Management MCQs

What is that describes the duties of the job, authority relationship, skills requirement, conditions of work etc.

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A. Job analysis
B. Job enlargement
C. Job enrichment
D. Job evaluation
✅ The correct answer is option A.
Job analysis describes the duties of the job, authority relationship, skills requirement, conditions of work etc. Job analysis is the process of gathering and analyzing information about the content and the human requirements of jobs, as well as, the context in which jobs are performed. This process is used to determine placement of jobs.

Which type of market efficiency declares that current security prices totally reflect all information, equally public and private

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A. Weak
B. Semi-strong
C. Strong
D. none of these
✅ The correct answer is option C.
Strong type of market efficiency declares that current security prices totally reflect all information, equally public and private. Strong form efficiency is the most stringent version of the efficient market hypothesis (EMH) investment theory, stating that all information in a market, whether public or private, is accounted for in a stock’s price.

Convenience products usually have intensive distribution because sales of these products tend to have a direct relationship to availability.

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A. TRUE
B. FALSE
Answer: Option A
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✅ The correct answer is option A.
Convenience products usually have intensive distribution because sales of these products tend to have a direct relationship to availability. A convenience product is a consumer product or service that customers normally buy frequently, immediately and without great comparison or buying effort.

Which type of organization has no place in the organization chart

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A. Informal organization
B. Formal organization
C. business or organization
D. strategic organization
✅ The correct answer is option A.
Informal organization has no place in the organization chart. An informal organization is the social structure of the organization, as opposed to the formal structure of an organization. It establishes how an organization functions from a practical standpoint.

Markets in which transactions are done through computers and telephone without any specific location are classified as

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A. past counter market
B. future counter market
C. over counter markets
D. capital counter market
✅ The correct answer is option C.
Markets in which transactions are done through computers and telephone without any specific location are classified as over counter markets. An over-the-counter (OTC) market is a market where trading is done directly between two parties, without any supervision. The difference between OTC markets and exchange markets, is that in exchange markets, trading occurs via exchanges.

________________ is a program that, unknown to the user, contains instructions that exploit a known vulnerability in some software.

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A. Hacking
B. Computer Crime
C. Trojan Horse
D. Sniffer
✅ The correct answer is option C.
Trojan Horse is a program that, unknown to the user, contains instructions that exploit a known vulnerability in some software. Trojan horse is a program downloaded and installed on a computer that appears harmless, but is, in fact, malicious. Unexpected changes to computer settings and unusual activity, even when the computer should be idle, are strong indications that a Trojan is residing on a computer.

The variables whose coefficient vectors are unit vectors are called ____________.

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A. Unit Variables
B. Basic Variables
C. Non basic Variables
D. None of the above
✅ The correct answer is option B.
The variables whose coefficient vectors are unit vectors are called basic variables. The basic variables can be defined as the m variables which can take any value other than zero. Moreover, if the variables satisfy the non-negativity condition of the LP model, the basic solution created by them is called the basic feasible solution. The remaining variables are known as the non-basic variables.

In a services context, distribution embraces all of the following elements EXCEPT ___________.

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A. core services flow
B. product flow
C. information and promotion flow
D. negotiation flow
✅ The correct answer is option A.
In a services context, distribution embraces all of the following elements EXCEPT core services flow. Distribution is the process of making a product or service available for the consumer or business user who needs it.

Static budget amount is subtracted from actual result to calculate

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A. static budget receipts
B. static budget deviation
C. static budget variance
D. multiple budget variance
✅ The correct answer is option C.
Static budget amount is subtracted from actual result to calculate static budget variance. The static budget is used as the basis from which actual results are compared. The resulting variance is called a static budget variance.