MANAGEMENT- PAGE 1
MANAGEMENT MCQs
1. The term Opportunity Cost refers to
(A) Variable Cost
(B) Short-run cost
(C) The cost forgone in favour of production of another product
(D) Cost related to an optimum level of production
Ans: C
2. If two commodities are complementary, then a rise in the price of one commodity will induce
(A) A rise in the price of the other commodity
(B) An upward shift of demand curve
(C) No shift in demand for the other commodity
(D) A backward shift in demand for the other commodity
Ans: D
3. What is the characteristic of a purely competitive market?
(A) Large number of buyers and sellers
(B) A few sellers
(C) A few buyers
(D) Abnormal profit
Ans: A
4. Willingness to pay minus actual payment is called
(A) Consumer’s surplus
(B) Producer’s surplus
(C) Utility cost
(D) Supplier’s surplus
Ans: A
5. Match List – I with List – II and select the correct answer using the codes given below the lists:
List – I List – II
a. Cost Function 1. Kinky Demand Curve
b. Supply Function 2. Isoquants
c. Production Function 3. Engineering Method
d. Oligopoly 4. Factor Prices
Codes:
a b c d
(A) 3 4 2 1
(B) 4 3 1 2
(C) 3 2 1 4
(D) 1 2 3 4
Ans: A
6. When analysing your business and its environment, it is useful to carefully inspect
(A) Threats
(B) Opportunities
(C) Strengths and weaknesses
(D) All of the above
Ans: D
7. Which of the following is an example of an external threat?
(A) Decreased competition
(B) New Trade Regulations
(C) Global Sales Potential
(D) Economies of Scale
Ans: B
8. Expectancy Theory of Motivation was propounded by
(A) Porter and Lawler
(B) McGregor
(C) Vroom
(D) J. Stacy Adams
Ans: C
9. Which one of the following is not a step in planning?
(A) Establishing objectives
(B) Developing premises
(C) Determining alternative courses
(D) Identifying needs of employees
Ans: D
10. Planning is looking ahead and control is
(A) Scanning environment
(B) Looking back
(C) Setting targets
(D) Defining objectives
Ans: B
11. Human Resource Management (HRM) is a part of the broad Human Resource Development (HRD) System, as this focus to
(A) Selection, Induction, Training and Development
(B) Operational and Organisational Options
(C) (A) and (B) above
(D) None of the above
Ans: C
12. Performance Appraisal is a double edged tool to
(A) Create space for the employee to organisationally survive.
(B) Offering challenges for promotion.
(C) Accompanying the course of Demotion.
(D) All of the above.
Ans: D
13. Wage determination is mostly done through tools which are
(A) Objective
(B) Subjective
(C) Both of (A) & (B)
(D) None of these
Ans: C
14. Job Evaluation criterion comes from
(A) Job manual
(B) Job description
(C) Job specification
(D) Job duration
Ans: C
15. Exit Policy primarily emphasises in the broad sense, for policy makers as
(A) Removing employees
(B) Down sizing
(C) Retiring people and rehabilitating them
(D) Bringing new blood to the Corporate
Ans: C
16. The goal of financial management is to
(A) Maximise the wealth of Preference Shareholders
(B) Maximise the wealth of Debenture holders
(C) Maximise the wealth of Equity shareholders
(D) All of the above
Ans: C
17. The Internal Rate of Return (IRR) is determined where
(A) The Net Present Value is positive
(B) The Net Present Value is negative
(C) The Net Present Value is zero
(D) None of the above
Ans: C
18. The Tax shield would result in
i. increase in tax liability
ii. Increase in EPS
iii. Decrease in EPS
iv. Decrease in tax liability
Codes:
(A) (ii) and (iv)
(B) (i) and (iii)
(C) (i) and (iv)
(D) (iii) and (iv)
Ans: A
19. Which of the following is a main method of issue of stocks?
(A) Vendor placing
(B) Public issue through Prospectus
(C) Private placements
(D) None of the above
Ans: B
20. The Capital Asset Pricing Model (CAPM) establishes the relationship between
(A) Risk and EPS
(B) Risk and value of the firm
(C) Risk and the required rate of return
(D) None of the above
Ans: C
21. ‘Marketing is a human activity directed at satisfying needs and wants through Exchange process’; is the statement of
