VU Midterm Past Papers
200 solved midterm past paper MCQs for MGT211 (Introduction To Business) at Virtual University, each with the correct answer marked. Use them to learn the VU question style and test your recall. An independent study tool — not affiliated with VU.
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Q1. Which of the following business type has longest life time?
Q2. Election of the Board of Directors is done by Shareholders.
Q3. Which of the following business type, has to pay double taxes to the government?
Q4. ___________ includes the rules and regulations, necessary to manage the internal affairs of the company.
Q5. General information like Appointment, election and powers of directors, voting rights and transfer of shares mention in ____________.
Q6. To call the extraordinary meeting, how many days’ notice is required?
Q7. According to Section 305 of Companies Ordinance, a company may wound up by court under which of the following circumstances:
Q8. Which of the following is the source of acquiring of redeemable capital?
Q9. Normally some part of Capital is kept for the payment of debts at the time of winding up, is called as:
Q10. The following person cannot make a petition to the court to get an order for winding up of a company.
Q11. Which of the following is the disadvantage of modified schedules and alternative workplace?
Q12. Among different managerial styles, which of the following allows most rapid decision making?
Q13. ____________ is the process of motivating others to work to meet specific objectives.
Q14. Which of the following represents the set of procedures involving both managers and subordinates in setting goals and evaluating progress?
Q15. The internal environment consists of the insides forces that influence marketing strategy and decision making is/are as follows:
Q16. A specific communication task to be accomplished with a specific target audience during a specific period of time is called as:
Q17. Dividing a market into distance groups of buyers who have distinct needs, characteristics, or behavior and who might require separate products or marketing mixes.
Q18. The actors and forces outside marketing that affect marketing management’s ability to build and maintain successful relationship with target customers are called as:
Q19. The set of controllable tactical marketing tools-product, price, place and promotion that the firm blends to produce the response it wants in the target market.
Q20. Motor cycle and car are very different from one another, but both fulfill the need for transport is an example of:
Q21. Physical distribution is a channel to make availability of ___________ from producer to consumer.
Q22. Advertising strategies often depend on the product life cycle stage. Example in case of introductory stage, which of the following advertising strategy is used:
Q23. A ____________ is a promotional approach that encourages consumer demand, which then exerts pressure on wholesalers and retailers to carry a product.
Q24. _______________ includes rental or mortgage payments, insurance, and wages. Other cost includes material handling and inventory control.
Q25. Personal selling task in which salespeople try to persuade buyers to purchase products by providing information about their benefits is:
Q26. Consumer promotion aimed at the _________ and Trade promotion aimed at wholesalers and retailers.
Q27. In which of the following, Companies rent booths to display and demonstrate products to customers who have a special interest or are ready to buy.
Q28. ______________ is the planning, organizing, directing, and controlling of all the activities needed to get high-quality goods and services into the marketplace.
Q29. A promotional tool in which information about a company or product is transmitted by general mass media, which is free, but you have little or no control of the content and delivery.
Q30. Advertising strategy that tries to keep a product's name in the consumer's mind.
Q31. A Pizza delivery service company generated after tax earnings of Rs. 800,000. With total stockholder investments equaling Rs. 20,00,000. What was the company's return on equity?
Q32. Components of Business Plan include all of the following except
Q33. An agreement between two parties in which one party possess the rights to the other party is
Q34. The shareholders elect the Board of Directors in the
Q35. Portion of the undistributed profit transferred to which of the following?
Q36. Brief history, Auditor’s report, shareholders’ equity and liabilities, share capital, etc are mention in which of the document?
Q37. A joint stock company may be wound up voluntarily in which of the following way:
Q38. Capital is required for the purchase of land, machines, wages and raw materials. A businessman can generate its capital from:
Q39. Cooperative Societies are not formed for:
Q40. Which one of the following statements about marketing is inaccurate?
Q41. The process of tracking the demand and satisfaction of customers in an effort to develop products they will want to buy on an ongoing basis is called ________.
Q42. ________ is the typical sequence of changes in demand for a product that occurs over time.
Q43. All of the following except _________ are considered to be correct statements about marketing research.
Q44. When a company targets a particular group of customers because of their need for its product, it can be stated the company has identified its _________.
Q45. ________ is the combination of a product's qualities and features, its price, the way it is promoted and sold, and the places at which it is sold.
Q46. Which type of product promotion is identified as being direct, face-to-face communication by salespeople with existing and potential customers to promote a company's products?
Q47. identified as being direct, face-to-face communication by salespeople with existing and potential customers to promote a company's products?
Q48. The specific method a company uses to sell and deliver its products to customers is known as its __________.
Q49. Of the following distribution methods, which one is best identified as being that which occurs when a company delivers and sells products straight to the final customer?
Q50. The combination of channels a company selects to place, promote, sell, and deliver its products to customers is best identified by which one of the following?
