Mcqs : Emerging Modes of Business**

 Business**

1. Emerging modes of business refer to:

   - A) New types of physical stores

   - B) New methods of conducting business (Correct Answer)

   - C) Traditional brick-and-mortar businesses

2. The primary driver behind emerging modes of business is:

   - A) Global warming

   - B) Technological advancements (Correct Answer)

   - C) Urbanization

3. E-business is conducted:

   - A) Face-to-face

   - B) Over the internet (Correct Answer)

   - C) In physical markets

4. E-business involves:

   - A) Buying and selling only physical products

   - B) Buying, selling, and providing services online (Correct Answer)

   - C) Exclusively providing consulting services

5. The scope of e-business includes:

   - A) Selling products only

   - B) Facilitating transactions and communication (Correct Answer)

   - C) Manufacturing products

6. Which of the following activities is part of e-business?

   - A) Manufacturing goods

   - B) Online customer support (Correct Answer)

   - C) Packaging goods

7. A key difference between e-business and traditional business is:

   - A) Location dependence (Correct Answer)

   - B) Product variety

   - C) Customer relations

8. E-business is preferred over traditional business for:

   - A) More personal customer interactions

   - B) Lower operating costs (Correct Answer)

   - C) Limited market reach

9. Which of the following is true about traditional business?

   - A) It operates without geographical limitations

   - B) It relies on physical stores and direct interactions (Correct Answer)

   - C) It is conducted solely online

10. E-business allows for:

   - A) Limited working hours

   - B) 24/7 availability (Correct Answer)

   - C) Physical presence for transactions

11. Traditional businesses typically involve:

   - A) High operating costs (Correct Answer)

   - B) Low infrastructure requirements

   - C) No customer interaction

12. Outsourcing refers to:

   - A) Performing all business functions internally

   - B) Hiring external firms to perform certain functions (Correct Answer)

   - C) Selling business assets

13. A common example of outsourcing is:

   - A) Customer support services (Correct Answer)

   - B) Production management

   - C) Corporate governance

14. Outsourcing is mainly done to:

   - A) Increase operational costs

   - B) Focus on core competencies (Correct Answer)

   - C) Lose control over the business

15. Which is not an advantage of outsourcing?

   - A) Access to expertise

   - B) Higher operational control (Correct Answer)

   - C) Cost reduction

16. KPO stands for:

   - A) Knowledge Process Outsourcing (Correct Answer)

   - B) Key Process Optimization

   - C) Knowledge Priority Outsourcing

17. KPO focuses on:

   - A) Basic routine tasks

   - B) High-level specialized knowledge (Correct Answer)

   - C) Simple manufacturing processes

18. An example of KPO is:

   - A) Call center services

   - B) Research and development (Correct Answer)

   - C) Packaging

19. KPO services require:

   - A) Generalized skill sets

   - B) Specialized expertise and knowledge (Correct Answer)

   - C) Physical infrastructure

20. KPO is primarily beneficial for:

   - A) Reducing labor costs

   - B) Accessing strategic insights (Correct Answer)

   - C) Short-term profits

21. E-business and KPO are different because:

   - A) KPO involves physical products

   - B) E-business focuses on online sales, while KPO deals with specialized knowledge (Correct Answer)

   - C) Both rely on routine tasks

22. Which of the following is not part of KPO?

   - A) Data analysis

   - B) Customer order fulfillment (Correct Answer)

   - C) Financial consultancy

23. KPO services are generally more:

   - A) Transaction-based

   - B) Knowledge-intensive (Correct Answer)

   - C) Labor-intensive

24. E-business enables:

   - A) Personalized customer interactions

   - B) Wider customer reach online (Correct Answer)

   - C) Specialized consulting services

25. KPO involves industries like:

   - A) Retail

   - B) Legal, finance, and healthcare (Correct Answer)

   - C) Hospitality

26. A major reason for the rise in KPO is:

   - A) Global competition

   - B) Increasing demand for specialized knowledge (Correct Answer)

   - C) Decline in traditional businesses

27. Outsourcing helps businesses to:

   - A) Manage all operations in-house

   - B) Focus on strategic growth (Correct Answer)

   - C) Reduce employee count

28. India is a hub for KPO due to:

   - A) Cheap labor

   - B) Availability of highly skilled professionals (Correct Answer)

   - C) Free trade agreements

29. One disadvantage of outsourcing is:

   - A) Access to global expertise

   - B) Loss of control over outsourced functions (Correct Answer)

   - C) Reduction in operational costs

30. KPO differs from traditional o

utsourcing by focusing on:

   - A) Labor-intensive work

   - B) Knowledge and expertise (Correct Answer)

   - C) Physical infrastructure development