1543. Effective mission statements

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A. are usually changed every few months
B. are usually changed every few years
C. never require revision
D. stand the test of time and require little revision
✅ The correct answer is option D.
Effective mission statements stand the test of time and require little revision. To be effective, mission statements need to clarify the intentions of the business while being inspirational and meaningful to customers and employees. Successful mission statements may take time to create, but when they are developed correctly, they provide a company with clear direction and purpose.

133. Which of the following force makes an individual eligible to make decisions, give orders & directing work activities of others?

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A. Power
B. Influence
C. Authority
D. Command
✅ The correct answer is option C.
Authority force makes an individual eligible to make decisions, give orders & directing work activities of others. Authority is the right to make decisions, to direct the work of others, and to give orders. Line managers are authorized to direct the work of subordinates and are directly in charge of accomplishing the organization’s basic goals.

In financial markets, separate trading of registered interest and principal securities have abbreviation of

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A. STORI
B. STRIPS
C. RIAPS
D. STORIAP
✅ The correct answer is option B.
In financial markets, separate trading of registered interest and principal securities have abbreviation of STRIPS. They are securities that represent the separate interest and principal components of Treasuries.

1531. __________describes the employee’s skills in serving the client.

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A. Internal Marketing
B. External Marketing
C. Relationship marketing
D. Interactive marketing
✅ The correct answer is option D.
Interactive marketing describes the employee’s skills in serving the client. Interactive marketing is a one to one marketing process that reacts and changes based on the actions of individual customers and prospects.

1528. Which of the following is a limitation associated with an LP model?

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A. The relationship among decision variables in linear
B. No guarantee to get integer valued solutions
C. No consideration of effect of time & uncertainty on LP model
D. All of the above
✅ The correct answer is option D.
The relationship among decision variables in linear,
No guarantee to get integer valued solutions and
No consideration of effect of time & uncertainty on LP model are the limitation associated with an LP model.

1525. Which of the following is not a purpose of strategic thinking?

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A. To realize what needs to change
B. To establish the agenda for managing strategic change
C. To clarify future direction
D. To allocate scarce resources
✅ The correct answer is option A.
To realize what needs to change is not a purpose of strategic thinking. Strategic thinking is a process that defines the manner in which people think about, assess, view, and create the future for themselves and others. Strategic thinking is an extremely effective and valuable tool. One can apply strategic thinking to arrive at decisions that can be related to your work or personal life.

Which of following is not a type of direct foreign investment?

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A. Franchising
B. International trade
C. Joint ventures
D. Acquisitions of existing operations
✅ The correct answer is option B.
International trade is not a type of direct foreign investment. International Trade refers to the exchange of products and services from one country to another. In other words, imports and exports.

129. Which of the following is not an advantage of using a private employment agency?

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A. it may be faster than in-house recruiting
B. it does not require internal recruitment specialists
C. screening may not be as thorough
D. it may be better for attracting minority candidates
✅ The correct answer is option C.
Screening may not be as thorough is not an advantage of using a private employment agency. A screening interview is a type of job interview that’s conducted to determine if the applicant has the qualifications needed to do the job for which the company is hiring.