Management MCQs

Customer sustaining costs, customer batch-level costs and customer output-unit level costs are classified as

by
A. customer level indirect costs
B. customer level direct costs
C. corporate level direct costs
D. corporate level indirect costs
✅ The correct answer is option A.
Customer sustaining costs, customer batch-level costs and customer output-unit level costs are classified as customer level indirect costs. Indirect costs include administration, personnel and security costs. These are those costs which are not directly related to production. Some indirect costs may be overhead. But some overhead costs can be directly attributed to a project and are direct costs.

The system of ranking jobs in a firm on the basis of the relevant characteristics, duties, and responsibilities is known as

by
A. Job evaluation
B. Job design
C. Job specification
D. Job description
✅ The correct answer is option A.
The system of ranking jobs in a firm on the basis of the relevant characteristics, duties, and responsibilities is known as Job evaluation. A job evaluation is a systematic way of determining thevalue/worth of a job in relation to other jobs in an organization. It tries to make a systematic comparison between jobs to assesstheir relative worth for the purpose of establishing a rational pay structure.

Selecting a best course of action among the alternatives is called as_________.

by
A. decision making
B. planning
C. organizing
D. controlling
✅ The correct answer is option A.
Selecting a best course of action among the alternatives is called as decision making. Decision-Making is a process of selection from a set of alternative courses of action which is thoughtful to fulfill the objective of the decision problem more satisfactorily than others.

Which of these is not an issue in selecting a business as a divestment candidate?

by
A. Current market position
B. Product life-cycle
C. Alternate uses for resources
D. The size of the business
✅ The correct answer is option D.
The size of the business is not an issue in selecting a business as a divestment candidate. Divestment is a form of retrenchment strategy used by businesses when they downsize the scope of their business activities. Divestment is a form of retrenchment strategy used by businesses when they downsize the scope of their business activities. Divestment usually involves eliminating a portion of a business. Firms may elect to sell, close, or spin-off a strategic business unit, major operating division, or product line. This move often is the final decision to eliminate unrelated, unprofitable, or unmanageable operations.

Uruguay Round that has started

by
A. earlier 8 years
B. earlier 5 years
C. earlier 10 year
D. earlier 7 years
✅ The correct answer is option D.
Uruguay Round that has started earlier 7 years. After debating the proposals for about 7 years the Uruguay Round was finally concluded on 15th December, 1993 but the final Act of the U.R. which was signed by 124 participating countries at Marrakesh (Morocco) on 15 April, 1994 embodies the results of the U.R. of Multilateral Trade Negotiations.

All choices for decision that are easily available to managers are classified as

by
A. outcome
B. actions
C. events
D. distribution
✅ The correct answer is option B.
All choices for decision that are easily available to managers are classified as actions. Action, act, deed mean something done. Action applies especially to the doing, act to the result of the doing.