Management MCQs

Planning brings

by
A. co-operation
B. coordination and co-operation
C. controlling
D. resources
✅ The correct answer is option B.
Planning brings coordination and co-operation. Co-ordination is an orderly arrangement of efforts to provide unity of action in the fulfillment of common objective whereas co-operation denotes collective efforts of persons working in an enterprise voluntarily for the achievement of a particular purpose. It is the willingness of individuals to help each other.

Which of the following term is used to identify, “what the job holder does”? “How it is done”? & “why it is done”?

by
A. Job specification
B. Job evaluation
C. Job description
D. Job title
✅ The correct answer is option C.
Job description is used to identify, “what the job holder does”? “How it is done”? & “why it is done”?. It includes information such as job title, job location, reporting to and of employees, job summary, nature and objectives of a job, tasks and duties to be performed, working conditions, machines, tools and equipments to be used by a prospective worker and hazards involved in it.

Contract which gives rights to holders to sell or buy asset at specific time period rather than giving obligation is classified as

by
A. option
B. contract
C. obligatory contract
D. non-obligatory contract
✅ The correct answer is option A.
Contract which gives rights to holders to sell or buy asset at specific time period rather than giving obligation is classified as option. An options contract is an agreement between a buyer and seller that gives the purchaser of the option the right to buy or sell a particular asset at a later date at an agreed upon price. Options contracts are often used in securities, commodities, and real estate transactions.

Which of the following statement is True(T) or False(F) are given below. 1. By focusing too much on the facts, the listener may miss the message that the speaker is intending to convey. 2. When the listener is intercepting that means he / she is a good listener.

by
A. TF
B. TT
C. FF
D. FT
✅ The correct answer is option A.
1. By focusing too much on the facts, the listener may miss the message that the speaker is intending to convey.

2. When the listener is intercepting that means he / she is not a good listener.

Bonds that are considered as junk bonds and termed as higher yield are classified as

by
A. expansion debentures
B. premium debentures
C. subordinated debentures
D. ordinate debentures
✅ The correct answer is option C.
Bonds that are considered as junk bonds and termed as higher yield are classified as subordinated debentures. Subordinated debt (also known as a subordinated debenture) is an unsecured loan or bond that ranks below other, more senior loans or securities with respect to claims on assets or earnings. Subordinated debentures are thus also known as junior securities.

Commercial mortgages, farm mortgages and home mortgages are categories of

by
A. swapped mortgages
B. sovereign mortgages
C. secondary mortgages
D. primary mortgagees
✅ The correct answer is option D.
Commercial mortgages, farm mortgages and home mortgages are categories of primary mortgagees. A mortgagee is an entity that lends money to a borrower for the purpose of purchasing real estate. In a mortgage lending deal the lender serves as the mortgagee and the borrower is known as the mortgagor.

Difference between actual result and corresponding amount of flexible budget, on basis of actual level of output is classified as

by
A. sales mix variance
B. sales volume variance
C. flexible budget variance
D. static budget variance
✅ The correct answer is option C.
Difference between actual result and corresponding amount of flexible budget, on basis of actual level of output is classified as flexible budget variance. A flexible budget variance is any difference between the results generated by a flexible budget model and actual results. If actual revenues are inserted into a flexible budget model, this means that any variance will arise between budgeted and actual expenses, not revenues.

According to Maslow, self-actualization needs is a _________.

by
A. high level needs
B. medium level needs
C. lower level needs
D. psychological needs
✅ The correct answer is option A.
According to Maslow, self-actualization needs is a high level needs. Self-actualization refers to the need for personal growth and development throughout one’s life. It is the highest level of Maslow’s hierarchy of needs, which was developed by psychologist Abraham Maslow. Once you are self-actualized, you’ve met your full potential as an individual.

Budgeted input quantity is added in to efficiency variance to calculate

by
A. actual input quantity
B. actual output quantity
C. actual input price
D. actual output price
✅ The correct answer is option A.
Budgeted input quantity is added in to efficiency variance to calculate actual input quantity. AQ means the “actual quantity” of input used to produce the output.