Business and Finance MCQs Test 02 Preparation Online

1. The incidence of tax refers to ?

A. One who is immediately responsible to pay the tax

B. One who bears the ultimate money burden of the tax

C. The effect produced by the tax

D. The rate of taxation

2. The principle of scientific management implies ?

A. Managing business in a scientific way

B. Human approach to management

C. Use of science in business

D. Replacement of rules of thumb by scientific principles of management

3. The term Managerial Revolution refers to the prediction that with the expansion in size of business units, world affairs will eventually be in the hands of a few powerful managers. Who made use of this term ?

A. F.W.Taylor

B. J.K.Galbraith

C. J.Burnham

D. Alfred Marshall

4. The first level of needs in Maslow's 'need hierarchy is ?

A. Physiological needs

B. Security needs

C. Esteem needs

D. Social needs

5. Objectives in the context of management may be defined as ?

A. Laying down targets to be achieved over a period of time

B. The purpose for the organization's survival

C. Parameters for unified planning

D. The end result, which an organisation tries to attain

6. An informal organisation is one where ?

A. The structure is not prescribed by formal authority

B. Jobs of individuals are not precisely defined

C. There is no division of work

D. There are no fixed hours of work

7. Who is generally regarded as the father of modern management ?

A. James D.Mooney

B. F.W.Taylor

C. Alan C. Reiley

D. Henry Fayol

8. Planning and control are related in such a way that ?

A. Planning precedes control

B. Both go hand-in-hand with each other in a cyclical manner

C. Control precedes planning

D. Both are concurrent

9. Which one of the following is an example of indirect tax ?

A. Income tax

B. Wealth tax

C. Sales tax

D. Corporation tax

10. The two key factors in 'management by objectives' are ?

A. Performance evaluation and objectives

B. Democratic goal-setting and verifiable objectives

C. Systems approach and long-range planning

D. Short-run goods and flexibility

Business and Finance MCQs Test 02 Preparation Online

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