Management Questions and Answers for Competitive Exams | MBA BBA Quiz Set 35

Questions
1 Six-SIGMA quality indicates :
1 2.4 defects per thousand
2 2.7 defects per thousand
3 3.4 defects per thousand
4 3.7 defects per thousand

Answer:3.4 defects per thousand
2 A manufacturing firm has four work stations, A, B, C and D in series with individual capacity of processing 450, 390, 360 and 400 units per day respectively and the actual output of the firm is 306 units per day. The system capacity and system efficiency of the firm shall respectively be :
1 400 and 100%
2 450 and 120%
3 360 and 85%
4 390 and 95%

Answer: 360 and 85%
3 In the simplex method of solving an LP Problem, the product-mix column of the initial solution contains :
1 Artificial variables only
2 Slack variables only
3 Slack and artificial variables only
4 Real variables only

Answer: Slack and artificial variables only
4 If the optimal solution of an LP Problem is degenerate then :
1 The problem has multiple optimal solutions
2 The solution is not feasible
3 The solution is useless to the manager
4 None of the above

Answer:None of the above
5 If your score in an exam was 80, with a mean of 60, what would be the standardised score for this exam if the standard deviation is 15 ?
1 1.33
2 1.25
3 1.52
4 1.72

Answer:1.33
6 Spurious relationship between two variables refer to :
1 Very poor relationship between the variables.
2 Statistically insignificant relationship between the variables.
3 Relationship happens only due to third variable which is common to both the variables.
4 The relationship which is impossible to measure.

Answer: Relationship happens only due to third variable which is common to both the variables.
7 In a medical test, where the null hypothesis is : ‘The patient does not have the disease’ and the alternative hypothesis is : ‘ The patient has the disease’. Suppose a patient has a disease and needs treatment. In the hypothesis testing process, which of the following errors is more serious than the others.
1 Type - I error
2 Type - II error
3 Both Type - I and Type - II error
4 r - error

Answer:Type - II error
8 Decision support system does not use :
1 Analytical models
2 Specialized databases
3 File server
4 Computer - based modelling process

Answer: File server
9 Give the correct order of the stages in ‘System Development’.
1 Testing ® Programming ® Systems Design ® Systems Analysis ® Conversion ® Production and Maintenance
2 Programming ® Testing ® Systems Analysis ® Systems Design ® Conversion ® Maintenance
3 Systems Analysis ® Systems Design ® Programming ® Testing ® Conversion ® Production and Maintenance
4 Production and Maintenance ® Testing ® Conversion ® Programming ® Systems Design ® Systems Analysis

Answer:Systems Analysis ® Systems Design ® Programming ® Testing ® Conversion ® Production and Maintenance
10 Which of the following statements is correct ?
1 Balanced score cards always report using the same time periods as the financial accounting system.
2 One fundamental idea of balanced score card is to increase the number of performance indicators used to manage the business.
3 Organisations some times use a “traffic light” system on their balanced score card to help them prioritise their activities.
4 The fundamental idea of balanced score cards is to create corporate strategy.

Answer:Organisations some times use a “traffic light” system on their balanced score card to help them prioritise their activities.
11 What metaphor is used to describe the competitive space where product are not yet well defined, competitors are not well-organised and the market is relatively unknown ?
1 Blue Lagoon
2 Blue Ocean
3 Red Sea
4 Red Ocean

Answer:Blue Ocean
12 Michael E. Porter’s five generic strategies are :
1 Differentiation (Best Value). Differentiation (Low Cost), Cost Leadership (Large), Cost Leadership (Small), Focus
2 Focus (Large), Focus (Small), Cost Leadership (Small), Cost Leadership (Large), Differentiation
3 Cost Leadership (Low Cost), Cost Leadership (Best Value), Differentiation, Focus (Low Cost), Focus (Best Value)
4 Cost Leadership (Large), Cost Leadership (Small), Differentiation (Large), Differentiation (Small), Focus

Answer:Cost Leadership (Low Cost), Cost Leadership (Best Value), Differentiation, Focus (Low Cost), Focus (Best Value)
13 One of the strategic decisions relating to the value chain concerns vertical integration. This would involve :
1 Deciding to link all activities using Enterprise Resource Planning.
2 Deciding whether the activity should be performed within the organisation or by a different firm.
3 Deciding whether to locate operation in the home country or in a foreign location.
4 Deciding whether to share certain activities across different products and markets.

Answer: Deciding whether the activity should be performed within the organisation or by a different firm.
14 “Pepsi Co launched a hostile take over of Pepsi Bottling Group after its $ 4.2 billion offer was rejected”. Which strategy was used in this case ?
1 Market Penetration
2 Backward Integration
3 Horizontal Integration
4 Forward Integration

Answer:Forward Integration
15 Who viewed entrepreneur as a non-fixed income earner with known costs of production but uncertain income and therefore, operating at a risk ?
1 Adam Smith
2 Richard Contillon
3 Jean-Baptiste Say
4 Francis Wolker

Answer: Richard Contillon

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