McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 301. |
When social criteria is applied on investment decisions it is called ____ |
| A. | social responsiveness |
| B. | ethical obligation |
| C. | social screening |
| D. | financial return |
| Answer» C. social screening | |
| 302. |
The recognition of the close link between an organization’s decisions and activities and its impact on the natural environment is called __________. |
| A. | global environment |
| B. | greening of management |
| C. | social actions |
| D. | none of the above |
| Answer» B. greening of management | |
| 303. |
……………. Generally refers to transparent business practices that are based on ethical values, compliance with legal requirements, and respect for people, communities, and the environment. |
| A. | corporate social responsibility |
| B. | code of ethics |
| C. | ethical standards |
| D. | none of the above |
| Answer» A. corporate social responsibility | |
| 304. |
WBCSD stands for |
| A. | world business council for sustainable development |
| B. | world business company for sustainable development |
| C. | world bank council for sustainable development |
| D. | world business council for strategic development |
| Answer» A. world business council for sustainable development | |
| 305. |
In the process of production, capital equipment is worn out. The word used to described this process is |
| A. | Obsolescence |
| B. | Devalution |
| C. | Appreciation |
| D. | Depreciation |
| E. | Funding |
| Answer» D. Depreciation | |
| 306. |
The political party to which Hind Mazdoor Sabah is affiliated is |
| A. | Janata Party |
| B. | Bhartia Janata Party |
| C. | Congress (I) |
| D. | Socialist Party |
| E. | Communist Party |
| Answer» D. Socialist Party | |
| 307. |
Industrial safety is defined as |
| A. | Freedom from danger or injury, risk, or loss. |
| B. | Job security. |
| C. | Less than 1 |
| D. | A disease-free work environment |
| E. | Job specification |
| Answer» A. Freedom from danger or injury, risk, or loss. | |
| 308. |
During contract negotiations what two rights are weighed against each other |
| A. | Employes rights |
| B. | Management right |
| C. | Government right |
| D. | A and B |
| E. | B and C |
| Answer» D. A and B | |
| 309. |
A fall in demand for the product of a monopolised industry when predicted with lead to |
| A. | A fall in price |
| B. | A decrease in number of firms in the long run |
| C. | A decrease in the output of each firms |
| D. | All of the above |
| E. | None of the above |
| Answer» D. All of the above | |
| 310. |
If you want to use a red pen but mass production of only blue pens is undertaken, your inability to exercise your sovereignty is because of |
| A. | Limited income |
| B. | Standardized production |
| C. | Weather conditions |
| D. | State control |
| E. | Poor demand |
| Answer» B. Standardized production | |
| 311. |
The major cause of unemployment in India is |
| A. | under development |
| B. | inadequate employment planning |
| C. | rapid population growth |
| D. | All of the above |
| E. | Rs. 17,50,500 |
| Answer» D. All of the above | |
| 312. |
Nationalization means |
| A. | Taking over, by the government, of existing privately run concerns |
| B. | Establishing new enterprises as state run concerns |
| C. | Putting the day-to-day control of firms in the hands of Parliament |
| D. | Instituting worker in control of an industry |
| E. | The state assuming control of an industry to secure greater efficiency |
| Answer» A. Taking over, by the government, of existing privately run concerns | |
| 313. |
Differences in rates of interest charged from different customers arise due to |
| A. | Differences in risks |
| B. | Differences in use of money |
| C. | Differences in productivity |
| D. | All of the above |
| E. | None of the above |
| Answer» C. Differences in productivity | |
| 314. |
The 'free' good is so called because |
| A. | No charge is made to the consumer |
| B. | It is supplied freely by a public authority |
| C. | The supply is adequate to meet all needs without rationing |
| D. | There is an unlimited supply |
| E. | None body wants it. |
| Answer» E. None body wants it. | |
| 315. |
Indirect financial and non-financial forms of compensation are called |
| A. | Salaries |
| B. | Services |
| C. | Benefits |
| D. | none of the above |
| E. | All of the above |
| Answer» C. Benefits | |
| 316. |
The assumption in PERT is |
| A. | A project is always behind schedule |
| B. | Cost of project is always more than the estimated cost |
| C. | A project can be sub-divided into a set of predictable, independent activities |
| D. | Activities are complex in nature and time taken by them are indeterminate |
| E. | None of the above |
| Answer» C. A project can be sub-divided into a set of predictable, independent activities | |
| 317. |
A public sector undertaking |
| A. | Is fully owned by public through shareholders |
| B. | Is jointly owned by private parties |
