Economics Business and Finance MCQs Test 02 Preparation Online Business and Finance MCQs Test 02 Preparation Online 1. 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... 2. 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... 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.TaylorB. J.K.GalbraithC. J.Burnham D. Alfred Marshall Loading... 4. The first level of needs in Maslow's 'need hierarchy is ?A. Physiological needsB. Security needsC. Esteem needsD. Social needs Loading... 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 planningD. The end result, which an organisation tries to attain Loading... 6. An informal organisation is one where ?A. The structure is not prescribed by formal authority B. Jobs of individuals are not precisely definedC. There is no division of work D. There are no fixed hours of work Loading... 7. Who is generally regarded as the father of modern management ?A. James D.Mooney B. F.W.Taylor C. Alan C. ReileyD. Henry Fayol Loading... 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 mannerC. Control precedes planningD. Both are concurrent Loading... 9. Which one of the following is an example of indirect tax ?A. Income taxB. Wealth taxC. Sales taxD. Corporation tax Loading... 10. The two key factors in 'management by objectives' are ?A. Performance evaluation and objectives B. Democratic goal-setting and verifiable objectivesC. Systems approach and long-range planning D. Short-run goods and flexibility Loading... Loading... Related PostsBusiness and Finance MCQs Test 07 Preparation OnlineBusiness and Finance MCQs Test 05 Preparation OnlineBusiness and Finance MCQs Test 04 Preparation OnlineBusiness and Finance MCQs Test 03 Preparation OnlineBusiness and Finance MCQs Test 01 Preparation OnlineBusiness and Finance MCQs Test 08 Preparation Online Continue Reading Previous Business and Finance MCQs Test 01 Preparation OnlineNext Business and Finance MCQs Test 03 Preparation Online Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Δ