1139. __________ is an example of a service where the customer typically goes to the service organization

A. House painting
B. A credit card company
C. A taxi service
D. The theatre
✅ The correct answer is option D.
The theatre is an example of a service where the customer typically goes to the service organization. A service club or service organization is a voluntary non-profit organization where members meet regularly to perform charitable works either by direct hands-on efforts or by raising money for other organizations.

Time value of an option is added into intrinsic value to calculate

A. market index of an option
B. depreciated value of option
C. appreciated value of option
D. price of an option
✅ The correct answer is option D.
Time value of an option is added into intrinsic value to calculate price of an option. The price of an option, called the premium, is composed of a number of variables. Options traders need to be aware of these variables so they can make an informed decision about when to trade an option.

1133. Costs which are related to different functions of value chain of company, such as marketing and manufacturing costs are considered as

A. value costs
B. future function costs
C. business function costs
D. sunk function costs
✅ The correct answer is option C.
Costs which are related to different functions of value chain of company, such as marketing and manufacturing costs are considered as business function costs. Business function costs are the total sum of all expenses both fixed and variable for a specific step in the value chain. In other words, it’s the total cost associated with each step a product takes from the manufacturer to the consumer.

1130. Translation of organization strategy, and mission into performance measures to provide framework for strategy implementation is termed as

A. differentiation scorecard
B. bargaining scorecard
C. leadership scorecard
D. balanced scorecard
✅ The correct answer is option D.
Translation of organization strategy, and mission into performance measures to provide framework for strategy implementation is termed as balanced scorecard. A balanced scorecard is a strategic management performance metric used to identify and improve various internal business functions and their resulting external outcomes. Balanced scorecards are used to measure and provide feedback to organizations.

Capital Market Line is firstly initiated by

A. Mohsin
B. Linter
C. Markowitz
D. William Sharpe
✅ The correct answer is option D.
Capital Market Line is firstly initiated by William Sharpe. The capital market line (CML) represents portfolios that optimally combine risk and return. Capital asset pricing model (CAPM), depicts the trade-off between risk and return for efficient portfolios.

Type of exchange members who only buy and sell for their personal account are classified as

A. non-investment traders
B. professional traders
C. commercial traders
D. investment traders
✅ The correct answer is option B.
Type of exchange members who only buy and sell for their personal account are classified as professional traders. A professional trader is a person who is paid to undertake a specialized set of tasks and to complete them for a fee.

1121. Which of these is not an identified form of organizational structure?

A. Intrapreneurial
B. Functional
C. Divisional
D. Matrix
✅ The correct answer is option A.
Intrapreneurial is not an identified form of organizational structure. Intrapreneurs are employees who work within a business in an entrepreneurial capacity, creating innovative new products and processes for the organization.

1158. The intangible nature of many services can create unique challenges for marketers.

A. TRUE
B. FALSE
Answer: Option A
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✅ The correct answer is option A.
The intangible nature of many services can create unique challenges for marketers. One of the most obvious challenges in marketing services is that you are selling something intangible. People can touch and see a product and are exchanging money for something they need and can take home to use. Conversely, people only see the results of a service, which may not always be immediate.

99. HRP stands for

A. Human resource project
B. Human resource planning
C. Human recruitment planning
D. Human recruitment procedure
✅ The correct answer is option B.
HRP stands for Human resource planning. Human resource planning (HRP) is the continuous process of systematic planning ahead to achieve optimum use of an organization’s most valuable asset quality employees.