Business Administration Paper – 2003 Solved MCQs NET, IAS, State-SET (KSET, WBSET, MPSET, etc.), GATE, CUET, Olympiads etc. Set 1
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(1) Business risk is influenced by the firm՚s decision to use debt in its financial structure.
(a) True
(b) False
Answer: (a)
(2) The most important function of management is controlling.
(a) True
(b) False
Answer: (a)
(3) A short term creditor would consider liquidity ratios to be more important than efficiency ratios.
(a) True
(b) False
Answer: (a)
(4) According to Maslow, when a need is satisfied, it tends to lose its ability to motivate.
(a) True
(b) False
Answer: (a)
(5) The term marketing mix refers to the degree of advertising Vs personal selling used to market product.
(a) True
(b) False
Answer: (b)
(6) The difference between an agent and a merchant wholesaler is that an agent always takes title but a merchant wholesaler does not.
(a) True
(b) False
Answer: (b)
(7) The management of working capital is required because of a lack of short term synchronization between demand and supply.
(a) True
(b) False
Answer: (a)
(8) A manager who believes that people inherently dislike work probably accepts McGregor՚s Theory X.
(a) True
(b) False
Answer: (a)
(9) Inventory carrying costs can be minimized by carrying fewer units in inventory.
(a) True
(b) False
Answer: (a)
(10) A balance sheet is an accounting report used solely for the corporate form of business.
(a) True
(b) False
Answer: (b)
(11) For management, budgeting is perhaps the most powerful________.
(a) Forecasting tool
(b) Control device
(c) Hiring tool
(d) Accounting measure
Answer: (b)