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Management Questions and Answers for Competitive Exams | MBA BBA Quiz Set 9

Questions
1 Preparation of a business plan as a pre-requisite to a promotion of a business enterprise, relates to which one of the following ?
1 There is no flaws in the business idea, the fashion, conviction and tenacity of the entrepreneur.
2 Make arrangement for finance and prevent occurrence of NPAs by business entity.
3 Ensure that business entity works at break even level.
4 Make plan to raise finance from market and alternative investment opportunities.

Answer:There is no flaws in the business idea, the fashion, conviction and tenacity of the entrepreneur.
2 Federation of Associations of Small Industries of India (FASII) promoted in 1959 is which one of the following type ?
1 Government organisation
2 Liaisoning organisation
3 Small Scale unit
4 SSI Board

Answer:Liaisoning organisation
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3 Statement (I) : The science of ethics is a normative science.

Statement (II) : Normative sciences judge the value of the facts in terms of an idea ; concerned with judgements of ‘what ought to be’ but not with factual judgements.

Code :
1 Statement (I) is correct but Statement (II) is incorrect.
2 Statement (II) is correct but Statement (I) is incorrect.
3 Both the Statements (I) and (II) are incorrect.
4 Both the Statements (I) and (II) are correct.

Answer:Both the Statements (I) and (II) are correct.
4 Assertion (A) : Decisions in small matters largely tend to set a pattern for the more important ones you may make as managers.

Reasoning (R) : A multi - industry survey conducted in the USA indicated that 40% of the managers said that their superiors had at some time told them to do certain things unethical

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

Answer:(A) and (R) both are correct but (R) is not the correct explanation of (A).
5 Deontological theory of ethics is concerned with which of the following ?

(a) Duty ethics

(b) Obligation ethics

(c) Rule based ethics

(d) Classical ethics

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

Answer:(a), (b) and (c)
6 Utilitarianism theory of ethics refers to which one of the following ?
1 Welfare
2 Duty
3 Obligation
4 Rules

Answer:Welfare
7 For the following two statements of Assertion (A) and Reasoning (R), indicate the correct code :

Assertion (A) : Ridge Lines in isoquat map set the limits for the positive productivities of the respective inputs used in the production process.

Reasoning (R) : Isoquants will slope positively if the use of an input is increased beyond the limit set by the ridge lines.

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

Answer:Both (A) and (R) are correct and (R) is correct explanation of (A)
8 For perfect competition, indicate the correct code for essential conditions from the following :

(a) Large number of buyers and sellers

(b) Perfect knowledge of the market

(c) Homogeneous product for sale

(d) Absence of transportation cost

(e) Freedom of entry and exit of buyers and sellers from the market

(f) Rational Behaviour of buyers and sellers

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

Answer:(a), (b), (c), (d), (e) and (f)
9 When an individual is motivated to approach two or more positive but mutually exclusive goals, he is facing which one type of the following conflicts ?
1 Approach - Approach Conflict
2 Approach - Avoidance Conflict
3 Avoidance - Avoidance Conflict
4 Person -Role Conflict

Answer:Approach - Approach Conflict
10 ‘Contact Hypothesis’ is based on the belief that :
1 the more we interact with someone, the less prejudiced or perceptually biased we will be against that person
2 familiarity breeds contempt
3 contact among group members leads to conflict
4 mutual discussion leads to reframing of problems

Answer:the more we interact with someone, the less prejudiced or perceptually biased we will be against that person
11 According to Vroom’s theory of motivation, which one of the following is correct ?
1 Valence = Force × Expectancy
2 Expectancy = Force × Valence
3 Valence= Motivation × Force
4 Force = Valence × Expectancy

Answer:Force = Valence × Expectancy
12 The process by which sensory information is actively organised and interpreted by brain, is called :
1 Attitude
2 Learning
3 Perception
4 Training

Answer:Perception
13 An interview, in which the applicant is interviewed sequentially by several persons and each rates the applicant on a standard form, is called :
1 Unstructured Sequential Interview
2 Structured Sequential Interview
3 Job - related Interview
4 Mass Interview

Answer:Structured Sequential Interview
14 Which of the following are tripartite bodies ?

(a) Indian Labour Conference

(b) Standing Labour Committee

(c) State Level Advisory Boards

`
1 Both (a) and (b)
2 Both (a) and (c)
3 Both (b) and (c)
4 (a), (b) and (c)

Answer:(a), (b) and (c)
15 Which one of the following theories of labour welfare believes that workers are becoming more and more aware of their rights and welfare measures can appease them ?
1 Philanthropic theory
2 Placating theory
3 Public Relations theory
4 Functional theory

Answer:Placating theory

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