Description : Maintenance of intended delegation requires that decisions lying within the individual managers' authority should be made by them and not referred upwards in the organizational hierarchy. This is ... scalar principle (C) authority level principle (D) principle of absoluteness of responsibility
Last Answer : Answer: authority level principle
Description : The principle of ‘Unity of Command’ was introduced by– (A) Elton Mayo (B) Henry Fayol (C) F. W. Taylor (D) Urwick
Last Answer : Answer: Henry Fayol
Description : The main principle of an organisation, is (A) Unity of command (B) Effective control at all levels (C) Delegation of authority (D) All the above
Last Answer : (D) All the above
Description : A purchase manager of a company has to purchase 500 tones of raw material. Apart from the other suppliers in the market, his son also supplies that raw material. The manager purchases the ... Unity of Command b. Unity of Directions c. Subordination personal interest to general interest d. Equity
Last Answer : c. Subordination personal interest to general interest
Description : Legitimate power is the right to manage derived from delegation based on ownership or property rights. Which of the statements given above is/are correct ? (A) 1 only (B) 2 only (C) Both 1 and 2 (D) Neither 1 nor 2
Last Answer : Answer: Both 1 and 2
Description : Decentralisation– (A) Increases the importance of supervisors (B) Decreases the importance of supervisors (C) Increases the importance of subordinates (D) Decreases the importance of subordinates
Last Answer : Answer: Increases the importance of subordinates
Description : Which of the following qualities did the University of Michigan Institute for Social Research find in effective supervisors? (a) Participative problem solving. (b) Delegation of authority. (c) An ... to display all of those qualities mentioned above, together with high standards of performance.]
Last Answer : a
Description : Wider span of control is effective in organization where– (A) authority delegation is inadequate (B) tasks are complex (C) thorough subordinate training scheme exists (D) the leadership style is authoritarian
Last Answer : Answer: thorough subordinate training scheme exists
Description : Delegation of authority signifies the delegation of– (A) Authority (B) Responsibility (C) Both of the above (D) None of the above
Last Answer : Answer: Both of the above
Description : Which one of the following is not included in the internal check as regards purchases ? (A) Assessment of requirements (B) Placing orders (C) Despatch of goods (D) Recording and making payments
Last Answer : Answer: Despatch of goods
Description : Due to coordination– (A) There is a unity of order (B) There is a unity of direction (C) There is a leadership (D) Employees are motivated
Last Answer : Answer: There is a unity of order
Description : Letter of Credit is presented by– (A) Exporter (B) Importer (C) Custom Officer (D) Shipping Company
Last Answer : Answer: Importer
Description : One of the major disadvantages of the Matrix form of organization structure is that– (A) it does not pinpoint product profit responsibility (B) it is not oriented towards results (C) there is possibility of disunity of command (D) it generates rivalry between line and staff members
Last Answer : Answer: there is possibility of disunity of command
Description : Mark the correct option relating to pension cases a) The continuity of an applicant's service cannot be established by the mere production of order of transfer issued at various time unless the receive the ... has to be issued by the competent authority in every case. d) All the above are correct
Last Answer : d) All the above are correct
Description : Which one of the following ratios is likely to be affected the most on account of price level changes ? (A) Current Ratio (B) Inventory Turnover Ratio (C) Debtors’ Turnover Ratio (D) Fixed Assets Turnover Ratio
Last Answer : Answer: Debtors’ Turnover Ratio
Description : The following data, relates to manufacturing company for the year 2006-07- Net Profit as per P & L A/c-Rs. 2,40,000; Depreciation-Rs. 80,000; Goodwill written-off- Rs. 40,000, Profit on Sale of Fixed Assets-Rs. 16,000, ... ) Rs. 4,40,000 (B) Rs. 4,00,000 (C) Rs. 6,40,000 (D) None of the above
Last Answer : Answer: None of the above
Description : Increase in fixed asset due to purchase is– (A) Source of fund (B) Fund from operation (C) Use of fund (D) None of the above
Last Answer : Answer: Use of fund
Description : According to Balance Sheet equation concept, the capital will be– (A) Capital = Liabilities – Assets (B) Capital = Fixed Assets – Current Assests (C) Capital = Assets – Liabilities (D) Capital = Assets + Liabilities
Last Answer : Answer: Capital = Assets – Liabilities
Description : From the information given below, calculate Debt service coverage Ratio- Net profit after interest and Tax Rs. 40,000, Depreciation Rs. 5,000, Rate of Income Tax 50%, 10% Mortgage Debentures Rs. 60,000. Fixed Interest Charges Rs. 6 ... . (A) 4 06 times (B) 5 06 times (C) 6 06 times (D) 7 06 times
Last Answer : Answer: 4•06 times
Description : The fixed cost of producing a quantity of a good divided by the quantity produced is :
Last Answer : Average fixed cost
Description : ‘Carrot and Stick’ principle is given in Theory– (A) McGregor Theory X (B) McGregor Theory Y (C) William Ouchi Theory Z (D) None of the above
Last Answer : Answer: William Ouchi Theory Z
Description : What is the theory of social responsibility that focuses on how companies respond to issues, rather than trying to determine their ultimate social responsibility, called ? (A) Corporate social performance (B) Corporate social responsiveness (C) Stewardship principle (D) Enlightened self-interest
Last Answer : Answer: Corporate social performance
Description : The ‘Principle of Exception’ states that management should– (A) Check everything without exception (B) Invariably take corrective action without exception (C) Accept exceptions in emergencies (D) Concentrate their attention on exceptions
Last Answer : Answer: Concentrate their attention on exceptions
Description : Fire Insurance is based on the principle of– (A) Utmost Good faith (B) Insurable Interest (C) Indemnity (D) Cooperation
Last Answer : Answer: Indemnity
Description : Which of the following errors are not disclosed by Trial Balance ? (A) Compensatory Errors (B) Errors of Principle (C) Errors of Omission (D) All the three
Last Answer : Answer: All the three
