In what type of business, there is easiest dissolution?
Sole proprietorship
Which is the first stage in the formation of Joint Stock Company?
Promotion stage
Which of the following is NOT an attribute of sole proprietor ship business?
Profit sharing
Certificate of Commencement is issued by the;
Registrar of companies
Profit distributed among shareholders is called________
Dividend
__________ generally has unlimited liability.
The owner of a sole proprietorship
______________ describe the government payments given to certain industries to help offset some of their costs of production?
Subsides
The term tariff, as used in international trade, refers to;
A tax on imports
To think about benefiting the society and avoid harmful activities for the society is called_____________
Corporate social responsibility
When a person provides his services to society on the basis of his specialized knowledge and experience is termed as
Profession
______________ are the government taxes on imports that rise the price of foreign goods and make them less competitive with domestic goods
Tariff
The activity directed towards producing wealth through buying and selling goods is termed as?
Business
Economist and policy makers are interested in Demographic attributes to determine the ________
Demand patterns
First directors are usually named in the ___________
Memorandum of association
Environmental forces that are controllable are called?
Internal forces
The relationships between who have agreed to share the profits of a business carried on by all or any one of them for all is called;
Partnership
In which economy, the government decides that how many resources have to be generated and how the resources should be allocated?
Planned economy
____________ is the simplest form of business organization, which is owned and controlled by one man
SOLE PROPRIETORWSHIP
Which document contains the objectives of the business and the ways to achieve those objectives?
Business plan
The world ‘limited’ at the end of the company name means;
Shareholders has limited company
The registration of a joint stock company is;
Compulsory
All of the following barriers exist due to economic differences in international trade EXCEPT;
Preferences for particular product
Which of the following is NOT the characteristics of a business?
Voluntarily contribution
The difference in value between a country’s exports and imports is called
Balance of trade
All of the following are the controllable factors for success in business EXCEPT;
State laws
Auditors are generally appointed and their remuneration fixed at the _________
Annual general meeting
The two major sources of raising funds or financing a business are
Owner’s capital & borrowed funds
Which of the following in the ethical behavior(s) in managerial Practices?
All options
________________ is one who has invested the maximum amount in the business?
None options
Statutory meeting must be held within __________ of the environment of the business.
3 months to 6 months
In __________ a central body will allocated the resources and then decode how these resources will be distributed.
Planned economy
If the value of exports exceeds than value of imports the balance of trade is said to be favorable or a
Trade surplus
In which of the following industry, raw material is converted into finished or semi finished goods
Manufacturing
The first stage in Evolution of business is
Industrial revolution
Which of the following does NOT belong to the right of the business?
None options
Those countries where people are earning below US $ 765 are known as:
Low income countries
A document that contains rules and regulations of the company.
Articles of association
A major disadvantage of the corporate form of organization is the ________.
Double taxation of dividends
An agreement between two parties in which one party passes on the right to other party is called:
Franchising agreement
Competitor analysis is discussed under the following part?
Marketing part
For a private limited company, minimum numbrer of members are ________.
2
A sole proprietorship business may have:
All of the given
The first annual general meeting should be held with the ________ of incorporation of a company.
18 months
In which economy, the government decides that how many resources have to be generated and how the resources should be allocated?
Planned economy
________ is no liable for the debt of the partnership business.
Sleeping partner
Franchiser gets a large amount of mony from franshisee as ________ while using its name.
Interest
The two major sources of raising funds or financing a business are:
Owner's capital & borrowed funds
Set of organizational activities directed at attracting, developing, and maintaining an effective workforce is called:
Human resource Management
Total quantity of goods and services produced by an economic system during a given period is called
Aggregate output
The activity directed towards producing wealth through buying and selling goods is termed as?
Business
Filling out the vacant positions is?
Staffing
The two major sources of raising funds or financing a business are:
Owner’s capital & borrowed funds
In which type of business, Government gives the financial assistance?
Joint stock company
Which of the following is EXCLUDED from the advantages of sole proprietorship?
Unlimited liability
EEO stands for:
Equal Employment Opportunity
In which of the following do two or more organizations collaborate on a project for mutual gain?
Joint venture
A person who practices the functions to achieve management’s objectives?
Manager
Auditors are generally appointed and their remuneration, fixed at the ______________
Annual General Meeting
This management level is concerned with long-range planning for the organization.
Top Managerial
Which of the following business type can avail some concessions from the government?
Joint stock company
The activities that are undertaken for personal satisfaction and not to earn profit or income are known as___________.
Business activities
It is difficult to transfer the rights of ownership in?
Partnership
Which of the following is NOT a core function of management?
Motivating
A part of organization that requires separate planning is called?
Strategic Business Unit (SBU)
Which of the following is not an example of non-profit making organization?
Partnership
A document that contains rules and regulations of the company.
Money is the sole motivator for workers according to which of the following?
Theory X
________ is one who has invested the maximum amount in the business?
Senior Partner
The law relating to joint stock company has been laid in Companies Ordinence, 1984 which came into force on ________ in Pakistan.
Jan-85
Who signs the documents on behalf of the joint stock company?
common seal is used for its signature
A form designed by the employer for the prospective employee to fill it out is called?
Application blank
An agreement between two parties in which one party passes on the right to other party is called:
Joint venture
A written statement of what a job holder does, how a job is done, and why a job is done is a_______:
Job description.
In what type of business,there is easiest dissolution?
