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Management Questions and Answers for Competitive Exams | MBA BBA Quiz Set 36

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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 is not a major area of entrepreneurial innovation as suggested by Joseph Schumpeter ?
(1) Product innovation
(2) Process innovation
(3) Market innovation
(4) Structural innovation
Answer: Structural innovation
(2) Which one of the following types of entrepreneurs are not proactive in nature and does not respond much to changes in the environment ?
(1) Fabian entrepreneur
(2) Adoptive entrepreneur
(3) Drone entrepreneu
(4) Innovative entrepreneur
Answer: Fabian entrepreneur

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(3) SFURTI (Scheme of fund for regeneration of traditional industries) is implemented by :
(1) Union Ministry of Traditional Industries
(2) National Agricultural cooperative Marketing Federation
(3) Federation of Indian Chamber of Commerce and Industry
(4) Union Ministry of Micro, Small and Medium Enterprises
Answer: Union Ministry of Micro, Small and Medium Enterprises
(4) According to the Tiwari Committee report, which one of the following is not an internal cause of industrial sickness in India ?
(1) Lack of manpower planning
(2) Lack of control systems
(3) Excessive expenditure
(4) Excessive tax policies
Answer: Excessive tax policies
(5) Which of the following is/are the component(s) of Ethics by field of interest ?
(1) Descriptive ethics
(2) Normative ethics
(3) Meta ethics
(4) All of the above
Answer: All of the above
(6) What is the right sequence of four psychological sub-processes in ethical action given by James Rest ?
(1) Moral sensitivity, moral focus, moral judgment, moral character
(2) Moral focus, moral character, moral sensitivity, moral judgement
(3) Moral sensitivity, moral judgement, moral focus, moral character
(4) Moral character, moral focus, moral judgement, moral sensitivity
Answer: Moral sensitivity, moral focus, moral judgment, moral character
(7) A new approach “Learning Model” which is helpful to strengthen the decision making process was developed by :
(1) Arthur Rich
(2) Bob Garratt
(3) Christian Wolff
(4) Lord Keynes
Answer: Bob Garratt
(8) Assertion (A) : Corporate behaviour towards stakeholders is an important concept in practice and a central part of corporate Governance.

Reason (R) : It has to be ethical, legal and responsible behaviour for organisation, stakeholders and society.

(1) Both (A) and (R) are true.
(2) Both (A) and (R) are false.
(3) (A) is false, but (R) is true
(4) (A) is true, but (R) is not a correct explanation of (A).
Answer: Both (A) and (R) are true.
(9) CSR is important because :
(1) It influences all aspects of Company’s operation
(2) It gives company’s mission and strategy
(3) It increases the general affluence and societal expectation
(4) All of the above
Answer: All of the above
(10) The demand function for commodity X, is QD5300220P; where P is the price in rupees per unit and QD is the quantity demanded in units per period. Which of the following is the price level at which total revenue of a firm facing this demand function is maximised ?
(1) 8.0
(2) 7.5
(3) 10.5
(4) 12.5
Answer: 7.5
(11) It costs a firm ` 90 per unit to produce product A, and ` 60 per unit to produce B individually. If the firm can produce both products together at ` 160 per unit of product A and B, this exhibits signs of :
(1) economies of scope
(2) diseconomies of scale
(3) diseconomies of scope
(4) economies of scale
Answer: diseconomies of scope
(12) In the context of Prisoner’s dilemma, which one of the following is correct ?
(1) rational choices can lead to bad outcomes
(2) rational choices can lead to good outcomes
(3) co-operation can lead to sub - optimal results
(4) none of the above
Answer: rational choices can lead to bad outcomes
(13) Find the most appropriate sequence of life-cycle of price for a product, from the initial stage to the mature stage.
(1) Target price®penetration price®value - based price®limit price®niche price
(2) Penetration price®limit price®value - based price®target price®niche price
(3) Penetration price®target price®limit price®value - based price®niche price
(4) Penetration price®niche price®target price®limit price®value - based price
Answer: Target price®penetration price®value - based price®limit price®niche price
(14) A public works project is proposed that has total present - worth benefits of ` 75 million and total present-worth cost of ` 55 million. In deliberating this proposal, some members of the Municipal Board have suggested that the project has a total present-worth disbenefits of ` 15 million; other members feel that ` 15 million should be treated as a cost. What will be the benefit cost ratio and net benefits value while considering the disbenefits as a cost ?
(1) 1.70 and ` 10 million
(2) 1.57 and ` 5 million
(3) 1.60 and ` 6 million
(4) 1.07 and ` 5 million
Answer: 1.07 and ` 5 million
(15) The ability to integrate new ideas with the existing processes and to innovate on the job is a crucial __________ for today’s managers.
(1) Conceptual skill
(2) Human skill
(3) Soft skill
(4) Technical skill
Answer: Conceptual skill

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