298 + Mcqs in General Page 6 McqOptions

251.	Because cost of living raises are not earned, but are a condition of employment, they may be considered
A.	Incentives
B.	Promotions
C.	Indirect compensation
D.	Reversable
E.	All of the above
Answer» D. Reversable

Discussion

252.	Which of the following is the broadcast concept
A.	Job description
B.	Job analysis
C.	Position description
D.	Position specification
E.	Job specification
Answer» C. Position description

Discussion

253.	Upper limit for capital investment in small scale industries is
A.	Rs. 10 lakhs
B.	Rs. 15 lakhs
C.	Rs. 35 lakhs
D.	Rs. 50 lakhs
E.	Rs. 17,50,500
Answer» D. Rs. 50 lakhs

Discussion

254.	While estimating 'Economic Order Quantity' if uniform inflation rate is also taken into consideration as compared to conventional method
A.	The lot size with inflation will reduce
B.	The lot size with inflation will increase
C.	There will be no change
D.	Inventories are not related with inflation
E.	None of the above
Answer» C. There will be no change

Discussion

255.	Industrial safety is defined as
A.	A disease free work environment
B.	Job security
C.	Less than 2% chance of injury
D.	Freedom from danger or injury, risk or loss
E.	A grievance free environment
Answer» E. A grievance free environment

Discussion

256.	Demand for electricity is elastic because
A.	It is very expensive
B.	It has number of close substitutes
C.	It has number of alternatives uses
D.	All of the above
E.	None of the above
Answer» D. All of the above

Discussion

257.	A certain community needs Rs. 185090.62 to cover its expenses. If its tax rate is Rs. 1.43 per Rs. 100 of assessed value, what must be the assessed value of its property
A.	Rs. 12,870,005
B.	12,900,005
C.	Rs. 12,943,400
D.	12,240,500
E.	Rs. 17,50,500
Answer» D. 12,240,500

Discussion

258.	According to Mc Gregor's theory of management
A.	All managers are complex in behaviour and it is difficult to get work done
B.	X managers in organisation will not work and Y managers will work. The ratio X/Y depends on the organisational set up
C.	The ratio X/Y is always on 0.5 for any organisation
D.	X theory managers pressume that the average human being has an inherent dislike of work and will avoid it if he can
E.	None of the above
Answer» E. None of the above

Discussion

259.	In the process of production, capital equipment is worn out. The word used to described this process is
A.	Obsolescence
B.	Devalution
C.	Appreciation
D.	Depreciation
E.	Funding
Answer» E. Funding

Discussion

260.	The advantage of mass production is
A.	better quality
B.	use of new technology
C.	sophistication
D.	reduced cost of production
E.	Rs. 17,50,500
Answer» E. Rs. 17,50,500

Discussion

261.	Gross national income minus net national income equals
A.	cost
B.	taxes
C.	depreciation
D.	wages
E.	Rs. 17,50,500
Answer» D. wages

Discussion

262.	In wimplex method of linear programming the objective row of the matrix consists of
A.	Coefficient of the objective function, which is the profit contribution per unit of each of the products
B.	Names of the variables of the problems
C.	Slack variables
D.	Any of the above
E.	None of the above
Answer» B. Names of the variables of the problems

Discussion

263.	Wage and salary criteria are primarily used to determine
A.	Pay structures
B.	Incentives
C.	Cost of living raises
D.	Productivity
E.	None of the above
Answer» B. Incentives

Discussion

264.	At break-even point, total cost is equal
A.	fixed cost
B.	variable cost
C.	income
D.	none of the above
E.	None of the above
Answer» D. none of the above

Discussion

265.	The deductions for Employees Provident Fund start
A.	Immediately on joning the service
B.	After one month of joining the service
C.	After 120 days of joining of service
D.	After 240 days of joining the service
E.	After one year of joining the service
Answer» E. After one year of joining the service

Discussion

266.	Floating of a currency leads to
A.	Devaluation
B.	Revaluation
C.	Over-valuation
D.	Either revaluation or devaluation
E.	Either revaluation or over-valuation
Answer» E. Either revaluation or over-valuation

Discussion

267.	Indicate the group of persons who gain from inflation
A.	Stock holders
B.	Bond holders
C.	Debetures holders
D.	Fixed deposit holders
E.	Improved labour relations
Answer» B. Bond holders

Discussion

268.	Fountain pen and ink are
A.	independent goods
B.	substitute goods
C.	complimentary goods
D.	classified goods
E.	Rs. 17,50,500
Answer» D. classified goods

Discussion

269.	Which of the following depicts joint demand?
A.	Magazine and newspaper
B.	Coffee and tea
C.	Lipstick and nail polish
D.	Paper and book
E.	Tooth paste and brush
Answer» F.

