(a) Motion study(b) Fatigue study(c) Time study(d) Method study Answer (d) Method study Explanation: Method study is the most common... View Article
(a) Division of work(b) Harmony, not discord(c) Discipline(d) Unity of command Answer (b) Harmony, not discord Explanation: Fayol’s book –... View Article
(a) Accountant(b) Scientist(c) Mining Engineer(d) Farmer Answer (c) Mining Engineer Explanation: He is viewed as the ‘Father of Modern Management... View Article
(a) Initiative(b) Increase in efficiency(c) Optimum utilisation of resources(d) Adaptation to changing technology Answer (b) Increase in efficiency Explanation: Principles... View Article
(a) Sales budget(b) Sales accounts(c) Sales cost(d) None of the above Answer (a) Sales budget Explanation: A sales budget or... View Article
(a) Policies(b) Programmes(c) Single-use plans(d) Budgets Answer (b) Programmes Explanation: A programme is a unique and transient key undertaking, attempting... View Article
(a) Strategy(b) Rule(c) Policy(d) Procedure Answer (c) Policy Explanation: Business Policy characterises the spheres or scope inside which choices can... View Article
(a) Strategy(b) Budget(c) Method(d) Rule Answer (a) Strategy Explanation: Strategy is a cycle that can permit an organisation to focus... View Article
(a) Standing plan(b) Programme(c) Single-use plan(d) Method Answer (d) Method Explanation: A method characterises the manner or way where a... View Article
(a) Procedure(b) Policy(c) Rule(d) Method Answer (b) Policy Explanation: Business Policy characterises the spheres or scope inside which choices can... View Article
(a) Importance of planning(b) Limitation of planning(c) Characteristics of planning(d) Method Answer (a) Importance of planning Explanation: Planning is important... View Article
(a) Ideas(b) Risks(c) Actual performance(d) Costs Answer (c) Actual performance Explanation: Actual performance is a crucial piece of checking an... View Article
(a) Focuses on achieving goals(b) Pervasive(c) Mental exercise(d) All of the above Answer (d) All of the above Explanation: Planning... View Article
(a) Profession(b) Work(c) Occupation(d) Vocation Answer (a) Profession Explanation: A profession is an occupation established upon particular instructive preparation and... View Article
(a) Four(b) Two(c) One(d) Three Answer (b) Two Explanation: Human activities are of two sorts, non-economic and economic. Economic activities... View Article
(a) None of these(b) False(c) True Answer (b) False Explanation: Earning a profit is essential to a business since productivity... View Article
(a) Systematised body of knowledge(b) Universal validity(c) Ethical code of conduct(d) Principles based on experimentation Answer (c) Ethical code of... View Article
(a) Social environment(b) Profit(c) Growth(d) Survival Answer (a) Social environment Explanation: The social environment of business incorporates the qualities, mentalities,... View Article
(a) None of these(b) Trade and Industry(c) Industry and Commerce(d) Trade and Commerce Answer (c) Industry and Commerce Explanation: Business... View Article
(a) Size of the firm(b) Routine workload(c) Finance(d) Location of business Answer (b) Routine workload Explanation: Beginning a business includes... View Article
