MGT211 Final Term Past Paper 3 Set 2

FINALTERM EXAMINATION · Spring 2010 · MGT211- Introduction To Business (Session - 3) · Time: 90 min Marks: 69

Q1. Which of the following is/are the component/s of business? (1 marks)

1. Industry
2. Commerce
3. Both industry and commerce
4. Trade and aids to trade

Ans1) trade and aid to trade

Q2. The notice calling the annual general meeting must be given to all its members at least _______________ days before the date of the meeting. (1 marks)

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

Ans 2) 21 days

Q3. The portion of capital kept at the winding up of a company for the payment of debts is known as: (1 marks)

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

Ans3)

Q4. Which of the following statements is false? (1 marks)

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. Business success can be attributed to: (1 marks)

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. 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 marks)

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

Q7. 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 (1 marks)

1. Legal but not valid
2. Valid but not reliable
3. Reliable but not valid
4. Reliable but not legal

Q8. __________ is the process used by organizations to attract a qualified pool of job applicants. (1 marks)

1. Socialization
2. Human resource planning
3. Recruitment
4. Affirmation action

Q9. Profit sharing, gain sharing and pay-for-knowledge plans are examples of: (1 marks)

1. Individual incentives
2. Company-wide incentives
3. Cafeteria benefit plans
4. Merit salary systems

Q10. Which of the following statements is NOT true about services? (1 marks)

1. They are experienced, used or consumed.
2. They are often sold first, then consumed.
3. They are perishable.
4. They are tangible.

Q11. Possession utility is provided when: (1 marks)

1. A good or service is obtained and there is a right to use or consume it.
2. A product is available where someone wants it.
3. Someone performs a task for someone else
4. Someone produces something tangible

Q12. ___________ includes all of the activities managers engage in to forecast their current and future human resource needs. (1 marks)

1. RRecruitment and selection
2. Job analysis and job design
3. Selection and job design
4. Human resource planning

Q13. Specifications of a product relate to the: (1 marks)

1. Physical characteristics and level of quality
2. Types of service that are provided along with the product
3. Financing available with the product
4. Types of competitors offering a similar product

Q14. Communicating information between sellers and potential buyers or others in the channel to influence attitudes and behavior is called _________________. (1 marks)

1. Advertising
2. Promotion
3. Publicity
4. Marketing

Q15. A product can be: (1 marks)

1. Tangible
2. Intangible
3. Something that is offered for sale
4. All of the given options

Q16. Consumer goods are classified as convenience, shopping, and: (1 marks)

1. Durable.