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Worksheets

The knowledge mine

Total questions: 20

Worksheet time: 15mins

Name
Class
Date
1.

Business firm Produce and supply wide varieties of goods and ______ required by the

society.

a)

Money

b)

Service

c)

Entities

d)

Social service

2.

The primary sector includes all the following except.

a)

Forestry

b)

Manufacturing

c)

Mining

d)

Agriculture

3.

______ is recruitment of right people at right place in an organization.

a)

Planning

b)

Organising

c)

Staffing

d)

Controlling

4.

The process of monitoring, comparing and correcting is called ______

a)

Coordinating

b)

Controlling

c)

Leading

d)

Organizing

5.

VAT and sales tax falls under __________

a)

Indirect tax

b)

Service tax

c)

Direct tax

d)

All of the above

6.

Value added tax (VAT) is a tax on ?

a)

An employee earning

b)

The organization profits

c)

The investment earnings

d)

Good and services

7.

_______ Skill is needed at the top level management.

a)

Technical

b)

Conceptual and technical

c)

Conceptual

d)

Conceptual, Technical and human

8.

Capital required by a company to purchase building for starting the company is called as

a)

Working capital

b)

Fixed capital

c)

Loan

d)

Dept

9.

Father of scientific management is

a)

Fedrick W. Tailor

b)

Arthur Dunkel

c)

Henry Fayol

d)

Robert owen

10.

Unlimited liability is present in

a)

Proprietorship

b)

Partnership

c)

Both a & b

d)

None of the above

11.

The dimensions of e-commerce that enables commerce across national boundaries is called

a)

Interactivity

b)

Global reach

c)

Richness

d)

Ubiquity

12.

The best products to sell in B2C e-commerce are

a)

Small products

b)

Digital products

c)

Specialty products

d)

Fresh products

13.

The concept of Goods and Services Tax (GST) is originated in………..

a)

Canada

b)

USA

c)

Britain

d)

Germany

14.

Which of the following tax will be abolished by the GST?

a)

Service Tax

b)

Corporation tax

c)

Income Tax

d)

Wealth Tax

15.

GST will be levied on………………..

a)

Manufacturers

b)

Retailers

c)

Consumers

d)

All of the above

16.

Custom Duty is charged on:-

a)

Vessels

b)

Currency

c)

Movable property

d)

All the above

17.

Which of the following is negative effect of the globalization?

a)

Monopoly in Business

b)

Increased job opportunities

c)

Technology transfer

18.

Capital required by a company to purchase building for staring the company is called as.

a)

Working capital

b)

Fixed capital

c)

Loan

d)

Debt

19.

Principles proposed by _____ are very useful for the contemporary managers to manage

their work efficiently effectively.

a)

Controlling

b)

Organising

c)

Directing

d)

Planning

20.

Fixed capital is required for

a)

Land

b)

Equipment and machinery

c)

Building

d)

All the above