(A) Cundiff ad still
(B) Kenneth Andrews
(C) Philip Kotler
(D) Kishwar S. Kan
Ans: C
22. Promotion mix includes
(A) Advertising, publicity, personal selling and sales promotion
(B) Physical attributes, brand, package and product life cycle
(C) Brand name, product benefits, delivery and credit
(D) Transportation, material handling, packaging and customer service
Ans: A
23. Which of the following is not the stage of product life cycle?
(A) Introduction
(B) Growth
(C) Market segmentation
(D) Decline
Ans: C
24. Which is the basic form of Innovation?
(A) Introduction of novel production process
(B) Improvement and development of existing process
(C) Improvement and development of existing firm
(D) All of the above
Ans: D
25. The scientific system of collecting and analysis of data pertaining to market is known as
(A) Production Research
(B) Advertising Research
(C) Marketing Research
(D) None of the above
Ans: C
26. Which one of the following is not the function of Production Management?
(A) Production, Planning and Control
(B) Procurement of Raw Materials
(C) Market Intelligence and Survey
(D) Plant Location and Layout
Ans: C
27. Time study refers to
(A) Developing a standard time to do a particular task
(B) Improving work methods
(C) Value analysis
(D) Value engineering
Ans: A
28. Acceptance Quality level is
(A) Maximum number of defectives that the consumers will accept
(B) Fraction defective(s) that the consumer considers acceptable
(C) Fraction defective(s) that the producer considers acceptable
(D) Maximum number of defectives that the producer will allow
Ans: B
29. In a transportation problem involving 10 origins and 5 destinations, the number of constraints representing origin capacity and destination requirements is equal to
(A) 50
(B) 49
(C) 15
(D) 14
Ans: C
30. The critical path of a network is
(A) For which earliest start time and latest start time are same
(B) The shortest time path through a network
(C) For which earliest finish time and latest finish time are same
(D) The longest time path through a network
Ans: B
31. If a person buys one ticket of a State lottery, then the probability that he wins a price is 0.11. If a person buys one ticket each month for five months, what is the probability that he will win least one price?
(A) 0.55
(B) 0.50
(C) 0.44
(D) 0.56
Ans: C
32. The standard error of the mean of a random sample of size two or more.
(A) Always exceeds the population standard deviation.
(B) Either exceeds or equals the population standard deviation.
(C) is always lower than the population standard deviation
(D) is always equal to the population standard deviation.
Ans: C
33. A store manager is trying to explore the relationship between percentage fat content (Y) and price (X) of various dairy products. He finds that the coefficient of determination is 0.4624 and the estimated regression line is Y = 0.5 – 0.02 X. The coefficient of correlation would be
(A) 0.68
(B) – 0.68
(C) – 0.02
(D) 0.4624
Ans: B
34. Which of the following statement on testing of hypothesis is always true?
(A) When the null hypothesis is rejected at 5%, it is always rejected at 1% level of significance.
(B) When the null hypothesis is rejected at 1%, it is also rejected at 5% level of significance.
(C) When the null hypothesis is not rejected at 1%, it is rejected at 5% level of significance.
(D) No definite assertion can be made.
Ans: B
35. Which of the following devices would be considered a typical sequential access medium?
(A) Magnetic Hard Disk
(B) Magnetic Floppy Disk
(C) Magnetic Tape
(D) CD ROM
Ans: C
36. What describes the market, product and technological areas of business?
(A) BCG Matrix
(B) GE Nine Cell Matrix
(C) 7’s framework
(D) Company’s Mission
Ans: D
37. Name the factors taken into consideration in Internal Analysis
(A) Firm Resources
(B) Objective, plans and policies of the firm
(C) The type of business involved
(D) All of the above
Ans: D
38. Diversification is to a new business area that has no obvious connection with any of the company’s existing areas refer to
(A) Forward integration
(B) Backward integration
(C) Conglomerate diversification
(D) Concentric diversification
Ans: D
39. Which business unit generates substantial cash surplus due to low industry growth rate and high profit share?
(A) Dog
(B) Cash cow
(C) Question mark
(D) Star
Ans: B
40. Who plays an important role in the success of products and services and in increasing the marketing share of the firm in business?
(A) Functional level Managers
(B) Corporate level Managers
(C) Business level Managers
(D) All of the above
Ans: D
41. Entrepreneurship as a theory of business was propounded by
(A) Douglas McGregor
(B) Thomas A. Coleman
(C) Joseph A. Schumpeter
(D) Adam Smith
Ans: C
42. Policies related to Revival of Sick Units are framed by
(A) IIFT
(B) CSIR
(C) SEBI
(D) MSME
Ans: D
43. The book ‘Innovation and Entrepreneurship’ is written by
(A) Harold Koontz
(B) Blake and Mouton
(C) Peter F. Drucker
(D) None of the above
Ans: C
44. State Financial Corporation Act encourages in
(A) Establishing Industrial Estates
(B) Establishing small and medium size industries
(C) Establishing Agricultural Farms
(D) All of the above
Ans: B
45. Name the Author of Equity Theory of Motivation.
(A) Blake & Mouton
(B) Strube & Garcia
(C) Stancy Adams
(D) Albert Bandura
Ans: C
46. Anything dealing with Ethics in Business is
(A) Good, bad or both, to the business gains
(B) Not related to religion
(C) Not to focus obligation
(D) Killing all types of Unfair Trade Practices
Ans: A
47. Ethics provide
(A) Consumer Autonomy
(B) CSR
(C) Justice
(D) All of the above
Ans: D
48. Company seeking ethical standard must purport to
(A) Good Employee Relation
(B) Better Production Portfolio
(C) Economy of Scale
(D) Public Disclosure and Publishing
Ans: D
49. Which of the following is not the act of Corporate Governance?
(A) Protecting the interest of shareholders
(B) Protecting the interest of employees
(C) Fudging of Accounts
(D) Paying Taxes to the Government
Ans: C
50. Corporate Social Responsibility (CSR) is looked as the organised network of making long economic and social relationship of the corporate with the society. But a business of which type, as mentioned below, cannot afford for it, at the first instance?
