MGT211 Midterm Past Papers Updated 29 June 2022 by Attiq Kundi

MGT211 · Mid-Term · Quiz by Attiq Kundi · 100 % CORRECT MCSQ · AND Many MoRe · MGT 211 · Also Added Today Quiz · 29-june-2022

The situation when a country imports less than it exports is: A trade surplus Wages are paid for :

Short term period

Which of the following is false?

One reason for failure of small businesses is that most entrepreneurs are younger than 25 years old

Which of the following is NOT a secondary industry?

Genetic industry

All of the following statements are true regarding partnerships except ________.

The death of a partner dissolves the partnership and all assets must be liquidated

Reference: Marketing should begin with ________.

Potential customer needs The production process Identifying customer needs All of the given options

New and revised products may be tested through:

Marketing research

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

Joint venture

When a manager focuses on making whatever products are easy to produce, and then trying to sell them, that manager has a _________orientation.

Production

The law elating to Joint Stock Companies has been laid in companies Ordinance:

1984

______ refers to the standards of moral behavior.

Ethics

___ is the process of locating, identifying, and attracting capable applicants.

Recruitment

Which of the following is EXCLUDED from the advantages of sole proprietorship?

Unlimited liability

______ is the combination of a product's qualities and features, its price, the way it is promoted and sold, and the places at which it is sold.

Marketing mix

______ is the typical sequence of changes in demand for a product that occurs over time.

The product life cycle

Key controllable factors in global marketing are: Marketing activities and plans

Which of the following is the disadvantage of modified schedules and alternative workplace?

Complicated coordination

Among different managerial styles, which of the following allows most rapid decision making?

Autocratic styles

____________ is the process of motivating others to work to meet specific objectives. Leadership

Which of the following represents the set of procedures involving both managers and subordinates in setting goals and evaluating progress?

Management by Objectives (MBO)

The internal environment consists of the insides forces that influence marketing strategy and decision making is/are as follows: Organization Policies Product Policies Management Structure

A specific communication task to be accomplished with a specific target audience during a specific period of time is called as:

Advertising objective

Dividing a market into distance groups of buyers who have distinct needs, characteristics, or behavior and who might require separate products or marketing mixes. Market segmentation