MGT211 Final Term Past Paper 1 Set 2

FINALTERM EXAMINATION

SPRING 2007 MGT211 - INTRODUCTION TO BUSINESS (Session - 4 Marks: 60 Time: 120min

Student Name:

Center Name/Code:

Exam Date: Monday, July 16, 2007

•  All questions are compulsory.
•  This exam consists of 15 Multiple Choice Questions (MCQs) carrying 1 mark each; 5 True/ False statements carrying 1 mark each; 5 Fill in the Blanks carrying 1 mark each; 3 Short Questions carrying 5 marks each; and 2 descriptive questions – each carrying 10 marks.
•  For each MCQ, read the available choices carefully and select the most appropriate choice which you consider is the correct answer, by clicking on the appropriate check box.
•  To answer fill in the blank questions, write the word which you think is the most suitable by comprehending the whole phrase.
•  For a true/ false statement, recognize the concept and answer accordingly.
•  Remember not to spend too much time on any one objective type question since all objective type questions carry equal marks; it is important to manage your time according to the marks allocated to each question.
•  Save your answer before proceeding to the next question.
•  Do not click the “Finish” button while solving your paper. Once you clicked the “Finish” button, you will not be able to access your paper again. Click it at the end of your paper. That means you have submitted your complete paper.
•  A clock is given in the exam software. Software will automatically close at the end of given time.
•  Use of mobile phone is strictly prohibited. Switch off your mobile phone during the exam.
•  Failure to comply with the Supervisor’s directions will result in your test being cancelled. Please comply with supervisor’s directions to avoid any unpleasant event.

Question

Question Marks Question Marks

Q1. When the amount of government spending exceeds the amount of revenues, the result is called: (1 marks)

Trade deficit

Budget deficit

Balance of payment

Opportunity cost

Q2. What characteristic motivate a person to start his own business? (1 marks)

Earning large incomes

Being his own boss

Challenge

All of the given options

Q3. Firms can ensure responsibility to customers by: (1 marks)

Safe manufacturing techniques

Proper disposal of waste

Seeking feedback about product

Full financial disclosure

Q4. The position of “chief financial officer” is considered to be a: (1 marks)

Supervisory position Top management position

First-line management position

Bottom-line position

Q5. The reinforcement theory that motivates employees by encouraging them to behave in a manner that avoids unfavorable consequences is __________ reinforcement. (1 marks)

Positive

Neutral

Equity

Negative

Q6. A Rolex watch and Mercedes car are considered: (1 marks)

Convenience products

Shopping goods

Specialty products

Industrial products

Q7. One way to accelerate the distribution process is to make sure that it is integrated with _______ process. (1 marks)

Marketing

Financing

Advertising

Production