Virtual University
Superior university
MGT211 Solved Grand Quiz Spring 2021
Welcome to MGT211 Grand Quizzes at VUExamGuide.com – your ultimate destination for 100% Correct Answers! If you are an MGT211 student at VU, looking for a reliable study resource to excel in your quizzes and exams, you’ve come to the right place.
Our MGT211 Grand Quizzes cover a comprehensive range of topics, meticulously prepared by our expert team to ensure accuracy and depth of understanding. With a focus on financial accounting principles and practices, these quizzes will deepen your knowledge and enhance your problem-solving skills in the field of accounting.
No more struggling with complex accounting concepts or uncertain solutions! VUExamGuide.com empowers you to excel in MGT211. Embrace the knowledge and skills you need to analyze financial transactions, prepare financial statements, and interpret the financial health of a business.
Join us now and embark on a journey of academic excellence with MGT211 Grand Quizzes. Prepare to shine and propel yourself towards a brighter future – start exploring VUExamGuide.com today!
MGT211 SOLVED MCQs
All of the following barriers exist due to economic differences in international trade Except.
Different environment
All of the following statements are true regarding partnership except____________.
There is no partnership income tax; the individual partners pay a personal income tax on their portion of partnership profits.
The form of business organization that generally has the largest volume is the __________.
Corporation
Which of the following is NOT a secondary industry?
Genetic industry
Which of the following is a primary industry?
Extractive industry and Genetic industry ….both
Which of the following is a Secondary industry?
Constructive , manufacturing, services industry…all options
Which of the following is the partner who does not take part in the management of the business but is known to the public. He is liable to the creditors of the film?
Silent partner
Which of the following is the partner who takes active part in the affairs of business and its management.He contributes his share in the capital and is liable to pay the obligations of the firm?
Active partner
Which of the following is the partner who takes active part in the affairs of the business but is unknown to the public as a partner. He is liable to the creditors of the firm?
Secret partner
Which of the following is the partner who only contributes is the capital but does not take part in the management of the business. He is liable to pay the obligations of the firm?
Sleeping partner
Which of the following is the partner who invests a large portion of capital in the business. He has a prominent position in the firm due to his experience, skill, energy, age and other facts?
Senior partner
Which of the following is the partner in a firm can make an agreement with a stranger to share the profits earned by him from the partnership business. He is not liable for any debt and can not interface in the business matters?
Sub- partner
Which of the following is a person who has a small investment in the firm and has a limited experience of business?
Junior partner
Which of the following is a person who is over 18 years of age. A person is allowed to make contract when he has attained the age of majority?
Major Partner
Which of the following is a person who is minor cannot enter into a valid contract. However, he can become a partner with the consent of all other partners. He can share profits of a business but not the losses?
Minor Partner
Which of the following is a partner who neither contributes in capital nor does he take part in the management of the business but allows his name to be used in the business is known as. He is individually and jointly liable for the debts of the firm along with other partners?
Nominal Partner
Which of the following is A partner whose life has expired is known as. The share of capital and profit of such partner is paid to his legal heirs in lump sum or in installment?
Deceased Partner
Which of the following is a A partner whose liabilities are limited to his share in business is called. He cannot take active part in the management of the firm?
Limited Partner
Which of the following is a A partner whose liabilities are unlimited is known as. He and his personal property both are liable to clear the debts of the firm?
Unlimited Partner
Which of the following is a A person who is newly admitted in the firm with the consent of all the partners. He is not liable for any act of the firm performed before he became the partner unless he agrees.
Incoming partner
Which of the following is a A partner who leaves the firm due to certain reasons is known as. He is liable to pay all the obligations and debts of the firm incurred before his retirement?
Retired Partner
Which of the following is a a partner is entitled to receive certain share of profits and is not held liable for losses is known as . He is not allowed to take part in the management of the business?
