Introduction To Business_mgt211_mcqs
Virtual University of Lahore
- 1.
1) Which of the following business type has longest life time?
- A.
1. Sole proprietorship
- B.
2. Partnership
- C.
3. Joint stock company
- D.
4. All of the given options
Correct Answer
C. 3. Joint stock company -
- 2.
Election of the Board of Directors is done by Shareholders.
- A.
1. Through special resolution
- B.
2. In annual general meeting
- C.
3. In Special meeting
- D.
4. In statuary meeting
Correct Answer
B. 2. In annual general meeting -
- 3.
Which of the following business type, has to pay double taxes to the government?
- A.
Sole proprietorship
- B.
Partnership
- C.
Joint stock company
- D.
Cooperative Societies
Correct Answer
C. Joint stock company -
- 4.
___________ includes the rules and regulations, necessary to manage the internal affairs of the company.
- A.
1. Memorandum of Association
- B.
2. Article of Association
- C.
3. Prospectus
- D.
4. All of the given option
Correct Answer
B. 2. Article of Association -
- 5.
General information like Appointment, election and powers of directors, voting rights and transfer of shares mention in ____________.
- A.
1. Charter of Company
- B.
2. Article of Association
- C.
3. Prospectus
- D.
4. None of the given option
Correct Answer
C. 3. Prospectus -
- 6.
To call the extraordinary meeting, how many days’ notice is required?
- A.
1. 21 days
- B.
2. 15 days
- C.
3. 07 days
- D.
4. 30 days
Correct Answer
A. 1. 21 days -
- 7.
According to Section 305 of Companies Ordinance, a company may wound up by court under which of the following circumstances:
- A.
1. Statutory Declaration
- B.
2. Fails to submit statutory report
- C.
3. Expiry of Period
- D.
4. Appointment of Liquidators
Correct Answer
B. 2. Fails to submit statutory report -
- 8.
Which of the following is the source of acquiring of redeemable capital?
- A.
1. Modarba Certificate
- B.
2. Debentures
- C.
3. Participation Term Certificates
- D.
4. All of the given option
Correct Answer
C. 3. Participation Term Certificates -
- 9.
Normally some part of Capital is kept for the payment of debts at the time of winding up, is called as:
- A.
1. Reserve capital
- B.
2. Un-Issued Capital
- C.
3. Un-Called up Capital
- D.
4. All of the given option
Correct Answer
A. 1. Reserve capital -
- 10.
The following person cannot make a petition to the court to get an order for winding up of a company.
- A.
1. Petition by debtor
- B.
2. Petition by creditor
- C.
3. Petition by contributory
- D.
4. All of the above
Correct Answer
A. 1. Petition by debtor -
- 11.
Which of the following is the disadvantage of modified schedules and alternative workplace?
- A.
Freedom in professional and personal life
- B.
More Job satisfaction
- C.
Complicated coordination
- D.
Suitable for self starter who require little direct supervision
Correct Answer
C. Complicated coordination -
- 12.
Among different managerial styles, which of the following allows most rapid decision making?
- A.
Autocratic styles
- B.
Democratic styles
- C.
Free rein style
- D.
None of the given option
Correct Answer
A. Autocratic styles -
- 13.
____________ is the process of motivating others to work to meet specific objectives.
- A.
Leadership
- B.
Motivation
- C.
Free rein style
- D.
Democratic style
Correct Answer
A. Leadership -
- 14.
Which of the following represents the set of procedures involving both managers and subordinates in setting goals and evaluating progress?
- A.
Participative Management and Empowerment
- B.
Management by Objectives (MBO)
- C.
Reinforcement/Behavior Modification Theory
- D.
None of the given option
Correct Answer
B. Management by Objectives (MBO) -
- 15.
The internal environment consists of the insides forces that influence marketing strategy and decision making is/are as follows:
- A.
Organization Policies
- B.
Product Policies
- C.
Management Structure
- D.
All of the given option
Correct Answer
D. All of the given option -
- 16.
A specific communication task to be accomplished with a specific target audience during a specific period of time is called as:
- A.
Marketing Mix
- B.
Advertising objective
- C.
Market segmentation
- D.
Marketing process
Correct Answer
B. Advertising objective -
- 17.
