MGT211 Final Term Objective

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Virtual University of Pakistan

MGT211­ Introduction To Business · A Mega File of Final term Exams & Quizes · FINALTERM EXAMINATION · Spring 2010 · MGT211­ Introduction To Business (Session ­ 3) · Time: 90 min Marks: 69

Q1. ( Marks: 1 )

Which of the following is/are the component/s of business?

Industry

Commerce

1. Both industry and commerce
2. Trade and aids to trade

Q2. ( Marks: 1 )

The notice calling the annual general meeting must be given to all its members at least _______________ days before the date of the meeting.

1. 21 days
2. 30 days
3. 45 days
4. 51 days

Q3. ( Marks: 1 )

The portion of capital kept at the winding up of a company for the payment of debts is known as:

1. Reserve capital
2. Issued capital
3. Authorized capital

Ans3)

Q4. ( Marks: 1 )

Which of the following statements is false?

1. Franchising is very common.
2. A franchise enables one to use a larger company's trade name.
3. A franchisee never has to pay the franchiser a percentage of sales revenues.
4. A franchise may constrain the franchisee's independence.

Q5. ( Marks: 1 )

Business success can be attributed to:

1. Luck.
2. Hard work, drive and dedication.
3. A high demand for the good or service produced.
4. All of the given options

Q6. ( Marks: 1 )

A concept that implies that the firm should consider issues such as protecting the consumer, paying fair wages, maintaining fair hiring practices, supporting education, and considering environmental issues is:

1. Financial management
2. Profit maximization
3. Social responsibility
4. Agency theory

Q7. ( Marks: 1 )

The MBTI is a personality test that has been used to select candidates who will