management-mcqs - Set (3)

Correct Answer: Orange && Worng Answer: Red

1. The Father of scientific management was ?

  • (A). Taylor
  • (B). Fayol
  • (C). George R Terry
  • (D). Apply
    • View Answer

    Explanation: The Father of Scientific Management was Frederick Winslow Taylor (FW Taylor).

    2. Who has defined function of management as POSDCORB

  • (A). G.R. Terry
  • (B). Luther Gullick
  • (C). JB Say
  • (D). J.A. Schumpeter
    • View Answer

    Explanation: POSDCORB is an acronym for Planning, Organizing, Staffing, Directing, Coordinating, Reporting and Budgeting which was first coined on administrative management by Luther Gulick and Lyndall Urwick.

    3. The formation and management of partnership is governed by provision of

  • (A). Indian partnership Act 1931
  • (B). Indian partnership Act 1933
  • (C). Indian partnership Act 1932
  • (D). Indian partnership Act 1934
    • View Answer

    Explanation: Not Avilable

    4. Giving complete freedom to subordinates is

  • (A). Autocratic leadership
  • (B). Laissez fair leadership
  • (C). Democratic leadership
  • (D). None of these
    • View Answer

    Explanation: Free Rein or Laissez Fair leadership gives complete freedom to his subordinates.

    5. The important element in business is

  • (A). Risk
  • (B). Black marketing
  • (C). Profit
  • (D). All of above
    • View Answer

    Explanation: Not Avilable

    6. Which of the following is the oldest model of organization ?

  • (A). Committee organization
  • (B). Functional organization
  • (C). Line organization
  • (D). Line and staff organization
    • View Answer

    Explanation: Line organization structure is the oldest and simplest form of organization.

    7. The real owner of Joint stock company is

  • (A). Board of dircectors
  • (B). Financer
  • (C). Shareholders
  • (D). Debenture holders
    • View Answer

    Explanation: A joint-stock company is a business that is owned by its investors or shareholeders.

    8. The institution organized and operated to provide goods and services to society under the incentive of private gain is known as :

  • (A). Business
  • (B). Govt. offices
  • (C). Non Govt. organization
  • (D). None of these
    • View Answer

    Explanation: Not Avilable

    9. Which of the following character is essential for a leader ?

  • (A). Presence of the follower
  • (B). Approval of the follower
  • (C). Same interest
  • (D). All of the above
    • View Answer

    Explanation: Not Avilable

    10. In which form of business organization their is a direct relationship between efforts and reward.

  • (A). Partnership
  • (B). Cooperatives organization
  • (C). Sole proprietorship
  • (D). Joint stock company
    • View Answer

    Explanation: Not Avilable

    11. Which business organization has maximum secrecy ?

  • (A). Partnership
  • (B). Sole proprietorship
  • (C). Cooperative organization
  • (D). Joint stock company
    • View Answer

    Explanation: A sole proprietorship concern ensures maximum business secrecy.

    12. ABC analysis and EOQ technique are

  • (A). Both technique are very important techniques of inventory control
  • (B). Only ABC is more important techniques of inventory control
  • (C). LIFO and FIFO are equally potent techniques of inventory control
  • (D). All the above are important techniques of inventory control
    • View Answer

    Explanation: Not Avilable

    13. A budget is a statement showing :

  • (A). Forecast of the financial activities of the business
  • (B). It is an estimate to achieve a specific goal
  • (C). It is a policy statement of an enterprises
  • (D). None of these
    • View Answer

    Explanation: Not Avilable

    14. When 51% shares are in the hands of government it is called

  • (A). Public company
  • (B). Private company
  • (C). Semi public company
  • (D). Government company
    • View Answer

    Explanation: When at least 51% shares are in the hands of government, it is called as government company.

    15. Which of the following is true ?

  • (A). Authority and power are same
  • (B). Authority gives power
  • (C). Power gives authority
  • (D). None of these
    • View Answer

    Explanation: Power is necessary for authority, but it is possible to have power without authority.

    16. Which of the following is also known as profit and loss account.

  • (A). Statement of earninig
  • (B). Statement of incomes
  • (C). Statement of operation
  • (D). All of above
    • View Answer

    Explanation: Not Avilable

    17. In partnership firm written deed is preferred because of the following reasons.

  • (A). So that it may be refferred to easily in case of any dispute
  • (B). It may be enforced by the court of law
  • (C). Profit and loss may be settled easily by partners
  • (D). All of the above
    • View Answer

    Explanation: Not Avilable

    18. As per Indian partnership Act the maximum number of partners for doing general business is

  • (A). Seven
  • (B). Twenty
  • (C). Fifteen
  • (D). Ten
    • View Answer

    Explanation: According to Indian Partnership Act 1932 the maximum number of partners for doing general business is 20.

    19. “Maslow need Hierachy” theory is related with.

  • (A). Motivation
  • (B). Direction
  • (C). Controlling
  • (D). Planning
    • View Answer

    Explanation: Not Avilable

    20. A leader guides because of :

  • (A). Authority
  • (B). Power
  • (C). Influence
  • (D). All the above
    • View Answer

    Explanation: Not Avilable

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