Introduction to Business (Sem 1 ) MCQ

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Question 51 : Commerce is concerned with production of goods and services for satisfying human wants.

  1. True
  2. False
  

Question 52 : Genetic industry involves breeding and reproduction of plants and animals for the purpose of sale.

  1. True
  2. False
  

Question 53 : Poultry, dairy and plant nurseries are examples of extractive industry.

  1. True
  2. False
  

Question 54 : Purchase and store keeping are important elements of production function.

  1. True
  2. False
  

Question 55 : Tertiary industry provides intangible goods.

  1. True
  2. False
  

Question 56 : Trade is an important part of commerce.

  1. True
  2. False
  

Question 57 : Survival is the basic objective of every organization.

  1. True
  2. False
  

Question 58 : Earning profit is a social objective.

  1. True
  2. False
  

Question 59 : Creating wealth is an economic objective of business.

  1. True
  2. False
  

Question 60 : Economic and social objectives are similar in nature.

  1. True
  2. False
  

Question 61 : Human objectives are aimed at well being of the employees of an organization.

  1. True
  2. False
  

Question 62 : Fulfilling economic objectives provide indirect returns in the form of earning goodwill.

  1. True
  2. False
  

Question 63 : Liberalization refers to transfer of government function to the private sector.

  1. True
  2. False
  

Question 64 : Globalization has impacted developing countries only in a negative manner.

  1. True
  2. False
  

Question 65 : Globalization has led to deregulation and reduction in tariff and trade barriers.

  1. True
  2. False
  

Question 66 : Growth strategy refers to continuing the current activities of the firm without any significant change.

  1. True
  2. False
  

Question 67 : Expansion is an external growth strategy

  1. True
  2. False
  

Question 68 : Conglomerate merger is a merger of firms engaged in unrelated type of business activities.

  1. True
  2. False
  

Question 69 : LPG has had a mixed impact on Indian economy.

  1. True
  2. False
  

Question 70 : Acquisitions and mergers are internal growth strategies.

  1. True
  2. False
  

Question 71 : Turnaround strategy is applied to loss making units.

  1. True
  2. False
  

Question 72 : Diversification strategy helps to spread business risks.

  1. True
  2. False
  

Question 73 : Market penetration strategy aims at increasing the sale of present product in new markets.

  1. True
  2. False
  

Question 74 : Liquidation refers to closing down a firm and selling its assets.

  1. True
  2. False
  

Question 75 : Merger refers to division of a company.

  1. True
  2. False
  

Question 76 : Downsizing refers to retrenchment.

  1. True
  2. False
  

Question 77 : Divestiture is a financial restructuring strategy.

  1. True
  2. False
  

Question 78 : Leveraged buyout means purchase of a company with own funds.

  1. True
  2. False
  

Question 79 : Debtequity swap reduces debt burden of the company.

  1. True
  2. False
  

Question 80 : Buyback of shares is a financial restructuring strategy.

  1. True
  2. False
  

Question 81 : Mergers and amalgamations are synonymous

  1. True
  2. False
  

Question 82 : Divestment is a retrenchment strategy.

  1. True
  2. False
  

Question 83 : Environmental factors are _____.

  1. stable
  2. dynamic
  3. isolated
  4. None of the above
  

Question 84 : _____ environment includes policies of the government.

  1. Sociographic
  2. Demographic
  3. Economic
  4. None of the above
  

Question 85 : Analysis of competitors strategies is an element of _____ environmental analysis.

  1. internal
  2. external
  3. international
  4. All of the above
  

Question 86 : _____ environment includes factors related to population.

  1. Political
  2. Demographic
  3. Economic
  4. All of the above
  

Question 87 : _____ environment consists of sets of laws.

  1. Demographic
  2. Regulatory
  3. Social
  4. All of the above
  

Question 88 : Customer is an element of _____ environment.

  1. micro
  2. macro
  3. internal
  4. None of the above
  

Question 89 : _____ environment can be controlled.

  1. Internal
  2. Micro
  3. Macro
  4. All of the above
  

Question 90 : Value system and management philosophy are elements of _____ environment.

  1. internal
  2. micro
  3. macro
  4. None of the above
  

Question 91 : _____ agreement is concerned with liberalization of international investment.

  1. TRIMs
  2. TRIPs
  3. AOA
  4. None of the above
  

Question 92 : The _____ agreement of WTO pertain to patents and copyrights.

  1. TRIPs
  2. TRIMs
  3. GATs
  4. All of the above
  

Question 93 : _____ is a trading bloc consisting of South Asian countries.

  1. SAARC
  2. ASEAN
  3. NAFTA
  4. All of the above
  

Question 94 : WTO replaced GATT in the year _____.

  1. 1995
  2. 2000
  3. 2002
  4. None of the above
  

Question 95 : _____ agreement of WTO regulates trade in services.

  1. TRIPs
  2. TRIMs
  3. GATS
  4. All of the above
  

Question 96 : _____ is a trading block of European countries.

  1. NAFTA
  2. EU
  3. SAARC
  4. None of the above
  

Question 97 : Business environment is dynamic in nature.

  1. True
  2. False
  

Question 98 : Vision, mission and objectives are internal environmental factors.

  1. True
  2. False
  

Question 99 : Internal environmental factors can be controlled.

  1. True
  2. False
  

Question 100 : Micro environmental factors of an organization include suppliers and customers.

  1. True
  2. False
  
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