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Business and Commerce MCQ Questions and Solutions with Explanations | Commerce

Business and Commerce MCQ Questions and answers with easy and logical explanations. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Business and Commerce MCQ is important for exams like B.COM, M.COM, BBA, BBM, CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other commerce department exam. Page-8 section-3

Each section contains 100 MCQs on Business and Commerce .
71
Which function is basis of control?
Discuss
Answer & Solution
Answer: Option A
Solution:
Planning is basis of control. Planning and controlling are closely related to each other. After a plan becomes operational, control is necessary to measure progress, to uncover deviations from the targets and to take corrective steps.
72
_________ is a force to drive a person to action.
Discuss
Answer & Solution
Answer: Option A
Solution:
Motivation is a force to drive a person to action. Motivation is the ultimate force that causes you to take action. Not only does it initiate and drive goal-oriented behaviour, but it also sustains it.
73
_________ Deals with appointing people and placing them at the appropriate jobs.
Discuss
Answer & Solution
Answer: Option C
Solution:
Staffing deals with appointing people and placing them at the appropriate jobs. Staffing is the process of hiring eligible candidates in the organization or company for specific positions. In management, the meaning of staffing is an operation of recruiting the employees by evaluating their skills, knowledge and then offering them specific job roles accordingly.
74
Which one of the following replaced MRTP?
Discuss
Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
75
Match List-I with List-II:
List-I (Trade and Finance Institution) List-II (Headquarters)
a. WTO 1. Brussels
b. IMF 2. Geneva
c. FAO 3. Washington
d. EU 4. Rome
Choose the correct option from those given below
Discuss
Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
76
The authority which plays advisory and supporting role in an organisation is called:
Discuss
Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board
77
The nature of multinational corporation is in
Discuss
Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board
78
The person who bears a risk to produce goods or services to earn profit is called
Discuss
Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
79
Rationalisation has its origin in:
Discuss
Answer & Solution
Answer: Option D
No explanation is given for this question. Let's Discuss on Board
80
Partner by estoppel is
Discuss
Answer & Solution
Answer: Option D
No explanation is given for this question. Let's Discuss on Board