Management MCQs

Elements of delegation_________.

by
A. responsibility, authority, accountability
B. authority, delegation, accountability
C. responsibility, decentralization, centralization
D. controlling, responsibility, authority
✅ The correct answer is option A.
Elements of delegation are responsibility, authority and accountability. Every time you delegate work to a teammate, three inescapable core elements of delegation are in play. Authority, responsibility, and accountability form an integrated process and must be applied by you as a unified whole.

A ______ is a communication processor that connects two similar LANs

by
A. Router
B. Bridge
C. Adapter
D. Hub
✅ The correct answer is option B.
A Bridge is a communication processor that connects two similar LANs. A bridge is a hardware device that is used to connect LANs so that they can exchange data. Bridges can work with networks that use different wiring or network protocols, joining two or more LAN segments to from what appears to be a single network.

Example of derivative securities includes

by
A. swap contract
B. option contract
C. futures contract
D. all of above
✅ The correct answer is option D.
Example of derivative securities includes swap contract, option contract and futures contract. A derivative is an instrument whose value is derived from the value of one or more underlying, which can be commodities, precious metals, currency, bonds, stocks, stocks indices, etc.

Auction of TIPS security is classified as

by
A. premium bid auction
B. discount bid auction
C. multiple bid auction
D. One bid auction
✅ The correct answer is option D.
Auction of TIPS security is classified as one bid auction. Bidding is competitively offering a price that the bidder or the person offering a bid is willing to pay for a commodity this commodity can be anything, cars, bikes, properties, etc. The price offered is called a bid, the person offering the price is called the bidder and the entire phenomenon is known as bidding.

Variable cost per unit is multiplied to quantity of sold units to calculate

by
A. per unit cost
B. variable cost
C. fixed cost
D. multiple cost
✅ The correct answer is option B.
Variable cost per unit is multiplied to quantity of sold units to calculate variable cost. A variable cost is a corporate expense that changes in proportion to production output. Variable costs increase or decrease depending on a company’s production volume; they rise as production increases and fall as production decreases.

A constraint in an LP model becomes redundant because.

by
A. Two iso-profit line may be parallel to each other
B. The solution is unbounded
C. This constraint is not satisfied by the solution values
D. None of the above
✅ The correct answer is option D.
A redundant constraint is a constraint that can be omitted from the system without changing the set of feasible solutions S. An implicit equality constraint is an inequality constraint that can be replaced by an equality constraint without changing S.