Objective Type Questions on Business Administration
1- A budget in which a responsibility center manager must justify each planned activity and its budgeted total cost is called-
(A) Traditional budget
(B) Zero-based budget
(C) Master budget
(D) Functional budget
2- The budget which usually takes the form of budgeted profit and loss account and balance sheet is known as-
(A) Cash budget
(B) Master budget
(C) Flexible budget
(D) Sales budget
3- Which of the following cost(s) is/are included in cost of capital?
(A) Overall or composite or combined cost
(B) Future cost and historical cost
(C) Explicit cost and implicit cost
(D) All of the above
4- Law of demand assumes which of the following factor(s) to remain constant?
(A) Price of substitute and complementary goods
(B) Income of consumers
(C) Tastes and preferences of consumers
(D) All of the above
5- Which of the following is a capital expenditure?
(A) Building and Civil Cost
(B) Salary and Wages
(C) Repairs and Maintenance
(D) Marketing Cost
6- Which of the following analysis facilitates generation of project ideas and represents a conscious, deliberate and systematic effort by an organisation to identify opportunities that can be profitably exploited?
(A) SWOT analysis
(B) Profitability analysis
(C) Suitability analysis
(D) Risk Analysis
7- In financial appraisal of project which method is used to find present value?
(A) Discounting
(B) Compounding
(C) Amortization
(D) Depreciating
8- The Qualitative methods of demand forecasting rely essentially on the judgement of experts to translate qualitative information into quantitative estimates. Which of the following is qualitative method?
(A) End use method
(B) Econometric method
(C) Delphi method
(D) Causal method
9- Which of the following work a person must perform in an industry to be considered as a workman?
(A) Skilled and Unskilled Work
(B) Managerial Work
(C) High Profile administrative work
(D) None of the above
10- In which of the following case, the principle of first come last go and last come first go may be applied.
(A) Lay-off
(B) Closure
(C) Retrenchment
(D) Dismissal
11- Which of the following cannot be fixed as the wage period?
(A) Daily
(B) Weekly
(C) Monthly
(D) Quarterly
12- Which is the concerns of training?
(A) Commitment to democratic values
(B) Responsiveness to technological, economic and social developments.
(C) Accountability to ensure high performance in every field.
(D) All of the above
13- Which components that contribute to employees motivation?
(A) Relationship with colleagues / leadership
(B) Culture of the organization
(C) Salary
(D) All of the above
14- Emoluments does not include –
(A) Pay
(B) Payment from the Consolidated Fund of India or of the State
(C) Compensatory Allowances
(D) Travelling Allowance
15- What are the purpose of performance appraisal?
(A) Purpose / Goal
(B) Outcome of the employees
(C) Accountability and Team work
(D) All of the above
16- The relationship between the input and the output is linear, follows the law of
(A) Increasing Marginal Rate of Returns
(B) Law of Constant Returns
(C) Law of Decreasing Returns
(D) Law of Increasing Returns
17- Depreciation charges can be calculated by adopting this method
(A) Straight-Line Method
(B) Diminishing Balance Method
(C) Reducing Fraction Method
(D) All of the above
18- Entrepreneur is a _______ word.
(A) Latin
(B) Greek
(C) French
(D) Spanish
19- When total product remains constant, the marginal product will be
(A) Zero
(B) Negative
(C) Positive
(D) Constant
20- The practice of assigning a monetary value to an item, commodity, or service that is not ordinarily bought and sold in the market is called
(A) Total Pricing
(B) Input pricing
(C) Mirror pricing
(D) Shadow pricing
21- Linear programming help in
(A) Profit maximization from different enterprise
(B) Production maximization
(C) Efficient labor use
(D) None of the above
ANSWERS:
1-(B), 2-(B), 3-(D), 4-(D), 5-(A), 6-(A), 7-(A), 8-(C), 9-(A), 10-(C), 11-(D), 12-(D), 13-(D), 14-(D), 15-(D), 16-(B), 17-(D), 18-(C), 19-(A), 20-(D), 21-(A)