Introduction to Business Top 500 + MCQS Download Pdf Page No 2

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51 The consumer rules! Find a need and fill it was the prevailing attitude during what historical era of marketing?

  1. Production    
  2. Sales              
  3. Marketing     
  4. Relationship

52 The marketing concept is:

1.      Company wide consumer                        orientation with the objective of achieving the maximum amount of profits.

  1. Long-run success page.      
  2. Largest market share.
  3. Highest paid staff.

53                     involves              long-term,         value-added  relationship developed over time with customers and suppliers:

  1. Relationship Marketing    
  2. Marketing Era Marketing
  3. Consumer Marketing         
  4. Exchange Marketing

54 An activity in which two or more parties give something of value to each other to satisfy perceived needs is called:

  1. Sales process                   
  2. Exchange process
  3. Relationship process      
  4. Production process

55 An enterprise that provides products or services that customers desire is a / an:

  1. Institution
  2. market        
  3. agency        
  4. business

56 The different types of stakeholders involved in a business include all of the following except:

  1. Owners                       
  2. creditors                     
  3. couriers                      
  4. employees

57 A certificate of ownership of a business is a:

  1. Bond   
  2. stock   
  3. mutual fund
  4. contract

58 The following are possible forms of business ownership except:

  1. Proprietorship        
  2. partnership              
  3. bureaucracy            
  4. corporation

59 Partners have unlimited liability in a:

  1. general partnership                            
  2. corporation             
  3. limited partnership
  4. cooperative

60 An arrangement whereby business owners allow others to use their trademark, trade name, or copyright under specified conditions is

  1. Franchise                                
  2. joint venture                           
  3. distribution                             
  4. cartel

61 A firm’s…….. is measured by its stock price, which can be negatively affected by unethical business practices:

  1. bond rating     
  2. risk                  
  3. value               
  4. return on investment

62……conditions reflect the overall performance of the nation’s economy.

1.      Microeconomic                                  

2.      multi economic

3.macroeconomic                                  

4.all of the given options

63 The primary purpose of an industry business environmental assessment is to determine the:

  1. economic growth 
  2. degree of competition
  3. inflation rate          
  4. population growth

64 The function of business responsible for the efficient use of employees and other resources (such as machinery) is:

  1. Finance                            
  2. marketing                         
  3. production                       
  4. management

65 If firms wish to avoid hiring during a temporary increase in production, they can offer           to existing employees.

  1. Overtime                      
  2. training
  3. affirmative action      
  4. orientation program

66 Group of individuals working together to achieve shared job-related goals, such as higher pay, shorter working hours, more job security, greater benefits, or better working conditions is a:

  1. Labor Union   
  2. Informal organization                                    
  3. Team                 
  4. Trade union

67 Since they are closer to the production process, first line managers use their     skills more frequently.

  1. Conceptual                                   
  2. interpersonal                                
  3. managerial
  4. technical

 68 All of the following are key factors that influence consumer preferences and the size of target market except:

  1. social values                                 
  2. anthropology                                
  3. geography   
  4. demographics

69 Cameras, clothes, and household items are examples of products that exist in:

  1. industrial markets         
  2. business markets
  3. consumer markets          
  4. government markets

70 To develop new ideas for expanding their product lines, many firms have recently increased their investment in:

  1. research and development    
  2. production facilities
  3. distribution facilities                
  4. inventory control

71 Which of the following is excluded from factors that can affect the business?

  1. Demographic Factors                               
  2. Economic factors   
  3. Act of God             
  4. None of the above

72 The function of business in which business man tries to find new techniques of production is

  1. Accounting 
  2. Management Function                                 
  3. Innovation  
  4. Quality improvement

73 If Trade Receipts are greater than Trade Payments then Balance of Payments is

  1. Favorable    
  2. Unfavorable
  3. Deficit          
  4. None of the above

74 Which of the following is excluded from the advantages of Sole Proprietorship?

  1. Direct relationship with customers  
  2. Unlimited Liability
  3. Easy transfer of Ownership
  4. Entire Profit

75 Which of the following is an advantage of sole proprietorship?

  1. Longest life   
  2. Availability of sufficient Capital
  3. Direct contact with customer and workers  
  4. Separate Legal Entity

