Management Archives

991. An effective mission statement is all of the following except

A. It reflects judgments about future growth directions that are based upon forward-looking external and internal analyses

B. It provides useful criteria for selecting among alternative strategies

C. It provides a basis for generating and screening strategic options

D. It is static in orientation

✅ The correct answer is option D.
An effective mission statement is all of the following except it is static in orientation. To be effective, mission statements need to clarify the intentions of the business while being inspirational and meaningful to customers and employees. Successful mission statements may take time to create, but when they are developed correctly, they provide a company with clear direction and purpose.

992. The project team is composed of the system professional are directly responsible for _____ the system

A. testing

B. building

C. deleting

D. innovating

✅ The correct answer is option B.
The project team is composed of the system professional are directly responsible for building the system. MIS professionals help firms realize maximum benefit from investment in personnel, equipment, and business processes. MIS is a people-oriented field with an emphasis on service through technology.

993. The three types of forecasts are

A. Economic, employee market, company’s sales expansion

B. Long, Short, Medium

C. Production, economic, company’s sales expansion

D. Production, labor, economic

✅ The correct answer is option A.
The three types of forecasts are Economic, employee market, company’s sales expansion.

994. Commercial paper issued with low interest rate thus commercial paper are categorized as

A. payables rating

B. commercial rating

C. poor credit rating

D. better credit rating

✅ The correct answer is option D.
Commercial paper issued with low interest rate thus commercial paper are categorized as better credit rating. Higher scores represent better credit decisions and can make creditors more confident that you will repay your future debts as agreed.

995. A merely household organization may be influenced by exchange rate variations if it faces at slightest some

A. Domestic Competition

B. Foreign competition

C. Joint ventures

D. All of answers are correct

✅ The correct answer is option B.
A merely household organization may be influenced by exchange rate variations if it faces at slightest some foreign competition. Foreign competition is a viable alternative for customers, it would lessen a dominant firm’s ability to exercise market power post-merger.

996. Risk which arises from insufficient capital available to balance sudden decrease in assets value is classified as

A. insolvency risk

B. solvency risk

C. balanced risk

D. unbalanced risk

✅ The correct answer is option A.
Risk which arises from insufficient capital available to balance sudden decrease in assets value is classified as insolvency risk. Insolvency risk is defined as the risk that an individual or company will not be able to meet its debt obligations.

997. Convertibility of a currency is indicated by its

A. Conversion at market rates

B. Conversion at market rates, but subject to quantity restriction by government

C. Conversion at market rate without any quantitative restriction by government

D. Conversion at official rate

✅ The correct answer is option C.
Convertibility of a currency is indicated by its conversion at market rate without any quantitative restriction by government. Currency convertibility is important for international commerce as globally sourced goods must be paid for in an agreed upon currency that may not be the buyer’s domestic currency.

998. In the writing of an apology letter, concentrate on

A. Problem

B. Compensation

C. Rectification of problem

D. Words

✅ The correct answer is option C.
In the writing of an apology letter, concentrate on rectification of problem. Your apology should be brief and to the point. Your reputation as a trustworthy customer and credit risk may be in question, so your immediate and thorough attention to the matter is important. Focus on your actions to correct the problem and offer assurance it won’t happen again.

999. Large complicated simulation models are appreciated because.

A. Their average costs are not well-defined

B. It is difficult to create the appropriate events

C. It is difficult to create the appropriate events

D. All of the above

✅ The correct answer is option C.
Large complicated simulation models are appreciated because It is difficult to create the appropriate events. A simulation model has ‘entities’ (e.g. machines, materials, people, etc.) and ‘activities’ (e.g. processing, transporting, etc.). It also has a description of the logic governing each activity.

1000. Who is most responsible for developing, communicating, and enforcing the code of business ethics for a firm?

A. Strategists

B. Line managers

C. Staff managers

D. All managers

✅ The correct answer is option A.
Strategists is most responsible for developing, communicating, and enforcing the code of business ethics for a firm. A strategist is someone who is skilled in planning the best way to gain an advantage or to achieve success.