CO6I, EE5I, EJ6I, IF6I, ME5I
22509
Multiple Choice Questions (MCQs)
Page 01/02/03/04/05/06/07/08/09/10/11/12/13/14/15/16
1 Direct Supervision on workers is function of- (A) Top Level Management
- (B) Middle Level Management
- (C) Low Level Management
- (D) Operating force
2 Indian Insurance sector has number of insurance companies.
- (A) 112
- (B) 20
- (C) 52
- (D) 86
3 Globalization is not intended for free flow of —–
- (A) Capital
- (B) Labour
- (C) Products
- (D) Diseases
4 Service Industry provides
- (A) Tangible Goods
- (B) Intangible Goods
- (C) Manufactured Goods
- (D) Imported Goods
5 Business firms produce and supply wide varieties of goods and —– required by the society.
- (A) Money
- (B) Services
- (C) Entities
- (D) social services
6 Following will not come under inventory
- (A) Tools
- (B) Machines
- (C) Lubricants
- (D) Milling Cutter
7 ‘A’ kind of items in ABC analysis
- (A) do not need close control
- (B) constitute 70 % of inventory
- (C) purchased on time
- (D) purchased in large quantity
8 Purchase Order Includes
- (A) Quantity of Items
- (B) Invoice Number
- (C) Quantity in Stock
- (D) All Above
9 Which one of the following is not a Module of ERP?
- (A) Manufacturing
- (B) HR
- (C) Quality Control
- (D) Supply Chain Management
10 Main eight sections of ISO 9001:2000 does not include
- (A) Quality Management System
- (B) Resource Management
- (C) Recruitment
- (D) Measurement. Analysis &Improvement
11 Quality Circle People
- (A) Discuss Grievances
- (B) Discuss Work-related Problems
- (C) Meet once in a month
- (D) Not a voluntary participation
12 Elements of TQM include
- (A) Ethics
- (B) Training
- (C) Both above
- (D) None Above
13 Objectives of Quality Control includes 1. Establish desired quality standards 2. To determine deviations in quality 3. Ascertain causes in deviations 4. To use modern techniques of measurement.
- (A) 1, 2 and 3 only
- (B) 1. 3 and 4 only
- (C) 1,2,3 and 4
- (D) 2,3 and 4 only
14 What system helps make calculations regarding the volume and timing of materials needed?
- (A) Production plan
- (B) Material Scheduling
- (C) Material requirement Planning
- (D) Material Resource Planning
15 Which of the following describe an ERP System?
- (A) ERP system provide a foundation for collaboration between department
- (B) ERP system enable people in different business areas to communicate
- (C) widely adopted in large organization to store critical knowledge used to make the decision that drive the organization’s performance
- (D) All of the above
16 The following is an example of direct taxes
- (A) Sales tax
- (B) Income tax
- (C) Excise duties
- (D) Toll tax
17 one use of inventory is
- (A) To provide a hedge against inflation
- (B) To ensure that item cost is maximized
- (C) To tightly link a firm’s production with its customers’ demand
- (D) To tightly link production & distribution process
18 Material Management is also called
- (A) Distribution Planning
- (B) Control & logistics
- (C) Both of the above
- (D) Neither of the above
19 ABC analysis is used for
- (A) CPM
- (B) PERT
- (C) Inventory Control
- (D) None of the above
20 The quantity discount model is most similar to which one of these models
- (A) ROP
- (B) EOQ
- (C) Fixed interval
- (D) EPQ
21 A budget is the plan of the various costs and expenses needed to operate the business based on the short-term forecast
- (A) Capital budget
- (B) Operating Budget
- (C) Cash Budget
- (D) Resource Budget
22 The most common causes of financial problems are
- (A) Undercapitalization
- (B) Inadequate expense control
- (C) credit term
- (D) all of the above
23 A statement that projects management’s expectations for revenues and based on those financial expectations, allocates the use of specific resources throughout the firm is called
- (A) A cash flow
- (B) A budget
- (C) A resource plan
- (D) A resource allocation
24 The steps in financial planning are
- (A) needs and developing budgets to meet those needs
- (B) Identify sources of financing
- (C) controls to ensure the company is following financial plans
- (D) option (A) and option (C)
