Objective Questions on Business Management
Objective Questions on Business Management
1-The objective of management accountancy is:
(A) To assist managers by presenting the whole accounting data in suitable form
(B) To assist in preparing financial reports to present to shareholders
(C) Only to assist in costing functions
(D) Only to assist in preparing financial accounts
2-Which of the following, business environment does not consist?
(A) Government policies
(B) Weaknesses
(C) Strengths
(D) Speculations
3-In probability theory ………………. is one or more of the possible outcomes.
(A) A chance
(B) An event
(C) A result
(D) An experiment
4-Management accountancy
(A) Depends on both financial & cost accountancy
(B) Depends on financial accountancy
(C) Depends on cost accountancy
(D) None of the above
5-Survival and success of a business depend on which of the following?
(A) Human resources
(B) Physical resources
(C) Financial resources
(D) All of the above
6-Events are said to be …………… if one and only one of them can take place at a time.
(A) Inter depended
(B) Independent
(C) Dependent
(D) Mutually exclusive
7-From the following, which type ratio is acid test ratio?
(A) Activity ratio
(B) Leverage ratio
(C) Profitability ratio
(D) Liquidity ratio
8-Which of the following is a part of external environment of the business?
(A) Rules and Regulations
(B) Resources and capabilities
(C) Opportunities and threats
(D) Strengths and weaknesses
9-Statisticians use the word ‘sample’ to describe a portion chosen from:
(A) Statistics
(B) Sampling
(C) Probability
(D) Population
10-The market in which share prices are determined by the demand and supply forces is called:
(A) Derivatives market
(B) Secondary market
(C) Over the counter market
(D) None of the above
11-The internal factors of business environment are:
(A) Controllable
(B) Uncontrollable
(C) Both A and B
(D) None of the above
ANSWERS:
1-(A), 2-(D), 3-(B), 4-(A), 5-(D), 6-(D), 7-(D), 8-(C), 9-(D), 10-(B), 11-(A)