Management-07

CO6I, EE5I, EJ6I, IF6I, ME5I

22509

Multiple Choice Questions (MCQs)

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1   Which of the following is not a basic function of the management process?
    (A)   Controlling
    (B)   Organizing
    (C)   Working
    (D)   Leading
2   In line organization, who is responsible for final result?
    (A)   The worker
    (B)   The Superior authority
    (C)   The managers
    (D)   The foreman
3   Which of the following is not the advantages of a public limited company?
    (A)   Quick Formation
    (B)   Large Capital
    (C)   Professional Management
    (D)   Limited Liability
4   Which of the following is not the responsibility of a production manager?
    (A)   Quality
    (B)   Quantity
    (C)   Storage of goods
    (D)   Controlling accidents
5   In partnership, the partners have unlimited liability, is it true or false?
    (A)   TRUE
    (B)   FALSE
    (C)   Partly True
    (D)   Partly False
6   What happens in fatal accident?
    (A)   Hospitalization
    (B)   Fractures
    (C)   Disablement
    (D)   Death
7   —– is a factor influencing requirements of fixed capital?
    (A)   capitalization
    (B)   Nature of business
    (C)   higher operating efficiency
    (D)   none of above
8   Which one of the following is not a major section in cash budget?
    (A)   Receipts Section
    (B)   Disbursements section
    (C)   Financing Section
    (D)   Capital section
9   Which one of the following is not a tax charged by the central Government?
    (A)   Income Tax
    (B)   Customs duties
    (C)   Wealth tax
    (D)   Stamp duty
10   Service tax is applicable to the whole of India except the state
    (A)   Goa
    (B)   Assam
    (C)   Jammu and Kashmir
    (D)   Punjab
11   What are the various costs involved in material management?
    (A)   Procurement costs
    (B)   Inventory carrying costs
    (C)   Total cost
    (D)   a and b both
12   One of the functions of MRP
    (A)   Forecast of material
    (B)   Reducing waste
    (C)   Economy in buying
    (D)   all of the these
13   Which one of the following can be an ERP module?
    (A)   Human resource
    (B)   sales and marketing
    (C)   Finance
    (D)   all of the above
14   An activity under quality assurance:
    (A)   process control
    (B)   Continuous improvement
    (C)   benchmarking
    (D)   none of above
15   Which one of the following benefits the customer due to TQM?
    (A)   Greater satisfaction
    (B)   less number of problems
    (C)   Customer empowerment
    (D)   Both ‘A’ and ‘B’
16   Old Indian textile industry was predominantly —– based.
    (A)   Polyester
    (B)   Cotton
    (C)   Synthetic Textile
    (D)   Blended Fabrics
17   Which one of the following categories of chemical industry has smallest volume?
    (A)   Basic Chemicals
    (B)   Life Sciences
    (C)   Specialty Chemicals
    (D)   Consumers Products
18   Esprit de Corps means —–.
    (A)   Coordination
    (B)   Principle of management
    (C)   Name of the company
    (D)   Management concept in
19   Aim of Departmentation is to —–.
    (A)   Distribute the work
    (B)   Make people specialized
    (C)   Give freedom for each
    (D)   All of above
20   Which statement about cooperative society is wrong?
    (A)   Works on democratic principal
    (B)   Membership is voluntary
    (C)   Ownership is in the hands of the Government
    (D)   It is private ownership
21   Week as per Factory Act is a period between two —–.
    (A)   Mondays
    (B)   Saturdays
    (C)   Sundays
    (D)   Thursdays
22   According to Factory Act, drinking water must be away from latrine by —–
    (A)   12
    (B)   3
    (C)   6
    (D)   9
23   Working capital is also called as —–.
    (A)   Fixed capital
    (B)   Floating capital
    (C)   Blocked capital
    (D)   Circulating capital
24   1) VAT is not simple and transparent 2) VAT is progressive form of Sales tax.
