Management MCQs

In standard costing, standard quantity allocation is multiplied to standard overhead rates for allocating

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A. flexible costs
B. variable costs
C. overhead costs
D. fixed costs
✅ The correct answer is option C.
In standard costing, standard quantity allocation is multiplied to standard overhead rates for allocating overhead costs. Overhead costs refer to those expenses associated with running a business that can’t be linked to creating or producing a product or service.

In cost-plus pricing, ‘plus’ refers to a component named as

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A. off shore cost
B. markup
C. sunk cost
D. outsource cost
✅ The correct answer is option B.
In cost-plus pricing, ‘plus’ refers to a component named as markup. Cost-plus pricing, also called markup pricing, is the practice by a company of determining the cost of the product to the company and then adding a percentage on top of that price to determine the selling price to the customer.

Which is not the type of communication channel

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A. Speaking, listening
B. Writing, reading
C. Visualizing, observing
D. Thinking, acting
✅ The correct answer is option D.
Thinking and acting is not the type of communication channel. A communication channel is a type of media that is used to transfer a message from one person to another. In business specifically, communication channels are the way information flows in the organization within, and with other companies.

HR’s basic challenges in formulating strategies include(s):

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A. Need to support corporate productivity and performance improvement efforts.
B. Employees not play any role in performance improvement efforts
C. Not being involved in designing the company’s strategic plan
D. Management agenda’s
✅ The correct answer is option A.
HR’s basic challenges in formulating strategies includes need to support corporate productivity and performance improvement efforts.

The capital account of balance of payments represents

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A. Balances the central bank of the country maintains with IMF
B. Balances held by commercial banks of the country with their central bank
C. Investment made by the country s resident abroad, but not vice versa
D. None of the above
✅ The correct answer is option C.
The capital account of balance of payments represents Investment made by the countries resident abroad, but not vice versa.

Risk faced by financial institutions in which advancement of technology does not produce savings in cost is classified as

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A. savings risk
B. advance risk
C. cost risk
D. technology risk
✅ The correct answer is option D.
Risk faced by financial institutions in which advancement of technology does not produce savings in cost is classified as technology risk. Technology risk is any potential for technology failures to disrupt your business such as information security incidents or service outages. The potential for losses due to technology failures.

The process of transforming plain text or data into cipher text that cannot be read by anyone other than the sender and the intended receiver is called _________________.

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A. Demodulation
B. Filtering
C. Encryption
D. Stateful inspection
✅ The correct answer is option C.
The process of transforming plain text or data into cipher text that cannot be read by anyone other than the sender and the intended receiver is called Encryption. Encryption is a way of scrambling data so that only authorized parties can understand the information. In technical terms, it is the process of converting plaintext to ciphertext. In simpler terms, encryption takes readable data and alters it so that it appears random.

A job design is

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A. The design involving maximum acceptable job design qualities to perform a job
B. The division of total task to be performed into manageable and efficient units
C. A systematic way of designing and determination of the worth of a job
D. None of the above
✅ The correct answer is option B.
A job design is the division of total task to be performed into manageable and efficient units. Job design is the allocation of specific work tasks to individuals and groups. Allocating jobs and tasks means specifying the contents, method, and relationships of jobs to satisfy technological and organizational requirements, as well as the personal needs of jobholders.

An energy, machine maintenance, indirect materials and engineering support are considered as

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A. variable overhead cost
B. fixed overhead cost
C. fixed batch cost
D. variable batch cost
✅ The correct answer is option A.
An energy, machine maintenance, indirect materials and engineering support are considered as variable overhead cost. Variable overhead costs tend to be higher when a business is engaged in a greater number of transactions, a higher level of production, or other situations in which more business events take place. The opposite of fixed overhead costs such as payroll and insurance, which generally remain static.