Business Management Set 16

Bachelor of Commerce (B Com)

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This set of Business Management Multiple Choice Questions & Answers (MCQs) focuses on Business Management Set 16

Q1 | Control of production is done through
  • scheduling
  • follow up
  • dispatching
  • none of the above
  • None of the above
Answer: follow up
Q2 | Training current workers new skills may be best thought of as
  • Time consuming
  • Downgrading
  • Retraining
  • Inefficient
  • Benevolent
Answer: Downgrading
Q3 | Which does not apply to the point system?
  • Stability of rating scale
  • Worker acceptance
  • Valid
  • Quickly constructed
  • Reliable
Answer: Quickly constructed
Q4 | Mixed economy is identified by
  • Lack of competition
  • co-existence of public and private sectors
  • vigorous competition
  • rising trend in prices
  • Rs. 17,50,500
Answer: co-existence of public and private sectors
Q5 | Human resource action programmes are commonly found in which of the following areas
  • Labour relations - collective bargaining
  • Training development
  • Recruitment selection
  • Benefits and compensation
  • All of the above
Answer: All of the above
Q6 | Which of the following wage and salary criteria refer to organizationally internal wage determinants?
  • Ability to pay
  • Supply and demand
  • Cost of living
  • Prevailing pay
  • Union bargaining power
Answer: Ability to pay
Q7 | Queuing theory is associated with
  • Production time
  • Inventory
  • Sales
  • Inspection time
  • Waiting time
Answer: Waiting time
Q8 | Which of the following is the broadcast concept
  • Job description
  • Job analysis
  • Position description
  • Position specification
  • Job specification
Answer: Job analysis
Q9 | Which of the following is a multination corporation?
  • IBM
  • LST
  • DCM
  • Escorts
  • Rs. 17,50,500
Answer: IBM
Q10 | The advertisement cost is included
  • In fixed cost
  • Sometimes in fixed cost and sometimes in variable costs
  • Always in variable costs
  • Never included in variable costs
  • It is a separate head of costs
Answer: Always in variable costs
Q11 | If the price level rises with a marked change in real output this is known as
  • Inflation
  • Deflation
  • Devaluation
  • Revaluaion
  • Improved labour relations
Answer: Revaluaion
Q12 | Which of the following cheque is encashable at any branch of the issuing bank?
  • Bearer cheque
  • Crossed cheque
  • Traveller's cheque
  • Order cheque
  • Rs. 17,50,500
Answer: Traveller's cheque
Q13 | PERT stands for
  • Project estimation and return times
  • Planning estimation, review techniques
  • Project evaluation and review techniques
  • Puching edging and review techniques
  • Precise Estimation and Results Technique
Answer: Project evaluation and review techniques
Q14 | Upper limit for capital investment in small scale industries is
  • Rs. 10 lakhs
  • Rs. 15 lakhs
  • Rs. 35 lakhs
  • Rs. 50 lakhs
  • Rs. 17,50,500
Answer: Rs. 35 lakhs
Q15 | Demand for electricity is elastic because
  • It is very expensive
  • It has number of close substitutes
  • It has number of alternatives uses
  • All of the above
  • None of the above
Answer: It has number of alternatives uses
Q16 | PERT is
  • Based on one time estimates
  • Synthesis in concepts
  • Used for repetitive works
  • Built of activities oriented programme
  • All of the above
Answer: All of the above
Q17 | While estimating 'Economic Order Quantity' if uniform inflation rate is also taken into consideration as compared to conventional method
  • The lot size with inflation will reduce
  • The lot size with inflation will increase
  • There will be no change
  • Inventories are not related with inflation
  • None of the above
Answer: The lot size with inflation will increase
Q18 | Which one of the following is a 'free good' in economics?
  • Tap water
  • Water in canal
  • Water in Atlantic ocean
  • Distilled water
  • Soda-water
Answer: Water in Atlantic ocean
Q19 | Which cheque can be encashed by any one
  • Account payee cheque
  • Crossed cheque
  • Bearer cheque
  • none of the above
  • Rs. 17,50,500
Answer: Bearer cheque
Q20 | A monopolist makes maximum profits when
  • Prices are high
  • Production is maximum
  • Marginal cost is equal to marginal revenue
  • Sales are high
  • Buyers buy less
Answer: Sales are high
Q21 | A joint sector undertaking
  • Is jointly managed by several shareholders
  • Is jointly owned by only two directors
  • In jointly owned by State and Central Governments
  • Is jointly owned by private parties and Government
  • None of the above
Answer: Is jointly owned by private parties and Government
Q22 | The benefit of good communication in a factory is
  • Reduced frustration
  • Improvement in work performance
  • Development of good human relations
  • Creation of interests and attention
  • Better profits
Answer: Better profits
Q23 | When two persons exchange their goods without bringing in money, it is known as
  • internal exchange
  • block exchange
  • barter
  • profiteering
  • Rs. 17,50,500
Answer: barter
Q24 | Because cost of living raises are not earned, but are a condition of employment, they may be considered
  • Incentives
  • Promotions
  • Indirect compensation
  • Reversable
  • All of the above
Answer: Indirect compensation
Q25 | Industrial safety is defined as
  • A disease free work environment
  • Job security
  • Less than 2% chance of injury
  • Freedom from danger or injury, risk or loss
  • A grievance free environment
Answer: Freedom from danger or injury, risk or loss
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