Management

Enhance your preparation with the latest Management MCQs with answers and explanations for exams, interviews, and job tests. Our collection covers key topics including principles of management, organizational behavior, human resource management, marketing, finance, operations, strategic management, and business ethics. These Management multiple-choice questions are designed for students, competitive exam aspirants, and professionals preparing for NTS, PPSC, FPSC, CSS, PMS, MBA entrance tests, and recruitment assessments. Strengthen your management knowledge and problem-solving skills with our updated Management MCQs.

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

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.

352. A concept which explains a received money in present time, is more valuable than money received in future is called

A. lead value of money
B. storage value of money
C. time value of money
D. cash value of money
✅ The correct answer is option C.
A concept which explains a received money in present time, is more valuable than money received in future is called time value of money. The time value of money (TVM) is the concept that money available at the present time is worth more than the identical sum in the future due to its potential earning capacity.

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

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.

354. Which writing style characterizes the memos?

A. Informal
B. Formal
C. Impersonal tone
D. Neutral
✅ The correct answer is option A.
Informal writing style characterizes the memos. An informal writing style is often more direct than a formal style and may rely more heavily on contractions, abbreviations, short sentences, and ellipses.

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

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.

356. Liquidity status of certificate of deposit which is more negotiable is considered as

A. certified liquidity
B. term liquidity
C. more liquid
D. less liquid
✅ The correct answer is option C.
Liquidity status of certificate of deposit which is more negotiable is considered as more liquid. Liquid certificates of deposit are a type of certificate of deposit (CD) that allow investors to make withdrawals without incurring a penalty. The funds in the account are accessible throughout the lifetime of the product where most traditional CD’s apply a hefty fee for withdrawing early, reducing the interest earned to that point.

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

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.

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

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.

360. Successful service companies focus their attention on both their customers and their employees. They understand ___________, which links service firm profits with employee and customer satisfaction.

A. Internal marketing
B. Service-profit chains
C. Interactive marketing
D. Service differentiation
✅ The correct answer is option B.
Successful service companies focus their attention on both their customers and their employees. They understand service-profit chains, which links service firm profits with employee and customer satisfaction. The service profit chain dissects the levers that translate good service into profitability.
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