(A) Large Business
(B) Medium Business
(C) Small Business
(D) A Business Start-up
Ans: D
(A) Variable Cost
(B) Short-run cost
(C) The cost forgone in favour of production of another product
(D) Cost related to an optimum level of production
Ans: C
2. If two commodities are complementary, then a rise in the price of one commodity will induce
(A) A rise in the price of the other commodity
(B) An upward shift of demand curve
(C) No shift in demand for the other commodity
(D) A backward shift in demand for the other commodity
Ans: D
3. What is the characteristic of a purely competitive market?
(A) Large number of buyers and sellers
(B) A few sellers
(C) A few buyers
(D) Abnormal profit
Ans: A
4. Willingness to pay minus actual payment is called
(A) Consumer’s surplus
(B) Producer’s surplus
(C) Utility cost
(D) Supplier’s surplus
Ans: A
5. Match List – I with List – II and select the correct answer using the codes given below the lists:
List – I List – II
a. Cost Function 1. Kinky Demand Curve
b. Supply Function 2. Isoquants
c. Production Function 3. Engineering Method
d. Oligopoly 4. Factor Prices
Codes:
a b c d
(A) 3 4 2 1
(B) 4 3 1 2
(C) 3 2 1 4
(D) 1 2 3 4
Ans: A
6. When analysing your business and its environment, it is useful to carefully inspect
(A) Threats
(B) Opportunities
(C) Strengths and weaknesses
(D) All of the above
Ans: D
7. Which of the following is an example of an external threat?
(A) Decreased competition
(B) New Trade Regulations
(C) Global Sales Potential
(D) Economies of Scale
Ans: B
8. Expectancy Theory of Motivation was propounded by
(A) Porter and Lawler
(B) McGregor
(C) Vroom
(D) J. Stacy Adams
Ans: C
9. Which one of the following is not a step in planning?
(A) Establishing objectives
(B) Developing premises
(C) Determining alternative courses
(D) Identifying needs of employees
Ans: D
10. Planning is looking ahead and control is
(A) Scanning environment
(B) Looking back
(C) Setting targets
(D) Defining objectives
Ans: B
11. Human Resource Management (HRM) is a part of the broad Human Resource Development (HRD) System, as this focus to
(A) Selection, Induction, Training and Development
(B) Operational and Organisational Options
(C) (A) and (B) above
(D) None of the above
Ans: C
12. Performance Appraisal is a double edged tool to
(A) Create space for the employee to organisationally survive.
(B) Offering challenges for promotion.
(C) Accompanying the course of Demotion.
(D) All of the above.
Ans: D
13. Wage determination is mostly done through tools which are
(A) Objective
(B) Subjective
(C) Both of (A) & (B)
(D) None of these
Ans: C
14. Job Evaluation criterion comes from
(A) Job manual
(B) Job description
(C) Job specification
(D) Job duration
Ans: C
15. Exit Policy primarily emphasises in the broad sense, for policy makers as
(A) Removing employees
(B) Down sizing
(C) Retiring people and rehabilitating them
(D) Bringing new blood to the Corporate
Ans: C
16. The goal of financial management is to
(A) Maximise the wealth of Preference Shareholders
(B) Maximise the wealth of Debenture holders
(C) Maximise the wealth of Equity shareholders
(D) All of the above
Ans: C
17. The Internal Rate of Return (IRR) is determined where
(A) The Net Present Value is positive
(B) The Net Present Value is negative
(C) The Net Present Value is zero
(D) None of the above
Ans: C
18. The Tax shield would result in
i. increase in tax liability
ii. Increase in EPS
iii. Decrease in EPS
iv. Decrease in tax liability
Codes:
(A) (ii) and (iv)
(B) (i) and (iii)
(C) (i) and (iv)
(D) (iii) and (iv)
Ans: A
19. Which of the following is a main method of issue of stocks?
(A) Vendor placing
(B) Public issue through Prospectus
(C) Private placements
(D) None of the above
Ans: B
20. The Capital Asset Pricing Model (CAPM) establishes the relationship between
(A) Risk and EPS
(B) Risk and value of the firm
(C) Risk and the required rate of return
(D) None of the above
Ans: C
21. ‘Marketing is a human activity directed at satisfying needs and wants through Exchange process’; is the statement of
