MGT211 Introduction To Business Quizz No 1 Semester Fall 2012


November 12, 2012 at 6:32pm in MGT211 - Introduction To Business


1- Which of the following is the oldest form of business organization?
• Sole proprietorship
• Partnership
• Company
• Cooperative society
2-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

3-Name of the business should:
• Be simple
• Indicates the type of business
• Be familiar
• All of the given options
4-Which of the following is excluded from factors that can affect the business?
• Demographic Factors
• Economic and social factors
• Natural factors
• None of the above
5-The formation of ___________does not require any legal formality like registration.
• Company
• Cooperative society
• Partnership
• Sole proprietorship
6-The powers of the Board of Directors to borrow from the bank are mentioned in:
• Article of Association
• Memorandum of Association
• Special Resolution
• None of the given options
7-In partnership deed, profit and loss is distributed among the partners:
• In equal percentage
• As per percentage of capital invested
• As per agreed ratio in partnership deed
• None of the given options
8-Which of the following would generally have Unlimited liability?
• A limited partner in a partnership
• A shareholder in a corporation
• The owner of a sole proprietorship
• A member in a limited liability company (LLC)
9-Brief history, Auditor’s report, shareholders’ equity and Liabilities, share capital, etc are mention in which of the Document?
• Charter of Company
• Article of Association
• Prospectus
• None of the given option
10- Capital is required for the purchase of land, machines, wages and raw materials. A businessman can generate its
capital from:
• Debt
• Equity
• None of the above
• All of the given option
11-It is difficult to transfer the rights of ownership in:
Select correct option:
• Sole proprietorship
• Partnership
• All the given options
• None of the given options
12-Statutory meeting must be held not later than _____________from the date on which a
public company is entitled to commence business
Select correct option:
• 3 months
• 6 months
• 1 year
• One month
14-An item consumed in one or a few uses is called a:
Select correct option:
• Consumer good
• Commodity
• Durable good
• Non durable good
15-Skyscrapers, pop-ups, and banners are all types of __________ advertising.
Select correct option:
• Television
• Radio
• Outdoor
• Internet
16-Which of the following business type has longest life time?
• Sole proprietorship
• Partnership
• Joint stock company
• All of the given options
17- ___________ includes the rules and regulations, necessary to manage the
internal affairs of the company.
• Memorandum of Association
• Article of Association
• Prospectus
• All of the given option
18- Normally some part of Capital is kept for the payment of debts at the time of
winding up, is called as:
• Reserve capital
• Un-Issued Capital
• Un-Called up Capital
• All of the given option
19- Managers have ________ type of skills
• 2
• 3
• 4
• 5
19-The liability of a sole trader is _________
• limited Only to his investment in the business
• Limited to the total resources of the business
• Unlimited
• Not defined
20- Genetic industry means
• Canal
• Sugar mill
• Poultry
• Agriculture

Sponsored Links

21- The first stage Evolution business is?
• Industry revolution
• Globalization
• Entrepreneurship

Marketing era
Industry revolution