In the name of ALLAH, the most beneficient, the most merciful

Introduction To Business (MGT211)

Multiple Choice Questions (MCQs)

 

Objective Questions

Question

Which of the following is included in a business plan:

  1. Financial information
  2. Production plans
  3. Market analysis
  4. All of the given

Answer: Chapter No.  

Question

A document containing information regarding internal and external matters of the business is called:

  1. Business plan
  2. Partnership deed
  3. Feasibility report
  4. None of the given

Answer: Chapter No.  

Question

An agreement between two parties in which one party passes on the right to other party is called:

  1. Franchising agreement
  2. Joint venture
  3. Merger
  4. Reconsolidation

Answer: Chapter No.  

Question

The two major sources of raising funds or financing a business are:

  1. Owner's capital & borrowed funds
  2. Short term and long term loans
  3. Debentures and drafts
  4. Assets and long term loans

Answer: Chapter No.  

Question

Which of the following is included in a economic factors?

  1. Religion
  2. Value system
  3. Norms
  4. Exchange rate

Answer: Chapter No.  

Question

Profit distributed among shareholders is called _______.

  1. Retained earning
  2. Dividend
  3. Debenture
  4. All of the given

Answer: Chapter No.  

Question

Which of the following is not the disadvantage of cooperative society?

  1. Lack of secrecy
  2. No profit incentive
  3. Untrained supervision
  4. Protection of mutual interest

Answer: Chapter No.  

Question

_______ meeting must be held at least once in three months and at least four times in a year.

  1. Statutory meeting
  2. Extra ordinary general meeting
  3. Director's meeting
  4. None of the given

Answer: Chapter No.  

Question

Election of directors and appointment of auditors is the objectives of ________.

  1. Annual general meeting
  2. Statutory meeting
  3. Extra ordinary general meeting
  4. None of the given

Answer: Chapter No.  

Question

The activities that are undertaken for personal satisfaction and not to earn profit or income are known as ________.

  1. Economic activities
  2. Non-economic activities
  3. Business activities
  4. None of the given

Answer: Chapter No.  

Question

In which type of Needs, Organizations encourage informal organizational activities. For example, combined lunch or dinner, Sports, Fun fair, Musical Programs etc.

  1. Safety Needs
  2. Biological Needs
  3. Social Needs
  4. Self Actualization

Answer: Chapter No.  

Question

Concessions provided by a country to its producers in order to protect economy?

  1. Quota
  2. Tariff
  3. Subsidies
  4. All of the given

Answer: Chapter No.  

Question

______ are paid for short term period, e.g. for a day or for an hour or on the basis of units completed.

  1. Salary
  2. Bonus
  3. Wages
  4. None of the given

Answer: Chapter No.  

Question

Those countries where people are earning below US $765?

  1. Middle income countries
  2. High income countries
  3. Low income countries
  4. None of the given

Answer: Chapter No.  

Question

A written statement of what a job holder does, how a job is done, and why a job is done is a_______:

  1. Job description.
  2. Human resource inventory report.
  3. Job analysis.
  4. Job specification.

Answer: Chapter No.  

Question

Which of the following factor(s) contribute to success of new businesses.

  1. Hard work
  2. Market Demand
  3. Luck
  4. All of the given

Answer: Chapter No.  

Question

Filling out the vacant positions is called ______.

  1. Leading
  2. Organizing
  3. Planning
  4. Staffing

Answer: Chapter No.  

Question

Which of the following statement is true for the World Trade Organization (WTO):

  1. Sets tariffs to balance international trade among nations.
  2. Is the successor to NAFTA.
  3. Rules on trade disputes between nations.
  4. Sets exchange rates to balance international trade among nations.

Answer: Chapter No.  

Question

What is mean by global organization?

  1. Customizing the product range for each segment in part.
  2. Craeting standardized products
  3. Producing products for specific country
  4. None of the given

Answer: Chapter No.  

Question

Which of the following are the functions of management?

  1. Planning
  2. Organizing
  3. Coordinating
  4. All of the given

Answer: Chapter No.  

Question

The marketing activity of dividing market into smaller units with similar needs and characteristics is known as:

  1. Market penetrating
  2. Target Marketing
  3. Relationship marketing
  4. Market segmentation

Answer: Chapter No.  

Question

Marketing should begin with _______.

  1. Potential customer needs
  2. The production process
  3. Identifying customer needs
  4. All of the given

Answer: Chapter No.  

Question

Which theory describes that behavior can be encouraged or discouraged by means of rewards or punishments?

  1. Theory X
  2. Theory y
  3. Reinforcement Theory
  4. Agency theory

Answer: Chapter No.  

Question

Which one of the following statements about marketing is inaccurate?

  1. The growing number of products in all categories has made it easier for marketers to capture the attention of customers.
  2. Marketing has to do with persuading customers a product meets their needs.
  3. The mass market has fragmented into many different groups of customers.
  4. Marketing is an organizational function and a set of processes for creating, communicating, and delivering value to customers.

Answer: Chapter No.  

Question

In democratic style of leadership there is:

  1. Upward communication
  2. Upward and downward communication
  3. Occasional communication
  4. Downward communication

Answer: 2 Chapter No. 21 

Question

Job Enrichment:

  1. Increases the amount of money employees are paid for completing an unit of work
  2. Is a programme through which management seeks greater productivity from workers
  3. Involves giving employees work with a greater degree of responsibility and autonomy
  4. None of the given

Answer: 2 Chapter No. 21 

Question

Sources of marketing information are categorized into two groups - what are they?

  1. Macro environmental sources; micro environmental sources.
  2. External sources; internal sources.
  3. Causal resources.
  4. All of the given

Answer: 2 Chapter No. 23 

Question

Dividing the market on the basis of area, climate and cultural values is called?

  1. Demographic segmentation
  2. Psychographic segmentation
  3. Geographical segmentation
  4. Behaviouralistic Segmentation

Answer: 3 Chapter No. 24 

Question

A distribution channel represents the path of a product from a producer to:

  1. Retailer
  2. Wholesaler
  3. Consumer
  4. Manufacturer

Answer: 3 Chapter No. 29 

Question

DSS stands for:

  1. Decision support system
  2. Data support system
  3. Data supervision system
  4. None of the given

Answer: 1 Chapter No. 42