1. Which of the
following must hold a statutory meeting?
Statutory companies
Private limited
companies
Public limited
companies
Chartered companies
2. Which of the
following is NOT included in aids to trade?
Insurance
Warehousing
Transportation
Foreign trade
3. The portion of
capital kept at the winding up of acompany for the
payment of debts is known as:
Reserve capital
Issued capital
Subscribed capital
Authorized capital
4. Which of the
following business type can avail some
concessions from the
government?
Sole proprietorship
Partnership
Joint Stock company
Cooperative society
5. While making
financial projections in a business plan,
which of these would
NOT form part of the
plan?
Source of loan
Audit
Net income or profit
Expected revenues
6. Which of the
following are included in a business plan? Financial
information, production plans, personal policies.
Goals of the business
and how they will be
achieved.
Market analysis
All of the given
options.
7. Which of the
following is not a reason for a business failure?
Managerial experience
or inexperience
Effective control
systems
Insufficient control
system
None of the given
options
8. In which of the
following two or more organizations collaborate on a
project for mutual gain?
Limited partnership
Public corporation
Strategic alliance
None of the given
options
9. The difference
between a country's merchandise exports and its merchandise
imports is the:
Current account
Capital account
Balance of trade
Balance of payments
10. One of the best
solutions to get rid of non-biodegradable wastes is:
Dumping
Recycling
11. The MBTI is a
personality test that has been used to select candidates
who will more likely engage in
organizational citizenship behaviors at work. However, critics of
this test suggest that the results can change
over time as a person's personality
develops. Therefore
the MBTI personality test may be:
Legal but not valid
Valid but not
reliable
Reliable but not
valid
Reliable but not
legal
12.__________ is a
written statement which contains the duties and
responsibilities of a job.
Job analysis
Job specification
Job description
Job inventory chart
13. According to
Maslow's hierarchy of needs, a person who buys a motion
detector/burglar alarm for her house is
motivated to do so in an attempt to fulfill
the following need:
Esteem
Security
Social
Self-actualization
14. Douglas McGregor
is associated with which of the following?
Scientific management
Motivational factors
Theory X and theory
Y
The Hawthorne studies
15. Which step in
Maslow's Hierarchy of Needs Theory deals with achieving
one's potential?
Safety
Self actualization
Physiological
Social
16. The term
"Job Rotation": Is another term for
employee empowerment?
Involves allocating a
wider range of similar tasks toindividuals
Involves giving
employees work with a greater
degree of
responsibility and autonomy
Means that staff is
moved periodically from task to
task in order to
increase variety and
interest.
17. Which of the
following statements is NOT true about
services?
They are experienced,
used or consumed
They are often sold
first, and then consumed
They are perishable
They are tangible
18. Which of the
following generic terms is not a
management
function?
Leading
Systemizing
Planning
Organizing
19. Increases in the
degree of responsibility a worker has over his or her job
is referred to as job:
Empowerment
Enlargement
Enrichment
Entitlement
20. ABC Company is
currently hiring employees from different countries.
ABC Company is said to be implementing
_______________ strategy.
Decentralization
Downsizing
Workforce diversity
Retrenchment
21. What is
potentially the biggest advantage of a small
partnership over a
sole proprietorship?
Unlimited liability
Single tax filing
Difficult ownership
resale
Raising capital
22. Which of the
following is the oldest form of business
organization?
Sole proprietorship
Partnership
Company
Cooperative society
23. Which of the
following is an advantage of a corporation that is not an
advantage as a limited partner in a
partnership?
Limited liability
Easy transfer of
ownership position
Double taxation
All of the given
options are advantages that the
corporation has over
limited partner
24. Examples of
constructive industries include:
Canals
Fishery
Sugar mills
Plant nurseries
25. Which of the following
statement shows the Trade Deficit process?
A process in which
country imports are higher than
the exports
A process in which
country exports are equal to the
exports
A process in which
country imports are less than
the country exports
All of the given
options
26. Mr. Saleem has
invested 20,000 Rs in a business but did
not take part in the
management of the
business. In which
category of partner he falls?
Secret partner
Silent partner
Sleeping partner
All of the given
options
27. Name of the
business should:
Be simple
Indicates the type of
business
Be familiar
All of the given
options
28. Hormel Foods
Corporation in the USA allows the Danish company
Tulip International to produce and market
SPAM for the UK market under its
own name. What kind
of market entry strategy is Hormel
using?
Licensing
Joint venturing
Contracting
Franchising
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