Joint Stock Company Test 10

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Joint Stock Company Test 10

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Question 1
1 / -0

Which is the first step in the process of Contract Manufacturing?

A
Contract manufacturer manufactures and reports progress to the original equipment manufacturer

B
Customer places a sales order

C
Product shipped on the customer's request.

D
Manufacturing is outsourced partially to a contract manufacturer.

Solution

A contract manufacturer is a manufacturer that contracts with a firm for components or products. It is a form of outsourcing. A contract manufacturer performing packaging operations is called co packer or a contract packager.
Question 2
1 / -0

Contract manufacturing is a business process in which an organization known as ____________ outsources manufacturing to another organization.

A
Contract Manufacturer

B
Original Equipment Manufacturer (OEM)

C
Order Manager

D
None of the above

Solution

OEM (pronounced as separate letters) is short for original equipment manufacturer, which is a somewhat misleading term used to describe acompany that has a special relationship with computer and IT producers. OEMs are manufacturers who resell another company's product under their own name and branding.
Question 3
1 / -0

Which of the following industry(ies) is/are example(s) of Contract Manufacturing?

A
Defense

B
Medical

C
Telecommunications

D
All of the above

Solution

Contract manufacturing is an approach to international marketing in which a business pays, a foreign business to manufacture its product and market it in a foreign country, under the domestic businesses' name. For example, Nike use contract manufacturers in South East Asia to produce their sporting goods.
Question 4
1 / -0

Which of the following is/are the advantage(s) of contract manufacturing?

A
There is hardly any investment risk involved in the foreign countries.

B
It helps international firms in getting products manufactured or assembled at lower costs.

C
Local producers in foreign countries also gain from contract manufacturing.

D
All of the above

Solution

A contract manufacturing company may offer significant cost advantages over an organization's internal production facilities. Because contract manufacturing companies will specialize in developing certain kinds of products, it can start a high-volume production line while implementing all of its' cost-saving measures.
Question 5
1 / -0

_________ is one form of outsourcing that allows companies to improve their production capability, get new services they cant manufacture themselves or reduce their production costs.

A
Export

B
Import

C
Contract manufacturing

D
None of the above

Solution

A contract manufacturing company may offer significant cost advantages over an organization's internal production facilities.Because contract manufacturing companies will specialize in developing certain kinds of products, it can start a high-volume production line while implementing all of its' cost saving measures
Question 6
1 / -0

Which clause of MoA explains the powers and restrictions of a corporation?

A
Name clause

B
Objective clause

C
Liability clause

D
Domicile clause

Solution

The objectives clause is one of the clauses of the Memorandum of Association. It contains the main objective and power of the company. This clause defines the scope and limitation of the activities of the company.
Question 7
1 / -0

The company that hires the contract manufacturer should keep in mind that the manufacturer has other customers. This is identified from which of the following limitations?

A
Lack of Control

B
Relationships

C
Quality Concern

D
Capacity Concerns
Question 8
1 / -0

In $$1981, 7$$ engineers in Pune , Founded the following company

A
L & T

B
Infosys

C
Wipro

D
TCS

Solution

A) L & T: Larsen & Toubro Limited, (L & T) is founded on $$7^{th}$$ February $$1983$$.
Founders of L & T are Henning Holck-Larsen and Soren Kristian Toubro.

B) Infosys: Infosys is founded on $$7^{th}$$ July $$1981$$.
Infosys was founded by $$7$$ Engineers
1) N.R Narayana Murthy
2) Nandan Nilekani
3) S. Gopala Krishnan
4) S.D. Shibulal
5) K. Dinesh
6) N.S. Raghavan
7) Ashok Arora.

C) Wipro: Wipro is founded on $$29^{th}$$ December $$1945$$ founder of Wipro is Mohamed Premji.

D) TCS: Tata Consultancy Services (TCS) is founded in $$1968$$. Founder of TCS Tata Sons.

So, from the above we can say that, In $$1981, 7$$ engineers in Pune founded Infosys.

$$\therefore $$ Option B. Infoysys is correct answer.
Question 9
1 / -0

Which document is an invitation to general public to subscribe to the securities of a company?

A
MoA

B
AoA

C
Prospectus

D
Certificate of Incorporation

Solution

According to the Companies Act, 2013, 'a prospectus is any document (including any notice, circular, advertisement, or other documents) that invites deposits or offers from the public for the subscription or purchase of any shares or debentures of a body corporate.'
Question 10
1 / -0

_____________ is known as the outsourcing of the production process, wholly or partially, to focus on core competencies.

A
Licensing

B
Franchising

C
Contract manufacturing

D
Joint Venture

Solution

Contract manufacturing refers to a type of international business where a firm enters into a contract with one or a few local manufacturers in foreign countries to get certain components or goods produced as per its specifications. It helps firms to focus on marketing activities and outsource the work of manufacturing.
Hence, option (C) is the correct answer.

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Joint Stock Company Test 10

Result

Joint Stock Company Test 10

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SHARING IS CARING

Question 1

Contract manufacturer manufactures and reports progress to the original equipment manufacturer

Customer places a sales order

Product shipped on the customer's request.

Manufacturing is outsourced partially to a contract manufacturer.

Solution

Question 2

Contract Manufacturer

Original Equipment Manufacturer (OEM)

Order Manager

None of the above

Solution

Question 3

Defense

Medical

Telecommunications

All of the above

Solution

Question 4

There is hardly any investment risk involved in the foreign countries.

It helps international firms in getting products manufactured or assembled at lower costs.

Local producers in foreign countries also gain from contract manufacturing.

All of the above

Solution

Question 5

Export

Import

Contract manufacturing

None of the above

Solution

Question 6

Name clause

Objective clause

Liability clause

Domicile clause

Solution

Question 7

Lack of Control

Relationships

Quality Concern

Capacity Concerns

Question 8

L & T

Infosys

Wipro

TCS

Solution

Question 9

MoA

AoA

Prospectus

Certificate of Incorporation

Solution

Question 10

Licensing

Franchising

Contract manufacturing

Joint Venture

Solution

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