Management MCQs

Below Product Cycle Theory, overseas demand can be primarily contented by

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A. Exporting
B. Importing
C. Licensing
D. Mobility of funds
✅ The correct answer is option A.
Below Product Cycle Theory, overseas demand can be primarily contented by exporting. The Product Life Cycle Theory is an economic theory that was developed by Raymond Vernon in response to the failure of the Heckscher-Ohlin model to explain the observed pattern of international trade.

The promotion “P” of marketing is also known as ________.

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A. Product Differentiation
B. Distribution
C. Cost
D. Marketing Communication
✅ The correct answer is option D.
The promotion “P” of marketing is also known as Marketing Communication. Marketing communications are those techniques that the company or a business individual uses to convey promotional messages about their products and services.

The degree to which interviews, tests, and other selection procedures yield comparable data over time and alternative measures is best define by

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A. Job sampling
B. Reliability
C. Validity
D. Organisational culture
✅ The correct answer is option B.
The degree to which interviews, tests, and other selection procedures yield comparable data over time and alternative measures is best define by reliability. Reliability can be referred as the ability to be dependent on or relied on, for the honesty, achievement or accuracy. It is the quality of being trustworthy and dependable. In the field of education, it is the ability to conduct an experiment or a test that gives the same results consistently whenever it is repeated.

A swap that is used to evade risk of exchange rate exists because of currency mismatching is classified as

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A. floating swaps
B. fixed swaps
C. currency swaps
D. notion swaps
✅ The correct answer is option C.
A swap that is used to evade risk of exchange rate exists because of currency mismatching is classified as currency swaps. A currency swap is an agreement in which two parties exchange the principal amount of a loan and the interest in one currency for the principal and interest in another currency. At the inception of the swap, the equivalent principal amounts are exchanged at the spot rate.

Minimum freedom for managers and maximum constraints are main features of

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A. total autonomy
B. total centralization
C. total decentralization
D. total congruency
✅ The correct answer is option B.
Minimum freedom for managers and maximum constraints are main features of total centralization. Centralization of authority means the power of planning and decision making are exclusively in the hands of top management.

Which of the following is the best reason for why strategic planning is still important today?

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A. Without a formal strategic plan a company cannot expect to compete effectively
B. Without a strategic plan an organization can drift without purpose or definition
C. Without it, companies would exist without cause or co-ordination
D. Because of slower economic growth, globalization and technological change
✅ The correct answer is option D.
Strategic planning is still important today because A critical success factor (often abbreviated “CSF”) may sound complicated, but it’s actually a pretty simple concept. Strategic planning is a process in which organizational leaders determine their vision for the future as well as identify their goals and objectives for the organization.

Which of the following is a key HR role

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A. Personnel administrator
B. Business ally
C. Payroll advisor
D. Organisational geographer
✅ The correct answer is option B.
Business ally is a key HR role. The key functions an HR department include labor law compliance, recruiting, staff training and development, payroll, record keeping and employee relations.

The important objectives of a job evaluation programme

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A. Establishment of sound wage differentials between jobs.
B. Maintenance of a consistent wage policy.
C. Installation of an effective means of wage control.
D. All of the above
✅ The correct answer is option D.
The important objectives of a job evaluation programme Establishment of sound wage differentials between jobs is maintenance of a consistent wage policy and installation of an effective means of wage control.

________ keeps tracks of data concerning purchase from and payments to suppliers.

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A. Inventory control
B. Accounts payable
C. Payroll
D. Accounts receivable
✅ The correct answer is option B.
Accounts payable keeps tracks of data concerning purchase from and payments to suppliers. Accounts Payable is a liability due to a particular creditor when it order goods or services without paying in cash up front, which means that you bought goods on credit.

Father of scientific management

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A. Henry fayol
B. Fw Taylor
C. Peter drucker
D. weber
✅ The correct answer is option B.
Fw Taylor is the father of scientific management. Taylor’s principal concern was that of increasing efficiency in production, not only to lower costs and raise profits but also to make possible increased pay for workers through their higher productivity.