MGT602 Quiz No 2 Solved Final Term || VuRank

MGT602 QUIZ NO 2 SOLVED 100% VERIFIED BY ADMIN (FINAL TERM SYLLABUS)

Q1: Entrance of new competitors into an exisitng market pops business ________ for existing entrepreneurs.

A) Strenghts

B) Threats (100% Correct)

C) Opportunities

D) Weekness

Q2: Which of the following is used for calculating the financial projections to assess the impact of different scenarios?

A) Inventory management program (100% Correct)

B) The Internet

C) Spreadsheet progarm

D) Graphics program

Q3: Coorporation has _______ Taxation system.

A) No

B) Triple

C) Single

D) Double (page 72) (100% Sure)

Q4: In USA Public Limited Companies may have _______ Director/s.

A) 1

B) 2

C) 3 (100% Correct)

D) 4

Q5: The members of the board should be carefully selected by considering which of the following criteria?

A) Select individuals who can work with a diverse group and will commit to the venture's

B) Select candidates who understand the market environment

C) Select candidates who will show good judgement in business decision making

D) All of the given options (100% Correct)

Q6: Which of the following is the backbone of financial plan?

A) Budgeting

B) Capital (page 58) (100% Correct)

C) Nature of the business

D) All of the given options

Q7: Consider a firm has fixed cost of Rs. 300,000, variable cost per unit of Rs. 2.5 and a selling price of Rs. 8, then the breakeven of firm will be:

A) 45, 454 units

B) 54, 545 units (100% Correct) B/E = FC/SP-VC

C) 42,434 units

D) 53, 535 units

Q8: Which of the following is frequently used for seasonal financing and build up inventories?

A) Character loan

B) Self liquidating loan (page 84) (100% Correct)

C) Long term loan

D) Installment loan

Q9: Which variable of the following is used by the entrepreneur to inform potential consumers about the product's avaliability or to educate the consumer?

A) Product

B) Price

C) Channel of distribution

D) Promotion (100% Correct)

Q10: In the breakeven formula, Selling Price - Variable Cost is called the _____________.

A) Breakeven point

B) Contribution margin (page 80) (100% Sure)

C) Leverage

D) Fixed cost