Discussion

270.	Balanced growth means
A.	Equal percentage growth in output
B.	Equal increase in resources allocated
C.	Different parts of the economy grow in a harmonious manner
D.	Different fields grow in a natural rate
E.	None of the above
Answer» D. Different fields grow in a natural rate

Discussion

271.	In case of paper money the face value is
A.	less than its intrinsic value
B.	more than its intrinsic value
C.	same as its intrinsic value
D.	Rs. 17,50,500
Answer» C. same as its intrinsic value

Discussion

272.	Price elasticity of demand is best defined as
A.	The change in the tastes of consumers at different prices
B.	The rate of response of demand to a change in supply
C.	The change in costs when output is increased by one unit
D.	The rate of response of demand to a change in price
E.	Being depended on whether the goods are a lusury or not
Answer» E. Being depended on whether the goods are a lusury or not

Discussion

273.	First free trade zone in India was established in
A.	Bombay
B.	Calcutta
C.	New Delhi
D.	Madras
E.	Trivandrum
Answer» B. Calcutta

Discussion

274.	What should a wise manager try to do about the informal communication system (the grapevine) that exists (virtually within) every formal organization?
A.	Destroy it
B.	Ignore it
C.	Impede its flow of messages whenever possible
D.	Use it as a supplement to the formal system
E.	None of the above
Answer» E. None of the above

Discussion

275.	Which of the following company is under cooperative sector?
A.	DCM Limited
B.	Voltas Ltd
C.	IFFCO
D.	BARC
E.	Rs. 17,50,500
Answer» D. BARC

Discussion

276.	Emerson plan is based on
A.	standard time
B.	time save
C.	time worked
D.	none of the above
E.	None of the above
Answer» D. none of the above

Discussion

277.	Locating an individual onject from a group is
A.	select
B.	grasp
C.	position
D.	hold
E.	Waiting time
Answer» B. grasp

Discussion

278.	A vertical demand curve for a commodity shows that demand is
A.	Highly elastic
B.	Perfectly melastic
C.	Fairly elastic
D.	Moderately elastic
E.	Totally inelastic
Answer» F.

Discussion

279.	Time standards developed as a result of time study may be used for
A.	Wage incentives
B.	Plant layout
C.	Budgetary control
D.	Equipment selection
E.	Any of the above
Answer» F.

Discussion

280.	Which of the following creates time utility?
A.	Bank cashier
B.	Carpenter
C.	Farmer
D.	Trader
E.	Clerk
Answer» D. Trader

Discussion

281.	Which of the following is not a form utility?
A.	A carpenter
B.	A transporter
C.	A craftsman
D.	A blacksmith
E.	Rs. 17,50,500
Answer» C. A craftsman

Discussion

282.	Trade will occur when
A.	Personnel values are different
B.	Middle-men can profit by making trade
C.	The exchange leads to more preferred situation for the traders
D.	There is enough disparity between the consumption-substitution ratios to cover the costs of trades
E.	All of the above
Answer» F.

Discussion

283.	Appraisal is
A.	Judging
B.	Finding
C.	Hiring
D.	Matching
E.	None of the above
Answer» B. Finding

Discussion

284.	The objective of an organizational hygiene program is
A.	To prevent accidents
B.	To make the workplace risk free
C.	To supply emergency medical service to workers and their families
D.	To prevent occupational diseases
E.	Job specification
Answer» E. Job specification

Discussion

285.	Which of the following were not management thinkers
A.	Taylor
B.	Drucker
C.	McGregor
D.	Galileo
E.	Parkinson
Answer» E. Parkinson

Discussion

286.	The mass production generally refers to
A.	Large scale production
B.	Flow production
C.	Machine production
D.	Computerized production
E.	None of the above
Answer» B. Flow production

Discussion

287.	The term 'balance of trade' is associated with
A.	imports and exports
B.	taxation
C.	gross profits of a company
D.	budgeting
E.	Rs. 17,50,500
Answer» B. taxation

Discussion

288.	The term clearing house is associated with
A.	banks
B.	cooperatives
C.	foreign exchange
D.	free trade zones
E.	Rs. 17,50,500
Answer» B. cooperatives

Discussion

289.	The term 'OGL' is associated with
A.	insurance
B.	depreciation of machinery
C.	import of goods
D.	gross profit
E.	Rs. 17,50,500
Answer» D. gross profit

Discussion

290.	A gantt chart provides information about
A.	Sales
B.	Inventory
C.	Machine utilisations
D.	Rejections
E.	Production schedule
Answer» F.

