Business Services Test

Result

Business Services Test - 15

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Weekly Quiz Competition

Question 1
1 / -0

_____________ services are the services uses used by business enterprises to conduct their activities.

A
Business

B
Social

C
Personal

D
All of the above

Solution

Business services are those services which are used by business enterprises for the conduct of their activities.
Social services are those services that are generally provided voluntarily in pursuit of certain social goals.
Personal services are those services which are experienced differently by different customers.
Question 2
1 / -0

Which one of the following statements concerning mercantile agents is NOT true?

A
Self - employed agents will not be classified as mercantile agents.

B
Agents engaged for a single transaction are unlikely to be classified as mercantile agents.

C
Agents involved in the provision to by goods will be classified as mercantile agents.

D
Agents that do not have power to negotiate on this principal's behalf will not be classified as mercantile agent.

Solution

Self - employed agents will not be classified as mercantile agents- this statement concerning mercantile agents is not true.A mercantile agent can be defined as one having authority in the course of business to sell goods or consign goods for the purpose of sale or to buy goods and even to raise money on the security of goods.
Question 3
1 / -0

An operation's strategy is created directly from the strategy ______________.

A
Corporate strategy

B
Marketing Strategy

C
Business strategy

D
Human resource strategy

Solution

An operation's strategy is created directly from the business strategy. Operation strategy is associated with business strategy, and it is a part of business strategy. It helps to maximize the efficiency of the organizational activities and minimize costs.
Question 4
1 / -0
Which of these statement(s) is/are true about a good objective?
1. A good objective should clarify the desired result.
2. Enable achievement to be measured.
3. Need not specify a time scale.
A
1 & 2

B
2

C
1

D
3

Solution

Objectives are laid down to achieve the desired results. A good objective formed should be clear, which is meaningful and understandable. While setting an objective, it should be ensured that the performance can be measured in monetary terms.
Question 5
1 / -0

Standing offer means purchasing of goods on _____________.

A
As and when basis

B
As and where basis

C
As and how basis

D
None of the above

Solution

Standing offer means purchasing of goods on as and where basis. A standing offer is not to be referred as any contract. A standing offer can be described as an offer from a potential supplier in order to provide goods and services. The prices and terms and conditions should get fixed at a beforehand in case of standing offer.
Question 6
1 / -0

Which of the following are a type of warehouse?

A
Private

B
Public

C
Bonded

D
All of the above

Solution

Private warehouses are operated, owned or leased by a company handling their own goods, such as retail chain stores or multi-brand multi-product companies.
Public warehouses can be used for storage of goods by traders, manufacturers or any member of the public after the payment of a storage fee or charges.
Bonded warehouses are licensed by the government to accept imported goods prior to payment of tax and customs duty.
Thus, all the three are types of warehouses.
Question 7
1 / -0

__________ warehouse divides the commodities stored into smaller quantities.

A
Consolidation

B
Break the bulk

C
Stock piling

D
Price stabilsation
Solution
Consolidation: In this function the warehouse receives and consolidates, materials/goods from different production plants and dispatches the same to a particular customer on a single transportation shipment.
Break the bulk: The warehouse performs the function of dividing the bulk quantity of goods received from the production plants into smaller quantities.
Stock piling: Warehousing is used for the seasonal storage of goods to select businesses. Goods or raw materials which are not required immediately for sale or manufacturing are stored in warehouses.
Price stabilization: By adjusting the supply of goods with the demand situation, warehousing performs the function of stabilizing prices.
Question 8
1 / -0

The purpose of strategy is to provide__________.

A
The strategic direction for an organization in the foreseeable future.

B
Direction and scope of an organization over the long term, which achieves advantage for an organization within a changing environment to meet the needs of markets.

C
Direction and scope of an organization over the long-term, which achieves advantage in a changing environment through its configuration of resources and competences with the aim of fulfilling stakeholder expectations.

D
A set of standards which all employees in an organization should strive to attain

Solution

The purpose of strategy is to provide direction and scope of an organization over the long-term, which achieves advantage in a changing environment through its configuration of resources and competences with the aim of fulfilling stakeholder expectations. Business strategy helps to increase the efficiency of the organizational activities and minimize costs.
Question 9
1 / -0

In order for promissory estoppel to arise, a number of requirements exist. Which of the following is NOT a requirement for promissory estoppel?

A
The promise must be made by clear words.

B
It must be inequitable for the promisor to go back on his promise.

C
The promisee must rely on the promise.

D
There must be a clear promise that legal rights will not be enforced.

Solution

In order for promissory estoppel to arise, a number of requirements exist. The promise must be made in clear words, is not a requirement for promissory estoppel. Promissory estoppel can be defined as a legal principle which is enforceable y law even if the promise is made without formal consideration.
Question 10
1 / -0

___________ is a satellite based media services provided by cellular service providers.

A
VSAT

B
DTH

C
Cellular mobile

D
All of the above

Solution

VSAT (Very Small Aperture Terminal) is a satellite-based communications service. It offers businesses and government agencies a highly flexible and reliable communication solution in both urban and rural areas.

DTH (Direct to Home) is again a satellite based media services provided by cellular companies. One can receive media services directly through a satellite with the help of a small dish antenna and a set top box.

Cellular mobile services are all types of mobile telecom services including voice and non-voice messages, data services and PCO services utilizing any type of network equipment within their service area.

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Re-Attempt Weekly Quiz Competition

Business Services Test - 15

Result

Business Services Test - 15

Score

-

Rank

-

SHARING IS CARING

Question 1

Business

Social

Personal

All of the above

Solution

Question 2

Self - employed agents will not be classified as mercantile agents.

Agents engaged for a single transaction are unlikely to be classified as mercantile agents.

Agents involved in the provision to by goods will be classified as mercantile agents.

Agents that do not have power to negotiate on this principal's behalf will not be classified as mercantile agent.

Solution

Question 3

Corporate strategy

Marketing Strategy

Business strategy

Human resource strategy

Solution

Question 4

1 & 2

2

1

3

Solution

Question 5

As and when basis

As and where basis

As and how basis

None of the above

Solution

Question 6

Private

Public

Bonded

All of the above

Solution

Question 7

Consolidation

Break the bulk

Stock piling

Price stabilsation

Solution

Question 8

The strategic direction for an organization in the foreseeable future.

Direction and scope of an organization over the long term, which achieves advantage for an organization within a changing environment to meet the needs of markets.

Direction and scope of an organization over the long-term, which achieves advantage in a changing environment through its configuration of resources and competences with the aim of fulfilling stakeholder expectations.

A set of standards which all employees in an organization should strive to attain

Solution

Question 9

The promise must be made by clear words.

It must be inequitable for the promisor to go back on his promise.

The promisee must rely on the promise.

There must be a clear promise that legal rights will not be enforced.

Solution

Question 10

VSAT

DTH

Cellular mobile

All of the above

Solution

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