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Management Questions and Answers for Competitive Exams | MBA BBA Quiz Set 29

Questions
1 Which one of the following of ‘Immanuel Kant’s’ Principle, known as categorical imperatives, is a guide to managerial action ?
1 The managers should be open to share his/her corporate secrets, individual traits with external agencies.
2 The managers be free and open to share his individual knowledge and experience for community’s gain.
3 A person’s action is ethical only if that person is willing for that same action to be taken by everyone who is in a similar situation.
4 A person always treats another human being simply as a means to an end

Answer: A person’s action is ethical only if that person is willing for that same action to be taken by everyone who is in a similar situation.
2 Teleology in ethics supports which one of the following the most ?
1 It is duty-based ethics and measures whether an action is right or wrong.
2 It measures whether the results of the actions are right or wrong.
3 It focuses on purpose of each action and judges the consequences of an action.
4 It focuses on neutrality and fidelity of an action.

Answer:It focuses on purpose of each action and judges the consequences of an action.
3 Assertion (A) : Deontology is duty-based ethics. It is an approach to ethics that addresses whether the motives behind certain action are right or wrong.

Reason (R) : Deontology focuses on whether the results of the actions are right or wrong.

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

Answer:(A) is correct but (R) is not the right explanation of (A)
4 Assertion (A) : Rules notified by the Ministry of Corporate Affairs (MCA) Sec. 149 of the Companies Act mandates that a listed company having a paid up share capital of ` 100 crore or more shall appoint at least one woman director on its board.

Reasons (R) : The corporate entities wanted to enhance gender equality and woman empowerment in corporate governance and company administration.

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

Answer:(A) is correct but (R) is not the right explanation of (A).
5 The theory of sales (revenue) maximization subject to some predetermined amount of profit was advanced by __________.
1 K.W. Rothschild
2 Herbert Simon
3 O.E. Williamson
4 William J. Baumol

Answer: William J. Baumol
6 Suppose the demand function for a commodity is given as : Q550025P Where ‘Q’ denotes quantity of demand and ‘P’ denotes price of the commodity. The point price elasticity of demand at price ` 20 will be __________.
1 20.50
2 20.25
3 20.20
4 25

Answer: 20.25
7 Suppose the demand and total cost functions for a monopoly firm are as follows : Q510020.2P P550025Q TC550120 Q1Q2 What will be the profit maximization output ?
1 20
2 10
3 50
4 40

Answer:40
8 Statement (I) : The elasticity of factor substitution is formally defined as the percentage change in the capital-labour ratio divided by the percentage change in the marginal rate of technical substitution.

Statement (II) : Q55K0.5 L0.3 is a production function where Q5 output, K5units of capital and L5 units of labour. This production function shows the application of increasing returns to scale.

Codes :
1 Both statements are correct.
2 Both 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 statements are incorrect.
9 Which one of the following is not an investment appraisal technique to incorporate risk and uncertainty ?
1 The Pay-off Matrix method
2 Certainty - Equivalent approach
3 Marginal Efficiency of Capital approach
4 The Decision - Tree method

Answer: Marginal Efficiency of Capital approach
10 Which one of the following is not the component of economic environment of business ?
1 Income and its Distribution
2 Values and Ethics
3 Interest Rates
4 Competitiveness, aggresiveness

Answer: Values and Ethics
11 Assertion (A) : Taylor stressed on revival of interest in human resources at work by focussing on increased production by rationalizing everything. Reason (R) : He assumed that “workers want to earn maximum for minimum work”. Codes :
1 (A) is incorrect (R) is correct.
2 (A) is correct and (R) is the right explanation of (A).
3 (A) is correct but (R) is not the right explanation of (A).
4 Both (A) and (R) are incorrect.

Answer:(A) is correct and (R) is the right explanation of (A).
12 Give the correct order of stages in goal setting theory.
1 Goal acceptance ® Goal definition ® Efforts ® Performance ® Reward ® Satisfaction.
2 Goal definition ® Goal acceptance ® Efforts ® Performance ® Reward ® Satisfaction.
3 Goal acceptance ® Goal definition ® Performance ® Efforts ® Rewards ® Satisfaction.
4 Goal definition ® Goal acceptance ® Efforts ® Satisfaction ® Performance ® Rewards.

Answer: Goal definition ® Goal acceptance ® Efforts ® Performance ® Reward ® Satisfaction.
13 The theory of andragogy is related to the theory of __________.
1 Adult learning
2 Child learning
3 Social learning
4 Teacher learning

Answer:Adult learning
14 Assertion (A) : The organizational structure should follow the organizational strategy.

Reason (R) :Structures are for achieving objectives and objectives are derived from organization’s overall strategy.

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

Answer: (A) is correct and (R) is the right explanation of (A).
15 Consider the following statements with reference to “employee referral” as a recruiting option by a company :

(a) Referrals tend to generate lower yield ratio (hires/applicants).

(b) Current employees usually provide accurate information about the job applicants they are referring.

(c) Relying on referrals might be discriminatory.

(d) The new employees join with a more realistic picture of what the company is like.

1 Statements (a) and (b) are true, others are false.
2 Statements (b) and (c) are true, others are false.
3 Statements (b), (c) and (d) are true, but (a) is false.
4 All the statements are true.

Answer: Statements (b), (c) and (d) are true, but (a) is false.

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