Management-11

CO6I, EE5I, EJ6I, IF6I, ME5I

22509

Multiple Choice Questions (MCQs)

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1   Which is not the merit of Indirect tax?
    (A)   Convenient
    (B)   Equitable
    (C)   Wide coverage
    (D)   Certain
2   Which is not the cost concerned with EOQ?
    (A)   Procurement cost
    (B)   Inventory carrying cost
    (C)   Total cost
    (D)   Primary cost
3   What will be happen when there is no buffer stock?
    (A)   Production stoppage
    (B)   Delay in deliveries
    (C)   loss of reputation
    (D)   All of the above
4   Statement 1 – Procurement is a systematic process. Statement 2 – Purchasing is a routine process.
    (A)   Both 1 and 2 are correct
    (B)   Both 1 and 2 are wrong
    (C)   1 correct, 2 wrong
    (D)   1 wrong, 2 correct
5   Benefits of TQM are —–
    (A)   Increase efficiency
    (B)   Encourages customer satisfaction
    (C)   Inspection costs are reduced
    (D)   both i and ii
6   The Six Sigma methodology endorses
    (A)   DMAIC concept
    (B)   CRM concept
    (C)   Quality circle concept
    (D)   TQM concept
7   For staffing, inventory, production etc. company develops and design a plan called —–
    (A)   MPS
    (B)   MRP
    (C)   ERP
    (D)   EPS
8   ERP stands for —–
    (A)   Enterprise Resource
    (B)   Enterprise Resource Process
    (C)   Enterprise Resource
    (D)   None of the above
9   The goal of Total Quality Management is
    (A)   Customer satisfaction
    (B)   Product differentiation
    (C)   Brand Equity
    (D)   Action Globally
10   Service Tax introduce in India in year
    (A)   1993
    (B)   2004
    (C)   1994
    (D)   1989
11   Mr. Praful Kulkarni is working in Birla Pvt. ltd in the capacity of Foreman. Company provided him certain protecting devices under ACT.
    (A)   Factory Act
    (B)   Minimum Wages Act
    (C)   Compensation Act
    (D)   Safety provisions Act
12   According to F.W. Paich can be defined as “the provision of money at the time it is wanted”
    (A)   Finance
    (B)   Capital
    (C)   Budget
    (D)   VAT
13   when foreign investors do huge sale of stocks back to its own country it is referred as —–
    (A)   Bank loans
    (B)   Hire Purchase
    (C)   Equipment leasing
    (D)   Profit Flow Back
14   ……has to kept at secured and separate place which is not easily accessible.
    (A)   Inflammable Material
    (B)   Machine Safeguards
    (C)   Protecting Devices
    (D)   All of the above
15   organizational —– is mainly about adjusting work assignment, man power, and facilities that are required when temporary changes occur while working
    (A)   Balance
    (B)   Stability
    (C)   Flexibility
    (D)   None of the above
16   Balaji Telefilms industries refers to which of the following company type-
    (A)   Private limited company
    (B)   Ownership company
    (C)   Public Company
    (D)   Government
17   BIRLA Industries Ltd. Is a form of –
    (A)   Single Ownership
    (B)   Partnership
    (C)   Private ltd
    (D)   Joint Stock Company
18   1. can be defined as the set of steps to do the particular activity or activities in systematic manner.
    (A)   Organizing
    (B)   Planning
    (C)   Directing
    (D)   Motivating
19   1. Goal and solid decision making allows ………to very fast and becomes stable in the market.
    (A)   Business to Grow
    (B)   Business to Market
    (C)   Business to Business
    (D)   None Of the Above
20   —– is a right for giving orders and the power to ensure obedience
    (A)   Division of work
    (B)   Discipline
    (C)   Authority and Responsibility
    (D)   Work
21   Which definition best describes the process of globalization?
    (A)   capitalist companies are spreading across the planet
    (B)   we all now live in a single society
    (C)   individuals, groups and nations are becoming more interdepend
    (D)   human beings now live on every continent of the planet
22   1) 80:20 rule can also be called as
    (A)   Fish bone Diagram
    (B)   Pareto Diagram
    (C)   Scatter Diagram
    (D)   Histogram
23   Causes of accidents are:
    (A)   Accidents because of workers
    (B)   Accidents because of management
    (C)   Both a) and b)
    (D)   None
24   a —– assists in taking decisions correctly and also implementing it effectively and efficiently.
    (A)   line organization.
    (B)   line and staff organization
    (C)   functional organization
    (D)   all of above
25   —– can culminate into strikes or fights among employees and cause serious consequences to the organization.
