Management Questions and Answers for Competitive Exams | MBA BBA Quiz Set 3

Questions
1 Which of the following code is correct for the given statements being correct or incorrect ?

Statement (I) : Method analysis is a technique in job design in which job is considered as a whole.

Statement (II) : Principles of motion economy aim at minimizing the fatigue of workers due to repetitive motion of the different parts of body

Statement (III) :Work sampling is a method used to determine the idle time of machine or workers as a whole during the day.

Code :
1 Statement (I) and (III) are not correct but Statement (II) is correct.
2 Statement (I) and (II) are not correct but Statement (III) is correct.
3 Statement (II) and (III) are not correct but (I) is correct.
4 Statement (I), (II) and (III) all are correct

Answer:Statement (I) and (III) are not correct but Statement (II) is correct.
2 ‘Just In Time’ originally developed in 1970s by a Japanese company was initially known as :
1 Honda Manufacturing system
2 Isuzu Manufacturing system
3 Mitsubishi Manufacturing system
4 Toyota Manufacturing system

Answer:Toyota Manufacturing system
3 Following statements are given for plant location strategies :

Statement (I) : White goods manufacturing companies have separate plants for colour TVs, washing machines, microwave ovens, etc.; for avoiding confusion and bringing about economies of scale.

Statement (II) : Pepsi and Coke have bottling plants scattered all over the country which cater to different regions to avoid confusion at the main manufacturing set-up rather than reducing overall transportation costs and the lead time for supplying goods in the markets.

Find the correct code of the above statements being correct or incorrect.
1 Statement (I) is not correct but (II) is correct.
2 Statements (I) and (II) both are correct.
3 Statement (I) is correct but(II) is not correct.
4 Statements (I) and (II) both are not correct.

Answer:Statement (I) is correct but (II) is not correct.
4 The following are the two statements relating to the theory of probability. Indicate the statements being correct or incorrect.

Statement (I) : The probability of the joint occurrence of independent events A and B is equal to the probability of A multiplied by the probability of B or vice versa.

Statement (II) : The probability of the joint occurrence of independent event A and dependent event B is equal to the probability of event A multiplied by the conditional probability of B when A has occurred or vice versa.

Code :
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.
5 Which one of the following possibilities leads to Type I error in hypothesis testing ?
1 The hypothesis is true but our test leads to its rejection.
2 The hypothesis is false but our test leads to its acceptance.
3 The hypothesis is true and our test leads to its acceptance.
4 The hypothesis is false and our test leads to its rejection.

Answer:The hypothesis is true but our test leads to its rejection.
6 Which one among the following relates to the probability-based sampling technique ?
1 Quota sampling
2 Snow-ball sampling
3 Stratified sampling
4 Judgement sampling

Answer: Stratified sampling
7 Which of the following statements relating to Correlation and Regression are true ?

(a) The Coefficient of Correlation is independent of change of origin and scale.

(b) The Coefficient of Correlation between the two variables is the arithmetic average of the two Regression Coefficients.

(c) The probable error of the Coefficient Correlation is 0.6745 times of its standard error.

(d) Coefficient of Correlation multiplied by the ratio between the standard deviations of the two variables denotes the slope of the regression line.

Code :
1 (a), (b) and (c)
2 (a), (c) and (d)
3 (b) and (d)
4 (b), (c) and (d)

Answer: (a), (c) and (d)
8 In which one of the following probability distributions, the mean value of the distribution is the sole parameter of the distribution ?
1 Normal distribution
2 Binomial distribution
3 Exponential distribution
4 Poisson distribution

Answer:Poisson distribution
9 What is “Block Chain” in the field of information technology ?
1 Motherboard protection device.
2 Protection of details of electronic transaction.
3 Taking random snaps of electronic transactions.
4 Blocking continuous electronic transactions.

Answer: Protection of details of electronic transaction.
10 When the organizational requirements advocate tight cost control ; frequent, detailed control reports ; structured organization and responsibilities and incentives based on meeting strict quantitative targets then it is called :
1 Differentiation strategy
2 Focus strategy
3 Diversification strategy
4 Overall cost leadership

Answer:Overall cost leadership
11 Statement (I) : Strategic turn around is a more serious form of internal retrenchment and leads to divestment or liquidation.

Statement (II) : Divestment is usually a part of rehabilitation or restructuring plan and is adopted when a turn around has been attempted but has proven to be unsuccessful.

Statement (III) :Combination strategies are the simple solutions that strategists have to offer when faced with the challenges of real life business. Select the correct code for above mentioned statements being correct or incorrect.

1 Statements (I) and (II) are correct but statement (III) is not correct.
2 Statement (II) and (III) are correct but statement (I) is not correct.
3 Statement (I) is correct but statements (II) and (III) are not correct.
4 Statement (II) is correct but statements (I) and (III) are not correct.

Answer: Statement (II) is correct but statements (I) and (III) are not correct.
12 According to Weighted-factor Approach to strategic incentive management, if for any strategic business unit, return on assets is 25%, cash flow is 25%, strategic funds programs (developmental expenses) is 25% and market share increase is also 25%, then this will fall in which category ?
1 High Growth
2 Medium Growth
3 Low Growth
4 Very High Growth

Answer:Medium Growth
13 A concept given for diversified corporations which advocates

(a) What businesses should a diversified corporation own and why ; and

(b) What organizational structure, management processes, and philosophy will foster superior performance from the corporation’s individual business units, is known as :

1 Corporate Portfolio Analysis
2 Strategic Alternative Analysis
3 Corporate Parenting Analysis
4 S.B.U. Analysis

Answer:Corporate Parenting Analysis
14 A company in packaged tea business provides special service to its institutional buyers, apart from its consumer sales through market intermediaries, in order to encourage bulk buying and thus improving marketing efficiency, is an example of :
1 No change strategy
2 Profit strategy
3 Stability strategy
4 Pause/Proceed-with-caution strategy

Answer:Stability strategy
15 The willingness to reject unfamiliar as well as negative information is called :
1 Marketing Myopia
2 Vision Myopia
3 Strategic Myopia
4 Environmental Myopia

Answer:Strategic Myopia

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