Partner in profits only
Which of the following is a A person, who was the partner of a firm but has now retired from active participation in business and has left his capital in the business as a loan, receiving interest on it, is known as ?
Quasi Partner
Which of the following is a A person who holds himself out as a partner of a firm, before a third party or allows other to do so, though he is not a partner of that firm, is called. He is not entitled to any right like other partners of the firm. He is not entitled to any right like other partners of the firm. He is personally liable to the third party for the credit given to the firm, on the faith of his representation.
Partner by Estoppel
Which of the following is NOT the characteristic of a business?
Voluntarily contribution
Which of the following is a characteristics of a business?
CAPITAL, CREATION OF UTILITY, DEALING IN GOODS AND SERVICES, Employment, Islamic Process, Motive, Organization, Productions or Purchase of goods, Regular transaction, Risk and uncertainly, Sale or transfer for value, Social welfare ……. ALL OPTIONS
The difference in value between a country’s exports and imports is called
Balance of trade
Those countries where people are earning US $9000 or more.
High income countries
Those countries where people are earning between US $765 and $9000
Middle income countries
Those countries where people are earning below US $765.
Lower income countries
The country becomes a ________ when the value of imports exceeds than value of exports in the balance of trade.
Creditor
Which of the following is not an example of non-profit making organization?
Partnership
____________ meeting must be held at least one in three months and at least four times in a year.
Director meeting
On which of the following dates companies ordinance came into force?
January 1, 1985
Statutory meeting is held by which of the following companies?
All options
Environmental forces that are controllable are called?
Internal forces
Statutory report must be send to the shareholder before meeting that is certified by at least;
3 directors of CEO
A major disadvantage of the corporate form of organization is the __________-.
Double taxation of dividends
The activity directed towards producing wealth through buying and selling goods is termed as ?
Business
‘One man one vote’ principle is applied in _________.
Co-operative society
First directors are usually named in the _______.
Articles of Association
The rules and regulations of a co-operative society are formed in its_________.
Co-operative rules
Annual General Meeting of the company that held.
Once in a year
The person who takes the major risks of a business by committing equity and time is known as
Partner
In which type of business, Government gives the financial assistance?
Joint stock company
In which stage of the company formation, MOA and AOA are submitted in the registrar’s office?
Incorporation stage
Which of the following factor(S) contribute to success of new business.
All options
Social welfare is one of the objectives of:
Public limited company
Which of the following business form has the shortest life span?
Sole- partnership
The activities that are undertaken for personal satisfaction and not to earn profit or income are known as_________.
Economics activities
Business benefits the people by providing them.
Large number of services
Which of the following can be the strength of an organization?
Presence of few competitors
In which of the following industry, raw material is converted into finished or semi finished goods
Manufacturing
WTO was established in _______
January 1995
Franchiser gets a large amount of money from franchisee as ______ while using its name.
Fee
All of the following form of business has high failure rate EXCEPT.
Corporate societies
Which of the following is included in economic factors?
Exchange rate
First meeting of the members of public limited company is known as__________
Statutory meeting
Which industry is concerned with the extraction and production of raw materials?
Primary industry
Which industry use raw materials and make useful goods?
Secondary industry
The liability of a sole trader is.
Unlimited
A major advantage of the corporate form of organization is ________
Reduction of double taxation
A period of business cycle that is characterized by high employment rate may be the period of;
Expansion
It is difficult to transfer the rights of ownership in?
Sole proprietorship
Which of the following is not the adjective of the directors meeting?
To recommend dividend
The law relating to joint stock companies has been laid in company’s ordinance?
1984
First directors are usually named in the ____________.
Articles of association
The law relating to joint stock company has been laid in companies ordinance, 1984 which came into force on _________ in Pakistan.
Januray 1985
In which stage of the company formation, MOA and AOA are submitted in the register’s office
Incorporation stage
The registration of a joint stock company is;
Compulsory
A major disadvantage of the corporate form of organization is the _________.
