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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-9 section-2

Each section contains 100 MCQs on Business and Commerce .
81
The computations in a computer are performed by __________.
Discuss
Answer & Solution
Answer: Option D
Solution:
The computations in a computer are performed by control unit. The control unit (CU) is a component of a computer's central processing unit (CPU) that directs operation of the processor. It tells the computer's memory, arithmetic/logic unit and input and output devices how to respond to a program's instructions.
82
__________ layout is not flexible.
Discuss
Answer & Solution
Answer: Option A
Solution:
Product layout is not flexible. It is the disadvantage of product layout.
83
Maintenance of records is the _________ functions of an office.
Discuss
Answer & Solution
Answer: Option C
Solution:
Maintenance of records is the basic functions of an office. The object of keeping records is to enable information to be made readily available to the management whenever recovered. These records are essential for the management in planning and controlling the business affairs.
84
__________ is the arrangement of furniture and equipment with the available floor space.
Discuss
Answer & Solution
Answer: Option C
Solution:
Office layout is the arrangement of furniture and equipment with the available floor space. “The problem of layout relates to the arrangement in the space involved so that all the equipment, supplies, procedures and personnel can function at maximum efficiency”.
85
_________ Layout based on similarity of work.
Discuss
Answer & Solution
Answer: Option A
Solution:
Group Layout based on similarity of work. Group layout is a kind of layout where persons doing similar activities or machines doing similar operations are grouped together.
86
_________ highly flexible type of organization.
Discuss
Answer & Solution
Answer: Option A
Solution:
Sole Trading Concern highly flexible type of organization. Sole trading concern is the oldest type of business organization throughout the world. It is simple and natural type of organization because it is owned, controlled, supervised and managed by single person known as sole trader.
87
In case of ________ layout, production is carried on in special purpose machine.
Discuss
Answer & Solution
Answer: Option B
Solution:
In case of product layout, production is carried on in special purpose machine. Since machines are arranged based on the sequence of operations, mechanized equipment such as conveyor belts can be used for transporting materials. This results in significant saving of time.
88
Nature of the product is the vital factor,which influences the _________ of the units.
Discuss
Answer & Solution
Answer: Option A
Solution:
Nature of the product is the vital factor,which influences the size of the units.
89
_________ refers to a smaller area.
Discuss
Answer & Solution
Answer: Option A
Solution:
Site refers to a smaller area. It is a point or an area on the Earth's surface or elsewhere.
90
_________ means a fraction of the capital of a company.
Discuss
Answer & Solution
Answer: Option A
Solution:
Stock means a fraction of the capital of a company. A single share of the stock represents fractional ownership of the corporation in proportion to the total number of shares.