Management Questions and Answers for Competitive Exams | MBA BBA Quiz Set 31

1 Which of the following is not primarily a responsibility of producers for their channel members ?
1 Establishing price policies
2 Condition of sales
3 Distributors’ territorial rights
4 Establishing distribution efficiencies

Answer: Establishing distribution efficiencies
2 An aspect of personality which is responsible for dealing with reality; functions in conscious, preconscious and unconscious mind and where the reality principle weighs the costs and benefits of an action before deciding to act upon or abandon impulse is called :
1 Id
2 Ego
3 Superego
4 Innerself

Answer: Ego
3 Which of the following is not a parameter for Servqual Model given by Parasuraman etc. ?
1 Tangibles
2 Reliability
3 Empathy
4 Insurance

4 Which of the following is not a deciding factor for Advertising Budget out of the given options ?
1 Competitive Parity
2 A fixed percentage of turnover
3 Affordability
4 Competitor’s Advertising Policy

Answer: Competitor’s Advertising Policy
5 The principles of Deferment, Autonomy of object, use of Common place, Involvement/ detachment and use of metaphor are used for __________ idea generation technique.
1 Attribute listing
2 Brainstorming
3 Synectics
4 None of the above

Answer: Synectics
6 In solving a facility location problem in which there are two possible locations being considered, the transportation algorithm may be used. In doing this :
1 Two rows (sources) would be added to the existing rows and the enlarged problem would be solved.
2 Costs of zero would be used for each of the new facility.
3 Two separate transportation problems will be solved.
4 The MODI method must be used to evaluate the empty cells.

Answer:Two separate transportation problems will be solved.
7 Marginal analysis should be used instead of a payoff table to determine how many units of a perishable product to store :
1 if the number of states of nature is very low
2 if the number of alternatives is very low
3 if the number of alternatives is very high
4 if the marginal profit is greater than the marginal loss

Answer: if the number of alternatives is very high
8 Design professionals brainstorm various options and raise several questions while doing value engineering, which of the following questions shall be included for brainstorming :

(a) Can we eliminate certain features ?

(b) Are there certain features of design that cost more than they worth ?

(c) Can we reduce the cost by eliminating the production cycles ?

(d) Can we eliminate some parts and replace them with more universal parts ?

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

Answer: (a), (b) and (d)
9 In a production shift of 8 hours duration, the observed time per unit is 5 minutes and Rating factor is 120%. The standard production per shift will be :
1 60 units
2 50 units
3 40 units
4 30 units

Answer: 60 units
10 In hypothesis testing ‘P’ value ranges between :
1 Zero and Infinity
2 Minus infinity and Plus infinity
3 Zero and One
4 21 and 11

Answer: Zero and One
11 When the population size ‘N’ is very large relative to the sample size ‘n’, the finite population multiplier takes on value close to : `
1 0.5
2 0.1
3 1.0
4 0.05

Answer: 1.0
12 Statements given below are related to analysis of variance. Identify the statement/s that are true :

Statement (I) : The shape of ‘F’ distribution depends on the number of degrees of freedom in both the numerator and the denominator of the ‘F’ ratio.

Statement (II) : In analysis of variance, sample sizes should be equal.

Statement (III) : Analysis of variance may be used to test whether the means of more than two populations are equal.

Codes :
1 Statements (I), (II) and (III) are true
2 Statements (I) and (II) are true
3 Statements (I) and (III) are true
4 Only statement (III) is true

Answer: Statements (I) and (III) are true
13 From the following statements choose the correct statement/s :

Statement (I) : A statistic is a characteristic of a population.

Statement (II) : The standard error of mean is the standard deviation of the sampling distribution.

Statement (III) : The standard error of mean decreases in direct proportion to sample size.

Codes :
1 Only (I) and (II) is true
2 Only (II) and (III) are true
3 Only (II) is true
4 Only (III) is true

Answer: Only (II) and (III) are true
14 Which among the following are the examples of key less interfaces ?
1 Mouse, OCR, pen and voice recognition
2 Keyboard, OCR, pen and voice recognition
3 Bar coding, OCR, pen and voice recognition
4 None of the above

Answer:Bar coding, OCR, pen and voice recognition
15 Which of the following are the inputs of marketing information system ?

(a) Marketing research data

(b) Marketing intelligence data

(c) External environment data

(d) Strategic plan

Choose the correct option :

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

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

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