Management MCQs

A creative way to brainstorm, plan, and put your vision into action is to use a(an) ____________.

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A. Mind map
B. Visualization
C. Time log
D. To-do list
✅ The correct answer is option A.
A creative way to brainstorm, plan, and put your vision into action is to use a Mind map. A mind map is a tool for the brain that captures the thinking that goes on inside your head. Mind mapping helps you think, collect knowledge, remember and create ideas.

Requirement of certain amount of issued bond that must be retired every year is classified as

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A. sinking fund provision
B. sinking fund premium
C. sinking fund discount
D. floating fund provision
✅ The correct answer is option A.
Requirement of certain amount of issued bond that must be retired every year is classified as sinking fund provision. A provision in some bond indentures requiring the issuer to put money aside to repay bondholders at maturity. In bonds with such a provision, a fund or account is set up into which an issuer deposits money on a regular basis to repay the bond when it matures.

Federal reserve, money market brokers and dealers, mutual funds and US treasury are all participants of

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A. liquid markets
B. money markets
C. transaction markets
D. functional markets
✅ The correct answer is option B.
Federal reserve, money market brokers and dealers, mutual funds and US treasury are all participants of money markets. The money market is the trade in short-term debt investments. At the wholesale level, it involves large-volume trades between institutions and traders.

The five forces model developed by ________ has been the most commonly used analytical tool for examining competitive environment

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A. Michnal E Porter
B. Lewis Charter
C. Barrywell
D. Schwiz
✅ The correct answer is option A.
The five forces model developed by Michnal E Porter has been the most commonly used analytical tool for examining competitive environment. This is useful, because, when you understand the forces in your environment or industry that can affect your profitability, you’ll be able to adjust your strategy accordingly.

Decisions made by company, which products to manufacture and sell and in what quantities out, of many product lines are called

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A. incremental decisions
B. outsource decisions
C. product mix decisions
D. in-source decisions
✅ The correct answer is option C.
Decisions made by company, which products to manufacture and sell and in what quantities out, of many product lines are called product mix decisions. Product mix decision refers to the decisions regarding adding a new or eliminating any existing product from the product mix, adding a new product line, lengthening any existing line, or bringing new variants of a brand to expand the business and to increase the profitability.

Developing Products, Services, or Process that give a Company a Superior Business Position is termed as _________________.

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A. Monopoly
B. Top Performance
C. Productivity
D. Competitive Advantage
✅ The correct answer is option D.
Developing Products, Services, or Process that give a Company a Superior Business Position is termed as Competitive Advantage. Competitive advantage is the leverage a business has over its competitors. This can be gained by offering clients better and greater value. Advertising products or services with lower prices or higher quality piques the interest of consumers. Target markets recognize these unique products or services.

Planning is looking ahead and control is_________.

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A. looking back
B. looking front
C. looking sideward
D. looking down
✅ The correct answer is option A.
Planning is looking ahead and control is looking back. Planning is the fundamental management function, which involves deciding beforehand, what is to be done, when is it to be done, how it is to be done and who is going to do it.

___ sub system covers granting of credit and cost management

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A. Accounting
B. Purchase
C. Personnel
D. Sales
✅ The correct answer is option A.
Accounting sub system covers granting of credit and cost management. Accounting may be sub-divided into several sub- systems of which financial accounting and cost and management accounting are very significant.

IMF was created in

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A. 1941
B. 1945
C. 1943
D. 1944
✅ The correct answer is option D.
IMF was created in 1944. International Monetary Fund (IMF), United Nations (UN) specialized agency, founded at the Bretton Woods Conference in 1944 to secure international monetary cooperation, to stabilize currency exchange rates, and to expand international liquidity (access to hard currencies).