 76 Which of the following is not among the benefits of Partnership Firm?

  1. Satisfaction of Partners                                  
  2. Lack of Secrecy
  3. Moral Promotion                
  4. Minority Protection

 77 In partnership deed the profit & loss is distributed among the partners by the following ratio.

50:50

As per percentage of Capital invested

As per agreed ratio in Partnership deed

25:75

78 The company may raise its capital through which of the following sources:

  1. By Issuing Shares   
  2. By Issuing Debentures
  3. By Savings               
  4. All of the given options

79 Advantages of cooperative societies does not include

  1. Equal distribution of wealth 
  2. Interference of Government
  3. No Monopoly                         
  4. Open Membership

80 WTO was organized on               

  1. July 15, 1998 
  2. January 01, 1990                                          
  3. August 25, 1995                                           
  4. January 01, 1995

81 A major disadvantage of corporate organization is

  1. Double Taxation of dividend        
  2. Inability of the firm to large sum of additional capital
  3. Limited liability of shareholder
  4. Limited life of Corporate firm

82 It is difficult to transfer to right of ownership is

  1. Sole proprietorship                         
  2. Partnership       
  3. All of given options                        
  4. None of given options

83 Wages are paid for

  1. Long term                       
  2. Short term                     
  3. All of given options      
  4. None of given options

84 Pakistan is exporting

  1. Sports Item
  2. Agriculture Product                       
  3. Textile Product                               
  4. All of given options

85 Managers have……… type of skills

  1. 2                   
  2. 3                   
  3. 4                   
  4. 5

86 The process of attracting the people for job

  1. Recruitment                                 
  2. special skills                                 
  3. Supervision
  4. Job Specification

87 What is the method of on job training?

  1. Lectures  
  2. Vestibule 
  3. Videos     
  4. None of given options

88 The liability of a sole trader is _    ………

  1. limited Only to his investment in the business
  2. Limited to the total resources of the business                                
  3. Unlimited                                                      
  4. Not defined

89 Genetic industry means

  1. Canal  
  2. Sugar mill                                     
  3. Poultry                                         
  4. Agriculture

90 The first stage Evolution business is?

  1. Industry revolution                              
  2. Globalization        
  3. Entrepreneurship  
  4. Marketing era

91 When entrepreneurs establish a business, they must first decide on the form of:

  1. Partnership 
  2. Ownership  
  3. Expansion  
  4. Organization

92 Generally, in a limited partnership:

  1. All partners have limited liability.           
  2. The partners exist for a limited time period.
  3. The limited partners do not participate in management of the company.
  4. Not more than 75 partners may invest in the company at one time.

93 The “leading” function of management should be conducted in a manner that is consistent with firm’s:

  1. Competition                             
  2. Strategic plan                           
  3. Industry demand                     
  4. Labor union

94 The skills managers use to understand the relationships among the various tasks of the firm are:

  1. Interpersonal skills                          
  2. Technical skills                                
  3. Decision making skills                   
  4. Conceptual skills

95 The four functions of management:

  1. Must be enacted in the proper sequence
  2. Must be integrated
  3. Are stand alone, independent functions
  4. Can not be performed by one individual

96 Social interaction and acceptance by others are examples of:

  1. Physiological needs                             
  2. Safety needs        
  3. Affiliation needs 
  4. Esteem needs

97 When firms delegate more authority to their employees, this strategy is referred to as:

  1. Empowerment
  2. Merit system 
  3. Hygiene theory                              
  4. Equity system

98 The process used to determine the tasks and the necessary credentials for a particular position is referred to as:

  1. Job analysis              
  2. Job screening            
  3. Job evaluation          
  4. Human resource planning

99 A                      is an assignment to a higher level job with more responsibility and greater pay.

  1. Transfer
  2. Lateral assignment                         
  3. Appraisal                                         
  4. Promotion

100 Products purchased by companies to produce other products are:

  1. Consumer Goods                                     
  2. Industrial Goods                                      
  3. Services              

Inventory

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