McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
| 1. |
A ……………………. institution is a voluntary association of independent economic units, organized, capitalized and run by, and for its members, providing and/or marketing goods and services on cost-to-cost basis to their members. |
| A. | cooperative |
| B. | private |
| C. | public |
| D. | all of these |
| Answer» A. cooperative | |
| 2. |
…………………… movement can be an important instrument in furthering the socialist progress. |
| A. | cooperative |
| B. | privatization |
| C. | both a & b |
| D. | none of the above |
| Answer» A. cooperative | |
| 3. |
……………… is, “a form of organisation wherein persons voluntarily associate together as human beings on a basis of equality for the promotion of economic interest of themselves”. |
| A. | cooperation |
| B. | joint stock companies |
| C. | cartels |
| D. | trusts |
| Answer» A. cooperation | |
| 4. |
…………… is nothing but “self-help made effective by organisation.” |
| A. | cooperation |
| B. | joint stock companies |
| C. | cartels |
| D. | trusts |
| Answer» A. cooperation | |
| 5. |
A…………………… has been defined as an “economic and social organisation of the working people, serving not only interest of the members, but also social progress,” which promotes safeguards and realizes the interests and aspirations of the working people”. |
| A. | cooperative organisation |
| B. | private organisation |
| C. | public organisation |
| D. | all of these |
| Answer» A. cooperative organisation | |
| 6. |
In the words of …………………, cooperation is, “a form of organisation wherein persons voluntarily associate together as human beings on a basis of equality for the promotion of economic interest of themselves” |
| A. | h. calvert |
| B. | herrick |
| C. | horrace plunkett |
| D. | robert owen |
| Answer» A. h. calvert | |
| 7. |
According to …………….Herrick, it is “the act of poor persons voluntarily united for utilizing reciprocally their own forces, resources or both, under their mutual management to their common profit or loss”. |
| A. | herrick |
| B. | horrace plunkett |
| C. | robert owen |
| D. | h. calvert |
| Answer» A. herrick | |
| 8. |
In the words of Horrace Plunkett, it is nothing but “self-help made effective by organisation.” |
| A. | horrace plunkett |
| B. | robert owen |
| C. | h. calvert |
| D. | herrick |
| Answer» A. horrace plunkett | |
| 9. |
……………………..eliminates the employers and provides independence to the workers. |
| A. | cooperation |
| B. | joint stock companies |
| C. | private firms |
| D. | none of the above |
| Answer» A. cooperation | |
| 10. |
A …………………….society is a union of weak and needy individuals who have equal rights and has one vote irrespective of the number of shares held by him. |
| A. | cooperative |
| B. | charitable |
| C. | both a & b |
| D. | none of these |
| Answer» A. cooperative | |
| 11. |
…………….determines where the organization is going and how it will get there. |
| A. | planning |
| B. | organizing |
| C. | directing/motivating |
| D. | controlling |
| Answer» A. planning | |
| 12. |
………………….. sets organizational objectives and goals, forecasts the environment in which objectives must be accomplished, and determines the approach by which objectives and goals are to be accomplished. |
| A. | planning |
| B. | organizing |
| C. | directing/motivating |
| D. | controlling |
| Answer» A. planning | |
| 13. |
…………………is used to determine a policy and the procedures for putting it into effect. |
| A. | planning |
| B. | organizing |
| C. | directing/motivating |
| D. | controlling |
| Answer» A. planning | |
| 14. |
………………..helps a manager shape the future of the organization rather than being caught in an endless trap of reacting only to current crises or problems. |
| A. | planning |
| B. | organizing |
| C. | directing/motivating |
| D. | controlling |
| Answer» A. planning | |
| 15. |
………………is concerned with determining the specific activities needed to accomplish the planned objectives and goals. |
| A. | planning |
| B. | organizing |
| C. | directing/motivating |
| D. | controlling |
| Answer» B. organizing | |
| 16. |
………...........is concerned with grouping the activities into a logical pattern, framework, or structure. |
| A. | planning |
| B. | organizing |
| C. | directing/motivating |
| D. | controlling |
| Answer» B. organizing | |
| 17. |
……………..is concerned with assigning the activities to specific positions and people; and providing means for coordinating the efforts of individuals and groups. |
| A. | planning |
| B. | organizing |
| C. | directing/motivating |
| D. | controlling |
| Answer» B. organizing | |
| 18. |
Organizing is a bridge connecting the planned objectives to specific projects for accomplishing these objectives. |
