Q1: The compensation system that maximises the incentive is
Answer
Answer: Commission plus salary
Q2: The competitor who attracts or reacts swiftly and strongly to any assault is referred as
Answer
Answer: Shield competitor
Q3: The concept of “Brand name was coined by”
Answer
Answer: Claude Hopkins
Q4: The concept of “driving forces”
Answer
Answer: Is useful in understanding the direction of industry growth and profitability
Represents a regression analysis of industry ternds
Q5: The concept of ‘management by exception’ refers to management’s
Answer
Answer: Consideration of only those items which materially very form plans
Q6: The concept of ‘Quasi-Rent’ means
Answer
Answer: The return to a factor of production which is fixed in supply in the short period
Q7: The concept of elastic of demand was developed by
Answer
Answer: Alfred Marshall
Q8: The concept of elasticity of demand is given by
Answer
Answer: Alfred Markshal
Q9: The concept of elasticity of demand was evolved by
Answer
Answer: J.S.Mill
Q10: The concept of real cost of production was evolved by
Answer
Answer: Paul Samuelson
Q11: The consumer is in equilibrium
Answer
Answer: Where the price line is a tangent to the indifference curve
Q12: The corporation was first defined by
Answer
Answer: Justice Marshall
Q13: The cost of a product as determined under standard cost system is
Answer
Answer: Pre-determined cost
Q14: The costing method that considers all fixed costs as period costs in
Answer
Answer: Marginal costing
Q15: The critical area of strategic management composed of broad statements of the firm’s purpose, philosophy and goals is called
Answer
Answer: Company mission
Q16: The crucial determinant of the size of the market is
Answer
Answer: Inducement for investment
Q17: The debentures holders are
Answer
Answer: Creditors of the company
Q18: The debt-equity ratio of a concern is 15:1. It indicates
Answer
Answer: Creditors of the concern have a security of Rs. 1.50, for every Re. 1 lent
Q19: The decreasing trend of the ratio “Gross Profit to Sales” indicates
Answer
Answer: Severe competition
Q20: The degree to which memberships, responsibilities, authority, and discretion in decision-making are specified is called
Answer
Answer: Formality
Q21: The delegation of authority depends on the subordinate’s
Answer
Answer: Ability and potential
Q22: The development of a marketing strategy begins with the decision to find
Answer
Answer: None of these—a)Investors
b)Compete create an advertising
c) Campaign
Q23: The difference between long and short-term objectives is principally
Answer
Answer: Greater specificity
Q24: The difference between total customer value and total customer cost is
Answer
Answer: Customer profit value
Q25: The direction of grievance procedures is
Answer
Answer: Upward vertical
Q26: The disadvantage of radio is
Answer
Answer: Mental imagery
Q27: The doctrine of consumer’s surplus is based on
Answer
Answer: The law of diminishing marginal utility
Q28: The doctrine of indoor management means
Answer
Answer: So far as the internal proceeding are concerned strangers dealing with the company are entitled to assume that everything is down regularly
Q29: The documents required to be filed with the Registrar at the time of incorporation of a public company include
Answer
Answer: Memorandum of Association
Q30: The economic wage theory that treats labour as a commodity is known as
Answer
Answer: The ability-to-pay theory
Q31: The elasticity of demand describes
Answer
Answer: The responsiveness of quantity demanded to change in price
Q32: The elasticity of demand explains the relationship between
Answer
Answer: Price and demand
Q33: The entire issued capital of IDBI is held by
Answer
Answer: Reserve Bank of India
Q34: The environment behaviour is often better predicated by
Answer
Answer: Operating
Q35: The Exim bank has started functioning from
Answer
Answer: 1st January, 1982
Q36: The existence of a joint stock company is interrupted by
Answer
Answer: The death of insolvency of its managing director
Q37: The expenses not directly associated with the principal activity of the business are
Answer
Answer: Non-operating expenses
Q38: The external environment consists of
Answer
Answer: The operating environment
Q39: The famous book “General and Industrial Management” was written by
Answer
Answer: Henry Fayol
Q40: The famous book “The Philosophy of Management ” was written by
Answer
Answer: Oliver Sheldon
Q41: The Federal Deposit Insurance Corporation is an example of
Answer
Answer: A public corporation
Q42: The field of statistics is most closely related to the managerial function of
Answer
Answer: Controlling
Q43: The first collective bargaining issue is usually
Answer
Answer: Recognition of union representation
Q44: The first element in a layout that the eye sees is
Answer
Answer: Focal point
Q45: The first joint stock bank was established at Calcutta by the name of
Answer
Answer: Bank of Hindustan
Q46: The first stage in the life cycle of a SBU is
Answer
Answer: Question marks
Q47: The first stock exchanges was set up in India in
Answer
Answer: Bombay
Q48: The Fixed Assets Coverage Ratio indicates
Answer
Answer: Solvency
Q49: The fixed-variable cost classification has a special significance in the preparation of
Answer
Answer: Flexible budget
Q50: The flow of fund is said to have taken place when
Answer
Answer: Cash is paid to creditors
Q51: The functional level of decision making is characterized by
Answer
Answer: Activity managers deriving annual objectives and short-term strategies
