738. Simulation should not be applied in all cases because it.

A. Requires considerable talent for model building & extensive computer programming efforts
B. Consumes much computer time
C. Provides at best approximate solution to problem
D. All of the above
✅ The correct answer is option D.
Simulation should not be applied in all cases because it Requires considerable talent for model building & extensive computer programming efforts, Consumes much computer time and Provides at best approximate solution to problem.

735. Cybernetic system is the one which is ______________

A. Self Monitoring
B. Self controlling
C. Self regulating
D. All the above
✅ The correct answer is option D.
Cybernetic system is the one which is Self Monitoring, Self controlling and Self regulating. A cybernetic System is one that automatically adapts to its environments. A system with feedback and control components is sometimes called a cybernetic system, that is, a self-monitoring, self- regulating system.

732. ________ is the study of how individuals, groups, and organizations select, buy, use, and dispose of goods, services, ideas, or experiences to satisfy their needs and wants.

A. Target marketing
B. Psychographic segmentation
C. Product Differentiation
D. Consumer behavior
✅ The correct answer is option D.
Consumer behavior is the study of how individuals, groups, and organizations select, buy, use, and dispose of goods, services, ideas, or experiences to satisfy their needs and wants. It refers to the actions of the consumers in the marketplace and the underlying motives for those actions.

729. TPS means ____________.

A. Transaction Plan Master
B. Transaction Processing System
C. Transport Plan Management
D. All of the above
✅ The correct answer is option B.
TPS means Transaction Processing System. A transaction process system (TPS) is an information processing system for business transactions involving the collection, modification and retrieval of all transaction data. Characteristics of a TPS include performance, reliability and consistency. TPS is also known as transaction processing or real-time processing.

726. In overall business side the MIS planning initiates from business _____.

A. Task
B. Event
C. Planning
D. Operations
✅ The correct answer is option C.
In overall business side the MIS planning initiates from business planning. A business plan is a written document that describes in detail how a business usually a new one is going to achieve its goals. A business plan lays out a written plan from a marketing, financial and operational viewpoint.

723. Companies that perform in less competitive markets and their market offerings significantly differ are classified as

A. independent revenue approach
B. market based approach
C. cost based approach
D. dependent revenue approach
✅ The correct answer is option C.
Companies that perform in less competitive markets and their market offerings significantly differ are classified as cost based approach. Cost based pricing is one of the pricing methods of determining the selling price of a product by the company, wherein the price of a product is determined by adding a profit element (percentage) in addition to the cost of making the product.

720. In which of the following types of analysis, the value of only one variable is changed repeatedly, and the resulting changes on other variables are observed.

A. what if analysis
B. sensitivity analysis
C. Goal seeking analysis
D. None of these
✅ The correct answer is option B.
In sensitivity analysis of the following types of analysis, the value of only one variable is changed repeatedly, and the resulting changes on other variables are observed. A sensitivity analysis determines how different values of an independent variable affect a particular dependent variable under a given set of assumptions. In other words, sensitivity analyses study how various sources of uncertainty in a mathematical model contribute to the model’s overall uncertainty.

58. Why might there be some difficulty in identifying and applying the Best-practice approach to HRM in Organisations?

A. Because the best-practice approach tends to be resource- intensive
B. Because there is much variation in the literature and empirical research as to what constitutes best-practice
C. Because the best-practice approach would not fit the cost-reduction driven strategies favoured by many in short-terms economies.
D. Because the best-practice approach does not emphasize the individual business context
✅ The correct answer is option A.
There might be some difficulty in identifying and applying the Best-practice approach to HRM in Organisations because there might be some difficulty in identifying and applying the Best-practice approach to HRM in Organisations.

756. In a firm the reports are generated under condition are called _____ reports.

A. exception
B. condition
C. standard
D. periodic
✅ The correct answer is option A.
In a firm the reports are generated under condition are called exception reports. An exception report is a document that states those instances in which actual performance deviated significantly from expectations, usually in a negative direction. The intent of the report is to focus management attention on just those areas requiring immediate action.