87. Which of the following statement represents ‘effectiveness’?

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A. Achieve most output in less time
B. Achieve mass production
C. Achieve most output with least input
D. Achieve Organisational goals
✅ The correct answer is option D.
Achieve Organisational goals statement represents ‘effectiveness’. Organizational effectiveness can be defined as the efficiency with which an association is able to meet its objectives. This means an organization that produces a desired effect or an organization that is productive without waste.

980. While solving a LP model graphically, the area bounded by the constraints is called?

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A. Feasible region
B. Infeasible region
C. Unbounded solution
D. None of the above
✅ The correct answer is option A.
While solving a LP model graphically, the area bounded by the constraints is called feasible region. It is the set of all possible points (sets of values of the choice variables) of an optimization problem that satisfy the problem’s constraints, potentially including inequalities, equalities, and integer constraints.

977. __________ has become a popular way to expand delivery of an effective service concept to multiple sites without the level of investment capital that would be otherwise needed.

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A. Multi-site expansion
B. Sub-contracting
C. Franchising
D. Company-owned expansion
✅ The correct answer is option C.
Franchising has become a popular way to expand delivery of an effective service concept to multiple sites without the level of investment capital that would be otherwise needed. Franchising is a form of business by which the owner (franchisor) of a product, service or method obtains distribution through affiliated dealers (franchisees). If buying an existing business doesn’t sound right for you but starting from scratch sounds a bit intimidating, you could be suited for franchise ownership.

974. The general purpose system simulation language.

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A. Requires programme writing
B. Does not require programme writing
C. Requires predefined coding forms
D. Needs a set of equations to describe a system
✅ The correct answer is option B.
The general purpose system simulation language does not require programme writing. General Purpose Simulation System (GPSS) is a discrete time simulation general-purpose programming language, where a simulation clock advances in discrete steps. It is used primarily as a process flow oriented simulation language; this is particularly well-suited for problems such as a factory.

86. The extent to which an employment selection test provides consistent results is known as:

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A. Reliability
B. Dependability
C. Consistency
D. Trustworthiness
✅ The correct answer is option A.
The extent to which an employment selection test provides consistent results is known as Reliability. Reliability means that the selection methods, tests and ensuing results are consistent and do not vary with time, place or different subjects”. Or as Cowling puts it: “Reliability is a measure of the consistency with which a predictor continues to predict performance with the same degree of success”.

When we read aloud our concentration is divided between ________ and _________.

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A. Listening, Hearing
B. Hearing, Reading
C. Reading, Speaking
D. Speaking, Listening
✅ The correct answer is option C.
When we read aloud our concentration is divided between reading and speaking that’s why usually people say not to read you would not understand it , you would just mug up it.

Increasing interest rates.

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A. discourage corporate investments
B. discourage individuals from saving
C. encourage corporate expansion
D. encourage corporate borrowing
✅ The correct answer is option A.
Increasing interest rates discourage corporate investments. Higher interest rates tend to moderate economic growth. They increase the cost of borrowing, reduce disposable income and therefore limit the growth in consumer spending. Higher interest rates tend to reduce the rate of economic growth and inflationary pressures.

Forgone amount for holding balances of cash at time they are received is classified as

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A. forgone cost
B. debt cost
C. opportunity cost
D. balances cost
✅ The correct answer is option C.
Forgone amount for holding balances of cash at time they are received is classified as opportunity cost. Opportunity costs represent the benefits an individual, investor or business misses out on when choosing one alternative over another. While financial reports do not show opportunity cost, business owners can use it to make educated decisions when they have multiple options before them.

958. Which of the following is an aspect of implementation that can be changed indirectly if necessary?

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A. Organizational structure
B. Information systems
C. Quality
D. Procedures
✅ The correct answer is option C.
Quality is an aspect of implementation that can be changed indirectly if necessary. The quality strategy is a vital element to building the quality process and expectations of the organization. It is important that it reflects the business mission and provides vision, values and goals to the employees.