CAPITAL UNIVERSITY OF SCIENCE AND TECHNOLOGY

FACULTY OF MANAGEMENT AND SOCIAL SCIENCES

DEPARTMENT OF BUSINESS ADMINISTRATION
MBA PROFESSIONAL PROGRAM (June-2020)

QUIZ NO 01

QUESTION ANSWER

SUBMITTED TO

SIR DR S. M.M RAZA NAQVI

SUBMITTED BY

MUHAMMAD ISHFAQ BMBE183015

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QUESTION NO 1:
Define Competitiveness?
ANSWER:
Competitiveness is derived from the word compete. To compete means to strive for the same
object, position, or reward that another person is striving for.
Ability of a firm or a nation to offer product and services that meet the quality standards of the
local and world markets at prices that are competitive and provide adequate returns on the
sources employed or consumed in producing them.

QUESTIN NO 2:
Define Learning?

ANSWER:

Relatively permanent change in behavior potentiality that results from reinforced practice or
experience.

QUESTION NO 3:

Define Human Capital?

ANSWER:

The skills, knowledge, and experience possessed by an individual or population, viewed in terms
of their value or cost to an organization or country.

QUESTION NO 4:

Define Training and Define Development with examples?

ANSWER:

TRAINING:

Training is the action of teaching somebody a particular skill. It may also refer to the teaching of
a type of behavior. Training may apply to either humans or animals. It aims to improve a
person’s capacity, capability, performance, or productivity.

EXAMPLE:

Training is also the action of undertaking a course of exercise in preparation for, for example, a
sporting event. If I say “Mary will have to go into strict training,” I am referring to physical
exercise and the practice of specific skills. Perhaps she will train for a tennis or hockey match.

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DEVELOPMENT:

The systematic use of scientific and technical knowledge to meet specific objectives or
requirements.

EXAMPLE:

Pharmaceutical companies continue to enjoy massive profits at the expense of millions of

disadvantaged people who cannot afford the highly priced medications needed to treat their life-
threatening diseases.

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