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This set of Business Management Multiple Choice Questions & Answers (MCQs) focuses on Business Management Set 25
Q1 | If two commodities are jointly demanded they are
- Inferior goods
- Compliments
- Necessities
- Substitutes
- Multiple goods
Q2 | A product layout is generally suggested for
- Jobbing work
- Batch production
- Continuous type of production
- Efficient machine utilization ratio
- None of the above
Q3 | Which of the following does not represent time utility?
- Old rice
- Cold storage
- Sand in cities
- All of the above
- Rs. 17,50,500
Q4 | The conditions to be fullfilled before the Standing orders are certified are
- They Standing orders should provide for every matter set out in the schedule which is applicable to the Industrial establishment
- The Standing orders should be in conformity with the provisions of the Act
- The certifying officers or the Appellate authority shall before certifying the Standing orders adjusdicate upon the fairness or reasonableness of the provisions of any Standing orders
- (A) and (B) above
- (A), (B) and (C) above
Q5 | Saving is defined as
- Accounting difference between current income and consumption
- Sum of savings made by the different factors
- Excess of expenditure over available income
- Amount set aside for meeting unforeseen expenditure
- None of the above
Q6 | The variance of a statistical distribution indicates
- The average value of the distribution
- The spread of the distribution
- The value of the variate with the largest frequency
- The difference between the extreme values in the distribution
- None of the above
Q7 | During contract negotiations, what two territorial rights are weighed against each other?
- Employee rights
- Management rights
- Government rights
- (A) and (C)
- (A) and (B)
Q8 | Principal wage and salary issues are all concerned with
- Filling open positions with the most qualified personnal available
- Creating an equitable pay system
- Getting the most labour for the industry's expenditures
- All of the above
- None of the above
Q9 | The objective of an organizational hygiene program is
- To prevent accidents
- To make the workplace risk free
- To supply emergency medical service to workers and their families
- To prevent occupational diseases
- Job specification
Q10 | The wage rate of brick layers is likely to rise due to
- A depression in building industry
- An increase in the demand for houses
- The development of cheap industrial building process
- A decrease in productivity of bricklayer
- None of the above
Q11 | Contribution of a growing production to economic growth consists in what is
- Adds to consumption
- Adds to production minus what it takes away from the national product in the form of consumption
- Adds to saving and investment
- Adds to reproducible resources
- None of the above
Q12 | Which of the following is not usually included in list of probable economies of large scale production?
- Efficient management
- Specialised labour force
- Advertising
- Use of machinery
- Improved labour relations
Q13 | The state in India which has maximum population is
- West Bengal
- Kerala
- Madhya Pradesh
- Uttar Pradesh
- Rajasthan
Q14 | Which of the following is a hard currency?
- Takka
- Dinar
- Yen
- Rival
- Rs. 17,50,500
Q15 | The information used to evaluate how successful a manager is in achieving planned objectives in included
- Profit plan or budgets
- Financial statements
- Proforma statements
- Performance reports
- None of the above
Q16 | Speculation arises because of
- Monopolistic competition
- Stock market
- Share market
- Uncertainty of the future
- All of the above
Q17 | Sinking fuad' is associated with
- employees welfare
- mahcine depreciation
- idle timing
- indirect labour cost
- Rs. 17,50,500
Q18 | Micromotion study is
- Enlarged view of motion study
- Analysis of one stage of motion chart
- Motion study when seen on a time chart
- Sub-division of an operation into therbligs and their analysis
- Motion study with micro-seconds as units
Q19 | India had a plan holiday between
- 1947 and 1951
- 1963 and 1966
- 1966 and 1969
- 1971 and 1974
- 1977 and 1980
Q20 | Basic tool in work study is
- Process chart
- Planning chart
- Shop layout
- Bar chart
- Stop watch
Q21 | The incentive plan which awards bonus to worker on the basis of time save in addition to certain base rate is
- Halsey plan
- Rowan plan
- Emerson plan
- none of the above
- None of the above
Q22 | All of the following are the characteristics of capitalism EXCEPT
- Right to private property
- Economic equality
- Profit motive
- Right of free enterprise
- Rs. 17,50,500
Q23 | The performance of a company can be judged by its
- Share capital
- total production
- number of employees
- profits
- Rs. 17,50,500
Q24 | In linear programming shadow prices are
- The values assigned to one unit of capacity
- Maximum cost per item
- Cost of brought out items
- Cost of items manufactured in the plant
- Lowest sales prices
Q25 | Which of the following groups of economists find consumers sovereignty undesirable?
- Capitalists
- Socialists
- Mercantilists
- Positivists
- All of the above