Management MCQs

ECS means ___________________.

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A. Enterprise Collaboration System
B. Economical Calculation Service
C. Enterprise Communication System
D. Economical Communication Service
✅ The correct answer is option A.
ECS means Enterprise Collaboration System. An Enterprise Collaboration System (ECS) is an information system used to facilitate efficient sharing of documents and knowledge between teams and individuals in an enterprise. ECS tools include the Internet, groupware, various forms of software and hardware and internal and external networks.

In financial markets, bond indenture results in

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A. lower federal rate
B. higher federal rate
C. higher risk
D. lower risk
✅ The correct answer is option D.
In financial markets, bond indenture results in lower risk. A bond indenture is the contract associated with a bond. The terms of a bond indenture include a description of the bond features, restrictions placed on the issuer, and the actions that will be triggered if the issuer fails to make timely payments.

X and Y theory was introduced by_______.

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A. Mc gregor
B. Peter drucker
C. Henry fayol
D. FW taylor
✅ The correct answer is option A.
X and Y theory was introduced by Mc gregor. Theory X and Theory Y were first explained by McGregor in his book, “The Human Side of Enterprise,” and they refer to two styles of management – authoritarian (Theory X) and participative (Theory Y).

Financial institutions having loans swapped for bonds can sell all bonds in

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A. under-developed markets
B. developed markets
C. primary markets
D. secondary markets
✅ The correct answer is option D.
Financial institutions having loans swapped for bonds can sell all bonds in secondary markets. A secondary market is a marketplace where already issued securities both shares and debt can be bought and sold by the investors. So, it is a market where investors buy securities from other investors, and not from the issuing company.

The evolution of Electronic data processing_______

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A. 1951-60
B. 1961-70
C. 1981-90
D. 1971
✅ The correct answer is option A.
The evolution of Electronic data processing 1951-60. Electronic data processing is a frequently used term for automatic information processing. It uses the computers to manipulate, record, classification and to summarize data. A computer is the best example of an electronic data processing machine.

The three important components in aligning business strategy with HR practice:

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A. Business Strategy, Human Resource Practices, Organisational Capabilities
B. Marketing Strategy, Human Resource Practices, Organisational Capabilities
C. Business Strategy, Human Resource Practices, Organisational structure
D. Marketing Strategy, Human Resource Practices, Organisational structure
✅ The correct answer is option A.
The three important components in aligning business strategy with HR practice are Business Strategy, Human Resource Practices and Organisational Capabilities.

_________ is an attitude formed by a long-term, overall evaluation of a firm’s performance.

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A. Customer satisfaction
B. Negative disconfirmation
C. Positive disconfirmation
D. Service quality
✅ The correct answer is option D.
Service quality is an attitude formed by a long-term, overall evaluation of a firm’s performance. Service quality generally refers to a customer’s comparison of service expectations as it relates to a company’s performance.

Functional level strategy directly supports

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A. corporate strategy
B. business strategy
C. differentiation strategy
D. focus strategy
✅ The correct answer is option B.
Functional level strategy directly supports business strategy. A business strategy is a set of competitive moves and actions that a business uses to attract customers, compete successfully, strengthening performance, and achieve organisational goals. It outlines how business should be carried out to reach the desired ends.

The role if IMF does not include

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A. monitoring the proper conduct of the international monetary system
B. lending to socially oriented projects
C. financing temporary balance of payments deficits of member countries
D. providing source of liquidity to member countries
✅ The correct answer is option B.
The role if IMF does not include lending to socially oriented projects. The IMF’s fundamental mission is to help ensure stability in the international system. It does so in three ways: keeping track of the global economy and the economies of member countries; lending to countries with balance of payments difficulties; and giving practical help to members.

In static budget, difference between corresponding budgeted amount and actual result is called

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A. sales mix variance
B. sales volume variance
C. flexible budget variance
D. static budget variance
✅ The correct answer is option D.
In static budget, difference between corresponding budgeted amount and actual result is called static budget variance. Static budget variances are the differences between what a company or individual thought it would spend in its budget versus what it actually did.