Recruitment

Recruitment refers to the process of attracting, screening, and selecting

qualified people for a job at an organization or firm.

1- In what type of business, Expansion is comparatively difficult than others

 

Partnership
 
Soleproprietory
 

Join stock
 

None of the above

 
 

:Retirement plan is an example of-3

Individual incentives

Benefit programs

Group incentives

Team incentives

4- Which of the following enjoys limited liability?

A general partnership.

A corporation.

A sole proprietorship.
None of the above
 
5- A form designed by the employer for the prospective employee to fill it out
is called?

Offer letter
Application blank
Basic inf form

None of the above

 
6- --------------industry, raw material is converted into some goods finished or
semi finished:
Manufacturing

Manufacturing

Genetic

Constructive

 
7- Job analysis is divided into _____ parts

4
2
 
8- Which type of Need is the fullest utilization of one’s potential?

Self esteem

Social needs
Self actualization

Biological needs
 
 
9- Employees behaviour to leave the job from organization is called?
Replacement chart

Skill inventory

Turnover rate

Retention
 
10- Set of organizational activities directed at attracting, developing, and
maintaining an effective workforce is called:
Human resource management
Financial management

Marketing

Non of the above

 
11- n which organization, people join as volunteers

Partenership
Cooperative society

Joint stock company

All of the above

 
12- The activity directed towards producing wealth through buying and selling
goods is termed as?

Social services
Business

Non-economic activities

none of the above

13- Franchisors like franchising because:

They get a huge amount of money from franchisee without doing much

Failure rate of franchise business is lower than other businesses.

franchisees invest their own money and take responsibility for the
management of the businesses they own.

All of the given above

14- Decision about activities performed by the workers is called

Palnning

Leading
Controlling
Organizing
 
15- A market survey is important because it tells you:

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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MGT211 Introduction To Business Solved MCQs from Quiz

2

Wages are paid for : 

Short term period 

Long term period 
All of the given options 
None of the given options
 
Reference:
Wages—compensation in the form of money paid for time worked.

Question # 2 of 15 - Total M - 1 
Which of the following is false? 

One reason for failure of small businesses is lack of managerial experience. 

One reason for failure of small businesses is that most entrepreneurs are younger than 25 years
old 
One reason for failure of small businesses is neglect. 
One reason for failure of small businesses is weak control systems.
 
Reference:
Normally, following are the common causes of failure of any business:
• Lack of market knowledge
• Start of any business without having proper experience in the field
• Lack of control over procedures
• Lack of understanding customer’s demand
• Poorly designed Production Processes
• Cost
• Wastage
• Complaint handling
• Quality
• Insufficient capital
• Bad Luck
• Natural Disaster

Question # 3 of 15 - Total M - 1 
Which of the following is NOT a secondary industry? 

Construction industry
Manufacturing industry 
Genetic industry 
Services industry
Reference:
Industry is further divided into two kinds.
1: Primary Industry
(a)   Extractive
(b)   Genetic
2: Secondary Industry
(a)   Construction
(b)   Manufacturing
(c)   Services
 
 
Question # 4 of 15 - Total M - 1 
All of the following statements are true regarding partnerships except ________. 

There is no partnership income tax; the individual partners pay a personal income tax on their portion of
partnership profits 
If the partnership agreement does not specify otherwise, profits will be shared equally by the partners 
A partnership balance sheet is much like that of a proprietorship 
The death of a partner dissolves the partnership and all assets must be liquidated
Reference:
 
Question No. 12 on the linked website.

Question # 5 of 15 - Total M - 1 
Marketing should begin with ________. 

Potential customer needs 

The production process 
Identifying customer needs 
All of the given options
 
Reference:
“Marketing is quite simply finding a need and filling it.”
 

Question # 6 of 15 - Total M - 1 
New and revised products may be tested through: 

Commercialization 
Product life cycle 
Family brands 
Marketing research
Reference:
Website Link Page 462
 
 
Question # 7 of 15 - Total M - 1 
In which of the following do two or more organizations collaborate on a project for mutual gain? 

Limited partnership 
Joint venture 
Public corporation 
Strategic alliance

Reference:
Joint Venture
Two or more people or organizations join hands and decide to do a combine business. In a joint venture,
there is equal sharing or capital resources by each firm. Instead of expanding the business at broader
level or to start a new business with very high cost, joint venture shares the financial burden in order to
gain new opportunities at diversified level.
 

Question # 8 of 15 - Total M - 1 
When a manager focuses on making whatever products are easy to produce, and then trying to
sell them, that manager has a _________orientation. 

Marketing 
Production 
Sales 
Profit
 
Reference:
  PRODUCTION ORIENTATION—making whatever products are easy to produce and then trying to sell
them.
 
Question # 9 of 15 - Total M - 1 
The law elating to Joint Stock Companies has been laid in companies Ordinance: 

1984 
1980 
1932 
none of the above

Reference:
A joint stock company is the creation of law or special ‘Act’ of the state. It is formed and
governed by the Companies Ordinance or by a special Act of the legislature. Pakistani
companies are incorporated under the Companies Ordinance, 1984.
 