25 Departmentalization is a(n)
- (A) Form of informal Communication
- (B) Element of organizational structure
- (C) Type of formalization
- (D) component of a flat span of control
26 Which of the following is an advantage of a sole proprietorship?
- (A) Ease of starting a business
- (B) Being your own boss
- (C) pride of ownership
- (D) All of the above
27 The primary purpose of employee safety programme is to preserve the
- (A) Mental Health
- (B) Physical Health
- (C) Emotional Health
- (D) All of the Above
28 Which structure is usually optimal for project-based organization with fluctuating workload?
- (A) Functional
- (B) Divisional
- (C) Matrix
- (D) Network
29 A flat organizational structure creates a —– span of control
- (A) Narrow
- (B) wide
- (C) Centralized
- (D) Informal
30 As organization grow, they tend to decision making authority.
- (A) Centralize
- (B) Decentralize
- (C) Control
- (D) Standardize
31 Which of these statements about organizational structure is (are) true?
- (A) It refers to the division of labour
- (B) It refers to patterns of coordination
- (C) flow and formal power that direct organizational activities
- (D) ALL of the above Statements are true
32 Fredrick Taylor stressed on
- (A) Selecting the right people for the job
- (B) Division of labour
- (C) unity of command
- (D) unity of Direction
33 Planning, organizing, directing and controlling are the
- (A) Goals of management
- (B) Functions of management
- (C) results of management
- (D) all of the above
34 During the agricultural revolution, all of the following transformed the economy except
- (A) Coal, oil and other new energy sources
- (B) job specialization
- (C) trade
- (D) permanent settlements
35 The primary sector includes all of the following except
- (A) forestry
- (B) Manufacturing
- (C) Mining
- (D) Agriculture
36 Which of the following is not a type of copyright work?
- (A) Literary Works
- (B) Furniture
- (C) Sculpture
- (D) Musical Works
37 Globalization involves
- (A) Stretching of social, political and economic activities across political frontier
- (B) A growing magnitude of interconnectedness in almost every sphere of social existence
- (C) An accelerating pace of global interactions and processes associated with a deepening enmeshment of the local and the global
- (D) All of the answer options given are correct
38 Where was TQM first developed?
- (A) USA
- (B) UK
- (C) JAPAN
- (D) KOREA
39 Which of the following is not a record required by ISO 9001:2000?
- (A) Review of requirements related to the product
- (B) Definition of the work environment
- (C) Results of preventive action
- (D) Management review records
40 Following is not a part of the of steps for purchasing a) Getting requisition from various departments b) Obtaining Quotations c) Making budget d) Preparing Purchase orders
- (A) a
- (B) b
- (C) c
- (D) d
41 Reliance company has a common software platform integrating all its functions materials, finance, personnel, sales, etc. The company is said to have one of the following in place
- (A) JIT
- (B) Enterprise Resource Planning (ERP)
- (C) 5S
- (D) Kaizen
42 In any factory, bulk usage of items is of which type
- (A) A type
- (B) B type
- (C) C type
- (D) All
43 In ABC analysis all materials are divided into how many types
- (A) 4
- (B) 3
- (C) 2
- (D) 5
44 The point at which ordering cost is equal to carrying cost in materials management is called as
- (A) EOQ
- (B) Optimal point
- (C) Breakeven point
- (D) Ideal Point
45 Which of the following items manufactured in India is not liable for Excise tax?
- (A) Sugar
- (B) Salt
- (C) Steel
- (D) Soap
46 Capital required by a company to purchase building for starting the company is called as
- (A) Working capital
- (B) Fixed capital
- (C) Loan
- (D) Debt
47 Which is the budget to which all other budgets are geared
- (A) Sales
- (B) Production
- (C) Labour
- (D) Materials budget
48 Mr. X has two flats in, Mumbai, he and his family resides in one flat and the other flat he has given on rent, the money he earns from getting the rent is liable for which tax.
- (A) Excise tax
- (B) Income tax
- (C) Service Tax
- (D) Value added tax
49 Welfare of the employees is taken care by which industrial act
- (A) Factory Act
- (B) Workman Compensation
- (C) Industrial Dispute Act
- (D) Employees State Insurance
50 A small child 8 years old is working in XYZ company manufacturing silk sarees. Which act is being violated by the company?
- (A) Industrial Dispute act
- (B) Workman Compensation Act
- (C) Factory Act
- (D) Employees State Insurance Act
51 The necessity of industrial acts is to protect the interests of:
- (A) Workers
- (B) employers
- (C) A and B
- (D) none of the above
52 A worker has used cutter instead of a plier for doing some job, and he gets a cut on his right hand. What is the cause of this accident classified as?
- (A) Mechanical factor
- (B) Environment factor
- (C) Human cause
- (D) Technical cause
53 Which of the following is not a safety measure to avoid accidents?
- (A) Safety slogans
- (B) Proper lighting
- (C) over confidence
- (D) Fencing of equipment
54 My friend and I start a company, she is just providing money in the business, she does not look into the day-to-day activities of the company, our company has which form of ownership
- (A) Limited Partnership
- (B) Public Ltd
- (C) Proprietorship
- (D) Joint Stock
55 Authority means
- (A) Legitimate right of a person to exercise influence
- (B) Legitimate right to make decisions
- (C) Right to direct others
- (D) All the above
56 An automobile company has departments for two wheelers and four wheelers, what is the method of departmentation this company has adopted
- (A) By function
- (B) By product
- (C) By process
- (D) By markets
57 Myself and my friend start a company, which type of organization it will be from the structure point of view at the start with simple format, small size
- (A) Line
- (B) Line & Staff
- (C) Functional
- (D) Project
58 Policy making is the role of
- (A) People
- (B) Management
- (C) Administration
- (D) Country
59 The act of getting people together to work for a common goal is called as
- (A) Organizing
- (B) Management
- (C) Administration
- (D) Motivation
60 The number of management principles given by Henry Fayol are
- (A) 12
- (B) 10
- (C) 17
- (D) 14
61 CEO belongs to which level of management
- (A) Bottom level
- (B) Top level
- (C) Middle level
- (D) No level
62 Name the type of business enterprise concerned with the distribution of goods
- (A) Manufacturing
- (B) Trading
- (C) Selling
- (D) Buying
63 Dryers and cleaners are examples of which services
- (A) Direct services
- (B) Indirect services
- (C) both
- (D) None
64 An economic activity involving the regular production or distribution of goods and services with the object of earning profits through satisfaction of human needs is called as
- (A) Business
- (B) Management
- (C) Administration
- (D) Social Service
65 Following is not the definition of Quality
- (A) Fitness for purpose
- (B) It signifies degree of
- (C) Conformance to
- (D) experience of people
66 If the company has a goal to accept only .0003%defect, which is the most important modern technique it should adopt.
- (A) ERP
- (B) SAP
- (C) BAAN
- (D) 6 Sigma
67 order as per use, keep them clean, standardize the process and sustain this activity. Which modern technique and system of Quality management it is adopting
- (A) 5S
- (B) Kaizen
- (C) TQM
- (D) 6 Sigma
68 hospitality industry, consulting (ii) legal practice, healthcare, waste disposal (iii)real estate, personal services, business services (iv) house decorators, entertainers.
- (A) only (I)
- (B) (i) and (ii)
- (C) (ii) and (iv)
- (D) all of above
69 Which is important factor in deciding structure of organization?
- (A) functions
- (B) specialization
- (C) types of products
- (D) all
70 Which is the pre requisite of effective delegation?
- (A) Decision making freedom
- (B) Knowledge of designation
- (C) Independent subordinates
- (D) all the above
71 Sales department in Nokia is the example of …………………………
- (A) Departmentation by function
- (B) Departmentation by process
- (C) departmentation by product
- (D) none
72 ……………………… is the management of finance of an organization in order to achieve financial objectives.
- (A) Financial Management
- (B) Material Management
- (C) Personnel Management
- (D) Operation Management
73 Which is the factor responsible in the selection of types of ownerships?
- (A) Types of business
- (B) scope of business
- (C) capital required
- (D) all
74 which of the following is wrong?
- (A) the wealth invested in business to generate income is called capital
- (B) if the capital is not managed properly no losses may be incurred
- (C) Financial management is the management of finance of an organization in order to achieve financial objectives
- (D) none
75 The objective of inventory management is …………………….
- (A) to ensure continuous supply of materials
- (B) and under stocking of inventory
- (C) to minimize losses resulting from inventory deterioration
- (D) all
76 Which of the following is correct?
- (A) known as the order quantity
- (B) In manufacturing, EOQ is called the production lot size
- (C) both (i) and (ii)
- (D) none
77 Procurement cost consists of ……………………………
- (A) Cost of receiving quotations
- (B) quotations and issuing purchase order
- (C) cost of following up and expediting purchase order
- (D) all
78 Carrying(holding) cost;
- (A) you hold more and more inventory
- (B) hold more and more inventory
- (C) These costs decrease as you hold fewer inventories
- (D) none
79 which of following is wrong?
- (A) quality is degree of excellence
- (B) quality is fitness for use
- (C) quality means less maintainability
- (D) quality means conformance to requirements
80 Following are the business pattern is not coming under service industry.
- (A) ITES
- (B) Banking
- (C) Real Estate
- (D) Textile mill
81 Which is unimportant word in the definition of organization?
- (A) Group of persons
- (B) Common Aim
- (C) Profit
- (D) United together
82 All the partner has same status in
- (A) General partnership
- (B) Nominal partnership
- (C) Limited partnership
- (D) None of the above
83 If an affected worker recovers within 10 hours, then it is a —– accident.
- (A) Minor
- (B) Reportable
- (C) Major
- (D) Fatal
84 —– is the financial snapshot of the organization.
- (A) Profit and loss account
- (B) Balance sheet
- (C) Snap Sheet
- (D) Budget
85 Capital invested on Buildings’ is an example of:
- (A) Fixed capital
- (B) Floating capital
- (C) Circulating capital
- (D) None of the above
86 Which is not the type of profit and loss account?
- (A) Report form
- (B) Step form
- (C) Account form
- (D) None of the above
87 Statement 1 – Income tax is levied by central government. Statement 2 – Income tax is to be paid by all employees.
- (A) Both 1 and 2 are correct
- (B) Both 1 and 2 are wrong
- (C) 1 correct, 2 wrong
- (D) 1 wrong, 2 correct
88 The stock of material, maintained in order to avoid ‘no stock’ situation is called
- (A) Additional stock
- (B) Buffer stock
- (C) Extra stock
- (D) None of the above
89 Calling quotation, order follow-up, material receiving. Placing PO are the
- (A) Quality department
- (B) Purchase department
- (C) Inventory department
- (D) Marketing department
90 Quality standards should be related to
- (A) Performance
- (B) Acceptance
- (C) Economically Feasibility
- (D) All of the above
91 Statement 1 – Quality Assurance is a proactive approach. Statement 2 – Quality Assurance improves quality of product.
- (A) Both 1 and 2 are correct
- (B) Both 1 and 2 are wrong
- (C) 1 correct, 2 wrong
- (D) 1 wrong, 2 correct
92 —– is willing to exchange of goods.
- (A) Trade
- (B) Service
- (C) Manufacturing
- (D) both I and ii
93 Following is not associated with insurance
- (A) Bajaj Allianz
- (B) Max Life
- (C) LIC
- (D) ICC
94 How many needs are mentioned in Maslow’s need hierarchy?
- (A) 6
- (B) 5
- (C) 4
- (D) 3
95 Which is not the public sector?
- (A) Government Department
- (B) Public Limited Company
- (C) Public Corporation
- (D) Public Company
96 Car division in Tata Motors is example of
- (A) Departmentation by product
- (B) Departmentation by function
- (C) Departmentation by process
- (D) None of the above
97 The duties and qualification of Labour Welfare Officer is prescribed by:
- (A) Factory head
- (B) Industry Minister
- (C) State Government
- (D) None of the above
98 Customer Advances are included under —– source of finance.
- (A) Long-term
- (B) Short-term
- (C) Medium-term
- (D) None of the above
99 For making Labour Budget, workers are classified into
- (A) Skilled
- (B) Semi-skilled
- (C) Unskilled
- (D) All of the above
100 The earning capacity and potential of a firm are reflected in —–
- (A) Balance sheet
- (B) Profit and loss account
- (C) both i and ii
- (D) None of the above