(A) Cundiff ad still
(B) Kenneth Andrews
(C) Philip Kotler
(D) Kishwar S. Kan
Ans: C
22. Promotion mix includes
(A) Advertising, publicity, personal selling and sales promotion
(B) Physical attributes, brand, package and product life cycle
(C) Brand name, product benefits, delivery and credit
(D) Transportation, material handling, packaging and customer service
Ans: A
23. Which of the following is not the stage of product life cycle?
(A) Introduction
(B) Growth
(C) Market segmentation
(D) Decline
Ans: C
24. Which is the basic form of Innovation?
(A) Introduction of novel production process
(B) Improvement and development of existing process
(C) Improvement and development of existing firm
(D) All of the above
Ans: D
25. The scientific system of collecting and analysis of data pertaining to market is known as
(A) Production Research
(B) Advertising Research
(C) Marketing Research
(D) None of the above
Ans: C
26. Which one of the following is not the function of Production Management?
(A) Production, Planning and Control
(B) Procurement of Raw Materials
(C) Market Intelligence and Survey
(D) Plant Location and Layout
Ans: C
27. Time study refers to
(A) Developing a standard time to do a particular task
(B) Improving work methods
(C) Value analysis
(D) Value engineering
Ans: A
28. Acceptance Quality level is
(A) Maximum number of defectives that the consumers will accept
(B) Fraction defective(s) that the consumer considers acceptable
(C) Fraction defective(s) that the producer considers acceptable
(D) Maximum number of defectives that the producer will allow
Ans: B
29. In a transportation problem involving 10 origins and 5 destinations, the number of constraints representing origin capacity and destination requirements is equal to
(A) 50
(B) 49
(C) 15
(D) 14
Ans: C
30. The critical path of a network is
(A) For which earliest start time and latest start time are same
(B) The shortest time path through a network
(C) For which earliest finish time and latest finish time are same
(D) The longest time path through a network
Ans: B
31. If a person buys one ticket of a State lottery, then the probability that he wins a price is 0.11. If a person buys one ticket each month for five months, what is the probability that he will win least one price?
(A) 0.55
(B) 0.50
(C) 0.44
(D) 0.56
Ans: C
32. The standard error of the mean of a random sample of size two or more.
(A) Always exceeds the population standard deviation.
(B) Either exceeds or equals the population standard deviation.
(C) is always lower than the population standard deviation
(D) is always equal to the population standard deviation.
Ans: C
33. A store manager is trying to explore the relationship between percentage fat content (Y) and price (X) of various dairy products. He finds that the coefficient of determination is 0.4624 and the estimated regression line is Y = 0.5 – 0.02 X. The coefficient of correlation would be
(A) 0.68
(B) – 0.68
(C) – 0.02
(D) 0.4624
Ans: B
34. Which of the following statement on testing of hypothesis is always true?
(A) When the null hypothesis is rejected at 5%, it is always rejected at 1% level of significance.
(B) When the null hypothesis is rejected at 1%, it is also rejected at 5% level of significance.
(C) When the null hypothesis is not rejected at 1%, it is rejected at 5% level of significance.
(D) No definite assertion can be made.
Ans: B
35. Which of the following devices would be considered a typical sequential access medium?
(A) Magnetic Hard Disk
(B) Magnetic Floppy Disk
(C) Magnetic Tape
(D) CD ROM
Ans: C
36. What describes the market, product and technological areas of business?
(A) BCG Matrix
(B) GE Nine Cell Matrix
(C) 7’s framework
(D) Company’s Mission
Ans: D
37. Name the factors taken into consideration in Internal Analysis
(A) Firm Resources
(B) Objective, plans and policies of the firm
(C) The type of business involved
(D) All of the above
Ans: D
38. Diversification is to a new business area that has no obvious connection with any of the company’s existing areas refer to
(A) Forward integration
(B) Backward integration
(C) Conglomerate diversification
(D) Concentric diversification
Ans: D
39. Which business unit generates substantial cash surplus due to low industry growth rate and high profit share?
(A) Dog
(B) Cash cow
(C) Question mark
(D) Star
Ans: B
40. Who plays an important role in the success of products and services and in increasing the marketing share of the firm in business?
(A) Functional level Managers
(B) Corporate level Managers
(C) Business level Managers
(D) All of the above
Ans: D
41. Entrepreneurship as a theory of business was propounded by
(A) Douglas McGregor
(B) Thomas A. Coleman
(C) Joseph A. Schumpeter
(D) Adam Smith
Ans: C
42. Policies related to Revival of Sick Units are framed by
(A) IIFT
(B) CSIR
(C) SEBI
(D) MSME
Ans: D
43. The book ‘Innovation and Entrepreneurship’ is written by
(A) Harold Koontz
(B) Blake and Mouton
(C) Peter F. Drucker
(D) None of the above
Ans: C
44. State Financial Corporation Act encourages in
(A) Establishing Industrial Estates
(B) Establishing small and medium size industries
(C) Establishing Agricultural Farms
(D) All of the above
Ans: B
45. Name the Author of Equity Theory of Motivation.
(A) Blake & Mouton
(B) Strube & Garcia
(C) Stancy Adams
(D) Albert Bandura
Ans: C
46. Anything dealing with Ethics in Business is
(A) Good, bad or both, to the business gains
(B) Not related to religion
(C) Not to focus obligation
(D) Killing all types of Unfair Trade Practices
Ans: A
47. Ethics provide
(A) Consumer Autonomy
(B) CSR
(C) Justice
(D) All of the above
Ans: D
48. Company seeking ethical standard must purport to
(A) Good Employee Relation
(B) Better Production Portfolio
(C) Economy of Scale
(D) Public Disclosure and Publishing
Ans: D
49. Which of the following is not the act of Corporate Governance?
(A) Protecting the interest of shareholders
(B) Protecting the interest of employees
(C) Fudging of Accounts
(D) Paying Taxes to the Government
Ans: C
50. Corporate Social Responsibility (CSR) is looked as the organised network of making long economic and social relationship of the corporate with the society. But a business of which type, as mentioned below, cannot afford for it, at the first instance?
