Business Management | Set 5

1. Which of the following law is related to health of workers?

2. A gantt chart provides information about

3. Expediting is watching

6. Scheduling is

A. alloting a job to an operator

B. alloting a job to a machine

C. fixing the time of completition of a job

D. detailing the sequence of operation job wise and machine wise

E. None of the above

Correct : D. detailing the sequence of operation job wise and machine wise

7. For a fact be considered as information, it must relate to a thing or circumstance and be

8. Which of the following item is not produced under mass production?

9. One item in the list given below is not capital. Which is that item?

10. If the price index is 200, it means that the price level is

A. 200 percent higher than in the base year

B. 150 percent higher than in the base year

C. 100 percent higher than in the base year

D. 50 percent higher than in the base year

E. Rs. 17,50,500

Correct : C. 100 percent higher than in the base year

11. When prices rise

12. 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

13. Which market describes a monopoly

A. Many buyers and many sellers

B. One seller, many buyers

C. One buyer, many sellers

D. Few sellers, many buyers

E. One buyer, one seller

Correct : B. One seller, many buyers

14. The objective of time study is to determine the time required to complete a job by

15. A military organisation is known as

17. From employees point of view, increased benefits are noticed by

18. Which would cause interest rates to rise?

19. All of the following are perquisites EXCEPT

20. Hiring is most closely related to which of the following staffing subprocesses

21. Capital gains are

A. Unanticipated increases in income

B. Income from lottery

C. Income through interest earned on invetment

D. Income of dividends, received from companies

E. Unanticipated changes in value of property relative to the goods

Correct : E. Unanticipated changes in value of property relative to the goods

23. A good organisation requires that

A. Every body should feel responsibility

B. Every body should be authorised to get any work done for expeditious disposal

C. Frequent change in responsibility so that every body gets the taste of every job

D. Communication system should be dull so that secrets do not leakout

E. Responsibilities should be clearly defined

Correct : E. Responsibilities should be clearly defined

24. If the price of tea rises and that of coffee falls

A. More tea will be bought

B. More coffee will be bought

C. More sugar will be bought

D. More tea and less coffee will be bought

E. Demand will depend upon the price difference

Correct : B. More coffee will be bought

26. The mass production generally refers to

27. Standing orders are certified by

A. Management

B. Workers

C. Workers union

D. Management and workers union

E. Certifying officer of government

Correct : E. Certifying officer of government

28. The appellate authority for an industrial dispute is

29. Which one of the following will not affect the efficiency of labour?

A. Education and training

B. Better working conditions

C. Higher prices for final products

D. Improved medical service

E. All of the above

Correct : D. Improved medical service

30. Market demand for any good is a function of the

A. Price per unit of the good

B. Price per unit of other goods

C. Incomes of consumers

D. Tastes of consumers

E. All of the above

Correct : E. All of the above

32. Scheduling is the determination of

A. When and at what rate the products will be put out and the relative times at which specific activities shall occur

B. Actual production, how work is to be processed and what machines are to be used

C. Putting right jobs on right machines and at right times

D. Capacity of machines to do the job

E. None of the above

Correct : A. When and at what rate the products will be put out and the relative times at which specific activities shall occur

33. Devaluation is resorted to

A. Belittle foreign currencies

B. Encourage exports

C. Give more value to home currency

D. Tide over post war difficulties

E. All of the above

Correct : A. Belittle foreign currencies

34. As a result of heavy taxes on a commodity its supply

A. increases

B. decreases

C. remains unaffected

D. Rs. 17,50,500

Correct : B. decreases

36. Saving is that portion of income that is

38. Under progressive tax

A. the tax rate goes on increasing with an increase in the level of income

B. the tax rate is constant

C. the tax rate goes on decreasing with an increase in the level of income

D. the tax rate is inversely proportional to the net income

E. Rs. 17,50,500

Correct : A. the tax rate goes on increasing with an increase in the level of income

