Competitive Exams: Commerce MCQs (Practice-Test 84 of 99)

  1. what is the correct sequence of the following functions of a Manager in an organization?

    1. Motivating

    2. Controlling

    3. Organizing

    4. Planning

      1. 4, 3, 2, 1

      2. 4, 3, 1, 2

      3. 3, 4, 2, 1

      4. 3, 4, 1, 2

  2. According to Need Hierarchy Theory of Maslow, human needs arise arise in which one of the following orders?

    1. Physiological needs--Social need-Safety needs-Ego needs-Self-actualization needs

    2. Physiological needs--Social needs-Ego needs-Safety needs-Self-actualization needs

    3. Physiological needs--Safety. Needs-Social needs-Ego needs-Self-actualization needs

    4. Physiological needs--Safety needs--Ego needs Social needs-Self-actualization needs

  3. Scalar principle of organization implies that

    1. all subordinates have only one. Supervisor

    2. line of authority is defined clearly

    3. manager can directly supervise only a limited number of persons

    4. The subordinates need not necessarily have a supervisor

  4. To indicate the functions of management, the catchword POSDCORB was coined by

    1. Luther Gulik

    2. Henry Fayol

    3. Ernest Dale

    4. None of the above

  5. consider the following statements

    1. Planning is looking ahead.

    2. Controlling is looking back

    3. Delegation multiplies leadership.

    4. Life insurance is a contract of indemnity.

      1. 1, 2 and 4 are correct

      2. 1, 2 and 3 are correct

      3. 1, 3 and 4 are correct

      4. 2, 3 and 4 are Correct

  6. Job analysis involves

    1. Developing training skills, knowledge and personal traits of the worker necessary for a specific job.

    2. Identifying machines, tools and equipment to be used for the job.

    3. Identification of the task to be performed by an individual.

    4. Determination of the materials, products or services needed.

    The correct sequence of these steps while conducting job analysis is:

    1. 3, 2, 4, 1

    2. 3, 2, 1, 4

    3. 2, 3, 4, 1

    4. 2, 3, 1, 4

  7. Consider the following statements:

    1. Authority flows downward but responsibility flows upward.

    2. Authority should be equal to responsibility.

    3. both authority and responsibility are divisible.

    4. If delegation is the end then decentralization should be the means.

      1. 1 and 2 are correct

      2. 3 and 4 are correct

      3. 1, 2 and 3 are correct

      4. 2, 3 and 4 are correct

  8. Following are the steps in the process of Delegation of Authority:

    1. Assignment of task.

    2. Creation of responsibility.

    3. Granting authority.

    4. Fixing accountability.

    The correct sequence of these steps is:

    1. 1, 3, 2, 4

    2. 1, 4, 3, 2

    3. 1, 3, 4, 2

    4. 1, 2, 3, 4

  9. Consider the following Organization Chart: Which one of the following is indicated by this chart?

    1. Wide span

    2. Multiple levels of supervision

    3. Narrow span

    4. Decentralization

  10. Match List I (Wage incentive plans) with List II (Name & contributors) and select the correct answer:

    List-I List-II
    1. Premium Plan

    2. Efficiency Bonus Plan

    3. Points Premium Plan

    4. Task and Bonus Plan

    1. Gantt

    2. Emerson

    3. Beaux

    4. Taylor

    5. Halsey

    • A
    • B
    • C
    • D
      • 5
      • 3
      • 2
      • 1
      • 1
      • 2
      • 3
      • 4
      • 2
      • 3
      • 4
      • 1
      • 5
      • 2
      • 3
      • 1
  11. Match List I (Management terms) with List II (Factors related to these terms) and select the correct answer:

    List-I List-II
    1. Resisting forces of change

    2. O D Driving

    3. forces of change

    4. Conflict

    1. Organization

    2. New policy

    3. Fear

    4. Interpersonal relationships

    • A
    • B
    • C
    • D
      • 3
      • 1
      • 2
      • 4
      • 1
      • 2
      • 3
      • 4
      • 1
      • 3
      • 2
      • 4
      • 3
      • 4
      • 2
      • 1
  12. Which one of the following routines best describes the chronology of steps taken in the selling process?

    1. Receipt of order, invoicing, processing order, and shipment of goods

    2. invoicing, processing order, shipment of goods, accounting for sale

    3. Receipt of order, processing order, accounting for sale, shipment of goods

    4. Processing order, invoicing, shipment of goods, accounting for sale.

  13. Is Card indexing an improvement over the simple indexing system?

    1. Yes, because the cards can be arranged in a particular order and the order can't be changed at will

    2. No, because the cards wanted for reference can't be taken out without holding up the work of recording information as other cards are left behind

    3. Yes, because it facilitates location of any name or subject with the minimum of searching, as the cards are arranged in alphabetical order

    4. No, because the system has a limited capacity for expansion, as the number of drawers can't be increased or desired

  14. The altered Memorandum of Association must be filed with the Registrar within

    1. 6 months of the Company Law Board's order

    2. 5 months of the Company Law Board's order

    3. 3 months of the Company Law Board's order

    4. 2 months of the Company Law Board's order

  15. Whenever a company wants to alter its Memorandum for changing the place of registered office from one State to another, it has to pass.

    1. ordinary resolution

    2. special resolution

    3. resolution requiring special notice

    4. unanimous resolution