Management MCQ Questions and Answers
1. The Father of scientific management was ?
Answer : A
Explanation : The Father of Scientific Management was Frederick Winslow Taylor (FW Taylor).
2. Who has defined function of management as POSDCORB
Answer : B
Explanation : POSDCORB is an acronym for Planning, Organizing, Staffing, Directing, Coordinating, Reporting and Budgeting which was first coined on administrative management by Luther Gulick and Lyndall Urwick.
3. The formation and management of partnership is governed by provision of
Answer : C
4. Giving complete freedom to subordinates is
Answer : B
Explanation : Free Rein or Laissez Fair leadership gives complete freedom to his subordinates.
5. The important element in business is
Answer : A
Management MCQ
6. Which of the following is the oldest model of organization ?
Answer : C
Explanation : Line organization structure is the oldest and simplest form of organization.
7. The real owner of Joint stock company is
Answer : C
Explanation : A joint-stock company is a business that is owned by its investors or shareholeders.
8. The institution organized and operated to provide goods and services to society under the incentive of private gain is known as :
Answer : A
9. Which of the following character is essential for a leader ?
Answer : D
10. In which form of business organization their is a direct relationship between efforts and reward.
Answer : C
Management MCQ
11. Which business organization has maximum secrecy ?
Answer : B
Explanation : A sole proprietorship concern ensures maximum business secrecy.
12. ABC analysis and EOQ technique are
Answer : D
13. A budget is a statement showing :
Answer : B
14. When 51% shares are in the hands of government it is called
Answer : D
Explanation : When at least 51% shares are in the hands of government, it is called as government company.
15. Which of the following is true ?
Answer : C
Explanation : Power is necessary for authority, but it is possible to have power without authority.
Management MCQ
16. Which of the following is also known as profit and loss account.
Answer : D
17. In partnership firm written deed is preferred because of the following reasons.
Answer : D
18. As per Indian partnership Act the maximum number of partners for doing general business is
Answer : B
Explanation : According to Indian Partnership Act 1932 the maximum number of partners for doing general business is 20.
19. “Maslow need Hierachy” theory is related with.
Answer : A
20. A leader guides because of :
Answer : D
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