40. One of the essential conditions of perfect competition is

A. Product differentiation

B. Multiplicity of prices for identical product at any one time

C. Many sellers and few buyers

D. Many sellers and few sellers

E. Only one price for identical goods at any one time

Correct : C. Many sellers and few buyers

41. Law of demand correlates

43. Which of the following tax is separately imposed by central as well as state governments?

44. A synthetic process is one that

A. Combines several different ingredients or assembles numerous component parts to manufacture a product

B. Starts with basic raw materials and breaks it down into various constituent products

C. Is characterized by an uninterupted flow of operations from raw materials to end product

D. Involves operations which are repeated in the same way

E. Involves non-repetitive operations

Correct : A. Combines several different ingredients or assembles numerous component parts to manufacture a product

45. Shares can be purchased and sold in

46. Pessimistic time is

A. The maximum time which an activity might require

B. The average time required for a job

C. The time which has the highest probability of occurrence associated with it

D. The minimum time in which an activity can possibly be accomplished

E. The earliest possible time that an event can be reached or an activity completed.

Correct : A. The maximum time which an activity might require

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

48. For an organisation those costs which do not, increase as output increases, are known as

49. The population of a city was 6.4 million at the beginning of a becade and rose to 8.1 million by the end of the decade. Assuming the rate of growth to be constant, the size of population in the middle of the decade was

50. Which of the following is not normally classified as a "payment for time not worked"?

51. 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

Correct : D. Use it as a supplement to the formal system

52. 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

Correct : E. All of the above

55. Wage and salary criteria are primarily used to determine

57. 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

Correct : D. After 240 days of joining the service

58. 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

Correct : E. All of the above

59. Which of the following is not a form utility?

60. A vertical demand curve for a commodity shows that demand is

64. 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

Correct : D. The rate of response of demand to a change in price

65. The advantage of mass production is

66. Which of the following depicts joint demand?

67. 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

Correct : A. Coefficient of the objective function, which is the profit contribution per unit of each of the products

68. Floating of a currency leads to

A. Devaluation

B. Revaluation

C. Over-valuation

D. Either revaluation or devaluation

E. Either revaluation or over-valuation

Correct : D. Either revaluation or devaluation

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

70. 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

Correct : B. more than its intrinsic value

72. Indicate the group of persons who gain from inflation

74. 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

Correct : C. Different parts of the economy grow in a harmonious manner

75. Fountain pen and ink are

76. The main disadvantage of line organisation is

77. A worker's real wages are determined by

A. The average daily wage

B. The purchasing power of his earnings

C. The money value of his production

D. The actual amount paid in lieu of work done

E. Any of the above

Correct : C. The money value of his production

79. Which of the following place is not associated with steel plant?

80. Which of the following is not wealth?

82. A captive power plant is

A. established by a industry to meet its own requirements

B. an emergency power plant for peak load

C. a power plant operated in case of emergency only

D. one which directly drives the machine without producing electrical energy

E. Rs. 17,50,500

Correct : A. established by a industry to meet its own requirements

84. The most frequent form of occupational disease is produced by

85. In a field you see ten workers harvesting raice with bare hands. The reapers are not unemployed. Then this is a case of

86. The imposition of a tariff by country A on imports from country B

A. Always benefits A

B. Always benefits B

C. May benefit A, if B does not retaliate

D. Could benefit both countries provided B retaliates

E. Depends on the shape of reciprocal demands

Correct : E. Depends on the shape of reciprocal demands

87. Equilibrium exists between

88. An industrial dispute is a dispute, disagreement or difference between

A. Management and government

B. Management and workers

C. Workers and workers

D. Trade unions and trade unions

E. (A), (C) and (D) only

Correct : E. (A), (C) and (D) only

89. Which of the following is not ensured in a socialistic system of economy?

A. Economic equality

B. Economic stability

C. Private initiative

D. Best optimum use of available resources

E. Rs. 17,50,500

Correct : C. Private initiative

90. Time study is not used

A. To determine overhead expenses

B. To provide a basis for setting piece prices or incentive wages

C. To determined standard costs

D. To determine the number of machines a person may run

E. To compare alternative method

Correct : A. To determine overhead expenses

91. Which of the following is not a feature of developed economy?

A. Predominance of industries

B. High per capita income

C. Predominance of indirect taxes

D. High rate of capital formation

E. Rs. 17,50,500

Correct : C. Predominance of indirect taxes

92. Standard time is defined as

A. Normal time

B. Normal time + allowances

C. Normal time + avoidable delays + allowances

D. Normal time + unavoidable delays + allowances

E. Normal time + idle time + allowances

Correct : B. Normal time + allowances

94. Division of labour is helpful in

95. 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

Correct : D. X theory managers pressume that the average human being has an inherent dislike of work and will avoid it if he can

