1683. ___________ is the process of defining the current problem, determining why a new system is needed, identifying the objectives of the proposed system:

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A. Feasibility analysis
B. System Analysis
C. System definition
D. System requirements
✅ The correct answer is option C.
System definition is the process of defining the current problem, determining why a new system is needed, identifying the objectives of the proposed system. Proposed system means explaining what you are going to do this project.

1680. Variable cost is subtracted from fixed costs to calculate

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A. unit income
B. fixed income
C. operating income
D. marginal income
✅ The correct answer is option C.
Variable cost is subtracted from fixed costs to calculate operating income. Operating income is an accounting figure that measures the amount of profit realized from a business’s operations, after deducting operating expenses such as wages, depreciation, and cost of goods sold (COGS).

147. A brief write-up of what the job is all about is

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A. Job finding
B. Job summary
C. Job analysis
D. Job specification
✅ The correct answer is option B.
A brief write-up of what the job is all about is Job summary. A job summary basically provides an overview of the company and the expectations that comes with the job. It summarizes the main point of the job description which may include key responsibilities, functions, and duties; education and experience requirements and other important information.

1715. Alternative solutions exist of an LP model when.

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A. One of the constraints is redundant
B. Objective function equation is parallel to one of the constraints
C. Two constraints are parallel
D. All of the above
✅ The correct answer is option B.
Alternative solutions exist of an LP model when objective function equation is parallel to one of the constraints. Linear programming (LP, also called linear optimization) is a method to achieve the best outcome (such as maximum profit or lowest cost) in a mathematical model whose requirements are represented by linear relationships.

146. What is meant by the term ‘management by objectives’?

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A. A. System of giving the authority to carry out certain jobs by those lower down the management hierarchy
B. The system of management that is based on bringing together experts into a team
C. The setting of objectives to bring about the achievement of the corporate goals
D. The control of the Organisation by those in the ‘head office’
✅ The correct answer is option C.
Management by objectives means the setting of objectives to bring about the achievement of the corporate goals. Management by objectives (MBO) is a management technique for setting clear goals for a specific time period and its monitoring progress.

1709. MIS normally found in a manufacturing organization will not be suitable in the ______.

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A. Service sector
B. Banking sector
C. Agriculture sector
D. All of the above
✅ The correct answer is option A.
MIS normally found in a manufacturing organization will not be suitable in the Service sector. A typical manufacturing MIS is used to monitor the flow of materials and products throughout the organization.

1707. How is an organization most likely to secure and sustain a position of strength in its associated environment?

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A. By seeking to influence and manage their external environment
B. By seeking to influence their competitors’ environment
C. By seeking to influence and manage their internal environment
D. By seeking to restrict changes within their environment
✅ The correct answer is option A.
An organization most likely to secure and sustain a position of strength in its associated environment by seeking to influence and manage their external environment. An external environment is composed of all the outside factors or influences that impact the operation of business. The business must act or react to keep up its flow of operations.

1705. Systematic evaluation of value chain, to reduce costs and high quality to achieve satisfied customers is known as

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A. reverse engineering
B. value engineering
C. target engineering
D. operation engineering
✅ The correct answer is option B.
Systematic evaluation of value chain, to reduce costs and high quality to achieve satisfied customers is known as value engineering. Value engineering is a systematic and organized approach to providing the necessary functions in a project at the lowest cost. Value engineering promotes the substitution of materials and methods with less expensive alternatives, without sacrificing functionality.