<p>MCQS of MGT211 Spring 2009 Q. No Questions Correct option</p><p>1 Conversion of raw material into finished goods is A the example of______</p><p>A. Industry B. Commerce C. Foreign trade D. Finance 2 Fishing and poultry is an example of ______A</p><p>A. Genetic industry B. Extractive industry C. Constructive industry D. Manufacturing industry 3 Roads and buildings are examples of ______C</p><p>A. Genetic industry B. Extractive industry C. Constructive industry D. Manufacturing industry 4 The second stage in Evolution of business C is______</p><p>A. Industrial revolution B. Marketing Era C. Entrepreneurship D. Globalization 5 Inflation rate is included in______A</p><p>A. Economic factors B. Legal factors C. Demographic factors D. Technological factors 6 Which of the following is excluded from factors D that can affect the business?</p><p>A. Demographic Factors B. Economic and social factors C. Natural factors D. None of the given options 7 Which of the following would generally have C unlimited liability?</p><p>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 8 Which of the following statements is correct for a C sole proprietorship?</p><p>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 Spring 2009 </p><p>Sr.# Questions Correct option</p><p>21 As a general rule, the Chinese government allows C foreign companies to participate in its market only if those companies agree to establish operations with local Chinese enterprises. Which market entry mode would be appropriate choice under these circumstances?</p><p>A. Acquisition. B. Exporting. C. Joint venture. D. Licensing 22 In which of the following two or more organizations C collaborate on a project for mutual gain?</p><p>A. Limited partnership B. Public corporation C. Strategic alliance D. None of the given options 23 The difference between a country's merchandise C exports and its merchandise imports is the:</p><p>A. Current account. B. Capital account C. Balance of trade. D. Balance of payments. 24 ______refers to the strategy of approaching C worldwide markets with standardized products.</p><p>A. Vertical integration B. Horizontal integration C. Globalization D. Franchising 25 If the UK placed a limit on the amount of steel that A could be imported into the UK in a particular period this would be an example of: </p><p>A. A quota. B. A tariff. C. Dumping D. An export subsidy 26 "Differences in the importance of values and norms" A are an example of which type of international trade barrier?</p><p>A. Cultural B. Political C. Legal D. Economic 27 ______is a dimension of social D responsibility that includes hiring minority workers, making safe products, minimizing pollution, using energy wisely, and providing a safe work environment</p><p>A. Corporate philanthropy B. Corporate policy C. Corporate governance D. Corporate responsibility 28 ______refers to the form of social D activism dedicated to protecting the rights of consumers in their dealings with businesses.</p><p>A. Environmental marketing B. Marketing ethics C. Social responsibility D. Consumerism 29 Human resource management is the formal part of an B organization responsible for all of the following aspects of the management of human resources except:</p><p>A. Systems, processes, and procedures B. Management of the organization’s finances C. Policy making, implementation, and enforcement D. Strategy development and analysis 30 Human resource planning is a dynamic planning B process which involves ongoing environmental scanning and an analysis of organizational objectives, strategies, and policies aimed at deciding</p><p>A. What business the organization should be in? B. The right quantity and quality of employees needed when and where. C. What physical resources the organization needs? D. Who the organization’s main competitors are? </p>