Management MCQs

Service acquired from other state is related to

by
A. dumping
B. bribes
C. outsourcing
D. exchange policy
✅ The correct answer is option C.
Service acquired from other state is related to outsourcing. Outsourcing is the business practice of hiring a party outside a company to perform services and create goods that traditionally were performed in-house by the company’s own employees and staff. Outsourcing is a practice usually undertaken by companies as a cost-cutting measure.

Funds transferred usually for a day between financial institutions are classified as

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A. federal funds
B. bankers
C. debt funds
D. secured funds
✅ The correct answer is option A.
Funds transferred usually for a day between financial institutions are classified as federal funds. Federal funds, often referred to as fed funds, are excess reserves that commercial banks and other financial institutions deposit at regional Federal Reserve banks; these funds can be lent, then, to other market participants with insufficient cash on hand to meet their lending and reserve needs. The loans are unsecured and are made at a relatively low interest rate, called the federal funds rate or overnight rate, as that is the period for which most such loans are made.

Customer behavior in which the customer moves from one queue to another in a multiple channel situation is.

by
A. Balking
B. Reneging
C. Jockeying
D. Altering
✅ The correct answer is option C.
Customer behavior in which the customer moves from one queue to another in a multiple channel situation is Jockeying. Customers may jockey from one line to another, i.e. move from one line to another. This can be seen typically at supermarkets as well as train stations, where a person leaves the line he is standing in, and joins another line which appears to be shorter, or appears to be moving faster.

In strategic human resource management, HR strategies are generally aligned with

by
A. Business Strategy
B. Marketing Strategies
C. Finance strategy
D. Economic strategy
✅ The correct answer is option A.
In strategic human resource management, HR strategies are generally aligned with Business Strategy. Strategic human resource management can be defined as the linking of human resources with strategic goals and objectives in order to improve business performance and develop organizational culture that foster innovation, flexibility and competitive advantage.

The one of the following is the best reason for the reduced use of written tests is

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A. They are hard to construct
B. They are difficult to validate
C. They are expensive to administrative
D. They give very little information
✅ The correct answer is option B.
The one of the following is the best reason for the reduced use of written tests is they are difficult to validate.

The purpose of Job Evaluation is to determine

by
A. Worth of a job in relation to other jobs
B. Time duration of a job
C. Expenses incurred to make a job
D. None of the above
✅ The correct answer is option A.
The purpose of Job Evaluation is to determine worth of a job in relation to other jobs. Job evaluations have many purposes within business organizations. While they may be perceived as focusing only an individual’s performance, they actually help the organization take a look at its structure, allowing it to make changes to improve its competitiveness or efficiency.

Type of financial security whose payoff is linked to any other security is called

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A. strong security
B. semi-strong security
C. derivate security
D. non-derivate security
✅ The correct answer is option C.
Type of financial security whose payoff is linked to any other security is called derivate security. A derivative is a financial security with a value that is reliant upon or derived from, an underlying asset or group of assets a benchmark.

The ________ is practiced most aggressively with unsought goods, goods that buyers normally do not think of buying, such as insurance, encyclopaedias, and funeral plots.

by
A. Marketing concept
B. Selling concept
C. Production concept
D. Product concept
✅ The correct answer is option B.
The Selling concept is practiced most aggressively with unsought goods, goods that buyers normally do not think of buying, such as insurance, encyclopaedias, and funeral plots. The Selling Concept proposes that customers, be individual or organizations will not buy enough of the organization’s products unless they are persuaded to do so through selling effort. So organizations should undertake selling and promotion of their products for marketing success.

Job analysis produces which of the following, regardless of the technique used?

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A. Benchmarks
B. Individual interview
C. Job specifications
D. Replacement charts
✅ The correct answer is option C.
Job analysis produces Job specifications, regardless of the technique used. One of the main purposes of conducting job analysis is to prepare job descriptions and job specifications which in turn helps hire the right quality of workforce into an organization.