Management MCQs

Banks that deals with reciprocal agreements and accounts are considered as

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A. correspondent banks
B. non-correspondent banks
C. reciprocal transactions
D. functional banks
✅ The correct answer is option A.
Banks that deals with reciprocal agreements and accounts are considered as correspondent banks. Correspondent banks are financial institutions that act as an agent on behalf of other financial institutions, usually foreign banks.

Loan which is made available for businesses or individuals to buy land, home or other property is classified as

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A. secondary loan
B. primary loan
C. mortgages
D. swapped mortgages
✅ The correct answer is option C.
Loan which is made available for businesses or individuals to buy land, home or other property is classified as 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.

The _____ organization often constructs its own messages.

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A. formal
B. informal
C. stable
D. unstable
✅ The correct answer is option B.
The informal organization often constructs its own messages. An informal organization is the social structure of the organization, as opposed to the formal structure of an organization. It establishes how an organization functions from a practical standpoint. The informal organization can work in concurrence with the formal organizational structure, parallel with it, or against it.

______ is any sharp disagreement or collision of interests and ideas.

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A. Issues management
B. Conflict positioning
C. A conflict
D. A crisis
✅ The correct answer is option C.
A conflict is any sharp disagreement or collision of interests and ideas. Conflict is serious disagreement and argument about something important. If two people or groups are in conflict, they have had a serious disagreement or argument and have not yet reached agreement.

Department who is appointed by bond holders as representative or monitor of bonds is considered as

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A. trustee
B. trust department
C. monitoring department
D. indenture department
✅ The correct answer is option A.
Department who is appointed by bond holders as representative or monitor of bonds is considered as trustee. A bond trustee is hired by a bond issuer and oversees the implementation of a bond or trust indenture, which is a contract between a bond issuer and a bondholder. The trustee has a fiduciary responsibility to act on behalf of the issuer, rather than in its own interests.

The skimming, penetration, bargaining and bundling are decided in the ____________ of the Marketing Mix strategy.

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A. Price Decisions
B. Place Decisions
C. Product Decisions
D. Promotion Decisions
✅ The correct answer is option A.
The skimming, penetration, bargaining and bundling are decided in the price decisions of the Marketing Mix strategy. Pricing decisions are basically decided on the basis of Cost of the product.

Operations Research uses models built by quantitative measurement of the variables of a given problem and also derives a solution from the model using _____________ of the diversified solution techniques.

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A. Two or more
B. One or more
C. Three or more
D. Only One
✅ The correct answer is option B.
Operations Research uses models built by quantitative measurement of the variables of a given problem and also derives a solution from the model using one or more of the diversified solution techniques. Diversified Sourcing Solutions uses various services and techniques to check for criminal background information among applicants considered for a job offer.

Departmentation is a part of the _______.

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A. organisaiton process
B. control process
C. planning process
D. staffing process
✅ The correct answer is option A.
Departmentation is a part of the organisaiton process. Departmentation means division of work into smaller units and their re-grouping into bigger units (departments) on the basis of similarity of features.

Quantity of produced output is divided by quantity of used input to calculate

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A. targeted productivity
B. total factor productivity
C. partial productivity
D. unused productivity
✅ The correct answer is option C.
Quantity of produced output is divided by quantity of used input to calculate partial productivity. Partial productivity refers to the measurement solutions which do not meet the requirements of total productivity measurement, yet, being practicable as indicators of total productivity. In practice, measurement in production means measures of partial productivity.