MGT211 Midterm Past Papers Spring by Attiq Kundi

Mid · Quiz by Attiq Kundi · 100 % CORRECT MCSQ AND Many MoRe

MGT-211 Quiz file Spring 2021

Which of the following is NOT an aspect to purchase a franchise business?

1. Attractive Location
2. High profitability
3. Independency
4. Well known customer base

Correct answer: Attractive Location

Q2. Which of the following is not an example of non-profit making organization?

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

Correct answer: Partnership

Q3. Statutory meeting is held by which of the following companies?

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

Correct answer: All of the given options

Q4. 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

Correct answer: Poultry Farms

Q5. Sole proprietorship always enjoys:

1. Limited liability
2. 100% of profit after tax
3. 100% of profit before tax
4. All of the given options

Correct answer: 100% of profit after tax

Q6. A statuary report must be sent to every member of the company at least ___ days before the meeting is to be held.

1. 21 days
2. 30 days
3. 45 days
4. 51 days

Correct answer: 21 days

Q7. The members of a cooperative society have ___ liability.

1. Joint
2. Limited
3. Unlimited
4. Joint and Several

Correct answer: Limited

Q8. A major advantage of the cooperate form of organization is:

1. Reduction of double taxation
2. Limited owner liability
3. Legal restrictions
4. Ease of organization

Correct answer: Limited owner liability

Q9. Which of the following is not the part of Partnership Deed?

1. Name of the business
2. Capital of the business
3. Salaries of the partners
4. Rights of the partners

Correct answer: Salaries of the partners

Q10. When international trade restricts due to safety, which one of the following barriers exists?

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

Correct answer: Laws

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

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

Correct answer: SOLE PROPRIETORSHIP