Management MCQs

Which technique is used in finding a solution for optimizing a given objective, such as profit maximization or cost minimization under certain constraints?

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A. Quailing Theory
B. Waiting Line
C. Both A and B
D. Linear Programming
✅ The correct answer is option D.
Linear programming is a mathematical technique for solving constrained maximization and minimization problems when there are many constraints and the objective function to be optimized, as well as the constraints faced, are linear (i.e., can be represented by straight lines).

In Porter’s generic strategies model, a focus strategy involves

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A. selling a limited range of products
B. selling to a narrow customer segment
C. selling to one region only
D. selling simple products that are cheap to produce
✅ The correct answer is option B.
In Porter’s generic strategies model, a focus strategy involves selling to a narrow customer segment. Porter’s generic strategies describe how a company pursues competitive advantage across its chosen market scope. There are three/four generic strategies, either lower cost, differentiated, or focus.

Which of the following is an issue considered in developing corporate strategies?

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A. What business(es) are we in?
B. What direction are we going?
C. What resources do we have to implement our strategies?
D. What businesses are we in and what to do with those businesses?
✅ The correct answer is option D.
What businesses are we in and what to do with those businesses? is an issue considered in developing corporate strategies?

Agreement which incurs transaction between two parties and promise held that second party will sell security at specific maturity is classified as

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A. repurchasing commercial notes
B. repurchase bills
C. purchase agreement
D. reverse repurchase agreement
✅ The correct answer is option D.
Agreement which incurs transaction between two parties and promise held that second party will sell security at specific maturity is classified as reverse repurchase agreement. A reverse repurchase agreement, or “reverse repo”, is the purchase of securities with the agreement to sell them at a higher price at a specific future date.

A firm that purpose to connect sellers and buyers of foreign currency-denominated bank deposits is entitled

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A. a wholesaler
B. a broker
C. a bank
D. an investor
✅ The correct answer is option B.
A firm that purpose to connect sellers and buyers of foreign currency-denominated bank deposits is entitled a broker. A broker is an individual or firm that charges a fee or commission for executing buy and sell orders submitted by an investor. A broker also refers to the role of a firm when it acts as an agent for a customer and charges the customer a commission for its services.

Balanced scorecard perspective, which measures strategy profitability and amount of operating income results from cost reduction is classified as

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A. learning perspective
B. financial perspective
C. internal business process perspective
D. customer perspective
✅ The correct answer is option B.
Balanced scorecard perspective, which measures strategy profitability and amount of operating income results from cost reduction is classified as financial perspective. The Financial perspective Essentially, any key objective that is related to the company’s financial health and performance may be included in this perspective. Revenue and profit are obvious objectives that most organisations list in this perspective.

System in an organization that articulates purpose, mission and core values of a company is classified as

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A. interactive control system
B. belief system
C. boundary system
D. diagnostic control system
✅ The correct answer is option B.
System in an organization that articulates purpose, mission and core values of a company is classified as belief system. Belief systems are there to communicate the vision, mission and values of the business. Belief systems can be very powerful in directing people and giving them purpose.

Market value size of outstanding instruments of capital markets depends on factors

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A. primary cash flows
B. number of issued securities
C. market prices of securities
D. both b and c
✅ The correct answer is option D.
Market value size of outstanding instruments of capital markets depends on factors number of issued securities and market prices of securities.

____ manager typically manage the operation of specific LAN and WAN.

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A. Factory
B. Network
C. Firm
D. System
✅ The correct answer is option B.
Network manager typically manage the operation of specific LAN and WAN. Network Manager is a program for providing detection and configuration for systems to automatically connect to networks.

Recruitment policy usually highlights need for establishing

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A. Job specification
B. Job analysis
C. Job description
D. None of the above
✅ The correct answer is option A.
Recruitment policy usually highlights need for establishing job specification. A job specification defines the knowledge, skills and abilities that are required to perform a job in an organization.