Double taxation of dividends
Which of the following statement is false.
Joint Venture do not provide opportunities to acquire new experitise
The relationship between persons who have agreed to share the profits of a business carried on by all or any one of them acting for all is called _________
Partnership
In which economy, the government decides that how many resources have to bee generated and how the resources should be allocated?
Planned economy
Economist and policy makers are interested in Demographics attributes to determine the ;
Demand patterns
Which document contains the objective of the business and the ways to achieve those objectives?
Business plan
_____________is the simplest form of business organization, which is owned and controlled by one man
SOLE PROPRIETORSHIP
Two or more organization combine together and form a new organization.
Merger
The word ‘limited’ at the end of the company name means;
Shareholders has limited liability
Which entity supervises the work of all cooperative societies?
Cooperative department of provincial government
Barriers to international trade include;
All options
_________________- generally has unlimited liability
The owner of a sole proprietorship
Investment, revenue, expenses and net profit is discussed in _______ of business plan?
Financial part
A document that contains rules and regulations of the company.
All options
The buying and selling of goods by way of electronic media, such as telephone is called;
E-commerce
Which of the following can be the situation of wound up of a company?
All options
The list annual general meeting should be held with the _________ of incorporation of a company.
16 month
The sale of products and services via internet is fall under the;
E-commerce
Which of the following is required the certificate of commencement?
A public limited company
The activities that are undertaken for personal satisfaction and not to earn profit or income are known as________
Non ecnomiecs activites
Which of the document contains the objectives of the business and the ways to achieve those objectives?
Business plan
Auditors are generally appointed and their remuneration, fixed at the ________
All options
A _____________ imposes limits on the quantity of a good that can be imported over a period of time.
Tariff
Which of the following is a new trend in which two or more organization combine together and form a new organization?
Merger
If the value of exports exceeds than value of imports the balance of trade is said to be favorable or a.
Trade barrier
Which mode of the business is formed when several business concern undertaking units are combined to carry on the business together fro achieving the economic benefits?
Combination
All of the following best describes the practice of corporate social responsibility, EXCEPT;
Interaction with government
Compared to licensing, franchising is a more advantageous entry mode because;
All options
Which of the following business type can avail some concessions from the government?
Cooperative society
The first stage in Evolution of business is;
Entrepreneurship
A sole proprietorship business may have;
All options
Which of the following business type can avail some concessions from the government?
Cooperative society
An agreement between two parties in which one party passes on the right to other party is called;
Franchising agreement
Which of the following can be the situation of wound up of a company?
All options
The liability of each member in cooperative society is .
Limited to the share capital
In what type of business, Expansion is comparatively difficult than others.
SOLE PROPRIETORSHIP
Following are the advantages of cooperative society except;
Lack of profit incentive
Goods produced domestically and sold in some other country is called___________
Exports
Total income of the country/ Total population is the formula to calculate.
Per capita Income
A market survey is important because it tells you;
All options
Which of the meetings is held only once in the life of a public company?
Statuary meeting
When a business enters into a legal arrangement to allow its name and product& services to be used by others for a fee it is called
Franchising
Which of the following factor(s) contribute to success of new business
All options
In which type of business, Government gives the financial assistance?
Co-operative society
A person or an organization that works for an exporter or importer is called ________________
Independent
Which of the following documents contains the name and address of the joint stock company?
Memorandum of association
All of the following barriers exist due to economic differences in international trade EXCEPT;
Preferences for particular product
The form of business organization that generally has the largest sales volume is the;
Sole proprietorship
Which of the following is NOT the characteristics of a business?
Voluntarily contribution
Which of the following is not an example of non-profit making organization?
Partnership
Which of the following can be categorized an opportunity for an organization?
Good product development
Which of the following is NOT the characteristics of a business?
Voluntarily contribution
Sole proprietorship always enjoys;
100% of profit after tax
Which of the following can be categorized as opportunity for an organization?