Question # 10 of 15 - Total M - 1 
______ refers to the standards of moral behavior. 

Legality 
Loyalty 
Integrity 
Ethics
Reference:
Feedback: Ethics is defined as the standards of moral behavior, that is, behavior that is accepted by society as right
versus wrong.
Copied From: Website Link

Question # 11 of 15 - Total M - 1 
___ is the process of locating, identifying, and attracting capable applicants. 

Downsizing 
Human resource inventory report 
Recruitment 
Strategic human resource planning
 
Reference:
Recruitment refers to the process of attracting, screening, and selecting qualified people for a job at an
organization or firm.
 
Question # 12 of 15 - Total M - 1 
Which of the following is EXCLUDED from the advantages of sole proprietorship? 

Unlimited liability 
Personal satisfaction 
Entire profit 
Independence
 
Reference:
ADVANTAGES OF SOLE PROPRIETORSHIP

1. Contacted with the Customers

2. Direct Relationship with Workers
3. Easy Formation
4. Easy Dissolution
5. Easy Transfer of Ownership
6. Entire Profit
7. Entire Control
8. Flexibility
9. Honesty
10. Independence
11. Personal Satisfaction
12. Prime Credit Standing
13. Quick Decisions
14. Personal Interest
15. Saving in Interest on Borrowed Capital
16. Saving in Legal Expenses
17. Saving in Management Expenses
18. Saving in Taxes
19. Secrecy
20. Social Benefits
 
 
Question # 13 of 15
______ is the combination of a product's qualities and features, its price, the way it is promoted
and sold, and the places at which it is sold. 

Marketing mix 
Product mix 
Product differentiation 
Product positioning
 
Reference:
A firm’s marketing mix (often called the four Ps) consists of product, place (or
distribution), price, and promotion.
 
Question # 14 of 15 - Total M - 1 
______ is the typical sequence of changes in demand for a product that occurs over time. 

The business vision statement 

The product life cycle 
Marketing research 
A customer-oriented approach
 
Reference:
One more important factor companies must consider when developing their business models is the
Product Life Cycle product life cycle, which is typical sequence of changes in demand for a product that
occur over time.
Copied From Introduction To Business By Jones
 
Question # 15 of 15 - Total M - 1 
Key controllable factors in global marketing are: 

Marketing activities and plans 

Social and technical changes 
Government policy and legislation 
All of the given options

MGT211 Current Quiz

Question # 1 of 15 ( Start time: 06:35:10 PM ) Total Marks: 1

This management level is concerned with long-range planning for the organization.
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Question # 2 of 15 ( Start time: 06:35:34 PM ) Total Marks: 1

The liabilty of a sole trader is:
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Question # 3 of 15 ( Start time: 06:36:03 PM ) Total Marks: 1

Selection devices that are based upon physical condition of the candidates are known as:
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Question # 4 of 15 ( Start time: 06:36:38 PM ) Total Marks: 1

Political and legal barriers to trade include:
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Question # 5 of 15 ( Start time: 06:37:03 PM ) Total Marks: 1

Following are the steps in marketing research except:
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Question # 6 of 15 ( Start time: 06:37:34 PM ) Total Marks: 1

Expectations that specify the role of price in a firm's marketing and strategic plans are:
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Question # 7 of 15 ( Start time: 06:38:03 PM ) Total Marks: 1

Sellers feel the need of an organized institution that coordinates all activities related to sales in____________.
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Question # 8 of 15 ( Start time: 06:38:46 PM ) Total Marks: 1

Four cost concepts are important in pricing decisions: total cost, fixed cost, variable cost, and:
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Question # 9 of 15 ( Start time: 06:39:48 PM ) Total Marks: 1

A good, service, or idea consisting of a bundle of tangible and intangible attributes that can satisfy consumers is called a:
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Question # 10 of 15 ( Start time: 06:40:27 PM ) Total Marks: 1

The process which consists of six stages; prospecting, preapproach, approach, presentation, close, and follow-up is called the:
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Question # 11 of 15 ( Start time: 06:41:03 PM ) Total Marks: 1

Key controllable factors in global marketing are:
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Question # 12 of 15 ( Start time: 06:42:00 PM ) Total Marks: 1

Skyscrapers, pop-ups, and banners are all types of __________ advertising.
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Question # 13 of 15 ( Start time: 06:42:27 PM ) Total Marks: 1

In the marketing research process the 1st step is to define the problem followed by:
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Question # 14 of 15 ( Start time: 06:42:54 PM ) Total Marks: 1

An agreement between two parties in which one party passes on the right to other party is called:
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Question # 15 of 15 ( Start time: 06:43:11 PM ) Total Marks: 1

Personal selling tries to achieve three general goals: finding prospects, convincing prospects to buy, and
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