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Business Studies
Business Studies MCQs
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As a result of major government initiatives, more and more people are going 'green'. In order to keep in line with the trend, 'Clapaway...
It helps in assisting in planning and policy formulation.
It helps in coping with rapid changes.
It helps in improving performance.
It enables the firm to identify opportunities and getting the first mover advantage.
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Any kind of external devices, like compact discs (CD's) for computer, have become obsolete. Google, with its Google Drive service, Apple with its...
Relativity
Dynamic nature
Uncertainty
Interrelatedness
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Growing awareness about X creates increase in demand for Y, H and V. Identify the feature of business environment being described in the above case.
Dynamic nature
Uncertainty
Relativity
Interrelatedness
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'Twinkle Stars' is a well-known resort for organising parties, especially for children. However, in past 6 months its popularity has reduced...
Totality of external forces
Dynamic nature
Interrelatedness
Uncertainty
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According to the United Nations Environmental Agency, the world produces around 300 million tons of plastic each year, half of which constitutes singl...
Economic dimension
Social dimension
Technological dimension
Political dimension
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The Economic Survey, 2019 suggests that the psychological biases can be used in the realm of tax compliance. It is in favour of using religious norms ...
Legal dimension and Social dimension
Social dimension and Economic dimension
Technological dimension and Political dimension
Political dimension and Economic dimension
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'Yo Tummy' began its business by offering the classic combo of hamburgers and fries. But over time, their customers wanted healthier foods, ...
It helps in coping with rapid changes.
It helps in improving performance.
It helps the firm to identify threats and early warning signals.
It enables the firm to identify opportunities and getting the first mover advantage.
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According to a report by the India Staffing Federation (ISF), India has emerged as thefifth largest market worldwide in flexi-staffing in 2018 and the...
Relativity
Dynamic nature
Uncertainty
Interrelatedness
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Which one of the following is a step of planning?
Analysis of organisation structure
Analysis of environment
Analysis of employee behaviour
Analysis of employee morale
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Which one of the following is a single-use plan?
Strategy
Rule
Budget
Method
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__ is a statement of expected results in numerical terms.
Forecast
Budget
Plan
Estimate
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__ is a comprehensive plan for achieving its objectives.
Strategy
Method
Rule
Policy
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___ are relevant to recurring activities.
Single-use plans
Standing plans
Objectives
Programs
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Ketan Enterprises adopts different ways to provide training to employees, like Job . Rotation, Coaching, Vestibule Training, Conference, Lecture Metho...
Method
Strategy
Programme
Procedure
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The government has been doubling down on its efforts to switch to 100% electric vehicles by 2030. Many companies such as Tata Motors, Kinetic Motors, ...
Method
Strategy
Programme
Objective
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Based on National Common Mobility Card standards, India's first indigenously developed inter-operable transport card was launched in March 2019 t...
Strategy
Programme
Method
Rule
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Planning cannot foresee everything, and thus, there may be obstacles to effective planning. Identify the related limitation of planning.
Planning leads to rigidity.
Planning may not work in a dynamic environment.
Planning does not guarantee success.
Planning reduces creativity.
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A strategy is derived from
Policy
Objective
Method
Rule
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In which category does management fall?
Well-established profession
Semi-profession
Emerging profession
Marginal profession
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The element that aims at integrating group efforts to achieve group objectives is called ___
Cooperation
Coordination
Management
Directing
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Managing Director is the position of ___ level of management in a large company.
Top
Middle
Lower
Middle and Lower
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Efficiency is concerned with
Doing the right thing
Doing things right
Achieving end results
None of the above
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Keeping in view the changes in the consumer demands and preferences 'Tasitemaker Bakery' has reduced the sugar and fat content in its produc...
An intangible force
A group activity
A dynamic function
A multidimensional activity
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Which of the following statements is not relevant to the concept of "Management as an inexact science"?
The principles of management lack universal validity
The principles of management lack universal applicability
The principles of management have to be modified according to the given situation
Management involves dealing with human behaviour and outcomes cannot be predicted with utmost accuracy
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Identify the process that provides the requisite amount, quality, timing and sequence of efforts, which ensures that planned objectives are achieved w...
Management
Planning
Co-ordination
Controlling
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Which one of the following is not a principle of scientific management?
Functional foremanship
Development of personnel
Harmony, not discord
Maximum, not restricted output
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According to Henri Fayol, if this principle of general management is violated, "authority is undermined, discipline is in jeopardy, order disturbed an...
Authority and responsibility
Discipline
Unity of command
Equity
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Which of the following statements best defines the techniques of management?
It is a set of guidelines to take decisions and actions.
It is a procedure which involves a series of steps to be taken.
They are general rules for behaviour of individuals.
None of the above.
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The application of the principles of management has to be changed as per the requirements of the prevailing situation at a particular point of time. W...
Contingent
Mainly behavioural
Cause and effect relationship
General guidelines
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Principles of management emphasize on logical and rational decision making rather than on the basis of bias and prejudice. The given statement highlig...
