Commerce Questions Answers

Q1. “Knowing exactly what you want men to do and then see in that they do it in the best and cheapest way” is the statement by
(a) F.W. Taylor
(b) Harold Koontz
(c) E.F.L. Brech
(d) Henry Fayol

Q2. A tender is an estimation of
(a) Cost
(b) Production
(c) Profit
(d) Selling price

Q3. Which of the following is not element of marketing mix
(a) Product
(b) Price
(c) Place
(d) Packaging

Q4. “Managing by Results” was written by
(a) Henry Fayol
(b) Peter F. Drucker
(c) Harold Koontz
(d) E.F.L. Brech

Q5. The concept of "learning organization" is introduced by
(a) Tom Peters
(b) Michael Porter
(c) Peter Senge
(d) C.K. Prahlad

Q6. The penta forces model of competition within industry environment was developed by
(a) Miachel E. Porter
(b) C. K. Prahlad
(c) Peter F. Drucker
(d) Henry Fayol

Q7. The ideal method of Index Number is _____
(a) Laspeyre's Method
(b) Pasche's Method
(c) Fisher's Method
(d) Kelly's Method

Q8. The type of market where single seller dominates the entire market is referred to as
(a) perfect
(b) imperfect
(c) local
(d) global

Q9. Which method of capital budgeting is called cash benefit ratio
(a) Payback period
(b) Net present value
(c) Pay out period
(d) Profitability index number

Q10. Congnitive theory of motivation is based on
(a) need
(b) perception
(c) behaviour
(d) reinforcement

Q11. The expression “Marketing Mix” was coined by
(a) Henry Fayol
(b) James Culliton
(c) Peter Drucker
(d) Abraham Maslow

Q12. The cost which is influenced by a decision is generally termed as
(a) cash cost
(b) implied cost
(c) opportunity cost
(d) relevant cost

Q13. Subscription received in advance is
(a) an income
(b) as asset
(c) a liability
(d) an equity

Q14. Fiscal policy is called as------policy
(a) Monetary
(b) Budgetary
(c) Industrial
(d) Economic

Q15. Who is known as the Father of modern management
(a) Henri Fayol
(b) Koontz and O’Donnell
(c) F W Taylor
(d) Stainley Vense

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