    (A)   communication
    (B)   good communication
    (C)   miscommunication
    (D)   all of above
26   —– can be defined as running business by the single owner
    (A)   Proprietorship
    (B)   Partnership
    (C)   Private limited
    (D)   Public limited
27   Departmentalization can be done on the basic of following factor:
    (A)   process
    (B)   products
    (C)   Function
    (D)   All of above
28   Decision taken by supervisor could be:
    (A)   change in work schedule or rescheduling
    (B)   Increase or decrease in production depending on current situations.
    (C)   Decision regarding rejection of raw material or finished products
    (D)   All of the above
29   —– allows employees to get involved in the process of decision making for better results
    (A)   Unity of direction
    (B)   Centralization
    (C)   Discipline
    (D)   Unity of commands
30   The great thought of motivating the workers or employees for better results have come up from —– of management
    (A)   The classical school
    (B)   The behavioral school
    (C)   The quantitative or management science school
    (D)   All of the Above
31   1. Types of business
    (A)   Service
    (B)   Manufacturing
    (C)   Trade
    (D)   All of Above
32   Adolescent is a person of the age in between
    (A)   15-18
    (B)   18-21
    (C)   21-25
    (D)   58-61
33   Vat started in Maharashtra from
    (A)   2003
    (B)   2004
    (C)   2005
    (D)   2006
34   —– uses all the resources of the enterprise in a systematic
    (A)   MRP
    (B)   MRPII
    (C)   ERP
    (D)   None
35   Economic order quantity is represented by
    (A)   Q0
    (B)   Eo
    (C)   Eoq
    (D)   None
36   Discipline comes in
    (A)   Seiri
    (B)   Seiso
    (C)   Seiketsu
    (D)   Seiton
37   Implementation of policy making in an industry is a role of –
    (A)   Management
    (B)   Administration
    (C)   Public
    (D)   Workers
38   Follow in not the strength of textile industry
    (A)   Cheap workforce
    (B)   Demand is continuous
    (C)   Import of raw material
    (D)   Huge capacity of production
39   Globalization has disadvantage
    (A)   Industrialization
    (B)   Pollution of air, soil, water
    (C)   Adaption of western culture
    (D)   All of the above
40   The year 1991 is famous for
    (A)   New Fiscal deficit policy
    (B)   IT parks initiated in Bangalore
    (C)   Globalization policy, liberalization were accepted by India
    (D)   Policies of cooperative societies changed
41   Hindustan Petroleum Is a form of –
    (A)   Single Ownership
    (B)   Partnership
    (C)   Public Sector
    (D)   Private ltd.
42   Which organization is temporary in nature?
    (A)   Line and staff organization
    (B)   Line organization
    (C)   Project organization
    (D)   Staff Organization
43   Which of following is not the direct tax?
    (A)   Custom Duty
    (B)   Excise
    (C)   Sales
    (D)   All of the above
44   Working capital is required for
    (A)   Advertisement
    (B)   Salary
    (C)   Maintenance
    (D)   All of the above
45   The summarized budget of entire enterprise is known as.
    (A)   Master Budget
    (B)   Template Budget
    (C)   Main Budget
    (D)   Enterprise Budget
46   Who is responsible “unguarded moving parts”?
    (A)   Workers
    (B)   Management
    (C)   Government
    (D)   None of the above
47   —– is the financial snapshot of the of the organization.
    (A)   Balance Sheet
    (B)   Profit and Loss Account
    (C)   Snap Sheet
    (D)   Budget
48   Following is not concerned with modern techniques in material management
    (A)   MRP
    (B)   SAP
    (C)   ERP
    (D)   5S
49   A’ type of items are purchased in
    (A)   Sufficient quantities
    (B)   Small quantities
    (C)   Medium quantities
    (D)   None of the above
50   —– determines quantity and timing for materials planning
    (A)   MRPII
    (B)   SAP
    (C)   ERP
    (D)   MRP
51   Number of subordinates handled by a manager effectively called as
    (A)   Authority
    (B)   Delegation
    (C)   Span of Control
    (D)   Scop of Control
52   Economics 3. Maslow (iii) Principles of Management 4. Henry Fayol (iv)Scientific Management
    (A)   1-(ii),2-(iv),3-(i),4-(iii)
    (B)   1-(ii),2-(iii),3-(iv),4-(i)
    (C)   1-(iii),2-(iv),3-(i),4-(ii)
    (D)   1-(iv),2-(i),3-(ii),4-(iii)
53   Pickles, papad, basket making are products of —–
    (A)   Chemical Industry
    (B)   Agro Industry
    (C)   IT Industry
    (D)   Banking Industry
54   Industries associated with are computer hardware, software, electronics, semiconductors, internet, telecom equipment and e-commerce
    (A)   IT Industry
    (B)   Banking Industry
    (C)   Insurance Industry
    (D)   Retail Industry
55   —– is a process of dividing large organization into small and flexible administrative units.
