With whom would you associate the following quote” The business of business is business” ?

Related Mcqs:

1. Which business device involves the creation of a new business by two or more companies often for a limited period of time ?

   A. multinational corporation
   B. international joint venture
   C. horizontal merger
   D. vertical merger

2. When economists use the term real business cycle theory they are suggesting that business cycles are caused by ?

   A. Shifts in aggregate supply
   B. changes in export demand due to the state of the world economy
   C. business confidence
   D. business expectations

3. A tax which is paid by the person on whom the tax is incident is called a ?

   A. Local tax
   B. Indirect tax
   C. Direct tax
   D. Rate

4. According to Emerson: “Want is a growing giant whom the coat of Have was never large enough to cover.” According to economists, “Want” exceeds “Have” because:

   A. people are greedy
   B. productive resources are limited
   C. human beings are inherently insecure
   D. people are irrational

   Submitted by: Mansoor Ul Haque

5. Account is format banking, brokerage or business relationship established to provide for regular services. dealings and other financial transactions. Which of the following phenomenon(s) are also referred by term, Account ?

   A. A precise list or enumeration of financial transactions
   B. Money deposited for checking savings or breakage use
   C. A customer having business or credit relationship with a firm
   D. All of these

6. Beyond any mortgage thereon and liability therein, the residual value of a business or property is called equity. Which of the following are also included by term equity ?

   A. The market value of securities less any debt incurred and common stock and preferred stock
   B. Funds provided to a business by the sale of stock
   C. Both of them
   D. None of them

7. Traditionally companies have defined their business in product terms or in technological terms however mission statements should be all of the following EXCEPT ?

   A. market oriented
   B. a statement of religion
   C. motivating
   D. based on distinctive competencies

8. In a example discussed in your text Johnson & Johnson’s recall of their Tylenol product following the discovery that several bottles of Tyloenol had been laced with cyanide is consistent with which business philosophy ?

   A. The marketing concept
   B. The product concept
   C. The selling concept
   D. The societal marketing concept

9. All of the following are parts of the business cycle except ?

   A. boom
   B. slump
   C. recovery
   D. acceleration

10. Which of the following is TRUE about gender and business world ?

    A. There are more women than men in U.S business because of the aspirations of U.S girls
    B. There are relatively few women in U.S business partly because of female socialization
    C. LDC businesswomen have a better chance than men of getting credit from bankers and suppliers
    D. Businesswomen in India are viewed as naturally stronger, less emotional more socially adept and more rational than businessmen