MGT211 Midterm Mega File with Papers and Quizzes

MGT211- INTRODUCTION TO BUSINESS · Composed By Faheem Saqib · A Mega File for MiD Term Papers Quizzes · Spring 2010

1. Which of the following must hold a statutory meeting? Statutory companies Private limited companies Public limited companies Chartered companies 2. Which of the following is NOT included in aids to trade? Insurance Warehousing Transportation Foreign trade

3. The portion of capital kept at the winding up of a company for the payment of debts is known as: Reserve capital Issued capital Authorized capital

Q4. Which of the following business type can avail some concessions from the government?

Joint Stock company

5. While making financial projections in a business plan, which of these would NOT form part of the plan? Source of loan Audit Net income or profit Expected revenues

6. Which of the following are included in a business plan? Financial information, production plans, personal policies. Goals of the business and how they will be achieved. Market analysis

Q7. Which of the following is not a reason for a business failure?

Managerial experience or inexperience Effective control systems Insufficient control system

Q8. In which of the following two or more organizations collaborate on a project for mutual gain?

Limited partnership Public corporation Strategic alliance

9. The difference between a country's merchandise exports and its merchandise imports is the:

Current account Capital account Balance of trade Balance of payments

10. One of the best solutions to get rid of non-biodegradable wastes is: Dumping Recycling

11. 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 may be: Legal but not valid Valid but not reliable Reliable but not valid Reliable but not legal

12.__________ is a written statement which contains the duties and responsibilities of a job. Job analysis Job specification Job description Job inventory chart