Drug Store and Business Management (DSBM) is an important subject added to the course curriculum of Pharmacy courses, as pharmacist is primarily involved in sale and purchase of drugs/medicines so he/she must need to adopt some profession and occupation. So business management for a drug store is equally important as the knowledge of drugs. This is the second practice test in DSBM. In this Practice test, we have selected some 30 important questions (MCQs) from the Subject drug store and business management (DSBM). This will helpful for diploma in pharmacy 2nd year students, B.pharmacy, competitive exams and also to gain basic knowledge of accounting and commerce.
DSBM – MCQs Based Practice Test #2 | D. Pharmacy 2nd Year
Score: 0 / 30
Questions
Q1. The term transactions in business referes to-
Transaction referes to transfer of goods. The buyer and seller often involved in the exchange of items of value such as goods, information, services and money.
Q2. Channel of distribution is zero level in-
zero level channels have no intermediates.
Q3. Type of relationship of street vendor is-
The trem itinerant retailer shall include person selling goods door to door as well as person selling goods from a mobile cart, trailer or similar devices.
Q4. OTC drugs are-
OTC drugs are over the counter medicines, sold directly to a consumer wothout a prescripton.
Q5. Safety stock is used for -
safety stock is also known as buffer stock and its is used in emergency to meet extra demands.
Q6. ICICI stands for -
ICICI stands for Industrial Credit and Investment Corporation of India.
Q7. Which one of the following will not apear as source of fund in flow statement?
Increase in working capital will not appear as source of fund in flow statement.
Q8. Inventories comprise of-
Inventory refers to the goods and material that a business holds for the ultimate purpose of resale/repair.
Q9. A leader who permits the members of the group to do whatever they want to do whatever they want to do may be classified into-
The Laissez - Faire leadership style is where all the rights and powers to make decision is fully given to the worker.
Q10. Advertisement and salesmanship help to remove the-
advertisement and salesmanship help to remove the unawareness.
Q11. Business is an-
Business is also known as Enterprise or a firm. It is an economic activity.
Q12. Partners who are neither entitled to take part in the management nor do they invest and get a share of profits are-
Silent partners do not involved in a business.
Q13. The oldest form of business organisation is-
Sole or single properietorship is considered as the simplest as well as the oldest form of business ownership.
Q14. The buying and selling of pharmaceuticals items for making profit is called-
Trading is the value added function of the economic process.
Q15. Warehousing is done to save-
Warehousing is done primarily to save place.
Q16. The maximum number of members in public limited company is-
There is no restriction for maximum number of members in a public limited company.
Q17. In a mail order business goods are sold on-
In a mail order business goods are sold on cash and it can be done exclusively from home.
Q18. Coding of items helps in-
coding of items helps in handling of store items.
Q19. The layout of drug store depends upon-
Schedule N includes list of minimum equipment for the efficient running of a pharmacy.
Q20. ABC analysis is based on-
ABC analysis is the business term used to define inventory chategorisation technique often used in material management. It is also known as selective inventory control. It depends on consumption value of materials.
Q21. Which of these data of marketing research is more reliable?
Marketing research is the process or set of process that link the consumers, customers and end users to the marketer through information. Primary data is more reliable for marketing research.
Q22. Location which attracts the customer for shopping may be termed as-
People are attracted to generative location for the purpose of shopping thus it generates business. E.g. shopping centers, out laying retail stores, full line department stores.
Q23. Bank provides finance to bussiness for-
finance deals with the allocation of assets. Bank provides finance to the business for various length of time.
Q24. Fixed rate of divident is given to-
Fixed rate of divident is given to preferance share holders.
Q25. Each transaction has double effect is shown by-
dual aspect concept also known as duality principle, it is a fundamental convention of accounting.
Q26. What is the role of shareholders in a company?
shareholders are the owners of the company. They have different percentage of ownership (share).
Q27. Plant and machinery will appear on-
In a balance sheet, plant and machinery are placed on the debit side.
Q28. Buying of items from foreign country is called-
Import is buying of items from foreign country.
Q29. Trial balance helps in preparing-
Trial balance checks the sum of debits against the sum of credits.
Q30. A chemist shop deals only in drugs so it is an example of-
Single line store is also known as speciality store.
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