Which of the following is not a function of management?

* 1 point

Planning

Staffing

Budgeting

Profit earning

The income that is received by individuals, but not necessarily earned is 1 point
termed as? *

Personal income

Primary income

Secret income

Personal net income

Sum of the demand of all the consumers in a market for a given 1 point
commodity at a specific point of time is called as? *

Market demand

Consumer demand

Market choice

Consumer behaviours
Inflation indicates a fall in which of the following matter ? * 1 point

Selling power

purchasing power

Demand

Supply

The sum of the quantity of the commodity that is brought into a market for 1 point
sale by the sellers in the given market at specific time is called as? *

Market supply

Demand supply

Inventory supply

Raw material supply

Who measures inflation in India? * 1 point

Ministry of diplomatic foreign relations

Ministry of health and family welfare

Ministry of Statistics and programme implementation

Ministry of finance
Partnership firms are governed by which act? * 1 point

Indian Business Act- 1944

Indian Partnership Act- 1932

Indian Partnership Act- 1944

Indian Business Act- 1932

Which price reflects directly on the demand of produce? * 1 point

Indirect price

Market price

Selling price

Direct price

A market place where buyers and sellers are engaged in the exchange of 1 point
debt securities, usually in the form of bonds is called as? *

Bond market

Stock market

Barter market

Exchange market
There are various methods to reduce cost of production, except? * 1 point

Reduction in number of rejections

Maintaining maximum inventory levels

Increase in production output

Producing standardized products

Management is ------ ? * 1 point

Dynamic function

Production function

Planning function

Controlling function

Authority and responsibility should be ------? * 1 point

Equal

Not equal

Effective

Not effective
What is equilibrium point in demand and supply curve? * 1 point

Demand = Supply

Demand > Supply

Demand = Supply - order

Demand < Supply

When there is an increase in number of people who wants something 1 point

similar whose supply cant keep up by producer, is which type of inflation? *

Cost pull inflation

Cost push inflation

Demand pull inflation

Demand push inflation

The breakeven point is obtained at intersection of------ ? * 1 point

Total revenue and Total cost line

Total cost and variable cost line

Variable cost and fixed cost line

Fixed cost and total cost line

Robert F. Lauterborn gave a modernized version of the four C’s model in 1 point
the year? *

1994

1993

1999

1978

What do you mean by Gross National Product? * 1 point

The total value of goods and services produced in the country

The total value of goods and services produced in the country and the net factor
income from abroad

The depreciation in the total value of goods and services produced in the country

The total value of all the transactions in the country

The type of segmentation which is based on the lifestyle of an individuals 1 point

and individual’s attitude, interest and value is known as ? *

Psychographic segmentation

Behaviouralistic Segmentation

Geographic segmentation

Attitude segmentation
What do you mean by a mixed economy? * 1 point

Modern and traditional industries

Foreign and domestic investments

Public and private sectors

Commercial and subsistence farming

Disposable personal income represents -------? * 1 point

What people actually don’t have that they can’t spend

What people hypothetically have that they can spend

What people actually have that they can spend

What people actually have that they can save

When the ownership and management of business are in control of one 1 point
individual, it is known as? *

Sole Proprietorship

Sole Leadership

Half Ownership

Sole Marketing
The process that accounts for an individual’s intensity, direction and 1 point
persistence of efforts towards achieving the target is known as? *

Motivation

Ability

Mind set

Agility

Which of the following is the financial incentives? * 1 point

Promotion

Stock incentives

Job security

Employees participation

An industry is selling a product for Rs. 10 per unit. The fixed cost for assets 1 point
is Rs. 40000 with variable cost of Rs. 6 per unit. How many units should be
produced to break even? *

12,000

10,000

14,000

8,000
 8,000

Which among the following is not a nature of management principles? * 1 point

Rigid

Universal

Relative

Human

Extension of demand means? * 1 point

More demand at fewer prices

Less demand at fewer prices

More demand at more prices

Less demand at more prices

Which type of organization is also called as scalar, military or vertical 1 point

organization? *

Hybrid organization

Matrix organization

Functional organization

Line organization
Theory of needs is used to explain/understand -- * 1 point

Human motivation and personal development

Human degeneration and shame

Society behaviour

Demand supply relation

When price floor is set above equilibrium price it will result in? * 1 point

Shortage

Surpluses

Equilibrium

Inflation

The market in which there is only one seller of a commodity is called as? * 1 point

