Management Archives

1751. You are planning to install a steel manufacturing plant in your city. For that purpose you want to have a supplier who supplies you the steel in raw form for manufacturing. Here supplier supplies you which of the following form of industrial product?

A. Material and parts

B. Capital items

C. Supplies and services

D. None of the given options

✅ The correct answer is option A.
Here material and parts are the form of industrial product.

1752. What is an incremental strategy?

A. One that is formalized from the beginning and adhered to along the way exactly

B. One that evolves according to past experiences and changing circumstances

C. One that is formalized, but is slightly flexible if necessary

D. One that has the potential to open up new opportunities along the way which can be incorporated into the long term strategy

✅ The correct answer is option B.
One that evolves according to past experiences and changing circumstances is an incremental strategy. Incremental strategic planning identifies the changes an organization needs to implement in order to improve specific conditions, whether these are community conditions or organizational conditions. Incremental plans provide very clear direction on political and funding priorities.

1753. E-recruiting methods include

A. Internet job boards

B. Career websites

C. Employer websites

D. All of the above

✅ The correct answer is option D.
E-recruitment includes those practices and activities carried on by the organisation through internet with the primary purpose of identifying and attracting potential employees. The growth in the internet has led both employers and employees to use internet recruiting tools. Of the many recruiting sites using special software, the most common ones are internet job boards, professional / career websites and employer websites.

1754. Loans for education and medical is classified as loans for

A. equilibrium goods

B. non-equilibrium goods

C. durable goods

D. non-durable goods

✅ The correct answer is option D.
Loans for education and medical is classified as loans for non-durable goods. Nondurable goods are products that are consumed or are only useable for a short period of time because they wear out or become useless. An example of nondurable goods are fresh vegetables.

1755. Determined price at which company expects to pay for every single unit is called

A. standard price

B. input price

C. actual input

D. output price

✅ The correct answer is option A.
Determined price at which company expects to pay for every single unit is called standard price. Standard price is the pre-established uniform price for a good or service, based on its historical price, replacement cost, or an analysis of its competitive position in the market.

1756. Strategy creation involves three strands. Which of the following is not one of the three stands?

A. Planning

B. Vision

C. Entrepreneurship

D. Emergent strategies

✅ The correct answer is option C.
Strategy creation involves three strands. Entrepreneurship is not one of the three stands. These strategies are cost leadership, differentiation, and focus.

1757. Placement of financial issue in which investment bank and municipality together finds large buyers is classified as

A. reserve placement

B. federal placement

C. private placement

D. government placement

✅ The correct answer is option C.
Placement of financial issue in which investment bank and municipality together finds large buyers is classified as private placement. Raising adequate capital is integral to building and growing a business, and companies usually go the initial public offering (IPO) route. An alternative is the capital raising event known as a private placement.

1758. To improve attractiveness for investors, bonds are partially backed by

A. US.T-Bonds

B. UK-T-Bonds

C. UK-B-bonds

D. US-B-Bonds

✅ The correct answer is option A.
To improve attractiveness for investors, bonds are partially backed by US.T-Bonds. United States Treasury securities are government debt instruments issued by the United States Department of the Treasury to finance government spending as an alternative to taxation. Treasury securities are often referred to simply as Treasurys.

1759. Strategic stretch involves:

A. The fit between the organisation and its environment

B. Creating new opportunities by stretching and exploiting capabilities in new ways

C. The skills of the senior management

D. Utilising all the resources of an organisation to their full capacity

✅ The correct answer is option B.
Strategic stretch involves creating new opportunities by stretching and exploiting capabilities in new ways. Strategic Stretch refers to the planning period adopted by an organisation or company while Straregic Intent refers to the sratement of desired organisational leadership that an organisation intends or wishes to achieve in future.

1760. A decision support system, which provides support for decision making by a group of persons is __________.

A. DSSB

B. The firm’s existing MIS

C. GDSS

D. Hardware components

✅ The correct answer is option C.
A decision support system, which provides support for decision making by a group of persons is GDSS. A Group Decision Support System, or GDSS, consists of interactive software that allows for making decisions by a group of participants. The goal of a GDSS is to improve the productivity of a group to come to a decision.