(A) Large Business
(B) Medium Business
(C) Small Business
(D) A Business Start-up
Ans: D
51. In which stage of new product development process, the product and marketing programs are tested in realistic market settings?
(A) Concept Development and Testing
(B) Idea Screening
(C) Test Marketing
(D) Commercialization
Ans: C
52. The problem of industrial discipline was debated by the Indian Labour Conference (ILC) held in India in
(A) 1948
(B) 1952
(C) 1957
(D) 1960
Ans: C
53. The Branding strategy which uses a different brand name for each product is known as
(A) Overall Family Branding
(B) Line Family Branding
(C) Individual Branding
(D) Brand Extension
Ans: C
54. The two factor theory was propounded by
(A) Frederick Herzberg
(B) A.H. Maslow
(C) McGregor
(D) Elton Mayo
Ans: A
55. Match the following
a. Percentage change in quantity demanded to percentage change in price.
b. Percentage change in demand to percentage change in the price of some other commodity.
c. Homogeneous products
d. Relationship between quantity of the product demanded and factors that affect the quantity.
1. Perfect competition
2. Market demand
3. Price elasticity
4. Cross elasticity
Codes:
a b c d
(A) 3 4 1 2
(B) 4 3 1 2
(C) 3 2 1 4
(D) 4 2 1 3
Ans: A
56. F.W. Taylor has done the following studies for improving the production process:
(A) Time Study, Fatigue Study and Fatal Study.
(B) Time Study, Motion Study and Fatal Study.
(C) Time Study, Motion Study and Fatigue Study.
(D) Time Study, Motivation Study and Fatigue Study.
Ans: C
57. Which one is not the overseas market entry strategy followed by Multinational Corporations?
(A) Franchise
(B) Collaborations
(C) Joint venture
(D) Strategic planning
Ans: D
58. Benefits provided for temporary and permanent disability disfigurement, medical expenses and medical rehabilitation is referred to as
(A) Fringe benefits
(B) Financial incentives
(C) Workers’ compensation
(D) None of the above
Ans: C
59. Today’s organizations are working on the principle of
(A) Production-orientation
(B) Product-orientation
(C) Selling-orientation
(D) consumer-orientation
Ans: D
60. Identify the correct sequence of control cycle:
(A) Feedback -> Evaluation -> Adjustment -> Action.
(B) Action -> Evaluation -> Feedback -> Adjustment.
(C) Action -> Feedback -> Evaluation -> Adjustment.
(D) Adjustment -> Action -> Feedback -> Evaluation.
Ans: C
61. Negotiation of labour contract by Union and Management is referred to as
(A) Industrial Relations
(B) Trade Union
(C) Consumerism
(D) Collective Bargaining
Ans: D
62. Goods used by an organization in producing other goods is called
(A) Consumer goods
(B) Industrial goods
(C) Speciality goods
(D) None of the above
Ans: B
63. The outside third party who is brought into settle a dispute, and he or she has the authority to make a decision is called
(A) Government
(B) An Arbitrator
(C) Union
(D) Legal Expert
Ans: B
64. Marketing information system gathers information from internal sources like marketing intelligence and marketing research to help the manager in
(A) Assessing the information needs.
(B) Developing the needed information.
(C) Distributing the information.
(D) All of the above.
Ans: D
65. In which year WTO came into being?
(A) 1980
(B) 2000
(C) 2006
(D) 1995
Ans: D
66. One-level channel consists of
(A) Producer-consumer
(B) Producer-dealer-consumer
(C) Producer-dealer-retailerconsumer
(D) Producer-dealer-wholesaler retailer- consumer
Ans: B
67. Batch production is appropriately applicable to
(A) Medicine production
(B) Sugar production
(C) Petroleum products
(D) Agriculture produce
Ans: A
68. Match the following:
a. Harry Markowitz 1. Dividend Theory
b. David Durand 2. CAPM
c. Dow 3. Capital structure
d. M.J. Gordon 4. Technical Analysis
Codes:
a b c d
(A) 4 3 2 1
(B) 2 3 4 1
(C) 2 1 3 4
(D) 3 2 4 1
Ans: B
69. Which one of the following is not a basic element in the Strategic Management?
(A) Environmental scanning
(B) Strategy formulation
(C) Strategy implementation
(D) Functional strategy
Ans: D
70. A written statement of the human qualification, education and experience needed to perform a job is referred to as
(A) Job enrichment
(B) Job specification
(C) Job design
(D) Job description
Ans: C
71. Changes in the population characteristics such as age, gender, marital status, income and education are the examples of