96. In order to promote sales a company spends considerable amount on publicity by way of campaign on radio, TV, advertisement in papers etc. Such expenses in break even analysis are shown under

97. MRO inventories are

A. Machine repairs or Operation supplies

B. Money on repairs

C. Maintenance repair and Operation supplies

D. Mainly repair operations supplies

E. None of the above

Correct : C. Maintenance repair and Operation supplies

98. Essential feature of deflation is

99. Assuming the statistical information is available, which of the following is the best measure of an increase in a country's economic efficiency?

A. Increase in real national income

B. Increase in real national income per head of the working population

C. Increase in net annual investment

D. Increase net annual private investment

E. Increase in transactions involving transfer of money

Correct : B. Increase in real national income per head of the working population

100. 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

Correct : A. Individual, group and environmental factors

Quiznetik

Business Management | Set 5

1. Which of the following law is related to health of workers?

2. A gantt chart provides information about

3. Expediting is watching

4. Which of the following public sector is under the Ministry of Defence?

5. Estimates or predictions are probably most indispensable in

6. Scheduling is

7. For a fact be considered as information, it must relate to a thing or circumstance and be

8. Which of the following item is not produced under mass production?

9. One item in the list given below is not capital. Which is that item?

10. If the price index is 200, it means that the price level is

11. When prices rise

12. 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

13. Which market describes a monopoly

14. The objective of time study is to determine the time required to complete a job by

15. A military organisation is known as

16. Which of the following agency is associated with housing?

17. From employees point of view, increased benefits are noticed by

18. Which would cause interest rates to rise?

19. All of the following are perquisites EXCEPT

20. Hiring is most closely related to which of the following staffing subprocesses

21. Capital gains are

22. Who among the following offers service utility?

23. A good organisation requires that

24. If the price of tea rises and that of coffee falls

25. Which of the following is an indirect tax?

26. The mass production generally refers to

27. Standing orders are certified by

28. The appellate authority for an industrial dispute is

29. Which one of the following will not affect the efficiency of labour?

30. Market demand for any good is a function of the

31. The demand for luxuries is

32. Scheduling is the determination of

33. Devaluation is resorted to

34. As a result of heavy taxes on a commodity its supply

35. During inflation

36. Saving is that portion of income that is

37. In work study the symbol => implies

38. Under progressive tax

39. Bin cards are used in

40. One of the essential conditions of perfect competition is

41. Law of demand correlates

42. Which is the most commonly used job evaluation system

43. Which of the following tax is separately imposed by central as well as state governments?

44. A synthetic process is one that

45. Shares can be purchased and sold in

46. Pessimistic time is

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

48. For an organisation those costs which do not, increase as output increases, are known as

49. The population of a city was 6.4 million at the beginning of a becade and rose to 8.1 million by the end of the decade. Assuming the rate of growth to be constant, the size of population in the middle of the decade was

50. Which of the following is not normally classified as a "payment for time not worked"?

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

52. Skilled men receive higher wages than unskilled because

53. First free trade zone in India was established in

54. Appraisal is

55. Wage and salary criteria are primarily used to determine

56. Locating an individual onject from a group is

57. The deductions for Employees Provident Fund start

58. Trade will occur when

59. Which of the following is not a form utility?

60. A vertical demand curve for a commodity shows that demand is

61. Emerson plan is based on

62. Which of the following creates time utility?

63. Gross national income minus net national income equals

64. Price elasticity of demand is best defined as

65. The advantage of mass production is

66. Which of the following depicts joint demand?

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

68. Floating of a currency leads to

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

70. In case of paper money the face value is

71. Which of the following company is under cooperative sector?

72. Indicate the group of persons who gain from inflation

73. At break-even point, total cost is equal

74. Balanced growth means

75. Fountain pen and ink are

76. The main disadvantage of line organisation is

77. A worker's real wages are determined by

78. Which of the following is not a financing institution?