327. ________ marketing has the aim of building mutually satisfying long-term relations with key parties such as customers, suppliers, distributors, and other marketing partners in order to earn and retain their business.

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A. Holistic
B. Demand-based
C. Direct
D. Relationship
✅ The correct answer is option C.
Direct marketing has the aim of building mutually satisfying long-term relations with key parties such as customers, suppliers, distributors, and other marketing partners in order to earn and retain their business. Direct marketing is an advertising strategy that relies on the individual distribution of a sales pitch to potential customers.

33. Banks, insurance companies and distribution agencies are examples of ________.

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A. departmentation by function
B. departmentation by products
C. departmentation by territory
D. departmentation by customers
✅ The correct answer is option C.
Banks, insurance companies and distribution agencies are examples of departmentation by territory. Departmentalization by Territory is the division of organization according to geographic regions as it groups jobs on the basis of territory or geography.

321. Knowledge based system supports, _____________.

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A. Knowledge of creation
B. Knowledge of support
C. Knowledge of Dissemination
D. All of the above
✅ The correct answer is option D.
Knowledge based system supports, Knowledge of creation, Knowledge of support and Knowledge of Dissemination. A knowledge-based system (KBS) is a program that captures and uses knowledge from a variety of sources. A KBS assists with solving problems, particularly complex issues, by artificial intelligence. These systems are primarily used to support human decision making, learning, and other activities.

359. If one of the constraint of an equation in an LP problem has an unbounded solution, then.

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A. Solution to such LP problem must be degenerate
B. Feasible region should have a line segment
C. Alternative solutions exist
D. None of the above
✅ The correct answer is option B.
If one of the constraint of an equation in an LP problem has an unbounded solution, then feasible region should have a line segment. If there is going to be an optimal solution to a linear programming problem, it will occur at one or more corner points, or on a line segment between two corner points.

357. Graphic method can be applied to solve a LPP when there are only _____________ variable.

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A. One
B. More than One
C. Two
D. Three
✅ The correct answer is option C.
Graphic method can be applied to solve a LPP when there are only two variable. This method is used to solve a two variable linear program. If you have only two decision variables, you should use the graphical method to find the optimal solution. A graphical method involves formulating a set of linear inequalities subject to the constraints. Then the inequalities are plotted on a X-Y plane.

355. In management control, point of reference for making comparisons of performance is

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A. focused performance
B. merchandise performance
C. distribution performance
D. expected performance
✅ The correct answer is option D.
In management control, point of reference for making comparisons of performance is expected performance. The expected performance is based on the overall distribution that is fit to your data and estimates the nonconforming parts that you can expect to be outside the specification limits.

353. In the process of developing a mission statement, it is important to involve

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A. as few managers as possible
B. as many managers as possible
C. upper-level management only
D. lower-level management only
✅ The correct answer is option B.
In the process of developing a mission statement, it is important to involve as many managers as possible. The mission statement allows everyone in an organization to clearly understand why they are doing their work. An organization’s mission also guides its operational plans and describes the organization to potential funders, clients and beneficiaries.

351. Costs that are unavoidable and remain unchanged no matter what done are classified as

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A. sunk costs
B. bunked costs
C. unrecorded costs
D. recorded costs
✅ The correct answer is option A.
Costs that are unavoidable and remain unchanged no matter what done are classified as sunk costs. A sunk cost is a cost that an entity has incurred, and which it can no longer recover. Sunk costs should not be considered when making the decision to continue investing in an ongoing project, since these costs cannot be recovered.

32. The managerial grid consist of how many possible leadership styles

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A. 51
B. 61
C. 81
D. 91
✅ The correct answer is option C.
The managerial grid consist of 81 possible leadership styles. Mouton, the Managerial Grid Model helps Managers to analyze their own leadership styles through a technique known as grid training. Also, Managers can identify how they with respect to their concern for production and people with Managerial Grid Model.

Eurobonds are denominated in only one currency which is

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A. Canadian dollars
B. us dollars
C. Euros
D. Japanese yen
✅ The correct answer is option C.
Eurobonds are denominated in only one currency which is Euros. Eurobonds are bonds denominated in a currency different from the currency of the countries in which they are issued and sold. The name Eurobond has nothing to do with euros or even with Europe.