Management MCQs

In punched card system, holes are punched by device are called ______.

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A. Hole
B. Key stroke
C. Key punch
D. Scanning
✅ The correct answer is option C.
In punched card system, holes are punched by device are called Key punch. Punch cards also known as Hollerith cards and IBM cards are paper cards containing several punched or perforated holes that were punched by hand or machine to represent data. These cards allowed companies to store and access information by entering the card into the computer.

Buying of goods or services from suppliers or vendors of some other country instead of local supplier is classified as

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A. outsourcing
B. insourcing
C. idle sourcing
D. sunk sourcing
✅ The correct answer is option A.
Buying of goods or services from suppliers or vendors of some other country instead of local supplier is classified as outsourcing. Outsourcing is the business practice of hiring a party outside a company to perform services and create goods that traditionally were performed in-house by the company’s own employees and staff. Outsourcing is a practice usually undertaken by companies as a cost-cutting measure.

In US treasury, inflation indexed bond is classified as

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A. treasury inflation protection securities
B. treasury inflation protection notes
C. treasury inflation commercial papers
D. inflation coupon protection securities
✅ The correct answer is option A.
In US treasury, inflation indexed bond is classified as treasury inflation protection securities. Treasury Inflation-Protected Securities (TIPS) are a form of U.S. Treasury bond designed to help investors protect against inflation. These bonds are indexed to inflation, have U.S. government backing, and pay investors a fixed interest rate as the bond’s par value adjusts with the inflation rate.

An example of customer perspective in balanced scorecard is

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A. employee turnover rates
B. operating capabilities and number of patents
C. operating income and revenue growth
D. customer satisfaction and market share
✅ The correct answer is option D.
An example of customer perspective in balanced scorecard is customer satisfaction and market share. A balanced scorecard is a strategic management performance metric used to identify and improve various internal business functions and their resulting external outcomes.

A costing system, which focuses on individual activities as particular cost object is classified as

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A. activity based costing
B. improved costing
C. learned improvements
D. positive effectiveness
✅ The correct answer is option A.
A costing system, which focuses on individual activities as particular cost object is classified as activity based costing. Activity-based costing (ABC) is a costing method that assigns overhead and indirect costs to related products and services.

Although firm infrastructure is quite frequently viewed only as overhead expense, it can become a source of competitive advantage. Examples include all of the following except:

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A. negotiating and maintaining ongoing relations with regulatory bodies
B. marketing expertise increasing a firm’s revenues and enabling it to enter new markets
C. effective information systems contributing significantly to a firm’s overall cost leadership strategy
D. top management providing a key role in collaborating with important customers
✅ The correct answer is option B.
Although firm infrastructure is quite frequently viewed only as overhead expense, it can become a source of competitive advantage. Examples include all of the following except marketing expertise increasing a firm’s revenues and enabling it to enter new markets. Firm infrastructure refers to an organization’s structure and its management, planning, accounting, finance and quality-control mechanisms.

Low absenteeism and turnover is the outcome of which of the following core dimensions described by the Job Characteristics Model

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A. Autonomy
B. Feedback
C. Task Identity
D. Task Significance
✅ The correct answer is option D.
Low absenteeism and turnover is the outcome of Task Significance core dimensions described by the Job Characteristics Model. Job Characteristics Theory states that a job having more variety and thus requiring more skills and talents will result in an employee feeling that they are doing more meaningful work.

In cost accounting, financial way of charging price for product above cost, of acquiring or producing goods is known as

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A. sales margin
B. cost margin
C. Gross margin
D. income margin
✅ The correct answer is option C.
In cost accounting, financial way of charging price for product above cost, of acquiring or producing goods is known as Gross margin. Gross margin is a company’s net sales revenue minus its cost of goods sold (COGS). In other words, it is the sales revenue a company retains after incurring the direct costs associated with producing the goods it sells, and the services it provides.

Sound strategic choices will always address four issues. Which of the following is one of those reasons?

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A. Availablility of resources
B. Strategic thinking
C. Strategic fit
D. Financial returns
✅ The correct answer is option D.
Sound strategic choices will always address four issues. Financial returns is one of those reasons. A return, also known as a financial return, in its simplest terms, is the money made or lost on an investment over some period of time. A return can be expressed nominally as the change in dollar value of an investment over time.