Management MCQs

Operations Research techniques helps the directing authority in optimum allocation of various limited resources, such as ______________.

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A. Men and Machine
B. Money
C. Material and Time
D. All of the above
✅ The correct answer is option D.
Operations Research techniques helps the directing authority in optimum allocation of various limited resources, such as Men and Machine, Money and Material and Time.

Mortgages used to purchase townhouses and apartment complexes are classified as

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A. multi mortgage
B. multifamily dwelling mortgages
C. sovereign dwelling mortgages
D. primary dwelling mortgages
✅ The correct answer is option B.
Mortgages used to purchase townhouses and apartment complexes are classified as multifamily dwelling mortgages. A mortgage is a loan from a bank or a financial institution that helps the borrower purchase a house. A mortgage is secured by the home itself, so if the borrower defaults on the loan, the bank can sell the home and recoup its losses.

An approach is used to manage unused capacity is

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A. reengineering
B. downsizing
C. upgrading
D. none of above
✅ The correct answer is option B.
An approach is used to manage unused capacity is downsizing. Downsizing (also called rightsizing) is an integrated approach configuring processes, products, and people to match costs to the activities that need to be performed to operate effectively and efficiently in the present and future. Downsizing is an attempt to eliminate unused capacity.

Bonds issued by corporations for relatively longer term are classified as

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A. long term bonds
B. short term bonds
C. corporate bonds
D. Federal Reserve bonds
✅ The correct answer is option C.
Bonds issued by corporations for relatively longer term are classified as corporate bonds. A corporate bond is a debt security issued by a corporation and sold to investors. The backing for the bond is usually the payment ability of the company, which is typically money to be earned from future operations. In some cases, the company’s physical assets may be used as collateral for bonds.

Google are using information technology to pursue this generic strategy of ____________.

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A. Low-cost leadership
B. Product differentiation
C. Focus on market niche
D. Strengthening customer and supplier intimacy
✅ The correct answer is option B.
Google are using information technology to pursue this generic strategy of Product differentiation. Product differentiation (or just differentiation) is a marketing process of differentiating an offering (product or service) from others in the market.

TQM is a strategy that is designed to change the quality of a product to satisfy customer needs by using the concept of _________:

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A. benchmarking
B. brainstorming
C. reverse brainstorming
D. product maintenance
✅ The correct answer is option A.
TQM is a strategy that is designed to change the quality of a product to satisfy customer needs by using the concept of benchmarking. Benchmarking, is a tool of strategic management, that allows the organization to set goals and measure productivity, on the basis of the best industry practices. It is a practice in which quality level is used as a point of reference to evaluate things by making a comparison.

A BFS of a LPP is said to be ________________ if at least one of the basic variable is zero.

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A. Degenerate
B. Non_degenerate
C. Infeasible
D. Unbounded
✅ The correct answer is option A.
A BFS of a LPP is said to be degenerate if at least one of the basic variable is zero. A basic feasible solution is called degenerate if value of at least one basic variable is zero.

Why are employers interested in employee engagement?

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A. To encourage employees to trust their manager
B. To make a quick profit
C. To make employees work harder for less
D. Because engaged employees are more motivated and prepared to give their best to make the firm succeed
✅ The correct answer is option D.
Employers are interested in employee engagement because engaged employees are more motivated and prepared to give their best to make the firm succeed. When employees are engaged at work, they feel a connection with the company. They believe that the work they’re doing is important and therefore work harder.