Description : Recording of capital contributed by the owner as liability ensures the adherence of principle of– (A) Consistency (B) Going concern (C) Separate entity (D) Materiality
Last Answer : Answer: Separate entity
Description : Instruction slip means a) Letter of instruction received for public b) Instruction given by the postmaster to his subordinates c) A document in which gist of instruction in connection with delivery / redirection of postal article from public are communicated to departments d) None of these
Last Answer : c) A document in which gist of instruction in connection with delivery / redirection of postal article from public are communicated to departments
Description : Disinvestment of shares means– (A) To sale the shares of private company to public (B) To sale the shares of public company to the public (C) To sale the shares of Government company to the public (D) To sale of shares by holding company to its subsidiary company
Last Answer : Answer: To sale the shares of public company to the public
Description : Market segmentation means– (A) Grouping of buyers (B) Grouping of sellers (C) Grouping of middle men (D) Grouping of producers
Last Answer : Answer: Grouping of buyers
Description : For the purpose of preparation of fund flow statement, fund means– (A) Total resources (B) Cash/bank balances (C) Current Assets (D) Working capital
Last Answer : Answer: Working capital
Description : Ploughing-back of profits means– (A) Dividend declared but not claimed by shareholders (B) Non-declaration of dividend in any year (C) Profits earned from illegal sources and employed in business (D) Retaining the earnings of business for future expansion programme
Last Answer : Answer: Retaining the earnings of business for future expansion programme
Description : What is the term Ad referendum means?
Last Answer : This term means that although the contract has been signed, certain matters have been left over for consideration when they actually arise
Description : According to force-field theory, every behaviour is the result of equilibrium between which of the following ? (A) Push and pull effect (B) Strong and weak forces (C) Positive and negative forces (D) Driving and restraining forces
Last Answer : Answer: Driving and restraining forces
Description : Which statement is not true in respect of a Balance Sheet ? (A) It is an account (B) It is prepared every month (C) It is prepared to check the mathematical accuracy (D) All the above
Last Answer : Answer: All the above
Description : The Doing Business Report" is prepared by which of the following organizations every year? (A) World Bank (B) Asian Development Bank (ADB) (C) International Monetary Fund (IMF) (D) World Trade Organization (WTO)
Last Answer : Answer: World Bank
Description : Which department is maintained in every modern business house to obtain the good will of the people?
Last Answer : Public relations departments
Description : In which organization, every subordinate must obey his superior, whether be likes it or not?
Last Answer : Formal organization
Description : An officer transferred may not, without urgent necessity or special orders of the Head of the circle, leave the station a) Before the arrival of the permanent successor b) After the arrival of the permanent successor c) After completed his tenure d) None of these
Last Answer : a) Before the arrival of the permanent successor
Description : Dissolution of Partnership takes place when– (A) A partner misbehaves (B) A partner becomes of unsound mind (C) Business is running at a loss (D) A partner dies
Last Answer : Answer: A partner dies
Description : Any person aggrieved by any decision or order of the National Company Law Appellate Tribunal can appeal to which one of the following and within how much period ? (A) High Court, within 30 days (B) ... Court within 60 days (C) SEBI within 90 days (D) Department of Companies Affairs within 60 days
Last Answer : Answer: Supreme Court within 60 days
Description : Under Section 275 of the Companies’ Act, 1956 a person can become director in public company of not more than– (A) 5 companies (B) 10 companies (C) 15 companies (D) 20 companies
Last Answer : Answer: 15 companies
Description : Appointment of a person who is a Director, as a Secretary in the Company would require approval of the company by– (A) Special Resolution (B) Ordinary Resolution (C) Resolution by circulation (D) None of the above
Last Answer : Answer: Special Resolution
Description : Which one of the following statements is correct ? (A) Audit of an educational institution is compulsory if it is run by a charitable trust (B) A club is treated as a commercial establishment ( ... who belongs to accountancy profession (D) Audit of a charitable trust is not compulsory under law
Last Answer : Answer: Audit of an educational institution is compulsory if it is run by a charitable trust Free
Description : What is a person or party to whom an assignment is made called?
Last Answer : Assigne
Description : What is Unity of Command?
Last Answer : Unity of command tells the reporting relationship between a superior and a subordinate. A subordinate is always having a only one superior.
Description : Pick out the wrong statement. (A) Complete unity of command exists in a line organisation (B) Line organisation is net suitable for expansion and growth of an industry (C) In line and staff organisation, "line" executes and "staff directs (D) None of these
Last Answer : C) In line and staff organisation, "line" executes and "staff directs
Description : "Focus on social environment" is related to ? A. Unity of command B. Human Relations C. Unity of Direction D. All of the above
Last Answer : B. Human Relations
Description : The unbroken line of authority that extends from the top of the organization to the lowest echelon and clarifies who reports to whom is termed……… (a) Unity of command ; (b) Authority ; (c) Power and authority structure (d) Chain of command
Last Answer : (d) Chain of command
Description : Authority, discipline, unity of command, and unity of direction are: (a) Taylor's four principles of management. ; (b) Principles of the human relations movement. (c) Elements of Weber's ideal bureaucratic structure. (d) Four of Fayol's fourteen principles of management.
Last Answer : A
Description : The matrix management model is based on a matrix of values between 0 and 9 for two primary variables. Which of the statements given above is/are correct ? (A) 1 only (B) 2 only (C) Both 1 and 2 (D) Neither 1 nor 2