The process of acquiring technology from other country is called:

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A. Licensing
B. Franchising
C. Technology Transfer
D. Joint Venture
✅ The correct answer is option A.
The process of acquiring technology from other country is called Licensing. A business arrangement in which one company gives another company permission to manufacture its product for a specified payment. There are few faster or more profitable ways to grow your business than by licensing patents, trademarks, copyrights, designs, and other intellectual property to others.

596. Which one of the following is not one of the elements of strategic thinking described by Campbell and Alexander (1997)?

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A. Organizational culture
B. Outlining of competencies
C. Future-gazing
D. Organizational behavior
✅ The correct answer is option B.
Outlining of competencies is not one of the elements of strategic thinking described by Campbell and Alexander (1997). A competency framework defines the knowledge, skills, and attributes needed for people within an organization. Each individual role will have its own set of competencies needed to perform the job effectively.

594. An organizational practice, according to which decision making freedom is available to lower level managers is known as

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A. decentralization
B. centralization
C. autonomy of effort
D. congruency
✅ The correct answer is option A.
An organizational practice, according to which decision making freedom is available to lower level managers is known as decentralization. Decentralization refers to a specific form of organizational structure where the top management delegates decision-making responsibilities and daily operations to middle and lower subordinates.

Accounting entry of institutions who borrows federal funds is as

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A. income in income statement
B. expense on income statement
C. liability on balance sheet
D. assets on balance sheet
✅ The correct answer is option C.
Accounting entry of institutions who borrows federal funds is as liability on balance sheet. Federal funds, often referred to as fed funds, are excess reserves that commercial banks and other financial institutions deposit at regional Federal Reserve banks; these funds can be lent, then, to other market participants with insufficient cash on hand to meet their lending and reserve needs.

590. Practice by seller of offering same product at different prices, to different customers is known as

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A. price incurrence
B. price discrimination
C. price targeting
D. price engineering
✅ The correct answer is option B.
Practice by seller of offering same product at different prices, to different customers is known as price discrimination. Price discrimination is a selling strategy that charges customers different prices for the same product or service based on what the seller thinks they can get the customer to agree to.

588. A _______ evaluation process reduces the possibility of buying inadequate hardware.

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A. Stable
B. Formal
C. Unstable
D. Informal
✅ The correct answer is option B.
A Formal evaluation process reduces the possibility of buying inadequate hardware. A formal evaluation is a written list and summary of an employee’s performance. It is an opportunity for a manager and employee to go over the strengths and weaknesses of work performance. During the formal evaluation there should be no surprises, as communication between a manager and an employee should be ongoing.

40. The important objectives of a job evaluation programme

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A. Establishment of sound wage differentials between jobs.
B. Maintenance of a consistent wage policy.
C. Installation of an effective means of wage control.
D. All of the above
✅ The correct answer is option D.
The important objectives of a job evaluation programme Establishment of sound wage differentials between jobs is maintenance of a consistent wage policy and installation of an effective means of wage control.

577. Minimum freedom for managers and maximum constraints are main features of

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A. total autonomy
B. total centralization
C. total decentralization
D. total congruency
✅ The correct answer is option B.
Minimum freedom for managers and maximum constraints are main features of total centralization. Centralization of authority means the power of planning and decision making are exclusively in the hands of top management.