Question No: 1 ( Marks: 1 ) - Please choose one
Which one of the following is the process of focusing on the stimuli that are important, large and
intense?
► Retrieve information
► Positive reinforcement
► Overt perception 
► Perceptual selection

Question No: 2 ( Marks: 1 ) - Please choose one
All are the characteristics of the group EXCEPT:


► Share common goals
► One sided interaction 
► Belonging to the group
► Define themselves as members



Question No: 3 ( Marks: 1 ) - Please choose one
People of a religious sect, neighborhood, same caste and same profession are members of:


► In group 
► Out group
► Emergent group
► Secondary group

Question No: 4 ( Marks: 1 ) - Please choose one
A good contributor to positive attitudes is:


► Pessimism
► Optimism 
► Being a millionaire
► Low job satisfaction

Question No: 5 ( Marks: 1 ) - Please choose one
According to the need theory of motivation, unsatisfied needs motivate us until they:


► Become satisfied
► Become frustrated
► Lead to working hard
► Lead to self-esteem

Question No: 6 ( Marks: 1 ) - Please choose one
A major purpose of feedback is to tell a person:



► How well he or she communicates the true self
► How well he or she has performed 
► The difference between right and wrong
► When it is time to enhance self-esteem

Question No: 7 ( Marks: 1 ) - Please choose one
A person who develops a strong work ethic will automatically:



► Be strongly motivated 
► Be qualified for a supervisory position
► Behave in a highly ethical manner
► Develop a learning-goal orientation

Question No: 8 ( Marks: 1 ) - Please choose one
People most likely to be creative when they are motivated primarily by the:


► Potential financial reward for being creative
► Satisfaction and challenge of the work itself

► Fear of job loss for not being creative 
► Opportunity to obtain creative idea

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1..A minor, by misrepresenting his age, borrows some money
. (a) He can be used for fraud.
(b) He cannot be used for fraud.
(c) He is liable to return the money.
2...Consideration” is an action which:
3....The definition of agreement is provided by which section of Contract Act
4....When a person positively asserts that a fact is true but his information does not warrant it to be so, though he believes it to be true, this is a case of
5...Common rule of law is that there is no fraud if:
6...The attainment of justice is the main object of ________.____.
7.,.,.According to section 17 of contract act, which of the following includes ‘the suggestion, as a fact, of that which is not true by a contracting party who does not believe it to be true’
8,.,.,.Fraudulent misrepresentation as to contents of documents makes the contract ________
9,..,.,.Which of the following is true about “ordinance”?

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MC110401647 : Mubeen Mehmood 



Quiz Start Time: 04:11 PM  Time Left  60 
sec(s)    
 
 
Question # 1 of 10 ( Start time: 04:11:23 PM )  Total Marks: 1  
Which of the following mean different things to different people, but for many it means operating in such a way that one produces the most one can with the resources at hand?  
Select correct option:  
 
 Effectivness 
 Efficiency 
 Cost benefit analysis 
 None of the above 
 

2 
 
MC110401647 : Mubeen Mehmood 



Quiz Start Time: 04:11 PM  Time Left  24 
sec(s)    
 
 
Question # 2 of 10 ( Start time: 04:12:09 PM )  Total Marks: 1  
The most influential economic institutions are designed to achieve?  
Select correct option:  
 
 Production of the goods 
 Distribution of the goods
 
 Both a & b 
 None of the above  
 

     
 
2




 
 
MC110401647 : Mubeen Mehmood 



Quiz Start Time: 04:11 PM  Time Left  25 
sec(s)    
 
 
Question # 3 of 10 ( Start time: 04:13:27 PM )  Total Marks: 1  
______is the philosophical study of moral values and rules.  
Select correct option:  
 
 Morality  
 Ethics 
 Business Ethics 
 Philosophy  
 

     
 
2..........
 
