Management MCQs

Under point method, factor(s) generally considered are

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A. Skill, effort, Accountability
B. Skill, job enrichment, accountability
C. Wage, job enrichment, accountability
D. Wage effort, accountability
✅ The correct answer is option A.
Under point method, factors generally considered are Skill, effort and Accountability. The point method is an extension of the factor comparison method. Each factor is then divided into levels or degrees which are then assigned points. Each job is rated using the job evaluation instrument. The points for each factor are summed to form a total point score for the job.

Which of these is not a factor causing weak synergy?

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A. Underestimated weaknesses
B. Competitor activity
C. Premium paid
D. Making too many resources available to the integration program
✅ The correct answer is option D.
Making too many resources available to the integration program is not a factor causing weak synergy. Weak synergy was defined there as group performance that exceeds the performance of its average member when working alone.

Point system and factor comparison methods are placed under such category

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A. Non
B. Quantitative job evaluation
C. Any of the above
Answer: Option B
✅ The correct answer is option B.
Point system and factor comparison methods are placed under Quantitative job evaluation. This is the most widely used method for job evaluation. It along with factor comparison method, involves a more detailed, quantitative and analytical approach to the measurement of job worth.

The process of developing an applicants’ pool for job openings in an Organisation is called

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A. Hiring
B. Recruitment
C. Selection
D. Retention
✅ The correct answer is option B.
The process of developing an applicants’ pool for job openings in an Organisation is called Recruitment. Recruitment is the process of searching for prospective employees and stimulating them to apply the jobs in their organisation.

Markets in which derivatives are traded are classified as

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A. assets backed market
B. cash flow backed markets
C. mortgage backed markets
D. derivative securities markets
✅ The correct answer is option D.
Markets in which derivatives are traded are classified as derivative securities markets. Derivative Securities Markets. Derivative securities (also called derivatives) are financial contracts whose values are derived from the values of underlying financial assets (such as securities).

Consideration of increased operating income relative to budgeted amount is classified as

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A. favourable variance
B. unfavourable variance
C. revenue variance
D. cost variance
✅ The correct answer is option A.
Consideration of increased operating income relative to budgeted amount is classified as favourable variance. A favorable budget variance indicates that an actual result is better for the company (or other organization) than the amount that was budgeted.

Monetary expansion decreases and there is increase in equilibrium interest rate then supply curve of funds must shift

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A. down and to left
B. down and to right
C. up and to left
D. up and to right
✅ The correct answer is option C.
Monetary expansion decreases and there is increase in equilibrium interest rate then supply curve of funds must shift up and to left. Expansionary monetary policy is when a central bank uses its tools to stimulate the economy. That increases the money supply, lowers interest rates, and increases aggregate demand. It boosts growth as measured by gross domestic product.

_________ will produce the periodic financial statements and reports of the business.

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A. Cash ledger
B. Final Account
C. Trail Balance
D. General Ledger
✅ The correct answer is option D.
General Ledger will produce the periodic financial statements and reports of the business. In the general ledger, record each of the transactions twice as both a subtraction (debit) and addition (credit). The general ledger is the main accounting record of the company.

Quantity of produced output is divided with cost of all used inputs to calculate

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A. engineered productivity
B. targeted productivity
C. partial productivity
D. total factor productivity
✅ The correct answer is option D.
Quantity of produced output is divided with cost of all used inputs to calculate total factor productivity. Total factor productivity (TFP) is a measure of productivity calculated by dividing economy-wide total production by the weighted average of inputs i.e. labor and capital. It represents growth in real output which is in excess of the growth in inputs such as labor and capital.