Management MCQs

The last step in the e-selection process is

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A. consider how the various new stakeholders and clients will use the system
B. train the employees that will be responsible for the administration of the process
C. draw-up a flow chart of the current assessment process
D. draft the desired flow process that will result from the E-selection process
✅ The correct answer is option B.
The last step in the e-selection process is train the employees that will be responsible for the administration of the process. It is a procedure of matching organizational requirements with the skills and qualifications of people. Employee Selection is the process of choosing individuals who have relevant qualifications to fill jobs in an organization.

MBE is a technique of management

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A. Control
B. Planning
C. Organizing
D. staffing
✅ The correct answer is option A.
MBE is a technique of management Control. Management by exception (MBE), when applied to business is a style of management that gives employees the responsibility to take decisions and to fulfill their work or projects by themselves. It consists of focus and analysis of statistically relevant anomalies in the data.

Prototyping replaces unplanned work with _______________.

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A. End-user practices
B. System analysis
C. Hard-copy analysis
D. Planned iteration
✅ The correct answer is option D.
Prototyping replaces unplanned work with Planned iteration. Prototyping is more explicitly iterative than the conventional life cycle, and it actively promotes system design changes. It has been said that prototyping replaces unplanned rework with planned iteration, with each version more accurately reflecting users’ requirements.

Finger print system of security control comes under ______.

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A. Procedural
B. Biometric
C. Hardware
D. Facility
✅ The correct answer is option B.
Finger print system of security control comes under Biometric. Fingerprint sensor is the main part of this system. It makes use of Biometric sensor to detect fingerprint. It is also called as Biometric sensor.

Corporate sustaining costs and distribution channel costs are also classified as

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A. indirect costs
B. variable costs
C. fixed costs
D. direct costs
✅ The correct answer is option C.
Corporate sustaining costs and distribution channel costs are also classified as fixed costs. A fixed cost is a cost that does not change with an increase or decrease in the amount of goods or services produced or sold. Fixed costs are expenses that have to be paid by a company, independent of any specific business activities.

The Michigan Model emphasis the following functions and their inter-relates.

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A. Selection, recruitment, induction and promotions
B. Appraisal, rewards, promotions and retention
C. Selection, recruitment, rewards and promotion
D. Selection, appraisal, rewards and human resource development
✅ The correct answer is option D.
The Michigan Model emphasis the Selection, appraisal, rewards and human resource development and their inter-relates. The Michigan model is ‘hard’ HRM because it is based on strategic control, organisational structure, and systems for managing people. It acknowledges the central importance of motivating and rewarding people, but concentrates most on managing human assets to achieve strategic goals.

___________ is also known as corporate appraisal, appraisal of internal factors and audit of organizational competence

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A. Organizational analysis
B. Environmental analysis
C. Industry analysis
D. Business analysis
✅ The correct answer is option A.
Organizational analysis is also known as corporate appraisal, appraisal of internal factors and audit of organizational competence. Organizational analysis is the process of appraising the growth, personnel, operations, and work environment of an entity. Undertaking an organizational analysis is beneficial as it enables management to identify areas of weakness, and then find approaches for eliminating the problems.

Consider buying of put option, probability that a buyer would have negative payoff increases with the

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A. increase in stock price
B. decrease in stock price
C. increase in maturity duration
D. decrease in maturity duration
✅ The correct answer is option A.
Consider buying of put option, probability that a buyer would have negative payoff increases with the increase in stock price.

If bonds are used as an investment vehicle by investors of institutions then bond must be

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A. automated
B. discounted
C. rated
D. stocked
✅ The correct answer is option C.
If bonds are used as an investment vehicle by investors of institutions then bond must be rated. A bond, also known as a fixed-income security, is a debt instrument created for the purpose of raising capital. They are essentially loan agreements between the bond issuer and an investor, in which the bond issuer is obligated to pay a specified amount of money at specified future dates.