Management MCQs

A circular or notice may be issued by only _____ designated for the purpose

by
A. Peon
B. Clerk
C. Typist
D. Officer
✅ The correct answer is option D.
A circular or notice may be issued by only Officer designated for the purpose. Circulars are announcements that are distributed to small or selective groups of people within the organization, and notices are meant for a larger group of people.

Control imposed after an action has occurred is

by
A. concurrent control
B. feed forward control
C. feedback control
D. preserving control
✅ The correct answer is option C.
Control imposed after an action has occurred is feedback control. Feedback control is a process that the manager uses to help her carry out those functions. This process gives the manager the necessary information to better execute her control function, allowing the team to meet the standards set by the manager’s plans.

A banker’s acceptance is a draft drawn on and accepted by an__________.

by
A. bank
B. importer
C. exporter
D. Agent
✅ The correct answer is option A.
A banker’s acceptance is a draft drawn on and accepted by an bank. A banker’s acceptance is an instrument representing a promised future payment by a bank. The payment is accepted and guaranteed by the bank as a time draft to be drawn on a deposit. The draft specifies the amount of funds, the date of the payment (or maturity), and the entity to which the payment is owed.

The EXIM policy 2002-2007 coincides with the:

by
A. 7th Five year plan
B. 8th Five year plan
C. 9th Five year plan
D. 10th Five year plan
✅ The correct answer is option C.
The EXIM policy 2002-2007 coincides with the 9th Five year plan seeks to consolidate the gains of the previous export-import policies and has set for itself a challenging target to achieve 1 percent to share in global trade by 2007.

Global bond market consists of all bonds sold by issued companies, governments, or other firms

by
A. within their own countries
B. outside their own countries
C. to London banks
D. to developing nations only
✅ The correct answer is option B.
Global bond market consists of all bonds sold by issued companies, governments, or other firms outside their own countries. A global bond is a type of bond that can be traded in a domestic or European market. It is a bond issued and traded outside the country where the currency of the bond is denominated. This type of bond is issued by a non-European company but sells in a European country or any other foreign market.

________ type of testing ensures the system is free of errors and is ready to be placed into operation.

by
A. Audit
B. General
C. Technical
D. Data
✅ The correct answer is option A.
Audit type of testing ensures the system is free of errors and is ready to be placed into operation. Audit testing is one of the methods the testing discipline can use to examine a testing process and produce usable feedback.

Liquidity risk is:

by
A. is risk investments bankers face
B. is lower for small OTC
C. is risk associated with secondary market transactions
D. increases whenever interest rates increases
✅ The correct answer is option C.
Liquidity risk is risk associated with secondary market transactions. Liquidity is the ability of a firm, company, or even an individual to pay its debts without suffering catastrophic losses. Conversely, liquidity risk stems from the lack of marketability of an investment that can’t be bought or sold quickly enough to prevent or minimize a loss.

Which of the following is not an element of strategic thinking?

by
A. Judge what strategic changes to make
B. Realize what needs to change
C. Understanding current strategic positions
D. Manage organizational resources and competencies
✅ The correct answer is option D.
Strategic thinking has six key elements that include the ability to: anticipate, challenge, interpret, decide, align and learn. While each of these elements has received isolated attention, they become significant in entirely new ways when examined in the context of one comprehensive framework.