Management MCQs

In accounting, possibility of deviation of actual amount from an expected amount is classified as

by
A. contribution
B. certainty
C. uncertainty
D. margin
✅ The correct answer is option C.
In accounting, possibility of deviation of actual amount from an expected amount is classified as uncertainty. Uncertainty refers to epistemic situations involving imperfect or unknown information. It applies to predictions of future events, to physical measurements that are already made, or to the unknown.

Formula of effective annual return is written as

by
A. (1+r) c – 1
B. (2+r) c – 2
C. (3+r) c – 3
D. (1+r) c – 5
✅ The correct answer is option A.
Formula of effective annual return is written as (1+r) c – 1. Effective annual return (EAR) is the annual rate that captures the magnifying effect of multiple compounding periods per year of an investment.

What is the key variable in executing visionary strategy creation at the competitive strategy level?

by
A. Seizing the opportunities presented
B. Formalized planning
C. Innovation
D. Learning
✅ The correct answer is option C.
Innovation is the key variable in executing visionary strategy creation at the competitive strategy level. Innovation involves deliberate application of information, imagination and initiative in deriving greater or different values from resources, and includes all processes by which new ideas are generated and converted into useful products.

___________ constitutes moderate consumer behavior, but still involves time and effort searching for and comparing alternatives.

by
A. Limited decision making
B. Need recognition
C. Routine decision making
D. Post purchase evaluation
✅ The correct answer is option A.
Limited decision making constitutes moderate consumer behavior, but still involves time and effort searching for and comparing alternatives. Limited decision making is consumer decision making that is used when purchasing products that require a moderate amount of time and effort to compare models and brands before making a choice.

Systematic and orderly process of determining the worth of a job in relation to other jobs is

by
A. Worth job specification
B. Job description
C. Job evaluation
D. Job identification
✅ The correct answer is option C.
Systematic and orderly process of determining the worth of a job in relation to other jobs is Job evaluation. Job evaluation is an assessment of the relative worth of various jobs on the basis of a consistent set of job and personal factors, such as qualifications and skills required.

Which statements are incorrect?

by
A. Recruitment and selection are part of the sourcing/attraction process
B. Selection creates a pool of talent to consider for future jobs
C. Recruitment enables the selection phase
D. All of the above statements are incorrect
✅ The correct answer is option B.
Selection creates a pool of talent to consider for future jobs is incorrect. A talent pool is a database of individuals created by a recruiter during the application process. This database is usually made within an Applicant Tracking System. When a candidate applies for a job, the recruiter is able to put them into a specific and relevant talent pool by tagging candidate profiles.

A service can be defined as “any activity or benefit that one party can offer another that is essentially intangible and that does not result in the ownership of anything.”

by
A. TRUE
B. FALSE
Answer: Option A
null
✅ The correct answer is option A.
A service can be defined as “any activity or benefit that one party can offer another that is essentially intangible and that does not result in the ownership of anything.” Services are usually intangible and time-based, and occur multiple times over the course of a relationship such as a house cleaning services, or a consulting services.