Management Questions and Answers for Competitive Exams | MBA BBA Quiz Set 33

Questions
1 Ethics deals with ideals, it is regarded as a normative science. Choose any one from the following options which is not a part of ethics as a normative science.
1 It tells what a human conduct ought to be.
2 It determines norms, ideals, standards or values.
3 It passes judgements of value stating whether a particular conduct is in conformity with the moral ideal or the ideal of goodness.
4 It passes judgements regarding facts and events as they are and state the laws governing them.

Answer:It passes judgements regarding facts and events as they are and state the laws governing them.
2 Value formulation is a combination of several factors indicated below. Which one of them is the appropriate option ?
1 Biological source, medical source, legal mandate, organisational mission and vision
2 Legal source, moral source, spiritual source, philanthropic source
3 Organisational culture, command from higher authorities, judicial pronouncements
4 Genetic source, environmental source (culture, education, religious faith), influence of superiors, multimedia source

Answer: Genetic source, environmental source (culture, education, religious faith), influence of superiors, multimedia source
3 In the sphere of ethics in decision making, for determining morally correct action, there are specific stages providing rationale for moral action. Choose any one appropriate option from the following.
1 Actions that avoid punishment, actions that serve one’s needs, actions that gain approval from others, actions that abide laws and authority, social contracts and actions supported by universal principles.
2 Actions that impose punishment, actions that are not followed by feedback response, actions beyond moral approbation, approved by judicial pronouncement, supported by universal principles.
3 Actions that are morally right, legally enforceable, is used on external believes that events are controlled by destiny, fate or luck, not supported by social contracts, supported by universal principles.
4 Actions that are morally wrong but supported by hierarchy and organisational goal of profit maximisation, individual judgement about ethicality of the decision is ignored

Answer: Actions that avoid punishment, actions that serve one’s needs, actions that gain approval from others, actions that abide laws and authority, social contracts and actions supported by universal principles.
4 Assertion (A) : According to David Fritzsche, business ethics is the process of evaluating decisions, either pre or post, with respect to the moral standards of society’s culture. Reason (R) : Managers need not evaluate the moral dimensions of a decision before making it, because they are to carry out the order of the higher authority to maximise commercial gain for the entity. 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 but (R) is not the right explanation of (A).
5 In which sector FDI was not prohibited under the government route as well as automatic route till February 10, 2015 ?
1 Atomic energy
2 Lottery business
3 Housing and real estate
4 Single brand retail trade

Answer:Single brand retail trade
6 If the demand for using the Noida express way is given by

: Q540,00022500P

Where Q is the number of users (vehicles) and P is the amount of toll collected per unit who uses the express way. In light of this information which of the following is true :

1 At P5` 6 and Q514,000 ; demand is price inelastic.
2 At P5` 7 and Q516,500 ; demand is unitary elastic.
3 At P5` 4 and Q59,500, demand is price elastic.
4 All of the above

Answer:At P5` 4 and Q59,500, demand is price elastic.
7 If a 100% scale-efficient plant has 92% technical efficiency and 88.5% allocative-efficiency, then its overall efficiency will be :
1 88.5%
2 90.25%
3 93.0%
4 81.42%

Answer:81.42%
8 A country can improve its balance of payment through contribution both to current account and capital account by way of __________.
1 Export promotion
2 Foreign Direct Investment
3 Import of Capital
4 Export of Capital

Answer: 81.42%
9 For an economy which consist of single automobile maker and that in year 2014, 30,000 vehicles are produced with an average price of ` 5 lakh. For this economy what would be the increase in the nominal GDP for 2015 compared with 2014 with the 4% greater automobile production and 8% inflation.
1 4.0%
2 12.0%
3 6.0%
4 12.32%

Answer:12.32%
10 Demand policies targeted to reduce the unemployment become ineffective in presence of the following :
1 Vertical phillips curve
2 Money illusion and ignorance among workers
3 Horizontal phillips curve
4 None of the above

Answer:Vertical phillips curve
11 An individual’s involvement with, satisfaction and enthusiasm for, the work he does, is known as :
1 Employee engagement
2 Job involvement
3 Job satisfaction
4 Organisational commitment

Answer: Employee engagement
12 Which of the following is not perceived as the basic element of motivation ?
1 Direction
2 Intensity
3 Performance
4 Persistence

Answer:Performance
13 A theory of motivation that is concerned with the beneficial effects of intrinsic motivation and the harmful effects of extrinsic motivation, is termed as
1 Cognitive Evaluation Theory
2 Self-efficiency Theory
3 Self-determination Theory
4 Two-factor Theory

Answer:Self-determination Theory
14 A relatively stable set of characteristics that influence an individual’s behaviour is known as :
1 Attitude
2 Learning
3 Perception
4 Personality

Answer:Personality
15 Assertion (A) : The more differentiated the HR environment, the more uncertain it shall be : Reason (R) : Organisations are dependent in an environment where human resources are not widely available.
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)

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