High employee turnover
A document that contains rules and regulations of the company.
Articles of association
The notice calling the annual general meeting, must be given to all its members at least
30 days
It is difficult to transfer the rights of ownership in ?
Sole proprietorship
Which of the meetings is held only once in the life of a public company?
Statuary meeting
Which of the following is an example of genetic industry?
Poultry farms
Which of the following have not active participation in the management of the partnership firm?
All options
The notice of the statutory meeting must be sent to each _______ at least ________ before the meeting.
Shareholders, 21 days
In which meeting of the joint stock company, the board of directors is elected by the shareholders?
General meeting
Which of the following should be considered when designing a business plan?
Financial components of the business
Who signs the documents on behalf of the joint stock company?
Common seal is used for its signature
____________ is a kind of loan which is acquired from the market.
Debenture
Partners will have to pay all the debts of the business even from their personal property.
Both
A phenomenon in which a person searches for an opportunity and try to avail it is called
Entrepreneurship
In which forms of business one party gives the right to other party to do the business by using his name and trademark?
Franchising
Which of the following enjoys limited liability?
A corporation
Which for the following statement is false?
One reason for failure small business is that most entrepreneurs are younger than 25 years old
All of the following best describes the practice of corporate social responsibility, Except
Interaction with government
Which of the following can be categorized as opportunity for an organization?
High employee turnover
Which of the following have powers of decisf bion making in joint stock company?
Board of directors
It is difficult to transfer the rights of ownership in?
Sole proprietorship
The notice calling the annual general meting, must, be given to all its members at least _________ days before the date of the meeting
30 days
ALL of the following can be the advantage of the franchise business. Except
Independency of business
Occurrence of widespread price increases throughout an economic system
Inflation
The form of business organization that generally has the largest sales volume is the
Corporation
The limit imposed by one country on importing commodities from another country is known as
Quota
Statutory meeting is held by which of the following companies?
All options
Two or more organization combine together and form a new organization.
Merger
Which of the following is a new brand in which two or more organization together and form a new organization
Merger
Which is the first stage in the formation of joint stock company?
Promotion stage
Which of the following is NOT an attribute of sole proprietor ship business?
Profit sharing
Certificate of Commencement is issued by the
Registrar of the companies
A market survey is important because it tells you;
ALL options
Two or more people or organizations join hands and decide to do a business, formed a separate
Joint venture
Which of the following is the total output of goods and services produced by an economic system is a given period of time?
Aggregate output
When a person provides his services to society on the basis of his specialized knowledge and experience is terms
Profession
__________ are the government taxes on import that raise the price of foreign goods and make less competitive goods
TAriffs
__________ describes the government payments given to certain industries to help offset some of their costs of production?
Subsides
Auditors are generally appointed and their remuneration, fixed at the _________
Annual meeting
The relationship between persons who have agreed to share the profits of a business carried on by all or any one of them acting for all is called
Partnership
The formation of ________ does not require any legal formality like registration
Sole proprietorship
A period of business cycle that is characterized by high labor turnover may be the period of ________
Evolution
______________ can expand their business by selling shares in the stock market
Joint stock company
The general Agreement on tariffs and trade (GATT) is based on the principle of
Tariff reduction through international negotiations
First directors are usually named in the___________
Articles of association
____________ describes the government-imposed restrictions on the quantity of a good that can be imported over a period of time
Quota
In which meeting of the joint stock company the board of directors is elected by the shareholders?
Annual general meeting
Statutory meeting is compulsory for;
All options
Which of the following is not the disadvantage of cooperative society?
Protection of mutual interest
The liability of each member in cooperative society is;
Limited to the share capital
In the business plan, when making financial projections, which of these would NOT form part of the plan?
Audit
Which of the following EXCLUDED from the advantages of sole proprietorship?
Unlimited liability
Concessions provided by a country to its producers to protect the economy is called a ___________
Subsidy
Which of the following business form has the shortest life span?
