Management MCQs

Which component of a mission statement addresses the basic beliefs, values, aspirations, and ethical priorities of the firm?

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A. Technology
B. Philosophy
C. Concern for public image
D. Customers
✅ The correct answer is option B.
Philosophy component of a mission statement addresses the basic beliefs, values, aspirations, and ethical priorities of the firm. What are the basic beliefs, values, aspirations, and philosophical.

Which one of the following responsibilities is specifically associated with the HR function of employee relations?

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A. Conducting attitude surveys
B. Work analysis
C. HR information systems
D. Job design
✅ The correct answer is option A.
Conducting attitude surveys responsibilities is specifically associated with the HR function of employee relations. The employee attitude survey is a management tool business owners or managers use to learn about the views and opinions of their employees on issues pertaining to the company and their role within the organisation.

The process of developing the applicant’s pool for job openings in an organization is called

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A. Hiring
B. Recruitment
C. Selection
D. Retention
✅ The correct answer is option B.
The process of developing an applicants’ pool for job openings in an Organisation is called Recruitment. Recruitment is the process of searching for prospective employees and stimulating them to apply for jobs in their organisation.

Control exercised while the activity is in progress is

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A. concurrent control
B. feed forward control
C. feedback control
D. preserving control
✅ The correct answer is option A.
Control exercised while the activity is in progress is concurrent control. Concurrent control takes place while an activity is in progress. It involves the regulation of ongoing activities that are part of transformation process to ensure that they conform to organizational standards.

Markets which reallocate liquid funds in relatively fixed amounts are classified as

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A. capital markets
B. debt markets
C. secondary markets
D. primary markets
✅ The correct answer is option C.
Markets which reallocate liquid funds in relatively fixed amounts are classified as secondary markets. The secondary market is where investors buy and sell securities they already own. It is what most people typically think of as the “stock market,” though stocks are also sold on the primary market when they are first issued.

If a business is blinkered, technology shy, and ‘impoverished’, what does this signal?

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A. A weak strategic plan
B. A planning gap
C. A lack of innovation and vision
D. Weak strategic leadership
✅ The correct answer is option D.
Strategic leaders live in the details, and they know everything will likely not happen as it is supposed to. Therefore, these individuals will attempt to anticipate problems and plan for them. They will look for weak areas and will try to work with teams to keep from falling into a problem area.

Yields of municipal bonds is

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A. after tax rate of return
B. before tax rate of return
C. corporative rate of return
D. federal rate of return
✅ The correct answer is option A.
Yields of municipal bonds is after tax rate of return. Municipal bonds are good for people who want to hold on to capital while creating a tax-free income source.

In OOPS the member functions also called _____.

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A. Variable
B. Object
C. Methods
D. Class
✅ The correct answer is option C.
In OOPS the member functions also called Methods. A method in object-oriented programming (OOP) is a procedure associated with a message and an object. In class-based programming, methods are defined in a class, and objects are instances of a given class.