Multiple Choice Questions (MCQ) on Commerce
1- The concept of non-probability sampling is defined as
(A) The subsets of the population in which several attempts are made to ensure a representative cross section are chosen.
(B) The subsets of the population are chosen in such a way that it ensures a representative cross section by giving single element in the population.
(C) The subsets of the population in which no attempt is made to ensure a representative cross section are chosen.
(D) The subsets of the population are chosen in such a way that it ensures a representative cross section by giving every element in the population.
2- Which of the following is a right sequence of stages of internationalization?
(A) Domestic, Multinational, International, Transnational, Global
(B) Domestic, International, Transnational, Multinational, Global
(C) Domestic, International, Multinational, Global, Transnational
(D) Domestic, Transnational, Global, International, Multinational
3- Which of the following is the right process of training in human resource development?
(A) Instructional design, need analysis, implementation, validation and evaluation
(B) Need analysis, validation, instructional design, implementation and evaluation
(C) Need analysis, instructional design, validation, implementation and evaluation
(D) Instructional design, validation, need analysis, implementation and evaluation
4- Products that are usually purchased due to adversity and high promotional backup rather than the desire are called as _____.
(A) Specialty goods
(B) Convenience goods
(C) Shopping goods
(D) Unsought goods
5- An order for the purchase of securities of a fixed price is known as ______.
(A) Stop loss order
(B) Trailing order
(C) Open order
(D) Limit order
6- Speculators who neither buy nor sell securities in the market but still trades on them are called as _____.
(A) Dormant traders
(B) Stags
(C) Bears
(D) Wolves
7- In hypothesis testing, a Type 2 error occurs when
(A) The null hypothesis is rejected when the alternative hypothesis is true.
(B) The null hypothesis is not rejected when the alternative hypothesis is true.
(C) The null hypothesis is rejected when the null hypothesis is true.
(D) The null hypothesis is not rejected when the null hypothesis is true.
8- The Clientele effect refers to ____
(A) The information content of the dividends
(B) The relevance of dividend policy on share value
(C) The conjoint effect of all the market factors along with information content of dividends on the firm’s dividend policy.
(D) The ability of the firm to attract stockholders whose dividend preferences are similar to the firm’s dividend policy
9- “Hell or High water Clause means in lease financing:
(A) The unconditional obligation of the lessee to pay rentals over the entire life of the asset.
(B) The less or should take responsibility for repair and maintenance and should pay insurance.
(C) The operation of the asset by the lessee over the entire life of the equipment.
(D) The commitment of the less or to replace the asset in the face of any event affecting the usage of the asset.
10- _____ is a special non-probability method used when the desired sample characteristic is rare.
(A) Snowball sampling
(B) Panel Sampling
(C) Purposive Sampling
(D) Convenience sampling
11- A lame duck is _____
(A) A bear who cannot keep his commitments
(B) A bull who does not keep his promise
(C) A premium hunter
(D) A cautious speculator
12- In internal recruitment a disadvantage is that when an employee is promoted to another job, it becomes essential to find someone to fill the position vacated by him/her in the organization. This is referred to as
(A) Extinction effect
(B) Halo effect
(C) Domino effect
(D) Ripple effect
13- What is the use of Factorial Analysis?
(A) To understand the difference between various variables
(B) To understand the difference between two variables
(C) To understand the relationship between two variables
(D) For setting the hypotheses
14- Which technique is generally followed when the population is finite?
(A) Area Sampling Technique
(B) Systematic Sampling Technique
(C) Purposive Sampling Technique
(D) None of the above
15- Which of the following is an uncontrollable cause of material usage variance?
(A) Excessive wastages
(B) Poor quality of materials
(C) Pilferage of materials
(D) Non availability of standard materials
ANSWERS:
1-(C), 2-(C), 3-(C), 4-(D), 5-(D), 6-(B), 7-(B), 8-(D), 9-(A), 10-(A), 11-(A), 12-(D), 13-(B), 14-(B), 15-(D)