    (A)   Both 1 & 2 are correct
    (B)   Both 1 & 2 are wrong
    (C)   1 correct & 2 wrong
    (D)   1 wrong & 2 correct
25   Material planning is based on data from —–.
    (A)   Sales Department
    (B)   Production Department
    (C)   Purchase Department
    (D)   All
26   Holding cost is also known as —–.
    (A)   Receiving Cost
    (B)   Carrying cost
    (C)   Production cost
    (D)   Design cost
27   In ABC analysis which one is incorrect about ‘A’ items
    (A)   Most important
    (B)   Tightly controlled inventory items
    (C)   Weekly control statement
    (D)   Insignificant items
28   Which one of the following is one of the aspects of TQM?
    (A)   Quality aspect
    (B)   Continuous improvement
    (C)   Customer satisfaction
    (D)   Product aspect
29   Six Sigma implies that —–.
    (A)   A statistical method
    (B)   A trouble shooting method
    (C)   Teams are effective
    (D)   3.4 defects per million
10   Which one of the following is a benefit of the Kaizen?
    (A)   Improved efficiency
    (B)   Improved Safety
    (C)   Employee Satisfaction
    (D)   All of these
31   Classification of industry based on
    (A)   Area of work
    (B)   Kind of ownership
    (C)   Both(i) and (ii)
    (D)   None of the above
32   SEZ policy announced in
    (A)   2000
    (B)   1999
    (C)   2001
    (D)   2002
33   Getting the things done through others is called
    (A)   Direction
    (B)   Adjustment
    (C)   Organization
    (D)   Management
34   First step in planning is
    (A)   Establish goals
    (B)   Identify resources
    (C)   Prioritize goals
    (D)   Establish tasks
35   What is Esprit De Corps?
    (A)   It is a function of management
    (B)   It is a principle of management
    (C)   It is management concept in Russia
    (D)   It is a name of company
36   Achievement due to one will be shared by all others, this happens in
    (A)   General partnership
    (B)   Limited partnership
    (C)   Both(i) and (ii)
    (D)   None of the above
37   About budget, which statement is wrong
    (A)   It is not time bound
    (B)   Quantity of money is the
    (C)   It defines policies
    (D)   It is prepared before the
38   Following is not concerned with material management
    (A)   MRP
    (B)   SAP
    (C)   ERP
    (D)   5’S’
39   QA is
    (A)   Quality Administration
    (B)   Quality Affiliation
    (C)   Quality Assurance
    (D)   Quality Action
40   In ABC Analysis, Items that are extremely inexpensive or have low demand are termed as
    (A)   A Items
    (B)   B Items
    (C)   C Items
    (D)   D Items
41   Tax to be paid by manufacturer of goods/commodities/products to government is
    (A)   Custom Duty
    (B)   Excise Duty
    (C)   Income Tax
    (D)   VAT
42   Which of the following is/are objectives of materials management?
    (A)   To reduce material cost
    (B)   To purchase materials at lowest cost
    (C)   To minimize investment related to inventories
    (D)   All of the Above
43   A financial statement showing assets and liabilities of company at any given time is known as
    (A)   Profit & Loss Statement
    (B)   Balance Sheet
    (C)   Budget
    (D)   Capital
44   The Stock of goods in hand at the beginning of the year is known as
    (A)   Sales
    (B)   Closing Stock
    (C)   Opening Stock
    (D)   none of these
45   Which of the following is not an example of fixed capital?
    (A)   Payment of employee wages
    (B)   Land
    (C)   Building
    (D)   Machinery
46   Which of the following is external source of capital?
    (A)   Retained Earnings
    (B)   Depreciation Provisions
    (C)   Share Capital
    (D)   Deferred taxation
47   Safety promotes —–
    (A)   Sales
    (B)   Productivity
    (C)   Profit
    (D)   Research
48   Which Act safeguards interest of workers engaged in factory
    (A)   Indian Factory Act
    (B)   Workmen’s Compensation
    (C)   Minimum Wages Act
    (D)   Industrial Dispute Act
49   Accidents happen in industry because of –
    (A)   Workers
    (B)   Management
    (C)   Design of working place
    (D)   All of the Above
50   BSNL is a
    (A)   Public Limited company
    (B)   Joint Stock Company
    (C)   Private Limited company
    (D)   none of these
51   Line organization is characterized by
    (A)   Simple, easy & Flexible structure
    (B)   Clear & Simple division of authority
    (C)   No working confusions
    (D)   All of the Above
52   see if her department met the target, she is performing which of the following functions?
    (A)   Planning
    (B)   Controlling
    (C)   Organizing
    (D)   Directing
53   A force that causes & inspires an individual to behave in a specific way and to increase his performance is called as
    (A)   Motivation
    (B)   Teamwork
    (C)   Quality
    (D)   Satisfaction
54   Which of the following function of management involves measuring & comparing current performance against the established standards?