 
MC110401647 : Mubeen Mehmood 



Quiz Start Time: 04:11 PM  Time Left  34 
sec(s)    
 
 
Question # 4 of 10 ( Start time: 04:14:47 PM )  Total Marks: 1  
Which one of the following retailer has the greatest number of employees?  
Select correct option:  
 
 TESCO 
 Carrefour 
 Wal-Mart 
 Metro 
 

     
 
3
 
 
MC110401647 : Mubeen Mehmood 



Quiz Start Time: 04:11 PM  Time Left  14 
sec(s)    
 
 
Question # 6 of 10 ( Start time: 04:17:41 PM )  Total Marks: 1  
Which principle of John Rawls assumes that a productive society will incorporate inequalities?  
Select correct option:  
 
 Principle 1 
 Principle 2 
 Part a of principle 2 
 Part b of principle 2 
 

     
 
3
 
 
MC110401647 : Mubeen Mehmood 



Quiz Start Time: 04:11 PM  Time Left  41 
sec(s)    
 
 
Question # 7 of 10 ( Start time: 04:19:01 PM )  Total Marks: 1  
Which of the following practice is considered unethical in U.S but is a standard practice in Mexico?  
Select correct option:  
 
 Nepotism 
 
 Sexism 
 
 Bribery 
 
 None of the given options
 
 

     
 
3
 
 
MC110401647 : Mubeen Mehmood 



Quiz Start Time: 04:11 PM  Time Left  11 
sec(s)    
 
 
Question # 8 of 10 ( Start time: 04:20:02 PM )  Total Marks: 1  
�Principle of Utility� as a method was the idea of:  
Select correct option:  
 
 James Mill  
 Herbert Spencer 
 Jeremy Bentham  
 Kant 
 

     
 
3
 
 
MC110401647 : Mubeen Mehmood 



Quiz Start Time: 04:11 PM  Time Left  68 
sec(s)    
 
 
Question # 9 of 10 ( Start time: 04:21:27 PM )  Total Marks: 1  
Which one of the following ethic sees concrete communities and communal relationships as having a fundamental value?  
Select correct option:  
 
 The care of ethic 
 Demands of caring  
 Communitarian ethic 
 Socialism   
 

     
 
3
 
 
MC110401647 : Mubeen Mehmood 



Quiz Start Time: 04:11 PM  Time Left  68 
sec(s)    
 
 
Question # 10 of 10 ( Start time: 04:21:58 PM )  Total Marks: 1  
Which one of the following has claimed that a virtue is any human disposition that is praised because it enables a person to achieve the good at which human "practices" aim?  
Select correct option:  
 
 John Rawals 
 Pincoffs 
 Alasdair MacIntyre  
 None of the above 
 

     
 
3

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Graded Discussion Board

International Business (MGT520)

Dear Students

This is to inform that Graded Discussion Board (GDB) No. 01 will be opened on 10th May, 2013 for discussion and last date of discussion is 14th May, 2013.

Topic/Area for Discussion:   “Global Standardization or international Adaptation”

Note:

For acquiring the relevant knowledge, do not rely only on handouts but watch the course video lectures and read additional material available online or in any other mode.

Important Instructions:

·       Your discussion must be based on logical facts.

·       The GDB will open and close at above specified date and time. Please note that no grace day or extra time will be given for posting comments on GDB.

·       Use the font style “Times New Roman” and font size “12”.

·       Your answer should be relevant to the topic i.e. clear and concise.

·       Do not copy or exchange your answer with other students. Two identical / copied comments will be marked Zero (0) and may damage your grade in the course.

·       Books, websites and other reading material may be consulted before posting your comments; but copying or reproducing the text from books, websites and other reading materials is strictly prohibited. Such comments will be marked as Zero (0) even if you provide references.

·       You should post your answer on the Graded Discussion Board (GDB), not on the Moderated Discussion Board (MDB). Both will run parallel to each other during the time specified above. Therefore, due care will be needed.

·       Obnoxious or ignoble answer should be strictly avoided.

·       You cannot participate in the discussion after the due date via email.

·       Questions / queries related to the content of the GDB, which may be posted by the students on MDB or via e-mail, will not be replied till the due date of GDB is over.

·       For planning your semester activities in an organized manner, you are advised to view schedule of upcoming Assignments, Quizzes and GDBs in the overview tab of the course website on VU-LMS.

Note related to load shedding: Please be proactive

Dear students!

As you know that Post Mid-Term semester activities have been started and load shedding problem is also prevailing in our country now a days. Keeping in view the fact, you all are advised to post your activities as early as possible without waiting for the due date. For your convenience; activity schedule has already been uploaded on VULMS for the current semester, therefore no excuse will be entertained after due date of assignments, quizzes or GDBs.

Topic: Global Standardization or international Adaptation

Background:

Companies go global mainly with these three objectives: to increase sales, to diversify/acquire resources or to minimize competitive risk. Once the decision to venture into international markets has been taken, there are two broad strategies, which can be adopted. A fundamental strategic decision has to be made immediately as to; whether employ uniform standards for products (Standardization) or customize the products according to the local culture (Adaptation) to take account of the unique characteristics of each local market. Furthermore standardization is done to achieve economy of scale and the prices of goods are relatively lower with lower profit margins as compared to customized products & adaptation is preferred when host country has higher income level and buying power with greater trend towards luxuries, the prices of goods are relatively higher along with profit margins.   

