MGT211 Midterm Past Paper Fall 2010

MGT211INTRODUCTION TO BUSINESS-OPKST MIDTERM PAPER FALL2010-

Q1. Which of the following must hold a statutory meeting?

Statutory companies Private limited companies Public limited companies Chartered companies

Q2. 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

Q5. 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

Q6. 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 None of the given options

8. In which of the following two or more organizations collaborate on a project for mutual gain? Limited partnership Public corporation Strategic alliance None of the given options
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
13. According to Maslow's hierarchy of needs, a person who buys a motion detector/burglar alarm for her house is motivated to do so in an attempt to fulfill the following need: Esteem Security