MGT211 Online Quiz No. 2

On-Line Quiz (No.02)
Introduction to Business (MGT211)
Quiz will cover video lecture no. 01 to 12
Quiz will be uploaded according to following schedule
Opening Date and Time
April 18, 2011 At 12:01 AM (Mid-Night)
Closing Date and Time
April 20, 2011 At 11:59 PM (Mid-Night)
24 hours extra time is not available

Question # 1 of 15 ( Start time: 10:32:39 PM ) Total Marks: 1
Which of the following should be considered when designing a business plan?
Select correct option:
Objectives of the business
Marketing components of the business
Financial components of the business
All of the above
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Question # 2 of 15 ( Start time: 10:34:01 PM ) Total Marks: 1
Working Women are those that work in
Select correct option:
Banks
Indutries
Govt
Offices
All of the Above
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Question # 3 of 15 ( Start time: 10:34:41 PM ) Total Marks: 1
Following are the advantages of cooperative society except:
Select correct option:
Increase in employment
Lack of profit incentive
Friendly relation
All of the above
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Question # 4 of 15 ( Start time: 10:36:03 PM ) Total Marks: 1
Which of the following is EXCLUDED from the advantages of sole proprietorship?
Select correct option:
Unlimited liability
Personal satisfaction
Entire profit
Independence
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Question # 5 of 15 ( Start time: 10:37:16 PM ) Total Marks: 1
Total quantity of goods and services produced by an economic system during a given period is called
Select correct option:
Standard of living
Aggregate output
Business cycle
All of the above
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Question # 6 of 15 ( Start time: 10:38:26 PM ) Total Marks: 1
Formation of -------------- is very lengthy, very complicated and very technical job.
Select correct option:
Partnership
Joint stock company
Sole proprietorship
None of the
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Question # 7 of 15 ( Start time: 10:39:44 PM ) Total Marks: 1
The activity directed towards producing wealth through buying and selling goods is termed as:
Select correct option:
Business
Social services
non-economic activities
None of the given options
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Question # 8 of 15 ( Start time: 10:40:42 PM ) Total Marks:
1 ----------is one who has invested the maximum amount in the business.
Select correct option:
Active Partner
Sleeping Partne
senior Partner
None of the Above
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Question # 9 of 15 ( Start time: 10:41:47 PM ) Total Marks: 1
A market survey is important because it tells you:
Select correct option:
How many & what types of people are shopping at a store.
Tells you what the customer will buy.
Tells you how much the customer will pay for the product.
All of the above.
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Question # 10 of 15 ( Start time: 10:42:17 PM ) Total Marks: 1
A sole trade business is started by:
Select correct option:
At least two persons
At least seven persons
Only one person
Not less than five persons
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Question # 11 of 15 ( Start time: 10:43:39 PM ) Total Marks: 1
The law elating to Joint Stock Companies has been laid in companies Ordinance:
Select correct option:
1984
1980
1932
none of the above
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Question # 12 of 15 ( Start time: 10:44:46 PM ) Total Marks: 1
For a private limited company, minimum number of members are ---------.
Select correct option:
2
5
7
10
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Question # 13 of 15 ( Start time: 10:45:43 PM ) Total Marks: 1
For a public limited company, minimum number of members are ----------.
Select correct option:
2
5
7
10
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Question # 14 of 15 ( Start time: 10:46:39 PM ) Total Marks: 1
Which of the following business form has the shortest life span?
Select correct option:
Sole proprietorship
Partnership
Company
Co-operative society
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Question # 15 of 15 ( Start time: 10:48:03 PM ) Total Marks: 1
Management is the back-bone of a__________:
Select correct option:
Business
Poultry
Production
None of the given options
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