Management Questions and Answers for Competitive Exams | MBA BBA Quiz Set 17

Questions
1 Which one of the following is not correct about voluntary retirement scheme in public enterprises ?
1 It was designed to help enterprises rationalise their surplus manpower
2 Salary for the purpose of VRS consists of basic pay only
3 Benefits are in addition to money that has accrued to provident fund.
4 Benefit is tax-free severance payment

Answer:Salary for the purpose of VRS consists of basic pay only
2 In case Mutual Funds invest in the securities whose price variations suggest the general price movement, it is called
1 Hedge Fund
2 Index Fund
3 Growth Fund
4 Balanced Fund

Answer: Index Fund
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3 Indicate the correct code of the combinations of the following methods commonly used for capital budgeting

a. Payback Period

b. Profitability Index

c. Utility theory

d. Internal rate of return

Codes :
1 a, b and c
2 b, c and d
3 a, b and d
4 a, c and d

Answer:a, b and d
4 NPV and IRR methods of investment evaluation may give divergent accept-reject decisions on account of which of the following ?

a. Varying initial investment

b. Divergent cash flows from the investment projects

c. Disparity in the lives of the investment projects Indicate the correct code of their combinations

Codes :
1 a and b only
2 b and c only
3 a and c only
4 a, b and c all

Answer:a, b and c all
5 “The manufacturer threatens to withdraw a resource or terminate a relationship if intermediaries fail to cooperate”, refers to which one of the following channel power ?
1 Referent power
2 Coercive power
3 Legitimate power
4 Reward power

Answer:Coercive power
6 Assertion (A) : A company’s positioning and differentiation strategy must change over the product life cycle.

Reason (R) : A company’s product, market and competitors change over the product life cycle.

Codes :
1 (A) is correct, but (R) is incorrect.
2 (A) is incorrect but (R) is correct.
3 Both (A) and (R) are correct, but (R) is not the right explanation of (A).
4 Both (A) and (R) are correct, and (R) is the right explanation of (A).

Answer:Both (A) and (R) are correct, and (R) is the right explanation of (A).
7 The following information is given :

Expected usage of 50,000 units in a period of 250 days Cost of processing an order

`

20 per order Carrying cost per unit

`

0.50 for the period lead time on an order

5 days Company wants to keep a reserve supply of two day’s usage.

How many units will be included in the reorder point ?

1 2000
2 1000
3 400
4 1400

Answer:1400
8 Statement – I : A variable in the Linear Programming problem representing the unused quantity of an input resource is called surplus variable.

Statement – II : Values of the variables in the objective function of the dual of a primary problem denote shadow prices of the variables.

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:Statement – I is incorrect while Statement – II is correct.
9 The least amount of time an activity is expected to consume. Which one of the following relates to the above expression as per PERT language ?
1 Expected time
2 Most likely time
3 Optimistic time
4 Pessimistic time

Answer:Optimistic time
10 Which one of the following is not covered while considering the types of costs involved in quality control ?
1 Preventive costs
2 Manufacturing costs
3 Inspection costs
4 Failure costs

Answer:Manufacturing costs
11 When a researcher wants to select a representative sample to assess different parameters from a large sized finite heterogeneous population, which one of the following sampling techniques is the most appropriate ?
1 Judgemental sampling
2 Simple random sampling
3 Stratified random sampling
4 Quota sampling

Answer: Stratified random sampling
12 Statement – I : The mean of the sampling distribution of mean is equal to the parameter value of the population mean.

Statement – II : Stratified sampling technique is unrestricted probability (random) sampling technique.

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:Statement – I is correct while Statement – II is incorrect.
13 Assertion (A) : McDonald’s India Pvt. Ltd., the wholly-owned subsidiary of the US based fast-food giant McDonald’s Corporation, along with Coca-Cola, is developing a fruit based beverage, to be retailed exclusively at McDonald’s outlets.

Reason (R) : Organizations rightly try to diversify in order to spread their risks across several industries.

Codes :
1 (A) and (R) both are correct and (R) is the right explanation of (A).
2 (A) and (R) both are correct but (R) is not the right explanation of (A).
3 (A) is correct but (R) is incorrect.
4 (R) is correct but (A) is incorrect.

Answer:(A) and (R) both are correct and (R) is the right explanation of (A).
14 Statement – I : Competitors analysis begins with identification of potential competitors.

Statement – II : An industry analysis gives information regarding probable sources of competition.

Codes :
1 Statement – I is correct but II is incorrect.
2 Statement – II is correct but I is incorrect.
3 Both the Statements are correct.
4 Both the Statements are incorrect

Answer:Statement – II is correct but I is incorrect.
15 Strategic management consists of which one of the following combinations :

(a) Environmental scanning

(b) Strategy for outplay

(c) Strategy formulation

(d) Strategy implementation

(e) Evaluation and control

Codes :
1 (a), (b), (c) and (d) only
2 (b), (c), (d) and (e) only
3 (a), (c), (d) and (e) only
4 (b), (c) and (d) only

Answer:(a), (c), (d) and (e) only

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