MGT211 Midterm Past Paper 2

MGT211 Mid Term

Which of the following is a disadvantage of partnership?

Distribution of work Sufficient capital Prime credit standing

Profit sharing

In partnership deed, profit and loss is distributed among the partners:

In equal percentage As per percentage of capital invested

As per agreed ratio in partnership deed

The powers of the Board of Directors to borrow from the bank are mentioned in:

Article of Association

Memorandum of Association Special Resolution

Which of the following should be considered when designing a business plan?

Objectives of the business Marketing components of the business Financial components of the business

All of the given options

MGT211 Mid Term

A firm that acquires another firm as part of its overall business strategy is engaging in _________.

A strategic acquisition

A financial acquisition A two-tier tender offer A shark repellent

The record of a country's imports and exports of goods and services is called its:

Visible trade balance.

Balance of payments

Balance of payments on current account. Balance of trade.

Which of the following is the treaty designed to remove barriers to the free flow of goods, services, and capital between nations?

GATT EU

WTO

NAFTA

Export subsidies are:

Maximum limits on the quantity of specific products imported to a nation. Taxes placed on imported products. Licensing requirements or unreasonable quality standards designed to reduce imports. MGT211 Mid Term

Government payments to domestic producers to reduce the price on exported goods. If a very successful fast food restaurant has been ignoring customers' concerns about the small war toys and toy guns included in their Kids Meals, then managers should begin focusing on improving the firm's:

Ethics

Profitability.

Game plan _________________ is a dimension of social responsibility that includes hiring minority workers, making safe products, minimizing pollution, using energy wisely, and providing a safe work environment Corporate philanthropy Corporate policy Corporate governance

Corporate responsibility

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