    (A)   Planning
    (B)   Controlling
    (C)   Organizing
    (D)   Directing
55   Planning may fail because of
    (A)   Incomplete knowledge of
    (B)   Absence of data analysis
    (C)   Unrealistic nature of plan
    (D)   All of the Above
56   Administration is activity in organization
    (A)   Top Level
    (B)   middle lever
    (C)   Lower Level
    (D)   Upper middle Level
57   Which of the following is NOT the advantage of Globalization?
    (A)   Increased free trade between nations
    (B)   Information & Money is flowing more rapidly
    (C)   Over use & heavy dependence on communication Media & IT Services
    (D)   Transportation of people & goods became & easy
58   Travel & tourism business comes under
    (A)   Service Industry
    (B)   Manufacturing Industry
    (C)   Trade Sector
    (D)   none of these
59   IT Enabled services (ITES) includes
    (A)   Call centers
    (B)   BPO
    (C)   LPO
    (D)   All of the Above
60   Which of the following includes monitoring & controlling of banking &financial systems throughout India?
    (A)   SEBI
    (B)   RBI
    (C)   IDBI
    (D)   NABARD
61   In quality circle Participation of employees in the group is —–
    (A)   Voluntary without any compulsion or Pressure
    (B)   Non-Voluntary
    (C)   Randomly
    (D)   None of these
62   First Preference in TQM is given to —–
    (A)   The customers
    (B)   Continuous Improvement
    (C)   Zero Defects
    (D)   Training & Development
63   Inspection assures that —–
    (A)   The process is in control
    (B)   Workers are motivated
    (C)   Product meets Specification
    (D)   Quality Problems are Solved
64   Commerce is also called as —–.
    (A)   Service
    (B)   Manufacturing
    (C)   Trade
    (D)   All of above
65   Out of the following which is not the function of management
    (A)   Decision making
    (B)   Coordinating
    (C)   Reporting
    (D)   None of above
66   From the options given below, who belongs to the lower level of management?
    (A)   Clerks
    (B)   Supervisors
    (C)   Data entry operators
    (D)   All of above
67   Which is the appropriate reason of failure of good plan?
    (A)   Insufficient data
    (B)   Lack of knowledge
    (C)   Over confidence
    (D)   All of above
68   Determine objectives and goals is —– step in the process of organizing.
    (A)   first
    (B)   second
    (C)   third
    (D)   last
69   Identify the levels of management with respect to the position held by the different persons in organization.
    (A)   1- Top management, 2-Middle management, 3- Lower management
    (B)   1- Vertical management, 2-Middle management, 3- Horizontal management
    (C)   1- High management, 2-Centre management, 3- Low management
    (D)   1- Up management, 2-Centre management, 3- Down management
70   Which is the disadvantage of co-operative society?
    (A)   Beneficial to common man
    (B)   Members are involved in decision making
    (C)   Straightens rural economic
    (D)   None of these
71   Security of job is maximum in —–.
    (A)   Partnership
    (B)   Public sector
    (C)   Joint Stock companies
    (D)   Co-operative societies
72   According to Factory Act, an ambulance room should be provided by every factory if the number of workers is more than —–.
    (A)   500
    (B)   300
    (C)   400
    (D)   450
73   —– takes in account only those cost, e.g., direct labour and material, which vary with output and over which the department has control
    (A)   Fixed budget
    (B)   Variable budget
    (C)   Functional budget
    (D)   All of the above
74   —– capital is that amount of capital which must be in cash or current asset for continuing the activities of business.
    (A)   Gross working
    (B)   Net working
    (C)   Permanent working
    (D)   Temporary working
75   Which of the following is not correct assumption in calculating EOQ?
    (A)   The ordering cost is constant
    (B)   The ate of demand/consumption does not change
    (C)   The lead time is not fixed
    (D)   items do not change with quantity i.e.; no discount is available
76   Each event of ordering has a certain cost associated with it called —–.
    (A)   procurement cost
    (B)   carrying cost
    (C)   holding cost
    (D)   purchasing cost
77   ABC analysis divides an organization on hand inventory into three classes based upon:
    (A)   annual consumption value
    (B)   annual consumption
    (C)   unit price
    (D)   the number of units on hand
78   Pick the false statement about ERP vendors.
    (A)   They have been slow to develop offerings related to e-commerce.
    (B)   They have a huge installed base of customers.
    (C)   They are now shifting gears to develop applications for good electronic commerce websites.
    (D)   They have a virtual stranglehold on “back- office” functions such as order fulfillment.
