Business Administration MCQ (Multiple Choice Questions)

21-A and B are partners sharing profits in the ratio 1:2. C is admitted and the new profit sharing ratio is 1:2:3. Sacrificing ratio is

(A) 1:3

(B) 2:1

(C) 3:1

(D) 1:2

 

22-It is sometimes referred to as scalar organization.

(A) Functional organization

(B) Line organizational

(C) Line and Staff organization

(D) Matrix organization

 

23-LIBOR is related to calculation of

(A) Reserves and Surplus

(B) Depreciation

(C) Amortisation

(D) International Based Interest Rates

 

24-CRR is related to

(A) Credit Rating Ratio

(B) Courier Representative Relationship

(C) Customer Repo Rate

(D) Controlling Liquidity Ratio

 

25-Principal of Unity of Command means

(A) The subordinate should receive orders and instructions from only one supervisor

(B) The flow of authority should flow one top to bottom

(C) There must be unity of purpose

(D) All activities must be co-ordinated effectively

 

26-Excess of average profit earned by the firm over and above its normal profit is

(A) Bumper profit

(B) Normal profit

(C) Super profit

(D) Excess profit

 

27-A complex set of forces affects the nature of organization; one of these is

(A) Structure

(B) Goals

(C) Interpersonal relationship

(D) Research

 

28-MIGA is related to

(A) Cargo insurance

(B) Life Insurance

(C) Non-Life Insurance

(D) FDI Insurance

 

29-Expectancy theory of motivation was developed by

(A) Victor Vroom

(B) Clayton Alderfer

(C) George Terry

(D) Douglas McGregor

 

30-Prime cost =

(A) Direct material + Direct labour + Indirect expenses

(B) Indirect labour + Direct expenses + selling expenses

(C) Direct material + Direct labour + Direct expenses

(D) Indirect Material + Direct labour + administrative expenses

 

ANSWERS:

21-(D), 22-(B), 23-(D), 24-(D), 25-(A), 26-(C), 27-(A), 28-(D), 29-(A), 30-(C)