Fundamentals of Business Activities Test 9

Result

Fundamentals of Business Activities Test 9

Score
-
out of -
Rank
-
out of -

TIME Taken - -

SHARING IS CARING

If our Website helped you a little, then kindly spread our voice using Social Networks. Spread our word to your readers, friends, teachers, students & all those close ones who deserve to know what you know now.

Weekly Quiz Competition

Question 1
1 / -0

Which one of the following may NOT be a factor behind starting a business?

A
Routine workload

B
Size of the firm

C
Finance

D
Location of the business

Solution

Routine workload is not a factor which affects setting up of a business..
While a business cannot start without deciding the size of it ,its sources of finance or even its location. Therefore option A is the correct answer.
Question 2
1 / -0

The purposes of business that goes beyond earning profits___________.

A
Offering better quality of life

B
Contributing to the economic growth of the country

C
Creating job opportunities

D
All of above

Solution

The main purpose of the business is to earn profit apart from that there are various purposes of business which includes offering better quality of life to the customers, contributing to the economic growth of the country and creating job opportunities.
Question 3
1 / -0

Management qualifies all the tests of profession except __________.

A
dominance of service motive

B
need for learning and proper organisation

C
entry restricted on the basis of examination

D
systematic body of knowledge
Question 4
1 / -0

It is uncommon that a professional manager may ____________.

A
apply management theories

B
not be dynamic

C
be focussed

D
be creative
Question 5
1 / -0

_________ in any organization must have characteristics like skills, quality, high morale, commitment towards the work, attitude, etc.

A
Marketing Resources

B
Financial Factors

C
Human resource

D
All of above

Solution

Human resource are the people who make up the work force of an organisation. They must have characteristics like skills, quality, high morale, commitment towards the work, attitude etc which are essentials for reaching the organisational goals.
Question 6
1 / -0

These are the factors which influence the location of business __________.

A
labour

B
communication

C
suppliers

D
all of the above
Solution
Before you start a business, the location is important to point of concern. You should have a clear picture of what you have and what you want to have in the future. There are factors that influence the location of a business:
1. Labour
2. Communication
3. Suppliers
4. Competition, etc.
Hence, option D is correct.
Question 7
1 / -0

Which statement is wrong about a business plan?

A
Preparing business plan is a forward looking activity

B
Preparing business plan is useful only for big organisation

C
Business plan assist in periodical review of actual-results

D
Past data is useful in preparing business plan

Solution

As soon as a company initiates development strategy and planning activities, the time is right to start thinking about the creation of a business plan. Developing a business plan is an intense and time-consuming process and yet can have many significant benefits both for small as well as large enterprises.
Hence, option B is correct.
Question 8
1 / -0

Which of the following can be treated as characteristics of business organization?

A
All business enterprise engages in operation on a continuous basis.

B
Business undertakings are not exposed to any risk or uncertaintly.

C
A business firms are owned by one individual and not by a group of individuals jointly.

D
All of the above

Solution

A business organization is an entity formed for the purpose of carrying on commercial business, it is also an on-going process as the management starts the formation of the company and ends when the company dissolves. A business organization sets objectives for the management which is followed by planning for achieving those objectives. It is a continuous process that keeps ongoing.
Thus the correct answer is A.
Question 9
1 / -0

_______ is a prediction or estimation of future values of a variable like sales, demand, price, profits etc.

A
Planning

B
Decision making

C
Forecasting

D
None of above

Solution

Forecasting refers to predicting the imputed values of various economic variables like demand, supply etc. to develop premises for the economic plans for smooth conduct of production in the economy according to the plans that aims at achieving growth and development of the economy.
Question 10
1 / -0

Which of the following is a variant of the sample survey method?

A
Test Marketing

B
Experts' Opinion Poll

C
Delphi Technique

D
All of above

Solution

All three options are methods of collecting samples for a survey.

The test market method: It conducts live experiments (surveys) with random subjects to stimulate the actual market mix so as to judge the actual reactions from the customers about the product.

The Experts Opinion Poll: This method constructs a sample of experts on the matter of the survey. Thus the members of the sample space are limited to experts on the subject matter.

The Delphi Technique: The sample space again consists of experts who answer a questionnaire in two rounds.

User

Question Analysis

Correct -
Wrong -
Skipped -

My Perfomance

Score
-
out of -
Rank
-
out of -

Re-Attempt Weekly Quiz Competition

Fundamentals of Business Activities Test 9

Result

Fundamentals of Business Activities Test 9

Score

-

Rank

-

SHARING IS CARING

Question 1

Routine workload

Size of the firm

Finance

Location of the business

Solution

Question 2

Offering better quality of life

Contributing to the economic growth of the country

Creating job opportunities

All of above

Solution

Question 3

dominance of service motive

need for learning and proper organisation

entry restricted on the basis of examination

systematic body of knowledge

Question 4

apply management theories

not be dynamic

be focussed

be creative

Question 5

Marketing Resources

Financial Factors

Human resource

All of above

Solution

Question 6

labour

communication

suppliers

all of the above

Solution

Question 7

Preparing business plan is a forward looking activity

Preparing business plan is useful only for big organisation

Business plan assist in periodical review of actual-results

Past data is useful in preparing business plan

Solution

Question 8

All business enterprise engages in operation on a continuous basis.

Business undertakings are not exposed to any risk or uncertaintly.

A business firms are owned by one individual and not by a group of individuals jointly.

All of the above

Solution

Question 9

Planning

Decision making

Forecasting

None of above

Solution

Question 10

Test Marketing

Experts' Opinion Poll

Delphi Technique

All of above

Solution

User

Question Analysis

My Perfomance

Score

-

Rank

-

Results Announcement on: coming Monday

Stay Tuned: We’ll update you on your result via email or SMS.