Competitive Exams: Commerce MCQs (Practice-Test 18 of 99)

  1. Which one of the following is the most appropriate management control technique for timely completion of a project?

    1. Organization chart

    2. Management by Objectives

    3. PERT

    4. Span of control

  2. Which of the following pairs are correctly matched?

      • Frederick Herzberg
      • Scientific management
      • Henry Fayol
      • Modern management
      • Max Weber
      • Bureaucracy
      • Philip Kotler
      • Marketing

    Select the correct answer using the codes given below

    1. 1 and 2

    2. 2 and 3

    3. 1 and 3

    4. 2, 3 and 4

  3. Hawthorne studies have underlined the significance of which of the following?

    1. System approach to management

    2. Contingency approach to management

    3. Modern approach to management

    4. Human relations approach to management

  4. Which of the following is called Backbone of auditing?

    1. Routine checking

    2. Vouching

    3. Internal checks

    4. Internal control

  5. Match List I with List II and select the correct answer using the codes given below:

    List-I List-II
    1. Receipts and payments account

    2. Income and expenditure account

    3. Dividend equalization reserve

    4. Subscription received in advance account

    1. Revenue

    2. Cash

    3. Liability

    4. General reserve

    • A
    • B
    • C
    • D
      • 2
      • 1
      • 4
      • 3
      • 3
      • 4
      • 1
      • 2
      • 2
      • 4
      • 1
      • 3
      • 3
      • 1
      • 4
      • 2
  6. Burns and Stalker, model for categorizing organization by structural design uses the terms

    1. Functional and geographic

    2. Functional and organic

    3. Geographic and mechanistic

    4. Mechanistic and organic/

  7. In management principles, grid refers to

    1. Diverse managerial styles

    2. Coordination

    3. Communication

    4. Motivation

  8. Who among the following is a bear operator?

    1. A stock broker who sells shares now and buys the same shares later

    2. An investor who expects the price of a security or that of the whole securities market to rise

    3. An investor who sells securities in anticipation of being able to repurchase them later at a lower price

    4. A broker who indulges in rigging of share prices

  9. Consider the following statements regarding Information Memorandum

    1. A company inviting subscription by an information memorandum shall be bound to file a prospectus prior to the opening of the subscription lists and the offer as a red-herring prospectus, at least 10 days before the opening of the offer.

    2. The information memorandum and red-herring prospectus shall carry same obligations as are applicable in the case of a prospectus.

    3. Any variation between the information memorandum and the red herring prospectus shall be highlighted as variations by the issuing company.

    Which of the statements given above is/are correct?

    1. 1 only

    2. 1, 2 and 3

    3. 2 and 3

    4. 3 only

  10. Match List I with List II and select the correct answer:

    List-I List-II
    1. Financial leverage

    2. Quick ratio

    3. Stock turnover

    4. Margin on sales

    1. Efficiency

    2. Profitability

    3. Liquidity

    4. Risk

    • A
    • B
    • C
    • D
      • 4
      • 3
      • 1
      • 2
      • 1
      • 2
      • 4
      • 3
      • 4
      • 2
      • 1
      • 3
      • 1
      • 3
      • 4
      • 2
  11. In a partnership business if there is no specific agreement among partners, profit is distributed in the

    1. Ratio of capital contributions

    2. Ratio of time spent in the business

    3. Ratio to be decided by the Court

    4. Equal ratio

  12. Rules concerning meetings and reports of a joint stock company are contained in its

    1. Prospectus

    2. Memorandum of Association

    3. Articles of Association

    4. Bye-laws

  13. Consider the following statements about management of change:

    1. Job enlargement and job enrichment are examples of techno-structural approaches to change

    2. Organizational development is short-range effort supported by top management to increase an organization's problem solving and renewal processes

    Which of the statements given above is/are correct?

    1. 1 only

    2. 2 only

    3. Both 1 and 2

    4. Neither 1 nor 2

  14. Consider the following statements about organizational structure

    1. Functional organization is used by large, multi-product companies

    2. Product or market organization is used by smaller firms that offer a limited line of products

    3. Matrix organizational structure is a hybrid

    Which of the statements given above is/are correct?

    1. 1 and 2

    2. 3 only

    3. 2 and 3

    4. 1, 2 and 3