Public Private and Global Enterprises Test

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Public Private and Global Enterprises Test - 13

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Weekly Quiz Competition

Question 1
1 / -0

Who coined the term "globally integrated enterprise" in $$2006$$?

A
Bill gates

B
Sam Palmisano

C
Anil Ambani

D
Azim Premji

Solution

The globally integrated enterprise is a term coined in 2006 by Sam Palmisano, the then CEO of IBM corporation.
Question 2
1 / -0

Government Company refers to the company in which _______ per cent or more of the paid up capital is held by the government.

A
50

B
51

C
60

D
61

Solution

A government company is an organization where the investment goverment is more than 51% . There by the control and management lies in the hand of the government.
Question 3
1 / -0

Public enterprise is an autonomous or semiautonomous organisation.

A
True

B
False

C
Partly true

D
Partly false

Solution

Public enterprises are autonomous organisations. They frame their own policies and procedures within the powers assigned to them by the act. The Act may however provide few issues which require prior approval of a particular ministry which makes it semiautonomous organisations also.
Question 4
1 / -0

Which of the following entity is created under an Act of the Parliament or an Act of the State Legislature?

A
Statutory corporation

B
Government companies

C
Co-operative society

D
Limited Liability Partnership

Solution

Statutory corporations are public enterprises brought into existence by a Special Act of the Parliament. The Act defines its powers and functions, rules and regulations governing its employees and its relationship with government departments.It is a corporate person and has the capacity of acting in its own name.
Examples: Reserve Bank of India, State Bank of India, Life Insurance Corporation, Unit Trust of India, Employees State Insurance Corporation, Oil and Natural Gas Corporation etc examples of statutory corporations.
Question 5
1 / -0

Promotion of Global co-operation through an MNC is an advantage gained by _________.

A
home country

B
host country

C
both country

D
none of the above

Solution

Home Country in international compensation, this is the country upon which an expatriate's compensation is based. It is usually the expatriate's home country or the country in which the employee's headquarters is located.
Question 6
1 / -0

Which of the following are benefits of a joint venture form of company?

A
Increased resources and capacity

B
Access to new markets and distribution networks

C
Access to technology

D
All of the above

Solution

Joint ventures has various benefits. Joining hands with another adds too existing resources and capacity to grow and expand more quickly and efficiently. It also opens up a vast growing market and distribution channels. Advanced technology also adds to the effeciency and effectiveness.
Question 7
1 / -0

As there has been globalization of markets, the tastes and preferences of consumers world-wide are________.

A
converging upon a global norm

B
so different that they can be ignored by international organizations

C
being encouraged by multinational organizations to become increasingly similar

D
becoming similar to the tastes and preferences of American consumers

Solution

Some differences in tastes will always remain among people of different nations, but with the tremendous improvement in telecommunications, transportation, and travel, the cross-fertilization of cultures and convergence of tastes can only be expected to accelerate. Consumer preferences are considered one of the key parameters on basis of which marketing strategies are devised.
Question 8
1 / -0

The key elements of public enterprises are ______________.

A
recruitment & state control

B
recruitment & useful to various sectors

C
public accountability & state control

D
recruitment & public accountability

Solution

Public enterprises are autonomous or semi-autonomous corporations and companies established, owned and controlled by the state and engaged in industrial and commercial activities. The key elements of public enterprises are state control and Public accountability. These are managed by the government. In some cases government has started enterprises under its own departments. In other cases, government nominates persons to manage the undertakings. Even autonomous bodies are directly and indirectly controlled by the government departments. The primary aim of state enterprises is to provide service to the society. These enterprises are started with a service motive. A private entrepreneur will start a concern only if possibilities of earning profits exist but this is not the purpose of public enterprises.
Question 9
1 / -0

A ___________ means the special right given by a manufacturer or a parent organization to another individual or firm to sell to the formers product or service in a specified given area(s).

A
network marketing

B
agency

C
franchising

D
none of the above

Solution

Franchising is a form of business by which the owner (franchisor) of a product, service or method obtains distribution through affiliated dealers (franchisees). It gives a special right to another individual or firm to sell the products or services.
Question 10
1 / -0

Aim for MNCs drive is to ___________.

A
avoid trade barriers

B
meet different rules and regulations (avoid non-tariff barriers)

C
secure supplies of raw materials or markets

D
all of the above

Solution

Business enterprises wants to be international because it has many advantages. It avoids trade barriers which are the rules and regulations that regulates foreign trade and investment. Tarrif is the tax imposed by the government on the import and export of goods. MNC get some relaxation in these tarrifs. Secure, timely and cost effective supply of raw materials is the backbone of any enterprise. MNC can get easy access to the raw materials as it can set up operations where the raw materials are easily found which in turn reduces the production cost.

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Re-Attempt Weekly Quiz Competition

Public Private and Global Enterprises Test - 13

Result

Public Private and Global Enterprises Test - 13

Score

-

Rank

-

SHARING IS CARING

Question 1

Bill gates

Sam Palmisano

Anil Ambani

Azim Premji

Solution

Question 2

50

51

60

61

Solution

Question 3

True

False

Partly true

Partly false

Solution

Question 4

Statutory corporation

Government companies

Co-operative society

Limited Liability Partnership

Solution

Question 5

home country

host country

both country

none of the above

Solution

Question 6

Increased resources and capacity

Access to new markets and distribution networks

Access to technology

All of the above

Solution

Question 7

converging upon a global norm

so different that they can be ignored by international organizations

being encouraged by multinational organizations to become increasingly similar

becoming similar to the tastes and preferences of American consumers

Solution

Question 8

recruitment & state control

recruitment & useful to various sectors

public accountability & state control

recruitment & public accountability

Solution

Question 9

network marketing

agency

franchising

none of the above

Solution

Question 10

avoid trade barriers

meet different rules and regulations (avoid non-tariff barriers)

secure supplies of raw materials or markets

all of the above

Solution

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