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WorksheetsCA FOUNDATION BCK CHAP 1 & 2
Total questions: 50
Worksheet time: 25mins
Name
Class
Date
1.
Non-economic activities do not include
a)
Affection & love for family
b)
Passion about some hobby
c)
Emotional Reasons
d)
Livelihood Motive
2.
Maximum number of member in a Private company
a)
50
b)
100
c)
150
d)
200
3.
LLP makes a hybrid form of business organization ie containing the features of both
a)
The Corporate forms as well as HUF form
b)
The Corporate forms as well as partnership form
c)
The Corporate forms only
d)
The Corporate forms as well as proprietary form
4.
NGOs stands for
a)
Non-Good organization
b)
Non-Government Organization
c)
Non-Great Organization
d)
Non-Government Origin
5.
The maximum partners can be in a partnership business
a)
10
b)
50
c)
15
d)
No Limit
6.
Which of the following a features of Joint stock company
a)
Perpetual succession even all its members die
b)
Jointstock company has a separate legal entity
c)
Public Limited company has no limit of membership
d)
all of the above
7.
Non-Economic activities are driven by
a)
emotional
b)
sentimental reasons
c)
altruism
d)
all of the above
8.
Income earned by letting out property is called
a)
interest earning
b)
earned income
c)
property income
d)
none of these
9.
Unspent income comprises
a)
investment
b)
wealith
c)
saving
d)
none of these
10.
In broader perspective business may be defined as spectrum of
a)
production
b)
distribution
c)
trading of goods and services
d)
all of the above
11.
______is rendering of service of a specialised nature with prescribed qualification for a fee
a)
employment
b)
professional
c)
independent
d)
none
12.
Source of livelihood "wages and salaries'
a)
employment
b)
professional
c)
business
d)
none
13.
No prescribed qualification is required
a)
employment
b)
professional
c)
business
d)
none
14.
"Substantial investment is required"
a)
employment
b)
professional
c)
business
d)
none
15.
"Transfer of interest/succession is possible"
a)
employment
b)
professional
c)
business
d)
none
16.
"It is the value of goods and services produced in the a country during a particular period"
a)
GNP
b)
GDP
c)
economic
d)
growth
17.
Autonomy of being one's own boss:-
a)
Sole proprietorship
b)
HUF
c)
Partnership
d)
LLP
18.
Minimum members 2 and maximum 200
a)
sole proprietorship
b)
Private company,
c)
Public company
d)
LLP
19.
The family members are the automatic co-owners (called coparceners) by birth
a)
Sole proprietorship
b)
HUF
c)
Partnership
d)
LLP
20.
Fate as a concern going concern-enduring life of business in the foreseeable future
a)
Sole proprietorship
b)
HUF
c)
Partnership
d)
LLP
21.
HUF cannot comprise members of a
a)
Hindu & Sikh family
b)
Parsi family
c)
Buddhist family
d)
Muslim family
22.
Actions seek to enhance the organisations performance by establishing a competitive advantage over its Rivals is known as
a)
Administrative response
b)
Competitive response
c)
Collective response
d)
None
23.
_________ can be the process by which organisations monitor their relevant environment to identify opportunities and threats
a)
Environmental analysis
b)
Business Environment
c)
Environmental scanning
d)
Micro environment
24.
An effective organizational strategy, therefore is one that capitalizes on the opportunities through the use of strengths and neutralizes the-
a)
Opportunities
b)
Threats
c)
Strengths
d)
None
25.
In the PESTLE frame work for environment analysis what does the letter T stand for
a)
Technical
b)
Technological
c)
Term
d)
Tenure
26.
Which of Element is a macro environment
a)
Customer
b)
Market
c)
Competitors
d)
Government
27.
Economic resources, the level of income economics policies are example of
a)
Demographic Environment
b)
Political Environment
c)
Economic Environment
d)
Global Environment
28.
Which of these element are not of macro environment
a)
Political Environment
b)
Economic Environment
c)
Social Environment
d)
Competitors
29.
Study of human population is called as environment
a)
political
b)
demographic
c)
global
d)
economic
30.
Which of the following is not characteristic least resistance strategic response:
a)
simple goal maintaining
b)
passive approach
c)
dynamic
d)
all of the above
31.
Process of strategy formulation starts with:
a)
appraisal of external environment of the organisation
b)
performance analysis
c)
choice of strategy
d)
none of the above
32.
Relationship between organisation and environment can be described through:
a)
exchange of information
b)
exchange of resources
c)
exchange of influence and power
d)
all of the above
33.
All are elements of micro environment except :
a)
consumer
b)
suppliers
c)
competitors
d)
society
34.
The term PESTLE analysis is used to describe a framework of analyzing:
a)
macro environment
b)
micro environment
c)
both macro and micro environment
d)
none of the above
35.
A company must have capabilities
a)
the ability to prosper and
b)
the ability to change
c)
both (a) and (b)
d)
none of the above
36.
Business environment represents all external forces, factors or conditions that exert some degree of impact on the
a)
business decisions
b)
strategies
c)
actions taken by the firm
d)
all of the above
37.
These Factors comes under which Macro Environmental Factor " Laws, Employment Law, Competition Law, Health & Safety Law, International Treaty and Law "
a)
POLITICAL
b)
ECONOMIC
c)
SOCIAL
d)
LEGAL
38.
The environment consists of a number of factor events, conditions and influences arising from different sources
a)
complex
b)
dynamic
c)
multi faceted
d)
far reaching impact
39.
It helps the firms to analyse the competitors; strategies and formulate their own strategies accordingly
a)
determining opportunities and threats
b)
giving direction for growth
c)
meeting competition
d)
image building
40.
The organizations receives inputs- finance, materials, manpower, equipment etc
a)
exchange of information
b)
exchange of resources
c)
exchange of influence and power
d)
none of these
41.
The resources are often categorised as 5 M's men,money, method, machine, material
a)
exchange of information
b)
exchange of resources
c)
exchange of influence and power
d)
none of these
42.
These include the formations or clarification of the organization's mission; the development of obiectives, policies and budgets; or the creation of scanning units
a)
administrative response
b)
competitive response
c)
collective response
d)
none of these
43.
To sustain competitive advantage, organization must achieve an external position vis-d-vis their competitors or pertorm internally in ways that are unique, valuable and difficult to imitate
a)
administrative response
b)
competitive response
c)
collective response
d)
none of these.
44.
It help control interdependencies among organization and include such methods as bargaining, contracting, co-opting and creating joint ventures, federations, strategic alliances and consortia
a)
administrative response
b)
competitive response
c)
collective response
d)
none of these.
45.
"The aim of business is to create and retain customer”
a)
Peter Drucker
b)
Fedrric
c)
Marshal
d)
Magginum
46.
Competition shapes
a)
business
b)
profit
c)
forecasting
d)
organisation
47.
Which is not likely to influence an organization
a)
Owners
b)
Board of Directions
c)
Employees
d)
Surroundings
48.
The marketer should study the trends and development and the key success factors of the market he is operating, which one is not the factor
a)
Cost structure of the market
b)
The price sensitivity of the market
c)
Technological structure of the market
d)
The market is immature
49.
This reflects the changes in the ethnic make-up of a population and has implications both for a company's potential customers and for the workforce
a)
Population size
b)
Geographic distribution
c)
Ethic mix
d)
Income distribution
50.
________refers to the nature and direction of the economy in which a company competes or may compete
a)
Economic environment
b)
Fiscal environment
c)
Industrial environment
d)
Export environment
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