Business Management Set 17

Bachelor of Commerce (B Com)

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This set of Business Management Multiple Choice Questions & Answers (MCQs) focuses on Business Management Set 17

Q1 | Which of the following law is related to health of workers?
  • ESI
  • Payment of wages act
  • Employees Provident Fund Act
  • Payment of Bonus Act
  • Rs. 17,50,500
Answer: ESI
Q2 | A gantt chart provides information about
  • Sales
  • Inventory
  • Machine utilisations
  • Rejections
  • Production schedule
Answer: Production schedule
Q3 | Expediting is watching
  • flow of material
  • worker's activity
  • minimizing delay
  • none of the above
  • None of the above
Answer: worker's activity
Q4 | Which of the following public sector is under the Ministry of Defence?
  • Sail
  • FCI
  • HAL
  • NTPC
  • Rs. 17,50,500
Answer: HAL
Q5 | Estimates or predictions are probably most indispensable in
  • Planning
  • Organizing
  • Directing
  • Control
  • All of the above
Answer: Control
Q6 | Scheduling is
  • alloting a job to an operator
  • alloting a job to a machine
  • fixing the time of completition of a job
  • detailing the sequence of operation job wise and machine wise
  • None of the above
Answer: detailing the sequence of operation job wise and machine wise
Q7 | For a fact be considered as information, it must relate to a thing or circumstance and be
  • Quantitatives
  • Relevant
  • Objective
  • Added knowledge
  • All of the above
Answer: Added knowledge
Q8 | Which of the following item is not produced under mass production?
  • Ball bearings
  • Automobile tyres
  • Aircraft
  • Passenger cars
  • Rs. 17,50,500
Answer: Aircraft
Q9 | One item in the list given below is not capital. Which is that item?
  • Strw in a barn
  • Straw in a hat factory
  • A straw in a hat shop
  • A straw hat in your room
  • None of the above
Answer: Strw in a barn
Q10 | If the price index is 200, it means that the price level is
  • 200 percent higher than in the base year
  • 150 percent higher than in the base year
  • 100 percent higher than in the base year
  • 50 percent higher than in the base year
  • Rs. 17,50,500
Answer: 100 percent higher than in the base year
Q11 | When prices rise
  • creditors benefit
  • debtors benefit
  • creditors as well as debtors benefit
  • no one benefits
  • Rs. 17,50,500
Answer: debtors benefit
Q12 | Which of the following principal wage and salary issues and problems is concerned with the internal hierarchy of pay rates, pay grades and job classifications existing within an organisation
  • pay control
  • Pay level
  • pay structure
  • Payment method
  • None of the above
Answer: pay structure
Q13 | Which market describes a monopoly
  • Many buyers and many sellers
  • One seller, many buyers
  • One buyer, many sellers
  • Few sellers, many buyers
  • One buyer, one seller
Answer: One seller, many buyers
Q14 | The objective of time study is to determine the time required to complete a job by
  • Fastest worker
  • Average worker
  • Slow worker
  • Apprentice
  • Any of the above
Answer: Apprentice
Q15 | A military organisation is known as
  • Line organisation
  • Line and staff organisation
  • Functional organisation
  • Committee
  • None of the above
Answer: Line organisation
Q16 | Which of the following agency is associated with housing?
  • REC
  • TRYSEM
  • HUDCO
  • INTUC
  • Rs. 17,50,500
Answer: HUDCO
Q17 | From employees point of view, increased benefits are noticed by
  • Needs
  • Unions
  • Grievances
  • Common practice
  • None of the above
Answer: Needs
Q18 | Which would cause interest rates to rise?
  • Diamond for money
  • Standard of living
  • Value of money
  • General level of prices
  • All of the above
Answer: Diamond for money
Q19 | All of the following are perquisites EXCEPT
  • Leave Travel Assistance
  • Contributory Provident Fund
  • Travelling allowance
  • Leave encashment
  • Rs. 17,50,500
Answer: Travelling allowance
Q20 | Hiring is most closely related to which of the following staffing subprocesses
  • Appraisal
  • Indoctrimation
  • Placement
  • Selection
  • Recruitment
Answer: Selection
Q21 | Capital gains are
  • Unanticipated increases in income
  • Income from lottery
  • Income through interest earned on invetment
  • Income of dividends, received from companies
  • Unanticipated changes in value of property relative to the goods
Answer: Unanticipated changes in value of property relative to the goods
Q22 | Who among the following offers service utility?
  • Teacher
  • Peon
  • Philosopher
  • Doctor
  • Rs. 17,50,500
Answer: Doctor
Q23 | A good organisation requires that
  • Every body should feel responsibility
  • Every body should be authorised to get any work done for expeditious disposal
  • Frequent change in responsibility so that every body gets the taste of every job
  • Communication system should be dull so that secrets do not leakout
  • Responsibilities should be clearly defined
Answer: Responsibilities should be clearly defined
Q24 | If the price of tea rises and that of coffee falls
  • More tea will be bought
  • More coffee will be bought
  • More sugar will be bought
  • More tea and less coffee will be bought
  • Demand will depend upon the price difference
Answer: More coffee will be bought
Q25 | Which of the following is an indirect tax?
  • Gift tax
  • Estate duty
  • Income tax
  • Import duty
  • Rs. 17,50,500
Answer: Import duty
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