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Business Management MCQ Questions and Solutions with Explanations | Management

Business Management MCQ Questions and answers with easy and logical explanations. Management provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Management MCQ is important for exams like MAT, CAT, CA, CS, CMA, CPA, CFA, UPSC, Banking and other Management department exam. Page-2 section-3

Each section contains 100 MCQs on Business Management .
11
Theory of work-motivation was propounded by
Discuss
Answer & Solution
Answer: Option B
Solution:
Theory of work-motivation was propounded by Herzberg. The two-factor theory (also known as Herzberg's motivation-hygiene theory and dual-factor theory) states that there are certain factors in the workplace that cause job satisfaction while a separate set of factors cause dissatisfaction, all of which act independently of each other.
12
Esteem needs are also called as
Discuss
Answer & Solution
Answer: Option C
Solution:
Esteem needs are also called as ego needs. Esteem needs refer to the need for respect, self-esteem, and self-confidence. Esteem needs are the basis for the human desire we all have to be accepted and valued by others.
13
The management function which regulates the activities
Discuss
Answer & Solution
Answer: Option B
Solution:
Control is a fundamental managerial function. Managerial control regulates the organizational activities. It compares the actual performance and expected organizational standards and goals. For deviation in performance between the actual and expected performance, it ensures that necessary corrective action is taken.
14
Cost volume profit analysis is otherwise called as
Discuss
Answer & Solution
Answer: Option C
Solution:
Cost volume profit analysis is otherwise called as break even analysis. Break-even analysis is a technique widely used by production management and management accountants. It is based on categorising production costs between those which are "variable" (costs that change when the production output changes) and those that are "fixed" (costs not directly related to the volume of production).
15
A statement which reflects future incomes and expenditure
Discuss
Answer & Solution
Answer: Option B
Solution:
Budget is a statement that reflects future incomes and expenditure. The budget statement is an estimate of revenues and expenses predefined for a specified period. It reflects the company's future financial conditions and helps to achieve financial goals.
16
Verification of financial statements is
Discuss
Answer & Solution
Answer: Option B
Solution:
Verification of financial statements is internal audit. Internal audits evaluate a company’s internal controls, including its corporate governance and accounting processes. They ensure compliance with laws and regulations and help to maintain accurate and timely financial reporting and data collection.
17
The term policy is derived from
Discuss
Answer & Solution
Answer: Option A
Solution:
The term policy is derived from latin. Meaning "plan of action, way of management" first recorded c. 1400. policy.
18
A policy which is inferred from the behaviour of the superior is
Discuss
Answer & Solution
Answer: Option D
Solution:
Implicit policies are similar to norms that govern individuals within an institution, but they are not formally recorded. Even though implicit policies are not recorded, they still have an authority within the institution that stems from the fact that individuals within the institution follow them.
19
The process of activity relating to the effective utilization of available resources for production is
Discuss
Answer & Solution
Answer: Option B
Solution:
The process of activity relating to the effective utilization of available resources for production is management. Management is a set of principles relating to the functions of planning, organizing, directing and controlling, and the application of these principles in harnessing physical, financial, human and informational resources efficiently and effectively to achieve organizational goals.
20
Achievement of objectives of an organization is concerned with
Discuss
Answer & Solution
Answer: Option C
Solution:
Achievement of objectives of an organization is concerned with management. Management is a set of principles relating to the functions of planning, organizing, directing and controlling, and the application of these principles in harnessing physical, financial, human and informational resources efficiently and effectively to achieve organizational goals.