Sole proprietorship
Which of the following option is true for the characteristics of a limited company?
Delayed decision
A major disadvantages of the corporation form of organization is the __________.
Double taxation of dividends
Competitor analysis is discussed under the following part?
All options
A phenomenon in which a person searches for an opportunity and try to avail it is called
Entrepreneurship
In which form of business one party gives the right to other party to do the business by using his name and trademark?
Franchising
Which of the following enjoys limited liability?
A corporation
Two or more people or organizations join hands and decide to do a business, formed a separate entity is called___________
Joint venture
Which of the following statement is false?
One reason for failure small business is that most entrepreneurs are younger than 25 years
All of the following best describes the practice of corporate social responsibility, Except
Interaction with government
For a private limited company, minimum number of members are -_________
2
Which of the following are NOT invited in the annual general meeting of a company?
Debenture holders
Issuing shares and debentures belong to the _________ of the company?
Commencement
The most important step in understanding business ethics is
Establishing codes of ethics
All of the following fall in the category of ‘ business’ except
Construction of houses for personal use
___________ is the simplest form of business organization, which is owned and controlled by one man
SOLE PROPRIETORSHIP
The first annual general meeting should be held with the ____ of incorporation of a company
18 months
The relationship between person who have agreed to share the profits of a business carried one by all or any one of them acting for all is called.
Partnership
Which of the following is NOT the advantage of cooperative society?
Monopoly
Balance sheet of a company reflects
Organization’s financial health at a specific point of time
Identity, what can be the biggest advantage of a small partnership over a sole proprietorship?
Rising capital
Effective interest rate is different from nominal rate of interest because;
All options
Which of the followings equation will be used to calculate future value of ordinary annuity?
FV= CCF(1+i)^n-1
Which of the following are known as Discretionary financing?
Long term liabilities
Suppose sales of company ‘s’ have increased from RS 500,000 to RS 650,000 after 1 year. What will be the sale growth rate of company S?
130%
What is the present value of Rs, 10,000 to be paid at the end of five years if interest rate is 10% compounded annually?
Rs 6,209
Which of the following technique is used to select different investment options so as to reduce risk of losing the invested money?
Diversification
The formula to calculate future value of an amount using simple interest is.
FV=PV/(1+i)n
Which of the following item is used to estimate the cash flows while employing percentage of sales method?
Sales revenue
Formation of _____ is very lengthy, very complicated and very technical job?
Joint stock company
Goods produced domestically and sold in some other country is called __________
Exports
First directors are usually named in the _________
Articles of association
Occurrence of widespread price increases throughout an economic system
Infliation
A___________ imposes limits on the quantity of a good that can be imported over a period of time.
Quota
A document that contains the terms and conditions of the business.
Partnership deed
Which of the following is a new trend, in which one business acquires the other business instead of combining
Accquisition
Which of the following is a new trend in market in which two or more organizations combine together and form a new organization.
Merger
Which of the following is two or more than two organizations collaborate for mutual profits.
Strategic alliance
The situation when a country imports less than it exports is;
A trade sirpus
The formation of ___ does not require any legal formality like registration.
Sole proprietorship
The sale of products and services via internet is fall under the;
E-commerce
When a business enters into a legal arrangement to allow its name and product & services to be used by others for a fee it is called.
Franchisee
According to the companies ordinance the _______ must be held in once in a year.
Annual general meeting
In which part we see about customers. Their liking, locality and purchasing power
Financial part
Altering the articles of association requires __________ resolution.
Special
Total value of all goods and services produced within a given period by a national economy through domestic factors of production.
GDP
In which type of business, banks hesitate to give loans?
None options
When international trade restricts to safely, which one of the following barriers exists?
Subsides
A business related to the construction of roads and is categorized as.
Secondary industry
Election of directors and appointment of auditors is the objectives of _________.
