Management MCQs

What refers to Linear Programming that includes an evaluation of relative risks and uncertainties in various alternatives of choice for management decisions ?

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A. Probabilistic Programming
B. Stochastic Programming
C. Both A and B
D. Linear Programming
✅ The correct answer is option C.
Probabilistic Programming and Stochastic Programming refers to Linear Programming that includes an evaluation of relative risks and uncertainties in various alternatives of choice for management decisions. Probabilistic programming is a programming paradigm in which probabilistic models are specified and inference for these models is performed automatically. Stochastic Programming. Stochastic programs are mathematical programs where some of the data incorporated into the objective or constraints is uncertain.

______________ is unauthorized copying of software.

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A. Software Piracy
B. Trojan Horse
C. Trojan Horse
D. Packet Sniffer
✅ The correct answer is option A.
Software Piracy is unauthorized copying of software. Software piracy is the illegal copying, distribution, or use of software. It is such a profitable “business” that it has caught the attention of organized crime groups in a number of countries. According to the Business Software Alliance (BSA), about 36% of all software in current use is stolen.

Identifying and executing the firm’s mission by matching its capabilities with demands of its environment is the firm’s:

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A. Strategic Management
B. Mission statement
C. Vision
D. SWOT analysis
✅ The correct answer is option A.
Identifying and executing the firm’s mission by matching its capabilities with demands of its environment is the firm’s Strategic Management. The strategic management process is a management technique used to plan for the future: Organizations create a vision by developing long-term strategies.

Which of the following is NOT a goal of HRM?

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A. Integration of HRM with the corporate strategy of the Organization
B. Producing the desired human behavior that helps to achieve Organisations goals
C. Creation of a flexible environment that can easily adopt change
D. To endure proper delivery of products
✅ The correct answer is option D.
To endure proper delivery of products is NOT a goal of HRM. The primary objective of HRM is to ensure the availability of a competent and willing workforce to an organization. Beyond this, there are other objectives, too. Specifically, HRM objectives are four folds- societal, organizational, functional, and personal.

Which of the following is not an advantage of using a private employment agency?

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A. it may be faster than in-house recruiting
B. it does not require internal recruitment specialists
C. screening may not be as thorough
D. it may be better for attracting minority candidates
✅ The correct answer is option C.
Screening may not be as thorough is not an advantage of using a private employment agency. A screening interview is a type of job interview that’s conducted to determine if the applicant has the qualifications needed to do the job for which the company is hiring.

Suppliers and demanders of long term investment funds are work closely in

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A. bond markets
B. classical set markets
C. open end markets
D. close end markets
✅ The correct answer is option A.
Suppliers and demanders of long term investment funds are work closely in bond markets. The bond market is the environment in which the issuance and trading of debt securities occur.

MODEM means ___.

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A. Modulation and Demodulation
B. Modernization and De-modern
C. Model and De-model
D. Modify and De-modify
✅ The correct answer is option A.
MODEM means Modulation and Demodulation. It is a hardware component that allows a computer or another device, such as a router or switch, to connect to the Internet. It converts or “modulates” an analog signal from a telephone or cable wire to digital data (1s and 0s) that a computer can recognize.

A ____________ is a form of product that consists of activities, benefits, or satisfactions offered for sale that are essentially intangible and do not result in the ownership of anything.

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A. Service
B. Demand
C. Need
D. Physical object
✅ The correct answer is option A.
A Service is a form of product that consists of activities, benefits, or satisfactions offered for sale that are essentially intangible and do not result in the ownership of anything. Service marketing is marketing based on relationship and value. It may be used to market a service or a product.

If the feasible region of a LPP is empty, the solution is ______________.

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A. Infeasible
B. Unbounded
C. Alternative
D. None of the above
✅ The correct answer is option A.
If the feasible region of a LPP is empty, the solution is infeasible. A linear program is infeasible if there exists no solution that satisfies all of the constraints — in other words, if no feasible solution can be constructed. Since any real operation that you are modelling must remain within the constraints of reality, infeasibility most often indicates an error of some kind. Simplex-based LP software like lp_solve efficiently detects when no feasible solution is possible.