Question 1

All of the following are characteristics of small business EXCEPT

Accepted Answer

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 
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

Question 2

Networking by innovative entrepreneur may be most encouraged by

Accepted Answer

A) Science park 
B) Business incubators 
C) Champers of commerce 
D) Business associations 
A) Science park 
B) Business incubators 
C) Champers of commerce 
D) Business associations

Question 3

What does yellow symbolize in BCG matrix?

Accepted Answer

A) Invest and expand 
B) Harvest and divest 
C) Select and earn 
D) Both ( a) and (b) 
A) Invest and expand 
B) Harvest and divest 
C) Select and earn 
D) Both ( a) and (b)

Question 4

Low cost, differentiation and focus are example of ____________

Accepted Answer

A) Corporate strategies 
B) Operational strategies 
C) Business strategies 
D) Functional strategies 
A) Corporate strategies 
B) Operational strategies 
C) Business strategies 
D) Functional strategies

Question 5

The ward tactic is most likely to be associated with

Accepted Answer

A) Business strategy 
B) Corporate strategy 
C) Operational strategy 
D) All of the above 
A) Business strategy 
B) Corporate strategy 
C) Operational strategy 
D) All of the above

Question 6

SWOT analysis includes _______________________

Accepted Answer

A) Corporate strategy 
B) Business level strategy 
C) Functional strategy 
D) Strategic plan 
E) All of these 
A) Corporate strategy 
B) Business level strategy 
C) Functional strategy 
D) Strategic plan 
E) All of these

Question 7

The GE 9 cell model is based on

Accepted Answer

A) Industry attractiveness & business strength 
B) Industry growth rate & business strength 
C) Industry attractiveness & relative market share 
D) Industry growth rate & relative market share 
A) Industry attractiveness & business strength 
B) Industry growth rate & business strength 
C) Industry attractiveness & relative market share 
D) Industry growth rate & relative market share

Question 8

"The goal is the necessary equipment for conducting of professional units in important fields , the flight of management will be aimless without this because there will neither be any signs nor any early familiar way to know the way" who said

Accepted Answer

A) Koontz and O'Donnell 
B) Pearce and robinson 
C) Thompson 
D) Peter F Drucker 
E) All of these 
A) Koontz and O'Donnell 
B) Pearce and robinson 
C) Thompson 
D) Peter F Drucker 
E) All of these

Question 9

In GE 9 cell matrix what is the label of the horizontal axis?

Accepted Answer

A) Relative market share 
B) Industry attractiveness 
C) Industry growth rate 
D) Market growth rate 
A) Relative market share 
B) Industry attractiveness 
C) Industry growth rate 
D) Market growth rate

Question 10

"Mission is the fundamental work given by the society to an organization" who said?

Accepted Answer

A) Koontz and O'Donnell 
B) Thompson 
C) Daulton E Mc Fatland 
D) All of these 
E) None of these 
A) Koontz and O'Donnell 
B) Thompson 
C) Daulton E Mc Fatland 
D) All of these 
E) None of these

Question 11

Strategic implementation is concerned with making decisions with regard to

Accepted Answer

A) Developing an organizational structure to achieve the strategy 
B) Recording the financial transactions 
C) Keeping the records 
D) Recording the data 
E) None of these 
A) Developing an organizational structure to achieve the strategy 
B) Recording the financial transactions 
C) Keeping the records 
D) Recording the data 
E) None of these

Question 12

Corporate level strategy is formulated by ___________________-

Accepted Answer

A) Lower management 
B) Top management 
C) Customer 
D) Bankers 
E) None of these 
A) Lower management 
B) Top management 
C) Customer 
D) Bankers 
E) None of these

Question 13

Strategy intent includes _______________________

Accepted Answer

A) Vision 
B) Mission 
C) Objectives 
D) All of these 
E) None of these 
A) Vision 
B) Mission 
C) Objectives 
D) All of these 
E) None of these

Question 14

The overall strategy of any firm comprises decision on ________________

Accepted Answer

A) Customer mix 
B) Product mix 
C) Geographic limits of the market to be served 
D) Objectives 
E) All of these 
A) Customer mix 
B) Product mix 
C) Geographic limits of the market to be served 
D) Objectives 
E) All of these

