Management Archives

1441. A ____________ is a form of product that consists of activities, benefits, or satisfactions offered for sale that are essentially intangible and do not result in the ownership of anything.

A. Service

B. Demand

C. Need

D. Physical object

✅ The correct answer is option A.
A Service is a form of product that consists of activities, benefits, or satisfactions offered for sale that are essentially intangible and do not result in the ownership of anything. Service marketing is marketing based on relationship and value. It may be used to market a service or a product.

1442. If the feasible region of a LPP is empty, the solution is ______________.

A. Infeasible

B. Unbounded

C. Alternative

D. None of the above

✅ The correct answer is option A.
If the feasible region of a LPP is empty, the solution is infeasible. A linear program is infeasible if there exists no solution that satisfies all of the constraints — in other words, if no feasible solution can be constructed. Since any real operation that you are modelling must remain within the constraints of reality, infeasibility most often indicates an error of some kind. Simplex-based LP software like lp_solve efficiently detects when no feasible solution is possible.

1443. Flexible budget amount is added in to variable overhead flexible budget variance to calculate

A. manufacturing costs incurred

B. variable costs incurred

C. fixed costs incurred

D. actual costs incurred

✅ The correct answer is option D.
Flexible budget amount is added in to variable overhead flexible budget variance to calculate actual costs incurred. An actual amount paid or incurred, as opposed to estimated cost or standard cost. In contracting, actual costs amount includes direct labor, direct material, and other direct charges.

1444. Which of the following is a source of differentiation?

A. Relationships with customers

B. Distribution

C. Low costs

D. Unreliability

✅ The correct answer is option A.
Relationships with customers is a source of differentiation. Product differentiation is a marketing strategy that strives to distinguish a company’s products or services from the competition. Successful product differentiation involves identifying and communicating the unique qualities of a company’s offerings while highlighting the distinct differences between those offerings and others on the market.

1445. In simplex method, we add _____________ variables in the case of ‘=’.

A. Slack Variable

B. Surplus Variable

C. Artificial Variable

D. None of the above

✅ The correct answer is option C.
In simplex method, we add artificial variable variables in the case of ‘=’. In order to use the simplex method on problems with mixed constraints, we turn to a device called an artificial variable. This variable has no physical meaning in the original problem and is introduced solely for the purpose of obtaining a basic feasible solution so that we can apply the simplex method.

1446. Type of bonds issued by governments outside home country of issuer of bond are classified as

A. outside bonds

B. foreign bonds

C. issuing country bonds

D. denominated bonds

✅ The correct answer is option B.
Type of bonds issued by governments outside home country of issuer of bond are classified as foreign bonds. A foreign bond is a bond issued in a domestic market by a foreign entity in the domestic market’s currency as a means of raising capital. For foreign firms doing a large amount of business in the domestic market, issuing foreign bonds, such as bulldog bonds, Matilda bonds, and samurai bonds, is a common practice.

1447. Legal contract which states legal rights of seller and buyer is classified as

A. long term indenture

B. federal indenture

C. private indenture

D. bond indenture

✅ The correct answer is option D.
Legal contract which states legal rights of seller and buyer is classified as bond indenture. The bond indenture (aka trust indenture, deed of trust) is a legal contract between the issuer and the trustee that specifies the scope and the responsibilities of the borrower, the trustee, and the lender, and the characteristics of the bond, such as the maturity date, coupon rate, and so on.

1448. In a large organization, strategic management activities occur at what level(s)?

A. Corporate and divisional

B. Functional, business and corporate

C. Strategic business unit

D. Divisional

✅ The correct answer is option B.
In a large organization, strategic management activities occur at Functional, business and corporate. Strategy formulation, implementation, and evaluation activities occur at three hierarchical levels in a large organization: corporate, divisional or strategic business unit, and functional.

1449. Which of the following statement is True(T) or False(F) are given below. 1. If the tone of the voice and body language are negative the communication will pass. 2. Semantic barriers mean that different words may have different meaning in different cultures. 3. Correct choice of channel is one of the main barriers to communication.

A. TFT

B. FTF

C. FFF

D. TTT

✅ The correct answer is option B.
If the tone of the voice and body language are negative the communication will not pass. Semantic barriers mean that different words may have different meaning in different cultures. Correct choice of channel is not the main barriers to communication.

1450. The integration of objectives and activities of an organization is________.

A. control

B. co-ordination

C. Planning

D. organizing

✅ The correct answer is option B.
The integration of objectives and activities of an organization is co-ordination. Co-ordination is the unification, integration, synchronization of the efforts of group members so as to provide unity of action in the pursuit of common goals.