Business Management MCQs and Notes

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📊 Business Management
Q. Theory X and theory Y were identified by
  • (A) Douglas Mc Gregor
  • (B) Frederick Herzberg
  • (C) Abbraham Maslow
  • (D) Fritz Roethlisberger
💬 Discuss
✅ Correct Answer: (A) Douglas Mc Gregor
📊 Business Management
Q. Which act provides for medical care of workmen?
  • (A) Industrial Disputes Act
  • (B) Workmen's Compensation Act
  • (C) Employees State Insurance Act
  • (D) Employees Provident Fund Act
💬 Discuss
✅ Correct Answer: (C) Employees State Insurance Act
📊 Business Management
Q. Which of the following is not the characteristics of human wants?
  • (A) Some wants are complementary
  • (B) Wants differ intensity
  • (C) Wants are limited in number
  • (D) Wants are satisfied for the time being and are, therefore recurrent
💬 Discuss
✅ Correct Answer: (C) Wants are limited in number
📊 Business Management
Q. Interest is not paid by banks on
  • (A) Fixed deposits
  • (B) Recurring deposit
  • (C) Savings deposits
  • (D) Traveller's cheqe.
💬 Discuss
✅ Correct Answer: (D) Traveller's cheqe.
📊 Business Management
Q. In time study sone variations almost always occur from reading to reading for any element, even if the worker is not attempting to vary his pace. This variation is not caused by the following factors, among others
  • (A) Random variations in operator movements and pace
  • (B) Random variations in the positions of parts worked with
  • (C) Random variations in the position of the tools used
  • (D) Random variations caused by electricity failures
💬 Discuss
✅ Correct Answer: (D) Random variations caused by electricity failures
📊 Business Management
Q. Salvaging means
  • (A) Writing off the assets
  • (B) Throwing away the assets
  • (C) Setting the assets
  • (D) Disposing off property which is no longer useful in present situation
💬 Discuss
✅ Correct Answer: (D) Disposing off property which is no longer useful in present situation
📊 Business Management
Q. The law of demand indicates the relationship between
  • (A) The price of a commodity and the quantity demanded
  • (B) The income of consumer and the quantity demanded
  • (C) The relationship betweent he price of one commodity and the price of a substitute
  • (D) The price of two commodities
💬 Discuss
✅ Correct Answer: (A) The price of a commodity and the quantity demanded
📊 Business Management
Q. The main advantage of line organisation is
  • (A) Well defined responsibilities at all levels
  • (B) Effective command and control
  • (C) Rigid discipline
  • (D) All of the above
💬 Discuss
✅ Correct Answer: (D) All of the above
📊 Business Management
Q. Devaluation affects imports by making it
  • (A) costher
  • (B) cheaper
  • (C) competitive
  • (D) prohibitive
💬 Discuss
✅ Correct Answer: (A) costher
📊 Business Management
Q. The main advantage of indirect taxes is that
  • (A) they are regressive in nature
  • (B) easy to collect
  • (C) arbitrary
  • (D) capable of increased production
💬 Discuss
✅ Correct Answer: (A) they are regressive in nature

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