Blog: Mgt211 Online Quiz No. 2 Announced

On-Line Quiz (No.02)
Introduction to Business (MGT211)

 
Quiz will cover video lecture no. 01 to 12. Quiz will be uploaded according to following schedule

 
Opening Date and Time
April 18, 2011 At 12:01 AM (Mid-Night)

 
Closing Date and Time
April 20, 2011 At 11:59 PM (Mid-Night)
24 hours extra time is not available

For PAST SOLVED ONLINE QUIZZES & PAST PAPERS please click the below link....

VU SOLVED PAST QUIZZES & PAPERS 

Question # 1 of 15 ( Start time: 10:32:39 PM ) Total Marks: 1
Which of the following should be considered when designing a business plan?
Select correct option:
Objectives of the business
Marketing components of the business
Financial components of the business
All of the above

Question # 2 of 15 ( Start time: 10:34:01 PM ) Total Marks: 1
Working Women are those that work in
Select correct option:
Banks
Indutries
Govt
Offices
All of the Above

Question # 3 of 15 ( Start time: 10:34:41 PM ) Total Marks: 1
Following are the advantages of cooperative society except:
Select correct option:
Increase in employment
Lack of profit incentive
Friendly relation
All of the above

Question # 4 of 15 ( Start time: 10:36:03 PM ) Total Marks: 1
Which of the following is EXCLUDED from the advantages of sole proprietorship?
Select correct option:
Unlimited liability
Personal satisfaction
Entire profit
Independence

Question # 5 of 15 ( Start time: 10:37:16 PM ) Total Marks: 1
Total quantity of goods and services produced by an economic system during a given period is called
Select correct option:
Standard of living
Aggregate output
Business cycle
All of the above

Question # 6 of 15 ( Start time: 10:38:26 PM ) Total Marks: 1
Formation of -------------- is very lengthy, very complicated and very technical job.
Select correct option:
Partnership
Joint stock company
Sole proprietorship
None of the

Question # 7 of 15 ( Start time: 10:39:44 PM ) Total Marks: 1
The activity directed towards producing wealth through buying and selling goods is termed as:
Select correct option:
Business
Social services
non-economic activities
None of the given options

Question # 8 of 15 ( Start time: 10:40:42 PM ) Total Marks:
1 ----------is one who has invested the maximum amount in the business.
Select correct option:
Active Partner
Sleeping Partne
senior Partner
None of the Above

Question # 9 of 15 ( Start time: 10:41:47 PM ) Total Marks: 1
A market survey is important because it tells you:
Select correct option:
How many & what types of people are shopping at a store.
Tells you what the customer will buy.
Tells you how much the customer will pay for the product.
All of the above.

Question # 10 of 15 ( Start time: 10:42:17 PM ) Total Marks: 1
A sole trade business is started by:
Select correct option:
At least two persons
At least seven persons
Only one person
Not less than five persons

Question # 11 of 15 ( Start time: 10:43:39 PM ) Total Marks: 1
The law elating to Joint Stock Companies has been laid in companies Ordinance:
Select correct option:
1984
1980
1932
none of the above

Question # 12 of 15 ( Start time: 10:44:46 PM ) Total Marks: 1
For a private limited company, minimum number of members are ---------.
Select correct option:
2
5
7
10

Question # 13 of 15 ( Start time: 10:45:43 PM ) Total Marks: 1
For a public limited company, minimum number of members are ----------.
Select correct option:
2
5
7
10

Question # 14 of 15 ( Start time: 10:46:39 PM ) Total Marks: 1
Which of the following business form has the shortest life span?
Select correct option:
Sole proprietorship
Partnership
Company
Co-operative society

Question # 15 of 15 ( Start time: 10:48:03 PM ) Total Marks: 1
Management is the back-bone of a__________:
Select correct option:
Business
Poultry
Production
None of the given options  

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Question # 1 of 15 Which of the following is included in economic factors? 
Select correct option: 
Religion 
Value 
system 
Norms 
Exchange rate 


Question # 2 of 15 Which of the following is not an example of non-profit making organization? 
Select correct option: 
NGO’s 
Trusts 
Cooperative societies 
Partnership 


Question # 3 of 15Election of directors and appointment of auditors is the objectives of ------------. 
Select correct option: 
Annual general meeting 
Statutory meeting 
Extra ordinary general meeting 
None of the above 



Question # 4 of 15The first stage in Evolution of business is: Select correct option: 
Industrial revolution 
Marketing Era 
Entrepreneurship 
Globalization 


Question # 5 of 15Which of the following should be considered when designing a business plan? 
Select correct option: 
Objectives of the business 
Marketing components of the business 
Financial components of the business 
All of the above 


Question # 6 of 15 In franchise agreement, how many parties involved. 
Select correct option: 
Two 
Three 
Five 
None of the above 



Question # 7 of 15 In what type of business, Expansion is comparatively difficult than others 
Select correct option: 
PARTNERSHIP 
SOLE PROPRIETORSHIP 
JOINT STOCK COMPANY 
None of the Above 



Question # 8 of 15 ------- meeting must be held at least once in three months and at least four times in a year. 
Select correct option: 
Statutory meeting 
Extra ordinary general meeting 
Director's meeting 
None of the above 



Question # 9 of 15Environmental forces that are controllable are called? 
Select correct option: 
External forces 
Internal forces 
Non controllable forces 
None of the above 



Question # 10 of 15 The liability of each member in cooperative society is 
Select correct option: 
Limited to the share capital 
Limited to total property of the society 
Unlimited 
None of the above 



Question # 11 of 15Auditors are generally appointed and their remuneration, fixed at the ______________ 
Select correct option: 
ExtraordinaryMeeting 
Statutory Meeting 
Director’s Meeting Annual 
General Meeting 



Question # 12 of 15 Formation of -------------- is very lengthy, very complicated and very technical job? 
Select correct option: 
Partnership 
Joint stock company 
Sole proprietorship 
None of the above 



Question # 13 of 15Population size is included in? 
Select correct option: 
Economic factors 
Demographic factors Legal factors 
Technological 



Question # 14 of 15 In which of the following do two or more organizations collaborate on a project for mutual gain? 
Select correct option: 
Limited partnership 
Joint venture 
Public corporation 
Strategic alliance 


Question # 15 of 15 (----------is one who has invested the maximum amount in the business? 
Select correct option: 
Active Partner 
Sleeping Partner 
senior Partner 
None of the Above