Discussion

291.	Human resource action programmes are commonly found in which of the following areas
A.	Labour relations - collective bargaining
B.	Training development
C.	Recruitment selection
D.	Benefits and compensation
E.	All of the above
Answer» F.

Discussion

292.	Skilled men receive higher wages than unskilled because
A.	The job is more difficult
B.	The limited supply of skilled men
C.	the productivity of skilled men is greater than that of unskilled men
D.	Skilled men possesses certain attributes which the unskilled men do not and therefore earn economic rent
E.	All of the above
Answer» F.

Discussion

293.	Which of the following principal wage and salary issues and problems is concerned with the internal hierarchy of pay rates, pay grades and job classifications existing within an organisation
A.	pay control
B.	Pay level
C.	pay structure
D.	Payment method
E.	None of the above
Answer» D. Payment method

Discussion

294.	The "system approach" to motivation attempts to avoid the incompleteness or one sidedness of other approaches to behaviour is made by integrating these kinds of motivational inputs
A.	Individual, group and environmental factors
B.	Roles, forms and traditions
C.	Social, economic and political influences
D.	Instinctual, lognitive and cultural effects
E.	None of the above
Answer» B. Roles, forms and traditions

Discussion

295.	Which of the following is not a factor management which must weight when deciding to establish particular kind of employee benefit
A.	Cost
B.	Need
C.	Productivity
D.	Union power
E.	Ability to pay
Answer» D. Union power

Discussion

296.	When two persons exchange their goods without bringing in money, it is known as
A.	internal exchange
B.	block exchange
C.	barter
D.	profiteering
E.	Rs. 17,50,500
Answer» D. profiteering

Discussion

297.	Theory X and theory Y were identified by
A.	Douglas Mc Gregor
B.	Frederick Herzberg
C.	Abbraham Maslow
D.	Fritz Roethlisberger
E.	None of the above
Answer» B. Frederick Herzberg

Discussion

298.	The principle of management by exception is most likely to be applied in the management function of
A.	Planning
B.	Organizing
C.	Directions
D.	Control
E.	All of the above
Answer» E. All of the above

Discussion

Explore topic-wise MCQs in Business Management.

Because cost of living raises are not earned, but are a condition of employment, they may be considered

Which of the following is the broadcast concept

Upper limit for capital investment in small scale industries is

While estimating 'Economic Order Quantity' if uniform inflation rate is also taken into consideration as compared to conventional method

Industrial safety is defined as

Demand for electricity is elastic because

A certain community needs Rs. 185090.62 to cover its expenses. If its tax rate is Rs. 1.43 per Rs. 100 of assessed value, what must be the assessed value of its property

According to Mc Gregor's theory of management

In the process of production, capital equipment is worn out. The word used to described this process is

The advantage of mass production is

Gross national income minus net national income equals

In wimplex method of linear programming the objective row of the matrix consists of

Wage and salary criteria are primarily used to determine

At break-even point, total cost is equal

The deductions for Employees Provident Fund start

Floating of a currency leads to

Indicate the group of persons who gain from inflation

Fountain pen and ink are

Which of the following depicts joint demand?

Balanced growth means

In case of paper money the face value is

Price elasticity of demand is best defined as

First free trade zone in India was established in

What should a wise manager try to do about the informal communication system (the grapevine) that exists (virtually within) every formal organization?

Which of the following company is under cooperative sector?

Emerson plan is based on

Locating an individual onject from a group is

A vertical demand curve for a commodity shows that demand is

Time standards developed as a result of time study may be used for

Which of the following creates time utility?

Which of the following is not a form utility?

Trade will occur when

Appraisal is

The objective of an organizational hygiene program is

Which of the following were not management thinkers

The mass production generally refers to

The term 'balance of trade' is associated with

The term clearing house is associated with

The term 'OGL' is associated with

A gantt chart provides information about

Human resource action programmes are commonly found in which of the following areas

Skilled men receive higher wages than unskilled because

Which of the following principal wage and salary issues and problems is concerned with the internal hierarchy of pay rates, pay grades and job classifications existing within an organisation

The "system approach" to motivation attempts to avoid the incompleteness or one sidedness of other approaches to behaviour is made by integrating these kinds of motivational inputs

Which of the following is not a factor management which must weight when deciding to establish particular kind of employee benefit

When two persons exchange their goods without bringing in money, it is known as

Theory X and theory Y were identified by

The principle of management by exception is most likely to be applied in the management function of