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11.

Which one of the following is an example of indirect tax?

A.	Corporation tax	B.	Wealth tax
C.	Income tax	D.	Sales tax

12.

The incidence of tax refers to:

A.	The effect produced by the tax	B.	The rate of taxation
C.	One who bears the ultimate money burden of the tax	D.	One who is immediately responsible to pay the tax

13.

Who is generally regarded as the father of modern management?

A.	F.W.Taylor	B.	Henry Fayol
C.	James D.Mooney	D.	Alan C. Reiley

14.

The term Managerical Rovolution refers to the prediction that with the expansion in size of business units, world affairs will eventually be in the hands of a few powerful managers. Who made use of this term?

A.	J.Burnham	B.	F.W.Taylor
C.	Alfred Marshall	D.	J.K.Galbraith

15.

The principle of scientific management implies:

A.	Replacement of rules of thumb by scientific principles of management	B.	Managing business in a scientific way
C.	Use of science in business	D.	Human approach to management

16.

Objectives in the context of management may be defined as:

A.	Laying down targets to be achieved over a period of time	B.	The end result, which an organisation tries to attain
C.	The purpose for the organization's survival	D.	Parameters for unified planning

17.

The two key factors in 'management by objectives' are:

A.	Performance evaluation and objectives	B.	Democratic goal-setting and verifiable objectives
C.	Systems approach and long-range planning	D.	Short-run goods and flexibility

18.

An informal organisation is one where:

A.	There is no division of work	B.	Jobs of individuals are not precisely defined
C.	The structure is not prescribed by formal authority	D.	There are no fixed hours of work

19.

The first level of needs in Maslow's 'need hierarchy is:

A.	Social needs	B.	Security needs
C.	Physiological needs	D.	Esteem needs

20.

Planning and control are related in such a way that:

A.	Planning precedes control	B.	Control precedes planning
C.	Both are concurrent	D.	Both go hand-in-hand with each other in a cyclical manner