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This set of Business Management Multiple Choice Questions & Answers (MCQs) focuses on Business Management Set 13
Q1 | The right of a person to give instructions to his subordinates is knownas_________.
- responsibility.
- authority.
- accountability.
- line authority.
Q2 | Elements of delegation_________.
- responsibility, authority, accountability.
- authority, delegation, accountability.
- responsibility, decentralization, centralization.
- controlling, responsibility, authority.
Q3 | The extent to which power and authority are retained at the top is calledas________.
- centralization.
- decentralization.
- responsibility.
- accountability.
Q4 | _____ deals with appointing people and placing them at the appropriate jobs.
- Human resources.
- Recruitment.
- Staffing.
- Placement.
Q5 | In the process of production, capital equipment is worn out. The word used to described this process is
- Obsolescence
- Devalution
- Appreciation
- Depreciation
- Funding
Q6 | The political party to which Hind Mazdoor Sabah is affiliated is
- Janata Party
- Bhartia Janata Party
- Congress (I)
- Socialist Party
- Communist Party
Q7 | Industrial safety is defined as
- Freedom from danger or injury, risk, or loss.
- Job security.
- Less than 1
- A disease-free work environment
- Job specification
Q8 | During contract negotiations what two rights are weighed against each other
- Employes rights
- Management right
- Government right
- A and B
- B and C
Q9 | A fall in demand for the product of a monopolised industry when predicted with lead to
- A fall in price
- A decrease in number of firms in the long run
- A decrease in the output of each firms
- All of the above
- None of the above
Q10 | If you want to use a red pen but mass production of only blue pens is undertaken, your inability to exercise your sovereignty is because of
- Limited income
- Standardized production
- Weather conditions
- State control
- Poor demand
Q11 | The major cause of unemployment in India is
- under development
- inadequate employment planning
- rapid population growth
- All of the above
- Rs. 17,50,500
Q12 | Nationalization means
- Taking over, by the government, of existing privately run concerns
- Establishing new enterprises as state run concerns
- Putting the day-to-day control of firms in the hands of Parliament
- Instituting worker in control of an industry
- The state assuming control of an industry to secure greater efficiency
Q13 | Differences in rates of interest charged from different customers arise due to
- Differences in risks
- Differences in use of money
- Differences in productivity
- All of the above
- None of the above
Q14 | The 'free' good is so called because
- No charge is made to the consumer
- It is supplied freely by a public authority
- The supply is adequate to meet all needs without rationing
- There is an unlimited supply
- None body wants it.
Q15 | Indirect financial and non-financial forms of compensation are called
- Salaries
- Services
- Benefits
- none of the above
- All of the above
Q16 | The assumption in PERT is
- A project is always behind schedule
- Cost of project is always more than the estimated cost
- A project can be sub-divided into a set of predictable, independent activities
- Activities are complex in nature and time taken by them are indeterminate
- None of the above
Q17 | A public sector undertaking
- Is fully owned by public through shareholders
- Is jointly owned by private parties
- Is jointly owned by private partics and Government
- Is fully owned by Government
- None of the above
Q18 | Retention of cost competitiveness is the function of
- methods engineering
- finance department
- production planning and control
- none of the above
- None of the above
Q19 | The size of the market for a product means
- The number of people in a particular area
- The geographical area saved by the producers
- The number of sales of the product recorded annually
- The number of potential buyers of the product
- The volume of potential sales of the product
Q20 | Which of the following contributes to indirect cost?
- Training of workers
- Overtime payment to workers
- Depreciation of machinery
- Cost of material
- Rs. 17,50,500
Q21 | Through routing the engineers decide in advance
- The flow of material in the plant
- The ways and means for proper utilization of manpower
- The ways and means for proper utilization of machines
- Inspection of final products
- Normal route of workers through the plant
Q22 | Demand for a commodity is elastic when
- Change in price causes greater change in its demand
- Change in price does not change its demand
- Change in National income causes change in demand
- Any of the above
- None of the above
Q23 | The largest source of revenue for state governments is generally
- Entertainment tax
- Sales tax
- Land revenue
- Excise duty
- Rs. 17,50,500
Q24 | Who proposed that all human efforts can be measured in terms of a common unit partly composed of actual work and partly of compensating relaxation?
- Emerion
- Taylor
- Gantt
- Bedaux
- None of the above
Q25 | Improving the work force overtime is the aim of
- Recruitment
- Selection
- Human resource planning
- Placement
- Human resource auditing