) Existing Products
& Services
b) Distribution
channels
c) Government
d) Consumers
Question 30:- Which one of the following is required to
develop a good team for creating something new?
a) Relationship with
team members
b) Open
discussion
c) Non flexible
behavior
d) Discouragement of
team member’s ideas
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