Business and Finance MCQs Test 02 Preparation Online Shani Malik — May 21, 2018 in Economics • add comment Business and Finance MCQs Test 02 Preparation Online 1. The first level of needs in Maslow's 'need hierarchy is ?A. Physiological needsB. Social needs C. Security needsD. Esteem needs Loading... 2. An informal organisation is one where ?A. There are no fixed hours of workB. Jobs of individuals are not precisely definedC. There is no division of work D. The structure is not prescribed by formal authority Loading... 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. J.K.GalbraithB. F.W.TaylorC. Alfred MarshallD. J.Burnham Loading... 4. Who is generally regarded as the father of modern management ?A. F.W.Taylor B. James D.Mooney C. Alan C. ReileyD. Henry Fayol Loading... 5. Which one of the following is an example of indirect tax ?A. Sales taxB. Wealth taxC. Income taxD. Corporation tax Loading... 6. The principle of scientific management implies ?A. Managing business in a scientific way B. Human approach to managementC. Use of science in business D. Replacement of rules of thumb by scientific principles of management Loading... 7. The two key factors in 'management by objectives' are ?A. Democratic goal-setting and verifiable objectivesB. Short-run goods and flexibilityC. Systems approach and long-range planning D. Performance evaluation and objectives Loading... 8. The incidence of tax refers to ?A. One who is immediately responsible to pay the taxB. One who bears the ultimate money burden of the tax C. The effect produced by the tax D. The rate of taxation Loading... 9. Planning and control are related in such a way that ?A. Both are concurrent B. Planning precedes control C. Both go hand-in-hand with each other in a cyclical mannerD. Control precedes planning Loading... 10. Objectives in the context of management may be defined as ?A. The end result, which an organisation tries to attainB. The purpose for the organization's survival C. Laying down targets to be achieved over a period of time D. Parameters for unified planning Loading... Loading...
