))))Vu & Company(((( MGT 602 & ECO401 current quiz

Question # 1 of 20 ( Start time: 09:57:49 AM ) Total Marks: 1
An ice cream producing company merges with a cotton spinning company this merger is an example of:
Select correct option:
Diversified activity merger0000
Product extension merger
Market extension merger
Vertical merger

Question # 2 of 20 ( Start time: 09:58:49 AM ) Total Marks: 1
Which one of the following is NOT the problem in developing the economies of different under developed countries ?
Select correct option:
Gap of knowledge
Variable rate of return00
Same communication style
Different accounting system

Question # 3 of 20 ( Start time: 10:00:15 AM ) Total Marks: 1
Which of the following type of merger have the combination of at least two firms doing similar businesses at the same market level?
Select correct option:
Vertical merger
Product extension merger
Horizontal merger0000000000
Diversified activity merger

Question # 4 of 20 ( Start time: 10:01:03 AM ) Total Marks: 1
Which of the following source of fund mostly female entrepreneurs are utilized for starting their new businesses?
Select correct option:
Secondary resources
Primary resources
Investors
Bank loans

Question # 5 of 20 ( Start time: 10:02:29 AM ) Total Marks: 1
Selling goods to another country through a person in the entrepreneur's home country is known as:
Select correct option:
Trading
Direct export 00000
Indirect export
Domestic sales

Question # 6 of 20 ( Start time: 10:03:35 AM ) Total Marks: 1
Which of the following is the method for individuals to solve problems through one of four mechanisms: personal, direct, symbolic and fantasy?
Select correct option:
Gordon method
Synetics
Heuristics
Scientific method

Question # 7 of 20 ( Start time: 10:04:49 AM ) Total Marks: 1
A merger of children books publishing company with a toys manufacturing company is an example of:
Select correct option:
Vertical merger
Product extension merger000
Horizontal merger
Diversified activity merger

Question # 8 of 20 ( Start time: 10:05:38 AM ) Total Marks: 1
Which of the following contains large number of new ideas?
Select correct option:
Files of Patent office
Official Gazette
Government patent Board
All of the given option0000

Question # 9 of 20 ( Start time: 10:06:11 AM ) Total Marks: 1
Entrepreneurial success has been significant because of the culture and the political and economic systems in _________.
Select correct option:
European countries
Asian countries000000
0 Transition economies
Middle East
Question # 10 of 20 ( Start time: 10:07:14 AM ) Total Marks: 1
In which of the following support network; individuals give psychological support to an entrepreneur?
Select correct option:
Moral support network00000000
Technical support network
Political support network
Economical support network

Question # 11 of 20 ( Start time: 10:07:44 AM ) Total Marks: 1
Which of the following is the method of developing a new idea by thinking about constraints?
Select correct option:
Matrix charting
Big diagram approach000000
Value analysis
Parameter analysis

Question # 12 of 20 ( Start time: 10:08:15 AM ) Total Marks: 1
A company sells its product to a "foreign sales office" that is located in its domestic market, this is an example of:
Select correct option:
Indirect exporting
Direct exporting
Bartering
Joint Venture

Question # 13 of 20 ( Start time: 10:09:34 AM ) Total Marks: 1
Moral support network includes following EXCEPT:
Select correct option:
Spouses
Friends
Business associates000
Relatives

Question # 14 of 20 ( Start time: 10:10:30 AM ) Total Marks: 1
The evaluation criteria for the new product should include all of the following, EXCEPT:
Select correct option:
Determination of market demand
Determination of the suppliers
Pricing and marketing policies of other competing firms
Product should be profitable

Question # 15 of 20 ( Start time: 10:11:34 AM ) Total Marks: 1
Selling goods to another country by taking care of transactions is called:
Select correct option:
Indirect exporting
Direct exporting000
Importing
Management contract


Question # 16 of 20 ( Start time: 10:12:32 AM ) Total Marks: 1
Which one of the following is an important source of idea generation due to their familiarity with the needs of market?
Select correct option:
Existing products and services
Distribution channels
Federal government
Consumers

Question # 17 of 20 ( Start time: 10:14:02 AM ) Total Marks: 1
In an international perspective, which of the following decisions are NOT covered under strategic planning of an entrepreneur?
Select correct option:
What are unique characteristics of each market?
Who should be involved in marketing decisions?
What customer benefits are provided by the product?
What are the company's major strengths and weaknesses?


Question # 18 of 20 ( Start time: 10:14:58 AM ) Total Marks: 1
The activities which occur when the new venture is started are called:
Select correct option:
Motivation
Goal orientation
Departure point
Business skills

Question # 19 of 20 ( Start time: 10:16:20 AM ) Total Marks: 1
Which one of the following is important for international business to avoid trade barriers?
Select correct option:
Protectionist attitude
Entrepreneurial partnering
Free trade areas

Question # 20 of 20 ( Start time: 10:17:51 AM ) Total Marks: 1
Following are the types of foreign direct investment EXCEPT:
Select correct option:
Joint venture
Management contracts
Minority interest
MergerQuestion # 1 of 20 ( Start time: 10:26:05 AM ) Total Marks: 1
Suppose a teacher organizes a study group by reserving a meeting room, compiling study materials and attracting students. The meeting room would most likely be which of the following factors of production?
Select correct option:

Labor
Money
Capital
Entrepreneurship

Question # 2 of 20 ( Start time: 10:27:13 AM ) Total Marks: 1
Which of the following statements describes the presence of diminishing returns?
Select correct option:

The marginal product of a factor is positive and rising.
The marginal product of a factor is positive but falling.
The marginal product of a factor is falling and negative.
The marginal product of a factor is constant.

