Management MCQs

Costs that behaves as irrelevant costs in process of decision making are classified as

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A. past costs
B. future costs
C. expected costs
D. sunk costs
✅ The correct answer is option A.
Costs that behaves as irrelevant costs in process of decision making are classified as past costs. A past cost is money that has already been spent. These funds cannot be recovered, so the related cost is irrelevant for decision-making purposes. A past cost is also known as a sunk cost.

A leader forces his followers to work had and penalizes them is _________.

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A. positive style
B. negative style
C. autocratic style
D. democratic style
✅ The correct answer is option B.
A leader forces his followers to work had and penalizes them is negative style. Leaders are usually open-minded and have a strong will to execute. Conventionally leaders have common traits but to be better leaders one should know when to zig when others zag. It is possible to be opinionated, adaptable, and pleasant while being a good leader.

Most flexible and liquid source of funding for savings banks is

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A. annual loan market
B. federal funds market
C. functional funding market
D. secured funding market
✅ The correct answer is option B.
Most flexible and liquid source of funding for savings banks is federal funds market. Federal funds, often referred to as fed funds, are excess reserves that commercial banks and other financial institutions deposit at regional Federal Reserve banks; these funds can be lent, then, to other market participants with insufficient cash on hand to meet their lending and reserve needs. The loans are unsecured and are made at a relatively low interest rate, called the federal funds rate or overnight rate, as that is the period for which most such loans are made.

Accounts receivable and inventory are examples of

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A. short term working capital
B. long term working capital
C. long term fixed assets
D. short term fixed assets
✅ The correct answer is option A.
Accounts receivable and inventory are examples of short term working capital. Short term working capital is defined as current assets/current liabilities of a company.

A list of the duties, responsibilities, reporting relationship, working conditions and supervisory responsibilities of a job as a product of a job analysis is

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A. Job enlargement
B. Job design
C. Job description
D. Job enlistment
✅ The correct answer is option C.
A list of the duties, responsibilities, reporting relationship, working conditions and supervisory responsibilities of a job as a product of a job analysis is Job description. A job description is a document intended to provide job applicants with an outline of the main duties and responsibilities of the role for which they are applying.

Points to be kept in mind while writing apology letters. Which of the following statement is True(T) or False(F) are given below. 1. Take full responsibility of the problem caused 2. Be dramatic while apologizing

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A. TF
B. FT
C. FF
D. TT
✅ The correct answer is option A.
1. Take full responsibility of the problem caused

2. Dont be dramatic while apologizing

Holistic marketers achieve profitable growth by expanding customer share, ________, and capturing customer lifetime value.

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A. Undermining competitive competencies
B. Building customer loyalty
C. Milking the market for product desires
D. Renewing a customer base
✅ The correct answer is option B.
Holistic marketers achieve profitable growth by expanding customer share, Building customer loyalty, and capturing customer lifetime value. Holistic marketing concept is based on the development, design and implementation of marketing programs.

Motivating the employees is classified as

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A. Informational role
B. Interpersonal role
C. Decisional role
D. Conceptual role
✅ The correct answer is option B.
Motivating the employees is classified as Interpersonal role. Interpersonal skills are the life skills we use every day when we communicate and interact with other people, both individually and in groups. People who have worked on developing strong interpersonal skills are usually more successful in both their professional and personal lives.

Which one of the following types of organizations would benefit from a matrix structure?

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A. Diverse independent businesses in a conglomerate
B. Organizations growing through merger and acquisition
C. Small companies with few plants and limited product or service diversity
D. Small, sophisticated service companies
✅ The correct answer is option D.
Small, sophisticated service companies one of the following types of organizations would benefit from a matrix structure. A matrix organizational structure is a company structure in which the reporting relationships are set up as a grid, or matrix, rather than in the traditional hierarchy. In other words, employees have dual reporting relationships – generally to both a functional manager and a product manager.