None options
_____________ is a written document which contains the objectives of the business and the ways to achieve these objectives.
Business plan
Which of the following is not the disadvantage of cooperative society?
Untrained supervision
A person or an organization that works for an exporter or importer is called.
Independent
Issuing shares and debentures belong to the __________ of the company?
Capital subscription
Which of the following can be categorized as opportunity for an organization?
High employee turnover
Which of the following have powers of decision making in Joint Stock Company?
Board of directors
It is difficult to transfer the rights of ownership on?
Sole proprietorship
The notice calling the annual meeting, must, be given to all its members at least ________________ days before the date of the meeting
21 days
Which of the following is held only one in the life of a public company?
Statuary meeting
Which one of the following is NOT a type of business organization?
A company
Which of the following is not an example of non-profit making organization?
Partnership
All of the following can be the advantage of the franchise business. Except
Independency of business
THE limit imposed by one country on importing commodities from another country is known as;
Quota
When international trade restricts due to safety, which one of the following barriers exists?
Laws
In what type of business, there is easiest dissolution?
Sole proprietorship
Which is the first stage in the formation of Joint Stock Company?
Promotion stage
Which of the following is NOT an attribute of sole proprietor ship business?
Profit sharing
Certificate of Commencement is issued by the;
Registrar of companies
Profit distributed among shareholders is called________
Dividend
__________ generally has unlimited liability.
The owner of a sole proprietorship
______________ describe the government payments given to certain industries to help offset some of their costs of production?
Subsides
The term tariff, as used in international trade, refers to;
A tax on imports
To think about benefiting the society and avoid harmful activities for the society is called_____________
Corporate social responsibility
When a person provides his services to society on the basis of his specialized knowledge and experience is termed as
Profession
______________ are the government taxes on imports that rise the price of foreign goods and make them less competitive with domestic goods
Tariff
The activity directed towards producing wealth through buying and selling goods is termed as?
Business
Economist and policy makers are interested in Demographic attributes to determine the ________
Demand patterns
First directors are usually named in the ___________
Memorandum of association
Environmental forces that are controllable are called?
Internal forces
The relationships between who have agreed to share the profits of a business carried on by all or any one of them for all is called;
Partnership
In which economy, the government decides that how many resources have to be generated and how the resources should be allocated?
Planned economy
____________ is the simplest form of business organization, which is owned and controlled by one man
SOLE PROPRIETORWSHIP
Which document contains the objectives of the business and the ways to achieve those objectives?
Business plan
The world ‘limited’ at the end of the company name means;
Shareholders has limited company
The registration of a joint stock company is;
Compulsory
All of the following barriers exist due to economic differences in international trade EXCEPT;
Preferences for particular product
Which of the following is NOT the characteristics of a business?
Voluntarily contribution
The difference in value between a country’s exports and imports is called
Balance of trade
All of the following are the controllable factors for success in business EXCEPT;
State laws
Auditors are generally appointed and their remuneration fixed at the _________
Annual general meeting
The two major sources of raising funds or financing a business are
Owner’s capital & borrowed funds
Which of the following in the ethical behavior(s) in managerial Practices?
All options
________________ is one who has invested the maximum amount in the business?
None options
Statutory meeting must be held within __________ of the environment of the business.
3 months to 6 months
In __________ a central body will allocated the resources and then decode how these resources will be distributed.
Planned economy
If the value of exports exceeds than value of imports the balance of trade is said to be favorable or a
Trade surplus
In which of the following industry, raw material is converted into finished or semi finished goods
Manufacturing
The first stage in Evolution of business is
Industrial revolution
Which of the following does NOT belong to the right of the business?
None options
Those countries where people are earning below US $ 765 are known as:
Low income countries
A document that contains rules and regulations of the company.
Articles of association
A major disadvantage of the corporate form of organization is the ________.