(A) Demographic characteristics
(B) Cultural characteristics
(C) Geographic characteristics
(D) None of the above
Ans: A
72. ESI Act applies to
(A) Railways and Mines Industries
(B) Seasonal Factory Workers
(C) Cement Industries
(D) None of the above
Ans: B
73. Porter and Lawler model is related to
(A) Perception
(B) Attitudes
(C) Motivation
(D) Leadership
Ans: C
74. Which of the following is the best technique to manage the existing products?
(A) Ansoff matrix
(B) BCG matrix
(C) Mc Kinsey 7s Framework
(D) Five forces of competition
Ans: A
75. One of the acceptable methods for obtaining feedback of training is called
(A) Structured Interview
(B) Performance after Training
(C) Improvement after Training
(D) Employee Turnover Rate
Ans: A
76. Which of the following is not the type of Plant Layout?
(A) Product Layout
(B) Process Layout
(C) Fixed Position Layout
(D) Residential Layout
Ans: D
77. Which of the following factor is considered in the selection of a plant location?
(A) Source of Raw-materials
(B) Availability of water
(C) Marketing facilities
(D) All the above
Ans: D
78. Work measurement refers to
(A) The length of time it takes to complete a work task assigned to a specific job
(B) Improving work methods
(C) Arrangement of machines according to sequence of operations
(D) Planning the work and working the plans
Ans: A
79. The Graphical method can be used to solve
(A) A linear programming problem with all integer data base.
(B) A linear programming problem with two decision variables.
(C) Any linear programming problem.
(D) A transportation problem with two origins and two destinations.
Ans: B
80. If two dice are thrown, the probability that the sum of their points is greater than 10 is
(A) 1/9
(B) 1/12
(C) 1/3
(D) 1/18
Ans: B
81. A Binomial distribution is characterized as b (16, 0.5) i.e. sample size is 16 and the probability of success is 0.5. The mean and variance of this distribution will be respectively
(A) 8, 4
(B) 8, 8
(C) 4, 8
(D) 4, 4
Ans: A
82. Two variables are said to be perfectly negatively correlated if
(A) Covariance between them is positive
(B) Coefficient of correlation between them is –1
(C) Covariance between them is negative
(D) None of the above
Ans: B
83. Which type of sampling is appropriate when the population consists of well-defined groups such that the elements within each group are homogeneous and between each group they are heterogeneous?
(A) Cluster Sampling
(B) Simple Random Sampling
(C) Stratified Sampling
(D) Judgement Sampling
Ans: C
84. Which of the following is not a type of internet connection?
(A) ISDN
(B) Dial-up
(C) Leased-Line
(D) ISP
Ans: D
85. Match the following:
List – I List – II
(I) Poisson distribution has the property that 1. Its mean is greater than Variance
(II) Normal distribution is a 2. Symmetric distribution
(III) Chi-square distribution is 3. Positively skewed distribution
(IV) Binomial distribution has the property that 4. Its mean and variance are equal.
Codes:
(I) (II) (III) (IV)
(A) 4 2 1 3
(B) 4 2 3 1
(C) 1 2 3 4
(D) 2 4 3 1
Ans: B
86. WTO comes into being in the year
(A) 1975
(B) 1985
(C) 1995
(D) 2001
Ans: C
87. Which of the following is not Porter’s generic strategy?
(A) Focus
(B) Cost Leadership
(C) Differentiation
(D) Market segmentation
Ans: D
88. Globalization involves
(A) Free flow of technology from one country to another
(B) Free flow of investment from one country to the other
(C) Free flow of people from one country to the other
(D) All the above
Ans: D
89. Which is a short-term strategy for a firm?
(A) Corporate strategy
(B) Business strategy
(C) Company mission
(D) Functional strategy
Ans: D
90. Which is not a global entry strategy?
(A) Exporting
(B) Joint venture
(C) Merger and Acquisition
(D) Blue ocean strategy
Ans: D
91. Which one is not the characteristic feature of Entrepreneurship?
(A) Vision
(B) Risk Bearing
(C) Initiative and Drive
(D) Disloyalty
Ans: D
92. Which of the following organizations is meant for promoting small scale industries at district level?
(A) SIDBI
(B) DIC
(C) SFCs
(D) NABARD
Ans: B
93. The reason for sickness of small scale industry is
(A) Lack of capital
(B) Lack of market
(C) Severe competition
(D) All the above
Ans: D
94. The measure taken by Government to promote small scale industry.
(A) Provision of land
(B) Provision of marketing facilities
(C) Arrangement of credit and raw materials
(D) All the above
Ans: D
95. Small and medium enterprises are
(A) Labour intensive
(B) Capital intensive
(C) Market leader
(D) Industry price determiner
Ans: D
96. Business propositions are to be selected by making an analysis that, how much the local resources will be depleted in the commencement and the course of Business. This is known as
(A) Sensitivity Analysis
(B) Common Property Resource use
(C) Environmental Impact Assessment
(D) None of the above
Ans: A
97. Whistle-Blowers are
(A) To be removed from the jobs
(B) To be promoted
(C) To be rewarded for the organisational enrichment
(D) To be protected since they intend to bring out truth
Ans: D
98. Funding through Micro finance to Small and Micro Enterprises is not successful due to
(A) High rate of interest
(B) Out sourcing of method of providing Micro Finance
(C) (A) & (B)
(D) None of the above
Ans: C
99. “Work-Diversity” by nature, does not go against Ethics. But an executive assistant while getting transferred from “stores” to “dispatch” section created turmoil in the office. He is
(A) Most ethical in his deal
(B) Fully against work ethics
(C) He is workoholic
(D) A Rigid employer, hard nut to crack
Ans: B
100. Ethical Management is
(A) A Compromise
(B) A Compulsion
(C) A Judgement
(D) (A) and (B)
Ans: A
(A) Concept Development and Testing
(B) Idea Screening
(C) Test Marketing
(D) Commercialization
Ans: C
52. The problem of industrial discipline was debated by the Indian Labour Conference (ILC) held in India in
(A) 1948
(B) 1952
(C) 1957
(D) 1960
Ans: C
53. The Branding strategy which uses a different brand name for each product is known as
(A) Overall Family Branding
(B) Line Family Branding
(C) Individual Branding
(D) Brand Extension
Ans: C
54. The two factor theory was propounded by
(A) Frederick Herzberg
(B) A.H. Maslow
(C) McGregor
(D) Elton Mayo
Ans: A
55. Match the following
a. Percentage change in quantity demanded to percentage change in price.
