Financial Management Mcqs

T.Y B.COM

SEMESTER - 5

FINANCIAL MANAGEMENT

(FM)

MCQs: FEBRUARY 2020

1. The time period between placing an order its receipt in stock is known as __________. 

A. Over time 

B. Carrying time 

C. Shortage time 

D. Lead time 

2. Which one of the following is not the secondary function of Material Management?  

A. Standardisation & Specification 

B. Make or Buy decision 

C. Forecasting and Planning 

D. Purchasing 

3. "Buffer Stock" is the level of stock __________.   

A. Half of the actual stock  

B. Maximum stock in inventory  

C. Minimum stock level below which actual stock should not fall 

D. At which the ordering process should start 

4. Identify the correct pairs.  

1. People Oriented definition	a. McFarland
2. Production Oriented definition	b. Lawerence Appley
3. Decision Oriented definition	c.Taylor
4. Function Oriented definition	d. Stanley Vance

A. (1-b), (2-c), (3-d), (4-a) 

B. (1-c), (2-b), (3-d), (4-a) 

C. (1-a), (2-c), (3-d), (4-b) 

D. (1-b), (2-c), (3-d), (4-c) 

5. _________ has been framed to suggest appropriate behaviour of employees in the organisation. 

A. Code of Conduct 

B. Profession

C. Business

D. Employment 

6. As per Henry Fayol's principles of management one of the principle states that "In an organisation, the operations that have the same objective should be directed by one manager using one plan" The principle is known as: 

A. Unity of Direction  

B. Discipline

C. Unity of Command 

D. Authority

7. A ________ is a legal offer to purchase. 

A. Purchase Order 

B. Quotation 

C. Supplier's Invoice 

D. Receiving Order 

8. Match the technique of scientific management given under B with the suitable statements under A 

1. One best way of doing job	a. Simplication
2. Eliminates unnecessary diversity of products	b. Standardisation
3. Settting standards for business activities	c. Motion study
4. Eliminates unnecessary movements	d. Method study

A. (1-a), (2-b), (3-c), (4-d) 

B. (1-c), (2-b), (3-d), (4-a)   

C. (1-d), (2-a), (3-b), (4-c) 

D. (1-d), (2-c), (3-b), (4-a)  

9. "Personnel Management is the planning, organising, directing, controlling of the procurement development, integration, maintenance and separation of human resources to the end that individual, organisational and social objectives are achieved." Who has given this definition of Personnel Management?  

A. Prof.Jucius  

B. Edwin Flippo 

C. Stephens Robbins 

D. French 

10. ________ is referred practically to no inventory. 

A. Rolling 

B. Just in Time

C. Shifting 

D. Simplification 

11. According to _________ "An organisation is a structure a framework and a process by which a cooperative group of human beings allocated its task among its members, identifies relationship and integrates its activities towards common objectives." 

A. Gregor  

B. Terry 

C. Massie 

D. Drucker 

12. Stock of goods lying in the warehouse is called _________. 

A. Inventory  

B. Assemblies 

C. Accessories 

D. Equipments 

13. In order to enter into profession, one has to acquire an educational degree by clearing specified examination conducted by registered institutes. Which feature of profession is being revealed? 

A. Professional Association 

B. Restricted entry 

C. Well defined body of knowledge  

D. Ethical Code of Conduct  

14. Which one of the following is not the objective of Production Management? 

A. Right Time 

B. Right Quantity 

C. Right Place 

D. Right Quality 

15. In order to become a lawyer one has to register himself as a member of Bar Council of India. Which feature of profession is being revealed?  

A. Professional Association

B. Restricted Entry

C. Service motive

D. Ethical Code of Conduct

16. Our economic system based on monetary exchange has three distinct flows like goods flow, __________ and information flow. 

A. Method

B. Money

C. Market

D. Material

17. Which of the following is not among the levels of management? 

A. Middle Level Management  

B. Lower Level Management    

C. Intermediate Level Management 

D. Top Level Management  

18. In which order the following functions of the management are performed? 

a) Organising 

b) Controlling   

c) Planning 

d) Directing 

A. c, a, d, b

B. a, b, c, d 

C. c, d, a, b 

D. c, a, b, d

19. The style of singing of Arjit Singh and Honey Singh are different to each other, however they acquire same knowledge of ragas.Identify the feature of art discussed above.  

A. Existence of theoretical knowledge  

B. Based on practice and creativity 

C. Personalised Application  

D. Universal Validity 

20. Which one of the following statement is not true? 

A. Management is also meant making decisions at various level 

B. Management integrates various resources of the organisation 

C. Without objective it becomes easy to define direction of the organisation 

 D. Management is a process of organised activities 

21. The following is not a function of Personnel Management. 

A. Training and Development  

B. Wage and Salary Administration 

C. Production, Planning and Control 

D. Recruitment and Selection 

22. According to ________ the life of a manager is a perpetual decision-making activity.  

A. J.N.Schulze  

B. Peter Drucker 

C. Harold Koontz 

D. S.George 

23. ________ is regarded as father of scientific management.  

 

A. FW Taylor  

B. Henry Fayol 

C. Peter Drucker 

D. Edwin Flippo 

24. _________ is obedience application, energy, behaviour and outward mark of respect shown by employees. 

 

A. Discipline 

B. Unity of Direction 

C. Remuneration of Personnel 

D. Unity of Command 

25. Men comes in ________ part of schematic production system. 

A. Continous  

B. Output  

C. Process 

D. Input 

26. Which of the following is not a Management Principle?  

A. Discipline

B. Creativity

C. Equity

D. Order 

27. _______ is called as an idle resource of an enterprise.  

A. Labourers 

B. Capital  

C. Inventory 

D. Finance 

28. FW Taylor introduced the concept of ________ which motivated the workers to work hard. 

A. Time Rate System 

B. Piece Rate System 

C. Differential Piece Rate System 

D. Combined Rate Method 

29. The _________ is a statement of which end items are to be produced, their quantity and the dates are to be completed.  

 

A. Inventory Record 

B. MRP 

C. MPS 

D. Bills of Material 

30. Which function of Material Management ensures that the system and procedure adopted for Material Management are efficient?  

A. Quality Control of Materials 

B. Standardisation and Simplification 

C. Design and Development of Product 

D. Departmental Efficiency

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