Khan Bahadur Syed Allahando Shah Sindh University Campus Naushahro Feroze

FINAL TERM 1st Semeter Examination of 2021

Class: BBA- Part-4 Department: Business Administration

D a Subject: BUSINESS
t POLICY e :
T i m e : 2 H o u r s
T. Marks. 60
Student Name: ……………….. Roll NO: ............................
Section-A Objectives
(1) Which Business is not an example of a franchisee?
(a) McDonald’s (b) KFC (c) Burger King (d) Federal Express
(2) A Company or individual who pays for the legal right to use the product, service or
format of another is called a ……….
(a) Franchisee (b) Franchisor (c) Franchising (d) A.O.T
(3) When a company enters into a legal arrangement to allow its product, service or
business format to be used by others by others for a fee it is called ……..
(a) Franchisee (b) Franchisor (c) Franchising (d) A.O.T
(4) …………acts as a guide in decision making process.
(a) Policy (b) Procedure (c) Strategy (d) Governance
(5) …………..refers to the exchange of commodities and services for increasing profit.
(a) Policy (b) Strategy (c) Business (d) Management
(6) …………offers guidelines for managers to take appropriate decisions.
(a) Business policy (b) Strategic Management (c) Corporate Governance (d) Risk
Management
(7) Which of these characteristics does not apply to partnership?
(a) Unlimited liabilities (b) Unlimited Life (c) Single Taxation (d) Dormant Partner
(8) A large organization with separate legal status is known as?
(a) Sole Proprietorship (b) Partnership (c) Company (d) A.O.T
(9) In Sole proprietorship, the capital is………..
(a) Limited (b) Unlimited (c) Depends upon sources of the owner (d) None of these
(10) Which of the following is not a function normally performed by HR
department?
(a) Accounting (b) Recruitment (c) Pay and Rewards (d) Employee Relations
(11) When British Airways merged with Spanish airline, what kind of merger was
this?
(a) Vertical Merger (b) Horizontal Merger (c) Conglomerate (d) Acquisition
(12) In partnership, the age of minor partner is:
 (a) 20 yrs (b) 18 yrs (c) 22 yrs (d) Below 18 yrs
(13) An identified group of people contributing their efforts towards the attainment
of goals is called an …………………
(a) Organization (b) Business (c) Management (d) Department
(14) The first and foremost function of management is………
(a) Planning (b) Organizing (c) Leading (d) Controlling
(15) The scope of HRM does not include……….?
(a) Retirement of employees (b) Manpower Planning (c) Training of employees (d)
Maintenance of accounts
(16) Human Resource Management is ………….?
(a) Employer Oriented (b) Employee oriented (c) Legally oriented (d) Socially
oriented
(17) What is meant by the phrase CSR?
(a) Corporate Social responsibility (b) Company Social Responsibility (c) Corporate
Society Responsibility (d) Company Society Responsibility
(18) There are………………approaches of social responsibility.
(a) 5 (b) 3 (c) 2 (d) 4
(19) Company meets only minimum legal requirements in its commitments to
groups and individuals its social environment is called………….
(a) Obstructionist stance (b) Defensive stance (c) proactive stance (d)
Accommodative Stance
(20) Stockholders have an only concern of ………….
(a) Society welfare (b) Financial Return (c) Ethical Obligation (d) Legal requirements

Section-B Subjective
Attempt any 4 questions, each question carries equal marks.
Q1: Define Business policy and its features. Explain how strategy differs from policy?
Q2: What is Management? Elaborate the functions of management?
Q3: Discuss Franchising Concept with examples. Elaborate the types of franchising?
Q4: Explain the stakeholder model of responsibility? Elaborate the areas of social
responsibility?
Q5: Explain the forms of organization with advantages and disadvantages?
Q6: What is HRM? Explain the HRM Process and elaborate the role of HR manager?
Q7: How to Assess a Prospective franchise? What is involved in franchising?