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Management Questions and Answers for Competitive Exams | MBA BBA Quiz Set 29

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Free Download as PDF Management Quiz Questions and Answers for Competitive Exams or solved MCQs with answers. These quiz objective questions are helpful for competitive exams SSC, UPSC, IAS, IPS, CDS, NDA, Railways or RRB, psc exams of Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Mizoram, Nagaland, Orissa, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttar Pradesh, West Bengal, Chhattisgarh, Uttarakhand, Jharkhand, Telangana etc.
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(1) Which one of the following of ‘Immanuel Kant’s’ Principle, known as categorical imperatives, is a guide to managerial action ?
(1) The managers should be open to share his/her corporate secrets, individual traits with external agencies.
(2) The managers be free and open to share his individual knowledge and experience for community’s gain.
(3) A person’s action is ethical only if that person is willing for that same action to be taken by everyone who is in a similar situation.
(4) A person always treats another human being simply as a means to an end
Answer: A person’s action is ethical only if that person is willing for that same action to be taken by everyone who is in a similar situation.
(2) Teleology in ethics supports which one of the following the most ?
(1) It is duty-based ethics and measures whether an action is right or wrong.
(2) It measures whether the results of the actions are right or wrong.
(3) It focuses on purpose of each action and judges the consequences of an action.
(4) It focuses on neutrality and fidelity of an action.
Answer: It focuses on purpose of each action and judges the consequences of an action.

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(3) Assertion (A) : Deontology is duty-based ethics. It is an approach to ethics that addresses whether the motives behind certain action are right or wrong.

Reason (R) : Deontology focuses on whether the results of the actions are right or wrong.

Code :
(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)
(4) Assertion (A) : Rules notified by the Ministry of Corporate Affairs (MCA) Sec. 149 of the Companies Act mandates that a listed company having a paid up share capital of ` 100 crore or more shall appoint at least one woman director on its board.

Reasons (R) : The corporate entities wanted to enhance gender equality and woman empowerment in corporate governance and company administration.

Code :
(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) The theory of sales (revenue) maximization subject to some predetermined amount of profit was advanced by __________.
(1) K.W. Rothschild
(2) Herbert Simon
(3) O.E. Williamson
(4) William J. Baumol
Answer: William J. Baumol
(6) Suppose the demand function for a commodity is given as : Q550025P Where ‘Q’ denotes quantity of demand and ‘P’ denotes price of the commodity. The point price elasticity of demand at price ` 20 will be __________.
(1) 20.50
(2) 20.25
(3) 20.20
(4) 25
Answer: 20.25
(7) Suppose the demand and total cost functions for a monopoly firm are as follows : Q510020.2P P550025Q TC550120 Q1Q2 What will be the profit maximization output ?
(1) 20
(2) 10
(3) 50
(4) 40
Answer: 40
(8) Statement (I) : The elasticity of factor substitution is formally defined as the percentage change in the capital-labour ratio divided by the percentage change in the marginal rate of technical substitution.

Statement (II) : Q55K0.5 L0.3 is a production function where Q5 output, K5units of capital and L5 units of labour. This production function shows the application of increasing returns to scale.

Codes :
(1) Both statements are correct.
(2) Both 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 statements are incorrect.
(9) Which one of the following is not an investment appraisal technique to incorporate risk and uncertainty ?
(1) The Pay-off Matrix method
(2) Certainty - Equivalent approach
(3) Marginal Efficiency of Capital approach
(4) The Decision - Tree method
Answer: Marginal Efficiency of Capital approach
(10) Which one of the following is not the component of economic environment of business ?
(1) Income and its Distribution
(2) Values and Ethics
(3) Interest Rates
(4) Competitiveness, aggresiveness
Answer: Values and Ethics
(11) Assertion (A) : Taylor stressed on revival of interest in human resources at work by focussing on increased production by rationalizing everything. Reason (R) : He assumed that “workers want to earn maximum for minimum work”. Codes :
(1) (A) is incorrect (R) is 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 and (R) is the right explanation of (A).
(12) Give the correct order of stages in goal setting theory.
(1) Goal acceptance ® Goal definition ® Efforts ® Performance ® Reward ® Satisfaction.
(2) Goal definition ® Goal acceptance ® Efforts ® Performance ® Reward ® Satisfaction.
(3) Goal acceptance ® Goal definition ® Performance ® Efforts ® Rewards ® Satisfaction.
(4) Goal definition ® Goal acceptance ® Efforts ® Satisfaction ® Performance ® Rewards.
Answer: Goal definition ® Goal acceptance ® Efforts ® Performance ® Reward ® Satisfaction.
(13) The theory of andragogy is related to the theory of __________.
(1) Adult learning
(2) Child learning
(3) Social learning
(4) Teacher learning
Answer: Adult learning
(14) Assertion (A) : The organizational structure should follow the organizational strategy.

Reason (R) :Structures are for achieving objectives and objectives are derived from organization’s overall strategy.

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 and (R) is the right explanation of (A).
(15) Consider the following statements with reference to “employee referral” as a recruiting option by a company :

(a) Referrals tend to generate lower yield ratio (hires/applicants).

(b) Current employees usually provide accurate information about the job applicants they are referring.

(c) Relying on referrals might be discriminatory.

(d) The new employees join with a more realistic picture of what the company is like.

(1) Statements (a) and (b) are true, others are false.
(2) Statements (b) and (c) are true, others are false.
(3) Statements (b), (c) and (d) are true, but (a) is false.
(4) All the statements are true.
Answer: Statements (b), (c) and (d) are true, but (a) is false.

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