Management MCQ-3

1. The Father of scientific management was ?

(A) Taylor
(B) Fayol
(C) George R Terry
(D) Apply

2. Who has defined function of management as POSDCORB

(A) G.R. Terry
(B) Luther Gullick
(C) JB Say
(D) J.A. Schumpeter

3. The formation and management of partnership is governed by provision of

(A) Indian partnership Act 1931
(B) Indian partnership Act 1933
(C) Indian partnership Act 1932
(D) Indian partnership Act 1934

4. Giving complete freedom to subordinates is

(A) Autocratic leadership
(B) Laissez fair leadership
(C) Democratic leadership
(D) None of these

5. The important element in business is

(A) Risk
(B) Black marketing
(C) Profit
(D) All of above

6. Which of the following is the oldest model of organization ?

(A) Committee organization
(B) Functional organization
(C) Line organization
(D) Line and staff organization

7. The real owner of Joint stock company is

(A) Board of dircectors
(B) Financer
(C) Shareholders
(D) Debenture holders

8. The institution organized and operated to provide goods and services to society under the incentive of private gain is known as :

(A) Business
(B) Govt. offices
(C) Non Govt. organization
(D) None of these

9. Which of the following character is essential for a leader ?

(A) Presence of the follower
(B) Approval of the follower
(C) Same interest
(D) All of the above

10. In which form of business organization their is a direct relationship between efforts and reward.

(A) Partnership
(B) Cooperatives organization
(C) Sole proprietorship
(D) Joint stock company

11. Which business organization has maximum secrecy ?

(A) Partnership
(B) Sole proprietorship
(C) Cooperative organization
(D) Joint stock company

12. ABC analysis and EOQ technique are

(A) Both technique are very important techniques of inventory control
(B) Only ABC is more important techniques of inventory control
(C) LIFO and FIFO are equally potent techniques of inventory control
(D) All the above are important techniques of inventory control

13. A budget is a statement showing :

(A) Forecast of the financial activities of the business
(B) It is an estimate to achieve a specific goal
(C) It is a policy statement of an enterprises
(D) None of these

14. When 51% shares are in the hands of government it is called

(A) Public company
(B) Private company
(C) Semi public company
(D) Government company

15. Which of the following is true ?

(A) Authority and power are same
(B) Authority gives power
(C) Power gives authority
(D) None of these

16. Which of the following is also known as profit and loss account.

(A) Statement of earninig
(B) Statement of incomes
(C) Statement of operation
(D) All of above

17. In partnership firm written deed is preferred because of the following reasons.

(A) So that it may be refferred to easily in case of any dispute
(B) It may be enforced by the court of law
(C) Profit and loss may be settled easily by partners
(D) All of the above

18. As per Indian partnership Act the maximum number of partners for doing general business is

(A) Seven
(B) Twenty
(C) Fifteen
(D) Ten

19. “Maslow need Hierachy” theory is related with.

(A) Motivation
(B) Direction
(C) Controlling
(D) Planning

20. A leader guides because of :

(A) Authority
(B) Power
(C) Influence
(D) All the above