Tag: organization of commerce and management

Questions Related to organization of commerce and management

Technological improvements are similar to international trade since both ____________________.

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

  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

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Correct Option: A
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.

An operations strategy is created directly from the strategy ______________.

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

  1. Corporate strategy

  2. Marketing Strategy

  3. Business strategy

  4. Human resource strategy

Show answer
Correct Option: C
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.

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

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

  1. Advertising

  2. After-sale-Device

  3. Bench marking

  4. None of the above

Show answer
Correct Option: C
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.

ROI stands for ______________.

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

  1. Return On Investment

  2. Return On Internet

  3. Retyping Of Instruction

  4. Redesigning Of Interpreter

Show answer
Correct Option: A
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.

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

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

  1. Effective supervision

  2. Unity of direction

  3. Creative force

  4. Summarisation of all management functions

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Correct Option: C

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

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

  1. $5, 000, 000

  2. $3, 000, 000

  3. $2, 000, 000

  4. $1, 000, 000

Show answer
Correct Option: B

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

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

  1. Transferor Only

  2. Transferee Only

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

  4. Tax Liability Not transferrable

Show answer
Correct Option: C

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

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

  1. To give evidence

  2. Produce a document

  3. Produce any other thing in an enquiry

  4. All of the above

Show answer
Correct Option: D

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

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

  1. Purchasing power

  2. Maximum satisfaction

  3. Stimulation of want

  4. Income

Show answer
Correct Option: A
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).  

Motives are influenced by________.

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

  1. culture

  2. socio-economic background

  3. personality

  4. all of the above

Show answer
Correct Option: D
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