Commerce Questions Answers

Q16. The concept of management by objectives was introduced by
(a) Peter F. Drucker
(b) F.W. Taylor
(c) Elton Mayo
(d) Rensis Linkert

Q17. A contract may be discharged by
(a) Performance of contract
(b) Operation of the law
(c) Mutual agreement
(d) All of the above

Q18. The maximum number of Directors in a Public company are
(a) 5
(b) 12
(c) 15
(d) 18

Q19. "Benevolent autocrat" is a/an
(a) leadership style
(b) auditor
(c) communication channel
(d) organization structure

Q20. In a partnership firm every partner is the principal as well as the ______
(a) Agent
(b) Karta
(c) Partner
(d) Owner

Q21. A financial asset that represents a claim to another financial asset is called
(a) Hedged asset
(b) Sub-ordinated asset
(c) Dual security
(d) Derivative asset

Q22. Which of the following is a result of separate entity concept
(a) Research and development
(b) Buying and selling
(c) Owners capital and drawings
(d) Sale of scrap

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