MGT211 Final Term Past Papers Part 2

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FINALTERM EXAMINATION

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

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