Management Sciences MCQs
These Management Sciences MCQs are for public service commission exams and BBA, and MBA students to prepare for their examinations. All MCQs are prepared after having a look at past papers of public service commission examinations held from time to time. These Management Science questions are very important for all types of tests conducted by FPSC, NTS, KPPSC, PPSC, SPSC, BPSC, OTS, UTS, PTS, CTS, ATS, STS, ETEA, and other testing agencies of Pakistan.
Debts which are payable in the course of a month are called _____________?
A: External liabilities
B: Fixed liabilities
C: Current liabilities
D: Liquid Liabilities
Current liabilities
The excess of current assets over current liabilities is called:
A: Working Capital
B: Circulating capital
C: Fixed capital
D: Trading capital
Working Capital
When goods, in which business deals are sold, it is called___________?
A: Purchases
B: Return inward
C: Sales
D: Return outwards
Sales
Sales return is also known as____________?
A: Return received
B: Return Payed
C: Return inward
D: Return outward (more¦)
Return inward
Cash brought by the owner to start business is called__________?
A: Capital
B: Loan
C: Drawing
D: None of these
Capital
The concession received on the price of defective goods is called:
A: Discount
B: Cash discount
C: Allowance
D: Trading discount
Allowance
In support of business transaction, any written evidence is called ___________?
A: Discount
B: Voucher
C: Allowance
D: Price
Voucher
Building and furniture are called ____________?
A: Current asset
B: Fictitious asset
C: Tangible asset
D: Fixed assets
Fixed assets
Cash discount is provided on _______________?
A: Purchases
B: Prompt payment
C: Sales
D: Sales return
Prompt payment