Steps involved in Establishing Business Test 38

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Steps involved in Establishing Business Test 38

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Weekly Quiz Competition

Question 1
1 / -0

Vertical combination helps to _____________________.

A
Achieve economy by combining allied activities

B
Survive during the times of depression

C
Fight a common enemy

D
Add new product lines

Solution

Vertical combination helps to achieve economy by combining allied activities. It helps to facilitate continuous utilization of resources. Vertical combination or integration can be defined as the combination of different firms engaged in different processes for manufacturing a given product.
Question 2
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A 'Co-parcener' is one who is _________ .

A
An active member of a partnership

B
A member of a Joint Hindu Family Firm

C
A member of Joint Stock Company

D
A member of co-operative society
Question 3
1 / -0

The concept of _____ restricts the amount of money a person risks to what he invests in a business enterprise.

A
Expert assistance

B
Unlimited liability

C
Separate legal existence

D
Limited liability

Solution

The concept of limited liability restricts the amount of money a person risks to what she invests in a business enterprise. It means that the liability of each person is limited to the extent of his/her share in the business. Limited liability in simple terms, means that 'you risk what you put in'.
Question 4
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Transfer of business includes __________.

A
Sale

B
Lease

C
License

D
All the above

Solution

Option D is the correct answer.
Question 5
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It is true that.

A
formal organizations are the same as institution

B
formal organizations are based on groups of people

C
institutions are groups of people

D
institutions are voluntary

Solution

Option B is the correct answer.
Question 6
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The most numerous form of business ownership in the United States is the:

A
partnership

B
subchapter S corporation

C
sole survivorship

D
sole proprietorship

Solution

A Sole Proprietorship consists of one individual doing business. Sole Proprietorships are the most numerous form of business organization in the United States, however, they account for little in the way of aggregate business receipts.
Therefore, D is the correct answer.
Question 7
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Which one of the following is not a feature of Limited Liability Partnership firm?

A
Partners should be less than $$20$$

B
Partnership and management need not be separate

C
Internal governance may be decided by mutual agreement among partners

D
It is a corporate body with perpetual succession

Solution

Option A is the correct answer.
Question 8
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Model, in which produced unit doubles every time as cumulative average time per unit decreases, by a constant percentage can be classified as ____________________.

A
cumulative average time learning model

B
cumulative mean learning model

C
cumulative weighted learning model

D
cumulative average pricing model

Solution

Model, in which produced unit doubles every time as cumulative average time per unit decreases, by a constant percentage can be classified as cumulative average time learning model. The cumulative average time learning curve represents the fact that the time spent to increase the production at a double rate.
Question 9
1 / -0

The swap arrangement where principal amounts are not exchanged, but periodical payments will be a _______________.

A
Currency swap

B
Cross currency interest swap

C
Interest rate swap

D
Non-Financial swap

Solution

The swap arrangement where principal amounts are not exchanged, but periodical payments will be a interest rate swap. According to the finance terms, an interest rate swap can be referred to an interest rate derivative. It involves exchange of interest rates between two parties.
Question 10
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Limited liability partnership is ______

A
Non mutual agency

B
Hybrid form of business organization

C
Social & Environment concern

D
Public Sector

Solution

Limited liability partnership is a hybrid form of business organization as it has a mixture features of both partnership firm and company.
Hence, the correct option is B.

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Re-Attempt Weekly Quiz Competition

Steps involved in Establishing Business Test 38

Result

Steps involved in Establishing Business Test 38

Score

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Rank

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SHARING IS CARING

Question 1

Achieve economy by combining allied activities

Survive during the times of depression

Fight a common enemy

Add new product lines

Solution

Question 2

An active member of a partnership

A member of a Joint Hindu Family Firm

A member of Joint Stock Company

A member of co-operative society

Question 3

Expert assistance

Unlimited liability

Separate legal existence

Limited liability

Solution

Question 4

Sale

Lease

License

All the above

Solution

Question 5

formal organizations are the same as institution

formal organizations are based on groups of people

institutions are groups of people

institutions are voluntary

Solution

Question 6

partnership

subchapter S corporation

sole survivorship

sole proprietorship

Solution

Question 7

Partners should be less than $$20$$

Partnership and management need not be separate

Internal governance may be decided by mutual agreement among partners

It is a corporate body with perpetual succession

Solution

Question 8

cumulative average time learning model

cumulative mean learning model

cumulative weighted learning model

cumulative average pricing model

Solution

Question 9

Currency swap

Cross currency interest swap

Interest rate swap

Non-Financial swap

Solution

Question 10

Non mutual agency

Hybrid form of business organization

Social & Environment concern

Public Sector

Solution

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