Business Management MCQs

Question 1

Match the items of List I with List II and choose the correct answer of combination. List-I (Critical Control Standards) List-II (Critical Points) a. Physical standards 1. Material cost per unit b. Cost standards 2. Labour hours per unit of output c. Revenue standards 3. Timing of production d. Program standards 4. Average sales per customer

Accepted Answer

a-2, b-1, c-4, d-3

Answer

a-2, b-1, c-3, d-4

Answer

a-1, b-2, c-4, d-3

Answer

a-4, b-1, c-3, d-2

Question 2

Neo-classical theory of organisation is characterised by

Accepted Answer

all of the above

Answer

decentralisation

Answer

non-formal organisation

Answer

human oriented management

Question 3

Which of the following statements are true/false? 1. Ludwig von Bertalaffy is called the father of system approach. 2. System approach comprises of sub-system, synergy, a feedback mechanism and defined boundaries. 3. The management science school emerged as a quantitative approach to solve managerial problems. 4. Operation management, management information system are theories under system approach.

Accepted Answer

3 and 4 are true, 1 and 2 are false

Answer

1, 2, 3 are true, 4 is false

Answer

1, 4 are true, 2 and 3 are false

Answer

2 and 4 are true, 1 and 3 are false

Question 4

Management by exceptionmeans

Accepted Answer

only important problems are looked after by the top management

Answer

rewarding the efficient and punishing the inefficient

Answer

Neither of the above

Answer

Either of the above

Question 5

Which of the following statements are correct? 1. FUnction is the basis of departmentalisation. 2. Product is one of the basis of departmentalisation. 3. Territory is the basis of deparmentation. 4. Authority is the basis of departmentation.

Accepted Answer

1, 2 and 3

Answer

Both 1 and 3

Answer

Both 2 and 4

Answer

All of the above

Question 6

Assertion (A) Managerial roles are dynamic in nature. Reason (R) Managerial skills define managerial roles.

Accepted Answer

(A) is incorrect, but (R) is correct

Answer

Both (A) and (R) are correct and (R) is the correct explanation of (A)

Answer

Both (A) and (R) are correct, but (R) is not the correct explanation of (A)

Answer

(A) is correct, but (R) is incorrect

Question 7

Graicuna's formula suggests that

Accepted Answer

the number of subordinates increases in arithmetic progression while the number of relations increase in geometric progression

Answer

the number of subordinates and relations both increase in arithmetic progression

Answer

the number of subordinates increases in geometric progression and number of relations increases in arithmetic progression

Answer

the number of subordinates and relations both increase in geometric progression

Question 8

Match the items of List I with List II List-I List-II a. Sales Executive 1. Top-middle Management b. Branch Manager 2. Middle Management c. Foreman 3. Lower Management d. Production Manager 4. Operating Force

Accepted Answer

a-4, b-2, c-3, d-1

Answer

a-2, b-3, c-4, d-1

Answer

a-3, b-4, c-2, d-1

Answer

a-1, b-2, c-3, d-4

Question 9

Assertion (A) Coordination is an integral function of management. Reason (R) Coordination is done through planning, organising, staffing and controlling.

Accepted Answer

Both (A) and (R) are incorrect

Answer

(A) is correct and (R) is the right explanation to it

Answer

(A) is correct, but (R) is not the right explanation to it

Answer

(A) is not correct while (R) is a correct statement