Wheniver a country devalues its currency, it generally stands to gain as a result of
A.increased imports at lower prices
B.increased exports
C.fall in domestic prices
D.increased domestic production
Category: Business Management Mcqs
Demand for a commodity is elastic when
A.Change in price causes greater change in its demand
B.Change in price does not change its demand
C.Change in National income causes change in demand
D.Any of the above
E.None of the above
Systematic evaluation of workers job performance and potential for cevelopment is called
A.Production
B.Human resource auditing
C.Appraisal
D.Training and development
E.None of the above
Micro-hydel systems meet the power requirements of
A.industries only
B.urban residential areas
C.rural areas
D.All of the above
The elasticity of demand explains the relationship between
A.Income and demand
B.Price and demand
C.Price of substitutes and demand
D.Utility and demand
E.Price of substitutes and utility
Which of the following were not management thinkers:
A.Taylor
B.Drucker
C.McGregor
D.Galileo
E.Parkinson
Wage and salary criteria are primarily used to determine
A.Pay structures
B.Incentives
C.Cost of living raises
D.Productivity
E.None of the above
Standard time is defined as
A.Normal time
B.Normal time + allowances
C.Normal time + avoidable delays + allowances
D.Normal time + unavoidable delays + allowances
E.Normal time + idle time + allowances
For efficient organisation the principle by which management should abide by
A.There should be a clear distribution between line and staff operation and control
B.A clear understanding of authority under each position
C.A well established and known system of communication
D.All of the above
E.None of the above
Estimates or predictions are probably most indispensable in:
A.Planning
B.Organizing
C.Directing
D.Control
E.All of the above
