MGT211 Quiz 2 Set A

Q1. Why are conceptual skills more relevant for CEOs?

1. They plan strategies
2. They train employees
3. They manage software tools
4. They need to design workflows

Correct answer: They plan strategies

Q2. A Section 42 company in Pakistan is meant for:

1. Public listing
2. Banking
3. Charitable purposes
4. Manufacturing

Correct answer: Charitable purposes

Q3. A manager revises the annual budget due to rising costs. Which management function is being exercised?

1. Leading
2. Negotiating
3. Controlling
4. Organizing

Correct answer: Controlling

Q4. In a general partnership, all partners:

1. Have limited liability
2. Are exempt from tax
3. Are only employees
4. Share profits and liabilities equally

Correct answer: Share profits and liabilities equally

Q5. A business facing double taxation should be a:

1. Cooperative
2. Sole Proprietorship
3. Company
4. Limited Partnership

Correct answer: Company

Q6. Who developed the classification of technical, human, and conceptual managerial skills?

1. Douglas McGregor
2. Robert Katz
3. Taylor
4. Henry Fayol

Correct answer: Robert Katz

Q7. A company launching a new mobile app conducts market research and creates a campaign. Which function is at work?

1. Finance
2. HR
3. Sales
4. Marketing

Correct answer: Marketing

Q8. In a partnership, mutual agency means:

1. Government control
2. Any partner can legally bind the firm
3. Partners are liable only for their actions
4. Each partner is an employee

Correct answer: Any partner can legally bind the firm