Providing managers with useful insight into reality
Scientific decisions
Meeting changing environmental requirements
All of the above
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According to this principle of scientific management, "Scientific management has for its foundation the firm conviction that true interest of the mana...
Science, not rule of thumb
Co-operation, not individualism
Harmony, not discord
All of the above
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According to this principle of scientific management, the employees should be rewarded for their suggestions which results in substantial reduction in...
Science, not rule of thumb
Co-operation, not individualism
Harmony, not discord
All of the above
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The principle of management given by Fayol which aims at preventing overlapping of activities is:
Division of work
Unity of Command
Unity of Direction
Order
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Product cost sets the lower limits of the price, the utility provided by the product and the intensity of demand of the buyers sets the upper limit. S...
Rises
Falls
Constant
Both (a) and (b)
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One of the following is an advantage of functional structure:
Responsibility for end results
Flexibility
Personalised attention
Easier employee learning
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___ involves giving authority and responsibility to subordinates.
Division of work
Decentralisation
Delegation
Centralisation
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__ is the organisational structure in which no department is responsible for end results.
Divisional structure
Functional structure
Formal
Informal
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___ is the duty for job performance.
Authority
Responsibility
Accountability
Both(a) and(c)
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As the span of management increases in an organisation, the number of levels of management in the organisation
Increases
Decreases
Remains unaffected
None of the above
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Identify the type of organisational structure which facilitates occupational specialisation,
Functional structure
Horizontal structure
Network structure
Divisional structure
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Rishabh has joined as a Creative Head in an entertainment company. He always ensures that the work has been divided into small and manageable activiti...
Identification and division of work
Departmentalisation
Assignment of duties
Establishing reporting relationships
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Lakshay has been given the task of arranging for five-day conference for foreign delegates. In order to ensure smooth functioning of the event, he has...
Planning
Staffing
Organising
Directing
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___ is the deliberate action of an organisation for promoting goodwill between itself and the society.
Marketing mix
Advertising
Public relations
Selling
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Marketing is called a ___ process because it involves interaction of buyers and sellers.
Economic
Social
Legal
Political
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Registering a trademark gives to the users.
Finance
Fame
Protection
Information
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The main focus of selling concept is production volume. (T or F)
True
False
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According to Philip Kotler, marketing management is an art & science of which of the following:
choosing target markets
getting, keeping and growing customers
both a and b
none of the above
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Which of the following are strategies involved in selling:
advertising
sales promotion
personal selling
all of the above
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Harshit is planning a start up a venture for offering mobile pet care services at door step. He has decided to charge ?1000 for heated hydrobath & blo...
Product
Place
Price
None of the above
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The term 'market' may be understood in which of the following contexts?
Geographical area covered
Type of buyers
Quantity of goods transacted
All of the above
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Karam Limited is offering a travel package for 15 destinations worldwide with a free insurance on the bookings for the month of December, 2019. Identi...
Needs and wants
Creating a market offering
Customer value
Exchange mechanism
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Madhubala is planning to launch an online education portal. In order to understand the varied needs of the students, she conducted an online survey. B...
Product concept
Production concept
Marketing concept
Societal marketing concept
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Pragati Limited has chalked out an action plan in order to increase its market share in the international market by 20% in the next one year. The acti...
Gathering and analyzing market information
Marketing planning
Product designing and development
Packaging and labelling
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Keeping in view the recent trends of sales regression, Sona Limited has decided to offer a flat 15% discount on all its products. Identify the related...
Packaging and labelling
Branding
Pricing
Promotion
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While reading the label of a pack of aluminium foil, Reshma discovered that the product was manufactured at Hyderabad but was available for sale in ma...
Physical distribution
Standardization and grading
Transportation
Warehousing
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Ranjan's business is being adversely affected due to the delay in delivery on account of poor weather conditions. Identify the marketing function...
Physical distribution
Standardization and grading
Transportation
Warehousing
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Champ Limited is a company providing online education to school children of all the classes. Over the years, it has established a good reputation and ...
Controllable factors
Environmental factors
Marketing mix
None of the above
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Srijan is fond of a particular brand of stationery. Every time he buys his favourite brand stationery products, he does not need make a close inspecti...
Supports in product identification
Certifies quality
Considered to be a status symbol
None of the above
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Sugandha purchased a pack of crayons for her daughter from a nearby stationery shop. She noticed that the crayons were packed in a portable transparen...
Primary package
Secondary packaging
Transportation packaging
None of the above
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Lavanya runs a Play School from her residence. Recently, she placed an order online for 200 chalk boxes. The boxes were delivered to her in a corrugat...
Primary package
Secondary packaging
Transportation packaging
None of the above
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In an inter school quiz competition, the participants were shown empty bottles of soft drinks and were asked to identify the brands. All the participa...
Rising standards of health and sanitation
Facilitates product differentiation
Innovative packaging adds value to a product.
Useful in self service outlets
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Ria refused to buy an insulated lunch box for ?1200 as she felt that the real worth of the product was much less than its monetary value. Identify the...
Cost of the product
The utility and demand
Government and legal regulations
Pricing objectives
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Mehak Limited has hired 300 salesmen who will be assigned the task of contacting prospective buyers and creating awareness about the new range of orga...
