Introduction To Business MCQs | MGT211 MCQs | Set 2
Introduction To Business MCQs | MGT211 MCQs | Set 2
MCQs (Multiple Choice Questions)
1) Manager is the one who:
a) Set the capital level of goals and strategies for future
b) Accomplish goals through other organizational people
Correct -Answer:
The correct answer is 'b'.
Explanation:
Managers are responsible for guiding and directing the efforts of their team members or subordinates to achieve the goals set by the organization. They need to coordinate resources, delegate tasks, provide guidance, monitor progress, and ensure that the work is being done effectively and efficiently. Managers are essentially the bridge between the organizational goals and the people who work to achieve those goals.
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2) Which of the following can be used to calculate the risk of the larger portfolio?
a) EPS appprocah
b) Matrix approcah
Correct Answer:
The correct answer is 'b'.
Explanation:
"Matrix approach" can be used to calculate the risk of a larger
portfolio. The Matrix approach typically refers to techniques like
Portfolio Analysis, which involve assessing the risk and return of
various assets within a portfolio to determine the overall risk of
the entire portfolio. This approach takes into account the
correlations between different assets, which
helps in understanding how the risk of the entire portfolio is affected
by the interactions between its individual components.
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3) Which of the following is EBiT?
a) Net income
b) Operating profit
c) Earning before texes
Correct Answer:
The correct answer is 'b'.
Explanation:
EBiT stands for "Earnings Before Interest and Taxes," which is a measure of a company's operating profitability. It represents the company's earnings before deducting interest and income tax expenses. This metric is useful for understanding a company's core operating performance, excluding the impact of financial leverage and tax implications.
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4) The notice calling the annual general meeting must be given to all its members at least _____ days before the meeting.
a) 21 days
b) 30 days
Correct Answer:
The correct answer is 'a'.
Explanation:
The notice calling the annual general meeting of a company is usually required to be given to all its members at least 21 days before the meeting. This provides members with sufficient time to prepare for the meeting, review the agenda, and make necessary arrangements to attend if needed.
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5) Spreadsheet database and word processing software are all types of
a) Operating systems
b) Application software
Correct Answer:
The correct answer is 'b'.
Explanation:
Spreadsheet, database, and word processing software are all types of application software. Application software refers to programs or software designed to perform specific tasks or functions for users. In this case, spreadsheet software is used for creating and managing spreadsheets, database software is used for managing databases and data, and word processing software is used for creating and editing documents. Operating systems, on the other hand, are the fundamental software that manages computer hardware and provides the basis for running all other software applications.
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6) An organization wants to send an important parcel to Iran, which of the following mode of transportation will be most suitable.
a) By train
b) By air
Correct Answer:
The correct answer is 'b'.
Explanation:
Sending parcels by air is generally faster and more efficient, especially for important or time-sensitive shipments. It allows for quicker delivery compared to other modes of transportation like trains, which might involve longer transit times and potential delays. Given the importance of the parcel, using air transportation would likely provide a more reliable and expedient delivery option.
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7) ____ is the two way flow of communication between buyer and seller, often in a face to face encounter, designed to influence a persons or group purchase descision:
a) Sales management
b) Personal selling
Correct Answer:
The correct answer is 'b'.
Explanation:
Personal selling refers to the two-way flow of communication
between a buyer and a seller, often in a face-to-face
encounter, with the goal of influencing a person's or group's
purchase
decision. It involves building relationships, addressing
customer needs, and providing information to persuade potential
customers to make a purchase. This approach allows for tailored
communication and direct interaction, which can be effective in
complex or high-value sales situations.
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8) Dairy form sells the products by helping the buyer, it is called.
a) Creative selling
b) Missionary selling
Correct Answer:
The correct answer is 'b'.
Explanation:
Missionary selling refers to a sales approach where the focus is on educating and assisting potential buyers rather than directly selling products. In the context of a dairy farm, this approach might involve providing information, guidance, and support to potential customers about the benefits and uses of dairy products. The goal is to build relationships, establish trust, and create a positive image of the products, ultimately leading to increased sales over time. Creative selling, on the other hand, typically involves innovative and unique methods to persuade customers to make purchases.
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9) A product can be:
a) Tangible and Intangible
b) Something that is offered for sale
c) All of the given options
Correct Answer:
The correct answer is 'c'.
Explanation:
A product can indeed be:
a) Tangible and Intangible: Products can be physical items that you can touch and see (tangible), such as electronics, clothing, and furniture. They can also be services or experiences that don't have a physical form but provide value (intangible), like education, entertainment, or consulting.
b) Something that is offered for sale: A product is something that is made available for sale in the market, whether it's a physical item or a service.
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10) When an organization converts raw material into finished goods, it is called.
a) Production
b) Planning
c) Promotion
Correct Answer:
The correct answer is 'a'.
Explanation:
When an organization converts raw materials into finished goods through various manufacturing processes, it is referred to as production. Production involves the transformation of inputs, such as raw materials and labor, into outputs, which are the finished products that are ready for distribution and sale. Planning and promotion are also important aspects of business operations, but they are not the specific process of converting raw materials into finished goods.
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