MGT211 Midterm Quiz 2025 by LGWT

MGT211 Quiz Fall 2025 · Mid Term By LGWT · Paid Services Avaiable: · Assignments · Quiz · GDB · Cisco Assignments(CS201, CS206, CS610) · Mid & Final Exam Preparation · CLICK ME FOR PAID SERVICES · You Can Discuss Your Problems in these groups:

If Any Link Have Been Not Working then you can direct contact me on

%20Send%20me%20Group%20Link

Q1. Why did ancient societies invent writing systems like cuneiform?

1. To record business transactions
2. For poetry
3. To teach language
4. To preserve religious texts

Correct answer: To record business transactions

Q2. What is the role of “aids to trade” in commerce?

1. Controlling markets
2. Replacing labor
3. Providing money
4. Supporting the movement and sale of goods

Correct answer: Supporting the movement and sale of goods

Q3. Lifestyle entrepreneurs:

1. Align business with personal passion
2. Prefer franchises
3. Avoid innovation
4. Focus on tech startups

Correct answer: Align business with personal passion

Q4. The Hadith “Whoever hoards is a sinner” teaches:

1. Market ethics
2. Strategic pricing
3. Efficiency
4. Leadership

Correct answer: Market ethics

Q5. The business cycle refers to:

1. Economic ups and downs over time
2. Employee behavior
3. The stages of product life
4. Stock market patterns

Correct answer: Economic ups and downs over time

Q6. A serial entrepreneur starting a third venture applies past lessons. This is an example of:

1. Risk aversion
2. Innovation
3. Diversification
4. Experience-based application

Correct answer: Experience-based application

Q7. Which sector benefits most directly from SME subcontracting in Pakistan?

1. IT
2. Construction
3. Large-scale industry
4. Agriculture

Correct answer: Large-scale industry

Q8. How should a business respond to weak marketing?

1. Focus only on product development
2. Improve branding and outreach
3. Cut costs on promotion
4. Increase product prices only

Correct answer: Improve branding and outreach

Q9. A business operating in a socialist economy would most likely:

1. Face no government oversight
2. Be entirely profit-oriented
3. Share ownership with the state
4. Export freely without taxes

Correct answer: Share ownership with the state

Q10. What challenge is most common for entrepreneurs in Pakistan?

1. Unlimited funding
2. Difficulty in accessing finance
3. Global overexposure
4. Excessive innovation

Correct answer: Difficulty in accessing finance