Business Administration Paper – 2005 Solved MCQs Competitive Exams Set 2

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(14) The key to motivating today՚s diversified work force lies in:

(a) Creativity

(b) Goal setting

(c) Support

(d) Flexibility

Answer: (b)

(15) Control should be placed:

(a) Where they are cost-effective

(b) On all activities

(c) Where there are problem areas

(d) On the single most important

Answer: (b)

(16) The marketing logic by which the business unit hopes to achieve its marketing objective is called:

(a) Business strategy

(b) Marketing strategy

(c) Production & distribution strategy

(d) All of these

Answer: (b)

(17) Strategic planning is the process of developing a formal strategy for:

(a) Identifying clear objectives

(b) Long run survival & growth

(c) Continuity & Consistency

(d) All of these

Answer: ()

(18) Who are the true owners of Corporation?

(a) Debt holder

(b) Common stock holders

(c) Managers of the firm

(d) Board of directors

Answer: (b)

(19) What does an efficient portfolio provide?

(a) Highest return for a given amount of risk

(b) Least risk for a given level of return

(c) Highest possible return and least amount of risk

(d) Both ‘a’ and ‘b’

Answer: (d)

(20) The economic order quaintly (EOQ) increases when which of the following increases?

(a) Sales

(b) Ordering costs

(c) Carrying costs

(d) Both ‘a’ and ‘b’

Answer: (b)