Management MCQs

When planning for employment requirements, what must be forecasted?

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A. Sales desired
B. Production Scheduled
C. Inventory
D. Personnel needs
✅ The correct answer is option D.
When planning for employment requirements, Personnel needs must be forecasted. Personnel planning is the process of deciding what positions the firm will have to fill and how to fill them.

The leadership style considers subordinates do not have ability and immature is.

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A. autocratic style
B. liberal leader
C. democratic leader
D. institutional leader
✅ The correct answer is option D.
The leadership style considers subordinates do not have ability and immature is institutional leader. A leadership style refers to a leader’s characteristic behaviors when directing, motivating, guiding, and managing groups of people.

If input used in manufacturing is smaller in quantity and output produced is greater in quantity, this will be categorized under

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A. lesser effective
B. greater efficiency
C. smaller efficiency
D. greater effective
✅ The correct answer is option B.
If input used in manufacturing is smaller in quantity and output produced is greater in quantity, this will be categorized under greater efficiency. Greater Efficiency Means Greater Success.

Bonds with coupon are attached to bond for paying interest when it becomes due are classified as

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A. trustee bonds
B. local bonds
C. bearer bonds
D. nearer bonds
✅ The correct answer is option C.
Bonds with coupon are attached to bond for paying interest when it becomes due are classified as bearer bonds. A bearer bond is a fixed-income instrument that is owned by whoever is holding it, rather than having a registered owner.

Depository institutions includes

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A. mutual funds
B. commercial banks and thrifts
C. savings banks
D. credit unions
✅ The correct answer is option B.
Depository institutions includes commercial banks and thrifts. A depository is a facility such as a building, office, or warehouse in which something is deposited for storage or safeguarding. It can refer to an organization, bank, or institution that holds securities and assists in the trading of securities.

Process which leads to disassembling and analysis of competitors, operating activities to become acquainted with competitors’ technologies is called

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A. outsource engineering
B. reverse engineering
C. target engineering
D. off shore engineering
✅ The correct answer is option B.
Process which leads to disassembling and analysis of competitors, operating activities to become acquainted with competitors’ technologies is called reverse engineering. Reverse engineering, also called back engineering, is the process by which a man-made object is deconstructed to reveal its designs, architecture, or to extract knowledge from the object; similar to scientific research, the only difference being that scientific research is about a natural phenomenon.

HRM stand for ___.

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A. Human Resource Manager
B. Human Resource Management
C. Human Re Management
D. Human ReManager
✅ The correct answer is option B.
HRM stand for Human Resource Management. Human resource management (HRM) is the practice of recruiting, hiring, deploying and managing an organization’s employees. HRM is often referred to simply as human resources (HR).

Holding an inventory have

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A. buying cost
B. selling cost
C. opportunity cost
D. exchange rate risk
✅ The correct answer is option C.
Holding an inventory have opportunity cost. Opportunity costs represent the benefits an individual, investor or business misses out on when choosing one alternative over another. While financial reports do not show opportunity cost, business owners can use it to make educated decisions when they have multiple options before them.

In __________ strategy assumptions are made that consumers needs are similar worldwide

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A. Global
B. Multidomestic
C. International
D. Transnational
✅ The correct answer is option A.
In Global strategy assumptions are made that consumers needs are similar worldwide. A global strategy refers to the plans an organization has developed to target growth beyond its borders. Specifically, it aims to increase the sales of goods or services abroad. ‘Global strategy’ is, in fact, a shortened term that covers three strategies: international, multinational, and global.

The packaging concept states what the package should be or do for the product.

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A. TRUE
B. FALSE
Answer: Option A
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✅ The correct answer is option A.
The packaging concept states what the package should be or do for the product. Packaging is the activity of designing and producing the container or wrapper for the product. It is an important and effective sales tool for encouraging the consumers for buying. It is powerful medium for sales promotion.