MCQ Questions on Commerce
31- Managers subscribing to ______ assumptions attempt to structure, control and closely supervise their employees.
(a) Theory ‘X’
(b) Theory ‘Y’
(c) Both Theory ‘X’ and Theory ‘Y’
(d) Neither Theory ‘X’ nor Theory ‘Y’
32- A is a promotion strategy that calls for using the sales force and trade promotion to move the product through channels.
(a) Push strategy
(b) Pull strategy
(c) Blocking strategy
(d) Integrated strategy
33- Which of the following is not a segment of David McClleland’s Theory of Needs?
(a) Need for Self-Actualization
(b) Need for Achievement
(c) Need for Affiliation
(d) Need for Power
34- A company using high price and high promotion policy is adopting the following strategy:
(a) Slow skimming
(b) Rapid Penetration
(c) Slow Penetration
(d) Rapid Skimming
35- A small voluntary group of employees doing similar or related work who meet regularly to identify, analyses and solve product quality problems and to improve general operations is known as
(a) Task Group
(b) Kaizen Groups
(c) Quality Circles
(d) Informal Groups
36- “SALARY” for the purpose of calculating House Rent Allowance paid to an employee, is taken as:-
(a) Basic + Dearness Allowance + All other taxable allowances
(b) Basic + Dearness Allowance + All other taxable allowances + All other taxable perquisites
(c) Basic + Dearness Allowance + Commission based on fixed percentage of turnover.
(d) Basic + Dearness Allowance + All other taxable allowances + Commission based on fixed percentage of turnover
37- The Managerial Grid was given by
(a) Rensis Likert
(b) Kurt Lewin
(c) Hersey Blanchard
(d) Blake and Mouton
38- Technological advances, shifts in consumer tastes, and increased competition, all of which reduce demand for a product are typical of which stage in the PLC?
(a) Decline stage
(b) Introduction stage
(c) Growth stage
(d) Maturity stage
39- Which of the following statements is/are true regarding Contribution in Marginal Costing?
I. Contribution is the difference between the sales value and the marginal cost of the product.
II. Contribution includes fixed cost and profit.
III. Contribution is equal to fixed cost less loss.
IV. Contribution is equal to sales less loss
(a) Only (I) above
(b) Only (IV) above
(c) Both (II) and (III) above
(d) (I), (II) and (III) above
40- If the net present value (NPV) of an investment is positive, the impact on Benefit Cost Ratio (BCR), Net Benefit Cost Ratio (NBCR), Internal Rate of Return (IRR) and cost of capital (K) would be
(a) IRR = K and NBCR > 1
(b) IRR = K and BCR > 1
(c) IRR > K and NBCR > 1
(d) IRR > K and BCR > 1
ANSWERS:
31-(a), 32-(a), 33-(a), 34-(d), 35-(c), 36-(c), 37-(d), 38-(a), 39-(d), 40-(d)