Multiple Choice Questions (MCQ) on Business Administration
1-The shape of demand curve is
(A) Upper sloping curve from right to left
(B) Down sloping curve from right to left
(C) Down sloping curve from left to right
(D) Upper sloping curve from left to right
2-‘POSDCORB’ was coined by
(A) F.W. Taylor
(B) Prahlad
(C) Maslow
(D) Gullick
3-Under perfect competition, short run equilibrium of a firm will be
(A) MC = MR
(B) MC < MR
(C) MC > MR
(D) None of these
4-The total product concept was developed by
(A) Theodore Levit
(B) Kotler
(C) Peter Drucker
(D) None of these
5-Capital profit is transferred to
(A) Capital Reserve
(B) Reserve Capital
(C) General Reserve
(D) Specific Reserve
6-The law of diminishing marginal utility was first stated by
(A) H.H. Gossen
(B) J.R. Hicks
(C) J.B. Say
(D) Marshall
7-Which of the following is not included in the function of physical supply?
(A) Standardization
(B) Transportation
(C) Storage
(D) Packaging
8-Agreement is
(A) Consideration
(B) Offer
(C) Acceptance
(D) Both (B) and (C)
9-Which of the following items is recorded in the sales general?
(A) Only cash sales
(B) Only credit sales
(C) Both cash and credit sales
(D) None of these
10-The main objective of a firm is
(A) Sales management
(B) Inventory management
(C) Profit maximization
(D) Wealth maximization
11-The word ‘positioning’ was coined by
(A) Kotler
(B) Peter Drucker
(C) Al Reis and Jack Trout
(D) Rosser Reeves
12-Capital Account is
(A) Personal Account
(B) Real Account
(C) Nominal Account
(D) None of these
ANSWERS:
1-(C), 2-(D), 3-(A), 4-(A), 5-(A), 6-(D), 7-(A), 8-(D), 9-(B), 10-(C), 11-(C), 12-(A)