785. Petroleum refining, power generation and steel production systems are example of ____________ systems.

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A. Transaction Processing
B. Process Control
C. Enterprise Collaboration
D. Management Information
✅ The correct answer is option B.
Petroleum refining, power generation and steel production systems are example of Process Control systems. Process control systems (PCS), sometimes called industrial control systems (ICS), function as pieces of equipment along the production line during manufacturing that test the process in a variety of ways, and return data for monitoring and troubleshooting.

782. Formal method of making choices, considering help of quantitative and qualitative analysis is classified as

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A. quantitative analysis
B. decision method
C. qualitative method
D. linearity method
✅ The correct answer is option B.
Formal method of making choices, considering help of quantitative and qualitative analysis is classified as decision method. Decision-making is the process of identifying and choosing alternatives based on the values, preferences and beliefs of the decision-maker. Every decision-making process produces a final choice, which may or may not prompt action.

An Acquisition is

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A. More risky than other foreign investment techniques
B. Less risky than other foreign investment techniques
C. A way to share control over foreign operations
D. A way to share risk of a new foreign investment
✅ The correct answer is option A.
An Acquisition is more risky than other foreign investment techniques. An acquisition is when one company purchases most or all of another company’s shares to gain control of that company. Purchasing more than 50% of a target firm’s stock and other assets allows the acquirer to make decisions about the newly acquired assets without the approval of the company’s shareholders.

776. ______________ is called as a bundle of resources

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A. Industry
B. Unit
C. Organization
D. Management
✅ The correct answer is option C.
Organization is called as a bundle of resources. An organization is a group of people who work together, like a neighborhood association, a charity, a union, or a corporation. Organization is also the act of forming or establishing something (like an organization).

65. A job specification is one of the areas of

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A. Job analysis
B. Job design
C. Job description
D. Job summary
✅ The correct answer is option A.
A job specification is one of the areas of Job analysis. Job analysis is the process of gathering and analyzing information about the content and the human requirements of jobs, as well as, the context in which jobs are performed. This process is used to determine placement of jobs.

772. Chart which represents how regularly defect occurs in production process is classified as

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A. relevant costing diagram
B. cause and effect diagram
C. control chart
D. Pareto chart
✅ The correct answer is option D.
Chart which represents how regularly defect occurs in production process is classified as Pareto chart. A Pareto chart is a type of chart that contains both bars and a line graph, where individual values are represented in descending order by bars, and the cumulative total is represented by the line.

According to best efforts offering, investment bank in return of providing services must

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A. not receive fee
B. receive fee
C. receive interest rate
D. receive market rate of return
✅ The correct answer is option B.
According to best efforts offering, investment bank in return of providing services must receive fee. An investment bank (IB) is a financial intermediary that performs a variety of services. Most Investment banks specialize in large and complex financial transactions, such as underwriting, acting as an intermediary between a securities issuer and the investing public, facilitating mergers and other corporate reorganizations and acting as a broker or financial adviser for institutional clients.

Under fixed exchange rate system, fall in the value of domestic currency due to deficit in balance of payments resulted in

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A. depreciation of the currency
B. devaluation of the currency
C. appreciation of the currency
D. no change in the exchange rate normally
✅ The correct answer is option D.
Under fixed exchange rate system, fall in the value of domestic currency due to deficit in balance of payments resulted in no change in the exchange rate normally. A fixed exchange rate is a regime applied by a government or central bank ties the country’s currency official exchange rate to another country’s currency or the price of gold. The purpose of a fixed exchange rate system is to keep a currency’s value within a narrow band.

766. “How are you telling consumers in your target group about your product” This question belongs to which marketing concept?

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A. Product
B. Price
C. Place
D. Promotion
✅ The correct answer is option D.
Promotion is a type of communication between the buyer and the seller. The seller tries to persuade the buyer to purchase their goods or services through promotions. It helps in making the people aware of a product, service or a company. It also helps to improve the public image of a company. This method of marketing may also create interest in the minds of buyers and can also generate loyal customers.

764. Operations Research uses models to help the management to determine its ___________ scientifically.

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A. Policies
B. Actions
C. Both A and B
D. None of the above
✅ The correct answer is option C.
Operations Research uses models to help the management to determine its policies and actions scientifically. It uses various scientific research-based principles, strategies, and analytical methods including mathematical modeling, statistics and numerical algorithms to improve an organization’s ability to enact rational and meaningful management decisions by arriving at optimal or near optimal solutions.