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50 Business Organisation and Management MCQ pdf
Q1. The person who recognizes the need for the product is known as ___.
1. Entrepreneur
2. Businessman
3. Enterprise
4. None of the above
Ans: 1
Q2. An institution organized & operated to provide goods & services to society under the incentive of private gain is ___
1. Organization
2. 2 Business
3. 3 Service
4. 4None of the above..
Ans 2
Q3.Goods are produced in anticipation of ___
1. Demand
2. Supply
3. Market
4. None of the above
Ans: 1
Q4. ___ is common in all types of business.
1. Market
2. Supply
3. Risk
4. none of the above
Ans: 3
Q5. Wholesale Trade & Retail Trade are ___ trade.
1. Internal
2. External
3. Mixed
4. none of the above.
Ans: 1
Q6. ___ refers to trade between 2 or more countries.
1. Foreign Trad
2 Domestic trade
3 Internal trade
4 none of the above
Ans: 1
Q7. Workers’ participation lowers the commitment of worker in an organization. T/F
Ans:F
Q8. Insurance and Marketing are aids to trade.T/F
Ans: F
Q9. Export promotion & job satisfaction are the very human objectives of business. T/F
Ans: F
Q10. Ensure fair terms & Prompt payment are the responsibility towards the ___
1suppliers
2 workers
3customers
4 none of the above.
Ans: 1
Q11. ___ is a creation of society & uses the resources of men , materials , money, machines means of transport, market .
1. Business
2. Institution
3. Management
4. none of the above.
Ans: 1
Q12. In order to avoid the public unrest & to maintain peace environment in the society the business must undertake social responsibility . T/F
Ans: T
Q13. Managers are directly accountable to society for the profit. T/F
Ans: F
Q14. Profit maximization through reduced prices of goods is the greatest service provided by the business .T/F
Ans: T
Q15. Business & society are mutually dependent. T/F
Ans: T
Q16. Inflation & national debts are the two main problems faced by ___.
1. Indian economy
2. business
3. Organization.
4. None of the above.
Ans: 1
Q17. Objective of business must be ___
1. Profit through rise in demnd
2. Profit through service.
3. service to the suppliers
4. none of the above.
Ans: 2
Q18. Every customer should recognize & implement the concept of social responsibility. T/F
Ans: F
Q19. Government pressure is cause for business Combination. T/f
Ans: T
Q20. Business Combinations are eliminated to secure steady market. T/F
Ans: F
Q21. There are ___ types of Business combinations.
a. 4
b. 6
c. 5
d. none of the above
Ans: c.
Q22. Rationalization leads to combination of business units. T/F
Ans: T
Q23. Cost of Foreign product decreases as there is increase in import duty. T/F
Ans: F
Q24. Horizontal combination leads to concentration of economic power in few hands.T/F
Ans: T
Q25. There are three types of vertical integrations. T/F
Ans: F
Q26. The ___ combination may be either convergent or divergent.
1. Horizontal
2. Vertical
3. Lateral
4 none of the above.
Ans: 3
Q27. ___ combination is a means to achieve internal & external economies of production & distribution.
1. Horizontal
2. Vertical
3. Lateral
4. none of the above.
Ans: 2
Q28. Vertical combination eliminates the intermediate profits & thus reduces the cost of production. T/.F
Ans: T
Q29. Diagonal combination assures continuous availability of ancillary services.T/F
Ans: T
Q30. ___ lateral combination arises when firm producing different products but supplying to a common user join with them.
1. convergent
2. 2 divergent
3. 3 diagonal
4. 4 none of the above.
Ans: 1
Q31. ___ is an agreement by which the business units transfer the management & control of their business to the trustees under trust deed.
1. Trust
2. collaborations
3. Partial consolidation
4. none of the above
Ans: 1
Q32. Trust collects the dividend declared by the different companies before deductions. T/F
Ans: F
Q33. There are ___ types of community of interests.
a. 2
b. 3
c. 6
d. 5
Ans: b
Q34. There are two types of complete consolidations.
a. 2
b. 3
c. 6
d. 5
Ans: a
Q35. ___ an agreement among the competing business units to provide a machinery to control the prices.
a. Cartels
b. Pools
c. collaboration
d. none of the above.
Ans: b
Q36. ___ is established to secure control over the market for the product.
a. Cartels
b. Pools
c. collaboration
d. none of the above.
Ans: a
Q37. There are ___ types of association.
a. 2
b. 3
c. 6
d. 5
Ans: b
Q38. There are __ types of Federation.
a. 2
b. 3
c. 6
d. 5
Ans: a
Q39. Principle of span of control refers to the minimum number of subordinates a manager can supervise effectively.T/F
Ans: T
Q40. ___ is called “Father of Modern Management Theory”.
a. Henry Fayol
b. W. Tylor
c. J.L Haynes
d. none of the above.
Ans: a
Q41. ___ is the sum total of all those of all those activities which are concerned with transfer of goods & services from the producers to the consumers.
a. Business
b. Commerce
c. supply chain
d. none of the above.
Ans: b
Q42. Retail trade is the sale of variety of products in comparatively larger quantities by the retails to the consumers. T/F
Ans: F
Q43. ___ trade refers to trade in which the country purchases goods from a foreign country with a view to export it to other countries & making profit in the process.
a. Import
b. Export
c. Entrepot
d. none of the above.
Ans: c
Q44. “Obligation to pursue those decisions or to follow those lines of action which are desirable in terms of the objective & values of our society.” Is a definition of Social Responsibility given by ___,
a. H.R. Bower
b. Koontz o’ Donnell
c. Henary Fayol
d. none of the above.
Ans: a
Q45. Development of backward regions is a responsibility towards customers. T/F
Ans: F
Q46. ___ coined the word ‘PODSCORB’ to describe the management functions.
a. H.R. Bower
b. Koontz o’ Donnell
c. Luther Gullik
d. none of the above.
Ans: c
Q47. ___ classifies function of management as Planning, organizing, commanding, coordinating & controlling”
a. Henry Fayol
b. Koontz o’ Donnell
c. Luther Gullik
d. none of the above.
Ans: a
Q48. ___ defined “A Policy is a verbal, written or implied overall guide setting up boundaries that supply the general limits and directions in which managerial actions will take place”.
a. Henry Fayol
b. Koontz o’ Donnell
c. G.R. Terry
d. none of the above.
Ans: c
Q49. Andrew Carnegie was an industrialist ,he stated the importance of manpower in an organization. T/F
Ans: T
Q50. Replacement of machines is an example of major programme. T/F
Ans: F
Conclusion
Business organisation or management student, MCQ download in PDF can be quite beneficial to your academic success.
It helps to reinforce the knowledge you already have and to expand on it, test your understanding of theories and concepts, and provide an opportunity for self-assessment.
With the help of these resources, you can conveniently access them anytime and anywhere to practice and review. The question bank is also regularly updated so that students have access to the most relevant material.
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