Business Management Knowledge And Trivia

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| By Managementguru1

Managementguru1

Community Contributor

Quizzes Created: 1 | Total Attempts: 624

Questions: 10 | Attempts: 625 | Updated: Nov 16, 2023

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Questions and Answers

1.

Name the business that Facebook bought for $19bn in 2014?
- A.
  
  FaceBook
- B.
  
  WhatsApp
- C.
  
  SnapChat
- D.
  
  SnapDeal
Correct Answer
B. WhatsApp

Explanation
In 2014, Facebook acquired WhatsApp for a whopping $19 billion. This purchase was a strategic move by Facebook to expand its reach in the messaging app market and gain access to WhatsApp's large user base. WhatsApp, a popular messaging platform, allows users to send text messages, make voice and video calls, and share media files. This acquisition helped Facebook strengthen its position in the social media industry and tap into the growing mobile messaging market.

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2.

Name the term used for depreciating a company's intangible assets?
- A.
  
  Amortization
- B.
  
  Accruals
- C.
  
  Appreciation
- D.
  
  Amalgamation
Correct Answer
A. Amortization

Explanation
Amortization is the correct answer because it refers to the process of gradually reducing the value of intangible assets over time. Intangible assets, such as patents, copyrights, and trademarks, are not physical in nature but still hold value for a company. Amortization allows companies to allocate the cost of these assets over their useful life, reflecting their diminishing value. This helps to accurately represent the asset's value on the company's financial statements. Accruals, appreciation, and amalgamation are not related to the depreciation of intangible assets, making them incorrect choices.

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3.

Which of the following taxes is a progressive tax?
- A.
  
  Sales Tax
- B.
  
  Income Tax
- C.
  
  Value Added Tax
- D.
  
  Service Tax
Correct Answer
B. Income Tax

Explanation
Income tax is a progressive tax because it is based on the taxpayer's income level. The tax rate increases as the income increases, resulting in higher-income individuals paying a higher percentage of their income in taxes compared to lower-income individuals. This progressive nature of income tax helps to redistribute wealth and promote a more equitable tax system.

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4.

Which Non-Banking Financial Company (NBFC) got in-principal approval from the Reserve Bank of India (RBI) for establishing as well as operating White Label ATMs (WLAs) in the last week of June 2013?
- A.
  
  USB Financial Corporation
- B.
  
  Muthoot Finance
- C.
  
  Esccort Finance Ltd.,
- D.
  
  Mahindra and Mahindra Financial Sevices
Correct Answer
B. Muthoot Finance

Explanation
Muthoot Finance received in-principal approval from the Reserve Bank of India (RBI) for establishing and operating White Label ATMs (WLAs) in the last week of June 2013. This indicates that Muthoot Finance was given permission by the RBI to set up and operate ATMs under its own brand name, providing banking services to customers without being a traditional bank.

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5.

What does appreciation mean?
- A.
  
  Current Assets.
- B.
  
  The measure of a continued rise in the worth of an asset.
- C.
  
  The decrease in value of an asset over time.
- D.
  
  Current Liabilities
Correct Answer
B. The measure of a continued rise in the worth of an asset.

Explanation
Appreciation refers to the measure of a continued rise in the worth of an asset. It indicates that the value of the asset is increasing over time. This can be observed in various types of assets such as real estate, stocks, or collectibles. Appreciation is a positive indicator as it signifies that the asset is becoming more valuable and can potentially generate higher returns in the future.

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6.

Name the Walmart India Head who resigned from the retail giant on 26 June, 2013?
- A.
  
  Ramnik Narsey
- B.
  
  Raj Jain
- C.
  
  Rob Walton
- D.
  
  Mike Duke
Correct Answer
B. Raj Jain

Explanation
Raj Jain is the correct answer because he resigned from Walmart India on 26 June, 2013.

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7.

What is income?
- A.
  
  Principal of a loan.
- B.
  
  The date on which a loan must be paid back in full.
- C.
  
  Money received as a result of business activity; a financial gain
- D.
  
  Accounts Payable
Correct Answer
C. Money received as a result of business activity; a financial gain

Explanation
Income refers to the money received as a result of business activity, which represents a financial gain. It includes the revenue generated from selling goods or services, as well as any other sources of earnings such as rent, interest, or dividends. Income is a crucial component in determining an individual's or a company's financial status and is often subject to taxation.

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8.

US coffee giant STARBUCKS opened their India's first Starbucks coffee outlet in which city, in 2012?
- A.
  
  Hyderabad
- B.
  
  Bangalore
- C.
  
  Mumbai
- D.
  
  Newdelhi
Correct Answer
C. Mumbai

Explanation
In 2012, Starbucks opened its first coffee outlet in India in the city of Mumbai. This expansion into Mumbai marked the company's entrance into the Indian market and was a significant milestone for Starbucks in its global growth strategy. Mumbai, being one of the major cities in India, provided a prime location for Starbucks to establish its presence and cater to the growing coffee culture in the country.

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9.

If a manager develops a new idea or a product in his workplace then he is called as?
- A.
  
  Disturbance Handler
- B.
  
  Entrepreneur
- C.
  
  Liaison
- D.
  
  Disseminator
Correct Answer
B. Entrepreneur

Explanation
An entrepreneur is someone who takes initiative and risks to develop new ideas or products in the workplace. They are known for their innovation and ability to identify opportunities for growth and improvement. In this context, a manager who develops a new idea or product can be considered an entrepreneur as they are taking on the challenge of introducing something new and potentially disruptive to the organization.

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10.

Scheduling is a part of Strategic Management..
- A.
  
  True
- B.
  
  False
Correct Answer
B. False

Explanation
Scheduling is not a part of Strategic Management. Strategic Management involves the formulation and implementation of long-term goals and initiatives for an organization, while scheduling refers to the process of planning and organizing specific activities and tasks within a given timeframe. Although scheduling may be an important aspect of operational management, it is not directly related to the strategic decision-making process involved in Strategic Management. Therefore, the correct answer is False.

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Current Version
Nov 16, 2023

Quiz Edited by
ProProfs Editorial Team
Jan 02, 2015

Quiz Created by
Managementguru1

Business Management Knowledge And Trivia

Name the business that Facebook bought for $19bn in 2014?

Name the term used for depreciating a company's intangible assets?

Which of the following taxes is a progressive tax?

Which Non-Banking Financial Company (NBFC) got in-principal approval from the Reserve Bank of India (RBI) for establishing as well as operating White Label ATMs (WLAs) in the last week of June 2013?

What does appreciation mean?

Name the Walmart India Head who resigned from the retail giant on 26 June, 2013?

What is income?

US coffee giant STARBUCKS opened their India's first Starbucks coffee outlet in which city, in 2012?

If a manager develops a new idea or a product in his workplace then he is called as?

Scheduling is a part of Strategic Management..