Khan Bahadur Syed Allahando Shah Sindh University Campus Naushahro Feroze
MID TERM 1st Semester Examination of 2022
Class: BBA- Part-4 Department: Business Administration
Subject: BUSINESS POLICY
Date: 18/03/2022 Time: 1.00 Hour T. Marks. 30
Section-A Objectives
(1) Which Business is not an example of a franchisee? (a)McDonald’s (b) KFC (c)
Burger King (d) Federal Express
(2) A Company or individual who pays for the legal right to use the product, service or
format of another is called a ……………. (a)Franchisee (b) Franchisor (c)
Franchising (d) A.O.T
(3) When a company enters into a legal arrangement to allow its product, service or
business format to be used by others by others for a fee it is called ……..
(a) Franchisee (b) Franchisor (c) Franchising (d) A.O.T
(4) ………acts as a guide in decision making process. (a) Policy (b) Procedure (c)
Strategy (d) Governance
(5) …………..refers to the exchange of commodities and services for increasing profit.
(a) Policy (b) Strategy (c) Business (d) Management
(6) …………offers guidelines for managers to take appropriate decisions. (a) Business
policy (b) Strategic Management (c) Corporate Governance (d) Risk Management
(7) Which of these characteristics does not apply to partnership?
(a) Unlimited liabilities (b) Unlimited Life (c) Single Taxation (d) Dormant Partner
(8) A large organization with separate legal status is known as?
(a) Sole Proprietorship (b) Partnership (c) Company (d) A.O.T
(9) When British Airways merged with Spanish airline, what kind of merger was this?
(a) Vertical Merger (b) Horizontal Merger (c) Conglomerate (d) Acquisition
(10) In partnership, the age of minor partner is:
(a) 20 yrs (b) 18 yrs (c) 22 yrs (d) Below 18 years
Section-B Subjective
Attempt any two questions, each question carries equal marks.
Q1: Define Business policy and its features. Explain how strategy differs from policy?
Q2: Discuss Franchising Concept with examples. Elaborate the types of franchising?
Q3: How to Assess a Prospective franchise? What is involved in franchising?
Q4: What are the essentials of a good business policy?
MID TERM 1st Semester Examination of 2022
Class: BBA- Part-4 Department: Business Administration
Subject: BUSINESS POLICY
Date: 18/03/2022 Time: 1.00 Hour T. Marks. 30
Section-A Objectives
(1) Which Business is not an example of a franchisee? (a)McDonald’s (b) KFC (c)
Burger King (d) Federal Express
(2) A Company or individual who pays for the legal right to use the product, service or
format of another is called a ……………. (a)Franchisee (b) Franchisor (c)
Franchising (d) A.O.T
(3) When a company enters into a legal arrangement to allow its product, service or
business format to be used by others by others for a fee it is called ……..
(a) Franchisee (b) Franchisor (c) Franchising (d) A.O.T
(4) ………acts as a guide in decision making process. (a) Policy (b) Procedure (c)
Strategy (d) Governance
(5) …………..refers to the exchange of commodities and services for increasing profit.
(a) Policy (b) Strategy (c) Business (d) Management
(6) …………offers guidelines for managers to take appropriate decisions. (a) Business
policy (b) Strategic Management (c) Corporate Governance (d) Risk Management
(7) Which of these characteristics does not apply to partnership?
(a) Unlimited liabilities (b) Unlimited Life (c) Single Taxation (d) Dormant Partner
(8) A large organization with separate legal status is known as?
(a) Sole Proprietorship (b) Partnership (c) Company (d) A.O.T
(9) When British Airways merged with Spanish airline, what kind of merger was this?
(a) Vertical Merger (b) Horizontal Merger (c) Conglomerate (d) Acquisition
(10) In partnership, the age of minor partner is:
(a) 20 yrs (b) 18 yrs (c) 22 yrs (d) Below 18 years
Section-B Subjective
Attempt any two questions, each question carries equal marks.
Q1: Define Business policy and its features. Explain how strategy differs from policy?
Q2: Discuss Franchising Concept with examples. Elaborate the types of franchising?
Q3: How to Assess a Prospective franchise? What is involved in franchising?
Q4: What are the essentials of a good business policy?