Question 15

Strategic management includes _____________________

Accepted Answer

A) Accounting 
B) Product and services 
C) Demand 
D) Strategic planning 
E) Price 
A) Accounting 
B) Product and services 
C) Demand 
D) Strategic planning 
E) Price

Question 16

The creation of new firms is important because these new firms contribute to economic development through benefits that include all of the following except

Accepted Answer

A) Product-process innovation 
B) Increased tax revenues 
C) Unemployment 
D) Social betterment 
A) Product-process innovation 
B) Increased tax revenues 
C) Unemployment 
D) Social betterment

Question 17

Strategic management includes ________________

Accepted Answer

A) Organizational mission 
B) Organizational objectives 
C) Organizational strategies 
D) All of the above 
E) None of these 
A) Organizational mission 
B) Organizational objectives 
C) Organizational strategies 
D) All of the above 
E) None of these

Question 18

Which of the following is not a part of the macro environment?

Accepted Answer

A) Laws & policies 
B) Demographics 
C) Suppliers 
D) Social values 
A) Laws & policies 
B) Demographics 
C) Suppliers 
D) Social values

Question 19

An individual who has prior business ownership experience is called a _________________ entrepreneur

Accepted Answer

A) Novice 
B) Habitual 
C) Serial 
D) Portfolio 
A) Novice 
B) Habitual 
C) Serial 
D) Portfolio

Question 20

What do cash cows symbolize in BCG matrix?

Accepted Answer

A) Remain diversified 
B) Invest 
C) Stable 
D) Liquidate 
A) Remain diversified 
B) Invest 
C) Stable 
D) Liquidate

All of the following are characteristics of small business EXCEPT

Networking by innovative entrepreneur may be most encouraged by

What does yellow symbolize in BCG matrix?

Low cost, differentiation and focus are example of ____________

The ward tactic is most likely to be associated with

SWOT analysis includes _______________________

The GE 9 cell model is based on

"The goal is the necessary equipment for conducting of professional units in important fields , the flight of management will be aimless without this because there will neither be any signs nor any early familiar way to know the way" who said

In GE 9 cell matrix what is the label of the horizontal axis?

"Mission is the fundamental work given by the society to an organization" who said?

Strategic implementation is concerned with making decisions with regard to

Corporate level strategy is formulated by ___________________-

Strategy intent includes _______________________

The overall strategy of any firm comprises decision on ________________

Strategic management includes _____________________

The creation of new firms is important because these new firms contribute to economic development through benefits that include all of the following except

Strategic management includes ________________

Which of the following is not a part of the macro environment?

An individual who has prior business ownership experience is called a _________________ entrepreneur

What do cash cows symbolize in BCG matrix?

The Importance and Components of Strategic Management and Entrepreneurship

Entrepreneurship: Types, Elements, and Objectives

Creativity, Entrepreneurship, and Plant Layout

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Exam 1: Business Policy, Strategic Management, and Entrepreneurship

All of the following are characteristics of small business EXCEPT

Networking by innovative entrepreneur may be most encouraged by

What does yellow symbolize in BCG matrix?

Low cost, differentiation and focus are example of ____________

The ward tactic is most likely to be associated with

SWOT analysis includes _______________________

The GE 9 cell model is based on

"The goal is the necessary equipment for conducting of professional units in important fields , the flight of management will be aimless without this because there will neither be any signs nor any early familiar way to know the way" who said

In GE 9 cell matrix what is the label of the horizontal axis?

"Mission is the fundamental work given by the society to an organization" who said?

Strategic implementation is concerned with making decisions with regard to

Corporate level strategy is formulated by ___________________-

Strategy intent includes _______________________

The overall strategy of any firm comprises decision on ________________

Strategic management includes _____________________

The creation of new firms is important because these new firms contribute to economic development through benefits that include all of the following except

Strategic management includes ________________

Which of the following is not a part of the macro environment?

An individual who has prior business ownership experience is called a _________________ entrepreneur

What do cash cows symbolize in BCG matrix?

The Importance and Components of Strategic Management and Entrepreneurship

Entrepreneurship: Types, Elements, and Objectives

Creativity, Entrepreneurship, and Plant Layout

Filters