Management MCQs

Leadership behaviour is influenced by certain qualities of a person is __________.

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A. Followers theory
B. Trait theory
C. Situational theory
D. Managerial grid
✅ The correct answer is option B.
Leadership behaviour is influenced by certain qualities of a person is Trait theory. The trait theory of leadership is an early assumption that leaders are born and due to this belief, those that possess the correct qualities and traits are better suited to leadership. This theory often identifies behavioural characteristics that are common in leaders.

____________ assesses the whole strategic management process

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A. Strategic audit
B. Company audit
C. Business audit
D. None of the above
✅ The correct answer is option A.
Strategic audit assesses the whole strategic management process. A strategic audit is an in-depth review to determine whether a company is meeting its organizational objectives in the most efficient way. Additionally, it examines whether the company is utilizing its resources fully. A successful strategic audit is beneficial to any company.

Contribution margin per unit is multiplied to number of units sold to calculate

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A. revenue margin
B. variable margin
C. contribution margin
D. divisor margin
✅ The correct answer is option C.
Contribution margin per unit is multiplied to number of units sold to calculate contribution margin. Contribution margin is a product’s price minus all associated variable costs, resulting in the incremental profit earned for each unit sold. The total contribution margin generated by an entity represents the total earnings available to pay for fixed expenses and to generate a profit.

Which year the Bretton Wood agreement failed?

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A. 1983
B. 1971
C. 1963
D. 1989
✅ The correct answer is option B.
The Bretton Wood agreement failed in 1971, when President Richard Nixon severed the link between the dollar and gold — a decision made to prevent a run on Fort Knox, which contained only a third of the gold bullion necessary to cover the amount of dollars in foreign hands.

Which of the following is not the special purpose simulation language?

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A. BASIC
B. GPSS
C. GASP
D. SIMSCRIPT
✅ The correct answer is option A.
BASIC is not the special purpose simulation language. BASIC stands for beginner’s all-purpose symbolic instruction code, and is a computer programming language that was invented in 1964 at Dartmouth University by John G Kemeny and Thomas E Kurtz. BASIC has the advantage of English-like commands that are easier to understand and remember than those of most other languages.

Larger fluctuations in portfolio value of foreign exchange of financial institutions leads to

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A. greater liquidity of assets
B. greater volatility of rates
C. lesser volatility of rates
D. lesser liquidity of assets
✅ The correct answer is option B.
Larger fluctuations in portfolio value of foreign exchange of financial institutions leads to greater volatility of rates. It is the money value of your investment portfolio.

________ markets are made up of members of the distribution chain.

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A. Consumer
B. Business-to-business (industrial)
C. Channel
D. Institutional
✅ The correct answer is option C.
Channel markets are made up of members of the distribution chain. Channel marketing is what facilitates the movement of products from the manufacturer to the consumer. Also referred to as intermediaries, channel partners ensure that the products reach their intended audience. Such business partnerships help to reduce the cost of delivery and improve efficiency.