B.COM Business (Meaning & Nature of Business) MCQ's




Question 1 :
_____ industry is concerned with reproduction and multiplication of species in order to earn profit.

  1. Genetic
  2. Extractive
  3. Construction
  4. None of the above
  

Question 2 :
_____ concept of business is concerned with customer satisfaction.

  1. Modern
  2. Traditiona
  3. Product
  4. None of the above
  

Question 3 :
Poultry, dairy and plant nurseries are examples of _____ industry.

  1. genetic
  2. extractive
  3. construction
  4. All of the above
  

Question 4 :
_____ function is concerned with people in an organization.

  1. Human Resource
  2. Marketing
  3. Finance
  4. All of the above
  

Question 5 :
_____ functions involves activities like marketing research, promotion and distribution.

  1. Production
  2. marketing
  3. Human Resource
  4. None of the above
  

Question 6 :
_____ concept of business emphasizes on profit maximization.

  1. Modern
  2. Traditional
  3. Product
  4. None of the above
  

Question 7 :
_____ industry provides intangible goods.

  1. Extractive
  2. Manufacturing
  3. Service
  4. All of the above
  

Question 8 :
Encouragement to small scale and cottage industry is a type of _____ objective.

  1. national
  2. organic
  3. human
  4. All of the above
  

Question 9 :
_____ is the most important economic objective of a business unit.

  1. service
  2. profit
  3. charging right price
  4. None of the above
  

Question 10 :
Reduction in cost is a type of _____ objective.

  1. economic
  2. social
  3. organic
  4. All of the above
  

Question 11 :
_____ is an organic objective.

  1. Prestige
  2. social welfare
  3. wealth creation
  4. All of the above
  

Question 12 :
_____ objectives are also known as three fold objectives.

  1. Social
  2. Economic
  3. Organic
  4. None of the above
  

Question 13 :
Fulfilling responsibilities towards shareholders and creditors are examples of _____ objectives.

  1. economic
  2. social
  3. human
  4. None of the above
  

Question 14 :
_____ objectives generally stand at the top most in the hierarchy of business objectives.

  1. Economic
  2. Social
  3. Human
  4. All of the above
  

Question 15 :
_____ refers to sale of a segment of a company to a third party.

  1. Liquidation
  2. Divestiture
  3. Turnaround
  4. All of the above
  

Question 16 :
_____ refers to retrenchment of surplus manpower of business.

  1. Divestitures
  2. Downsizing
  3. Diversification
  4. All of the above
  

Question 17 :
_____ refers to reduction of government control over business sector.

  1. Liberalization
  2. Privatisation
  3. Globalization
  4. None of the above
  

Question 18 :
Divestment is a type of _____ strategy.

  1. retrenchment
  2. stability
  3. growth
  4. None of the above
  

Question 19 :
_____ refers to transfer of government function to the private sector.

  1. Liberalization
  2. Privatization
  3. Globalization
  4. All of the above
  

Question 20 :
_____ implies continuing current activities of the firm without any significant change.

  1. Stability
  2. Growth
  3. Retrenchment
  4. All of the above
  

Question 21 :
_____ strategy is applicable to loss making units.

  1. Turnaround
  2. stability
  3. Growth
  4. None of the above
  

Question 22 :
_____ is an internal growth strategy.

  1. Mergers
  2. Joint ventures
  3. Intensification
  4. None of the above
  

Question 23 :
_____ merger refers to combination of firms engaged in unrelated type of business activities.

  1. Conglomerate
  2. Horizontal
  3. Vertical
  4. All of the above
  

Question 24 :
_____ denotes split of a company.

  1. Demerger
  2. Divestiture
  3. Liquidation
  4. All of the above
  

Question 25 :
Business is a socio–economic activity.

  1. TRUE
  2. FALSE
  

Question 26 :
The traditional concept of business was customer oriented.

  1. TRUE
  2. FALSE
  

Question 27 :
The Modern concept of business gives importance to social responsibility.

  1. TRUE
  2. FALSE
  

Question 28 :
Production and Marketing are important functions of business.

  1. TRUE
  2. FALSE
  

Question 29 :
Commerce is concerned with production of goods and services for satisfying human wants.

  1. TRUE
  2. FALSE
  

Question 30 :
Genetic industry involves breeding and reproduction of plants and animals for the purpose of sale.

  1. TRUE
  2. FALSE
  
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