Management MCQs

An insensitivity of demand in relevance to change in price will be called

by
A. demand elasticity
B. price elasticity
C. price inelasticity
D. demand inelasticity
✅ The correct answer is option D.
An insensitivity of demand in relevance to change in price will be called demand inelasticity. Inelastic demand is when the buyer’s demand does not change as much as the price changes.

The penalty for the contravention of foreign trade rules is decided by.

by
A. The Appellate authority
B. The Adjudicating authority
C. The Competing authority
D. The Regional Licensing Authority
✅ The correct answer is option B.
The penalty for the contravention of foreign trade rules is decided by The Adjudicating authority. The Central Government shall, by notification, appoint one or more Adjudicating Authorities to exercise jurisdiction, powers and authority conferred by or under this Act.

Position which came in to existence because of holding assets more than liabilities is considered as

by
A. net long in currency
B. net short in currency
C. net surplus in assets
D. net surplus in liabilities
✅ The correct answer is option A.
Position which came in to existence because of holding assets more than liabilities is considered as net long in currency. Net long refers to a condition in which an investor has a portfolio consisting of more long positions than short positions in a given asset, market, portfolio or trading strategy.

Budget which is planned around a single output level is called

by
A. marketing budget
B. methodological budget
C. static budget
D. varied budget
✅ The correct answer is option C.
Budget which is planned around a single output level is called static budget. A static budget is a type of budget that incorporates anticipated values about inputs and outputs that are conceived before the period in question begins.

Commercial papers cannot be converted in to cash with easy and quick transactions because of lack of

by
A. organized secondary markets
B. organized primary market
C. organized interest markets
D. organized money markets
✅ The correct answer is option A.
Commercial papers cannot be converted in to cash with easy and quick transactions because of lack of organized secondary markets. Commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts payable and inventories and meeting short-term liabilities.

Job Evaluation is carried on by

by
A. Groups
B. Individuals
C. Both (A) and (B)
D. None of the above
✅ The correct answer is option A.
Job Evaluation is carried on by groups. Since job evaluation is subjective, specially trained personnel or job analysts should conduct it. When a group of managers is used for this purpose, the group is called a job evaluation committee. The committee reviews job analysis information to learn about the duties, responsibilities and working conditions.

Who are the people that actually use the system to perform or support the work to be completed?

by
A. System analysts
B. System designers
C. System owners
D. None of the above
✅ The correct answer is option D.
MIS refers to computer software that is used to store, organize and analyze information. Management information systems are used to track sales, inventory, equipment and related business information. In the past, management information systems ran on mainframe computers. As computing systems evolved, MIS moved to run on client/server systems. Today, it’s common for MIS to run in the cloud or in a hybrid cloud.