Resource Management and Consumer Issues MCQ Questions and Answers

Explore the Resource Management and Consumer Issues with this comprehensive collection of MCQ questions and answers.Resource Management and Consumer Issues is perfect for Home Science students preparing for competitive exams such as BA (Home Science), MA (Home Science), UPSC, UGC NET, State PCS, and more. Enhance your understanding, excel in your studies, and strengthen your preparation with this valuable resource. Page-10 section-1

Planning is an intellectual activity, which needs knowledge of affairs and resources.
1. Sufficient reasoning
2. Insight and imagination
3. Professional skill
4. Specialised knowledge

A) 1 and 2 B) 1 and 4 C) 1, 2 and 3 D) All of these

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Answer & Solution

Answer: Option D

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"Getting results through people" is the description of

A) management B) government C) training D) controlling

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Answer & Solution

Answer: Option A

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Assertion (A) The challenge of management lies in the abundance of resources and being able to manage the most of the family goals.
Reason (R) Minimising inputs and maximising outputs are the essence of management.

A) A is correct but R is incorrect B) A is incorrect but R is correct C) Both A and R are correct D) Both A and R are incorrect

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Answer & Solution

Answer: Option B

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. . . . . . . . provides the adequate and accurate information about quality, quantity, purity, standard and the price of the goods and services.

A) Right to Choose B) Right to be Heard C) Right to be Informed D) Right to Consumer Education

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Answer & Solution

Answer: Option C

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The family income can be in the form of

A) wages B) pensions C) bonus D) All of these

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Answer & Solution

Answer: Option D

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The consumer cooperative's chief characteristics is/are

A) it is a voluntary association of persons B) sell for cash and seldom allow for credit facilities C) the accounts are regularly audited by an auditor, appointed by the registrar of cooperative societies D) All of the above

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Answer & Solution

Answer: Option D

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Assertion (A) Time and energy demands of employed women are same in different states of family cycle.
Reason (R) Energy management is more difficult and complex than time management irrespective of stages of family life cycle.

A) A is correct and R is incorrect B) Both A and R are correct C) A is incorrect and R is correct D) Both A and R are incorrect

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Answer & Solution

Answer: Option C

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Identify the managerial function out of the following functions.

A) Procurement B) Development C) Organising D) Performance appraisal

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Answer & Solution

Answer: Option C

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Consider the following statements
Statement I Decision-making is the heart of management.
Statement II The role of decision-making in management involves knowing and actually applying essential information in problem situation.

A) Only statement I is correct B) Only statement II is correct C) Both the statements, I and II are correct D) Neither statement I nor II is correct

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Answer & Solution

Answer: Option C

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100

At the beginning stage of family life cycle . . . . . . . .

A) the resource utilisation is comparatively low B) the partners tries to formulate short term and long-term goals C) both the partners get acquainted with each other D) All of the above

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Answer & Solution

Answer: Option D

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