Management MCQs

Fundamental redesigning and rethinking of business processes to improve critical measures such as quality, speed, cost and customer satisfaction is called

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A. reengineering
B. differentiation
C. bargaining
D. targeting
✅ The correct answer is option A.
Fundamental redesigning and rethinking of business processes to improve critical measures such as quality, speed, cost and customer satisfaction is called reengineering. Reengineering is most commonly defined as the redesign of business processes and the associated systems and organizational structures to achieve a dramatic improvement in business performance.

Type of exchange members who only buy and sell for their personal account are classified as

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A. non-investment traders
B. professional traders
C. commercial traders
D. investment traders
✅ The correct answer is option B.
Type of exchange members who only buy and sell for their personal account are classified as professional traders. A professional trader is a person who is paid to undertake a specialized set of tasks and to complete them for a fee.

How often should strategic-management activities be performed?

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A. Annually
B. Quarterly
C. Monthly
D. Continuously
✅ The correct answer is option D.
Continuously strategic-management activities should be performed. Strategic management is a continuous process that appraises the business and industries in which the organization is involved, its competitors; and fixes goals to meet all the present and future potential competitors and then reassesses each strategy.

In __________ strategy firms try to achieve a high levels of local responsiveness by making their product or service offering to the requirement of the countries they operate

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A. Global
B. Multidomestic
C. International
D. Transnational
✅ The correct answer is option B.
In Multidomestic strategy firms try to achieve a high levels of local responsiveness by making their product or service offering to the requirement of the countries they operate. A multidomestic strategy is an international marketing approach that chooses to focus advertising and commercial efforts on the needs of a local market rather than taking a more universal or global approach.

Capital Market Line is firstly initiated by

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A. Mohsin
B. Linter
C. Markowitz
D. William Sharpe
✅ The correct answer is option D.
Capital Market Line is firstly initiated by William Sharpe. The capital market line (CML) represents portfolios that optimally combine risk and return. Capital asset pricing model (CAPM), depicts the trade-off between risk and return for efficient portfolios.

The _____ identifies the product or brand.

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A. Container
B. Label
C. Advertisement
D. Warranty
✅ The correct answer is option B.
The Label identifies the product or brand. The brand name is the central focus on the label for identifying a product. Nevertheless, such elements as the logos, brand marks, color schemes, designs, and graphics may also serve to identify a specific brand.

Portfolio Investment is dealing in

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A. Same securities
B. Short term investment
C. Different securities
D. Don
✅ The correct answer is option C.
Portfolio Investment is dealing in different securities. A portfolio investment is a hands-off or passive investment of securities in a portfolio, and it is made with the expectation of earning a return. This expected return is directly correlated with the investment’s expected risk. Additional return calculations exist, such as the money-weighted return.

Translation of organization strategy, and mission into performance measures to provide framework for strategy implementation is termed as

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A. differentiation scorecard
B. bargaining scorecard
C. leadership scorecard
D. balanced scorecard
✅ The correct answer is option D.
Translation of organization strategy, and mission into performance measures to provide framework for strategy implementation is termed as balanced scorecard. A balanced scorecard is a strategic management performance metric used to identify and improve various internal business functions and their resulting external outcomes. Balanced scorecards are used to measure and provide feedback to organizations.

____________ is a tool for simultaneously depicting the service process, the points of customer contact and the evidence of service from the customers point of view.

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A. Front of Planning
B. Service Blueprinting
C. Service standardization
D. None of these
✅ The correct answer is option B.
Service Blueprinting is a tool for simultaneously depicting the service process, the points of customer contact and the evidence of service from the customers point of view. A service blueprint is an operational planning tool that provides guidance on how a service will be provided, specifying the physical evidence, staff actions, and support systems / infrastructure needed to deliver the service across its different channels.

Political hazard is related to danger of loss of worth due to

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A. Government or Public actions
B. Exchange rate movements
C. Poor corporate governance
D. Unfavourable trade negotiations
✅ The correct answer is option A.
Political hazard is related to danger of loss of worth due to Government or Public actions. Political risk is the risk of financial, market or personnel losses because of political decisions or disruptions.