Management MCQs

Decision making helps in the smooth function of the___________.

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A. business
B. staffing
C. organization
D. planning
✅ The correct answer is option A.
Decision making helps in the smooth function of the business. Decision making is related to planning, organizing, directing and controlling functions of a manager. Decision making is important to achieve the organizational goals/objectives within given time and budget. Decision-making is a pervasive function of managers aimed at achieving organizational goals.

The primary purpose of marketing activities is to facilitate and encourage exchange transactions with potential customers.

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A. TRUE
B. FALSE
Answer: Option A
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✅ The correct answer is option A.
The primary purpose of marketing activities is to facilitate and encourage exchange transactions with potential customers. A major purpose of the marketing plan is to set the company on a specific course in marketing. Goals of marketing generally align with broader company objectives.

When an essential information for calculation of income statement is missing, then costs that can be considered for this purpose is called

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A. expected cost
B. expected revenues
C. irrelevant costs
D. relevant costs
✅ The correct answer is option D.
When an essential information for calculation of income statement is missing, then costs that can be considered for this purpose is called relevant costs. Relevant cost is a managerial accounting term that describes avoidable costs that are incurred only when making specific business decisions. The concept of relevant cost is used to eliminate unnecessary data that could complicate the decision-making process.

Considering bonds characteristics, corporate and treasury bonds have many

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A. different characteristics
B. similar characteristics
C. nearer characteristics
D. bearer characteristics
✅ The correct answer is option A.
Considering bonds characteristics, corporate and treasury bonds have many different characteristics. Unlike stocks, each bond contract has unique characteristics that define how repayment will occur. Every bond contract has at least five components: the borrower, price, date of maturity, value of maturity and coupon rate.

The following are the factors which come under ? Work planning? that is component systems of HRD

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A. Contextual analysis
B. Role analysis
C. Performance appraisal
D. All of the above
✅ The correct answer is option D.
Contextual analysis, Role analysis and Performance appraisal are the factors that come under work planning that is component systems of HRD.

Which of the following is true for small businesses in relation to strategic planning?

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A. It belongs in all organizations
B. It is too expensive
C. It only belongs in large organizations
D. The benefits are too long term
✅ The correct answer is option A.
It belongs in all organizations is true for small businesses in relation to strategic planning. Strategic planning is a process in which organizational leaders determine their vision for the future as well as identify their goals and objectives for the organization.

The scope of human resource management includes

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A. Production
B. Marketing
C. Inventory management
D. Training & Development
✅ The correct answer is option D.
The scope of human resource management includes Training & Development. Training and Development is a subsystem of an organization which emphasize on the improvement of the performance of individuals and groups. Training is an educational process which involves the sharpening of skills, concepts, changing of attitude and gaining more knowledge to enhance the performance of the employees.