Monopoly

Perfect market

Monopsony

Duopoly
What is the main economic problem faced by the society? * 1 point

Scarcity

Unemployment

Inequality

Poverty

A concept in marketing which helps the marketers to divide the market into 1 point
small units comprising of like minded people is called ? *

Target marketing

Specific marketing

Single focus marketing

Population marketing

Contribution per unit is equal to ----? * 1 point

Selling cost per unit + variable cost per unit

Selling cost per unit x variable cost per unit

Selling price per unit – variable cost per unit

Selling cost per unit / variable cost per unit

Which form of organization it is, where two or more persons are associated 1 point
to run a business? *

Sole ownership

Partnership

Franchisee

Proprietorship

Net Factor Income from abroad is the actual income country generates 1 point
from abroad by ------? *

Both population

Foreign population

Indian female population

Indian population

Marketing concept which divides the complete market set up into smaller 1 point
subsets comprising of consumers with a similar taste, demand and
preference is known as? *

Market segmentation

Preference segmentation

Consumer segmentation
 Business segmentation

The technological relation between quantities of physical inputs and 1 point

quantities of output of goods is called? *

Production function

Marketing function

Supply function

Sale function

The value of goods and services produced by a country during a financial 1 point
year is called? *

Gross income

National income

Net income

Defected income

Which of the following is the relation that the law of demand defines? * 1 point

Income and price of a commodity

Price and quantity of a commodity

Quantity demanded and quantity supplied

Income and quantity demanded

Allocation of work according to efficiency of employee which results into 1 point

more work with same staff is called? *

Division of work

Revision of work

Despair parity

Unity of demand

What do you mean by a formal organization? * 1 point

It is a structure where jobs are not well defined and bearing definite measure of
authority, responsibility and accountability

It is a structure where jobs are well defined and bearing definite measure of authority,
responsibility and accountability

It is a structure where jobs are well defined and having all measure of authority but no
responsibility and accountability

It is a structure where jobs are poorly defined and bearing indefinite measure of
authority, responsibility but not accountability

Which of the following are limitations of break-even analysis? * 1 point

Static concept

Capital employed is taken into account.

Limitation of non-linear behaviour of costs

 Limitation of presence of perfect competition

The type of organization in which functional department are created to 1 point

deal with the problems of business at various levels is called as? *

Productional organization

Supply organization

Functional organization

Demand organization

In economics, "gross" means --------? * 1 point

General

Before deductions

Overall

After deduction

At breakeven point which of the following situation occurs? * 1 point

Total expenses = Total revenue

Total expenses > Total revenue

Total expenses < Total revenue

Any of the above

The employee problem solving group to improve product quality is known 1 point
as? *

Quality group

Quantity circle

Quality circle

Group circle

The progress of a country can be determined by the --------? * 1 point

Growth of the national gross income of the country.

Growth of the net domestic income of the country.

Growth of the net national income of the country.

Growth of the national income of the country.

Which structure is a form of departmentalization, which combines both 1 point

functional and divisional structure? *

Inline organization

Decentralize organization

Hybrid organization

Line organization
Lower-level management is concerned with the tactical administrative 1 point
plans which are --------? *

Long range plans

Short range plans

Medium range plans

Very long range plans

One satisfied customer brings ten more customers along with him whereas 1 point
one dis-satisfied customer takes away ten more customers is an example
of ? *

Advertisement

Publicity

False advertisement

Word of mouth

What is Gross Domestic Product? * 1 point

The total value of goods and services manufactured in the country

The reduction in the total value of goods and services produced in the country

The monetary value of all finished goods and services made within a country during a
specific period.
 The total value of all the transactions in the country

The principle of management by exception is to relieve top level executive 1 point

from ------? *

Performance

Production

Routine matters

Meetings

What do you mean by the demand of a commodity? * 1 point

Desire for the commodity

Need for the commodity

Quantity demanded of that commodity

Quantity that consumers are able and willing to buy at various prices during any
particular period of time

