MGT211 Midterm Solved Paper by Mr Jabbran

SOLVED MIDTERM EXAMINATION SOLVED MIDTERM EXAMINATION · SOLVED MIDTERM EXAMINATION · SOLVED MIDTERM EXAMINATION · MGT211- Introduction to Business (Session - 2)

Composed by: Mr.Jabbran (Super Admin)

Q1. Which of the following is excluded from factors that can affect the business? Demographic Factors (1 marks)

Economic and social factors Natural factors None of the above

Q2. The formation of ___________does not require any legal formality like registration. (1 marks)

Company Cooperative society Partnership Sole proprietorship

Q3. Which of the following is a disadvantage of partnership? (1 marks)

Distribution of work Sufficient capital Prime credit standing Profit sharing

Q4. In partnership deed, profit and loss is distributed among the partners: In equal percentage (1 marks)

As per percentage of capital invested As per agreed ratio in partnership deed

Q5. The powers of the Board of Directors to borrow from the bank are mentioned in: (1 marks)

Article of Association Memorandum of Association Special Resolution

Q6. Which of the following should be considered when designing a business plan? (1 marks)

Objectives of the business

Marketing components of the business Financial components of the business All of the given options

Q7. A firm that acquires another firm as part of its overall business strategy is engaging in (1 marks)

A strategic acquisition A financial acquisition A two-tier tender offer A shark repellent

Q8. The record of a country's imports and exports of goods and services is called its: (1 marks)

Visible trade balance. Balance of payments Balance of payments on current account. Balance of trade.

Q9. Please choose one which of the following is the treaty designed to remove barriers to the free flow of goods, services, and capital between nations? (1 marks)

GATT EU WTO NAFTA

Q10. Export subsidies are: (1 marks)

Maximum limits on the quantity of specific products imported to a nation. Taxes placed on imported products. Licensing requirements or unreasonable quality standards designed to reduce imports. Government payments to domestic producers to reduce the price on exported goods

Q11. If a very successful fast food restaurant has been ignoring customers' concerns about the small war toys and toy guns included in their Kids Meals, then managers should begin (1 marks)

focusing on improving the firm's: Ethics Profitability.

Game plan

Q12. _________________ is a dimension of social responsibility that includes hiring minority (1 marks)

workers, making safe products, minimizing pollution, using energy wisely, and providing a safe work environment

Corporate philanthropy Corporate policy Corporate governance Corporate responsibility

Q13. Human resource planning is a dynamic planning process which involves ongoing environmental scanning and an analysis of organizational objectives, strategies, and policies aimed at deciding: (1 marks)

What business the organization should be in

The right quantity and quality of employees needed when and where What physical resources the organization needs Who the organization’s main competitors are

Q14. 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, critic of this test suggest that the results can change over time as a person's personality develops. (1 marks)

Therefore the MBTI personality test may be: