Management-16

CO6I, EE5I, EJ6I, IF6I, ME5I

22509

Multiple Choice Questions (MCQs)

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1   —– is used for all the current assets (Possessions or Property)
    (A)   Net working capital
    (B)   Gross working capital
    (C)   Temporary working capital
    (D)   Permanent working capital
2   For big industries, the amount of —– is very large.
    (A)   Depreciation provision
    (B)   Retained provision
    (C)   Deferred provision
    (D)   All of the above
3   A —– is one which relates to any of the function of an undertaking e.g., sales, production, cash, etc.
    (A)   Functional budget
    (B)   Fixed budget
    (C)   Variable budget
    (D)   All of the above
4   —– is a form of Indirect tax imposed on specified services called “Taxable Services”.
    (A)   Service tax
    (B)   Indirect tax
    (C)   Direct tax
    (D)   Income tax
5   —– is made up of list of the sub-assemblies as well as components that makes up the end product.
    (A)   Master production schedule
    (B)   Bill of material
    (C)   Material resource planning
    (D)   Inventory record file
6   Applications of six sigma are —–
    (A)   Maximize quality
    (B)   Identify ways to increase production capacities of present equipment
    (C)   Increases the cycle time for hiring and training new employees in organization
    (D)   All of the above
7   A quality policy makes a foundation for —–
    (A)   Commitment to quality
    (B)   Objective related improvement
    (C)   Objective related to customer requirements
    (D)   All of the above
8   A plan for the co-ordination of resources and expenditures
    (A)   Accounts
    (B)   Finance
    (C)   Ledger
    (D)   Budget
9   Which one of the following is not a type of share?
    (A)   Cumulative share
    (B)   Fixed share
    (C)   Deferred share
    (D)   Preference share
10   The sum that every shareholder gets is known as
    (A)   Amount
    (B)   Dividend
    (C)   Shares
    (D)   Capital
11   Person whose age is below 18 years is called a
    (A)   Dependent
    (B)   Workman
    (C)   Minor
    (D)   None of above
12   Industrial accidents are of the following types:
    (A)   fatal
    (B)   major
    (C)   minor
    (D)   All of the above
13   In order to have flexibility, the maintenance activities must be supported by —activities
    (A)   Co-ordinate
    (B)   Adaptive
    (C)   Supportive
    (D)   Financial
14   Departmentation helps to improve of an organization.
    (A)   Effectiveness
    (B)   Life
    (C)   Quality
    (D)   Skills
15   A business plan depends upon the information of
    (A)   Product
    (B)   Material
    (C)   Finance
    (D)   Market
16   —– is the right to issue order or make decisions
    (A)   To manage
    (B)   Government policy
    (C)   Supervise
    (D)   Authority
17   The function of employing eligible people for the company
    (A)   Planning
    (B)   Staffing
    (C)   Strategy
    (D)   Mission
18   According to Drucker the purpose of business
    (A)   To get money
    (B)   To acquire success in market
    (C)   To satisfy customers
    (D)   To create and keep
19   What does a business provide to the customer in exchange of their money?
    (A)   Goods and services
    (B)   Profit and services
    (C)   Satisfaction and reliability
    (D)   Knowledge and happiness
20   Main heads of income are
    (A)   Salary
    (B)   House property
    (C)   Profit in business
    (D)   All of the above
21   Working Capital is calculated as
    (A)   Working Capital=Current Assets-Current Liabilities
    (B)   Capital=Fixed Assets-Current Liabilities
    (C)   Working Capital=Current Assets-Fixed Liabilities
    (D)   None
22   Which are the most important items
    (A)   A item
    (B)   B item
    (C)   C item
    (D)   None of these
23   Fill the name of inventory in the blank space provided
    (A)   Raw material
    (B)   Indirect material
    (C)   Work in progress
    (D)   Finished goods
24   Purchasing is one of the functions of management
    (A)   Production
    (B)   Material
    (C)   Design
    (D)   None of these
25   In inventory management by ABC analysis A items most costly, item C are inexpensive and item B have cost between A and B which item is having highest inventory
    (A)   Item A
    (B)   Item B
    (C)   Item C
    (D)   Item A and C
26   State owned or Co-operative businesses have one of their main objectives as the generation of………….
    (A)   (a) Loss
    (B)   (b) Profit
    (C)   (c) Service the society/nation
    (D)   (d) none
27   A commercial, industrial of professional activity undertaken by an individual or a group, e.g., the purchase & Sale of goods, providing services etc. in an attempt to make a profit is called
    (A)   (a) Budget
    (B)   (b) Business
    (C)   (c) Hospital
    (D)   (d) Education
28   Following are mentioned few duties. Which is not the duty of management?
    (A)   a) To keep stability
    (B)   b) To reduce wastages
    (C)   c)To motivate staff
    (D)   d)To do manufacturing
29   …………gives power in the hands of center.
    (A)   a) Responsibility
    (B)   b) Centralization
    (C)   c)Authority
    (D)   d)Discipline
30   Which of the following is one of the principles of organization?
    (A)   Order
    (B)   Span of Control
    (C)   Scalar Chain
    (D)   None of the above
31   Which type of organizational structure can be applied to small scale Industry?
    (A)   Line
    (B)   Line & Staff
    (C)   Functional
    (D)   None of the above
32   What is the function of Gang Boss?
    (A)   Repairing of Machines
    (B)   Setting up Jobs on Machine
    (C)   Deciding cutting tool and
    (D)   Inspection
33   Which of the following is type of Departmentation?
    (A)   By Product
    (B)   By Design
    (C)   By Quality
    (D)   None of the above
34   Which of the following is not a form of ownership?
    (A)   Joint Stock
    (B)   Proprietorship
    (C)   Partnership
    (D)   Dealership
35   Which of the following may be the cause of accident?
    (A)   a) Overconfidence of employee
    (B)   b) Proper Training
    (C)   c)Sound Knowledge
    (D)   d)None of the above
36   Which of the following is preventive measure of accident?
    (A)   a) Proper working condition
    (B)   b) Proper wages
    (C)   c)Proper feedback system
    (D)   d)None of the above
37   Finance may be defined as art & science of ……….
    (A)   Managing Material
    (B)   Managing Money
    (C)   Managing Men
    (D)   Managing Machinery
38   Fixed capital is the capital which is needed to meet the……….
    (A)   Short term purpose
    (B)   Long term purpose
    (C)   Medium term purpose
    (D)   None of the above
39   Balance sheet is a statement of……………
    (A)   a) Assets
    (B)   b) Liabilities
    (C)   c)Capital
    (D)   d) All of the above
40   A fee levied by a government on a product, income or activity is called
    (A)   Tax
    (B)   Duty
    (C)   Fines
    (D)   None of the above
41   Excise tax are…………. Tax whereas custom duties are taxes
    (A)   a) Inland, Border
    (B)   b) Border, Inland
    (C)   c)Higher, lower
    (D)   d)None of the above
42   Percentage of total inventory for “A” category material is………….
    (A)   a) less than 10%
    (B)   b)10-20%
    (C)   c)70-80%
    (D)   d)None of the above
43   The five great “M” of management are
    (A)   a) Money, Methodology, Mobility, Machine, Management
    (B)   b) Men, Machine, Money, Material, Method
    (C)   c)Management, Marketing, material, Mobility, Men
    (D)   d)None of the above
44   Inventory Control is concerned with………….
    (A)   a) Acquisition
    (B)   b) Storage & Handling
    (C)   c)Use of Inventories
    (D)   d)All of the above
45   Total Cost is calculated by adding
    (A)   a) Order quantity &carrying cost
    (B)   b) Purchase cost & selling cost
    (C)   c)Procurement cost &carrying cost
    (D)   d)carrying cost & tax
46   Objective of Quality Circle is….
    (A)   To identify problems
    (B)   To solve the problems
    (C)   Both a & b
    (D)   None of the above
47   ISO stands for…….
    (A)   Indian Standard Organization
    (B)   International Organization for Standardization
    (C)   Indian Organization for Standardization
    (D)   International Standard Organization
48   Which of the following words does not include in 5S?
    (A)   a) Sorting
    (B)   b) Straighten
    (C)   c)Shining
    (D)   d)Safety
49   Which one of the following is the leading software exporter from India?
    (A)   a) Bangalore
    (B)   b) Hyderabad
    (C)   c)Chennai
    (D)   d)Mumbai
50   —– reduces uncertainty
    (A)   a) Working
    (B)   b) Planning
    (C)   c)organizing
    (D)   d)Leading
51   —– is the judgement of future
    (A)   a) Forecasting
    (B)   b) Planning
    (C)   c)Mission
    (D)   d)organizing
52   The process of inspiring the subordinates to put in their best is known as
    (A)   a) Motivation
    (B)   b) Teamwork
    (C)   c)Management
    (D)   d)Leadership
53   Which is not type of communication
    (A)   a) Voice mails
    (B)   b) publications
    (C)   c)formal presentation
    (D)   d)listening
54   The process of monitoring, comparing & correcting is called —–
    (A)   a) Coordinating
    (B)   b) controlling
    (C)   c)leading
    (D)   d)organizing
55   For a manager, to control or direct the work to an employee, the manager must
    (A)   a) Line authority
    (B)   b) responsibility
    (C)   c)Referent power
    (D)   d)Staff authority
56   Who is responsible for the actual operations of various departments?
    (A)   Top management
    (B)   Board of directors
    (C)   Middle management
    (D)   Frontline Management
57   Getting work done with a minimum of effort, expense or waste is the definition
    (A)   Efficiency
    (B)   Effectiveness
    (C)   Productivity
    (D)   Planning
58   Day as per factory act is:
    (A)   6am to 6pm
    (B)   period of 12 hours
    (C)   period between 2 midnights
    (D)   None of the above
59   Financial management aims at
    (A)   financial control
    (B)   control of cash
    (C)   Management of earnings
    (D)   All of the above
60   Working capital is the capital which is needed to meet the…………
    (A)   Day to day transaction
    (B)   Short term purpose
    (C)   Long term purpose
    (D)   None of the above
61   —– budget is the projection of cash inflow & outflow for a particular time period in future
    (A)   cash
    (B)   sales
    (C)   material
    (D)   capital expenditure
62   The balance sheet shows liabilities & assets of the
    (A)   a) sales
    (B)   b) company
    (C)   c)production
    (D)   d)owner
63   Inventory control means timely availability of all kind of materials
    (A)   a) true
    (B)   b) false
    (C)   c)can’t predict
    (D)   d)partly true
64   5″S” designed to
    (A)   organize work
    (B)   increase efficiency
    (C)   create a safe work place
    (D)   all of these
65   Cause and effect diagram is used in
    (A)   problem identification
    (B)   field visits
    (C)   vendor surveys
    (D)   problem analysis
66   Why safety is necessary in Industry?
    (A)   To protect the employees from injuries or accident
    (B)   To minimize wastage
    (C)   To increase productivity
    (D)   All of the above
67   Daily working hours of an adult worker should not exceed —–
    (A)   6 hours
    (B)   8 hours
    (C)   9 hours
    (D)   10 hours
68   How many members are required to start a public limited company?
    (A)   Minimum 7
    (B)   Minimum 2
    (C)   Minimum 3
    (D)   None of the above
69   Which of the following should be included in partnership deed?
    (A)   Nature of the business
    (B)   Date of starting partnership
    (C)   Shares of profit and losses
    (D)   All of the above
70   In private limited company number of members are limited to —–
    (A)   100
    (B)   150
    (C)   50
    (D)   60
71   Business owned by single person is known as —–
    (A)   Proprietorship
    (B)   Private limited
    (C)   Partnership
    (D)   Joint stock
72   Proportional development of each department means
    (A)   Balance
    (B)   Stability
    (C)   Flexibility
    (D)   Progress
73   Passing down some work to his/her subordinates is known as
    (A)   Delegation
    (B)   Flexibility
    (C)   Authority
    (D)   Responsibility
74   Which of the following function of management includes recruitment?
    (A)   Planning
    (B)   Coordinating
    (C)   Decision making
    (D)   Staffing
75   Which of the following includes in Top level management?
    (A)   Directors
    (B)   CEO
    (C)   General Manager
    (D)   All of the above
76   Which of the following post comes under middle level management?
    (A)   Director
    (B)   Branch Manager
    (C)   Foreman
    (D)   Supervisor
77   Frank B. Gilbreth worked on —–
    (A)   Human relation
    (B)   Time and Motion study
    (C)   Daily Balance sheet
    (D)   None of the above
78   Government established SEZ are for motivating —–
    (A)   Textile Industry
    (B)   Banking sector
    (C)   IT Industry
    (D)   All of the above
79   Which of the following is programmes undertaken by Government of India?
    (A)   Rastriya Krishi Vikas
    (B)   National Food Security
    (C)   National Horticulture
    (D)   All of the above
80   Producing more useful product from raw material is known as —–
    (A)   Trading
    (B)   Service
    (C)   Designing
    (D)   Manufacturing
81   Financial Institutions —–
    (A)   Insurance companies
    (B)   Industrial financial management
    (C)   Industrial development corporation
    (D)   All of the above
82   Shares means —–
    (A)   Shares do not have maturity period
    (B)   Shareholder is the real owner of the company.
    (C)   Only a
    (D)   Both a& b
83   Debentures is an —–
    (A)   Unsecured bonds issued by company.
    (B)   It has fixed rate of interest& fixed maturity period.
    (C)   Only a
    (D)   Both A & B
84   Productions budget shows —–
    (A)   Shows productions
    (B)   Shows quality and quantities
    (C)   Shows departmental budget & gives total no of estimation production, scheduling of operation
    (D)   All of the above
85   MRP is —–
    (A)   Maximum Retail Price
    (B)   Material Requirement Planning
    (C)   Material Reliable Planning
    (D)   Management of Resource Project
86   ABC is —–
    (A)   Always Better Control
    (B)   Always Basic Control
    (C)   Always Better concept
    (D)   None of the above
87   The cost represented by material fluctuates and may comprise between % of the total project cost.
    (A)   20-50%
    (B)   25-50%
    (C)   30-60%
    (D)   25-45%
88   5. Percentage of total inventory for „C‟ category material is —–
    (A)   Less than 10%
    (B)   10 to 20%
    (C)   70 to 80%
    (D)   None of the above
89   Which of the following is not a key feature of TQM?
    (A)   Continuous improvement
    (B)   Team work, trust and empowerment
    (C)   Establishing clear specification
    (D)   Identify customers and their needs
90   LPO stands for –.
    (A)   A) Legal Process Outsourcing
    (B)   B) Limited Process Outsourcing
    (C)   C)Limited Procedure Outsourcing
    (D)   D) Last Procedure Outsourcing
91   Annual growth of approximate —– is recorded in last five years by service
    (A)   A)10%
    (B)   B)30%
    (C)   C)20%
    (D)   D)5%
92   Following is not advantage of globalization
    (A)   Increased competition
    (B)   Huge amount of foreign investment
    (C)   Access advanced technology
    (D)   Access to external financing
93   Following is not principle of management-
    (A)   Initiative
    (B)   Scalar chain
    (C)   Staffing
    (D)   Responsibility
94   —– can be defined as the process by which a manager guides and influences the work of his subordinates
    (A)   communication
    (B)   leadership
    (C)   motivation
    (D)   All of the above
95   The —– process transforms plans into reality
    (A)   Planning
    (B)   Organizing
    (C)   directing
    (D)   All of the above
96   Advantages of line organization are
    (A)   Easy communication among employees
    (B)   almost no confusions exist
    (C)   Working speed in fast
    (D)   All of the above
97   Which is not the effect of accident on the worker?
    (A)   Production stoppage
    (B)   Injury to body
    (C)   Loss of job
    (D)   Financial loss
98   Internal sources are
    (A)   Retained earnings
    (B)   Depreciation provisions
    (C)   Deferred taxation
    (D)   All of the above
99   The amount of working capital required depends on —–
    (A)   Time required for manufacturing/selling the product
    (B)   Credit facilities offered by suppliers
    (C)   Credit facilities offered to the customers
    (D)   All
100   The budgeting process usually begins with a —– budget
    (A)   Master
    (B)   Sales
    (C)   Materials
    (D)   Direct labour

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