Management MCQs

In customer cost hierarchy, costs of all incurred activities to sell a unit of product are classified as

by
A. customer sustaining costs
B. customer output unit-level costs
C. customer batch-level costs
D. corporate sustaining costs
✅ The correct answer is option B.
In customer cost hierarchy, costs of all incurred activities to sell a unit of product are classified as customer output unit-level costs. Output unit-level costs are the costs of activities performed on each individual unit of a product or service.

An organizational practice, according to which decision making freedom is available to lower level managers is known as

by
A. decentralization
B. centralization
C. autonomy of effort
D. congruency
✅ The correct answer is option A.
An organizational practice, according to which decision making freedom is available to lower level managers is known as decentralization. Decentralization refers to a specific form of organizational structure where the top management delegates decision-making responsibilities and daily operations to middle and lower subordinates.

Current Account in BOP characterize summary of stream of funds between particular country and all other country due to

by
A. sale of assets
B. purchase of goods and services
C. liabilities of long term
D. liabilities of short term
✅ The correct answer is option B.
Current Account in BOP characterize summary of stream of funds between particular country and all other country due to purchase of goods and services. The current account on the balance of payments measures the inflow and outflow of goods, services, investment incomes and transfer payments. The main components of the current account are: Trade in goods (visible balance) Trade in services (invisible balance), e.g. insurance and services.

Which one of the following is not one of the elements of strategic thinking described by Campbell and Alexander (1997)?

by
A. Organizational culture
B. Outlining of competencies
C. Future-gazing
D. Organizational behavior
✅ The correct answer is option B.
Outlining of competencies is not one of the elements of strategic thinking described by Campbell and Alexander (1997). A competency framework defines the knowledge, skills, and attributes needed for people within an organization. Each individual role will have its own set of competencies needed to perform the job effectively.

_________________ is an area of philosophy concerned with developing ethical principles and promoting ethical behavior and practices in the accomplishment of business tasks and decision making.

by
A. Business Ethics
B. Behavioral stage
C. Ethical values
D. Equity
✅ The correct answer is option A.
Business Ethics is an area of philosophy concerned with developing ethical principles and promoting ethical behavior and practices in the accomplishment of business tasks and decision making. Business ethics is the study of appropriate business policies and practices regarding potentially controversial subjects including corporate governance, insider trading, bribery, discrimination, corporate social responsibility, and fiduciary responsibilities.

The process of acquiring technology from other country is called:

by
A. Licensing
B. Franchising
C. Technology Transfer
D. Joint Venture
✅ The correct answer is option A.
The process of acquiring technology from other country is called Licensing. A business arrangement in which one company gives another company permission to manufacture its product for a specified payment. There are few faster or more profitable ways to grow your business than by licensing patents, trademarks, copyrights, designs, and other intellectual property to others.

Investors who want cash flows in near terms shows preference for

by
A. interest portion of RIAPS
B. interest portion of STORI
C. interest portion of STRIPS
D. interest portion of bonds
✅ The correct answer is option C.
Investors who want cash flows in near terms shows preference for interest portion of STRIPS. Interest only (IO) strips are a security where the holder receives the non-principal portion of the monthly payments on the underlying mortgages, Treasury bonds or other bonds.

________ system can process data that are incomplete

by
A. Random
B. Neural
C. Fuzzy logic
D. Cognitive
✅ The correct answer is option C.
Fuzzy logic system can process data that are incomplete. Fuzzy logic is a form of many-valued logic in which the truth values of variables may be any real number between 0 and 1 both inclusive. It is employed to handle the concept of partial truth, where the truth value may range between completely true and completely false.

Junk bonds which are rated lower than triple B are also classified as

by
A. high yield bonds
B. low yield bonds
C. zero floating bonds
D. high floating rate bonds
✅ The correct answer is option A.
Junk bonds which are rated lower than triple B are also classified as high yield bonds. A high-yield bond is a high paying bond with a lower credit rating than investment-grade corporate bonds, Treasury bonds and municipal bonds. Because of the higher risk of default, these bonds pay a higher yield than investment grade bonds.

System in an organization, which defines behavior standards and code of conduct is known as

by
A. interactive control system
B. belief system
C. boundary system
D. diagnostic control system
✅ The correct answer is option C.
System in an organization, which defines behavior standards and code of conduct is known as boundary system. A boundary system is a set of standards relating to acceptable behavior in an organization.