46
"Reserve capital' denotes
1
reserve of capital profits
2
reserve of revenue profits
3
reserve fund for capital expenditure
4
uncalled portion of capital
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Answer: uncalled portion of capital
47
Accounting principles are generally based on
1
convenience in recording
2
discretion of the accountant
3
practicability
4
subjectivity
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48
The cost which is influenced by a decision is generally termed as
1
opportunity cost
2
implied cost
3
cash cost
4
relevant cost
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49
Plan to buy equipment or material is called
1
sequencing plan
2
plan on time
3
supporting time
4
operational plan
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50
Employer-employee relationship is an example of
1
controllable premises
2
tangible premises
3
internal premises
4
intangible premises
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Answer: intangible premises
51
Policies involved when managers repeatedly make some decisions in similar situations over a period of time are
1
specific policies
2
express policies
3
implied policies
4
appealed policies
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52
Visual representation of organization structure is known as
1
organization system
2
organization chart
3
organization pattern
4
line organization
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Answer: organization chart
53
Workload analysis, workforce analysis and comparison thereof are the essential steps of
1
recruitment
2
selection
3
training and development
4
manpower requirement
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Answer: manpower requirement
54
Motivation, leadership and communication are the three main components of
1
supervision
2
goal-setting process
3
direction
4
HR management
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55
The expectation theory of motivation was developed by
1
Victor H. Vroom
2
J. Stacy Adams
3
Clayton Alderfer
4
B. F. Skinner
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56
Cognitive theory of motivation is based on
1
need
2
perception
3
behaviour
4
reinforcement
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57
Control that chooses the best inputs to avoid defective outputs is known as
1
feedback control
2
concurrent control
3
feedforward control
4
strategic control
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Answer: feedforward control
58
Tactical level controls are exercised by
1
middle-level managers
2
lower-level managers
3
top-level managers
4
managers at all levels
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Answer: middle-level managers
59
The relationship between a superior and his immediate subordinate is
1
direct relationship
2
cross-relationship
3
group relationship
4
indirect relationship
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Answer: direct relationship
60
Authority flows from leaders to followers in
1
formal organization
2
informal organization
3
divisional organization
4
both formal organization and informal organization
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Answer: formal organization
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