Classical

June 2015 - Paper 3

21:  

Statement - (I)

: Management is the art of knowing what you want to do and      then seeing that it is done in the best and the cheapest way.

Statement - (II)

: Management is the process of planning and regulating the  activities of an enterprise.

 

A.

Statement (I) is correct, but (II) is incorrect

B.

Statement (II) is correct, but (I) is incorrect

C.

Both the statements (I) and (II) are incorrect

D.

Both the statements (I) and (II) are correct

 
 

Option: D

Explanation :


22:  

Assertion - (A) :

No business runs itself, even on momentum . . . . . every business needs repeated stimulus.

Reasoning - (R) :

The management is the dynamic, life giving element in every business, without its leadership, the resources of production remain as resources and never become production

 

A.

Assertion (A) and Reasoning (R), both are correct, and (R) is the correct explanation of (A).

B.

Assertion (A) and Reasoning (R), both are correct, but (R) is not the correct explanation of (A).

C.

Assertion (A) is correct, but Reasoning (R) is incorrect.

D.

Reasoning (R) is correct, but Assertion (A) is incorrect.

 
 

Option: A

Explanation :


23:  

Match the items of List - I with List - II :

List – I

List – II

(a) Credit Mobilier

(i) Charles Babbage

(b) Charleton Twist Company

(ii) Henry Fayol

(c) Difference Engine

(iii) Claud Henri Saint Simon

(d) Commentry Four Chambault

(iv) Robert Owen

Codes:

 

 

A.

(iii) (iv) (i) (ii)

B.

(iii) (i) (iv) (ii)

C.

(i) (iii) (iv) (ii)

D.

(ii) (i) (iv) (iii)

 
 

Option: A

Explanation :


24:  

Find out the correct combination of statements with regards to business ethics :

(a) Business ethics is the behavior that a business adheres to in its daily dealings.

(b) The ethics of a particular business can be diverse.

(c) Business ethics has normative and descriptive dimensions.

A.

Only (a) and (b)

B.

Only (a) and (c)

C.

Only (b) and (c)

D.

All (a), (b) and (c)

 
 

Option: D

Explanation :


25:  

Which one of the following is not correct about business ethics ?

A.

Business ethics reflects the philosophy of business.

B.

Business ethics is a form of applied ethics.

C.

Business ethics are governed by the Government Policies.

D.

Ethics are the standards which govern decisions on daily basis.

 
 

Option: C

Explanation :




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