Management MCQs

Effective mission statements

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A. are usually changed every few months
B. are usually changed every few years
C. never require revision
D. stand the test of time and require little revision
✅ The correct answer is option D.
Effective mission statements stand the test of time and require little revision. To be effective, mission statements need to clarify the intentions of the business while being inspirational and meaningful to customers and employees. Successful mission statements may take time to create, but when they are developed correctly, they provide a company with clear direction and purpose.

The field of HRM was founded on the idea that the competitive advantage of the organisation relies on the following sources of capital:

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A. cultural, human and system capital
B. social, cultural and human capital
C. organisation relies on the ,following sources of capital
D. cultural, human and source capital
✅ The correct answer is option B.
The field of HRM was founded on the idea that the competitive advantage of the organisation relies on the social, cultural and human capital. Human capital formation increases the income of the individuals by enhancing their technical skills and generating more of job opportunities.

Sales and inventory processing and accounting systems are examples of __________ systems.

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A. Transaction Processing
B. Process Control
C. Enterprise Collaboration
D. Management Information
✅ The correct answer is option A.
Sales and inventory processing and accounting systems are examples of Transaction Processing systems. A Transaction Processing System is a set of information which processes the data transaction in database system that monitors transaction programs. The system is useful when something is sold over the internet. It allows for a time delay between when an item is being sold to when it is actually sold.

If performance meets consumer expectations, the consumer is ________.

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A. Delighted
B. Satisfied
C. Disappointed
D. Surprised
✅ The correct answer is option B.
If performance meets consumer expectations, the consumer is Satisfied. Performance marketing is a comprehensive term that refers to online marketing and advertising programs in which advertisers and marketing companies are paid when a specific action is completed; such as a sale, lead or click.

The most advanced graphics software in any system used by management is normally found in __________________.

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A. TPS
B. ESS
C. Intranets
D. Enterprise systems
✅ The correct answer is option B.
The most advanced graphics software in any system used by management is normally found in ESS. ESS employ the most advanced graphics software and can present graphs and data from many sources.

If a company uses large quantity of input than budgeted quantity for output level, then company is known to be

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A. variable growth of company
B. constant growth of company
C. company is inefficient
D. company is efficient
✅ The correct answer is option C.
If a company uses large quantity of input than budgeted quantity for output level, then company is known to be company is inefficient.

At break-even point, an operating income must equal to

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A. $3,000
B. $2,000
C. $1,000
D. zero
✅ The correct answer is option D.
At break-even point, an operating income must equal to zero. A company breaks even for a given period when sales revenue and costs incurred during that period are equal. Thus the break-even point is that level of operations at which a company realizes no net income or loss.

1. Right environment is important because it will help the listener focus on what he is listening and avoid __________. 2. When you are too _________ involved in listening you tend to hear what you want to hear & not what is actually said.

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A. Attractions, Emotionally
B. Distractions, Physically
C. Distractions, Emotionally
D. Attractions, Physically
✅ The correct answer is option C.
1. Right environment is important because it will help the listener focus on what he is listening and avoid Distractions.

2. When you are too emotionally involved in listening you tend to hear what you want to hear & not what is actually said.

HRM typically provides which of these types of training to temporary employees?

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A. Retirement planning
B. Benefits options
C. Orientation
D. Career planning and management
✅ The correct answer is option C.
HRM typically provides Orientation types of training to temporary employees. Orientation means providing new employees with basic information about the employer. Training programs are used to ensure that the new employee has the basic knowledge required to perform the job satisfactorily. Orientation and Training is a big part of that and is a responsibility that you as the Employer must own.