And
Managers of product, geographic and functional areas
Q52: The functionality oriented marketing department is
Answer
Answer: Not practical for industrial companies
Q53: The fundamental economic problem being faced by a nation is one of
Answer
Answer: Multiplicity of wants and scarcity of resources
Q54: The funds flow statement is useful to
Answer
Answer: Know the sources of funds raised in the period in question and how those funds were used
Q55: The headlines referred as ‘Blind’ are
Answer
Answer: Primary
Q56: The I.D.A. grants credit to
Answer
Answer: Undeveloped and semi-developed countries for specific purposes (development of large scale industries and public utility works)
Q57: The idea a product takes, such as friendliners, trust worthiness, or is nobbery is termed as
Answer
Answer: Product characteristic
Q58: The ideal patter of output
Answer
Answer: Can be determined apart from the society being considered and then used to evaluate the actual pattern of output in that society
Q59: The image the company seeks to project is reflected in the firm’s
Answer
Answer: Mission
Q60: The immediate external environment includes
Answer
Answer: Competitors
Q61: The immediate solvency ratio is
Answer
Answer: Quick ratio
Q62: The import licence is obtained from
Answer
Answer: Controller of Import Export
Q63: The import procedure begins with which document
Answer
Answer: Indent
Q64: The income statement is a summary of
Answer
Answer: Revenue and expenses
Q65: The Industrial Development Bank of India is
Answer
Answer: An autonomous public sector institution
Q66: The inputs of production include all about
Answer
Answer: Services
Q67: The interval between two AGM should not be more than
Answer
Answer: 18 months
Q68: The investment the recognises of charged debt of a company is
Answer
Answer: Debenture
Q69: The Job Description Index (JDI) technique has been developed by
Answer
Answer: Hull and Kolstad
Q70: The journal is known as
Answer
Answer: The book of original entry
Q71: The last stage in the life cycle of a SBU is
Answer
Answer: Dogs
Q72: The law of demand states that when
Answer
Answer: When price falls demand rises
Q73: The liabilities side of a balance sheet consist of
Answer
Answer: Net Worth, Term Liabilities and Current Liabilities
Q74: The liability of a sole proprietor is
Answer
Answer: Limited to the extent of the value of business assets and his all private assets
Q75: The liability of members of a co-operative society is
Answer
Answer: limited or unlimited depending upon what the society has opted for
Q76: The liability of shareholders of a public company is limited to the
Answer
Answer: Nominal value of shares
Q77: The lien is
Answer
Answer: Method to create charge over customer’s property
Q78: The lien is a right to
Answer
Answer: Retain goods or securities belonging to a debtor until he has discharged a debt due to the retainer of goods
Q79: The lien is defined in
Answer
Answer: The sale of Goods Act
Q80: The limit the maximum number of members in apublic company is restricted to
Answer
Answer: No limit
Q81: The line is a right to
Answer
Answer: Retain goods or securities belonging to a debtor until he has discharged a debt due to the retainer of goods
Q82: The longer the period of time of elasticity of supply will be
Answer
Answer: Less elastic
Q83: The main drawback of function organisation developed by Taylor is that it fails recognise the
Answer
Answer: Principle of unity of command
Q84: The main objective of budgeting is
Answer
Answer: All of these—a)Planning
b)Co-ordination
c)Control
Q85: The main purpose of preparing a trial balance is
Answer
Answer: To prepare a summary of all the balances
Q86: The major goal of informal organisation is
Answer
Answer: Statisfitability of their members
Q87: The major obstacle in the path of an Indian top executive’s open contacts with the worker is
Answer
Answer: His own official position
Q88: The man who connected economic development with the evolution of credit was
Answer
Answer: Hildebrand
Q89: The management of IMF and activities are supervised by a Board of Governors (general body) consisting of
Answer
Answer: Each member country appointing one
Q90: The management of International Development Association (IDA) lies in the hands of the Board of Governors, Board of Executive Directors, Chairman and other officials of the
Answer
Answer: World Bank
Q91: The mandatory acceptance of a third person in order to settle a dispute is known as
Answer
Answer: Meditaiton
Q92: The marketing mix includes
Answer
Answer: Promotion
Q93: The marketing task to find ways to alter the same pattern of demand through flexible pricing, promotion and other incentives is termed as
Answer
Answer: Promotional marketing
Q94: The maximum number of directors in a public company should not exceed
Answer
Answer: Twenty
Q95: The maximum number of partners in a firm carrying on banking business is
Answer
Answer: 20
Q96: The maximum period of time in which a current asset is expected to be realized in cash is
Answer
Answer: One year
Q97: The maximum period of time that an income statement can reflect transaction is
Answer
Answer: One year
Q98: The memorandum of association of a company
Answer
Answer: Defines the object of its existence and operations
Q99: The minimum number of members in a private limited company is
Answer
Answer: 2
Q100: The minimum number of members required for registration of a co-operative society is
Answer
Answer: Ten
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