QUESTION BANK

MAN (55509)

1. Business firm Produce and supply wide varieties of goods and required by the
society. A) Money B) Services C) Entities D) Social Service Ans- B) Services
2. The year 1991 is famous for. A) New Fiscal deficit policy B) IT parks initiated in
Bangalore C) Globalization policy, liberalization was accepted by India D) Policies of
cooperative societies changed Ans- C) Globalization policy, liberalization was
accepted by India
3. The primary sector includes all of the following except. A) Forestry B)
Manufacturing C) Mining D) Agriculture Ans- B) Manufacturing
4. product comes under petrochemical industry. A) Vehicles B) Plastic C) Wood D)
Paper Ans- D) Paper Page 2 of 10
5. Management causes. A) Miss-communication B) Wastage of resources C) Miss-
coordination D) None of the above Ans- D) None of the above
6. Skill is needed at the top level management. A) Technical B) Conceptual and
technical C) Conceptual D) Conceptual, Technical and human Ans- D) Conceptual,
Technical and human
7. is recruitment of right people at right place in an organization. A) Planning B)
Organizing C) Staffing D) Controlling Ans- C) Staffing
8. Policy making in an industry is a role of A) Management B) Administration C)
Public D) Workers Ans- B) Administration
9. Scientific management works on A) Research and experimentation B) Trial and
error C) More attention on production only D) Tradition management theory Ans- A)
Research and experimentation
10. What is Espirit De Corps ? A) It is a function of management B) It is a principle
of management C) It is management concept in Russia D) It is a name of company
Ans- B) It is a principle of management
11. The process of monitoring, comparing and correcting is called A) Coordinating B)
Controlling C) Leading D) Organizing Ans- B) Controlling Page 3 of 10
12. A joint venture can be defined as A) Two firms collaborate with each other on a
specific project B) One firm licenses its intellectual property to another firm C) Two
firm merge together D) Two firm come together to form a third, legally seperate firm
Ans- A) Two firms collaborate with each other on a specific project
13. Grouping the activities or operations of an enterprise into various units is referred
as A) Centralization B) Departmentation C) Delegation D) Communication Ans- B)
Departmentation
14. can be defined as running business by a single owner A) Proprietorship
B)Partnership C)Private limited D) Public limited Ans- A) Proprietorship
15. Which are factors in which span of control depends ? A) Trained and experienced
subordinates B) Type of work C) Capacity of executive or manager D) All of the
above Ans- D) All of the above
16. Unlimited liability is present in A) Proprietorship B) Partnership C) Both a & b D)
None of the above. Ans- D) None of the above.
17. “Achievement due to one will be shared by all others”, this happens in A) General
partnership B) Limited partnership C) Both a and b D) None of the above Ans- C)
Both a and
18. is concerned with procurement, allocation and control of financial resources of a
firm. A) Financial Management B) Material Management C) Personnel Management
D) Operation Management Ans- B) Material Management Page 4 of 10
19. VAT and sales tax falls under A) Indirect tax B) Service tax C) Direct tax D) All of
the above Ans- A) Indirect tax
20. The necessity of industrial act is to protect the interests of : A) Workers B)
Employers C) A and B D) None of the above Ans- C) A and B
21. Safety management deals with A) loss of life B)Personal injury C)Damage to the
equipment D) Prevention of an accident Ans- D) Prevention of an accident
22. Collapse of crane is a cause of accident, under which type of accident it come ?
A) Mechanical cause of accident B) Natural cause of accident C) Human error D) All
of the above Ans- A) Mechanical cause of accident
23. Capital required by a company to purchase building for starting the company is
called as A) Working capital B) Fixed capital C) Loan D) Dept Ans- B) Fixed capital
24. Variance report is the difference between outcome of the company A) Material
cost and labor cost B) Planned budget and actual budget C) Cash budget and fixed
budget D) Purchased budget and overhead budget Ans- B) Planned budget and
actual budget
25. The necessity of industrial act is to protect the interests of : A) Workers B)
Employers C) A and B D) None of the above Ans- D) None of the above Page 5 of 10
26. Value added tax (VAT) is a tax on ? A) An employee earning B) The organization
profits C) The investment earnings D) Good and services Ans- D) Good and services
27. Which is part of material management A) Inventory Management B) Marketing
Management C) Both A & B D) None Ans- C) Both A & B
28. Which is not the feature of ERP A) Integrated system B) Common Data-Base C)
Departmental access D) Different look for each module Ans- D) Different look for
each module
29. cost=unit price x annual consumption volume A) Consumption B) Protection C)
Investment D) None of these Ans- A) Consumption
30. Which of the followings are the aims of material management ? A) Continuity of
supply B) Low payroll cost C) Higher inventory turn over D) All of the above Ans- A)
Continuity of supply
31. A type of Item has ...... importance due to consumption A) 10-20% B) 15-25% C)
