SME MANAGEMENT (MGT601) Quiz No. 1

www.vutube.edu.pkQUIZ

Marks 10

Choose the correct option (simply highlight the correct option)1. The case in which the product manufactured by small company is purchased by a big unit as accessory is known as:a. Job subcontracting b. Purchase subcontractingc. Complementary

d. Merchandising

2. Which one of the following is not the characteristic of entrepreneursa. Need for achievement

b. Desire for responsibility

c. Future orientation

d. Communication ability

3. Inert and traditional entrepreneur that struggle to exit not to grow is known as a. Innovating entrepreneur b. Imitating entrepreneur

c. Fabian entrepreneur

d. Drone entrepreneur4. What is the contribution of SME towards the direct and indirect exports?a. 30%

b. 40%

c. 50%

d. 60%

5. Which country has about 80,000 small and medium sized enterprises in addition to two or three million persons carrying a different self employment activitiesa. South Africa

b. United States

c. Germany

d. France

6. A system of controls set up by government to protect countrys agriculture or industry from foreign competitions is known as

a. Titanium

b. Stigma

c. Monopoly

d. Protectionism

7. A loan that has a very low rate of interest is known as

a. Soft loans

b. Grants

c. Medium term loans

d. None of the mentioned

8. In 1959, __________________ has replaced the terms of management and organization for entrepreneurship

a. Aitken Huge J and Ne Clelland David b. Reggie Aggarwal and Mark Esposito

c. Herbison and Mayers

d. None of the mentioned

9. The worth placed on a product by a particular stage in the production process is known as

a. Value added

b. Default rate

c. GDP

d. Gross margin for sales

10. Adam smith published Wealth of nations in a. 1974

b. 1975

c. 1976

d. 1977