MGT211 Midterm Combined by Asfand Yarr

Q1. of 10 ( Start time: 01:46:29 PM ) Total Marks: 1 Following are the advantages of cooperative society except:

Increase in employment Lack of profit incentive Friendly relation

Q2. of 10 ( Start time: 01:47:34 PM ) Total Marks: 1

In Franchising, who sells the rights to other party

Franchisee Franchiser Manager

Q3. of 10 ( Start time: 01:47:58 PM ) Total Marks: 1

Trade or exchange of goods and services between two or more independent countries for their mutual advantages is called

Wholesale Trade Retail Trade Foreign Trade

Q4. of 10 ( Start time: 01:48:32 PM ) Total Marks: 1

In ------------ a central body will allocated the resources and then decide how these resources will be distributed.

Free Economy Mixed Economy Planned Economy

Q5. of 10 ( Start time: 01:49:51 PM ) Total Marks: 1

First directors are usually named in the __________ Articles of Association

Q6. of 10 ( Start time: 01:51:10 PM ) Total Marks: 1

Goods produced domestically and sold in some other country.

Import Export Tariff Quota

Q7. of 10 ( Start time: 01:51:33 PM ) Total Marks: 1

For a public limited company, minimum number of members are --------.

Q8. of 10 ( Start time: 01:52:03 PM ) Total Marks: 1

People in business and government face important ethical issues and decisions.

Only in the United States Primarily in capitalist countries Primarily in communist countries In many different countries around the world

Q9. of 10 ( Start time: 01:53:20 PM ) Total Marks: 1

Annual General Meeting is the meeting of the company that held

Each quarter after 6 months once in a year

Introduction to business_MGT211_MCQs

Q1. Which of the following business type has longest life time?

1. Sole proprietorship
2. Partnership

3. Joint stock company

4. All of the given options
5. Election of the Board of Directors is done by Shareholders.
6. Through special resolution

2. In annual general meeting

3. In Special meeting
4. In statuary meeting

Q3. Which of the following business type, has to pay double taxes to the government?

1. Sole proprietorship
2. Partnership

3. Joint stock company

4. Cooperative Societies
5. ___________ includes the rules and regulations, necessary to manage the internal affairs of the company.
6. Memorandum of Association

2. Article of Association

3. Prospectus
4. All of the given option
5. General information like Appointment, election and powers of directors, voting rights and transfer of shares mention in ____________.
6. Charter of Company
7. Article of Association

3. Prospectus

4. None of the given option

Q6. To call the extraordinary meeting, how many days’ notice is required?

1. 21 days

2. 15 days
3. 07 days
4. 30 days