40-50% D) 70-80% Ans- D) 70-80% Page 6 of 10
32. The activity of “Control” in Six sigma refers to : A) Develop alternatives B)
Determines various controls needed and validate them C) Prepare control chart D)
None of the above Ans-B) Determines various controls needed and validate them
33. Top agro industry in India is A) FabIndia B) Pidilite C) Dupont India D) None of
the above Ans- C) Dupont India
34. Father of scientific management is A) Fedrick W. Tailor B) Arthur Dunkel C)
Henry Fayol D) Robert owen Ans- A) Fedrick W. Tailor
35. Deciding in advance what to do, how to do and when to do is........ A) Decision-
making B) Organizing C) Planning D) Motivating Ans- C) Planning
36. Which statement is wrong A) Authority can not be delegated B) Authority is the
power to act C) Hidher the post, higher is the authority D) Authority is right to
command Ans- A) Authority can not be delegated
37. Which is the appropriate reason of failure of good plan ? A) Insufficient data B)
Lack of knowledge C) Over confidence D) All of the above Ans- D) All of the above
38. ...........is The process of operations, verify conformity with the predetermined plan
and takes corrective action A) Coordinating B) Forecasting C) Organizing D)
Controlling Ans- D) Controlling Page 7 of 10
39. Which one of following is not included in the „contents of partnership deed‟. A)
Name of partnership firm B) Duration of partnership C) Permanent address of
partnership business D) Face value of share Ans- D) Face value of share
40. In automobile industry, departments can be on the basis of A) Territorial B)
Product C) Customer D) Process Ans- B) Product
41. Minimum wages needed to be paid in: A) Cash B) Demand draft B) Cheque C)
None of the above Ans- A) Cash
42. Safety management deals with A) Loss of life B) Personal injury C) Damage to
the equipment D) Prevention of an accident Ans- D) Prevention of an accident
43. Safety promotes A) Sales B) Productivity C) Profit D) Research height of
workrooms Ans- D) Research height of workrooms
44. I want the products of my company to achieve perfect quality, which tool will I
apply to check this A) Six sigma B) ABC analysis C) MRP D) EOQ Ans- A) Six sigma
45. Which is a part of Material management A) Inventory management B) Marketing
management C) Both A & B D) None Ans- C) Both A & B Page 8 of 10
46. All the person working in the organization ( including managers & workers )
Should be involved in operation A) MRP B) TQM C) Globalization D) EOQ Ans- B)
TQM
47. Remuneration is based on A) Performance B) Responsibility C) Emotion D)
Designation Ans- A) Performance
48. The unity of authority and plan of action is about A) Unity of direction B)
Authority C) Discipline D) Unity of commands Ans- D) Unity of commands
49. Plans, policies and procedures are the function of ------ A) Top level management
B) Middle level management C) Bottom level management D) Middle and bottom
level management Ans- D) Middle and bottom level management
50._ is an activity which defined the steps of how and when work will be done
effectively A) Directing B) Planning C) Organizing D) Controlling Ans- B) Planning
51.Which theory was put forward by F.W Taylor ? A) Management by objectives B)
Industrial management C) Functional management D) Scientific management Ans-
D) Scientific management 52.Which of the following post omes under middle level
management . A) Director B) Branch Manager C) Foreman D) Supervisor Ans- B)
Branch Manager Page 9 of 10
53. Policy making in an industry is a role of A) Management B) Administration C)
Public D) Work Ans- B) Administration
54. Motivation based on force is called as A) Negative motivation B) Positive
motivation C) Extrinsic motivation D) Intrinsic motivation. Ans- A) Negative
motivation
55. Who is incorrect person in the definition of Dependent? A) Wife B) Minor son C)
Widowed mother D) Friend Ans- D) Friend
56. Minimum rates of wages may be fixed by A) By the hours B) By the day C) By the
month D) All of the above Ans- D) All of the above
57. Financial planning deals with A) Preparations of financial statement B) Planning
for Capital Issues C) Preparing budgets D) All of the above Ans- D) All of the above
58._ is prepared to co-ordinate between various budget A) Master budget B) Sales
budget C) Production budget D) Material budget. Ans- A) Master budget
59. The function of administration is......... A) Decision making B) Policy making C)
Controlling & ensure discipline D) All of above Ans- D) All of above Page 10 of 10
60. Top level is know as because all important decision related to whole organization
is taken by top management. A) Strategical level B) Tactical level C) Operational
level D) All of above Ans- A) Strategical level
61. One disadvantage of forming a partnership is? A) The number of partner is
limited B) Specialist skill may be introduced C) More financial capita is usually is
available D) Any Financial must be shared Ans- A) The number of partner is limited
62. Inventory management is part of: A) Product management B) Marketing
management C) Material management D) Sales management Ans- C) Material
management
63. Principles proposed by are very useful for the contemporary managers to
manage their work efficiently effectively. A) Controlling B) Organising C) Directing D)
Planning Ans- D) Planning