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

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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 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

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