Management MCQs

Data encryption concept is used for ______ purposes.

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A. Data hidden
B. data display
C. data processing
D. data transfer
✅ The correct answer is option D.
Data encryption concept is used for data transfer purposes. Data encryption translates data into another form, or code, so that only people with access to a secret key (formally called a decryption key) or password can read it. Encrypted data is commonly referred to as ciphertext, while unencrypted data is called plaintext.

Type of contract which involves future exchange of assets at a specified price is classified as

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A. future contracts
B. present contract
C. spot contract
D. forward contract
✅ The correct answer is option D.
Type of contract which involves future exchange of assets at a specified price is classified as forward contract. A forward contract is a customized contract between two parties to buy or sell an asset at a specified price on a future date.

Motivation based on force of fear is called __________.

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A. negative motivation
B. positive motivation
C. extrinsic motivation
D. intrinsic motivation
✅ The correct answer is option A.
Motivation based on force of fear is called negative motivation. Negative motivation is exactly the opposite concept. Behavior is motivated by anticipation or fear that an undesirable outcome will result from not performing. Fear is a powerful motivator, especially when that fear relates to your survival or, in the case of employees, their income.

The extended marketing mix for services includes: People, Processes and _________.

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A. Product
B. Place
C. Physical Evidence
D. Promotion
✅ The correct answer is option C.
The extended marketing mix for services includes: People, Processes and Physical Evidence. The physical evidence within the service marketing mix refers to an environment in which a service comes about from an interaction between an employee and a customer which is combined with a tangible commodity.

The three organizational levels are:

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A. corporate level, business level, functional level
B. corporate level, business unit level, functional level
C. corporate strategy level, business unit level, functional level
D. corporate strategy level, business level, specialist level
✅ The correct answer is option A.
The three organizational levels are corporate level, business level and functional level. The corporate level involves the entire organization. Business units include divisions, product lines or other centers of business activity within your organization. The functional level refers to organizational departments such as human resources, marketing, operations and IT.

Bids of bidder which tells that how much treasury bills bidder wants to buy is classified as

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A. federal acceptance bid
B. bankers
C. non-competitive bids
D. competitive bids
✅ The correct answer is option C.
Bids of bidder which tells that how much treasury bills bidder wants to buy is classified as non-competitive bids. Non-competitive bidding means the bidder would be able to participate in the auctions of dated government securities without having to quote the yield or price in the bid.

The buyer decision process consists of five stages. Which of the following is NOT one of these stages?

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A. Evaluation of Alternatives
B. Information search
C. Variety-seeking buying behavior
D. Post purchase behavior
✅ The correct answer is option C.
Variety-seeking buying behavior is NOT one of these stages. There are 5 steps in a consumer decision making process a need or a want is recognized, search process, comparison, product or service selection, and evaluation of decision.

Graph, which shows change in sold quantity and its effect on operating income is called

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A. PV graph
B. CV graph
C. SO graph
D. QI graph
✅ The correct answer is option A.
Graph, which shows change in sold quantity and its effect on operating income is called PV graph. The PV diagram models the relationship between pressure (P) and volume (V) for an ideal gas.

Which of the following is a skill required by organizations to deal with competitive chaos?

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A. The ability to share information among all managers
B. The ability to operate efficiently and effectively
C. The ability to discern patters in the dynamic environment and competitive chaos, and spot opportunities ahead of rivals
D. The ability to benchmark competitors
✅ The correct answer is option C.
The ability to discern patters in the dynamic environment and competitive chaos, and spot opportunities ahead of rivals is a skill required by organizations to deal with competitive chaos.