Business Management Set 18

Bachelor of Commerce (B Com)

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This set of Business Management Multiple Choice Questions & Answers (MCQs) focuses on Business Management Set 18

Q1 | The mass production generally refers to
  • Large scale production
  • Flow production
  • Machine production
  • Computerized production
  • None of the above
Answer: Large scale production
Q2 | Standing orders are certified by
  • Management
  • Workers
  • Workers union
  • Management and workers union
  • Certifying officer of government
Answer: Certifying officer of government
Q3 | The appellate authority for an industrial dispute is
  • Management
  • Labour court
  • High court/Supreme court
  • Labour Minister state/centre
  • Government
Answer: High court/Supreme court
Q4 | Which one of the following will not affect the efficiency of labour?
  • Education and training
  • Better working conditions
  • Higher prices for final products
  • Improved medical service
  • All of the above
Answer: Improved medical service
Q5 | Market demand for any good is a function of the
  • Price per unit of the good
  • Price per unit of other goods
  • Incomes of consumers
  • Tastes of consumers
  • All of the above
Answer: All of the above
Q6 | The demand for luxuries is
  • constant
  • elastic
  • inelastic
  • fixed
  • Rs. 17,50,500
Answer: elastic
Q7 | Scheduling is the determination of
  • When and at what rate the products will be put out and the relative times at which specific activities shall occur
  • Actual production, how work is to be processed and what machines are to be used
  • Putting right jobs on right machines and at right times
  • Capacity of machines to do the job
  • None of the above
Answer: When and at what rate the products will be put out and the relative times at which specific activities shall occur
Q8 | Devaluation is resorted to
  • Belittle foreign currencies
  • Encourage exports
  • Give more value to home currency
  • Tide over post war difficulties
  • All of the above
Answer: Belittle foreign currencies
Q9 | As a result of heavy taxes on a commodity its supply
  • increases
  • decreases
  • remains unaffected
  • Rs. 17,50,500
Answer: decreases
Q10 | During inflation
  • prices rise
  • prices drop
  • prices remain unchanged
  • prices fluctuate heavily
  • Rs. 17,50,500
Answer: prices rise
Q11 | Saving is that portion of income that is
  • spent on luxuries
  • not spent on consumption
  • retained by the employer
  • none of the above
  • Rs. 17,50,500
Answer: not spent on consumption
Q12 | In work study the symbol => implies
  • Delay
  • Transport
  • Operation
  • Inspection
  • Temporary storage
Answer: Transport
Q13 | Under progressive tax
  • the tax rate goes on increasing with an increase in the level of income
  • the tax rate is constant
  • the tax rate goes on decreasing with an increase in the level of income
  • the tax rate is inversely proportional to the net income
  • Rs. 17,50,500
Answer: the tax rate goes on increasing with an increase in the level of income
Q14 | Bin cards are used in
  • Machine loading
  • Accounts
  • Stores
  • Quality control
  • Preventive maintenance
Answer: Stores
Q15 | One of the essential conditions of perfect competition is
  • Product differentiation
  • Multiplicity of prices for identical product at any one time
  • Many sellers and few buyers
  • Many sellers and few sellers
  • Only one price for identical goods at any one time
Answer: Many sellers and few buyers
Q16 | Law of demand correlates
  • quality and quantity
  • quality and price
  • quantity and price
  • price and profit
  • Rs. 17,50,500
Answer: quantity and price
Q17 | Which is the most commonly used job evaluation system
  • Factor
  • Renting
  • Point
  • Grade description
  • None of the above
Answer: Point
Q18 | Which of the following tax is separately imposed by central as well as state governments?
  • Entertainment tax
  • Sales tax
  • Income tax
  • Import duty
  • Rs. 17,50,500
Answer: Sales tax
Q19 | A synthetic process is one that
  • Combines several different ingredients or assembles numerous component parts to manufacture a product
  • Starts with basic raw materials and breaks it down into various constituent products
  • Is characterized by an uninterupted flow of operations from raw materials to end product
  • Involves operations which are repeated in the same way
  • Involves non-repetitive operations
Answer: Combines several different ingredients or assembles numerous component parts to manufacture a product
Q20 | Shares can be purchased and sold in
  • nationalised banks
  • financial corporations
  • stock exchanges
  • non-nationalised banks
  • Rs. 17,50,500
Answer: stock exchanges
Q21 | Pessimistic time is
  • The maximum time which an activity might require
  • The average time required for a job
  • The time which has the highest probability of occurrence associated with it
  • The minimum time in which an activity can possibly be accomplished
  • The earliest possible time that an event can be reached or an activity completed.
Answer: The maximum time which an activity might require
Q22 | The principle of management by exception is most likely to be applied in the management function of
  • Planning
  • Organizing
  • Directions
  • Control
  • All of the above
Answer: Control
Q23 | For an organisation those costs which do not, increase as output increases, are known as
  • Fixed costs
  • Variable costs
  • Total costs
  • Average fixed costs
  • Average total costs
Answer: Fixed costs
Q24 | The population of a city was 6.4 million at the beginning of a becade and rose to 8.1 million by the end of the decade. Assuming the rate of growth to be constant, the size of population in the middle of the decade was
  • 6.25 million
  • 6.75 million
  • 7.25 million
  • 7.75 million
  • Rs. 17,50,500
Answer: 7.25 million
Q25 | Which of the following is not normally classified as a "payment for time not worked"?
  • Pension
  • Severance pay
  • Sick leave
  • Duty time
  • Special leave
Answer: Pension
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