Double taxation of dividends
An agreement between two parties in which one party passes on the right to other party is called:
Franchising agreement
Competitor analysis is discussed under the following part?
Marketing part
For a private limited company, minimum numbrer of members are ________.
2
A sole proprietorship business may have:
All of the given
The first annual general meeting should be held with the ________ of incorporation of a company.
18 months
In which economy, the government decides that how many resources have to be generated and how the resources should be allocated?
Planned economy
________ is no liable for the debt of the partnership business.
Sleeping partner
Franchiser gets a large amount of mony from franshisee as ________ while using its name.
Interest
The two major sources of raising funds or financing a business are:
Owner’s capital & borrowed funds
Set of organizational activities directed at attracting, developing, and maintaining an effective workforce is called:
Human resource Management
Total quantity of goods and services produced by an economic system during a given period is called
Aggregate output
The activity directed towards producing wealth through buying and selling goods is termed as?
Business
Filling out the vacant positions is?
Staffing
The two major sources of raising funds or financing a business are:
Owner’s capital & borrowed funds
In which type of business, Government gives the financial assistance?
Joint stock company
Which of the following is EXCLUDED from the advantages of sole proprietorship?
Unlimited liability
EEO stands for:
Equal Employment Opportunity
In which of the following do two or more organizations collaborate on a project for mutual gain?
Joint venture
A person who practices the functions to achieve management’s objectives?
Manager
Auditors are generally appointed and their remuneration, fixed at the ______________
Annual General Meeting
This management level is concerned with long-range planning for the organization.
Top Managerial
Which of the following business type can avail some concessions from the government?
Joint stock company
The activities that are undertaken for personal satisfaction and not to earn profit or income are known as___________.
Business activities
It is difficult to transfer the rights of ownership in?
Partnership
Which of the following is NOT a core function of management?
Motivating
A part of organization that requires separate planning is called?
Strategic Business Unit (SBU)
Which of the following is not an example of non-profit making organization?
Partnership
A document that contains rules and regulations of the company.
Money is the sole motivator for workers according to which of the following?
Theory X
________ is one who has invested the maximum amount in the business?
Senior Partner
The law relating to joint stock company has been laid in Companies Ordinence, 1984 which came into force on ________ in Pakistan.
Jan-85
Who signs the documents on behalf of the joint stock company?
common seal is used for its signature
A form designed by the employer for the prospective employee to fill it out is called?
Application blank
An agreement between two parties in which one party passes on the right to other party is called:
Joint venture
A written statement of what a job holder does, how a job is done, and why a job is done is a_______:
Job description.
In what type of business,there is easiest dissolution?
Sole proprietorship
Sources of marketing information are categorized into two groups – what are they?
External sources; internal sources.
Which of the following factor(s) contribute to success of new businesses?
Hard work
Which of the following is not the objective of the Directors’ meeting?
To issue debentures
A distribution channel represents the path of a product from a producer to:
Consumer
Which of the following Selection devices are based upon physical condition of the candidates:
Medical tests
Which of the following factor(s) contribute to failures of new businesses?
All of the given
________ are paid for short term period, e.g. for a day or for an hour or on the basis of units completed.
None of the given
What is mean by global organization?
Producing products for specific country
In franchising, all of the following are the rights of franchisee except:
Right to use factory location
A part of organization that requires separate planning is called ________.
None of the given
Those countries where people are earning below US $765?
Middle income countries
Profit distributed among shareholders is called _______.
Dividend
In which approach of marketing: unstatisfied needs of the customers are satisfied?
Product oriented
Environmental forces that are controllable are called?
Internal forces
The notice calling the ammual general meeting, must be given to all its members at least ________ days before the date of the meeting.
21 days
First meeting of the members of public limited company is known as:
Statutory meeting
Dividing the market on the basis of area, climate and cultural values is called?
Geographical segmentation
Which of the following enjoys limited liability?