b. Percentage change in demand to percentage change in the price of some other commodity.
c. Homogeneous products
d. Relationship between quantity of the product demanded and factors that affect the quantity.
1. Perfect competition
2. Market demand
3. Price elasticity
4. Cross elasticity
Codes:
a b c d
(A) 3 4 1 2
(B) 4 3 1 2
(C) 3 2 1 4
(D) 4 2 1 3
Ans: A
56. F.W. Taylor has done the following studies for improving the production process:
(A) Time Study, Fatigue Study and Fatal Study.
(B) Time Study, Motion Study and Fatal Study.
(C) Time Study, Motion Study and Fatigue Study.
(D) Time Study, Motivation Study and Fatigue Study.
Ans: C
57. Which one is not the overseas market entry strategy followed by Multinational Corporations?
(A) Franchise
(B) Collaborations
(C) Joint venture
(D) Strategic planning
Ans: D
58. Benefits provided for temporary and permanent disability disfigurement, medical expenses and medical rehabilitation is referred to as
(A) Fringe benefits
(B) Financial incentives
(C) Workers’ compensation
(D) None of the above
Ans: C
59. Today’s organizations are working on the principle of
(A) Production-orientation
(B) Product-orientation
(C) Selling-orientation
(D) consumer-orientation
Ans: D
60. Identify the correct sequence of control cycle:
(A) Feedback -> Evaluation -> Adjustment -> Action.
(B) Action -> Evaluation -> Feedback -> Adjustment.
(C) Action -> Feedback -> Evaluation -> Adjustment.
(D) Adjustment -> Action -> Feedback -> Evaluation.
Ans: C
61. Negotiation of labour contract by Union and Management is referred to as
(A) Industrial Relations
(B) Trade Union
(C) Consumerism
(D) Collective Bargaining
Ans: D
62. Goods used by an organization in producing other goods is called
(A) Consumer goods
(B) Industrial goods
(C) Speciality goods
(D) None of the above
Ans: B
63. The outside third party who is brought into settle a dispute, and he or she has the authority to make a decision is called
(A) Government
(B) An Arbitrator
(C) Union
(D) Legal Expert
Ans: B
64. Marketing information system gathers information from internal sources like marketing intelligence and marketing research to help the manager in
(A) Assessing the information needs.
(B) Developing the needed information.
(C) Distributing the information.
(D) All of the above.
Ans: D
65. In which year WTO came into being?
(A) 1980
(B) 2000
(C) 2006
(D) 1995
Ans: D
66. One-level channel consists of
(A) Producer-consumer
(B) Producer-dealer-consumer
(C) Producer-dealer-retailerconsumer
(D) Producer-dealer-wholesaler retailer- consumer
Ans: B
67. Batch production is appropriately applicable to
(A) Medicine production
(B) Sugar production
(C) Petroleum products
(D) Agriculture produce
Ans: A
68. Match the following:
a. Harry Markowitz 1. Dividend Theory
b. David Durand 2. CAPM
c. Dow 3. Capital structure
d. M.J. Gordon 4. Technical Analysis
Codes:
a b c d
(A) 4 3 2 1
(B) 2 3 4 1
(C) 2 1 3 4
(D) 3 2 4 1
Ans: B
69. Which one of the following is not a basic element in the Strategic Management?
(A) Environmental scanning
(B) Strategy formulation
(C) Strategy implementation
(D) Functional strategy
Ans: D
70. A written statement of the human qualification, education and experience needed to perform a job is referred to as
(A) Job enrichment
(B) Job specification
(C) Job design
(D) Job description
Ans: C
71. Changes in the population characteristics such as age, gender, marital status, income and education are the examples of
