Management MCQs

Balanced scorecard perspective measures company’s success in targeted segments of customers, this perspective can also be classified as

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A. internal business process perspective
B. customer perspective
C. learning perspective
D. financial perspective
✅ The correct answer is option B.
Balanced scorecard perspective measures company’s success in targeted segments of customers, this perspective can also be classified as customer perspective. Customer perspective measures consider the organization’s performance through the eyes of its customers, so that the organization retains a careful focus on customer needs and satisfaction.

Vertically upward dimension of cost analysis is also called

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A. project dimension
B. accounting-period dimension
C. back-flush accounting dimension
D. lean accounting dimension
✅ The correct answer is option B.
Vertically upward dimension of cost analysis is also called accounting-period dimension. The Period dimension represents time periods, such as quarters and months. It contains time periods and frequencies by displaying the time periods in a hierarchy.

A company designs the product with little or no input from customers, the company is practicing which of the following concept?

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A. Product concept
B. Marketing concept
C. Selling concept
D. Production concept
✅ The correct answer is option A.
A company designs the product with little or no input from customers, the company is practicing Product concept. The idea of production concept – “Consumers will favor products that are available and highly affordable”. This concept is one of the oldest Marketing management orientations that guide sellers.

Type of bonds in which whole issues matures on a single date is considered as

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A. term bonds
B. under bonds
C. collateral bonds
D. trustworthy bonds
✅ The correct answer is option A.
Type of bonds in which whole issues matures on a single date is considered as term bonds. A term bond refers to bonds from the same issue with the same maturity dates. In effect, term bonds mature on a specific date in the future and the bond face value must be repaid to the bondholder on that date. The term of the bond is the amount of time between bond issuance and bond maturity.

Call premium is added to face value of bond to calculate

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A. call price of bond
B. premium price of bond
C. call price of stock
D. discounted price of stock
✅ The correct answer is option A.
Call premium is added to face value of bond to calculate call price of bond. The call price is the price a bond issuer or preferred stock issuer must pay investors if it wants to buy back, or call, all or part of an issue before the maturity date.

Formulating and executing HR systems that produce employee competencies and behaviors needed to achieve the company’s strategic aims is (are):

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A. Strategic HR Management
B. Strategy execution
C. HR strategies
D. Strategic implementation
✅ The correct answer is option A.
Formulating and executing HR systems that produce employee competencies and behaviors needed to achieve the company’s strategic aims is Strategic HR Management. Strategic human resource management is the practice of attracting, developing, rewarding, and retaining employees for the benefit of both the employees as individuals and the organization as a whole. As a result, the goals of a human resource department reflect and support the goals of the rest of the organization.

The transmission of thoughts from person to another is___________.

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A. communication
B. controlling
C. consultative
D. organizing
✅ The correct answer is option A.
The transmission of thoughts from person to another is communication. Communications is fundamental to the existence and survival of humans as well as to an organization. It is a process of creating and sharing ideas, information, views, facts, feelings, etc. among the people to reach a common understanding. Communication is the key to the Directing function of management.

In business, __________ generally refers to the fight for market share which serves the same basic customer needs

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A. Competition
B. Composition
C. Rivalry
D. None of the above
✅ The correct answer is option A.
In business, Competition generally refers to the fight for market share which serves the same basic customer needs. Competition is the rivalry between companies selling similar products and services with the goal of achieving revenue, profit, and market share growth.