A corporation
DSS stands for:
Decision support system
All of the following personal characteristics are found in an entrepreneur except:
Follower
________ meeting must be held at least once in three months and at least four times in a year.
None of the given
In which leadership style, there will be downward communication only.
Democratic style
To get a product that is up to the expectations of the customers comes under consumerism.
False
Business may be define as an economic activity undertaken with a motive of earning profit by satisfying human needs in society. The term economic activity includes the activities with the motive of:
Personal satisfation
Statutory meeting must be held within ________ of the commencement of the business
3 months to 6 months
The method of interviews where questions can be changed or adapted to meet the respondent’s intelligence and understanding is called:
Unstructured interviews
Which types of organizations have expertise in selecting people for the job?
Exports
Which of the following is not an example of non-profit making organization?
Partnership
Which of the following is an example of genetic industry?
Poultry Farms
All of the following is the barrier of international trade, Except:
Tariff
Which of the following is included in a business plan:
All of the given
The first time issuance of share is held in the:
Primary market
Job Enrichment:
Is a programme through which management seeks greater productivity from worker
Which of the following condition must be fulfilled to obtain the “Certificate of commencement”?
All of the given
Decision about activities performed by the workers is called
Organizing
Which of the meetings is held only once in the life of a public company?
Statutory meeting
Total income of the country/Total population is the formula to calculate.
Per Capita Income
Which of the following documents contains the name and address of joint stock company?
Memorandum of association
All of the following fall in the category of “business” except:
Construction of houses for personal use
Limit imposed by one country or importing commodities from another country?
Quoata
Which of the following statement is true for the World Trade Organization (WTO):
Sets tariffs to balance international trade among nations
All of the following fall in the category of “business” except:
Construction of houses for personal use
Limit imposed by one country or importing commodities from another country?
Quoata
Marketing should begin with _______.
All of the given
The activities that are undertaken for personal satisfaction and not to earn profit or income are known as ________.
Business activities
Concessions provided by a country to its producers in order to protect economy?
Subsidies
Which of the following have powers of decisions making in Joint Stock Company?
Board of directors
Election of directors and appointment of auditors is the objectives of ________.
Annual general meeting
Annual General Meeting is the meeting of the company that held
Once in a year
Those who invest in joint stock companies is called:
Shareholders
________ meeting is the first meeting after commencenent of business.
None of the given
which mode of the business is formed when several business concern undertaking units are combined to carry on the business together for achieving the economic benefits?
combination
Which of the following is not the disadvantage of cooperative society?
Lack of secrecy
________ describes life time objectives of the organization.
All of the given
Those who invest in joint stock companies is called:
Shareholders
First meeting of the members of public limited company is known as:
Statutory meeting
Which of the following have powers of decisions making in Joint Stock Company?
Board of directors
Limit imposed by one country or importing commodities from another country?
Quoata
Which of the meetings is held only once in the life of a public company?
Statutory meeting
Sole proprietorship always enjoys:
100% of profit after tax
The first time issuance of share is held in the:
Primary market
Decision about activities performed by the workers is called
Organizing
________ are the government taxes on imports that raise the price of foreign goods and make them less competitive with domestic goods.
Income tax
Which of the following is NOT an aspect to purchase a franchise business?
Attractive Location
Which of the following is not an example of non-profit making organization?
Partnership
The marketing activity of dividing market into smaller units with similar needs and characteristics is known as:
Market penetrating
All of the following personal characteristics are found in an entrepreneur except:
Follower
Which of the following is included in a economic factors?
Value system
In what type of business,there is easiest dissolution?
Sole proprietorship
Goods produce domestically and sold in some other country is called:
Exports
Sources of marketing information are categorized into two groups – what are they?
External sources; internal sources
The first annual general meeting should be held with the ________ of incorporation of a company.
18 months
Dividing the market on the basis of area, climate and cultural values is called?
Geographical segmentation
Which types of organizations have expertise in selecting people for the job?
All of the given