Sole proprietorship
Sources of marketing information are categorized into two groups - what are they?
External sources; internal sources.
Which of the following factor(s) contribute to success of new businesses?
Hard work
Which of the following is not the objective of the Directors' meeting?
To issue debentures
A distribution channel represents the path of a product from a producer to:
Consumer
Which of the following Selection devices are based upon physical condition of the candidates:
Medical tests
Which of the following factor(s) contribute to failures of new businesses?
All of the given
________ are paid for short term period, e.g. for a day or for an hour or on the basis of units completed.
None of the given
What is mean by global organization?
Producing products for specific country
In franchising, all of the following are the rights of franchisee except:
Right to use factory location
A part of organization that requires separate planning is called ________.
None of the given
Those countries where people are earning below US $765?
Middle income countries
Profit distributed among shareholders is called _______.
Dividend
In which approach of marketing: unstatisfied needs of the customers are satisfied?
Product oriented
Environmental forces that are controllable are called?
Internal forces
The notice calling the ammual general meeting, must be given to all its members at least ________ days before the date of the meeting.
21 days
First meeting of the members of public limited company is known as:
Statutory meeting
Dividing the market on the basis of area, climate and cultural values is called?
Geographical segmentation
Which of the following enjoys limited liability?
A corporation
DSS stands for:
Decision support system
All of the following personal characteristics are found in an entrepreneur except:
Follower
________ meeting must be held at least once in three months and at least four times in a year.
None of the given
In which leadership style, there will be downward communication only.
Democratic style
To get a product that is up to the expectations of the customers comes under consumerism.
False
Business may be define as an economic activity undertaken with a motive of earning profit by satisfying human needs in society. The term economic activity includes the activities with the motive of:
Personal satisfation
Statutory meeting must be held within ________ of the commencement of the business
3 months to 6 months
The method of interviews where questions can be changed or adapted to meet the respondent's intelligence and understanding is called:
Unstructured interviews
Which types of organizations have expertise in selecting people for the job?
Exports
Which of the following is not an example of non-profit making organization?
Partnership
Which of the following is an example of genetic industry?
Poultry Farms
All of the following is the barrier of international trade, Except:
Tariff
Which of the following is included in a business plan:
All of the given
The first time issuance of share is held in the:
Primary market
Job Enrichment:
Is a programme through which management seeks greater productivity from worker
Which of the following condition must be fulfilled to obtain the "Certificate of commencement"?
All of the given
Decision about activities performed by the workers is called
Organizing
Which of the meetings is held only once in the life of a public company?
Statutory meeting
Total income of the country/Total population is the formula to calculate.
Per Capita Income
Which of the following documents contains the name and address of joint stock company?
Memorandum of association
All of the following fall in the category of "business" except:
Construction of houses for personal use
Limit imposed by one country or importing commodities from another country?
Quoata
Which of the following statement is true for the World Trade Organization (WTO):
Sets tariffs to balance international trade among nations
All of the following fall in the category of "business" except:
Construction of houses for personal use
Limit imposed by one country or importing commodities from another country?
Quoata
Marketing should begin with _______.
All of the given
The activities that are undertaken for personal satisfaction and not to earn profit or income are known as ________.
Business activities
Concessions provided by a country to its producers in order to protect economy?
Subsidies
Which of the following have powers of decisions making in Joint Stock Company?
Board of directors
Election of directors and appointment of auditors is the objectives of ________.
Annual general meeting
Annual General Meeting is the meeting of the company that held
Once in a year
Those who invest in joint stock companies is called:
Shareholders
________ meeting is the first meeting after commencenent of business.
None of the given
which mode of the business is formed when several business concern undertaking units are combined to carry on the business together for achieving the economic benefits?
combination
Which of the following is not the disadvantage of cooperative society?
Lack of secrecy
________ describes life time objectives of the organization.
All of the given
Those who invest in joint stock companies is called:
Shareholders
First meeting of the members of public limited company is known as:
Statutory meeting
Which of the following have powers of decisions making in Joint Stock Company?
Board of directors
Limit imposed by one country or importing commodities from another country?
Quoata
Which of the meetings is held only once in the life of a public company?
Statutory meeting
Sole proprietorship always enjoys:
100% of profit after tax
The first time issuance of share is held in the:
Primary market
Decision about activities performed by the workers is called
Organizing
________ are the government taxes on imports that raise the price of foreign goods and make them less competitive with domestic goods.
Income tax
Which of the following is NOT an aspect to purchase a franchise business?
Attractive Location
Which of the following is not an example of non-profit making organization?
Partnership
The marketing activity of dividing market into smaller units with similar needs and characteristics is known as:
Market penetrating
All of the following personal characteristics are found in an entrepreneur except:
Follower
Which of the following is included in a economic factors?
Value system
In what type of business,there is easiest dissolution?
Sole proprietorship
Goods produce domestically and sold in some other country is called:
Exports
Sources of marketing information are categorized into two groups - what are they?
External sources; internal sources
The first annual general meeting should be held with the ________ of incorporation of a company.
18 months
Dividing the market on the basis of area, climate and cultural values is called?
Geographical segmentation
Which types of organizations have expertise in selecting people for the job?
All of the given
Which of the following must hold a statutory meeting? Statutory companies
Public limited companies
2. Which of the following is NOT included in aids to trade?
Insurance
3. The portion of capital kept at the winding up of a company for the payment of debts is known as:
Reserve capital
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