NET, IAS, State-SET (KSET, WBSET, MPSET, etc.), GATE, CUET, Olympiads etc.: Commerce MCQs (Practice_Test 72 of 99)
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- Consider the following stages in delegation of authority:
- Creation of obligation
- Determination of results expected
- Assignment of duties
- Authorisation for actions
- The correct sequence of these stages is
- 1,2, 3,4
- 2,1, 4,3
- 2,3, 4,1
- 1,3, 4,2
- Consider the following stages in Management by Exception
- Setting criteria that the management will use to follow progress towards organisational objectives
- Measurement of current performance in the organisation
- Making comparison of actual and planned performance and identifying the exceptions
- Decision-making prescribing the action to be taken
- The correct sequence of these stages is
- 2,3, 4,1
- 2,1, 3,4
- 1,3, 2,4
- 1,2, 3,4
- The delegation of authority from higher to lower levels of an organisation is called
- Diminution of authority
- Division of labour
- Departmentalisation
- Decentralisation
- In an organisation, performance appraisal is NOT expected to
- integrate and coordinate the endeavour of individuals
- monitor the efforts of inviduals
- provide a means of correcting or commending the efforts of individuals
- calculate the living wage of the worker
- A collection of duties, tasks and responsibilities assigned to a single individual is
- occupation
- position
- job
- grade
- Consider the following steps in Management of change:
- Identifying the elements to be changed
- Identifying need for change
- Assessing change forces
- Implementing change
- The correct sequence of these steps is
- 1,2, 3,4
- 2,1, 3,4
- 1,3, 2,4
- 2,3, 1,4
- Consider the following statements: The difference between office systems and routines are that the
- systems are plans while routines are procedures
- systems are all-inclusive while routines are parts of systems
- systems are people oriented while routines are financial in nature
- systems are the goals while routines are the means
- Which of the above statements are correct?
- 1,2 and 3
- 1 and 2
- 1,3 and 4
- 2 and 4
- Computerised communication system existing within an organisation is called
- Internet
- Extranet
- Local Area Network
- Intranet
- The Board՚s Report shall give the prescribed particulars of employees, who are in receipt of yearly remuneration, which is not less than
- ₹ 1.44 lakhs
- ₹ 3 lakhs
- ₹ 6 lakhs
- ₹ 12 lakhs
- The provisions relating to inter-corporate loans are interalia laid down in
- Section 370 of the Companies Act, 1956
- Section 372 of the Companies Act, 1956
- Section 372 A of the, Companies Act, 1956
- Section 371 of the Companies Act, 1956
- The books of account of a company should be preserved for a period of not less than
- 2 years
- 5 years
- 8 years
- 10 years
- In the Balance Sheet, under the subheading ‘current liabilities and provisions’ disclosure of the name (s) of small-scale industries/undertakings is required if the company owes a sum
- exceeding ₹ 1 lakh as outstanding for more than 6 months
- not exceeding ₹ 1 lakh as outstanding for more than 6 months
- exceeding ₹ 1 lakh as outstanding for more than 30 days
- exceeding ₹ 50,000 as outstanding for more than 2 months
- Investor Education and Protection Fund is required to be established by
- the Central Government
- the SEBI
- over the Counter Exchange
- the National Stock Exchange
- If an auditor, after his appointment, becomes disqualified as specified in Section 226 − 3 and 4 of the Companies Act, 1956
- the appointing authority will ask him to vacate his office
- the Company Law Board will ask him to tender his resignation
- he will be deemed to have vacated his office
- the Institute of Chartered Accountants of India will terminate him from office
- According to Companies Act, when the dividend proposal is exceeding 20 per cent of the paid-up capital, the amount to be transferred to reserve shall not be less than
- 7.5 per cent of the current profit
- 10 per cent of the current profit
- 12.5 per cent of the current profit
- 15 per cent of the current profit