Management MCQs

Type of contract which involves exchange of assets will be occurred in future at price settled daily is classified as

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A. spot contract
B. forward contract
C. future contracts
D. present contract
✅ The correct answer is option C.
Type of contract which involves exchange of assets will be occurred in future at price settled daily is classified as future contracts. A futures contract is a legal agreement to buy or sell a particular commodity or asset at a predetermined price at a specified time in the future. Futures contracts are standardized for quality and quantity to facilitate trading on a futures exchange.

Which of the following is not an element of traditional job design?

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A. Formal Organisation charts
B. Clear and precise job descriptions
C. Well-defined mobility (promotion and transfer) paths
D. Employee number chart
✅ The correct answer is option D.
Employee number chart is not an element of traditional job design. Good job design considers the company’s performance needs along with individual employee skills, needs and motivation. The different elements that fall under consideration include the tasks that need to be performed, job enlargement, job rotation and job enrichment.

When a company distributes its products through a channel structure that includes one or more resellers, this is known as ________.

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A. Indirect marketing
B. Direct marketing
C. Multi-level marketing
D. Integrated marketing
✅ The correct answer is option A.
When a company distributes its products through a channel structure that includes one or more resellers, this is known as Indirect marketing. Indirect marketing is a way for a business to market their product, idea, or service without having to use the methods of SPAM or direct advertising and marketing.

Passing of authority to make decisions to the lowest possible level in the organizational hierarchy is known as

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A. accountability
B. responsibility
C. decentralization
D. authority
✅ The correct answer is option C.
Passing of authority to make decisions to the lowest possible level in the organizational hierarchy is known as decentralization. Decentralization is the process by which the activities of an organization, particularly those regarding planning and decision making, are distributed or delegated away from a central, authoritative location or group.

Centralized market place where agents can have efficiently and quickly transactions is classified as

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A. secondary markets
B. central market
C. traded market
D. agents market
✅ The correct answer is option A.
Centralized market place where agents can have efficiently and quickly transactions is classified as secondary markets. The secondary market is where investors buy and sell securities they already own. It is what most people typically think of as the “stock market,” though stocks are also sold on the primary market when they are first issued.

_____ duplex transmission can flow data in two ways but one direction at a time.

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A. Full
B. Switch
C. Half
D. Circuit
✅ The correct answer is option C.
Half duplex transmission can flow data in two ways but one direction at a time. In half-duplex mode, both the devices can send and receive the data and also can utilize the entire bandwidth of the communication channel during the transmission of data.

Type of voting in which all directors in voting lists are voted at same time is classified as

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A. cumulative voting
B. non-cumulative voting
C. dual class voting
D. limited voting
✅ The correct answer is option A.
Type of voting in which all directors in voting lists are voted at same time is classified as cumulative voting. Cumulative voting is a type of voting system that helps strengthen the ability of minority shareholders to elect a director. This method allows shareholders to cast all of their votes for a single nominee for the board of directors when the company has multiple openings on its board.

The buying process starts when the buyer recognizes a _________.

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A. Product
B. An advertisement for the product
C. A salesperson from a previous visit
D. Problem or need
✅ The correct answer is option D.
The buying process starts when the buyer recognizes a Problem or need. The consumer buying process is the steps a consumer takes in making a purchasing decision. The steps include recognition of needs and wants, information search, evaluation of choices, purchase, and post-purchase evaluation.

A problem is classified as Markov chain provided.

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A. There are finite number of possible states
B. States are collectively exhaustive & mutually exclusive
C. Long-run probabilities of being in a particular state will be constant over time
D. All of the above
✅ The correct answer is option D.
A problem is classified as Markov chain provided are there are finite number of possible states, States are collectively exhaustive & mutually exclusive and Long-run probabilities of being in a particular state will be constant over time.