1. The term Opportunity Cost refers to

(A)Variable Cost


(B)Short-run cost


(C)The cost forgone in favour of production of another product


(D)Cost related to an optimum level of production



2. If two commodities are complementary, then a rise in the price of one commodity will induce

rise in the price of the other commodity


upward shift of demand curve


shift in demand for the other commodity


backward shift in demand for the other commodity



3. What is the characteristic of a purely competitive market

(A)Large number of buyers and sellers


few sellers


few buyers


Abnormal profit



4. Willingness to pay minus actual payment is called

(A)Consumer's surplus


(B)Producer's surplus


(C)Utility cost


Supplier's surplus



5. Match List I with List II and select the correct answer using the codes given below the lists
List I List II

a. Cost Function 1. Kinky Demand Curve

b. Supply 2. Isoquants Function

c. Production 3. Engineering Function Method

d. Oligopoly 4. Factor Prices

Codes
a b c d


4 2 1


3 1 2


2 1 4


2 3 4


6. When analysing your business and its environment, it is useful to carefully inspect

(A)Threats


(B)Opportunities


(C)Strengths and weaknesses


(D)All of the above


7. Which of the following is an example of an external threat

(A)Decreased competition


(B)New Trade Regulations


(C)Global Sales Potential


(D)Economies of Scale


8. Expectancy Theory of Motivation was propounded by

(A)Porter and Lawler


(B)McGregor


(C)Vroom


Stacy Adams

9. Which one of the following is not a step in planning

Establishing objectives


(B)Developing premises


(C)Determining alternative courses


(D)Identifying needs of employees



10. Planning is looking ahead and control is

(A)Scanning environment


(B)Looking back


(C)Setting targets


(D)Defining objectives



11. Human Resource Management is a part of the broad Human Resource Development System, as this focus to

(A)Selection, Induction, Training and Development


(B)Operational and Organisational Options


and above


(D)None of the above



12. Performance Appraisal is a double edged tool to

(A)Create space for the employee to organisationally survive.

Offering challenges for promotion.

(C)Accompanying the course of Demotion.


(D)All of the above.



13. Wage determination is mostly done through tools which are

(A)Objective


(B)Subjective


(C)Both of


(D)None of these



14. Job Evaluation criterion comes from

(A)Job manual


(B)Job description


(C)Job specification


(D)Job duration



15. Exit Policy primarily emphasises in the broad sense, for policy makers as

(A)Removing employees


(B)Down sizing


(C)Retiring people and Rehabilitating them


(D)Bringing new blood to the Corporate


16. The goal of financial management is to

(A)Maximise the wealth of Preference Shareholders


(B)Maximise the wealth of Debentureholders


(C)Maximise the wealth of Equity shareholders


(D)All of the above


17. The Internal Rate of Return is determined where

(A)the Net Present Value is positive


(B)the Net Present Value is negative


(C)the Net Present Value is zero


(D)None of the above


18. The Tax shield would result in

i. increase in tax liability
ii. increase in EPS
iii. decrease in EPS
iv. decrease in tax liability

Codes

and


and


and


and


19. Which of the following is a main method of issue of stocks

Vendor placing


(B)Public issue through Prospectus


(C)Private placements


(D)None of the above

20. The Capital Asset Pricing Model (CAPM) establishes the relationship between

(A)Risk and EPS


(B)Risk and value of the firm


(C)Risk and the required rate of return


(D)None of the above



21. 'Marketing is a human activity directed at satisfying needs and wants through Exchange process'; is the statement of

(A)Cundiff ad Still


(B)Kenneth Andrews


(C)Philip Kotler


(D)Kishwar S. Kan



22. Promotion mix includes

(A)Advertising, publicity, personal selling and sales promotion


(B)Physical attributes, brand, package and product life cycle


(C)Brand name, product benefits, delivery and credit


(D)Transportation, material handling, packaging and customer service



23. Which of the following is not the stage of product life cycle

Introduction


(B)Growth


(C)Market segmentation


(D)Decline



24. Which is the basic form of Innovation

(A)Introduction of novel production process


(B)Improvement and development of existing process


(C)Improvement and development of existing firm


(D)All of the above



25. The scientific system of collecting and analysis of data pertaining to market is known as

(A)Production Research


(B)Advertising Research


(C)Marketing Research


(D)None of the above


26. Which one of the following is not the function of Production Management

(A)Production, Planning and Control


(B)Procurement of Raw Materials


(C)Market Intelligence and Survey


(D)Plant Location and Layout


27. Time study refers to

(A)Developing a standard time to do a particular task


(B)Improving work methods


(C)Value analysis


(D)Value engineering


28. Acceptance Quality level is

(A)Maximum number of defectives that the consumers will accept


(B)Fraction defective(s) that the consumer considers acceptable


(C)Fraction defective(s) that the producer considers acceptable


(D)Maximum number of defectives that the producer will allow


29. In a transportation problem involving 10 origins and 5 destinations, the number of constraints representing origin capacity and destination requirements is equal to



