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
Category: Business Management Mcqs
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
Which of the following cheque is encashable at any branch of the issuing bank?
A.Bearer cheque
B.Crossed cheque
C.Traveller’s cheque
D.Order cheque
Finance for small scale industries is not provided by
A.State financial corporations
B.State Bank of India
C.Traveller’s cheque
D.Punjab National Bank
F.W. Taylor introduced a system of working known as
A.Line organisation
B.Line and staff organisation
C.Functional organisation
D.Effective organisation
E.None of the above
Consumer goods’ means
A.All commodities for which there is a high demand by all types of consumers
B.All goods other than free goods whose uses directly satisfies consumer wants
C.All goods other than free goods used by consumers in order to earn their living
D.All the factories and mines used by the community to satisfy their wants
E.All tangible goods produced for consumption in a free economic system