Advertising
Sales promotion
Personal selling
Public relation
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Samay wanted to purchase a car with the latest standards and possessing features to minimize pollution. He saw an advertisement and subsequently visit...
Branding
Customer support service
Promotion
Physical Distribution
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Suganya decided to start the business of selline dress materials. She did some research to find out about the preferences of prospective customers. Ba...
Promotion
Market
Product
Place
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Yamuna Ki Bhujia' has developed a strong distribution network in India and abroad by setting up retail outlets and reaching out to the customer t...
Storing and assorting products in order to Create time utility.
Regarding the channels or using intermediaries.
Both (A) and (B)
Regarding branding, packaging and labelling
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On the advice of VIGYAPAN PVT. LTD., "Yamuna Ki Bhujia' has also worked upon managing pubic opinion by developing better relations with the ...
Marketing department
A separate department created in the firm for the purpose
An outside agency
Any of the above
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Which of the following does not apply to Principles of Management?
Applicable in large firms
Formed by practice and experience of managers
Flexible
Contingent
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Which of the following statements is false with respect to principles of management?
The principles of management are formed by experience and collective wisdom of managers as well as experimentation.
The principles of management are not rigid prescriptions, which have to be followed absolutely.
Management principles aim at influencing behaviour of human beings.
The application of principles of management is not possible in contingent situations.
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Which of the following statements is true?
Authority is only formal.
Authority is only informal.
Authority is both formal and informal.
Authority is neither formal nor informal.
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_________ principle of management is being violatad if management does not fulfill its promise to inrease wages of the workers after the mission is ac...
Order
Equity
Discipline
Initiative
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Aditi tends to be more biased towards her female employees, when it comes to solve the conflicts among employees. Which principle is being violated he...
Discipline
Order
Equity
None of these
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"...there will be separate departments for finance, marketing, production and sales..."
Division of Work
Discipline
Scalar Chain
Unity of Direction
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"Planning involves foresightedness and imagination". Which feature of planning is described here
Mental Exercise
Forward-looking
Decision making
efficient use of resources
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"He always makes alternative plans and selects best out of them" Which feature of planning is highlighted here?
Forward Looking
Decision making
Mental Exercise
Both (a) and (b)
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Departments are established on the basis of ________ in functional organisation
Activities
Products
Demand
Market
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In which situation the divisional structure happens to be appropriate?
Where the number of major products is more than one
Where the size of the organization is quite large
Both (a) and (b)
Where primarily only one product is sold
?
Which of the following increases the importance of the subordinates?
Centralisation
Decentralisation
Delegation
Specialisation
?
According to the traditional point of view ________ is called market
Actual Buyer
Possible Buyer
The group of actual and possible buyers
Special Place
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________ point of view lays stress upon customer's welfare
Production
Product
Marketing
Social Marketing
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_______ is the central point in the marketing point of view.
Customer’s satisfaction
Customer's welfare
Quality of the Product
Quantity of Product
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Under which philosophy of marketing, efforts are made to bring down the costof production to the minimum?
Production concept
Product concept
Marketing concept
Selling concept
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Develop relationship.
Publicity
Advertisement
Sales Promotion
Public relation
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Which of the following is not a part of 'Place and Promotion'?
Warranties
Advertising
Personal selling
Sales Promotion
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Which one of the following is an importance of planning?
Reducing uncertainty
Identifying alternatives critically
Developing leadership
Selecting the most appropriate plan
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Out of the following which one gives more strength to research work.
Principles of management
Functions of management
Levels of management
Elements of Management
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Who is the Father of Administrative Management?
Taylor
Fayol
Peter Drucker
None of these
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Which of the following statements best describes 'Mental Revolution'?
It implies change of attitude.
The management and workers should not play the game of one upmanship.
Both management and workers require each other.
Workers should be paid more wages.
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Which of the following statements is FALSE about Taylor and Fayol?
Fayol was a mining engineer whereas Taylor was a mechanical engineer
Fayol’s principles are applicable in specialised situations whereas Taylor’s principles have universal application
Fayol's principles were formed through personal experience whereas Taylor's principles were formed through experimentation
Fayol's principles are applicable at the top level of management whereas Taylor's principles are applicable at the shop floor
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Which of the following statements best describes the principle of 'Division of Work'?
Work should be divided into small task
Labour should be divided
Resources should be divided among jobs
It leads to specialisation
?
A purchase manager of a company has to purchase 500 tons of raw material. Apart from the other suppliers in the market, his son also supplies that raw...
Unity of command
Unity of direction
Subordinating personal interest to general interest
Equity
?
Which of the following elements should be kept in mind while determining fair remuneration?
Cost of living
Demand of labourers
Qualification
All of these
?
The violation of which principle of management results in 'disorderly flow of information'?
Scalar Chain
Unity of Command
Authority and Responsibility
Stability of employees
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According to which principle of management, all similar activities for the fulfilment of one object must be kept under one authority.
Equity
Centralization
Unity of command
Unity of direction