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Management Principles, Business Firm Production & Globalization – Complete Exam Question Bank with 3000+ MCQs & Answers for Diploma/Engineering/B.Com

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Ace your management exams with this ultimate question bank, featuring over 3,000 multiple-choice questions that cover every critical topic in business management, firm production, and globalization. This resource is a goldmine for students pursuing diplomas in engineering, B.Com, or any business-related course. It is meticulously organized to test your knowledge on a vast range of subjects including the nature of business, forms of business ownership (proprietorship, partnership, joint-stock companies), management theories (Scientific Management by Taylor, Principles by Fayol), organizational structures (line, functional, line and staff), financial management (fixed vs. working capital, budgets, taxation), production and material management (MRP, ERP, EOQ, ABC Analysis, Inventory Management), and the impact of globalization (LPG policy, WTO, GATT). Additionally, it covers crucial areas like quality management (TQM, Six Sigma, Kaizen, 5S, ISO 9001), industrial acts (Factory Act, Workmen's Compensation), safety management, and human resource concepts (Maslow's hierarchy, motivation, leadership). Each question is presented in a clear, easy-to-read format, making it perfect for self-assessment, quick revision, and identifying weak areas. Prepare with confidence and secure top grades by mastering the principles of effective management and business operations.

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1



MANAGEMENT ON BUSINESS FIRM
PRODUCTION AND GLOBALISATION
QUESTIONS AND ANSWERS



1. Business firm Produce and supply wide varieties of goods and _
required by the society.

A) Money
B) Services
C) Entities
D) Social Service

2. The year 1991 is famous for.

A) New Fiscal deficit policy
B) IT parks initiated in Bangalore
C) Globalization policy, liberalization was accepted by India
D) Policies of cooperative societies changed

3. The primary sector includes all of the following except.

A) Forestry
B) Manufacturing
C) Mining
D) Agriculture

4. product comes under petrochemical industry.

A) Vehicles
B) Plastic
C) Wood
D) Paper

5. Management causes.

A) Miss-communication
B) Wastage of resources
C) Miss-coordination
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D) None of the above

6. Skill is needed at the top level management.




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A) Technical
B) Conceptual and technical
C) Conceptual
D) Conceptual, Technical and human

7. is recruitment of right people at right place in an organization.

A) Planning
B) Organizing
C) Staffing
D) Controlling

8. Policy making in an industry is a role of

A) Management
B) Administration
C) Public
D) Workers

9. Scientific management works on

A) Research and experimentation
B) Trial and error
C) More attention on production only
D) Tradition management theory

10. What is Espirit De Corps ?

A) It is a function of management
B) It is a principle of management
C) It is management concept in Russia
D) It is a name of company

11. The process of monitoring, comparing and correcting is called

A) Coordinating
B) Controlling
C) Leading
D) Organizing

12. A joint venture can be defined as

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A) Two firms collaborate with each other on a specific project
B) One firm licenses its intellectual property to another firm
C) Two firm merge together
D) Two firm come together to form a third, legally seperate firm





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