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This set of Business Management Multiple Choice Questions & Answers (MCQs) focuses on Business Management Set 23
Q1 | Which of the following will not happen if trade union forces up the wage bill?
- Other things remaining the same firms profit will fall
- More men will be employed because the higher wages attract them
- Prices of the product will soon rise
- Employers will substitute machines for men where possible
- Fewer men will be employed
Q2 | Under the Apprenticeship Act
- All industries have to necessarily train the Apprentices
- Industries have to train Apprentices according to their requirement
- Only industries owned by Government have to recruit apprentices
- Only industries employing more than 500 workers have to recruit apprentices
- None of the above
Q3 | Stock of raw materials held by a firm is known as its
- fixed capital
- working capital
- circulating capital
- none of the above
- Rs. 17,50,500
Q4 | Sellers reserve price means
- The seller refuses to sell the product till the minimum price (covering the cost of production) is offered
- Seller refuses to sell the product at any price
- Seller demands the price for whole of his product
- A price which includes economic profits
- A price determined for a batch of production
Q5 | The overall purpose of training, development is to
- Increase organizational effectiveness
- Increase profits
- Prenant works obsolesence
- Increase managrical effectiveness
- None of the above
Q6 | The approximate annual rate of growth of population in India is
- 1 to 2.5 percent
- 5 to 7.5 percent
- 8 to 10 pervent
- 10 to 12 percent
- 12.5 to 15 percent
Q7 | Which of the following is not classified as consumer goods?
- Clothes
- Furniture
- Lubricants
- Machines
- Rs. 17,50,500
Q8 | Which is not the pair of compliment goods?
- Tea and mild
- Sweets and sugars
- Whiskey and soda
- Concrete and steel
- Mustard oil and coconut oil
Q9 | Standing orders are applicable to
- Voluntary
- Statutory
- Compulsory
- Compulsory for big industries only
- Compulsory for medium industries
Q10 | Various activities of project are shown on a bar chart by
- Vertical line
- Horizontal lines
- Area of columns
- Dotted lines
- Cross marks
Q11 | Micro-hydel systems meet the power requirements of
- industries only
- urban residential areas
- rural areas
- All of the above
- Rs. 17,50,500
Q12 | By the end of this century the target for nuclear power production is
- 1000 MW
- 5000 MW
- 10,000 MW
- 100,000 MW.
- Rs. 17,50,500
Q13 | Which of the following groups of income receivers would benefit from deflation?
- Salary earners
- Debtors
- Holders of ordinary shares
- Preference share holders
- Improved labour relations
Q14 | Dispatching is
- determining how much work is to be done by operator
- instructing an operator to begin work
- intrupting an operator for correction
- none of the above
- None of the above
Q15 | Which of the following state has concentration of textile industries?
- UP
- Orissa
- Gujrat
- Kerala
- Rs. 17,50,500
Q16 | Indirect financial and non-financial forms of compensation are called
- Salaries
- Services
- Benefits
- None of the above
Q17 | Which of the following wage and salary criteria exerts the greatest influence on industry pay rates?
- Productivity
- Ability to pay
- Cost of living
- Prevailing pay level
- Union bargaining power
Q18 | Which question would best open up an interview?
- Do you think you will be successful at this job
- Give me two reasons why you went into this line of work
- What do you hope to gain by this transfer?
- none of the above
- All of the above
Q19 | Micro-motion study is
- Analysis of man-work method by using a motion-picture camera with a timing device in the field of view
- Motion study observed on enhanced time intervals
- Motion study of a sequence of operations conducted in parts
- A study of man and machine conducted separately
- A scientific analytical procedure for determining a preferable work method
Q20 | Which of the following is a free port?
- Kandla
- Cochin
- Calcutta
- Goa
- Rs. 17,50,500
Q21 | For interpretation of Standing orders the workman can refer to
- Shop supervisor
- Management
- Trade union
- Labour court
- None of the above
Q22 | Selection is
- Matching
- Finding
- Hiring
- Judging
- None of the above
Q23 | The elasticity of demand explains the relationship between
- Income and demand
- Price and demand
- Price of substitutes and demand
- Utility and demand
- Price of substitutes and utility
Q24 | Time versus output or wage versus incentive are part of problems involving
- pay level
- pay control
- payment method
- pay structure
- Individual pay determination
Q25 | The greatest barrier to communication lies in
- Technological limitations
- Human differences
- Distance
- Semantic problem
- All of the above