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MGT211 Introduction To Business Quizz No 1 Semester Fall 2012
November 12, 2012 at 6:32pm in MGT211 - Introduction To Business
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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, Auditors 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
21- The first stage Evolution business is?
Industry revolution
Globalization
Entrepreneurship
Marketing era
Industry revolution
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