Management MCQs

Which activity of an Information System converts raw input into a meaningful form__________.

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A. Input
B. Processing
C. Output
D. Feedback
✅ The correct answer is option B.
Processing activity of an Information System converts raw input into a meaningful form. Input, processing, and output are the three activities in an information system that produce the information an organization needs. Input captures or collects raw data from within the organization or from its external environment. Processing converts this raw input into a meaningful form.

Operations Research uses models to help the management to determine its ___________ scientifically.

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A. Policies
B. Actions
C. Both A and B
D. None of the above
✅ The correct answer is option C.
Operations Research uses models to help the management to determine its policies and actions scientifically. It uses various scientific research-based principles, strategies, and analytical methods including mathematical modeling, statistics and numerical algorithms to improve an organization’s ability to enact rational and meaningful management decisions by arriving at optimal or near optimal solutions.

Constraints in LP problem are called active if they.

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A. Represent optimal solution
B. At optimality do not consume all the available resources
C. Both a & b
D. None of the above
✅ The correct answer is option A.
Constraints in LP problem are called active if they Represent optimal solution. An optimal solution that lies at the intersection. point of two constraints causes both of those constraints to be considered active.

“How are you telling consumers in your target group about your product” This question belongs to which marketing concept?

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A. Product
B. Price
C. Place
D. Promotion
✅ The correct answer is option D.
Promotion is a type of communication between the buyer and the seller. The seller tries to persuade the buyer to purchase their goods or services through promotions. It helps in making the people aware of a product, service or a company. It also helps to improve the public image of a company. This method of marketing may also create interest in the minds of buyers and can also generate loyal customers.

Under fixed exchange rate system, fall in the value of domestic currency due to deficit in balance of payments resulted in

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A. depreciation of the currency
B. devaluation of the currency
C. appreciation of the currency
D. no change in the exchange rate normally
✅ The correct answer is option D.
Under fixed exchange rate system, fall in the value of domestic currency due to deficit in balance of payments resulted in no change in the exchange rate normally. A fixed exchange rate is a regime applied by a government or central bank ties the country’s currency official exchange rate to another country’s currency or the price of gold. The purpose of a fixed exchange rate system is to keep a currency’s value within a narrow band.

In New York Stock exchange, fully automated information and trading system which allows to execute orders for bonds is classified as

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A. secondary stock system
B. primary stock system
C. automated stock system
D. automated bond system
✅ The correct answer is option D.
In New York Stock exchange, fully automated information and trading system which allows to execute orders for bonds is classified as automated bond system. The Automated Bond System automatically records any and all movements in the bid and ask prices for inactive bonds until they are bought, sold, or canceled.

According to best efforts offering, investment bank in return of providing services must

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A. not receive fee
B. receive fee
C. receive interest rate
D. receive market rate of return
✅ The correct answer is option B.
According to best efforts offering, investment bank in return of providing services must receive fee. An investment bank (IB) is a financial intermediary that performs a variety of services. Most Investment banks specialize in large and complex financial transactions, such as underwriting, acting as an intermediary between a securities issuer and the investing public, facilitating mergers and other corporate reorganizations and acting as a broker or financial adviser for institutional clients.

Chart which represents how regularly defect occurs in production process is classified as

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A. relevant costing diagram
B. cause and effect diagram
C. control chart
D. Pareto chart
✅ The correct answer is option D.
Chart which represents how regularly defect occurs in production process is classified as Pareto chart. A Pareto chart is a type of chart that contains both bars and a line graph, where individual values are represented in descending order by bars, and the cumulative total is represented by the line.