Question # 3 of 20 ( Start time: 10:28:32 AM ) Total Marks: 1
A person will be known as risk averse person if he has:
Select correct option:

Increasing marginal utility of income.
Constant marginal utility of income.
Diminishing marginal utility of income.
A lot of wealth.

Question # 4 of 20 ( Start time: 10:29:54 AM ) Total Marks: 1
The demand for apples is expressed as: Qd = 80 - P The supply of apples is expressed as: Qs = 3P Refer to the above scenario, the equilibrium price of apples is:
Select correct option:

Rs. 10
Rs. 15
Rs. 20
Rs. 25

Question # 5 of 20 ( Start time: 10:31:17 AM ) Total Marks: 1
If two goods were perfect substitute, their indifference curves would be:
Select correct option:

Straight lines.
L-shaped.
Rectangular hyperbolas.
Parabolic.

Question # 7 of 20 ( Start time: 10:33:10 AM ) Total Marks: 1
The percentage change in quantity demanded given a percentage change in consumer's income is known as:
Select correct option:

Price elasticity of demand.
Income elasticity of demand.
Supply price elasticity.
Cross price elasticity.

Question # 8 of 20 ( Start time: 10:33:41 AM ) Total Marks: 1
When government sets the price of a good and that price is above the equilibrium price, the result will be:
Select correct option:

A surplus of the good.
A shortage of the good.
An increase in the demand for the good.
A decrease in the supply of the good.

Question # 9 of 20 ( Start time: 10:35:09 AM ) Total Marks: 1
If a 4% rise in consumer's incomes causes an 8% rise in product's demand, the income elasticity of demand for the product will be:
Select correct option:

0.5.
1.5.
2.
2.5.

Question # 10 of 20 ( Start time: 10:35:43 AM ) Total Marks: 1
It is expected that the sign of cross price elasticity of demand between two complementary goods would be:
Select correct option:

Positive.
Negative.
Zero.
Ambiguous.

Question # 12 of 20 ( Start time: 10:37:40 AM ) Total Marks: 1
A market is said to be in equilibrium when:
Select correct option:

Supply equals Price.
There is upward pressure on price.
There is downward pressure on price.
Quantity demanded is equal to quantity supplied.

Question # 13 of 20 ( Start time: 10:37:58 AM ) Total Marks: 1
If government impose a price ceiling on wheat, which of the following will occur in the market for wheat?
Select correct option:

There will be excess demand for wheat.
There will be excess supply of wheat.
The demand curve for wheat will shift leftward.
The supply curve for wheat will shift rightward.

Question # 14 of 20 ( Start time: 10:39:24 AM ) Total Marks: 1
If the cost of parts of automobiles rises, then:
Select correct option:

The demand curve for automobiles shifts to the right.
The demand curve for automobiles shifts to the left.
The supply curve for automobiles shifts to the right.
The supply curve for automobiles shifts to the left.

Question # 15 of 20 ( Start time: 10:40:08 AM ) Total Marks: 1
Suppose a person is willing to give up 20 units of good A (on the vertical axis) for 10 units of good B (on the horizontal axis), and his level of satisfaction is unchanged, the marginal rate of substitution is:
Select correct option:

0.5.
2.
5.
10.

Question # 16 of 20 ( Start time: 10:41:13 AM ) Total Marks: 1
Income elasticity of demand for the normal goods is usually:
Select correct option:

Positive.
Negative.
Constant.
One.

Question # 18 of 20 ( Start time: 10:42:23 AM ) Total Marks: 1
If a firm produces 20 units of outputs, its average variable cost is Rs.10 per unit and average total cost is Rs. 15 per unit. So, its:
Select correct option:

Marginal cost is less than Rs.5 per unit.
Average fixed cost is Rs.5 per unit.
Marginal cost is Rs.5 per unit.
Marginal cost is equal to its average fixed cost.

Question # 19 of 20 ( Start time: 10:43:04 AM ) Total Marks: 1
For a firm, which of the following is considered to be a fixed cost?
Select correct option:

Labor cost
Electricity cost
Rental cost
Depreciation cost

Question # 20 of 20 ( Start time: 10:43:40 AM ) Total Marks: 1
Which of the following shows the condition for consumer's equilibrium?
Select correct option:

Marginal utility per dollar spent on each good being equalized across all goods.
The ratio of (marginal utility per unit of the good)/ (price per unit of the good) being equalized across all goods.
The ratio of marginal utilities being equated to the ratio of prices for all possible pairs of goods.
All of the given options.

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