Management MCQs

The corporate level is where top management directs:

by
A. all employees for orientation
B. its efforts to stabilize recruitment needs
C. overall strategy for the entire organization
D. overall sales projections
✅ The correct answer is option C.
The corporate level is where top management directs overall strategy for the entire organization. A corporate-level strategy is when a business makes a decision that affects the whole company. A corporate-level strategy affects a company’s finances, management, human resources, and where the products are sold.

Which technique is used to imitate an operation prior to actual performance ?

by
A. Simulation
B. Integrated Production Models
C. Inventory Control
D. Game Theory
✅ The correct answer is option A.
Simulation technique is used to imitate an operation prior to actual performance. A simulation technique uses a probability experiment to mimic a real-life situation. Instead of studying the actual situation, which might be too costly, too dangerous, or too time-consuming, scientists and researchers create a similar situation but one that is less expensive, less dangerous, or less time-consuming.

In a firm the reports are generated under condition are called _____ reports.

by
A. exception
B. condition
C. standard
D. periodic
✅ The correct answer is option A.
In a firm the reports are generated under condition are called exception reports. An exception report is a document that states those instances in which actual performance deviated significantly from expectations, usually in a negative direction. The intent of the report is to focus management attention on just those areas requiring immediate action.

Governments enforce currency limitations to

by
A. protect a currency from speculators
B. keep resident individuals and businesses from investing in other nations
C. preserve hard currencies to finance trade deficits or repay debts
D. all of above
✅ The correct answer is option D.
Governments enforce currency limitations to protect a currency from speculators, keep resident individuals and businesses from investing in other nations and preserve hard currencies to finance trade deficits or repay debts.

Why might there be some difficulty in identifying and applying the Best-practice approach to HRM in Organisations?

by
A. Because the best-practice approach tends to be resource- intensive
B. Because there is much variation in the literature and empirical research as to what constitutes best-practice
C. Because the best-practice approach would not fit the cost-reduction driven strategies favoured by many in short-terms economies.
D. Because the best-practice approach does not emphasize the individual business context
✅ The correct answer is option A.
There might be some difficulty in identifying and applying the Best-practice approach to HRM in Organisations because there might be some difficulty in identifying and applying the Best-practice approach to HRM in Organisations.

The primary aim of recruitment and selection process is to

by
A. Meet the high labour turnover
B. Hire the best individuals at optimum cost
C. Ensure the availability of surplus in the case of sickness and absence
D. Hire Excess manpower for the future
✅ The correct answer is option B.
The primary aim of recruitment and selection process is to hire the best individuals at optimum cost. It can assist the HR personnel to select the right candidate on the basis of merit and relevance with the job.

Rates of certificate of deposits are mostly negotiated between

by
A. bank and COD buyer
B. bank and stock market
C. stock market and COD buyer
D. indirect negotiations of buyers
✅ The correct answer is option A.
Rates of certificate of deposits are mostly negotiated between bank and COD buyer. A certificate of deposit (CD) is a product offered by banks and credit unions that offers an interest rate premium in exchange for the customer agreeing to leave a lump-sum deposit untouched for a predetermined period of time.

Way an organization matches its capabilities with available opportunities to accomplish its goals is called

by
A. elasticity incurrence
B. off shoring
C. strategy
D. engineering
✅ The correct answer is option C.
Way an organization matches its capabilities with available opportunities to accomplish its goals is called strategy. Strategy can also be defined as “A general direction set for the company and its various components to achieve a desired state in the future. Strategy results from the detailed strategic planning process”.

Price of underlying asset is added into intrinsic value of option to calculate

by
A. forward price of option
B. exercise price of option
C. book value of option
D. spot price of option
✅ The correct answer is option B.
Price of underlying asset is added into intrinsic value of option to calculate exercise price of option. The strike price (or exercise price) of an option is the fixed price at which the owner of the option can buy (in the case of a call), or sell (in the case of a put), the underlying security or commodity.