Business Administration MCQ Questions and Answers

Business Administration MCQ Questions and Answers

1-Company images and brand equity is factor affecting business

(A) Government Policy

(B) Externally

(C) Internally

(D) None of the above

 

2-A situation in which the number of competing firms is relatively small is known as

(A) Oligopoly

(B) Monopsony

(C) Imperfect Competition

(D) Monopoly

 

3-Which of the following functions is known as the essence of management?

(A) Control

(B) Co-ordinating

(C) Organizing

(D) Planning

 

4-Planning is a _______ process

(A) Time bound

(B) Goal Oriented

(C) Flexible

(D) All of the above

 

5-Implicit costs are:

(A) Always greater in the short run than in the long run.

(B) “Payments” for self-employed resources.

(C) Comprised entirely of variable costs.

(D) Equal to total fixed costs.

 

6-It’s a combination of Quality, Service & Price

(A) Service Quality Triad

(B) Customer satisfaction Triad

(C) Customer value Triad

(D) Marketing Triad

 

7-Globalisation is the term used to describe process of removal of restriction on

(A) Foreign Trade

(B) Investment

(C) Both (A) and (B)

(D) None of the above

 

8-The short run is a time period in which:

(A) Some resources are fixed and others are variable.

(B) The size of the production plant is variable.

(C) The level of output is fixed.

(D) All resources are fixed.

 

9-The culture of a company is conveyed through

(A) Rituals

(B) Rites

(C) Myths

(D) All of the above

 

10-Who is the successor of GATT?

(A) IFC

(B) WTO

(C) WTC

(D) World Bank

 

ANSWERS:

1-(B), 2-(A), 3-(B), 4-(D), 5-(B), 6-(C), 7-(C), 8-(A), 9-(D), 10-(B)