With respect to the law of variable proportion when you increase the 1 point
variable factor, then the total product initially increases at -------? *

Constant rate

Increases rate

Diminishing rate

Hi hl i d t
 Highly increased rate

Which leadership theory suggests that leaders are born and not made? * 1 point

Trait theory

Situational theory

Behavioural theory

Great man theory

Angle of incidence is the angle at which ? * 1 point

Total cost line intersects the variable cost line

Total revenue line intersects the total cost line

Fixed cost line intersects total revenue line

Variable cost line intersects fixed cost line

Which of the following is an example of an agricultural price support 1 point

programme? *

A price floor

None of the above

A price ceiling

Equilibrium pricing
What do you mean by the supply of goods? * 1 point

Stock available for sale

Total stock in the warehouse

The actual production of the goods

Quantity of the goods offered for sale at a particular price per unit of time

Which law states the inverse relationship between quantity demanded and 1 point
price, with other conditions remaining the same? *

Law of supply

Law of needs

Law of demand

Law of marketing

What is mean by rethinking and redesigning of the core-business process? 1 point

*

Quality circle

Benchmarking

Business process reengineering

Empowerment
Which of the following is not the function of management? * 1 point

Planning

Directing

Controlling

Co-ordination

The phenomena where a manager can supervise and control effectively a 1 point
large group of persons at one time is known as? *

Narrow span of control

Total control

Wide span of control

Effective span of control

Maslow’s theory of hierarchy is based on - * 1 point

Demand model

Need model

Supply model

Inflation
Management is --------? * 1 point

Profession

Principle

Prediction

Performance

A mixture of several ideas and plans followed by a marketing 1 point

representative to promote a particular product or brand is called ? *

Marketing mix

Promotional mix

Product mix

Market planning

The group of people performing some aspects of managerial functions is 1 point

called as? *

Committee

Group

People

Mob
Which of the following is not an element of co-ordination? * 1 point

Integration

Balancing

Proper timing

Directing

The set up where exchange of good or service takes place for futureis ? * 1 point

Predictive market

Future market

Advanced market

Risk market

Market where the buyers and sellers do not meet or interact physically, 1 point

instead the transaction is done through internet is called? *

Virtual market

Black market

Physical market

Financial market
The market situation where the demand and supply conditions determine 1 point
the market price of a product under certain assumptions is called as *

Imperfect market

Supper market

Perfect market

Daily market

Income elasticity of demand can be given as? * 1 point

Product of change in quantity of demand and change in income

Product of percent change in quantity of demand and percent change in income

Product of change in quantity of Supply and change in income

Product of change in quantity of demand and change in sale

What does “Capitalism” refer to? * 1 point

The use of market

Private ownership of capital goods

Government ownership of capital

Private ownership of homes and& cars

What from the following is correct with respect to the theory of needs of 1 point
Maslow? *

Only when the higher order needs of physical and emotional well-being are satisfied
then we concern with the lower order needs

Only when the lower order needs of material well-being are satisfied then we concern
with the higher order needs

Only when the lower order needs of physical and emotional well-being are satisfied
then we concern with the other material lower order needs

Only when the lower order needs of physical and emotional well-being are satisfied
then we concern with the higher order needs

The relationship between one variable factor (keeping all other factors 1 point
fixed) and the output is called? *

Short run production

Long run production

Middle term production

Capacity building

The tool that measures the responsiveness of the quantity demanded of a 1 point
good of its price is known as? *

Market size
 Elasticity of supply

Elasticity of demand

Market supply

WPI captures goods and services sold by business to smaller business for 1 point

what? *

End use

Selling further

Personal use

Selling to retailers

The heart of management is -------? * 1 point

Planning

Organizing

Co-ordinating

Controlling

The scientific definition of economics was first attempted by whom? * 1 point

Adam smith

Bernaldbohr

Jacob viner
 Mark twin

The term micro and macro economics were coined by whom? * 1 point

Prof. Samual Kotch

Prof. J.M. Keynes

Prof. Ragnar Frisch

Prof. Barbara Wootten

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