Management MCQs

The following system is simple, less expensive and less time consuming.

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A. Paired comparison
B. Confidential report system
C. Ranking
D. Checklist method
✅ The correct answer is option C.
Ranking system is simple, less expensive and less time consuming. In a ranking method, jobs are arranged in order of their value or merit to the organization. Accordingly the jobs at the top of the list provide more value to the organization and its relative importance keeps decreasing as we move down the list.

Stock markets in which already issued stocks are resold and re-bought are classified as

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A. red herring stock market
B. pre-emptive stock market
C. silence stock market
D. secondary stock markets
✅ The correct answer is option D.
Stock markets in which already issued stocks are resold and re-bought are classified as secondary stock markets. The secondary market is where investors buy and sell securities they already own. It is what most people typically think of as the “stock market,” though stocks are also sold on the primary market when they are first issued.

Set of clear instruction in a clear and logical sequence to perform a particular task

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A. rules
B. programme
C. policy
D. methods
✅ The correct answer is option B.
Set of clear instruction in a clear and logical sequence to perform a particular task is known as programme. Programme management is the process of managing several related projects, often with the intention of improving an organization’s performance.

Authority which intervenes directly or indirectly in foreign exchange markets by altering interest rates is considered as

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A. centralized instruments
B. centralized stocks
C. central government
D. central corporations
✅ The correct answer is option C.
Authority which intervenes directly or indirectly in foreign exchange markets by altering interest rates is considered as central government. The central government oversees finance, commerce, national defense, foreign affairs, and all laws ‘necessary and proper’.

What is top-down planning?

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A. This takes place in someone’s head, and the decisions may not be written down in any extensive form It is often practiced by entrepreneurial managers with real flair
B. This requires managers to spend time discussing the future opportunities and threats and areas in which the organization might develop
C. This involves managers throughout the organization, and ensures that everyone involved in implementing plans will be consulted
D. This relates to decisions taken at the higher parts of the organization and passed onto other managers for implementation These managers will have had little or no input into the planning process
✅ The correct answer is option D.
Top-down planning relates to decisions taken at the higher parts of the organization and passed onto other managers for implementation. These managers will have had little or no input into the planning process. Top-Down Planning is a method of planning, defining objectives and ways to achieve them through the top down. First, global (framework) goals are set, and ways how to achieve them. They are gradually moved to lower and lower levels of the organizational hierarchy to be developed and specified.

_______ address represents the physical location of the record in file system.

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A. Relative
B. Direct
C. Absolute
D. Indirect
✅ The correct answer is option C.
Absolute address represents the physical location of the record in file system. A unique number that specifies a unique location within the address space where an operand is to be found/deposited, or where an instruction is located. It generally specifies a memory location but in some cases specifies a machine register or an I/O device.

Reverse Engineering method of Technology Transfer is also called as:

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A. FDI
B. Strategic Alliance
C. Licensing
D. Capital Goods trade
✅ The correct answer is option C.
Reverse Engineering method of Technology Transfer is also called as Licensing. The term “reverse engineering” includes any activity you do to determine how a product works, or to learn the ideas and technology that were originally used to develop the product. Reverse engineering is a systematic approach for analyzing the design of existing devices or systems.

The collection of strategies and tactics firms use to scientifically manage demand for their products and services is known as

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A. Customer profitability management
B. Cost of service delivery
C. Segmented pricing
D. Revenue management
✅ The correct answer is option D.
The collection of strategies and tactics firms use to scientifically manage demand for their products and services is known as Revenue management. Revenue management is an extremely important concept within the hospitality industry, because it allows hotel owners to anticipate demand and optimise availability and pricing, in order to achieve the best possible financial results.

International business transactions include

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A. all commercial transactions between two or more countries
B. private, but not governmental, commercial transactions between two or more countries
C. governmental, but not private, commercial transactions between two or more countries
D. only commercial transactions between two or more countries that are entered for the purpose of making a profit
✅ The correct answer is option A.
International business transactions include all commercial transactions between two or more countries. International Business Transactions is a survey course designed to introduce students to cross-border business transactions between private business firms. It considers a wide range of different transactions taking place across borders.