Business Management MCQ Questions and Answers

Business Management MCQ Questions and Answers

1- Which budget is prepared when demand forecasting is difficult

(A) Sales budget

(B) Production budget

(C) Flexible budget

(D) None of the above

 

2- Deferred cost refers to

(A) Unexpired cost which provide benefit in future period

(B) Liability

(C) Expense which is incurred and totally used in generation of revenue

(D) None of the above

 

3- _______ is a cost that does not change steadily with changes in activity, volume but rather at discrete points

(A) Step cost

(B) Imputed cost

(C) Fixed cost

(D) None of the above

 

4- Cost incurred in the past which are not relevant to a future decision is

(A) Full absorption cost

(B) Under allocated indirect cost

(C) Sunk cost

(D) None of the above

 

5- The process of reporting an item in the financial statements of an entity is

(A) Allocation

(B) Matching

(C) Realization

(D) Recognition

 

6- The cost of insurance and taxes are included in

(A) Cost of ordering

(B) Set up cost

(C) Inventory carrying cost

(D) Cost of storages

 

7- The Pareto Principle is best applied to which of the following inventory systems

(A) EOQ

(B) Fixed time period

(C) ABC Classification

(D) Fixed order quantity

 

8- The three organizational levels are:

(A) corporate level, business level, functional level

(B) corporate level, business unit level, functional level

(C) corporate strategy level, business unit level, functional level

(D) corporate strategy level, business level, specialist level

 

9- What are the two types of research data?

(A) Qualitative and Quantitative.

(B) Primary and secondary.

(C) Predictive and quantitative.

(D) Qualitative and predictive.

 

10- What is the first stage of the marketing research process?

(A) definition of research objectives

(B) writing the research brief

(C) recognition of a marketing management problem

(D) design of secondary research

 

ANSWERS:

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