    (A)   Divisions formation
    (B)   Defragmentation
    (C)   Departmentation
    (D)   Partitioning
56   Which statement is wrong? In product type departmentation
    (A)   People become expert in the work allotted to them
    (B)   Product may become brand name
    (C)   Attention is given to the product
    (D)   No duplication of work
57   Under which of the following case, an employer has to provide compensation to an employee?
    (A)   Injury caused during employment
    (B)   permanent disablement due to accident
    (C)   death due to accident
    (D)   all of the above
58   A joint stock company divides the capital required into units of equal denomination of Rs. 1,2,5 or 10. Each unit is called a ……
    (A)   Budget
    (B)   Debenture
    (C)   Share
    (D)   Balance sheet
59   on value addition at each stage of transaction in the production/ distribution chain.
    (A)   Customs duty
    (B)   Sales Tax
    (C)   Service Tax
    (D)   VAT
60   While deciding how to manage inventory, the question to be answered is
    (A)   How much should we
    (B)   How often should we order?
    (C)   Both (a) and (b)
    (D)   None
61   Which of the following is not a step in purchasing?
    (A)   If necessary, request for quotations is made on prescribed quotation form to all the selected sources of supply
    (B)   To achieve integration with other departments of the company
    (C)   Open the quotations at prescribed time on the prescribed date
    (D)   Prepare a comparative statement of the rates, terms and conditions mentioned in the quotations and then analyze them
62   A product/service is said to possess good quality if it fulfills the following requirements. 1. Suitability (It is fit for the intended use) 2. Reliability (It gives efficient and consistent performance) 3. Durability (It has desired life) 4. Safe and foolproof workability (Its working is safe and foolproof)
    (A)   All 1,2, 3,4
    (B)   1 and 2
    (C)   2 and 3
    (D)   1,3 and 4
63   —– is a management technique used to communicate to employees what is required to produce the desired quality of products and services and to influence employee actions to complete tasks according to the quality specifications
    (A)   QC
    (B)   5S/9+
    (C)   KAIZEN
    (D)   QMS
64   In 1991 India adopted —–
    (A)   Policies of co-operative.
    (B)   initiate IT parks.
    (C)   Globalization policy
    (D)   Fiscal Deficit policy
65   Types Of Business —–
    (A)   Manufacturing
    (B)   Trade
    (C)   Service
    (D)   All of above
66   Cipla Ltd is
    (A)   Textile company
    (B)   Chemical Company
    (C)   IT industry
    (D)   All of above
67   Scientific management works on
    (A)   Research &experimentation
    (B)   trial & error
    (C)   more attention on production only
    (D)   Tradition management theory
68   Setting basic goals and objectives is function of –
    (A)   upper middle level management
    (B)   Top level management
    (C)   Middle level management
    (D)   Low level management
69   ABC industry start their recruitment process in which manager select qualified people for various job position in organization. This activity is —–
    (A)   Forecasting
    (B)   Organizing
    (C)   Leadership
    (D)   Staffing
70   How many partners are eligible for partnership?
    (A)   2
    (B)   02-May
    (C)   02-Oct
    (D)   ALL of the above
71   The firm type of Bajaj Auto Ltd is
    (A)   Proprietorship
    (B)   Partnership
    (C)   Joint stock company
    (D)   Public Sector
72   Sai Sale services is trading business started by four persons by investing 2lacks each. Which is suitable ownership for that business.
    (A)   Private Limited
    (B)   Partnership
    (C)   Proprietorship
    (D)   Both i & ii
73   Fixed capital is also called as
    (A)   Tight capital
    (B)   Blocked capital
    (C)   working capital
    (D)   current capital
74   Which of the following illustrates the use of a hedging (or matching) approach to financing?
    (A)   Short-term assets financed with long-term liabilities.
    (B)   Permanent working capital financed with long-term liabilities.
    (C)   Short-term assets financed with equity.
    (D)   All assets financed with a 50percent equity, 50 percent long-term debt mixture.
75   Which business is liable for VAT?
    (A)   Importers
    (B)   manufacturer
    (C)   Distributor
    (D)   All
76   The ABC company Investment in purchasing raw material, salary is come under
    (A)   Working Capital
    (B)   fixed capital
    (C)   blocked capital
    (D)   ALL
77   —– is set of activities that ensure right material at right quality and quantity in right time
    (A)   Purchase Department
    (B)   Quality Department
    (C)   Marketing department
    (D)   None of these
78   Inventory control objectives
    (A)   Minimize investment in inventory
    (B)   maximize the service level to the firm’s customer & its operating departments
    (C)   Both i & ii
    (D)   None of these
79   Circle leader is from —–
    (A)   Management
    (B)   Board Of directors
    (C)   workers
    (D)   Supervisors
80   A paper mill supplies a corrugated container manufacturer with Kraft paper. The corrugated container manufacturer uses Kraft paper to manufacture corrugated shipping containers that are then sold to a cereal manufacturer. Which of the following is true?
