1. In management process, the most misinterpreted word is (A) Organizing (B) Delegating (C) Controlling (D) Planning 2. Who said, "Management is a multiple purpose organ that manages a business, manages a manager and manages workers and work"? (A) Harold Konntz (B) Peter Drucker (C) Kenneth O'Donell (D) Anonymous 3. Under mechanism of scientific management, scientific task setting includes: (A) Time study (B) Motion study (C) Method study (D) All of the above 4. Management as a discipline is the function of (A) Science (B) Art (C) Creativity (D) All of the above 5. Which theory assumes that people are naturally lazy and will avoid work and responsibilities if possible? (A) Theory X (B) Theory Y (C) Theory Z (D) None of the above 2/ Page 6. Who is the person you have to give importance under the company's checklist before making call to the consultant. (A) Managers (B) Employees (C) Customer (D) All of the above 7. As a Theory Ymanager, you believe that your employees (A) Dislike work and will avoid it if possible. (B) Need a hierarchy of authority and lots of rules and regulations. (C) Should be trained to standard methodology in all their tasks. (D) Are self-motivated and self-directed toward achieving organizational goals. 8. According to Frederick Taylor, who was to blame for the inefficiency in organizations? (A) The unions. (B) The managers. (C) The organization as a whole. (D) The workers 9. A reporting relationship in which an employee receives orders from, and reports to, only one supervisor is known as: (A) Line of authority. (B) Centralization. (C) Unity of direction. (D) Unity of command 10. The management process functions consist of (A) Planning, organising, staffing and directing (B) Planning, organising, leading and directing (C) Planning, organising, leading and staffing (C) Planning, organizing, leading and controlling. 11. Assets that can be converted into cash within a short period (ie 1 year or less) are referred to as....... 3/ Page ********* 12. The debts, which are to be repaid within a short period (year or less) are known as... 13. Which class of account records expenses, gains and Losses?.... 14. The accounting concept that requires that assets are recorded in the books at the cost at which they were acquired is known as............. 15. If wages are paid with cheque for the construction of business premises; ........A/c is Debited and...... . A/c is Credited 16. The liabilities that are payable in more than a year and are not be liquidated from current assets (A) Fixed liabilities (B) Contingent liabilities (C) Current liabilities (D) All of the above 17. The debts, which are to be repaid within a short period (year or less) are known as (A) Contingent liabilities (B) Current liabilities (C) Fixed liabilities (D) All of the above 18. The sales income (Credit and Cash) of a business during a given period is called (A) Turnover (B) Purchase returns (C) Transactions (D) Sales returns 19. Any written evidence in support of a business transaction is called (A) Ledger posting (B) Voucher (C) Journal (D) Ledger 20. The accounts that records expenses, gains and losses are (A) Nominal accounts 41 Page (B) Personal accounts (C) Real accounts (D) None of the above