| C. | Is jointly owned by private partics and Government |
| D. | Is fully owned by Government |
| E. | None of the above |
| Answer» D. Is fully owned by Government | |
| 318. |
Retention of cost competitiveness is the function of |
| A. | methods engineering |
| B. | finance department |
| C. | production planning and control |
| D. | none of the above |
| E. | None of the above |
| Answer» C. production planning and control | |
| 319. |
The size of the market for a product means |
| A. | The number of people in a particular area |
| B. | The geographical area saved by the producers |
| C. | The number of sales of the product recorded annually |
| D. | The number of potential buyers of the product |
| E. | The volume of potential sales of the product |
| Answer» E. The volume of potential sales of the product | |
| 320. |
Which of the following contributes to indirect cost? |
| A. | Training of workers |
| B. | Overtime payment to workers |
| C. | Depreciation of machinery |
| D. | Cost of material |
| E. | Rs. 17,50,500 |
| Answer» A. Training of workers | |
| 321. |
Through routing the engineers decide in advance |
| A. | The flow of material in the plant |
| B. | The ways and means for proper utilization of manpower |
| C. | The ways and means for proper utilization of machines |
| D. | Inspection of final products |
| E. | Normal route of workers through the plant |
| Answer» A. The flow of material in the plant | |
| 322. |
Demand for a commodity is elastic when |
| A. | Change in price causes greater change in its demand |
| B. | Change in price does not change its demand |
| C. | Change in National income causes change in demand |
| D. | Any of the above |
| E. | None of the above |
| Answer» A. Change in price causes greater change in its demand | |
| 323. |
The largest source of revenue for state governments is generally |
| A. | Entertainment tax |
| B. | Sales tax |
| C. | Land revenue |
| D. | Excise duty |
| E. | Rs. 17,50,500 |
| Answer» B. Sales tax | |
| 324. |
Who proposed that all human efforts can be measured in terms of a common unit partly composed of actual work and partly of compensating relaxation? |
| A. | Emerion |
| B. | Taylor |
| C. | Gantt |
| D. | Bedaux |
| E. | None of the above |
| Answer» D. Bedaux | |
| 325. |
Improving the work force overtime is the aim of |
| A. | Recruitment |
| B. | Selection |
| C. | Human resource planning |
| D. | Placement |
| E. | Human resource auditing |
| Answer» E. Human resource auditing | |
| 326. |
How an executive interprets facts and events in accordance with beliefs and assumptions is best described by his |
| A. | Administrative acuman |
| B. | Managerial philosphy |
| C. | Executive profile |
| D. | Leadership style |
| E. | None of the above |
| Answer» B. Managerial philosphy | |
| 327. |
The shareholders have limited liability in case of a |
| A. | cooperative |
| B. | partnership firm |
| C. | public limited company |
| D. | All of the above |
| E. | Rs. 17,50,500 |
| Answer» C. public limited company | |
| 328. |
The term 'balance of trade' is associated with |
| A. | imports and exports |
| B. | taxation |
| C. | gross profits of a company |
| D. | budgeting |
| E. | Rs. 17,50,500 |
| Answer» A. imports and exports | |
| 329. |
Motion study is not used for |
| A. | Improving a work method by locating deficiencies |
| B. | Improving a work method by assisting in adjusting the pattern of inter-relationships |
| C. | Designing a work method through logical analysis and synthesis |
| D. | Providing a schematic framework for organizing knowledge about the inter-relationships |
| E. | Reducing inventory costs |
| Answer» E. Reducing inventory costs | |
| 330. |
Process planning consists of |
| A. | specifying product details |
| B. | specifying quality standards |
| C. | specifying details of work |
| D. | none of the above |
| E. | None of the above |
| Answer» C. specifying details of work | |
| 331. |
A bonus plan in which allowance is determined in terms of time for each unit of output instead of money is |
| A. | hour-for-hour plan |
| B. | group plan |
| C. | Beedaux plan |
| D. | none of the above |
| E. | None of the above |
| Answer» A. hour-for-hour plan | |
| 332. |
Public goods are different from private goods because |
| A. | The government produces public goods, while private goods are produced by private persons |
| B. | Public goods are preferred to private goods |
| C. | The amount consumed by one does not affect the amount available for others |
| D. | Private goods can be consumed only by private individuals while public goods can be consumed by government and private citizens |
| E. | All of the above |
| Answer» D. Private goods can be consumed only by private individuals while public goods can be consumed by government and private citizens | |
| 333. |
M.T.M. helps in |
| A. | Establishing time standards |
| B. | Estimating cost |
| C. | Improving existing methods |
| D. | Developing methods before the starting of production |
| E. | All of the above |