Real Time Case:

Afghanistan is an Asian country with the population over 30 million, covering an area of approximately 647,500 km². Afghanistan became member of World Trade Organization (WTO) in 2004. Afghanistan is enlisted with less developed countries; it has poor economic conditions (almost no major flourishing industry, agriculture and textile), lower income level with less buying power and relatively unstable political environment (security issues, foreign invasion, private action etc.). Social and cultural values of Afghanistan are very much different from Pakistan. One thing to remember here is that; style, trends and preferences of Afghani people and Pakhtunes (residents of Khyber Pakhtunkhuwa of Pakistan) are very much alike when it comes to dresses and shoes. Bata Pakistan is the leading footwear brand of Pakistan. Bata is proved to be a successful shoe manufacturing company in all the market segments (Men, Women, children and people of all ages and cultures) in Pakistan. Consider Bata Pakistan decides to start its business operations in Afghanistan where millions of pairs of shoes may find their consumption.

Question:

By keeping in view the above scenario please discuss that Bata Pakistan should go with Standardization or Adaptation Strategy while doing business in Afghanistan.

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CASE
Most of the nationalized corporations in Pakistan have been showing poor performance over the past decades. One of the main and much propagated reasons is the political interference. Due to political interference, a large number of people were recruited in these corporations. The major reason of this recruitment was to get political support in the masses. In order to adjust political interest, merit suffered a lot. People were recruited to posts without having relevant or required qualification and experience. This led to the improper performance of functions in these organizations. This fact led to the misuse of the resources in general and waste of resources in particular. It is evident that all the mentioned factors are linked with each other. This became the reason of too much ever increasing costs and declining revenues. Resultantly these organizations accrue financial loses and stand castigated by the public at large.

Question
Suppose you are appointed as a Total Quality Manager in any of these firms, Suggest how can the practices of TQM help your organization reduce costs and stand profiteering?

Word Limit: 500 words

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MGT401 Financial Accounting II


Quiz Start Time: 05:49 PM  Time Left  53
sec(s)  


Question # 1 of 15 ( Start time: 05:49:17 PM )  Total Marks: 1
Which of the following option is/are TRUE with respect to the Disclosure requirement for intangible assets acquired by the way of Government grants?
Select correct option:

 The fair value initially recognized
 Disclosure for carrying amount
 Disclosure for the amount of commitments for acquisition of intangible assets
 All of the given options


  
Quiz Start Time: 05:49 PM  Time Left  76
sec(s)  

Question # 2 of 15 ( Start time: 05:50:43 PM )  Total Marks: 1
Which of the following is the ability to govern the financial and operating policies of an enterprise so as to obtain from its activities?
Select correct option:

 Control
 Significant Influence
 Direct Subsidiary
 Indirect Subsidiary


Quiz Start Time: 05:49 PM  Time Left  87
sec(s)  


Question # 3 of 15 ( Start time: 05:52:09 PM )  Total Marks: 1
Which one of the following methods for inventory valuation is NOT suitable for homogeneous units?
Select correct option:

 FIFO Method
 LIFO Method
 Weighted Average Method
 Specific Identification Method



Quiz Start Time: 05:49 PM  Time Left  83
sec(s)   


Question # 4 of 15 ( Start time: 05:53:40 PM )  Total Marks: 1
Which of the following meeting is held once in the life of a company?
Select correct option:

 Statutory Meeting
 Annual General Meeting
 Extraordinary Meeting
 Board Meeting

Quiz Start Time: 05:49 PM  Time Left  85
sec(s)  


Question # 5 of 15 ( Start time: 05:55:11 PM )  Total Marks: 1
Which of the following is INCORRECT with respect to Perpetual Inventory System?
Select correct option:

 Receipt of inventory is debited to Stock Account
 Issuance of inventory is credited to Stock Account and Debited to Material Consumption Account
 Receipt of inventory is debited to Purchase Account
 Material Consumption Account becomes the part of Trading Account


Quiz Start Time: 05:49 PM  Time Left  85
sec(s)  


Question # 6 of 15 ( Start time: 05:56:16 PM )  Total Marks: 1
Which of the following business is formed by the approval of Ministry of Interior?
Select correct option:

