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UNIVERSITY OF CALICUT
SCHOOL OF DISTANCE EDUCATION
VI SEMESTER
BBA
(MARKETING SPECIALIZATION)
(2011 ADMISSION ONWARDS)
SERVICE MANAGEMENT
QUESTION BANK
9. Ranking from highest to lowest, the countries with the largest service sector employment
are:
a. European Community, United States, Japan
b. United States, Japan, European Community
c. United States, European Community, Japan
d. United States, European Community, Japan
11. The unique service characteristic that reflects the interconnection between the service
firm and its customer is called:
a intangibility
b inseparability
c perishability
d heterogeneity
12. Tourism is a major creator of jobs in the world. Approximately what percentage of
global employment is represented by tourism?
a. 20%
b. 50%
c. 2%
d. 8%
13. According to definitions of the tourist, what is the maximum allowable length of stay in
a destination ?
a. One year.
b. 6 months
c. One month
d. One day.
20. In finance we refer to the market for relatively long-term financial instruments as the
__________ market.
a. money
b. capital
c. primary
d. secondary
21. Discuss the social purpose and organization of health care insurance. Moral hazard
by insurance companies can result in:
a. over utilization of health insurance.
b. Community rating.
c. adverse selection.
d. risk pooling.
e.
22. A person injured in a motor vehicle accident will have health care expenses paid by:
a. social insurance programs.
b. auto insurance.
c. employment- based insurance
d. workers compensation insurance
23. Which of the following characteristics/situations qualifies a patient for benefits under a
long term care insurance contract?
a. workplace injury
b. limitation in ADL function
c. recent hospitalization
d. motor vehicle accident
24..Which of the following laws requires that employers offer continuation of health care
insurance after a person leaves employment?
a. COBRA
b. ERISA
c. HIPAA
d. state insurance statute
e.
25. 'Reinsurance' refers to the practice by insurance companies of:
a. Terminating existing policies.
b. Buying insurance from another firm
c. Issuing new policies
d. Renewing existing policies
27. Diversification is one way in which insurance companies can protect themselves
against:
a. Positively correlated risks
b. The law of large numbers
c. Parameter change
d. Random fluctuation
28. A 'pay as you go' pension system is unsuitable for a private firm because:
a. The firm may cease trading
b. Employees are not willing to pay
c. The dependency ratio is too high
d. The benefits are insufficient
29. Pension and life insurance funds hold few short-term assets because
a. Their cash flows are predictable
b. Short-term asset share too dear
c. Long-term assets are more profitable
d. Short-term assets are too risky
30. What is the full form of BPO
a.Business process outsourcing
b.Business persons outsourcing
c.Business production outsourcing
d.Business price outsourcing
31. Full form of KPO
a. Knowledge Process outstanding
b. Knowledge Process Outsourcing
c. Knowledge persons outsourcing
d. Knowledge Production out sourcing.
ANSWER KEY
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