Management MCQs

Fixed cost is divided by break-even revenues to calculate

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A. cost margin
B. fixed margin
C. revenue margin
D. contribution margin
✅ The correct answer is option D.
Fixed cost is divided by break-even revenues to calculate contribution margin. Contribution margin is a product’s price minus all associated variable costs, resulting in the incremental profit earned for each unit sold. The total contribution margin generated by an entity represents the total earnings available to pay for fixed expenses and to generate a profit.

The general purpose system simulation language.

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A. Requires programme writing
B. Does not require programme writing
C. Requires predefined coding forms
D. Needs a set of equations to describe a system
✅ The correct answer is option B.
The general purpose system simulation language does not require programme writing. General Purpose Simulation System (GPSS) is a discrete time simulation general-purpose programming language, where a simulation clock advances in discrete steps. It is used primarily as a process flow oriented simulation language; this is particularly well-suited for problems such as a factory.

Which computer based model is developed after human brain?

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A. Fuzzy Logic
B. Neural Network
C. Virtual-Reality
D. All of the above
✅ The correct answer is option B.
Neural Network computer based model is developed after human brain. Neural network, a computer program that operates in a manner inspired by the natural neural network in the brain.

__________ has become a popular way to expand delivery of an effective service concept to multiple sites without the level of investment capital that would be otherwise needed.

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A. Multi-site expansion
B. Sub-contracting
C. Franchising
D. Company-owned expansion
✅ The correct answer is option C.
Franchising has become a popular way to expand delivery of an effective service concept to multiple sites without the level of investment capital that would be otherwise needed. Franchising is a form of business by which the owner (franchisor) of a product, service or method obtains distribution through affiliated dealers (franchisees). If buying an existing business doesn’t sound right for you but starting from scratch sounds a bit intimidating, you could be suited for franchise ownership.

Possibly the most important pre-20th century influence on management was:

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A. Scientific management
B. The industrial revolution
C. The division of labour
D. Therbligs
✅ The correct answer is option A.
Possibly the most important pre-20th century influence on management was Scientific management. The Scientific Management Theory is well known for its application of engineering science at the production floor or the operating levels.

Equilibrium interest rate decreases and economic conditions increases then supply curve must shift to

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A. up and to left
B. up and to right
C. down and to left
D. down and to right
✅ The correct answer is option D.
Equilibrium interest rate decreases and economic conditions increases then supply curve must shift to down and to right. The equilibrium interest rate is the rate at which the quantity of money demanded is equal to the quantity of money supplied.

While solving a LP model graphically, the area bounded by the constraints is called?

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A. Feasible region
B. Infeasible region
C. Unbounded solution
D. None of the above
✅ The correct answer is option A.
While solving a LP model graphically, the area bounded by the constraints is called feasible region. It is the set of all possible points (sets of values of the choice variables) of an optimization problem that satisfy the problem’s constraints, potentially including inequalities, equalities, and integer constraints.

Electronic Filing, Voice Mail are the reponsibilities of _______________.

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A. Office Automation System
B. Transaction Processing System
C. Expert System
D. Executive Support System
✅ The correct answer is option A.
Electronic Filing, Voice Mail are the reponsibilities of Office Automation System. Office automation systems (OAS) are configurations of networked computer hardware and software. A variety of office automation systems are now applied to business and communication functions that used to be performed manually or in multiple locations of a company, such as preparing written communications and strategic planning.