Free Emerging Modes of Business 03 Practice Test - 11th Grade - Commerce 

Question 1

Some individuals like to clear the payment once the goods have been received, which was purchased online. What kind of payment method is it? 

A.

Credit Card

B.

Debit Card

C.

Cash-on-Delivery 

D.

All of the above 

SOLUTION

Solution : C

Some individuals like to clear the payment once the goods have been received, which was purchased online.This is known as cash-on-delivery. 

Question 2

The cost of setting up an E-business is ___.

A.

Low

B.

High 

C.

Tough 

D.

Easy 

SOLUTION

Solution : A

The cost of setting up an E-business is low. 

Question 3

In traditional business, opportunity for physical pre-sampling of a product is ______________ to that of e-business. 

A.

less 

B.

nothing 

C.

much more

D.

none of the above

SOLUTION

Solution : C

In traditional business, opportunity for physical pre-sampling of a product is much more to that of e-business. 

Question 4

Use of the internet has considerably _________ dependence on paperwork and the attendant 'red tape'. 

A.

increased 

B.

little 

C.

few

D.

reduced

SOLUTION

Solution : D

Use of the internet has considerably reduced dependence on paperwork and the attendant 'red tape'. 

Question 5

___________________ refers to a long-term contracting out generally the non-core activities and of late even some of the core activities of a captive or third-party specialist with a view of benefitting from their experience, expertise, efficiency and even investment.

A.

Intellectual Property and Privacy 

B.

Outsourcing 

C.

Transaction risk 

D.

None of the above 

SOLUTION

Solution : B

Outsourcing refers to a long-term contracting out generally the non-core activities and of late even some of the core activities of a captive or third-party specialist with a view of benefitting from their experience, expertise, efficiency and even investment.

Question 6

The hired party service providers are the persons/firms which specialize in some processes such as Human Resource Management and hence provide their services to a wide base of clients, cutting across different industries. Such service providers are called __________. 

A.

Verticals 

B.

Horizontals

SOLUTION

Solution : B

The hired party service providers are the persons/firms which specialize in some processes such as Human Resource Management and hence provide their services to a wide base of clients, cutting across different industries. Such service providers are called horizontals.

Question 7

State True or False. Due to outsourcing, there has been an emergence of new categories groceries, healthcare etc. 

A.

True

B.

False

SOLUTION

Solution : A

True.  Due to outsourcing, there has been an emergence of new categories groceries, healthcare etc. There has been new opportunities in the market. 

Question 8

State True or False. India is a preferred destination for global outsourcing of research and development, manufacturing, software development and IT-enabled services. 

A.

True

B.

False

SOLUTION

Solution : A

True.  India is a preferred destination for global outsourcing of research and development, manufacturing, software development and IT-enabled services. It is due to the large-scale availability of required manpower which is at a low cost. 

Question 9

A trade association of software and service companies has come up with some major reasons behind India’s success in IT outsourcing industry is known as _______________________________. 

A.

National Association of Software and Services Companies

B.

National Corporation of Software and Services Companies

C.

National Associates of Software and Services Companies

D.

None of the above

SOLUTION

Solution : A

A trade association of software and service companies has come up with some major reasons behind India’s success in IT outsourcing industry is known as  National Association of Software and Services Companies

Question 10

Firm that outsource seek to __________ their costs. The try to get the most efficient manpower available. 

A.

lower

B.

higher

C.

medium

D.

none of the above

SOLUTION

Solution : A

Firm that outsources seek to lower their costs. The try to get the most efficient manpower available.