| A. | planning |
| B. | organizing |
| C. | directing/motivating |
| D. | controlling |
| Answer» B. organizing | |
| 19. |
………………..through motivation concerns the people side of the organization. |
| A. | planning |
| B. | organizing |
| C. | directing/motivating |
| D. | controlling |
| Answer» C. directing/motivating | |
| 20. |
Managers must have leadership skills and be effective communicators for ………….function. |
| A. | planning |
| B. | organizing |
| C. | directing/motivating |
| D. | controlling |
| Answer» C. directing/motivating | |
| 21. |
In ……………………, management monitors the progress of plannedactivities. If progress is lagging, necessary adjustments are made. |
| A. | planning |
| B. | organizing |
| C. | directing/motivating |
| D. | controlling |
| Answer» D. controlling | |
| 22. |
………………..is the checkup part of a manager’s job. |
| A. | planning |
| B. | organizing |
| C. | directing/motivating |
| D. | controlling |
| Answer» D. controlling | |
| 23. |
In the ………………….the board of directors reports to membership, reviewing the past business year and the year’s financial statements. |
| A. | annual general meeting |
| B. | board of directors meeting |
| C. | operational meetings |
| D. | all meetings |
| Answer» A. annual general meeting | |
| 24. |
In the …………….the board seeks approval of its recommendations for surplus allocation. |
| A. | annual general meeting |
| B. | board of directors meeting |
| C. | operational meetings |
| D. | all meetings |
| Answer» A. annual general meeting | |
| 25. |
In the ……………………the Business plan and budgets for the coming year are presented for discussion and approval. |
| A. | annual general meeting |
| B. | board of directors meeting |
| C. | operational meetings |
| D. | all meetings |
| Answer» A. annual general meeting | |
| 26. |
In the ………………an auditor is appointed. |
| A. | annual general meeting |
| B. | board of directors meeting |
| C. | operational meetings |
| D. | all meetings |
| Answer» A. annual general meeting | |
| 27. |
In the ……………….membership elects a new board. |
| A. | annual general meeting |
| B. | board of directors meeting |
| C. | operational meetings |
| D. | all meetings |
| Answer» A. annual general meeting | |
| 28. |
In the …………………the manager(s) reports to the board, which in turn provides direction to the manager(s). |
| A. | annual general meeting |
| B. | board of directors meeting |
| C. | operational meetings |
| D. | all meetings |
| Answer» B. board of directors meeting | |
| 29. |
The key function of……………………..is for the board to hold those in charge of making decisions on behalf of the cooperative society accountable for the outcomes of those decisions. |
| A. | annual general meeting |
| B. | board of directors meeting |
| C. | operational meetings |
| D. | all meetings |
| Answer» B. board of directors meeting | |
| 30. |
The…………would also include evaluating the organizational structure used to take decisions by the managers. |
| A. | annual general meeting |
| B. | board of directors meeting |
| C. | operational meetings |
| D. | all meetings |
| Answer» B. board of directors meeting | |
| 31. |
In the ……………..the board evaluates the cooperative society’s financial position to determine whether or not the budgeted objectives are being met and what actions should be taken to improve the situation. |
| A. | annual general meeting |
| B. | board of directors meeting |
| C. | operational meetings |
| D. | all meetings |
| Answer» B. board of directors meeting | |
| 32. |
In the ……………the board makes or changes policies as required, or recommends a policy to the membership if only the membership has the authority in a particular area. |
| A. | annual general meeting |
| B. | board of directors meeting |
| C. | operational meetings |
| D. | all meetings |
| Answer» B. board of directors meeting | |
| 33. |
In the ……………….the Board members discuss long-term goals and strategy and ensure that a good planning process is in place to guide the cooperative society in the coming year(s). |
| A. | annual general meeting |
| B. | board of directors meeting |
| C. | operational meetings |
| D. | all meetings |
| Answer» B. board of directors meeting | |
| 34. |
In the ……………..the board approves new members or terminates a person’s membership. |
| A. | annual general meeting |
| B. | board of directors meeting |
| C. | operational meetings |
| D. | all meetings |
| Answer» B. board of directors meeting | |
| 35. |
In the …………..consultation and decision-making about daily activities takes place between members and management. |
| A. | annual general meeting |
| B. | board of directors meeting |
| C. | operational meetings |
| D. | all meetings |
| Answer» B. board of directors meeting | |
