T

1 Conversion of raw material into finished goods is the example

of_____________
A.Industry
B.Commerce
C.Foreign trade
D.Finance
2 Fishing and poultry is an example of _______
A.Genetic industry
B.Extractive industry
C.Constructive industry
D.Manufacturing industry
3 Roads and buildings are examples of _______
A.Genetic industry
B.Extractive industry
C.Constructive industry
D.Manufacturing industry
4 The second stage in Evolution of business is__________
A.Industrial revolution
B.Marketing Era
C.Entrepreneurship
D.Globalization
5 Inflation rate is included in__________
A.Economic factors
B.Legal factors
C.Demographic factors
D.Technological factors
6 Which of the following is excluded from factors that can affect the business?
A.Demographic Factors
B.Economic and social factors
C.Natural factors
D.None of the given options
7 Which of the following would generally have unlimited liability?
A.A limited partner in a partnership
B.A shareholder in a corporation
C.The owner of a sole proprietorship
D.A member in a limited liability company.
8 Which of the following statements is correct for a sole proprietorship?
A.The sole proprietor has limited liability.
B.The sole proprietor can easily dispose of their ownership position relative
to a shareholder in a corporation.
C.The sole proprietorship can be created more quickly than a corporation.
D.The owner of a sole proprietorship faces double taxation unlike the
partners in a partnership.
9 The formation of ___________does not requires any legal formality like
registration.
A.Company
B.Cooperative society
C.Partnership
D.Sole proprietorship
10 The limited partners in a limited partnership:
A.Are not taxed as if the partnership was a general partnership.
B.Have limited liability
C.Must be involved in the day to day management of the firm
D.None of the given options
11 The formation of __________does not requires any legal formality like
registration.
A.Company
B.Cooperative society
C.Partnership
D.Sole proprietorship