If two commodities are jointly demanded they are
A.Inferior goods
B.Compliments
C.Necessities
D.Substitutes
E.Multiple goods
Category: Business Management Mcqs
In time study sone variations almost always occur from reading to reading for any element, even if the worker is not attempting to vary his pace. This variation is not caused by the following factors, among others
A.Random variations in operator movements and pace
B.Random variations in the positions of parts worked with
C.Random variations in the position of the tools used
D.Random variations caused by slight errors in watch reading
E.Random variations caused by electricity failures
Which of the following is a free port?
A.Kandla
B.Cochin
C.Calcutta
D.Goa
Which of the following is not ensured in a socialistic system of economy?
A.Economic equality
B.Economic stability
C.Private initiative
D.Best optimum use of available resources
Which does not apply to the point system?
A.Stability of rating scale
B.Worker acceptance
C.Valid
D.Quickly constructed
E.Reliable
The benefit of good communication in a factory is
A.Reduced frustration
B.Improvement in work performance
C.Development of good human relations
D.Creation of interests and attention
E.Better profits
The objective of time study is to determine the time required to complete a job by
A.Fastest worker
B.Average worker
C.Slow worker
D.Apprentice
E.Any of the above
According to Mc Gregor’s theory of management
A.All managers are complex in behaviour and it is difficult to get work done
B.X managers in organisation will not work and Y managers will work. The ratio X/Y depends on the organisational set up
C.The ratio X/Y is always on 0.5 for any organisation
D.X theory managers pressume that the average human being has an inherent dislike of work and will avoid it if he can
E.None of the above
A rupee received in one year is not equivalent to a rupee received today, because the use of money has a value. This is the principal under
A.Pay back method
B.Average return on investment method
C.Present value method
D.Discounted cash flow method
E.Cost accounting method
The retirement benefits for workmen are covered under
A.Payment of Wages Act
B.Payment of Bonus Act
C.Employees Provident Fund Act
D.Workmen’s Compensation Act
E.All of the above
