This topic provides the latest mgt602 quiz 2 solution with an answer that helps in test and exam preparation and also it will be beneficial to improve your knowledge and learning skills.

MGT602 Quiz 2 Solved

1) Grameen bank issues loan on very low interest rate to poor segments of the society in Bangladesh. This is the best example of:

1. Co-entrepreneurship
2. Senior entrepreneurship
3. Serial entrepreneurship
4. Social entrepreneurship

2) Which of the following might be the characteristics of wantreprenerus>

1. Confusion about business idea
2. Indecisiveness
3. Unrealistic desires
4. All of the above

3) In which one of the following methods, as an entrepreneur, you take a limited right of doing business of an existing brand t a start your work under its umbrella>

1. Buying an existing business
2. Joining the already existing family business
3. Franchising
4. Pure entrepreneur route

4) Generally, the franchising in education sector for schools and colleges happen under the following franchising arrangement

1. Business format franchising
2. Area developer
3. Piggybank franchising
4. Product and trade name franchising

5) Mr. Ahmed can interpret the financial statements of his business very well. This is an example of __________

1. Marketing intelligence
2. Data intelligence
3. Customer intelligence
4. Financial intelligence

6) A person who starts a business after the age of 50 years is called:

1. Social entrepreneur
2. Senior entrepreneur
3. Co- entrepreneur
4. Serial entrepreneur

7) Mr. Usman has the ability to understand the balance sheets and  financial ratios of his business very well. This is an example of _________

1. Data intelligence
2. Customer intelligence
3. Persuasion and influence
4. Financial intelligence

8) In which one of the following business, there is less risk and reward>

1. Franchising
2. Pure entrepreneur route
3. Joining the already existing family business
4. None of the above

9) A business model that is more similar to Non-Governmental Organizations (NGOs) is called:

1. Serial entrepreneur
2. Co- entrepreneur
3. Senior entrepreneur
4. Social entrepreneur

10) A franchisee of McDonalds has to follow the same style of building, SOPs, design and layout, logo etc. This is an example of ___________ type of franchise control

1. Restriction of sales territory
2. Restriction of good / service to be sold
3. Approval of site and facility’s appearance
4. Required operating hours and adverting

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