Management MCQs

When interest rate is lower than equilibrium rate of borrowing loanable funds then financial system has

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A. surplus of funds
B. deficit of funds
C. short-term funds
D. long-term funds
✅ The correct answer is option B.
When interest rate is lower than equilibrium rate of borrowing loanable funds then financial system has deficit of funds.

How many type of price discriminations are there?

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A. 1
B. 3
C. 2
D. 4
✅ The correct answer is option B.
In commerce there are three types of price discrimination that exist. The exact price discrimination method that is used depends on the factors within the particular market.

First degree price discrimination: the monopoly seller of a good or service must know the absolute maximum price that every consumer is willing to pay and can charge each customer that exact amount. This allows the seller to obtain the highest revenue possible.
Second degree price discrimination: the price of a good or service varies according to the quantity demanded. Larger quantities are available at a lower price (higher discounts are given to consumers who buy a good in bulk quantities).
Third degree price discrimination: the price varies according to consumer attributes such as age, sex, location, and economic status.

What are the five principle dimensions to judge service quality?

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A. Reliability, responsiveness, assurance, empathy, tangibles
B. Reliability, response, assurance, empathy, tangibles
C. Reliability, responsiveness, assurance, empathy, targets
D. Reliability, responsiveness aspects, empathy, tangibles
✅ The correct answer is option A.
Reliability, responsiveness, assurance, empathy and tangibles are the five principle dimensions to judge service quality.

Group of dealers and brokers in financial institutions also includes

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A. money and security brokers
B. capital brokers
C. mortgage brokers
D. expansionary brokers
✅ The correct answer is option A.
Group of dealers and brokers in financial institutions also includes money and security brokers. A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed.

A question for business level strategy would be

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A. Which industries do we want to be in?
B. How should the businesses be related?
C. How should the business compete in its market?
D. How should resources be shared amongst the businesses?
✅ The correct answer is option C.
A question for business level strategy would be How should the business compete in its market?

Decision making methods, used for subunits of company are highly interdependent on each other is called

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A. incongruent decision making
B. functional decision making
C. congruent decision making
D. duplication decision making
✅ The correct answer is option A.
Decision making methods, used for subunits of company are highly interdependent on each other is called incongruent decision making.

Which of the following is a communication issue facing today organizations?

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A. How technology can best serve the organization
B. Relationships and their effects on organizations
C. Sexual harassment in the workplace
D. All of the above
✅ The correct answer is option D.
How technology can best serve the organization, Relationships and their effects on organizations and Sexual harassment in the workplace are communication issue facing today organizations.