Management Questions and Answers for Competitive Exams | MBA BBA Quiz Set 20

Questions
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 To comply with the requirement of TRIPS agreement and to protect products of Indian origin, which one of the following was enacted ?
1 TO Compliance Act 1999
2 Geographical Indication of Goods (Registration and Protection) Act 1999
3 The Patents Act
4 The Copyright Act

Answer:Geographical Indication of Goods (Registration and Protection) Act 1999
5 Which one of the following transactions can be carried on without any restriction or regulation of the RBI under the FEMA ?
1 Transfer or issue of any foreign security by a person resident in India.
2 Transfer or issue of any security by a person resident outside India.
3 Drawal of foreign exchange for payments due on account of amortization of loans or for depreciation of direct investment
4 Export, import or holding of currency notes.

Answer:Drawal of foreign exchange for payments due on account of amortization of loans or for depreciation of direct investment
6 The exit of Great Britain from the European Union (EU) in June 2016 by a referendum has been announced as invalid by the London High Court on which one of the following reasons ?
1 Referendum has got no legal sanction
2 Exit was not as per the British law.
3 Exit was not as per the EU law.
4 The Brexit cannot be legal under Article 50 without approval of the British Parliament

Answer:The Brexit cannot be legal under Article 50 without approval of the British Parliament
7 The following is the total cost function of a firm :
1 9
2 10
3 6
4 None of the above

Answer:10
8 Statement – I : Business environment for a firm is a multi-layered structure.

Statement – II : Types of business environment risk cover only natural risk and legal risk.

1 Both the Statements I and II are correct.
2 Both the Statements I and II 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.
9 Which of the following is not a theory of organization ?
1 Balance theory by Herbert Simon
2 Fusion process theory by Wight Bakke
3 Role theory and group theory by Rensis Likert
4 Kurt Lewin’s field theory

Answer:Kurt Lewin’s field theory
10 The three different types of interdependence among groups was primarily suggested by whom ?
1 Likert
2 Kurt Lewin
3 Thompson
4 Gordon Lippit

Answer:Thompson
11 As per the Vroom’s theory of motivation, what is the term coined for the extent of attraction of a result/outcome to the recipient of the award ?
1 Expectancy
2 Instrumentality
3 Valence
4 Force

Answer:Valence
12 Which of the following is the concept of organizational development which stresses effective use of the existing methods used by employees ?
1 Process consultation
2 Sensitivity training
3 Job enrichment
4 Team building

Answer: Process consultation
13 Which of the following is included in a functional job analysis ?
1 the mathematical ability required to perform the task
2 the extent to which reasoning and judgment are required to perform the task
3 the extent to which specific instructions are necessary to perform the task
4 all of the above

Answer:all of the above
14 In which one of the following performance appraisal method predetermind percentages of ratees are placed in performance categories ?
1 Forced distribution method
2 Paired comparison method
3 Alternation ranking method
4 MBO

Answer:Forced distribution method
15 Out of the following, choose the non-traditional pay focus combination ?

(a) Encourage involvement

(b) Create order

(c) Highlight organizational needs

(d) Reward positive results

(e) Reinforce the hierarchy

(f) Direct behaviour

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

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

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