Business Management Set 19

Bachelor of Commerce (B Com)

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This set of Business Management Multiple Choice Questions & Answers (MCQs) focuses on Business Management Set 19

Q1 | What should a wise manager try to do about the informal communication system (the grapevine) that exists (virtually within) every formal organization?
  • Destroy it
  • Ignore it
  • Impede its flow of messages whenever possible
  • Use it as a supplement to the formal system
  • None of the above
Answer: Use it as a supplement to the formal system
Q2 | Skilled men receive higher wages than unskilled because
  • The job is more difficult
  • The limited supply of skilled men
  • the productivity of skilled men is greater than that of unskilled men
  • Skilled men possesses certain attributes which the unskilled men do not and therefore earn economic rent
  • All of the above
Answer: All of the above
Q3 | First free trade zone in India was established in
  • Bombay
  • Calcutta
  • New Delhi
  • Madras
  • Trivandrum
Answer: Bombay
Q4 | Appraisal is
  • Judging
  • Finding
  • Hiring
  • Matching
  • None of the above
Answer: Judging
Q5 | Wage and salary criteria are primarily used to determine
  • Pay structures
  • Incentives
  • Cost of living raises
  • Productivity
  • None of the above
Answer: Pay structures
Q6 | Locating an individual onject from a group is
  • select
  • grasp
  • position
  • hold
  • Waiting time
Answer: select
Q7 | The deductions for Employees Provident Fund start
  • Immediately on joning the service
  • After one month of joining the service
  • After 120 days of joining of service
  • After 240 days of joining the service
  • After one year of joining the service
Answer: After 240 days of joining the service
Q8 | Trade will occur when
  • Personnel values are different
  • Middle-men can profit by making trade
  • The exchange leads to more preferred situation for the traders
  • There is enough disparity between the consumption-substitution ratios to cover the costs of trades
  • All of the above
Answer: All of the above
Q9 | Which of the following is not a form utility?
  • A carpenter
  • A transporter
  • A craftsman
  • A blacksmith
  • Rs. 17,50,500
Answer: A transporter
Q10 | A vertical demand curve for a commodity shows that demand is
  • Highly elastic
  • Perfectly melastic
  • Fairly elastic
  • Moderately elastic
  • Totally inelastic
Answer: Totally inelastic
Q11 | Emerson plan is based on
  • standard time
  • time save
  • time worked
  • none of the above
  • None of the above
Answer: time worked
Q12 | Which of the following creates time utility?
  • Bank cashier
  • Carpenter
  • Farmer
  • Trader
  • Clerk
Answer: Farmer
Q13 | Gross national income minus net national income equals
  • cost
  • taxes
  • depreciation
  • wages
  • Rs. 17,50,500
Answer: depreciation
Q14 | Price elasticity of demand is best defined as
  • The change in the tastes of consumers at different prices
  • The rate of response of demand to a change in supply
  • The change in costs when output is increased by one unit
  • The rate of response of demand to a change in price
  • Being depended on whether the goods are a lusury or not
Answer: The rate of response of demand to a change in price
Q15 | The advantage of mass production is
  • better quality
  • use of new technology
  • sophistication
  • reduced cost of production
  • Rs. 17,50,500
Answer: reduced cost of production
Q16 | Which of the following depicts joint demand?
  • Magazine and newspaper
  • Coffee and tea
  • Lipstick and nail polish
  • Paper and book
  • Tooth paste and brush
Answer: Tooth paste and brush
Q17 | In wimplex method of linear programming the objective row of the matrix consists of
  • Coefficient of the objective function, which is the profit contribution per unit of each of the products
  • Names of the variables of the problems
  • Slack variables
  • Any of the above
  • None of the above
Answer: Coefficient of the objective function, which is the profit contribution per unit of each of the products
Q18 | Floating of a currency leads to
  • Devaluation
  • Revaluation
  • Over-valuation
  • Either revaluation or devaluation
  • Either revaluation or over-valuation
Answer: Either revaluation or devaluation
Q19 | Time standards developed as a result of time study may be used for
  • Wage incentives
  • Plant layout
  • Budgetary control
  • Equipment selection
  • Any of the above
Answer: Any of the above
Q20 | In case of paper money the face value is
  • less than its intrinsic value
  • more than its intrinsic value
  • same as its intrinsic value
  • Rs. 17,50,500
Answer: more than its intrinsic value
Q21 | Which of the following company is under cooperative sector?
  • DCM Limited
  • Voltas Ltd
  • IFFCO
  • BARC
  • Rs. 17,50,500
Answer: IFFCO
Q22 | Indicate the group of persons who gain from inflation
  • Stock holders
  • Bond holders
  • Debetures holders
  • Fixed deposit holders
  • Improved labour relations
Answer: Stock holders
Q23 | At break-even point, total cost is equal
  • fixed cost
  • variable cost
  • income
  • none of the above
  • None of the above
Answer: income
Q24 | Balanced growth means
  • Equal percentage growth in output
  • Equal increase in resources allocated
  • Different parts of the economy grow in a harmonious manner
  • Different fields grow in a natural rate
  • None of the above
Answer: Different parts of the economy grow in a harmonious manner
Q25 | Fountain pen and ink are
  • independent goods
  • substitute goods
  • complimentary goods
  • classified goods
  • Rs. 17,50,500
Answer: complimentary goods
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