MGT211 MCQs Complete

Q1. Which of the following must hold a statutory meeting?

Statutory companies Private limited companies

Public limited companies

Chartered companies

Q2. Which of the following is NOT included in aids to trade?

Insurance

Warehousing Transportation Foreign trade

3. The portion of capital kept at the winding up of a company for the payment of debts is known as:

Reserve capital

Issued capital

Authorized capital

Q4. Which of the following business type can avail some concessions from the government?

Joint Stock company

Q5. While making financial projections in a business plan, which of these would NOT form part of the plan?

Source of loan

Audit

Net income or profit Expected revenues

Q6. Which of the following are included in a business plan?

Financial information, production plans, personal policies. Goals of the business and how they will be achieved. Market analysis

Q7. Which of the following is not a reason for a business failure?

Managerial experience or inexperience Effective control systems Insufficient control system

Q8. In which of the following two or more organizations collaborate on a project for mutual gain?

Public corporation

9. The difference between a country's merchandise exports and its merchandise imports is the: Current account Capital account

10. One of the best solutions to get rid of non-biodegradable wastes is:

Dumping

Recycling

11. The MBTI is a personality test that has been used to select candidates who will more likely engage in
12. ________ is a written statement which contains the duties and responsibilities of a job. Job analysis Job specification Job description Job inventory chart
13. According to Maslow's hierarchy of needs, a person who buys a motion detector/burglar alarm for her house

Esteem

Security

Social

Q14. Douglas McGregor is associated with which of the following?

Scientific management Motivational factors

Theory X and theory Y

The Hawthorne studies

Q15. Which step in Maslow's Hierarchy of Needs Theory deals with achieving one's potential?

Safety

Physiological Social

16. Which of the following generic terms is not a

management function?

Leading

Systemizing

Planning Organizing

Q17. What is potentially the biggest advantage of a small partnership over a sole proprietorship?

Q18. Which of the following is the oldest form of business organization?

Company

Q19. Which of the following is an advantage of a corporation that is not an advantage as a limited partner in a partnership?

Limited liability

Easy transfer of ownership position

Double taxation All of the given options are advantages that the corporation has over limited partner

20. Examples of constructive industries include:

Canals

Fishery Sugar mills Plant nurseries

Q21. Which of the following statement shows the Trade Deficit process?

A process in which country imports are higher than the exports

A process in which country exports are equal to the exports A process in which country imports are less than the country exports

Q22. Mr. Saleem has invested 20,000 Rs in a business but did not take part in the management of the business. In which category of partner he falls?

Secret partner Silent partner Sleeping partner

23. Name of the business should:

Be simple