MLM Directory

Quiz? Due Date March 28, 2009?

1Conversion of raw material into finished goods is the example of_____________ A.Industry B.Commerce C.Foreign trade D.Finance 2Fishing and poultry is an example of _______ A.Genetic industry B.Extractive industry C.Constructive industry D.Manufacturing industry 3Roads and buildings are examples of _______ A.Genetic industry B.Extractive industry C.Constructive industry D.Manufacturing industry 4The second stage in Evolution of business is__________ A.Industrial revolution B.Marketing Era C.Entrepreneurship D.Globalization 5Inflation rate is included in__________ A.Economic factors B.Legal factors C.Demographic factors D.Technological factors 6Which of the following is excluded from factors that can affect the business? A.Demographic Factors B.Economic and social factors C.Natural factors D.None of the given options 7Which of the following would generally have unlimited liability? A.A limited partner in a partnership B.A shareholder in a corporation C.The owner of a sole proprietorship D.A member in a limited liability company 8Which of the following statements is correct for a sole proprietorship? A.The sole proprietor has limited liability. B.The sole proprietor can easily dispose of their ownership position relative to a shareholder in a corporation. C.The sole proprietorship can be created more quickly than a corporation. D.The owner of a sole proprietorship faces double taxation unlike the partners in a partnership. 9The formation of ___________does not requires any legal formality like registration. A.Company B.Cooperative society C.Partnership D.Sole proprietorship 10The limited partners in a limited partnership: A.Are not taxed as if the partnership was a general partnership. B.Have limited liability C.Must be involved in the day to day management of the firm D.None of the given options 11The formation of __________does not requires any legal formality like registration. A.Company B.Cooperative society C.Partnership D.Sole proprietorship 12The limited partners in a limited partnership A.Are not taxed as if the partnership was a general partnership. B.Have limited liability C.Must be involved in the day to day management of the firm D.None of the given options 13Which legal form of business organization offers the greatest protection to all of the owners of the firm in the event that the firm has a legal judgment against it? A.Sole proprietorship B.Limited partnership C.Corporation D.All of the given options 14Which of the following is NOT a benefit of partnership? A.Distribution of work B.Unlimited Liability C.Tax facility D.Minority protection 15A major disadvantage of the corporate form of organization is the __________ A.Double taxation of dividends B.Inability of the firm to raise large sums of additional capital C.Limited liability of shareholders D.Limited life of the corporate form 16The powers of the Board of Directors to borrow from the bank are mentioned in______ A.Article of Association B.Memorandum of Association C.Special Resolution D.None of the given options 17The liability of each member in cooperative society is________ A.Limited to the share capital B.Limited to total property of the society C.Unlimited D.None of the given options 18Which of the following is not the advantage of cooperative society? A.Limited liability B.Mutual cooperation C.Economic democracy D.Lack of secrecy 19Where a firm sells a brand owned by another firm this is called a__________ A.Consortium B.Joint venture C.Franchise D.Licensing agreement 20Which of the following statements about franchising is true? A.Franchising is a type of corporate system. B.Franchising is used to achieve coordination at successive stages of production C.Franchising is a type of administered vertical marketing system. D.Franchising is the most visible variation of contractual systems

Public Comments

1. 1 A 2 A ? 3 C 4 no idea 5 A ? 6 D 7 C 8 C 9 D 10 B 11 same as 9 ! 12 same as 10 ! 13 C 14 D - though B isn't a benefit surely ? 15 A 16 B possibly 17 B I think 18 D ? 19 D 20 no idea
2. Q NOANSWERS 1A 2A 3C 4D 5A 6D 7C 8B 9D 10B 11D 12B 13C 14B 15D 16B 17B 18D 19A 20A by dr abdul-saboor student of vu pakistan for all new help about vu join me at www.stb.zianews.com www.tabassum.zianews.com and clik on vu student section of my forum