| Answer» E. All of the above | |
| 334. |
Job enrichment means |
| A. | Paying more for entry level jobs |
| B. | providing further training in job skills |
| C. | adding more tasks at the same level |
| D. | adding some planning and control to a job |
| E. | None of the above |
| Answer» D. adding some planning and control to a job | |
| 335. |
Barter system can work successfully when |
| A. | people are fully educated |
| B. | society is developed |
| C. | wants are limited |
| D. | demand is equal to supply |
| E. | Rs. 17,50,500 |
| Answer» C. wants are limited | |
| 336. |
Standing orders act provides for penalties for |
| A. | Failure of an employer to submit the draft standing orders for certification |
| B. | Modifications of standing orders not in accordance with the prescribed procedure |
| C. | Doing any act in contravention of the certified above |
| D. | (A) and (B) above |
| E. | (A), (B) and (C) above |
| Answer» E. (A), (B) and (C) above | |
| 337. |
Safety guards on machines should be |
| A. | always in position |
| B. | Put in position while using machine |
| C. | Used if operator desires |
| D. | Never used |
| E. | Used if time permits |
| Answer» A. always in position | |
| 338. |
Statistics show that the vast majority of all accidents result from |
| A. | Technical causes |
| B. | Human causes |
| C. | Environmental causes |
| D. | A combination of human, technical and environmental causes |
| E. | None of the above |
| Answer» D. A combination of human, technical and environmental causes | |
| 339. |
The best source of revenue for States in India is |
| A. | Sales tax |
| B. | Customs duty |
| C. | Income from lotteries |
| D. | Excise duty |
| E. | Entertainment tax |
| Answer» A. Sales tax | |
| 340. |
The price of diamonds is higher than the price of wheat because |
| A. | Diamonds are much heavier than wheat |
| B. | Diamonds are more useful than wheat |
| C. | The total stock of diamonds is more useful than the total stock of wheat |
| D. | Diamonds cannot be grown whereas wheat can be grown |
| E. | Enough people have a higher subjective value of diamonds relative to wheat |
| Answer» E. Enough people have a higher subjective value of diamonds relative to wheat | |
| 341. |
Which of the following is not a factor management which must weight when deciding to establish particular kind of employee benefit |
| A. | Cost |
| B. | Need |
| C. | Productivity |
| D. | Union power |
| E. | Ability to pay |
| Answer» C. Productivity | |
| 342. |
Planning and control departments normally do not consist of |
| A. | Planning cell |
| B. | Control cell |
| C. | Inventory section |
| D. | Printing section |
| E. | Quality section |
| Answer» D. Printing section | |
| 343. |
The disadvantage of process layout system is |
| A. | The initial investment is high |
| B. | Machine failures and job difficulties seriously disrupt production schedules |
| C. | The scope of production facilities is limited |
| D. | Production time is longer, requiring more goods in process |
| E. | High initial investment is required |
| Answer» D. Production time is longer, requiring more goods in process | |
| 344. |
If the electric supply is not available in a factory the workers will show it as |
| A. | Delay |
| B. | Deliberate delay |
| C. | Avoidable delay |
| D. | Unavoidable delay |
| E. | None of the above |
| Answer» D. Unavoidable delay | |
| 345. |
A process layout is generally suggested for |
| A. | Jobbing work |
| B. | Batch production |
| C. | Continuous type of production |
| D. | Efficient machine utilization ratio |
| E. | None of the above |
| Answer» B. Batch production | |
| 346. |
Indian Railways are a |
| A. | joint sector undertaking |
| B. | public sector undertaking |
| C. | departmental operation |
| D. | private sector undertaking |
| E. | Rs. 17,50,500 |
| Answer» C. departmental operation | |
| 347. |
The financial position of a company is considered to be sound if |
| A. | Sufficient funds are available under reserve and surplus |
| B. | Company has declared good dividends in the past |
| C. | Sales are increasing |
| D. | Gross profit is reasonable |
| E. | The company has no loans outstanding |
| Answer» A. Sufficient funds are available under reserve and surplus | |
| 348. |
The sign of a country's development is |
| A. | More and more industries |
| B. | Higher standard of living |
| C. | Higher per capita income |
| D. | More means of transport |
| E. | All of the above |
| Answer» C. Higher per capita income | |
| 349. |
Which one is not a component of process? |
| A. | Operation |
| B. | Inspection |
| C. | Storage |
| D. | Disassemble |
| E. | Quality section |
| Answer» D. Disassemble | |
| 350. |
Capital expenditure means |
| A. | Expenses incurred in capital |
| B. | Main expenditure |
| C. | Recurring expenditure |
| D. | Expenditure on procurement of fixed assets |
| E. | None of the above |
| Answer» D. Expenditure on procurement of fixed assets | |
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