Current Affairs Quiz 2024GKCourses UGC NETADRE 2.0English

Management Questions and Answers for Competitive Exams | MBA BBA Quiz Set 15

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Free Download as PDF Management Quiz Questions and Answers for Competitive Exams or solved MCQs with answers. These quiz objective questions are helpful for competitive exams SSC, UPSC, IAS, IPS, CDS, NDA, Railways or RRB, psc exams of Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Mizoram, Nagaland, Orissa, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttar Pradesh, West Bengal, Chhattisgarh, Uttarakhand, Jharkhand, Telangana etc.
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(1) Temporarily reducing prices to increase short-run sales is an example of which one of the following ?
(1) Segmented pricing
(2) Promotional pricing
(3) Dynamic pricing
(4) Geographical pricing
Answer: Promotional pricing
(2) Statement – I : In developing advertising programme marketing managers must always start by identifying the target market and buyer motives.

Statement – II : A company may run multiple ad campaigns at the same time, each emphasizing different aspects of its brand and service.

(1) Only Statement – I is correct
(2) Only Statement – II is correct.
(3) Both Statements – I and II are correct.
(4) Both Statements – I and II are incorrect
Answer: Both Statements – I and II are correct.

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(3) In which one of the following situations, a product-oriented layout is appropriate ?
(1) A medical clinic
(2) An automated carwash
(3) A work centre for welding, heat treating and painting
(4) A home plumbing repair business.
Answer: An automated carwash
(4) A graphic tool to trace the interaction of several workers with one machine is termed as
(1) Gang process chart
(2) Flow process chart
(3) Activity chart
(4) Operation chart
Answer: Gang process chart
(5) Which one of the following is a technique of statistical quality control used for product control ?
(1) R-chart
(2) Sampling plan
(3) np-chart
(4) control-chart
Answer: Sampling plan
(6) The decision-criterion in which a decision-maker selects an alternative that maximizes H (criterion of realism) = [a × (maximum in column)] + [(1 – a) × (minimum in column)] is called
(1) Laplace criterion
(2) Hurwicz criterion
(3) Wald’s criterion
(4) Bayesian criterion
Answer: Hurwicz criterion
(7) A Bernoulli process has all but which one of the following properties ?
(1) Each trial has two possible outcomes.
(2) The probability of a success on any trial remains fixed over time.
(3) The probability of success on any trial is equal to the probability of failure.
(4) Trials are statistically independent.
Answer: The probability of success on any trial is equal to the probability of failure.
(8) Statement – I : The product of coefficient of correlation, standard deviation of variable ‘X’ and Standard deviation of variable ‘Y’ gives the measure of covariance between X and Y variables.

Statement – II : The product of coefficient of correlation between X and Y variables and the ratio between standard deviation of X variable to standard deviation of Y variable measures the slope of the regression line of X on Y variable.

Codes :
(1) Both the Statements are correct
(2) Both the Statements are incorrect.
(3) Statement – I is correct while Statement – II is incorrect.
(4) Statement – I is incorrect while Statement – II is correct.
Answer: Both the Statements are correct
(9) Statement – I : Both the probable error and standard error of the coefficient of correlation are different.

Statement – II : When a sampling distribution of mean is prepared by taking small sized samples from a normally distributed population, the distribution takes the shape of normal distribution.

Codes :
(1) Both the Statements are correct.
(2) Both the Statements are incorrect.
(3) Statement – I is correct while Statement – II is incorrect.
(4) Statement – I is incorrect while Statement – II is correct
Answer: Both the Statements are correct
(10) Which one of the following is not the major characteristics of internet ?
(1) Open
(2) Expensive
(3) Global
(4) Untrusted
Answer: Expensive
(11) Assertion (A) : Private foreign capital lends to flow to the high profit areas rather than to the priority sectors.

Reasoning (R) : One of the important limitations to utilize the foreign capital is the absorptive capacity of the recipient country.

Codes :
(1) (A) and (R) both are correct and (R) is the correct explanation of (A).
(2) (A) and (R) both are correct but (R) is not the correct explanation of (A)
(3) (A) is correct whereas (R) is incorrect.
(4) (R) is correct whereas (A) is incorrect
Answer: (A) and (R) both are correct but (R) is not the correct explanation of (A)
(12) Consider the following statements and identify the correct code of true statements :

(a) When an organization’s survival is threatened and it is not competing effectively, retrenchment strategies are often needed.

(b) Turnaround strategy is used when an organization is performing well but has not yet reached a critical stage.

(c) Divestment strategy involves selling the business or setting it up as a separate corporation.

(d) Liquidation strategy involves closure of business which is no longer profitable.

Codes :
(1) Only (a), (b) and (c) are correct.
(2) Only (b), (c) and (d) are correct.
(3) Only (a), (c) and (d) are correct
(4) Only (a) and (d) are correct
Answer: Only (a), (c) and (d) are correct
(13) Statement – I : Most businesses start off as “Question Marks”, in that they enter a highgrowth market in which there is already a market leader.

Statement – II : A “Star” is the market leader in a high-growth market, but it does not necessarily provide much cash.

(1) Statement – I is correct but Statement – II is incorrect.
(2) Statement – II is correct but Statement – I is incorrect.
(3) Both the Statements are incorrect.
(4) Both the Statements are correct
Answer: Both the Statements are correct
(14) Apple computers uses a differentiation competitive strategy that emphasizes innovative product with creative design. This is an example of
(1) Functional strategy
(2) Business strategy
(3) Operating strategy
(4) Product strategy
Answer: Business strategy
(15) Total Quality Management, job redesigning, new techniques of doing things and management by consensus are the examples of which one of the following ?
(1) Opportunistic entrepreneurship
(2) Administrative entrepreneurship
(3) Incubative entrepreneurship
(4) Mass entrepreneurship
Answer: Administrative entrepreneurship

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