Management MCQs

Which of the following is a characteristic of a customer-driving organization?

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A. Innovative
B. Conservative
C. Responsive
D. Unresponsive
✅ The correct answer is option C.
Responsive is a characteristic of a customer-driving organization. Customer responsiveness measures the speed and quality at which your company provides customer service and communication.

What does the acronym SMART refer to?

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A. Superiority, Measurement, Appropriability, Replicability, Transparency
B. Specific, Measurable, Achievable, Realistic, Timescale
C. Substitutability, Measurement, Appropriability, Replicability, Transparency
D. Specific, Measurable, Achievable, Realistic, Timely
✅ The correct answer is option B.
S.M.A.R.T. is an acronym that stands for specific, measurable, achievable, realistic and timescale.

Lack of openness in communication

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A. reduces employee satisfaction
B. has no effect on employee satisfaction
C. reduces management satisfaction
D. shows good management control
✅ The correct answer is option A.
Lack of openness in communication reduces employee satisfaction. Openness in interpersonal communication is a person’s willingness to self-disclose to reveal information about himself or herself as appropriate. Openness also includes a willingness to listen openly and to react honestly to the messages of others.

If demand of loanable demands decrease then borrowing cost of funds is

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A. upside
B. lower
C. higher
D. zero
✅ The correct answer is option B.
If demand of loanable demands decrease then borrowing cost of funds is lower. Cost of borrowing refers to the total amount a debtor pays to secure a loan and use funds, including financing costs, account maintenance, loan origination, and other loan-related expenses.

Method of auction of futures contract in which traders sell their futures contracts at a specified price by crying out in louder voices is classified as

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A. traders gathered auction
B. close outcry auction
C. specified auction
D. open outcry auction
✅ The correct answer is option D.
Method of auction of futures contract in which traders sell their futures contracts at a specified price by crying out in louder voices is classified as open outcry auction. Open outcry is a method of verbal and hand signal communication used by traders at stock and futures exchanges. Signals and shouts convey trading information, intentions, and acceptance in the trading pits.

_________ strategy is much talked and publicized in the present Indian environment

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A. Corporate
B. Business
C. Functional
D. Growth
✅ The correct answer is option D.
Growth strategy is much talked and publicized in the present Indian environment. A growth strategy is a plan of action that allows you to achieve a higher level of market share than you currently have. Contrary to popular belief, a growth strategy is not necessarily focused on short-term earnings—growth strategies can be long-term, too.

What is an emergent strategy?

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A. One with clear objectives leading to a clear strategy
B. One with no specific objectives, that is fully flexible, using opportunism to seize the main chance at the right moment
C. One with a formal approach to adaptive strategy creation, so that in a turbulent environment objectives and strategies can be adjusted
D. One that has a clear mission and directional objectives but that also recognizes the need for flexibility
✅ The correct answer is option B.
One with no specific objectives, that is fully flexible, using opportunism to seize the main chance at the right moment is an emergent strategy. Emergent strategy is a set of actions, or behavior, consistent over time, “a realized pattern [that] was not expressly intended” in the original planning of strategy. When a deliberate strategy is realized, the result matches the intended course of action.

What have been constructed for Operations Research problems and methods for solving the models that are available in many cases?

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A. Scientific Models
B. Algorithms
C. Mathematical Models
D. None of the above
✅ The correct answer is option C.
Mathematical Models have been constructed for Operations Research problems and methods for solving the models that are available in many cases. A mathematical model can be defined as a description of a system using mathematical concepts and language to facilitate proper explanation of a system or to study the effects of different components and to make predictions on patterns of behaviour (Abramowitz and Stegun, 1968).