Management MCQs

What is the danger of excessive monopoly power?

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A. The organization will charge high prices
B. The organization will not attempt to cut costs
C. The organization will change strategy to seek to fully exploit its power
D. The organization will stifle innovation
✅ The correct answer is option C.
The organization will change strategy to seek to fully exploit its power is the danger of excessive monopoly power. A pure monopoly is a single supplier in a market with no competitors, whereas monopoly power exists when a single firm dominates a particular market.

Choice of correlation coefficient is between

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A. 0 to 1
B. 0 to 2
C. Minus 1 to +1
D. Minus 1 to 3
✅ The correct answer is option C.
Choice of correlation coefficient is between Minus 1 to +1. The value of the correlation coefficient lies between minus one and plus one, –1 ≤ r ≤ 1. If, in any exercise, the value of r is outside this range it indicates error in calculation.

____ is media used in network which is used to connect between countries.

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A. Satellite
B. Fibre optics
C. Coaxial
D. Twisted pair
✅ The correct answer is option A.
Satellite is media used in network which is used to connect between countries. Communications satellites are used for television, telephone, radio, internet, and military applications. There are 2,134 communications satellites in Earth’s orbit, used by both private and government organizations.

Relative deficiency or superiority is important information in performing which activity?

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A. External audit
B. Allocating resources
C. Internal audit
D. Evaluating strategies
✅ The correct answer is option C.
Relative deficiency or superiority is important information in performing Internal audit. Internal audits evaluate a company’s internal controls, including its corporate governance and accounting processes. They ensure compliance with laws and regulations and help to maintain accurate and timely financial reporting and data collection.

The acronym SWOT stands for

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A. Special Weapons for Operations Timeliness
B. Services, Worldwide Optimization and Transport
C. Strengths, Weakness, Opportunities and Threats
D. None of the above
✅ The correct answer is option C.
The acronym SWOT stands for Strengths, Weakness, Opportunities and Threats. It is a way of summarizing the current state of a company and helping to devise a plan for the future, one that employs the existing strengths, redresses existing weaknesses, exploits opportunities and defends against threats.

Foreign bonds issued in United Kingdom financial institutions are classified as

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A. Yankee bonds
B. samurai bonds
C. bull dog bonds
D. bull cat bonds
✅ The correct answer is option C.
Foreign bonds issued in United Kingdom financial institutions are classified as bull dog bonds. Bulldog bond is a type of bond purchased by buyers interested in earning a revenue stream from the British pound or sterling. A bulldog bond is traded in the United Kingdom. If the revenue is used to reduce debt that is also in British pounds, the exchange rate risk is decreased.

The essence of time management is taking charge of your life and not allowing _________ to control

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A. Poor study skills and habits
B. Interruptions
C. Distractions
D. Anxiety
✅ The correct answer is option B.
The essence of time management is taking charge of your life and not allowing interruptions to control. Time management is a set of skills that are learned over time. The skills taught in this book for example, of time blocking, single handling, controlling interruptions, and others don’t provide you with overnight success, nor can you implement or perfect them quickly.

In network the term protocols means ____.

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A. Procedures
B. Conditions
C. Algorithms
D. Rules and regulations
✅ The correct answer is option D.
In network the term protocols means rules and regulations. A protocol is a set of rules and guidelines for communicating data. Rules are defined for each step and process during communication between two or more computers. Networks have to follow these rules to successfully transmit data.

Which of the following is Electronic Conference Tool(s)?

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A. Chat System
B. Video Conferencing
C. Discussion Forum
D. All the above
✅ The correct answer is option D.
Chat System, Video Conferencing and Discussion Forum are Electronic Conference Tools. Electronic conferencing is a method of holding meetings with customers or colleagues in different locations via the Internet. This type of conference is known as a virtual meeting because the participants don’t have to be in the same room to communicate or share information.