Management MCQs

An investment is multiplied to required rate of return to calculate

by
A. congruent cost of investment
B. transfer cost of investment
C. operating cost of investment
D. imputed cost of investment
✅ The correct answer is option D.
An investment is multiplied to required rate of return to calculate imputed cost of investment. An imputed cost is a cost that is incurred by virtue of using an asset instead of investing it or undertaking an alternative course of action. An imputed cost is an invisible cost that is not incurred directly, as opposed to an explicit cost, which is incurred directly.

If an iso-profit line yielding the optimal solution coincides with a constaint line, then.

by
A. The solution is unbounded
B. The solution is infeasible
C. The constraint which coincides is redundant
D. None of the above
✅ The correct answer is option D.
An iso-profit line represents an infinite number of solutions all of which yield the same profit. The graph of the profit function is called an iso-profit line. It is called this because “iso” means “same” or “equal” and the profit anywhere on the line is the same.

Men, Money Material and Machines are included in

by
A. factors of production
B. resources
C. budget preparation
D. cost analysis
✅ The correct answer is option B.
Men, Money Material and Machines are included in resources. Resource management is the process by which businesses manage their various resources effectively. Those resources can be intangible – people and time – and tangible – equipment, materials, and finances. It involves planning so that the right resources are assigned to the right tasks.

In the future, HR managers will have to deal with all of the following workforce changes, except

by
A. a more racially diverse workforce
B. a skills shortfall among workers
C. an abundance of entry level workers
D. an older workforce
✅ The correct answer is option C.
In the future, HR managers will have to deal with all of the following workforce changes, except an an abundance of entry level workers.

Mr. ‘A’ must decide what positions the firm should fill in the next six months. What activity is Mr. ‘A’ working on?

by
A. Recruitment
B. Selection
C. Personnel planning
D. Interviewing
✅ The correct answer is option C.
Mr. ‘A’ working on Personnel planning. Personnel planning are the first step in the recruiting and selection process. It is the process of determining an organization’s human resource needs. By such planning an organization ensures that it has right number and kinds of people.

Decisions made by team of individuals or single person, whether to outsource products or in-source are classified as

by
A. demand or supply decisions
B. make or buy decisions
C. relevant or irrelevant decision
D. idle or busy decisions
✅ The correct answer is option B.
Decisions made by team of individuals or single person, whether to outsource products or in-source are classified as relevant or irrelevant decision.

The interview is used as a method for determining :

by
A. The personality of the candidate.
B. The degree ‘of fit between the applicant and the demands of the job.
C. His/her age.
D. Physical attributes
✅ The correct answer is option B.
The interview is used as a method for determining the degree ‘of fit between the applicant and the demands of the job. A job interview is an interview consisting of a conversation between a job applicant and a representative of an employer which is conducted to assess whether the applicant should be hired.

Considering two years 2013 and 2014, quantity of output produced in 2014 is divided by cost of input used in 2013, to produce output in 2014 to calculate

by
A. benchmark engineered productivity
B. benchmark total factor productivity
C. benchmark partial productivity
D. benchmark total productivity
✅ The correct answer is option B.
Considering two years 2013 and 2014, quantity of output produced in 2014 is divided by cost of input used in 2013, to produce output in 2014 to calculate benchmark total factor productivity.