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.