MCQOPTIONS
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MCQOPTIONS
This section includes 210 Mcqs, each offering curated multiple-choice questions to sharpen your Bachelor of Commerce (B Com) knowledge and support exam preparation. Choose a topic below to get started.
| 151. |
________ is used to determine the time needed for the process, resources and machines to complete a certain step, activity or task. |
| A. | Routing |
| B. | Scheduling |
| C. | Loading |
| D. | Dispatching |
| Answer» C. Loading | |
| 152. |
Determining when an operation is to be performed or when work is to be completed is known as |
| A. | routing |
| B. | loading |
| C. | scheduling |
| D. | dispatching |
| Answer» D. dispatching | |
| 153. |
__________ is a source of long term-finance |
| A. | Venture funding |
| B. | Hire-purchase finance |
| C. | Lease financing |
| D. | All of the above |
| Answer» E. | |
| 154. |
The conversion of knowledge and requirement into a form, for use or manufacture is |
| A. | Product control |
| B. | Product development |
| C. | Product design |
| D. | Product cycle |
| Answer» D. Product cycle | |
| 155. |
Materials and labor should be moved over minimum distances; saving cost and time of transportation and material handling. The statement best describes the |
| A. | Principle of economy |
| B. | Principle of minimum movement |
| C. | Principle of space utilization |
| D. | Principle of smooth flow |
| Answer» C. Principle of space utilization | |
| 156. |
Grouping of similar machines and equipment into departments where only certain kinds of work are done is |
| A. | Process or functional layout |
| B. | Product or line layout |
| C. | Fixed position layout |
| D. | None of the above |
| Answer» B. Product or line layout | |
| 157. |
The orderly flow of materials in the manufacturing process from the beginning to the end is regulated by |
| A. | Production control |
| B. | Production planning |
| C. | Production schedule |
| D. | Rationalisation of plant operations |
| Answer» B. Production planning | |
| 158. |
When the procedure for manufacturing a product is according to a specific customer order it is known as |
| A. | Job production |
| B. | Intermittent production |
| C. | Process production |
| D. | Product planning |
| Answer» B. Intermittent production | |
| 159. |
Product designing deals with |
| A. | form and functions |
| B. | job production |
| C. | intermittent production |
| D. | none of the above |
| Answer» B. job production | |
| 160. |
Employment is one of the functions of |
| A. | Human resource management |
| B. | Marketing management |
| C. | Materials management |
| D. | Scientific management |
| Answer» B. Marketing management | |
| 161. |
The process by which companies creates value for customers and build strong customer relationships in order to capture value from customers in return is known as |
| A. | marketing mix |
| B. | marketing |
| C. | customer satisfaction |
| D. | customer relationship |
| Answer» B. marketing | |
| 162. |
One of the sources of seasonal working capital is |
| A. | Share capital |
| B. | Debenture |
| C. | Indigenous banker |
| D. | Retained profits |
| Answer» D. Retained profits | |
| 163. |
Procurement, allocation and utilisation of resources is known as |
| A. | Product system |
| B. | Production |
| C. | Flow of production |
| D. | Intermittent process of Industry |
| Answer» C. Flow of production | |
| 164. |
The physical operation of handling a manufacturing order to a machine operator is known as |
| A. | Expediting |
| B. | Routing |
| C. | Dispatching |
| D. | Scheduling |
| Answer» D. Scheduling | |
| 165. |
When machines and equipment of the same functional type are grouped together, it is known as |
| A. | Product layout |
| B. | Process layout |
| C. | Plant layout |
| D. | Fixed position layout. |
| Answer» C. Plant layout | |
| 166. |
Among all the locational factors, _________ seem to influence location decision the most. |
| A. | Availability of infrastructure |
| B. | good communication |
| C. | personal or business contacts |
| D. | others |
| Answer» D. others | |
| 167. |
Deciding the _____ in which to locate the plant is the first step in location |
| A. | country |
| B. | region |
| C. | locality or community |
| D. | exact site |
| Answer» B. region | |
| 168. |
A good product design must emsure |
| A. | function or performance |
| B. | appearance or aesthetics |
| C. | reliability |
| D. | all of the above |
| Answer» E. | |
| 169. |
What function of business is responsible for ensuring that products and services met high quality standards? |
| A. | Finance |
| B. | Marketing |
| C. | Operations |
| D. | None of the Above |
| Answer» C. Operations | |
| 170. |
A plant layout refers to the arrangement of |
| A. | machinery |
| B. | equipment |
| C. | industrial facilities |
| D. | all of the above |
| Answer» E. | |
| 171. |
Based on the manufacturing process, industries are classified as |
| A. | synthetic |
| B. | analytical conditioning |
| C. | extractive |
| D. | all of the above |
| Answer» E. | |
| 172. |
Wealth maximisation is the acceptable objective because it is |
| A. | Value maximization |
| B. | Based on cash flows |
| C. | Maximises the market price of shares |
| D. | All of the above |
| Answer» E. | |
| 173. |
The activities of designing and producing the container or wrapper for a product is |
| A. | Labeling |
| B. | Packaging |
| C. | Style |
| D. | Features |
| Answer» C. Style | |
| 174. |
Factors that can affect the location includes |
| A. | Power and Fuel |
| B. | Proximity to markets |
| C. | Labour supply |
| D. | All of the above |
| Answer» E. | |
| 175. |
___________means critical investigation in order to acquire new knowledge |
| A. | Training |
