MGT610 Midterm Quizzes

Q1. of 20 ( Start time: 08:47:35 PM ) Total Marks: 1

Which type of resource depletion is marked by increasing rates of usage and sudden, complete depletion within a short period of time?

Depletion of fossil fuels Exponential depletion Peaked depletion Species depletion Ref: Until the early 1980s, fossil fuels were being depleted at an exponentially rising rate. That is, the rate at which they were being used had doubled with the passage of a regular fixed time period.

Q2. of 20 (Start time: 08:49:21 PM) Total Marks: 1

Which of the following is unethical business practice?

Price Fixing Tying Arrangements Manipulation of Supply

Q3. of 20 ( Start time: 08:51:10 PM ) Total Marks: 1

“The desire for a good or a service” best represents:

Need Want Desire

Q4. of 20 ( Start time: 08:52:51 PM ) Total Marks: 1

"Big is better" belongs to which school of thought?

Chicago school of thought Anti trust school of thought regulation school of thought

Q5. of 20 ( Start time: 08:53:35 PM ) Total Marks: 1

How many views do exist in society in the face of the high degree of market concentration in oligopolistic industries?

Two Three Four

Q6. of 20 ( Start time: 08:55:02 PM ) Total Marks: 1

Which one of the following is a type of moral standards?

Rights Justice

Q7. of 20 ( Start time: 08:56:27 PM ) Total Marks: 1

Which of the following does NOT describe “virtue”?

The traits that everyone needs for a good life An excellence that is admired in a person A disposition to act in multidimensional way A specific state of character Ref: Virtue is variously described as an excellence that is admired in a person, as a disposition to act in a certain way, and as a specific state of character

Q8. of 20 ( Start time: 08:57:52 PM ) Total Marks: 1

“Each should leave enough and as good for others” Principle is known as?

Rawal’s principle Lockean principle Smith principle

Ref: Lockean principle that “each should leave enough and as good for others.”

Q9. of 20 ( Start time: 08:59:10 PM ) Total Marks: 1

Which one of the following retailer has the greatest number of employees?

TESCO Carrefour Wal-Mart Metro Ref: The world's largest retailer, had sales of $258.7 billion and 1,400,000 employees

Q10. of 20 ( Start time: 09:00:52 PM ) Total Marks: 1

The medicine which can be purchased without prescription is known as?

Over the shelf medicine Below the shelf medicine Both a & b

Q11. of 20 ( Start time: 09:02:11 PM ) Total Marks: 1

Each year 34 million people are injured or killed as a result of?

Product related accidents Dut to Diseases Natural climate Due to earthquakes