Business and Commerce mcqs

✅ The correct answer is A.
Formal organization is created for technological purpose. The formal organization is basically goal-oriented entity that exist to accurate the efforts of individuals and it refers to the structure of jobs and positions with clearly defined functions, responsibilities and authorities.

✅ The correct answer is D.
The management of the company is entrusted to Board of Directors. A “Managing Director” means a Director who, by virtue of Articles of Association of a Company or an agreement with the company or a resolution passed in its general meeting, or by its Board of Directors, is entrusted with substantial powers of management of affairs of the company.

✅ The correct answer is D.
Debentures proves a burden on finances of the company, when company is not earning profits. Debenture put a permanent burden on the earnings of a company. Therefore, there is a greater risk when the earnings of the company fluctuate.

✅ The correct answer is A.
Co-operative farming societies are voluntary associations of farmers framed to reap me benefits of large scale farming an scientific lines.

✅ The correct answer is C.
Filing is an important aspect of house-keeping. Housekeeping is crucial to safe workplaces.

✅ The correct answer is A.
Site refers to a smaller area. It is a point or an area on the Earth’s surface or elsewhere.

✅ The correct answer is A.
The debentures are not given any security on assets are called as Unsecured debentures. Unsecured debenture does not carry any charge or security on the assets of the company.

✅ The correct answer is A.
The building used by the professional is called Quiet office.

✅ The correct answer is C.
The industry which is concerned with the breeding of plants or animals, which are used in reproduction is termed as Genetic Industry. Genetic industries are concerned mainly with producing – breeding or multiplying of certain species of plants or animals with the object of earning profits from their sale.

✅ The correct answer is B.
Fish culture should be classified as genetic industry. Genetic industries are concerned mainly with producing – breeding or multiplying of certain species of plants or animals with the object of earning profits from their sale.