MNE2601
Multiple Choice
Questions
and
Answers
, Which one of the following is a managerial success factor that involves making use
of experts inside and outside the organisation to carry out some of the functions in
the business and also attend seminars and training sessions?
1 financial insight
2 use of experts
3 client service
4 market oriented
When entrepreneurs act as leaders who can persuade others to see their vision and
then turn that vision into action and reality, they are exercising the essential skill of …
1 creating trust.
2 managing conflict.
3 self-determination.
4 exerting influence.
One of the two categories of informal businesses is a/an … enterprise which
generates minimal income while owners wait for formal sector job opportunities.
1 survivalist
2 entrepreneurial
3 tourism
4 technology
The gradual changes in technology and products on a daily basis, for instance,
change from existing to new shapes, functionality or improved system contribution
refers to … innovation.
1 modular
2 radical
3 incremental
4 architectural
When a venture positions itself to take advantage of the given market conditions to
its benefit, while at the same time differing from the competitors in terms of the value
added to consumers, this is referred to as …
1 market capacity.
2 strategic differentiation.
3 opportunity evaluation.
4 market structure.
Multiple Choice
Questions
and
Answers
, Which one of the following is a managerial success factor that involves making use
of experts inside and outside the organisation to carry out some of the functions in
the business and also attend seminars and training sessions?
1 financial insight
2 use of experts
3 client service
4 market oriented
When entrepreneurs act as leaders who can persuade others to see their vision and
then turn that vision into action and reality, they are exercising the essential skill of …
1 creating trust.
2 managing conflict.
3 self-determination.
4 exerting influence.
One of the two categories of informal businesses is a/an … enterprise which
generates minimal income while owners wait for formal sector job opportunities.
1 survivalist
2 entrepreneurial
3 tourism
4 technology
The gradual changes in technology and products on a daily basis, for instance,
change from existing to new shapes, functionality or improved system contribution
refers to … innovation.
1 modular
2 radical
3 incremental
4 architectural
When a venture positions itself to take advantage of the given market conditions to
its benefit, while at the same time differing from the competitors in terms of the value
added to consumers, this is referred to as …
1 market capacity.
2 strategic differentiation.
3 opportunity evaluation.
4 market structure.
