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Management Questions and Answers for Competitive Exams | MBA BBA Quiz Set 21

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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) Which of the following is a function of labour relations ?
(1) To provide constructive criticism of the management
(2) To increase the productivity of the workers through reducing the labour turnover and frequent absenteeism
(3) To secure and improve living standards and economic status of workers
(4) All of the above
Answer: All of the above
(2) Which one of the following values refers to the net difference between the realizable value of all assets and the sum total of external liabilities ?
(1) Capitalized value
(2) Going concern value
(3) Book value
(4) Liquidating value
Answer: Liquidating value

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(3) The coefficient of variation is a useful measure of risk when a financial manager is comparing the projects which have ? (1) (2) (3) (4) All of the above
(1) Same standard deviations but different expected values.
(2) Different standard deviations but same expected values.
(3) Product communication strategies
(4) Market segmentation and product promotion
Answer: Product communication strategies
(4) A plastic manufacturing company issues 10% irredeemable preference shares. The face value is ` 100 , but the issue price is ` 95. The cost of preference share is
(1) 9.5%
(2) 10%
(3) 10.53%
(4) 19.5%
Answer: 10.53%
(5) A project requires an outley of ` 52,000, It is expected to generate cash inflow as follows :

Year 1 – ` 12,000

Year 2 – ` 15,000

Year 3 – ` 16,000

Year 4 – ` 18,000

Year 5 – ` 9,000

The pay-back period of the project is :

(1) 4 years
(2) 3 years and 5 months
(3) 3 years and 6 months
(4) 5 years
Answer: 3 years and 6 months
(6) Out of the following, identify the key constituents for relationship marketing of holistic marketing dimensions :

(a) Senior management

(b) Environment

(c) Customers

(d) Employees

(e) Partners

(f) Financial community

(g) Channels

Codes :
(1) (a), (b), (c) and (e)
(2) (c), (d), (e) and (f)
(3) (d), (e), (f) and (g)
(4) (a), (c), (d) and (f)
Answer: (c), (d), (e) and (f)
(7) Six levels of the product hierarchy are given below. Select the code of their correct sequence.

(a) Product class

(b) Need family

(c) Item

(d) Product family

(e) Product type

(f) Product line

Codes :
(1) (d), (b), (e), (a), (c) and (f)
(2) (a), (d), (b), (c), (f) and (e)
(3) (b), (d), (a), (f), (e) and (c)
(4) (b), (d), (f), (a), (e) and (c)
Answer: (b), (d), (a), (f), (e) and (c)
(8) Which one of the following is “the ability to perform the promised service dependably and accurately determinant of service quality” ?
(1) Assurance
(2) Empathy
(3) Reliability
(4) Responsiveness
Answer: Reliability
(9) When companies work with each other online and offline to promote each other, they are creating _____.
(1) Contextual advertisements
(2) Alliance and affiliate programmes
(3) Content sponsorships
(4) Search related advertisements
Answer: Alliance and affiliate programmes
(10) Assertion (A) : Operation research is the application of the method of science to decision making in management of men, money, machines and materials.

Reason (R) : Operations research is the prediction and comparison of value, effectiveness and cost of a set of proposed alternative courses of action involving man, machine and system”.

Codes :
(1) Both (A) and (R) are correct.
(2) Both (A) and (R) are correct and (R) is the correct explanation of (A).
(3) Both (A) and (R) are correct, but (R) is not the correct explanation of (A).
(4) (A) is correct, but (R) is incorrect
Answer: Both (A) and (R) are correct.
(11) Identify the correct statements from the following with regard to operation research :

(i) It is based on quantitative techniques and mathematical models.

(ii) Operation research is another name of optimization.

(iii) It looks at the problem with a holistic approach.

Codes :
(1) (i) and (ii) are correct statements
(2) (ii) and (iii) are correct statements
(3) (i) and (iii) are correct statements
(4) (i), (ii) and (iii) are correct statements
Answer: (i), (ii) and (iii) are correct statements
(12) Which of the following are true statements regarding statistical quality control ?

(i) the measure of the performance of an acceptance sampling plan is the OC curve.

(ii) Statistical process control is one of the tools of TQM.

(iii) Multiple sampling permits more than two samples to reach a decision regarding the quality of the lot.

(iv) The X – chart and R – chart are constructed to resolve assignable variations in a process.

Code :
(1) (i), (ii), (iii) and (iv)
(2) (ii), (iii) and (iv)
(3) (i), (iii) and (iv)
(4) (i) and (iv)
Answer: (i), (ii), (iii) and (iv)
(13) Statement – I : The moving averages method and the exponential smoothing method of demand forecasting for operations are related.

Statement – II : Economic order quantity (EOQ) is based on the trade off between the carrying and order costs to decide optimal order quantity.

(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.
(14) If the total allowances (personal time, fatigue and unavoidable minor delay) are agreed upon as 16% and if the normal time of an element is 0.210 minutes, what is the standard time for the good industirla engineer ?
(1) 0.370 minutes
(2) 0.336 minutes
(3) 0.250 minutes
(4) 0.150 minutes
Answer: 0.250 minutes
(15) When size of a sample is 25, standard deviaiton of the population is not known and a researcher wants to test the significance of the difference between two sample groups performance, which one of the following hypothesis testing tests is appropriate ?
(1) Chi-square test
(2) F-test
(3) Z-test
(4) t-test
Answer: t-test

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