Management Questions and Answers for Competitive Exams | MBA BBA Quiz Set 18

Questions
1 Michael Porter’s Five Forces Model includes which one of the following combinations ?

(a) Threat of new potential entrants

(b) Threat of substitute product / service

(c) Bargaining power of suppliers

(d) Bargaining power of buyers

(e) Rivalry among current competitors

(f) Rivalry among prospective competitors

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

Answer:(a), (b), (c), (d) and (e)
2 Which one of the following is not a common motivation of an entrepreneur ?
1 Desire to maintain the status quo
2 Search for more rewarding work
3 Search for personal and professional growth
4 Desire for independence

Answer:Desire to maintain the status quo
3 The SFURTI programme of the government is to boost production in which one of the following industries ?
1 Auto-components industry
2 Industries using renewable energy
3 Khadi and village industry
4 Construction industry

Answer:Khadi and village industry
4 Statement – I : Entrepreneurs recognize opportunities where others see chaos or confusion.

Statement – II : Entrepreneurs bring aggressive capital for the existing business in traditional market place.

1 Statement – I is correct but II is not correct.
2 Statement – II is correct but I is not correct.
3 Both the Statements are correct.
4 Both the Statements are incorrect.

Answer:Statement – I is correct but II is not correct.
5 Social responsibility of business while appropriating natural resources by a corporate entity has been recommended in which one of the following ?
1 Montreal Protocol of 1987
2 Millennium Development Goals 2008
3 Sustainable Development Goals 2015 in Global Sustainability Report
4 UNDP Human Development Report

Answer:Sustainable Development Goals 2015 in Global Sustainability Report
6 Disclosure of corporate governance practice and its compliance has been stipulated in which one of the following ?
1 Directors’ Responsibility Statement under Section 134 of the Companies Act 2013.
2 Auditor’s Report
3 C.A.G. Report
4 Report of the SEBI and MCA 21

Answer:Directors’ Responsibility Statement under Section 134 of the Companies Act 2013.
7 Kumar Mangalam Birla Committee Report, Ramesh Chandra Committee Report, Cadbury Committee Report primarily focus on which one of the following ?
1 ethical issues in business practice and marketing practice
2 health programme of the employees in an organisation
3 issues relating to corporate governance practice
4 gender issues in management and equality for all

Answer:issues relating to corporate governance practice
8 ‘The continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large. This may be attributed rightly to which one of the following ?
1 ethical responsibility of business
2 corporate social responsibility
3 commitment towards employee welfare
4 compliance with the provisions of the Plantation Workers Act.

Answer:corporate social responsibility
9 Arrange the steps of diagnostic model of human resource management in the correct sequence from the first to the last. Select the code of correct sequence :

a. Evaluate

b. Prescribe

c. Diagnose

d. Implement

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

Answer:c, b, d, a
10 Which one of the following is a training technique in which trainees act out parts in a realistic management situation ?
1 Action learning
2 Role playing
3 Behaviour modelling
4 Case study

Answer:Role playing
11 The agreement arrived at during the course of conciliation proceeding in industrial disputes is known as
1 Settlement
2 Award
3 Reward
4 Accord and sanction

Answer:Settlement
12 Results of a period that may occur at the initial career entry when the new employee’s high job expectations confront the reality of a boring, unchallenging job.
1 Reality Shock
2 Mentoring Shock
3 Mental upcharge
4 Career upset

Answer:Reality Shock
13 The two dominant aspects of industrial relations scene in the modern industrial society are covered in which one of the following ?
1 Conflict and conciliation
2 Cooperation and conciliation
3 Conflict and cooperation
4 Cooperation and codetermination

Answer:Conflict and cooperation
14 The decision of the adjudication authority and arbitrator in disputes is termed as
1 Settlement
2 Award
3 Reward
4 Accord and approval

Answer:Award
15 In case of a domestic enquiry, which one of the following is not correct about enquiry officer ?
1 He has to follow the principles of natural justice.
2 He can recommend punishment alongwith the report of findings.
3 He is generally an officer of the establishment but in some cases enquiry is also held by some outside agency.
4 He can take final decision about punishment and issue an order inflicting punishment.

Answer: He can take final decision about punishment and issue an order inflicting punishment.

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