Tag: organization of commerce and management

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Questions Related to organization of commerce and management

Multiple choice organization of commerce and management markets and marketing meaning, nature and importance of services introduction to services nature and types of services

Technological improvements are similar to international trade since both ____________________.

  1. increase the nation's aggregate Income

  2. reduce unemployment for all domestic markers

  3. neither helps in exports nor in imports

  4. make loss to nation
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Intentional trade has brought countries together. It involves technological improvements to cater to the needs of customers across the world. Such improvements help increase the nation's aggregate income.

Multiple choice organization of commerce and management markets and marketing meaning, nature and importance of services introduction to services nature and types of services

An operations strategy is created directly from the strategy ______________.

  1. Corporate strategy

  2. Marketing Strategy

  3. Business strategy

  4. Human resource strategy
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

An operations strategy is created directly from the business strategy. Operation strategy is associated with business strategy and it is a part of business strategy. It helps to maximize the efficiency of the organizational activities and minimize costs.

Multiple choice organization of commerce and management markets and marketing meaning, nature and importance of services introduction to services nature and types of services

The process of comparing the products and services with those of best in the industry to improve quality and performance is known as _____________.

  1. Advertising

  2. After-sale-Device

  3. Bench marking

  4. None of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The process of comparing the products and services with those of best in the industry to improve quality and performance is known as bench marking. Bench marking can be defined as a process of measuring performance of the company against other companies in the market. Bench marking is conducted to identify the internal opportunities which will lead to improvement in organizational objectives.

Multiple choice organization of commerce and management markets and marketing meaning, nature and importance of services introduction to services nature and types of services

ROI stands for ______________.

  1. Return On Investment

  2. Return On Internet

  3. Retyping Of Instruction

  4. Redesigning Of Interpreter
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

ROI stands for Return On Investment

"A performance measure used to evaluate the efficiency of an investment or to compare the efficiency of a number of different investments. To calculate ROI, the benefit (return) of an investment is divided by the cost of the investment; the result is expressed as a percentage or a ratio."

ROI stands for return on investment, which is a comparison of the profits generated to the money invested in a business or financial product. A negative ROI means the investment lost money, so you have less than you would have if you had simply done nothing with your assets.

Return on investment, or ROI, is the ratio of a profit or loss made in a fiscal year expressed in terms of an investment and shown as a percentage of increase or decrease in the value of the investment during the year in question. The basic formula for ROI is: ROI = Net Profit / Total Investment * 100.

ROI stands for Return On Investment. You can think of ROI as the actual 'worth' of your investment. Another way of seeing it, is that ROI is the money you get back from your invested money.

Multiple choice organization of commerce and management markets and marketing meaning, nature and importance of services introduction to services nature and types of services

Tick mark the correct answer.
Which one of the following may not necessarily be an advantage of co-ordination?

  1. Effective supervision

  2. Unity of direction

  3. Creative force

  4. Summarisation of all management functions
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Effective supervision, unity of direction, and the summarization of management functions are standard outcomes or requirements of coordination. Creative force is generally considered a separate aspect of leadership or innovation rather than a direct functional advantage of coordination.

Multiple choice organization of commerce and management markets and marketing meaning, nature and importance of services introduction to services nature and types of services

Number of units are 5000 and per unit price is $60, then flexible budget variable would be __________.

  1. $5, 000, 000

  2. $3, 000, 000

  3. $2, 000, 000

  4. $1, 000, 000
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A flexible budget variable is calculated by multiplying the number of units by the variable cost per unit. Here, 5000 units multiplied by $600 equals $3,000,000.

Multiple choice organization of commerce and management markets and marketing meaning, nature and importance of services introduction to services nature and types of services

The tax liability up to the date of transfer of business will be on _____________.

  1. Transferor Only

  2. Transferee Only

  3. Jointly and Severally liable by both the transferor and transferee

  4. Tax Liability Not transferrable
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

In business transfers, tax liabilities accrued up to the date of transfer are typically shared between the transferor and transferee to ensure the government is protected. Both parties are held jointly and severally liable for these dues.

Multiple choice organization of commerce and management markets and marketing meaning, nature and importance of services introduction to services nature and types of services

When can the proper officer issue summons to call upon a person?

  1. To give evidence

  2. Produce a document

  3. Produce any other thing in an enquiry

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Under relevant legal frameworks, a proper officer has the authority to issue a summons to any person whose attendance is considered necessary for giving evidence, producing documents, or providing other materials required for an official inquiry.

Multiple choice organization of commerce and management markets and marketing meaning, nature and importance of services introduction to services nature and types of services

The real determinant of buying in income and saving theory is?

  1. Purchasing power

  2. Maximum satisfaction

  3. Stimulation of want

  4. Income
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation
The real determinant of buying in income and saving theory is :- PURCHASING POWER. 
As Purchasing Power is dependent on disposable income, i.e. , income left after payment of tax and savings. 
Source :- Consumer behavior Theories,pdf. (Bangladehs Open University).  
Multiple choice organization of commerce and management markets and marketing meaning, nature and importance of services introduction to services nature and types of services

Motives are influenced by________.

  1. culture

  2. socio-economic background

  3. personality

  4. all of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Motives are influence by :-

According to Oxford dictionary, a motive is a reason for doing something, Also Motivations can be defined as the arising force behind all the actions of an individual. The influence of an individuals needs and dervies both haved a strong impact on the direction of their behavior where are highly dependent on culture, socio, economucal, political, geographical, personality and other ambitious in life.
Ans : - $(D)$ All the above