49



14


30. The critical path of a network is

(A)for which earliest start time and latest start time are same


(B)the shortest time path through a network


(C)for which earliest finish time and latest finish time are same


(D)the longest time path through a network



31. If a person buys one ticket of a State lottery, then the probability that he wins a price is 0.11. If a person buys one ticket each month for five months, what is the probability that he will win least one price

(A)0.55


(B)0.50


(C)0.44


(D)0.56



32. The standard error of the mean of a random sample of size two or more.

(A)Always exceeds the population standard deviation.


(B)Either exceeds or equals the population standard deviation.


always lower than the population standard deviation


always equal to the population standard deviation.



33. A store manager is trying to explore the relationship between percentage fat content and price of various dairy products. He finds that the coefficient of determination is 0.4624 and the estimated regression line is Y 0.5 0.02 X. The coefficient of correlation would be

(A)0.68


0.68


0.02


(D)0.4624



34. Which of the following statement on testing of hypothesis is always true

(A)When the null hypothesis is rejected at it is always rejected at level of significance.


(B)When the null hypothesis is rejected at it is also rejected at level of significance.


(C)When the null hypothesis is not rejected at it is rejected at level of significance.


definite assertion can be made.


35. Which of the following devices would be considered a typical sequential access medium

(A)Magnetic Hard Disk


(B)Magnetic Floppy Disk


(C)Magnetic Tape


ROM


36. What describes the market, product and technological areas of business

BCG Matrix


Nine Cell Matrix


framework


(D)Company's Mission


37. Name the factors taken into consideration in Internal Analysis

(A)Firm Resources


(B)Objective, plans and policies of the firm


(C)The type of business involved


(D)All of the above


38. Diversification is to a new business area that has no obvious connection with any of the company's existing areas refer to

(A)Forward integration


(B)Backward integration


(C)Conglomerate diversification


(D)Concentric diversification

39. Which business unit generates substantial cash surplus due to low industry growth rate and high profit share

(A)Dog


(B)Cash cow


(C)Question mark


(D)Star



40. Who plays an important role in the success of products and services and in increasing the marketing share of the firm in business

(A)Functional level Managers


(B)Corporate level Managers


(C)Business level Managers


(D)All of the above



41. Entrepreneurship as a theory of business was propounded by

(A)Douglas McGregor


(B)Thomas A. Coleman


(C)Joseph A. Schumpeter


(D)Adam Smith



42. Policies related to Revival of Sick Units are framed by

(A)IIFT

CSIR

(C)SEBI

MSME



43. The book 'Innovation and Entrepreneurship' is written by

(A)Harold Koontz


(B)Blake and Mouton


(C)Peter F. Drucker


(D)None of the above



44. State Financial Corporation Act encourages in

(A)Establishing Industrial Estates


(B)Establishing small and medium size industries


(C)Establishing Agricultural Farms


(D)All of the above



45. Name the Author of Equity Theory of Motivation.

(A)Blake Mouton


(B)Strube Garcia


(C)Stancy Adams


(D)Albert Bandura



46. Anything dealing with Ethics in Business is

bad or both, to the business gains


(B)not related to religion


(C)not to focus obligation


(D)killing all types of Unfair Trade Practices


47. Ethics provide

(A)Consumer Autonomy


(B)CSR


(C)Justice


(D)All of the above


48. Company seeking ethical standard must purport to

(A)Good Employee Relation


(B)Better Production Portfolio


(C)Economy of Scale


(D)Public Disclosure and Publishing


49. Which of the following is not the act of Corporate Governance

(A)Protecting the interest of shareholders


(B)Protecting the interest of employees


(C)Fudging of Accounts


(D)Paying Taxes to the Government


50. Corporate Social Responsibility is looked as the organised network of making long economic and social relationship of the corporate with the society. But a business of which type, as mentioned below, cannot afford for it, at the first instance

(A)Large Business


(B)Medium Business


(C)Small Business


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