CLASS 11 BUSINESS MCQ 2

Global enterprises have an impact on international economy. You are asked to identify the feature of global enterprises:

• Huge Capital resources

• Product Innovation

• Both Huge capital resources and Product Innovation

• None of the above

Giving reservation in jobs to specially-abled persons is the example of which business objective?

• Social Responsibility

• Innovation

• Market Standing

• Profit Earning

In terms of Tangibility, Goods are ________ and Services are ______.

• Tangible, Intangible

• Intangible, Tangible

• Tangible, Tangible

• Intangible, Intangible

Which of the following doesn't indicate the nature of services:

• Involvement

• Inseparability

• Indifference

• Intangibility

In order to meet social goals like improving the standard of living of weaker sections of the society, providing healthcare and hygienic conditions in slum areas, etc. which services are provided:

• Personal services

• Business services

• Social services

• None of the above

Which is the first stage in the formation of a company?

• Subscription of Capital

• Promotion

• Incorporation

• None of these

Which document is issued by a company to invite the public to subscribe for its securities?

• Prospectus

• Memorandum of Association (MOA)

• Article of Association (AOA)

• None of these

What is the minimum number of members required for a Joint Hindu Family Business?

• One

• Two

• Three

• Five

A partner neither contributes capital nor shares profits, does not even manages the affairs of the business but gives permission to use his name for the firm is known as_____

• Secret Partner

• Nominal Partner

• Partner by Estoppel

• Partner by holding out

Sole Proprietors have _________ liability

• Limited

• Unlimited

• Joint and Limited

• Joint and Unlimited