Professional Documents
Culture Documents
Legal and Buisness - 1
Legal and Buisness - 1
1. Which of the following are the major components of the internal environment of an organisation?
Which of the following are the major components of the internal environment of an organisation?
2 / 2 Marks Correct
Organisational Resources
Core Competencies
Organisational Capabilities
All of these
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2 / 2 Marks Correct
None of these
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0 / 2 Marks Incorrect
Offer + Acceptance
Offer + Promise
Acceptance + Consideration
Promise + Consideration
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2 / 2 Marks Correct
Only (i)
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5. Which of the following elements are mentioned in the definition of a valid contract?
Which of the following elements are mentioned in the definition of a valid contract?
2 / 2 Marks Correct
Lawful consideration
Capacity to contract
Lawful object
All of these
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6. A contract between two parties arises when there is no agreement but due to obligations created
by law it is called
A contract between two parties arises when there is no agreement but due to obligations created by law
it is called
2 / 2 Marks Correct
Unilateral contract
Executory contract
Implied contract
Quasi-contract
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7. Which of the following schools of law believes that laws are shaped by social forces and needs?
Which of the following schools of law believes that laws are shaped by social forces and needs?
2 / 2 Marks Correct
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2 / 2 Marks Correct
Walmart
Sharp Corporation
Sony
Intel
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9. The monetary value of all the finished goods and services produced within a country?s borders
in a specific time period is known as ________.
The monetary value of all the finished goods and services produced within a country?s borders in a
specific time period is known as ________.
2 / 2 Marks Correct
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10. Which of the following criteria is mentioned by Prahalad and Hamel for core competency?
Which of the following criteria is mentioned by Prahalad and Hamel for core competency?
0 / 2 Marks Incorrect
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11. The term ?________? is used instead of the term ?offer? in the Indian Contract Act 1872.
The term ?________? is used instead of the term ?offer? in the Indian Contract Act 1872.
2 / 2 Marks Correct
accessible
available
proposal
provide
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0 / 2 Marks Incorrect
To claim for all sums which he may have paid for contract
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13. An agreement if it is enforceable by Law at the option of one or more of the parties there to and
it is not enforceable by Law at the option of the other or others is called
An agreement if it is enforceable by Law at the option of one or more of the parties there to and it is not
enforceable by Law at the option of the other or others is called
2 / 2 Marks Correct
Reciprocal promise
Incomplete agreement
Voidable agreement
Void contract
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14. In India the Union Ministry of Law maintains a digital repository of all the central legislation
state legislation and legislation made for union territories. This repository is known as the
In India the Union Ministry of Law maintains a digital repository of all the central legislation state
legislation and legislation made for union territories. This repository is known as the
0 / 2 Marks Incorrect
Indian Acts
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0 / 2 Marks Incorrect
A promise
A Proposal
None of these
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