CBSE Questions for Class 11 Commerce Business Studies Business Trade And Commerce Quiz 5 - MCQExams.com

Sub rosa means ____________.
  • Done public ally
  • Confidentially
  • Done in secret
  • (B) or (C)
Characteristics of a business organization ________.
  • lawful business
  • dealing in goods and services
  • risk involvement
  • all of the above
_______ is a prediction or estimation of future values of a variable like sales, demand, price, profits etc.
  • Planning
  • Decision making
  • Forecasting
  • None of above
The "law of diminishing returns" applies to _________________.
  • short run, but not long run
  • long run, but not short run
  • both short run and long run
  • neither short run nor long run
The organized efforts of an enterprise to supply consumers with goods and services for a profit is known as _______.
  • service
  • business
  • production
  • market trend
In which economic system all the means of production are owned and controlled by private individuals for profit.
  • Socialism
  • Capitalism
  • Mixed economy
  • Communism
Find the odd statement out.
  • Normative economics is concerned with welfare propositions.
  • Normative economics is prescriptive in nature.
  • Normative economics is regulatory in nature
  • Economic laws are hypothetical.
The trend component is easy to identify by using ___________.
  • moving averages
  • exponential smoothing
  • regression analysis
  • delphi approach
Income of a businessman is called ________.
  • wage
  • salary
  • fee
  • profit
The decision to start an new business is taken when one perceives that forming a New business is:
  • Possible
  • Desirable
  • Accurate
  • Both a and b
Most important factor in forming a new business is ___________.
  • Finance
  • Marketing
  • Government support
  • Family support
Invariably to have good human relations a manager should _______________.
  • Promote & do self appraisal
  • Direct change and control
  • Understand the psychology of individual
  • All of the above
The income of a profession is called ________.
  • wage
  • salary
  • fee
  • profit
As per Maslow's Hierarchy of needs theory, the need for fulfilment, for realizing one's own potential, and for fully one's talents capabilities are examples of ____________ needs.
  • Self-actualization
  • Psychological
  • Social
  • Environmental
First mover advantage refer ___________________.
  • Early identification of business opportunities
  • Early identification of uncertainty
  • Early identification of business rivals
  • Early identification of uncertainty in business.
Economic choice and competitive behaviour are the result of ____________.
  • basic human need
  • poverty
  • private ownership of resources
  • scarcity
All professions are based on ____________.
  • knowledge
  • creativity
  • practice
  • all of the above
The skill that is required by all level of managers _____________.
  • Conceptual skill
  • Technical skill
  • Human relation skill
  • None of the above
Which of the following occupations involve maximum risk?
  • Employment
  • Business
  • Profession
  • Teaching
Which of the following statements best describe economic activities?
  • These activities are undertaken to earn money
  • These activities provide pleasure
  • These activities involve no risk
  • These activities involve working outside the house
SBU stands for ___________.
  • Social Business Unit
  • Strategic Business Unit
  • Social Bold Unit
  • Strategic Bold Unit
What is the second stage of socialisation process?
  • Metamorphosis stage
  • Pre-arrival stage
  • Outcome
  • Encounter stage
Activities involved in physical involvement of goods from the factory to market etc. is called _____________.
  • logistics
  • Merger
  • Mission
  • None of the above
 ___________ is  the principle  of non-interventionof the Government in economic affairs of the country.
  • Liberalisation
  • Laissez-faire
  • Giffins Caveat
  • None of the above.
Which of the following occupations or services of specialized nature are provided with a fee?
  • Employment
  • Business
  • Profession
  • Farming
Which of the following is not a business activity?
  • A housewife selling old newspapers
  • A person selling vegetables in your locality
  • A teacher teaching his daughter at home
  • A painter painting houses of others
Scholars belonging to _____ feel that study of management should be based on interpersonal relations. 
  • Empirical Approach
  • Group Behaviour Approach
  • Interpersonal Behaviour Approach
  • Decision Theory Approach
The purposes of business that goes beyond earning profits _____.
  • Offering better quality of life
  • Contributing to the economic growth of the country
  • Creating job opportunities
  • All of above
Interpersonal Behaviour Approach also known as.
(I) Behavioural science Approach
(II) Leadership Approach
(III) Human Relations Approach
Select correct answer from the options given below :-
  • (I)
  • (II)
  • (III)
  • All of the above
The subject matter of personnel management is?
  • Profit
  • Capital investment
  • Human being
  • Wages and incentives
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