Management MCQs

A decision which relates to day to day operation of an organization is known as

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A. operative decisions
B. organizational decision
C. major decisions
D. minor decisions
✅ The correct answer is option A.
A decision which relates to day to day operation of an organization is known as operative decisions. Operational decisions or Operating decisions are decisions made to manage day to day business. Any firm which is into any kind of business is faced with 100 decisions they have to take in a day.

Low level managers in organizations are to make decisions about

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A. net income irrelevancy
B. operating income maximization
C. operating income minimization
D. operating income relevancy
✅ The correct answer is option B.
Low level managers in organizations are to make decisions about operating income maximization. Income smoothing is the shifting of revenue and expenses among different reporting periods in order to present the false impression that a business has steady earnings. Management typically engages in income smoothing to increase earnings in periods that would otherwise have unusually low earnings.

_____________ is defined as the difference between the benefits a customer sees from a market offering and the costs of obtaining those benefits.

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A. Customer value
B. Satisfaction scale
C. Profit margin
D. Competitive benefit
✅ The correct answer is option A.
Customer value is defined as the difference between the benefits a customer sees from a market offering and the costs of obtaining those benefits. Customer Value is the level of satisfaction of your customer towards your business.

Selling price is added in to repurchase agreement paid interest to calculate

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A. direct price of security
B. repurchase price of securities
C. purchase price of security
D. transaction price of security
✅ The correct answer is option B.
Selling price is added in to repurchase agreement paid interest to calculate repurchase price of securities. Repurchase price is the price at which the fund buys back units from the investor.

Markets in which funds are transferred from those who have excess funds available to those who have a shortage of available funds are called.

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A. commodity markets
B. fund-available markets
C. derivative exchange markets
D. financial markets
✅ The correct answer is option D.
Markets in which funds are transferred from those who have excess funds available to those who have a shortage of available funds are called financial markets. A financial market is a broad term describing any marketplace where trading of securities including equities, bonds, currencies, and derivatives occur.

Product choice is greatly affected by economic circumstances. All of the following would be among those circumstances EXCEPT ________.

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A. Spendable income
B. Savings and assets
C. Debts
D. Occupation
✅ The correct answer is option D.
Product choice is greatly affected by economic circumstances. All of the following would be among those circumstances EXCEPT Occupation. Product choice is determined by an interaction between firm characteristics, product characteristics, and market conditions.

The leadership theory study leaders behaviour is __________.

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A. Flowers theory
B. Trait theory
C. Behavioural theory
D. Managerial grid
✅ The correct answer is option C.
In Behavioral Theory, the focus is on the specific behaviors and actions of leaders rather than their traits or characteristics. The theory suggests that effective leadership is the result of many learned skills. Individuals need three primary skills to lead their followers – technical, human, and conceptual skills.

The statement which best describes the function of Human Resources Planning is

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A. An integrated set of processes, programs and systems in an Organisation that focuses on maximizing employee contribution in order to achieve Organisational success
B. The’ process of ensuring that people required running the company are being used as effectively as possible especially in fulfilling developmental needs in order to accomplish the organisation’s goals
C. The formal process of familiarizing new employees with the Organisation, new job, work units and culture values, beliefs and accepted behavior.
D. The process of effectively and efficiently managing your assets.
✅ The correct answer is option B.
The statement which best describes the function of Human Resources Planning is the’ process of ensuring that people required running the company are being used as effectively as possible especially in fulfilling developmental needs in order to accomplish the organisation’s goals.