Management MCQs

Graphic method can be applied to solve a LPP when there are only _____________ variable.

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A. One
B. More than One
C. Two
D. Three
✅ The correct answer is option C.
Graphic method can be applied to solve a LPP when there are only two variable. This method is used to solve a two variable linear program. If you have only two decision variables, you should use the graphical method to find the optimal solution. A graphical method involves formulating a set of linear inequalities subject to the constraints. Then the inequalities are plotted on a X-Y plane.

If one of the constraint of an equation in an LP problem has an unbounded solution, then.

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A. Solution to such LP problem must be degenerate
B. Feasible region should have a line segment
C. Alternative solutions exist
D. None of the above
✅ The correct answer is option B.
If one of the constraint of an equation in an LP problem has an unbounded solution, then feasible region should have a line segment. If there is going to be an optimal solution to a linear programming problem, it will occur at one or more corner points, or on a line segment between two corner points.

Successful service companies focus their attention on both their customers and their employees. They understand ___________, which links service firm profits with employee and customer satisfaction.

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A. Internal marketing
B. Service-profit chains
C. Interactive marketing
D. Service differentiation
✅ The correct answer is option B.
Successful service companies focus their attention on both their customers and their employees. They understand service-profit chains, which links service firm profits with employee and customer satisfaction. The service profit chain dissects the levers that translate good service into profitability.

____ of information systems that support key business functions as well as cross functional business processes.

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A. Standards
B. Rules
C. Portfolio
D. Procedure
✅ The correct answer is option C.
Portfolio of information systems that support key business functions as well as cross functional business processes. This allows you to focus on the real work by adding value to your fund and asset management duties, whatever they may be.

Municipal bonds are more considerable to

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A. full price investors
B. household investors
C. corporation investors
D. clean price investors
✅ The correct answer is option B.
Municipal bonds are more considerable too household investors. Municipal bonds are loans investors make to local governments. They are issued by cities, states, counties, or other local governments. For that reason, the interest they pay on the bonds is tax-free.

Budget, which highlights difference between actual quantity and budgeted quantity is termed as

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A. actual cost budget
B. flexible budget variance
C. inflexible budget
D. hourly budget
✅ The correct answer is option B.
Budget, which highlights difference between actual quantity and budgeted quantity is termed as flexible budget variance. A flexible budget variance is any difference between the results generated by a flexible budget model and actual results.

Which of the following competencies relates to functionality?

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A. Providing excellent quality which is recognized by customers
B. Developing and introducing new processes for cost savings and speedier decision-making
C. Manage ‘green’ issues to avoid crises or create competitive advantage
D. Avoid business failures by becoming and staying crisis averse
✅ The correct answer is option B.
Developing and introducing new processes for cost savings and speedier decision-making competencies relates to functionality. Strategic management include a set of decisions and actions resulting in the formulation and implementation of strategies designed to achieve the ultimate objectives of an organisation. The strategic management encompasses tasks pertaining strategic planning, implementation planning and monitoring.

Foreign bonds, sovereign bonds and Eurobonds are classified as types of

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A. local markets
B. state markets
C. international markets
D. national markets
✅ The correct answer is option C.
Foreign bonds, sovereign bonds and Eurobonds are classified as types of international markets. An international market is defined geographically as a market outside the international borders of a company’s country of citizenship. A company, to the extent that it is a legally distinct entity from its owners like a corporation, is usually a citizen of the country where it is organized.

High job satisfaction is the outcome of which of the following core dimensions described by the Job Characteristics Model?

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A. Task identity
B. Task significance
C. Feedback
D. Autonomy
✅ The correct answer is option A.
The Job Characteristics Model (also know as Jobs Characteristic Theory) enables you to improve employee performance and job satisfaction by means of adjusting the job itself. The model states that if you do this successfully you can create the conditions for an employee to thrive in their role. By thrive, we mean that the employee will be motivated, perform to a high level, and be satisfied by their role. High job satisfaction is the outcome of task identity core dimensions described by the Job Characteristics Model. Jobs having embedded features of feedback and autonomy can cause high job satisfaction among employees.