Management MCQs

Companies that perform in less competitive markets and their market offerings significantly differ are classified as

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A. independent revenue approach
B. market based approach
C. cost based approach
D. dependent revenue approach
✅ The correct answer is option C.
Companies that perform in less competitive markets and their market offerings significantly differ are classified as cost based approach. Cost based pricing is one of the pricing methods of determining the selling price of a product by the company, wherein the price of a product is determined by adding a profit element (percentage) in addition to the cost of making the product.

Mr. Lopez buys goods and services for use in the production of products that are sold and supplied to others. Mr. Lopez is involved in ________.

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A. Consumer buying behavior
B. Post-purchase dissonance
C. Retail buyer behavior
D. Business buyer behavior
✅ The correct answer is option D.
Mr. Lopez buys goods and services for use in the production of products that are sold and supplied to others. Mr. Lopez is involved in business buyer behavior. Business buyer behaviour is the intent and behaviour shown by companies and employees into making purchases for the organization. Business buying behaviour is the concept of understanding the needs and wants of a business and making appropriate purchases, which ultimately help a company get profits.

Increasing the number and variety of tasks assigned to a job is called

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A. Job rotation
B. Job enlargement
C. Job enrichment
D. (a) and (c)
✅ The correct answer is option B.
Increasing the number and variety of tasks assigned to a job is called Job enlargement. It is a vertical expansion of the job as opposed to the horizontal expansion of a job, which is called job enlargement.

In overall business side the MIS planning initiates from business _____.

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A. Task
B. Event
C. Planning
D. Operations
✅ The correct answer is option C.
In overall business side the MIS planning initiates from business planning. A business plan is a written document that describes in detail how a business usually a new one is going to achieve its goals. A business plan lays out a written plan from a marketing, financial and operational viewpoint.

Berlin wall eliminate in

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A. 1980
B. 1983
C. 1988
D. 1989
✅ The correct answer is option D.
Berlin wall eliminate in 1989. The Berlin Wall fell on 9 November 1989 In 1989, political changes in Eastern Europe and civil unrest in Germany put pressure on the East German government to loosen some of its regulations on travel to West Germany.

TPS means ____________.

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A. Transaction Plan Master
B. Transaction Processing System
C. Transport Plan Management
D. All of the above
✅ The correct answer is option B.
TPS means Transaction Processing System. A transaction process system (TPS) is an information processing system for business transactions involving the collection, modification and retrieval of all transaction data. Characteristics of a TPS include performance, reliability and consistency. TPS is also known as transaction processing or real-time processing.

Short term promissory notes and are unsecured, not collateralized against securities is classified as

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A. notes payable
B. notes receivable
C. commercial paper
D. commercial notes
✅ The correct answer is option C.
Short term promissory notes and are unsecured, not collateralized against securities is classified as commercial paper. Commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts payable and inventories and meeting short-term liabilities.

The overall recruit process will be control by _____ person

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A. HR
B. Manager
C. GM
D. In charge
✅ The correct answer is option A.
The overall recruit process will be control by HR person. Human resources specialists are responsible for recruiting, screening, interviewing and placing workers. They may also handle employee relations, payroll, benefits, and training. Human resources managers plan, direct and coordinate the administrative functions of an organization.

________ is the study of how individuals, groups, and organizations select, buy, use, and dispose of goods, services, ideas, or experiences to satisfy their needs and wants.

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A. Target marketing
B. Psychographic segmentation
C. Product Differentiation
D. Consumer behavior
✅ The correct answer is option D.
Consumer behavior is the study of how individuals, groups, and organizations select, buy, use, and dispose of goods, services, ideas, or experiences to satisfy their needs and wants. It refers to the actions of the consumers in the marketplace and the underlying motives for those actions.