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Business GK

Description: Useful for commerce students, SET, UGC and other exams.
Number of Questions: 29
Created by:
Tags: Business Management General Awareness
Attempted 0/29 Correct 0 Score 0

The mathematical study of queues is called

  1. waiting line theory

  2. theory X

  3. inventory theory

  4. none of these


Correct Option: A

Tactical decisions are called

  1. routine decisions

  2. strategic decisions

  3. programmed decisions

  4. non programmed decisions


Correct Option: A

A decision which is already systematised by rules and regulations is called a

  1. routine decision

  2. strategic decision

  3. programmed decision

  4. non-programmed decision


Correct Option: C

Economic Lot size theory is known as

  1. inventory theory

  2. waiting line theory

  3. theory X

  4. theory Y


Correct Option: A

Which theory can be used to solve the production and purchase problems?

  1. Queuing theory

  2. Inventory theory

  3. Theory X

  4. Theory Y


Correct Option: B

A probabililty which is obtained through inferences from assumed conditions is known as

  1. subjective probability

  2. empirical probability

  3. prior probability

  4. linear probability


Correct Option: C

Decisions taken under a competitive situation is called

  1. queuing theory

  2. waiting line theory

  3. game theory

  4. theory X


Correct Option: C

The process of dividing a work is called

  1. allocation

  2. sharing

  3. delegation

  4. division


Correct Option: A

The entire organisational structure should be shown in the

  1. master charts

  2. supplementary charts

  3. department charts

  4. operational charts


Correct Option: A

Decentralisation of an organisation

  1. has the effect of lessening the burden on top executives

  2. has the effect of increasing the burden on top executives

  3. does not affect the burden on top executives

  4. balances the burden of top executives


Correct Option: A

In which theory, are decisions made on the basis of a limited approximate model of the real situation?

  1. Classical theory

  2. Traditional theory

  3. Neo classical theory

  4. Behavioural theory


Correct Option: D

Specific assignments assigned to particular persons is called

  1. general delegation

  2. special delegation

  3. period delegation

  4. formal delegation


Correct Option: B

The Administrative Man theory is called

  1. Classical theory

  2. Neo Classical theory

  3. Behavioural theory

  4. Traditional theory


Correct Option: C

Traditional organisation is otherwise called as

  1. classical organisation

  2. scalar organisation

  3. efficient organisation

  4. modern organisation


Correct Option: B

Intuition theory is otherwise called as

  1. Traditional theory

  2. Classical theory

  3. Neo classical theory

  4. Behavioural theory


Correct Option: A

Which organisaional theory completely ignores the human factors?

  1. Classical theory

  2. Neo Classical theory

  3. Modern Organisational theory

  4. Old theory


Correct Option: A

'Authority originates in the formal structure of an organisation' is the essence of

  1. the formal authority school

  2. the competence school of thought

  3. the acceptance school of thought

  4. the informal school of thought


Correct Option: A

Authority derived from technical competence of the superior is related to

  1. the formal authority school

  2. the acceptance school of thought

  3. the competence school of thought

  4. the Informal school of thought


Correct Option: C

An organisation which refers to the relationship on personal attitudes, likes, dislikes etc. is called

  1. formal organisation

  2. informal organisation

  3. personal organisation

  4. group organisation


Correct Option: B

Span of management means

  1. a good organisaion should consist of departments

  2. the authority of each person must be clearly defined

  3. each subordinate should have one superior

  4. a manager can supervise only a limited number of executives


Correct Option: D

Line organisation is called as

  1. staff organisation

  2. military organisation

  3. formal organisation

  4. informal organisation


Correct Option: B

Which one of the following is the oldest type of organisation?

  1. Functional organisation

  2. Line organisation

  3. Line and staff organisation

  4. Committee organisation


Correct Option: B

According to scalar principle of organisation

  1. a manager can directly supervise a limited number of people

  2. exceptionally complex problems are referred to the higher level of the management

  3. each subordinate should have only one superior

  4. none of these


Correct Option: B

Unit of common principle of effective direction means

  1. the subordinates should be responsible to one superior

  2. there should be unity amongst subordinates

  3. there should be unity amongst superiors

  4. a superior can supervise a limited number of subordinates


Correct Option: A

Controlled function of management cannot be performed without

  1. planning

  2. organising

  3. staffing

  4. motivating


Correct Option: A

The main advantage of functional organisation is

  1. specialisation

  2. simplicity

  3. expert advice

  4. experience


Correct Option: A

Delegation of authority implies

  1. delegation of only authority

  2. delegation of only responsiblity

  3. delegation of both authority and responsibility

  4. delegation of title


Correct Option: C

Delegation of authority results in

  1. avoiding responsibility

  2. centralisation of powers at the top level

  3. cost lines of decision

  4. enabling the managers to distribute the work load


Correct Option: D

In line organisation

  1. the organisation is divided according to the skill required to perform the work

  2. the organisation is divided according to the type of work involved

  3. the authority flows from the top to the bottom

  4. each worker serves a number of supervisors


Correct Option: C
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