Management MCQs

A cluster of complementary goods and services across diverse set of industries is called as ____________.

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A. Market place
B. Meta market
C. Market space
D. Resource Market
✅ The correct answer is option B.
A cluster of complementary goods and services across diverse set of industries is called as Meta market. A Meta market brings together different customers who need not necessarily differentiate between closely related products. Meta market is thus, a place, where everything connected with a certain market can be found.

Human resource planning techniques include the use of some or all of the following

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A. Size of organizational structure
B. Infrastructure Plan
C. Control and evaluation
D. Employee Management
✅ The correct answer is option C.
Human resource planning techniques include the use of Control and evaluation. The objective of human resource (HR) planning is to ensure the best fit between employees and jobs, while avoiding workforce shortages or spares. The three key elements of the HR planning process are forecasting labour demand, analysing present labour supply, and balancing projected labour demand and supply.

The number of subordinates that report directly to a single supervisor is ________.

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A. span of supervision
B. span of activity
C. span of business
D. span of organizing
✅ The correct answer is option A.
The number of subordinates that report directly to a single supervisor is span of supervision. The span of supervision is also called as the span of control. It refers to the number of subordinates a manager can effectively manage. If the number of subordinates placed under a manager is small, he can control the subordinates effectively.

The process of developing a mission statement includes which of these as the first activity?

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A. A request to modify the current document
B. Ask managers to read selected articles about mission statements
C. Ask managers to prepare a mission statement for the organization
D. A merging of several mission statements into one document
✅ The correct answer is option B.
The process of developing a mission statement includes ask managers to read selected articles about mission statements. A mission statement defines what an organization is, why it exists, its reason for being. At a minimum, your mission statement should define who your primary customers are, identify the products and services you produce, and describe the geographical location in which you operate.

Knowledge bases that hold knowledge in a variety of forms such as ____.

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A. facts and rules
B. rules and procedures
C. facts and information
D. rules and regulations
✅ The correct answer is option A.
Knowledge bases that hold knowledge in a variety of forms such as facts and rules. A knowledge-based system consists of a knowledge-base that represents facts about the world and an inference engine that can reason about those facts and use rules and other forms of logic to deduce new facts or highlight inconsistencies.

What basis the exchange rates are determined

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A. supply
B. Demand
C. Demand and supply
D. Forex
✅ The correct answer is option C.
On demand and supply basis the exchange rates are determined. The demand–supply model of exchange rate determination implies that the equilibrium exchange rate changes when the factors that affect the demand and supply conditions change.

Which of the following statement is True(T) or False(F) are given below. 1. Abstract nouns cannot be seen, felt or heard 2. Common nouns identify the particular variety 3. Collective nouns take a plural verb

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A. FFF
B. TTT
C. TFF
D. FTF
✅ The correct answer is option C.
1. Abstract nouns cannot be seen, felt or heard

2. Common nouns doesnot identify the particular variety

3. Collective nouns usually take a singular verb, because they are singular in construction, but they sometimes take a plural verb.

Which pay is one of the most crucial pay given to the employee & also shown in the pay structure?

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A. Performance
B. Strategic
C. Bonus
D. Commission
✅ The correct answer is option A.
Performance is one of the most crucial pay given to the employee & also shown in the pay structure. Performance is understood as achievement of the organization in relation with its set goals.