| 36. |
In ……………………who participates, will vary from co-operative to co-operative depending upon the organizational structures that have been approved by the membership and/or the board of directors. |
| A. | annual general meeting |
| B. | board of directors meeting |
| C. | operational meetings |
| D. | all meetings |
| Answer» B. board of directors meeting | |
| 37. |
An ……………………………convenes once a year on a date fixed by the bylaws of the cooperative but, not later than three months after the end of the financial year. |
| A. | annual general meeting |
| B. | board of directors meeting |
| C. | operational meetings |
| D. | all meetings |
| Answer» A. annual general meeting | |
| 38. |
The …………………. takes place only once. |
| A. | annual general meeting |
| B. | board of directors meeting |
| C. | operational meetings |
| D. | inaugural general meeting |
| Answer» D. inaugural general meeting | |
| 39. |
The …………….will approve the financial, social, and development plans for the following year. |
| A. | annual general meeting |
| B. | board of directors meeting |
| C. | operational meetings |
| D. | all meetings |
| Answer» A. annual general meeting | |
| 40. |
The……………..will elect the managerial units of the cooperative and the control committee for the following year. |
| A. | annual general meeting |
| B. | board of directors meeting |
| C. | operational meetings |
| D. | all meetings |
| Answer» A. annual general meeting | |
| 41. |
The ……………….will fix the authorized maximum amount of debts that the cooperative society may contract with any credit supply organization. |
| A. | annual general meeting |
| B. | board of directors meeting |
| C. | operational meetings |
| D. | all meetings |
| Answer» A. annual general meeting | |
| 42. |
The…………………..meeting will be called only when amendments to the bylaw is required. |
| A. | annual general meeting |
| B. | board of directors meeting |
| C. | operational meetings |
| D. | extraordinary general meeting |
| Answer» D. extraordinary general meeting | |
| 43. |
The………………….. meeting will be called only when the cooperative is to be dissolved. |
| A. | annual general meeting |
| B. | board of directors meeting |
| C. | operational meetings |
| D. | extraordinary general meeting |
| Answer» D. extraordinary general meeting | |
| 44. |
In the ……………………….,decisions thereof require a special majority of all the members present at the meeting. |
| A. | annual general meeting |
| B. | board of directors meeting |
| C. | operational meetings |
| D. | extraordinary general meeting |
| Answer» D. extraordinary general meeting | |
| 45. |
……………… may be called at any time during the year whenever necessary. |
| A. | annual general meeting |
| B. | board of directors meeting |
| C. | operational meetings |
| D. | special or ordinary general meetings |
| Answer» D. special or ordinary general meetings | |
| 46. |
………………………may be summoned at the insistence of the management committee, the audit or the control committee, the registrar of cooperatives, or at the request of at least ten percent (10%) of all the members of the cooperative. |
| A. | special or ordinary general meetings |
| B. | annual general meeting |
| C. | board of directors meeting |
| D. | operational meetings |
| Answer» A. special or ordinary general meetings | |
| 47. |
A quorum for a meeting should be one person more than …………….of all members of the cooperative. |
| A. | 10% |
| B. | 30% |
| C. | 50% |
| D. | 60% |
| Answer» C. 50% | |
| 48. |
If there is no quorum the meeting will be postponed to no earlier than …………. hour later, and no more than one month later. |
| A. | one |
| B. | two |
| C. | three |
| D. | four |
| Answer» A. one | |
| 49. |
Where it is possible written notice must be sent to all members at their official addresses at least ………………………prior to annual and extraordinary general meetings |
| A. | one month |
| B. | two months |
| C. | three months |
| D. | one week |
| Answer» A. one month | |
| 50. |
Arrange the following in proper order. 1. Step 4 Select the best alternative. 2. Identifying/clarifying the decision to be made. 3. Step 6 Evaluating the decision 4. Step 3 Gathering/processing information and Analyze the alternatives 5. Step 5 Making/implementing the decision 6. 2 Identifying possible decision options. |
| A. | 6,2,4,1,5,3 |
| B. | 4,2,6,1,5,3 |
| C. | 1,2,3,4,5,6 |
| D. | 2,6,4,1,5,3 |
| Answer» D. 2,6,4,1,5,3 | |
Done Studing? Take A Test.
Great job completing your study session! Now it's time to put your knowledge to the test. Challenge yourself, see how much you've learned, and identify areas for improvement. Don’t worry, this is all part of the journey to mastery. Ready for the next step? Take a quiz to solidify what you've just studied.