MGT211 Current Quiz

Quiz Start Time: 10:38 AM Time Left 86 sec(s) Question # 1 of 15 ( Start time: 10:38:32 AM ) Total Marks: 1 In studying consumer behavior, it is often useful to categorize people on the basis of some similarity. Descriptions such as age, gender, income, or occupation are called: Demographics Psychographics Personal profiles Personality

Quiz Start Time: 10:38 AM Time Left 88 sec(s) Question # 2 of 15 ( Start time: 10:39:06 AM ) Total Marks: 1 Which of the following business form has the shortest life span? Sole proprietorship Partnership Company Co-operative society

Quiz Start Time: 10:38 AM Time Left 87 sec(s) Question # 3 of 15 ( Start time: 10:39:48 AM ) Total Marks: 1 The first stage in Evolution of business is: Industrial revolution Marketing Era Entrepreneurship Globalization

Quiz Start Time: 10:38 AM Time Left 87 sec(s) Question # 4 of 15 ( Start time: 10:40:25 AM ) Total Marks: 1 The formation of ____ does not require any legal formality like registration. Sole proprietorship Company Cooperative society Partnership

Quiz Start Time: 10:38 AM Time Left 83 sec(s) Question # 5 of 15 ( Start time: 10:41:02 AM ) Total Marks: 1 A market survey is important because it tells you: How many & what types of people are shopping at a store. Tells you what the customer will buy. Tells you how much the customer will pay for the product. All of the above.

Quiz Start Time: 10:38 AM Time Left 88 sec(s) Question # 6 of 15 ( Start time: 10:41:42 AM ) Total Marks: 1 The liabilty of a sole trader is: Limited only to his investment in the business Limited to the total resources of the business Unlimited Not defined

Quiz Start Time: 10:38 AM Time Left 76 sec(s) Question # 7 of 15 ( Start time: 10:42:29 AM ) Total Marks: 1 External forces are those that are: Controllable Non-controllable Simple to recognize None of the given options

Quiz Start Time: 10:38 AM Time Left 87 sec(s) Question # 8 of 15 ( Start time: 10:43:11 AM ) Total Marks: 1 The relationship between persons who have agreed to share the profits of a business carried on by all or any one of them acting for all is called: Partnership Sole proprietorship Co-operative society None of the above

Quiz Start Time: 10:38 AM Time Left 87 sec(s) Question # 9 of 15 ( Start time: 10:43:42 AM ) Total Marks: 1 New and revised products may be tested through: Commercialization Product life cycle Family brands Marketing research

Quiz Start Time: 10:38 AM Time Left 86 sec(s) Question # 10 of 15 ( Start time: 10:44:42 AM ) Total Marks: 1 The obtaining and investing funds by the firm is determined by the Finance function Marketing function Organizing function Accounting function

Quiz Start Time: 10:38 AM Time Left 89 sec(s) Question # 11 of 15 ( Start time: 10:45:25 AM ) Total Marks: 1 ________ refers to the standards of moral behavior. Legality Loyalty Integrity Ethics

Quiz Start Time: 10:38 AM Time Left 88 sec(s) Question # 12 of 15 ( Start time: 10:45:47 AM ) Total Marks: 1 All of the following except _________ are considered to be correct statements about marketing research. It is a systematic search for information about customers' needs and how those needs differ Marketing research is geared to uncover unmet consumer needs With market research, the chance product development will be able to create a product consumers want to buy increases Marketing research provides an inexpensive method for tracking consumer behavior

Quiz Start Time: 10:38 AM Time Left 87 sec(s) Question # 13 of 15 ( Start time: 10:46:49 AM ) Total Marks: 1 Which of the following is NOT a core function of management? Planning Organizing Motivating Leading

Quiz Start Time: 10:38 AM Time Left 89 sec(s) Question # 14 of 15 ( Start time: 10:47:22 AM ) Total Marks: 1 The law elating to Joint Stock Companies has been laid in companies Ordinance: 1984 1980 1932 none of the above

Quiz Start Time: 10:38 AM Time Left 88 sec(s) Question # 15 of 15 ( Start time: 10:47:46 AM ) Total Marks: 1 An aggregate of people who, as individuals, have needs for products in a product class and have the ability, willingness and authority to purchase such products is called a: Market segment Target market Customer group Market