MGT211 Midterm Past Papers by Junaid

Q1. Which of the following is not an example of non-profit making organization?

1. NGO’s
2. Trusts
3. Cooperative societies
4. Partnership

Q2. All of the following can be advantages of the franchise business: Expert:

1. Use of established Goodwill
2. Pre-sold customer base
3. Independency of business
4. Clear and well define process

Q3. The form of business organization that generally has the largest sales volume is the:

1. Franchise
2. Corporation
3. Partnership
4. Sole proprietorship

Q4. Occurrence of widespread price increase throughout an economic system:

1. Recession
2. Unemployment
3. Inflation
4. None of the given options

Q5. The limit imposed by one country on importing commodities from another country is known as:

1. Tariff
2. Quota
3. Subsides
4. All of the given options

Q6. Statutory meeting is held by which of the following companies?

1. Ever public company limited branches
2. Every public company limited by guarantee
3. Every private company converted into public company
4. All of the given options

Q7. Which of the following is an example of genetic industry?

1. Sugar mill
2. Poultry farms
3. Textile industries
4. None of the given options

Q8. Two or more organization combine together and form a new organization.

1. Joint venture
2. Merge
3. Strategic alliance
4. All of the given options

Q9. When international trade restricts due to safety. which one of the following barriers exists?

1. Political system
2. Tariff
3. Laws
4. Subsides

Q10. Sole proprietorship always enjoys:

1. Limited liability
2. 100% of profit after tax
3. 100% of profit before tax
4. 100% of profit after tax

Q11. In what type of business, there is easiest dissolution?

1. SOLE PROPRIETORSHIP
2. PARTERNERSHIP
3. JOINT STOCK COMPANY
4. None of the given options

Q12. Which of the first stage in the formation of joint stock Company?

1. Commencement stage
2. Incorporation stage
3. Promotion stage

Q13. Which of the following is a new trend in which two or more organizations combine together and form a new organization?

1. Joint venture
2. Strategic alliance
3. Merge
4. Acquisition

Q14. Business benefits the people by providing them

1. Large number of services
2. Less number of services
3. Environmental pollution
4. Substandard good

Q15. Which of the following is Not an attribute of sole proprietor ship business?

1. Easy startup
2. Profit sharing
3. Limited capital requirements
4. Unlimited liability

Q16. Certificate of Commencement is issued by the:

1. Promoters
2. Board of directors
3. CEO of the company
4. Registrar of the companies

Q17. Statutory report must be send to the shareholder before meeting that is certified by at least:

1. 2 directors including CEO
2. 3 directors including CEO