Q51. All of the following choices represent one of the four types of utility except:
Q52. The consumer rules! Find a need and fill it was the prevailing attitude during what historical era of marketing?
Q53. The marketing concept is:
Q54. ________ involves long-term, value-added relationships developed over time with customers and suppliers:
Q55. An activity in which two or more parties give something of value to each other to satisfy perceived needs is called:
Q56. An enterprise that provides products or services that customers desire is a / an:
Q57. The different types of stakeholders involved in a business include all of the following except:
Q58. A certificate of ownership of a business is a:
Q59. The following are possible forms of business ownership except:
Q60. Partners have unlimited liability in a:
Q61. An arrangement whereby business owners allow others to use their trademark, trade name, or copyright under specified conditions is a:
Q62. A firm’s ______ is measured by its stock price, which can be negatively affected by unethical business practices:
Q63. _______ conditions reflect the overall performance of the nation’s economy.
Q64. The primary purpose of an industry business environmental assessment is to determine the:
Q65. The function of business responsible for the efficient use of employees and other resources (such as machinery) is:
Q66. If firms wish to avoid hiring during a temporary increase in production, they can offer ________ to existing employees.
Q67. ___________ are employees hired on something other than a full-time basis to supplement an organization’s permanent workforce.
Q68. Group of individuals working together to achieve shared job-related goals, such as higher pay, shorter working hours, more job security, greater benefits, or better working conditions is a:
Q69. Since they are closer to the production process, first line managers use their __________ skills more frequently.
Q70. Which of the following allows employees to set their own goals and determine the manner in which they accomplish their tasks?
Q71. All of the following are key factors that influence consumer preferences and the size of target market except:
Q72. Cameras, clothes, and household items are examples of products that exist in:
Q73. To develop new ideas for expanding their product lines, many firms have recently increased their investment in:
Q74. Products that are not branded by the producer or retailer are called:
Q75. Managers typically attempt to set a price that will maximize a firm’s:
Q76. The manner by which a firm’s products are made accessible to its customers is determined by its:
Q77. Marketing intermediaries that match buyers and sellers of products without becoming owners of the products themselves are known as:
Q78. All of the following are methods of promotion except:
Q79. The type of advertising that is used for grocery products such as cereals, peanuts, cooking oil, and tea is:
Q80. Which of the following sales promotion strategies provide a gift or prize to consumers who purchase a specific product?
Q81. A ___________ represents a series of tasks in which resources are used to produce a product or service.
Q82. The act of setting time periods for each task in the process is called:
Q83. A system that uses computers and telecommunication technology to share information across the organizational boundaries is known as ________ system.
Q84. Through ___________, firms achieve a lower average cost by producing large volume.
Q85. ________ is the management, technological, and production operations performed by the organization to convert inputs to outputs.
Q86. Comparing an organization’s processes and products to the world’s best and then matching or exceeding that quality is called:
Q87. The heart of a computer is its:
Q88. In typical network architecture, workstations are connected to a ________, which is a machine that stores and provides access to centralized data.
Q89. The exchange and comprehension of information is:
Q90. Modems, printers, keyboards, monitors, and scanners are examples of computer ________.
Q91. Which of the following is excluded from factors that can affect the business?
Q92. The function of business in which business man tries to find new techniques of production is
Q93. If Trade Receipts are grater then Trade Payments then Balance of Payments is _______
Q94. Which of the following is excluded from the advantages of Sole Proprietorship?
Q95. Which of the following is an advantage of sole proprietorship?
Q96. Which of the following is not among the benefits of Partnership Firm?
Q97. In partnership deed the profit & loss is distributed among the partners by the following ratio.
Q98. The company may raise its capital through which of the following sources:
Q99. Advantages of cooperative societies does not include
Q100. WTO was organized on _____________
Q101. A major disadvantage of corporate organization is
Q102. It is difficult to transfer to right of ownership is
Q103. Wages are paid for
Q104. Pakistan is exporting
Q105. Managers have ________ type of skills
Q106. The process of attracting the people for job
Q107. What is the method of on job training?
Q108. The liability of a sole trader is _________
Q109. Genetic industry means
Q110. The first stage Evolution business is?
Q111. When entrepreneurs establish a business, they must first decide on the form of:
Q112. Generally, in a limited partnership:
Q113. The “leading” function of management should be conducted in a manner that is consistent with firm’s:
Q114. The skills managers use to understand the relationships among the various tasks of the firm are:
Q115. The four functions of management:
Q116. Social interaction and acceptance by others are examples of:
Q117. When firms delegate more authority to their employees, this strategy is referred to as:
Q118. The process used to determine the tasks and the necessary credentials for a particular position is referred to as:
Q119. A ______ is an assignment to a higher level job with more responsibility and greater pay.
Q120. Products purchased by companies to produce other products are:
Showing the first 120 of 200 MCQs.