Business Administration Paper – 2004 Solved MCQs NET, IAS, State-SET (KSET, WBSET, MPSET, etc.), GATE, CUET, Olympiads etc. Set 1
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(1) In a large corporation, the firm՚s owners are usually its top managers. False
(a) True
(b) False
Answer: (b)
(2) The basic information needed to construct a flow of funds statement is found on the income statement.
(a) True
(b) False
Answer: (a)
(3) The operating break-even point is the point at which operating profits equal revenues minus operating costs. False
(a) True
(b) False
Answer: (b)
(4) A sinking fund is a poorly performing mutual fund whose net asset value is declining.
(a) True
(b) False
Answer: (b)
(5) Penetration Pricing is used when a marketer introduces a new product at a relatively
high price. False
(a) True
(b) False
Answer: (b)
(6) The most common channel for consumer products is manufacturer-retailer consumer. True
(a) True
(b) False
Answer: (a)
(7) In the classification of consumer products, convenience products are usually more expensive than shopping products.
(a) True
(b) False
Answer: (b)
(8) During the maturity stage of the PLC, sales increase at faster rate than during any other stage. False
(a) True
(b) False
Answer: (b)
(9) A wide span of management results in few organizational levels, and a narrow span results in many levels. True
(a) True
(b) False
Answer: (a)
(10) The Line relationship involves making decisions and acting on them. True
(a) True
(b) False
Answer: (a)
(11) Data is defined as “formal system of gathering, integrating, comparing, analyzing, and dispersing information internal and external to the enterprise in a timely, effective and efficient manner” . False
(a) True
(b) False
Answer: (b)
(12) A manager who believes that people inherently dislike work probably accepts McGregor՚s Theory X.
(a) True
(b) False
Answer: (a)