Tag: organization of commerce and management

Questions Related to organization of commerce and management

KPO is claimed to efficiently increase productivity and increase cost savings in the area of market research.

organization of commerce and management employment opportunities in commerce franchising outsourcing and franchising employment opportunities in insurance sector and capital market

  1. True

  2. False

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Correct Option: A
Explanation:

True. 

Knowledge process outsourcing (KPO) is a form of outsourcing where Knowledge-related and information-related data is carried out by the workers of the contractual companies ( often the third party) or by a subsidiary of the same organisation. 
Since KPO deals in transmitting knowledge related information, it has increased productivity and cost of savings in the area of market research. 

Challenges faced by KPO companies include _______.

organization of commerce and management employment opportunities in commerce franchising outsourcing and franchising employment opportunities in insurance sector and capital market

  1. High staff turnover, especially where work is not challenging to the employee's skills

  2. High cost of training and tendency to lose the most experienced employees to the clients

  3. Ensuring the security and confidentiality of information, especially when privacy laws vary from country to country

  4. All of the above

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Correct Option: D
Explanation:

Knowledge process outsourcing (KPO) is a form of outsourcing where Knowledge-related and information-related data is carried out by the workers of the contractual companies ( often the third party) or by a subsidiary of the same organisation. 

The challenges faced by such form of outsourcing are:
1. Staff turnover due to unmatched skills 
2. High cost of training of employees
3. Lack of confidentiality of information

What is the most suitable situation for an entrepreneur to know that its product is going to sustain in the market?

organization of commerce and management entrepreneurship: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

  1. Value delivered = Customer's expectations

  2. Value delivered < Customer's expectations

  3. Value delivered > Customer's expectations

  4. None of the above

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Correct Option: C

Select the statement, which is not true for Entrepreneurs 

organization of commerce and management entrepreneurship: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

  1. They have leading power of quality

  2. They change the way businesses convent inputs into outputs.

  3. They apply innovative ideas.

  4. They generally stick to the processes already in use.

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Correct Option: D

What is central for enhancing the economic opportunity of nations & organizations.

organization of commerce and management entrepreneurship: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

  1. Entrepreneur

  2. Intrapreneur

  3. Manager

  4. None of the above.

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Correct Option: A

The Entrepreneur doing business within the national border is called. 

organization of commerce and management entrepreneurship: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

  1. International Entrepreneur.

  2. Intrapreneur.

  3. Domestic Entrepreneur

  4. Imports.

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Correct Option: C

Invariably the primary focus of Intrapreneur is on

organization of commerce and management entrepreneurship: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

  1. To move towards organizational success.

  2. To move towards personal success.

  3. To create opportunity for move money being independent

  4. Both a & b

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Correct Option: D

Which statement is not true of entrepreneurs?

organization of commerce and management entrepreneurship: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

  1. They apply innovative ideas.

  2. They take risks

  3. They change the way businesses convert inputs into outputs

  4. They generally stick to the processes already in use

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Correct Option: D

The Entrepreneur must possess the abilities:

organization of commerce and management entrepreneurship: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

  1. Creative

  2. Conceptualization

  3. Understanding environment

  4. All of the given options

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Correct Option: D

The primary reason Entrepreneurs start companies is to _____________.

organization of commerce and management entrepreneurship: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

  1. Recover form a layoff

  2. Create something new

  3. Make money

  4. Control their own lives.

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Correct Option: A