    (A)   The corrugated container manufacturer is an internal customer to the cereal manufacturer.
    (B)   cereal manufacturer is an external customer to the paper mill.
    (C)   Both the paper mill and cereal manufacturer are External customers to the corrugated container manufacturer.
    (D)   None of these
81   GATT stands for
    (A)   General Awareness on Tariff and Trade
    (B)   General Agreement on Tariff and Trade
    (C)   Global Agreement on Tariff and Trade
    (D)   Global Agreement nontariff and Transport
82   Product are produced in
    (A)   Trade industry
    (B)   Manufacturing industry
    (C)   service Industry
    (D)   All of above
83   Banking Business is
    (A)   Service
    (B)   Manufacturing industry
    (C)   Trade
    (D)   None of these
84   Which is the process by which manager select, train, promote and retire their subordinates
    (A)   Staffing
    (B)   Directing
    (C)   Co ordinating
    (D)   Controlling
85   The process of breaking down an enterprise into various departments is
    (A)   Departmentation
    (B)   Project Organization
    (C)   Span of control
    (D)   None of these
86   Investment raised by shareholder from public for profit-based business in
    (A)   Proprietorship
    (B)   Partnership
    (C)   Joint stock Company
    (D)   Cooperative enterprises
87   Form of ownership which is nonprofit based is
    (A)   Proprietorship
    (B)   Partnership
    (C)   Joint stock Company
    (D)   Cooperative enterprises
88   Kirloskar Pneumatic Limited Company is
    (A)   Public Limited
    (B)   Private Limited
    (C)   Partnership
    (D)   Proprietorship
89   Sai Krupa Sugar & allied industry form by Mr. XYZ with 7 Board of director with, CEO. Under CEO, Plant Manager, Finance, & market. Plant Manager supervise on supervisor. Workers are under Supervisor. Investment raised by 43share holder in it. Then which is suitable Organization & form of Ownership
    (A)   Functional organization, Partnership
    (B)   Line & staff organization, Private ltd Company
    (C)   Line Organization, Proprietorship
    (D)   Project Organization, Cooperative enterprises
90   Injured Employer is not liable to compensate if:
    (A)   the worker recovers in 2hours
    (B)   the worker is under influence of drink or drugs
    (C)   any safeguard is removed by the workmen.
    (D)   All of above
91   working capital is also called
    (A)   blocked capital
    (B)   current capital
    (C)   fixed capital
    (D)   tight capital
92   Types of budgets:
    (A)   Fixed
    (B)   variable
    (C)   functional
    (D)   All of above
93   Johnson Company wants to procure Land & build the structure for its own company. Investment for this coming under
    (A)   Circulating Capital
    (B)   Fixed capital
    (C)   Working Capital
    (D)   None
94   The concept in management which concern with flow of material in an organization by using function like purchasing, storing, moving, distributing, production, dispatching is called
    (A)   Finance Management
    (B)   Quality management
    (C)   Material Management
    (D)   None
95   What is Ascending path for purchasing 1) Purchase Order 2) Material Requisition 3) market analysis 4) Quotation call 5) finalization of supplier
    (A)   1-2-3-4-5
    (B)   2-5-3-4-1
    (C)   4-3-1-2-5
    (D)   2-4-3-5-1
96   Standardizing includes in
    (A)   Seiri
    (B)   Seition
    (C)   Seiso
    (D)   Seiketsu
97   Industrial sector involves
    (A)   construction
    (B)   Fisheries
    (C)   Textile
    (D)   All of above
98   India is awarded a certification of POLIO free country in
    (A)   Jan-11
    (B)   Jan-09
    (C)   Jan-14
    (D)   Jun-11
99   Don Mackinnon, the person in charge of ” Hear Music” has been given goals related to the rollout and sales of this subsidiary of Starbucks. His success at implementing the strategy will be accessed by actual performance against the goals. This comparison is known as:
    (A)   Planning
    (B)   Organizing
    (C)   Controlling
    (D)   Implementing
100   A partner who is not publicly known as a partner but takes active part in the affairs of the business is
    (A)   Sleeping partner
    (B)   Active partner
    (C)   Secret partner
    (D)   Nominal partner

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