79   An effective QMS focuses on —–
    (A)   systematically developing and communicating a customer – focus mission, strategies and action plans
    (B)   listening and responding to the customers‟ needs and expectation
    (C)   continuously improve and increase their satisfaction with their process and environment
    (D)   gathering and analyzing key performance indicators to improve organizational and process result
80   5S was developed in Japan and stands for the Japanese words Seiri, Seiton, Seiso, Seiketsu, and Shitsuke. The English equivalent of 5S is –
    (A)   structurize, systemize, sanitize, standardize, self-discipline
    (B)   systemize, sanitize, standardize, self-discipline, structurize
    (C)   sanitize, standardize, self- discipline, structurize, systemize
    (D)   self-discipline, structurize, systemize, sanitize, standardize
81   Statement 1: The organization must establish, document, implement and maintain documented procedures for its internal audit, corrective and preventive action processes, among others Statement 2: This is a requirement of ISO9001:2000
    (A)   The first statement is true, but the second statement is false
    (B)   The first statement is false, but the second statement is true
    (C)   Both statements are true, and the second statement explains the first statement.
    (D)   the second statement does not provide an adequate explanation for the first statement.
82   Manufacturing is —–.
    (A)   completing demand
    (B)   production of merchandize
    (C)   gaining profit
    (D)   None of above
83   —– is described as willing exchange of goods.
    (A)   Service
    (B)   Manufacturing
    (C)   Trade
    (D)   All of above
84   The Indian Textile industry was predominantly —– based during post-independence.
    (A)   Wool
    (B)   Cotton
    (C)   polymers and plastics
    (D)   Fabrics
85   The functions of middle level management are
    (A)   Giving recommendations to top management
    (B)   Interpretation of policies framed by top management
    (C)   Framing rules and regulations to be followed by lower-level management
    (D)   All of above
86   Among the given options who are designated as members of middle level of management?
    (A)   Senior Managers
    (B)   Junior Managers
    (C)   Supervisors
    (D)   All of above
87   Comparing actual performance with the standard is —– steps in process of directing.
    (A)   first
    (B)   second
    (C)   third
    (D)   last
88   these basic steps: (1) identifying the problem; (2) identifying resources and constraints, (3) generating alternative solutions, (4) evaluating alternatives, (5) selecting an alternative, (6) implementing the alternative, and (7) monitoring the alternative
    (A)   Directing
    (B)   Controlling
    (C)   Decision making
    (D)   Coordinating
89   Bank of Maharashtra, Bata India Ltd, Bharat fertilizers Ltd etc., are which types of companies?
    (A)   Government departments
    (B)   Public companies
    (C)   Public corporations
    (D)   All of the above
90   Crèches should be provided when there are more than —– female workers having children of age below —– years.
    (A)   100, 6
    (B)   25, 6
    (C)   25, 9
    (D)   30, 6
91   —– is prepared to co-ordinate between various budget.
    (A)   Master budget
    (B)   Sales budget
    (C)   Production budget
    (D)   Material budget
92   Which of the following is function of financial management?
    (A)   Keep a check and control over the expenditure
    (B)   Periodically evaluate the progress of each department
    (C)   Determine the financial of the organization after analyzing efficiency
    (D)   Fix product price giving due consideration to profit optimization
93   What is the total amount of liabilities from this balance sheet?
    (A)   22290
    (B)   120140
    (C)   225770
    (D)   Nil
94   Instead of each department having its own database of information, —– puts all of the information into a single place
    (A)   MRP
    (B)   MPS
    (C)   BOM
    (D)   ERP
95   —– is the process of planning, procuring, storing and providing the appropriate material of the right quality, right quality at the right place in the right time.
    (A)   Financial management
    (B)   Materials management
    (C)   Operation management
    (D)   Marketing management
96   —– is just a transaction and is basic activity of purchase
    (A)   Purchasing
    (B)   Placement
    (C)   Procurement
    (D)   Purchase order
97   From the EOQ, label the cost at point 1 and 2.
    (A)   (1) Ordering cost (2) Storage cost
    (B)   (1) Storage cost (2) Ordering cost
    (C)   (1) Inventory cost (2) Ordering cost
    (D)   (1) Ordering cost (2) Inventory cost
98   Which statement about kaizen is wrong?
    (A)   It needs heavy investment
    (B)   It gives commitment to
    (C)   It is a Japanese technique
    (D)   It is a continuous
99   SME’s stands for —–.
    (A)   Small and Medium sized enterprises
    (B)   Small and Medium sized entity
    (C)   Small and Medium sized enrollment
    (D)   Small and Medium sized effects
100   —– is popularly known as the Silicon Valley of India and IT capital of India.
    (A)   Mumbai
    (B)   Hyderabad
    (C)   Bengaluru
    (D)   Kolkata

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