| B. | Selection |
| C. | Development |
| D. | Research |
| Answer» E. | |
| 176. |
Operational objectives do not include |
| A. | Profitability |
| B. | Flexibility |
| C. | Lower unit cost |
| D. | Quality |
| Answer» B. Flexibility | |
| 177. |
__________refers to preserving goods in a protected environment. |
| A. | Alteration |
| B. | Inspection |
| C. | Storage |
| D. | Bargaining |
| Answer» D. Bargaining | |
| 178. |
Product planning and control is needed to achieve : |
| A. | Effective utilisation of firms resources |
| B. | Helps the company to supply good quality products to consumers. |
| C. | Both (a) and (b) |
| D. | None of (a)and (b) |
| Answer» D. None of (a)and (b) | |
| 179. |
Product development phases begins with |
| A. | Process specification |
| B. | Product specification |
| C. | Feasibility analysis |
| D. | Idea generation |
| Answer» E. | |
| 180. |
Product design and development is associated with : |
| A. | Place |
| B. | Form |
| C. | Possession |
| D. | State |
| Answer» C. Possession | |
| 181. |
Setting the productive activities in motion through release of orders and instructions is |
| A. | Dispatching |
| B. | Scheduling |
| C. | Loading |
| D. | Routing |
| Answer» B. Scheduling | |
| 182. |
Plant Location decisions is affected by: |
| A. | School |
| B. | Tax abatement |
| C. | Zoning restrictions |
| D. | All of the above |
| Answer» E. | |
| 183. |
The fixation of appropriate size, shape, quality, process, weight and other characteristics as to manufacture a product of desired variety and utility is |
| A. | Multiplication |
| B. | Standardization |
| C. | Simplification |
| D. | Diversification |
| Answer» C. Simplification | |
| 184. |
Which Plant layout types deals with machines and equipments arranged in one line depending upon the sequence of operation required for the product: |
| A. | Product layout |
| B. | Process layout |
| C. | Fixed position layout |
| D. | None of the above |
| Answer» B. Process layout | |
| 185. |
Controllable location factors for plant include |
| A. | Proximity to the markets |
| B. | Supply of raw materials |
| C. | Labour supply |
| D. | All of the above |
| Answer» E. | |
| 186. |
The objective of product development is- |
| A. | Provide the goods the market demands with changes in time and style |
| B. | Provide with the variation in quantity required |
| C. | Charge the prices which the consumer is willing to pay |
| D. | All of the above |
| Answer» B. Provide with the variation in quantity required | |
| 187. |
The formulation, coordination and determination of activities in the manufacturing system is |
| A. | Product planning and control |
| B. | Product development |
| C. | Product design |
| D. | None of the above |
| Answer» B. Product development | |
| 188. |
Which one of the following phases (of the Product Planning and Control) tries to analyze the expedition of work-in-progress? |
| A. | Pre-planning |
| B. | Planning |
| C. | Control |
| D. | None of the above |
| Answer» D. None of the above | |
| 189. |
Which one of the following is not a factor affecting facility location planning? |
| A. | Good transportation facilities |
| B. | Proximity to raw materials |
| C. | Proximity to markets |
| D. | Proximity to government offices |
| Answer» E. | |
| 190. |
The framework within which the conversion of inputs into outputs occurs |
| A. | Distribution |
| B. | Advertising |
| C. | Production system |
| D. | All of the above |
| Answer» D. All of the above | |
| 191. |
It leads to fixing up of starting and completion times for the various operations to be performed. |
| A. | Corrective action |
| B. | Routing |
| C. | Scheduling |
| D. | None of the above |
| Answer» D. None of the above | |
| 192. |
A good layout should take into consideration all the _____ dimensions of space available |
| A. | two |
| B. | four |
| C. | five |
| D. | three |
| Answer» E. | |
| 193. |
The traditional phase of financial management evolved during |
| A. | 1920s and 1930s |
| B. | 1930s and 1940s |
| C. | 1900 and 1910s |
| D. | 1950s and 1960s |
| Answer» B. 1930s and 1940s | |
| 194. |
The principal focus of traditional approach of financial management was |
| A. | long term financial needs |
| B. | short term financial needs |
| C. | medium term financial needs |
| D. | both short and medium term needs |
| Answer» C. medium term financial needs | |
| 195. |
Financial management is mainly concerned with |
| A. | All aspects of acquiring and utilising financial resources for firm s activities |
| B. | Arrangement of funds |
| C. | Efficient management of every business |
| D. | Profit maximisation |
| Answer» B. Arrangement of funds | |
| 196. |
Financial management deals with |
| A. | Controlling |
| B. | Organizing |
| C. | Directing |
| D. | All of the above |
| Answer» E. | |
| 197. |
The primary goal of the financial management is |
| A. | To maximize the return |
| B. | To minimize the risk |
| C. | To maximize the wealth of owners |
| D. | To maximize profit |
| Answer» D. To maximize profit | |
| 198. |
On-the-job training includes |
| A. | Vestibule training |
| B. | Under study |
| C. | Position rotation |
| D. | All of the above |
| Answer» D. All of the above | |
| 199. |
The essential elements of employer-employee relationship includes |
| A. | Mutual respect |
| B. | Openness and communication |
| C. | Mutual reliance |
| D. | All of the above |
| Answer» E. | |
| 200. |
The importance of human resource management includes |
| A. | Optimum utilization of human resources |
| B. | People centered function of management |
| C. | Develops dynamic strategies for goal accomplishment |
| D. | All of the above |
| Answer» E. | |