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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681. Way an organization matches its capabilities with available opportunities to accomplish its goals is called

A. elasticity incurrence
B. off shoring
C. strategy
D. engineering
✅ The correct answer is option C.
Way an organization matches its capabilities with available opportunities to accomplish its goals is called strategy. Strategy can also be defined as “A general direction set for the company and its various components to achieve a desired state in the future. Strategy results from the detailed strategic planning process”.

682. Price of underlying asset is added into intrinsic value of option to calculate

A. forward price of option
B. exercise price of option
C. book value of option
D. spot price of option
✅ The correct answer is option B.
Price of underlying asset is added into intrinsic value of option to calculate exercise price of option. The strike price (or exercise price) of an option is the fixed price at which the owner of the option can buy (in the case of a call), or sell (in the case of a put), the underlying security or commodity.

685. According to Edwin Flippo, the first and immediate product of job analysis is

A. The job description
B. The job design
C. The job production
D. The job specification
✅ The correct answer is option A.
According to Edwin Flippo, the first and immediate product of job analysis is the job description. A job description or JD lists the main features of a specific job. The description typically includes the person’s main duties, responsibilities, and working conditions. It also includes the job title and to whom the person holding that job has to report.

686. The written statement of the findings of job analysis is called

A. Job design
B. Job classification
C. Job description
D. Job evaluation
✅ The correct answer is option C.
The written statement of the findings of job analysis is called Job description. It includes information such as job title, job location, reporting to and of employees, job summary, nature and objectives of a job, tasks and duties to be performed, working conditions, machines, tools and equipments to be used by a prospective worker and hazards involved in it.

687. In _____ organization, authority is delegated down the hierarchy.

A. traditional
B. classical
C. operational
D. absolute
✅ The correct answer is option B.
In classical organization, authority is delegated down the hierarchy. This is known as top-down authority. It supports the principle of scalar chain or organisational hierarchy. In this theory, authority flows from top to bottom through various levels of hierarchy.

688. The following technique(s) is based on the critical incident approach.

A. Behaviorally anchored rating scales (BARS)
B. Critical incident technique
C. Both (A) and (B)
D. None of the above
✅ The correct answer is option C.
Behaviorally anchored rating scales (BARS) and Critical incident techniques are based on the critical incident approach.
BARS is designed to bring the benefits of both quantitative and qualitative data to employee appraisal process.
Critical incident technique is a method of gathering facts (incidents) from domain experts or less experienced users of the existing system to gain knowledge of how to improve the performance of the individuals involved.

689. What is synergy?

A. When the organization is providing a product to the customer that perfectly suits their requirements
B. When the parts of an organization are combined and managed in such a way that the drawbacks exceed those which would result if the parts were operating separately
C. When the parts of an organization are combined and managed in such a way that the benefits exceed those which would result if the parts were operating separately
D. When the parts of an organization are combined and managed in such a way to reduce costs
✅ The correct answer is option C.
When the parts of an organization are combined and managed in such a way that the benefits exceed those which would result if the parts were operating separately is known as synergy. Synergy is the concept that the combined value and performance of two companies will be greater than the sum of the separate individual parts. Synergy is a term that is most commonly used in the context of mergers and acquisitions (M&A).
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