(A) Demographic characteristics
(B) Cultural characteristics
(C) Geographic characteristics
(D) None of the above
Ans: A
72. ESI Act applies to
(A) Railways and Mines Industries
(B) Seasonal Factory Workers
(C) Cement Industries
(D) None of the above
Ans: B
73. Porter and Lawler model is related to
(A) Perception
(B) Attitudes
(C) Motivation
(D) Leadership
Ans: C
74. Which of the following is the best technique to manage the existing products?
(A) Ansoff matrix
(B) BCG matrix
(C) Mc Kinsey 7s Framework
(D) Five forces of competition
Ans: A
75. One of the acceptable methods for obtaining feedback of training is called
(A) Structured Interview
(B) Performance after Training
(C) Improvement after Training
(D) Employee Turnover Rate
Ans: A
76. Which of the following is not the type of Plant Layout?
(A) Product Layout
(B) Process Layout
(C) Fixed Position Layout
(D) Residential Layout
Ans: D
77. Which of the following factor is considered in the selection of a plant location?
(A) Source of Raw-materials
(B) Availability of water
(C) Marketing facilities
(D) All the above
Ans: D
78. Work measurement refers to
(A) The length of time it takes to complete a work task assigned to a specific job
(B) Improving work methods
(C) Arrangement of machines according to sequence of operations
(D) Planning the work and working the plans
Ans: A
79. The Graphical method can be used to solve
(A) A linear programming problem with all integer data base.
(B) A linear programming problem with two decision variables.
(C) Any linear programming problem.
(D) A transportation problem with two origins and two destinations.
Ans: B
80. If two dice are thrown, the probability that the sum of their points is greater than 10 is
(A) 1/9
(B) 1/12
(C) 1/3
(D) 1/18
Ans: B
81. A Binomial distribution is characterized as b (16, 0.5) i.e. sample size is 16 and the probability of success is 0.5. The mean and variance of this distribution will be respectively
(A) 8, 4
(B) 8, 8
(C) 4, 8
(D) 4, 4
Ans: A
82. Two variables are said to be perfectly negatively correlated if
(A) Covariance between them is positive
(B) Coefficient of correlation between them is –1
(C) Covariance between them is negative
(D) None of the above
Ans: B
83. Which type of sampling is appropriate when the population consists of well-defined groups such that the elements within each group are homogeneous and between each group they are heterogeneous?
(A) Cluster Sampling
(B) Simple Random Sampling
(C) Stratified Sampling
(D) Judgement Sampling
Ans: C
84. Which of the following is not a type of internet connection?
(A) ISDN
(B) Dial-up
(C) Leased-Line
(D) ISP
Ans: D
85. Match the following:
List – I List – II
(I) Poisson distribution has the property that 1. Its mean is greater than Variance
(II) Normal distribution is a 2. Symmetric distribution
(III) Chi-square distribution is 3. Positively skewed distribution
(IV) Binomial distribution has the property that 4. Its mean and variance are equal.
Codes:
(I) (II) (III) (IV)
(A) 4 2 1 3
(B) 4 2 3 1
(C) 1 2 3 4
(D) 2 4 3 1
Ans: B
86. WTO comes into being in the year
(A) 1975
(B) 1985
(C) 1995
(D) 2001
Ans: C
87. Which of the following is not Porter’s generic strategy?
(A) Focus
(B) Cost Leadership
(C) Differentiation
(D) Market segmentation
Ans: D
88. Globalization involves
(A) Free flow of technology from one country to another
(B) Free flow of investment from one country to the other
(C) Free flow of people from one country to the other
(D) All the above
Ans: D
89. Which is a short-term strategy for a firm?
(A) Corporate strategy
(B) Business strategy
(C) Company mission
(D) Functional strategy
Ans: D
90. Which is not a global entry strategy?
(A) Exporting
(B) Joint venture
(C) Merger and Acquisition
(D) Blue ocean strategy
Ans: D
91. Which one is not the characteristic feature of Entrepreneurship?
(A) Vision
(B) Risk Bearing
(C) Initiative and Drive
(D) Disloyalty
Ans: D
92. Which of the following organizations is meant for promoting small scale industries at district level?
(A) SIDBI
(B) DIC
(C) SFCs
(D) NABARD
Ans: B
93. The reason for sickness of small scale industry is
(A) Lack of capital
(B) Lack of market
(C) Severe competition
(D) All the above
Ans: D
94. The measure taken by Government to promote small scale industry.
(A) Provision of land
(B) Provision of marketing facilities
(C) Arrangement of credit and raw materials
(D) All the above
Ans: D
95. Small and medium enterprises are
(A) Labour intensive
(B) Capital intensive
(C) Market leader
(D) Industry price determiner
Ans: D
96. Business propositions are to be selected by making an analysis that, how much the local resources will be depleted in the commencement and the course of Business. This is known as
(A) Sensitivity Analysis
(B) Common Property Resource use
(C) Environmental Impact Assessment
(D) None of the above
Ans: A
97. Whistle-Blowers are
(A) To be removed from the jobs
(B) To be promoted
(C) To be rewarded for the organisational enrichment
(D) To be protected since they intend to bring out truth
Ans: D
98. Funding through Micro finance to Small and Micro Enterprises is not successful due to
(A) High rate of interest
(B) Out sourcing of method of providing Micro Finance
(C) (A) & (B)
(D) None of the above
Ans: C
99. “Work-Diversity” by nature, does not go against Ethics. But an executive assistant while getting transferred from “stores” to “dispatch” section created turmoil in the office. He is
(A) Most ethical in his deal
(B) Fully against work ethics
(C) He is workoholic
(D) A Rigid employer, hard nut to crack
Ans: B
100. Ethical Management is
(A) A Compromise
(B) A Compulsion
(C) A Judgement
(D) (A) and (B)
Ans: A