Commerce Accountancy

Business and Project Management

1,444 Questions

Business and project management focus on organizational resources, strategic planning, and time management techniques used to achieve corporate objectives. It includes theories of administration and continuous improvement processes. Review these commerce and management questions to prepare for business administration sections in competitive exams.

Strategic managementTime managementOrganizational resourcesAdministration principles

Business and Project Management Questions

Multiple choice organisation of commerce and management marketing mix elements of marketing mix middlemen physical distribution and channels

Manufacturer- Agent- Wholesaler- Retailer- Consumer. This is the ________ channel of distribution. 

  1. Zero level

  2. One level

  3. Two level

  4. Three level
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Channels of distribution is a chain of business or intermediaries through which goods or services until it reaches the end customer .

Manufacturer-Agents-Wholesaler-Retailer-Consumer . This is the three level channel of distribution.

Multiple choice elements of business recent trends in marketing product life cycle e-marketing role of a marketer definition and functions of purchasing and storage department purchasing and stores

Supply of spare parts and attending to customers come under which of the services of retailers to customers?

  1. Convenience in buying

  2. Wide selection

  3. New products information

  4. After-sales services
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

After-sales support is a service that is provided after merchandise or services have been sold. It is designed to assist a customer in using a product correctly, which could generate repeat customers, develop brand loyalty among customers and ensure customer satisfaction.

A company's after-sales service is all the help and information that it provides to customers after they have bought a particular product. A local retailer who offers a good after-sales service. They attempt to keep the car buyer as a long-term customer by offering after-sales service

Multiple choice business organisation and correspondence elements of success in business and qualities of a successful businessman meaning of entrepreneur entrepreneurship – concept, meaning and definition values and qualities of a businessman

Active scanning involves the ____ of continuous resources and, from time to time, supplementing them with existing resources as needed.

  1. conscious selection

  2. subconscious selection

  3. analysis of threats to the business

  4. none of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

In active scanning the information resources scanned are specifically selected for their known or expected richness in the desired information. A dimension of scanning concerns the time element of the information source being scanned. Active scanning involves the conscious selection of continuous resources and from time to time supplementing them with existing resources as needed.

Multiple choice book keeping and accountancy cost accounting: an introduction fundamental concepts of cost meaning, elements and classification of cost methods of costing

For the proper appreciation of the material control, which of the following step is not necessary ?

  1. Purchasing of materials

  2. Receiving and inspecting of materials

  3. Using of materials

  4. Accounting of materials
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Material control involves the systematic management of purchasing, receiving, storing, and accounting for materials. Using materials is an operational activity, not a control step.

Multiple choice elements of accounts ledger and posting distinction between subsidiary books and ledger explain the meaning of ledger posting methods of posting entries

Receivables Management deals with _______________.

  1. Receipts of raw materials

  2. Debtors collection

  3. Creditors management

  4. Inventory management
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Receivable management is the process of making decisions relating to investment in trade debtors. Certain investment in receivables is necessary to increase the sales and the profits of the firm.

Multiple choice organization of commerce and management emerging modes of services e-commerce and mobile commerce recent trends of business introduction to internet and e-commerce

The first step in decision making is __________.

  1. selection of alternatives to be followed

  2. analysis and evaluation of available alternatives

  3. discovery of alternatives

  4. identifying and diagnosing the real problem
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The first step in decision making is identifying and diagnosing the real problem i.e. a company is required to keep an eye on the business activities i.e. what is going at the wrong side so that a corrective measure can be done to convert the problem nto an advantage.

Multiple choice classification of computer introduction to the information age physics

Which is not necessary when using bar codes in supermarkets?

  1. Point-of sale(POS) terminal

  2. Check digit on the bar code

  3. Price on the shelf

  4. Price on the goods

  5. None of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Price on the shelf is not necessary when using bar codes in supermarkets.

It also contains a check digit, so that the computer can validate that the data has been read in correctly. The barcode does not contain price. The price is held in the database instead. This makes it easy to change if there are special offers or prices go up.

The Universal Product Code (UPC) is a barcode symbol that is widely used in the United States, Canada, United Kingdom, Australia, New Zealand, in Europe and other countries for tracking trade items in stores.

Multiple choice organisation of commerce and management government organisation meaning and features of government company government companies forms, comparison and cases of public enterprises

Which of the following describes the desired future position of the company?

  1. Vision statement

  2. Mission statement

  3. Planning statement

  4. Forecasting statement
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A vision statement is sometimes called a picture of your company in the future but it’s so much more than that. Your vision statement is your inspiration, the framework for all your strategic planning. 

It describes what you are trying to build and serves as a touchstone for your future actions. A vision statement may apply to an entire company or to a single division of that company.
Whether for all or part of an organization, the vision statement answers the question, "Where do we want to go?"

Multiple choice organization of commerce and management nature and significance of management 21st century modern management features of management coordination and management in the twenty - first century

Coordination is sometimes considered a separate function of management.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Coordination is often described as the 'essence of management' rather than a separate function, but it is frequently treated as a distinct function in many management textbooks.

Multiple choice organization of commerce and management nature and significance of management 21st century modern management features of management coordination and management in the twenty - first century

The process of coordinating the activities of an organisation begins at the planning stage.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Coordination is the essence of management and is required at every stage of the management process. It begins at the planning stage, where objectives are set, and continues through organizing, staffing, directing, and controlling.

Multiple choice organization of commerce and management nature and significance of management 21st century modern management features of management coordination and management in the twenty - first century

A manager has to coordinate the efforts of different people in a conscious and deliberate manner.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Coordination is not an accidental or automatic process; it must be consciously and deliberately performed by managers to ensure that individual and group efforts are aligned.

Multiple choice organization of commerce and management nature and significance of management 21st century modern management features of management coordination and management in the twenty - first century

The process by which a manager synchronizes the activities of different departments is known as ______________.

  1. planning

  2. control

  3. co-ordination

  4. organising
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The process of synchronizing the activities of different departments to ensure they work together effectively is the definition of coordination.