Dividing a market into distance groups of buyers who have distinct needs, characteristics, or behavior and who might require separate products or marketing mixes.
- A.
Market segmentation
- B.
Marketing Mix
- C.
Marketing Penetration
- D.
Marketing control
Correct Answer
A. Market segmentation -
- 18.
The actors and forces outside marketing that affect marketing management’s ability to build and maintain successful relationship with target customers are called as:
- A.
Marketing Environment
- B.
Market segmentation
- C.
Marketing Mix
- D.
Marketing Penetration
Correct Answer
A. Marketing Environment -
- 19.
The set of controllable tactical marketing tools-product, price, place and promotion that the firm blends to produce the response it wants in the target market.
- A.
Market segmentation
- B.
Marketing Mix
- C.
Marketing Penetration
- D.
Marketing Environment
Correct Answer
B. Marketing Mix -
- 20.
Motor cycle and car are very different from one another, but both fulfill the need for transport is an example of:
- A.
Substitute product competition
- B.
Brand competition
- C.
International competition:
- D.
Market competition
Correct Answer
A. Substitute product competition -
- 21.
Physical distribution is a channel to make availability of ___________ from producer to consumer.
- A.
Finished goods
- B.
Work in process
- C.
Raw material
- D.
All of the given option
Correct Answer
A. Finished goods -
- 22.
Advertising strategies often depend on the product life cycle stage. Example in case of introductory stage, which of the following advertising strategy is used:
- A.
Persuasive advertising
- B.
Comparative advertising
- C.
Informative advertising
- D.
Reminder advertising
- E.
None of the given options
Correct Answer
C. Informative advertising -
- 23.
A ____________ is a promotional approach that encourages consumer demand, which then exerts pressure on wholesalers and retailers to carry a product.
- A.
Pull strategy
- B.
Push strategy
- C.
Persuasive advertising
- D.
Sales Promotion
Correct Answer
A. Pull strategy -
- 24.
_______________ includes rental or mortgage payments, insurance, and wages. Other cost includes material handling and inventory control.
- A.
Warehousing cost
- B.
Transportation cost
- C.
Distribution cost
- D.
Manufacturing cost
Correct Answer
A. Warehousing cost -
- 25.
Personal selling task in which salespeople try to persuade buyers to purchase products by providing information about their benefits is:
- A.
Order Processing
- B.
Creative Selling
- C.
Missionary Selling
- D.
None of the given option
Correct Answer
B. Creative Selling -
- 26.
Consumer promotion aimed at the _________ and Trade promotion aimed at wholesalers and retailers.
- A.
Final consumer
- B.
Retailer
- C.
Wholesalers
- D.
All of the given options
Correct Answer
A. Final consumer -
- 27.
In which of the following, Companies rent booths to display and demonstrate products to customers who have a special interest or are ready to buy.
- A.
Trade Shows
- B.
Contests
- C.
Cross-promotion
- D.
Special-event sponsorship
Correct Answer
A. Trade Shows -
- 28.
______________ is the planning, organizing, directing, and controlling of all the activities needed to get high-quality goods and services into the marketplace.
- A.
Total quality management (TQM)
- B.
Promotion strategy
- C.
Sales promotion
- D.
Management by objective (MBO)
Correct Answer
A. Total quality management (TQM) -
- 29.
A promotional tool in which information about a company or product is transmitted by general mass media, which is free, but you have little or no control of the content and delivery.
- A.
Public relation
- B.
Trade Promotion
- C.
Publicity
- D.
Consumer Promotion
Correct Answer
C. Publicity -
- 30.
Advertising strategy that tries to keep a product's name in the consumer's mind
- A.
Persuasive advertising
- B.
Comparative advertising
- C.
Informative advertising
- D.
Reminder advertising
Correct Answer
D. Reminder advertising -
- 31.
A Pizza delivery service company generated after tax earnings of Rs. 800,000. With total stockholder investments equaling Rs. 20,00,000. What was the company's return on equity?
- A.
10%
- B.
15%
- C.
40%
- D.
80%
Correct Answer
A. 10% -
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Current Version
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Jan 31, 2013Quiz Edited by
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Nov 14, 2011Quiz Created by
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