 Money Exchange Company
 Non Banking Finance Corporation
 Security Services Providing Company
 Corporate Brokerage House



Quiz Start Time: 05:49 PM  Time Left  74
sec(s)  


Question # 7 of 15 ( Start time: 05:57:41 PM )  Total Marks: 1
The closing balance of inventory will be if: Opening inventory will Rs.1, 000, purchases will Rs.10, 000 and cost of sales will Rs.10,500.
Select correct option:

 Rs. 1,000
 Rs. 500
 Rs. 1,500
 Rs. 950

Quiz Start Time: 05:49 PM  Time Left  83
sec(s)  


Question # 8 of 15 ( Start time: 05:58:52 PM )  Total Marks: 1
Which of the following IAS deals with the Borrowing Costs?
Select correct option:

 IAS 23
 IAS 07
 IAS 01
 IAS 16


Question # 9 of 15 ( Start time: 05:59:23 PM )  Total Marks: 1
On which certificate, the birth date of a company is mentioned?
Select correct option:

 Certificate of Corporation
 Certificate of Incorporation
 Certificate of Quality
 Certificate of Excellence

Quiz Start Time: 05:49 PM  Time Left  88
sec(s)  


Question # 10 of 15 ( Start time: 06:00:33 PM )  Total Marks: 1
Who sign the Articles of Association (AOA) of a company?
Select correct option:

 Managers of the company
 Employees of the company
 Sponsors of the company
 All of the given options


Question # 11 of 15 ( Start time: 06:01:54 PM )  Total Marks: 1
Which of the following is NOT the method of stock valuation?
Select correct option:

 FIFO Method
 Weighted Average Method
 Specific Identification Method
 Straight Line Method

 Quiz Start Time: 05:49 PM  Time Left  86
sec(s)  


Question # 12 of 15 ( Start time: 06:02:12 PM )  Total Marks: 1
Which one of the following is a method of stock valuation?
Select correct option:

 Diminishing Balance Method
 Written Down Value Method
 Specific Identification Method
 Sum of Year Digit Method


     Quiz Start Time: 05:49 PM  Time Left  87
sec(s)  


Question # 13 of 15 ( Start time: 06:02:47 PM )  Total Marks: 1
Which of the following statement is/are INCORRECT under the Cost Method for recognition of investment in associated companies?
Select correct option:

 Any distribution of profits by the investee company is recorded as an expense
 Any distribution of profits by the investor company is recorded as an income
 The carrying amount of the investment is increased or decreased to reorganize the investor’s share of profits or losses of the investee after the date of acquisition
 All of the given options


    

Quiz Start Time: 05:49 PM  Time Left  75
sec(s)  


Question # 14 of 15 ( Start time: 06:03:48 PM )  Total Marks: 1
In case of calling Extraordinary General Meeting (EOGM), at least how much voting right is required by any director or share holder of a company according to Companies Ordinance 1984?
Select correct option:

 5%  voting rights
 10% voting rights
 15% voting rights

 20% voting rights

 Start Time: 05:49 PM  Time Left  75
sec(s)  


Question # 15 of 15 ( Start time: 06:04:10 PM )  Total Marks: 1
LIFO means?
Select correct option:

 Last-In-First-Out
 Large Integrated Financial Organization
 The Last-In-First-Out method of approximating the cost of stock
 None of the given options

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Please read the following instructions carefully!

Quiz will be based upon Multiple Choice Questions (MCQs). You have to attempt the quiz online. You can start attempting the quiz any time within given date(s) of a particular subject by clicking the link for Quiz in VULMS. Each question has a fixed time of 90 seconds. So you have to save your answer before 90 seconds. But due to unstable internet speeds, it is recommended that you should save your answer within 60 seconds. While attempting a question, keep an eye on the remaining time. Attempting quiz is unidirectional. Once you move forward to the next question, you can not go back to the previous one. Therefore before moving to the next question, make sure that you have selected the best option. DO NOT press Back Button / Backspace Button while attempting a question, otherwise you will lose that question. DO NOT refresh the page unnecessarily, specially when following messages appear Saving... Question Timeout: Now loading next question... Javascript MUST be enabled in your browser; otherwise you will not be able to attempt the quiz. If for any reason, you lose access to internet (like power failure or disconnection of internet), you will be able to attempt the quiz again from the question next to the last shown question. But remember that you have to complete the quiz before expiry of the deadline. If any student failed to attempt the quiz in given time then no re-take or offline quiz will be held.

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