Management MCQs

Effective mission statements can vary in

by
A. length
B. content
C. format
D. all of the above
✅ The correct answer is option D.
Effective mission statements can vary in length, content and format. To be effective, mission statements need to clarify the intentions of the business while being inspirational and meaningful to customers and employees. Successful mission statements may take time to create, but when they are developed correctly, they provide a company with clear direction and purpose.

Which of the following best relates to market share? Market share is:

by
A. the best indicator of performance
B. not important
C. indicative of competitive advantage
D. subjective
✅ The correct answer is option D.
Market share is subjective. Subjective marketing is founded on the marketer’s own experience regarding product successes and failures, knowledge of new products, understanding of the customer and prospect base, and existing and past customer relationships. These all are essential to setting up a marketing plan.

E-operations cover Web based initiatives that

by
A. improve the marketing of existing products
B. improve the creation of existing products
C. improve ways to address an identified set of customer needs
D. improve the selling process
✅ The correct answer is option C.
E-operations cover Web based initiatives that improve ways to address an identified set of customer needs. Through e-HRM, the main activities that could be performed online are Recruitment, Selection, Training, Performance Management, Compensation.

The mental process to interpret environment as’ per one’s own understanding is known as:

by
A. Perception
B. Attitude
C. Personality
D. Ability
✅ The correct answer is option A.
The mental process to interpret environment as’ per one’s own understanding is known as Perception. Perception is an intellectual process of transforming sensory stimuli to meaningful information. It is the process of interpreting something that we see or hear in our mind and use it later to judge and give a verdict on a situation, person, group etc.

Strategic human resource management involves

by
A. Financing project marketing related programming
B. setting employment standards and policies
C. linking human resources with strategic objectives to improve performance
D. Project planning
✅ The correct answer is option C.
Strategic human resource management involves linking human resources with strategic objectives to improve performance. Strategic human resource management is the practice of attracting, developing, rewarding, and retaining employees for the benefit of both the employees as individuals and the organization as a whole. As a result, the goals of a human resource department reflect and support the goals of the rest of the organization.

Why do companies use external job searches instead of internal searches?

by
A. Legal requirements
B. It is less expensive
C. Companies can add new talent, new ideas to the organization
D. Orientation time is reduced
✅ The correct answer is option C.
Companies use external job searches instead of internal searches so that companies can add new talent, new ideas to the organization. External recruiting helps establish an employer brand that attracts high-quality candidates. By advertising the job through multiple channels, people recognize your brand and company culture.

In treasury bills auction, treasury bills are sold at

by
A. premium basis
B. discount basis
C. competitive basis
D. federal basis
✅ The correct answer is option B.
In treasury bills auction, treasury bills are sold at discount basis. Treasury bills are sold at a discount to the par value. It is a static value determined at the time of issuance and, unlike market value, it doesn’t fluctuate on a regular basis., which is its actual value.

Structured decisions are ___________ in nature.

by
A. Non-Repetitive
B. Repetitive
C. Routine
D. Both (b) & (c)
✅ The correct answer is option D.
Structured decisions are repetitive and routine in nature. Structured decisions are the decisions which are made under the established situations for example hiring a new employee while unstructured decisions are made under the emergent situation, for example fire breakout.

________is a force to drive a person to action

by
A. motivation
B. coordination
C. co-operation
D. control
✅ The correct answer is option A.
Motivation is a force to drive a person to action. Motivation is the word derived from the word ‘motive’ which means needs, desires, wants or drives within the individuals. It is the process of stimulating people to actions to accomplish the goals.

Type of option that gives right to buyer to buy underlying option at specific exercise price is considered as

by
A. European option
B. Australian option
C. call option
D. put option
✅ The correct answer is option C.
Type of option that gives right to buyer to buy underlying option at specific exercise price is considered as call option. Call options are financial contracts that give the option buyer the right, but not the obligation, to buy a stock, bond, commodity or other asset or instrument at a specified price within a specific time period.