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Management Questions and Answers for Competitive Exams | MBA BBA Quiz Set 39

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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 marketing practices is outside the purview of the Competition Commission ?
(1) Exclusive dealing
(2) Misleading advertising
(3) Predatory pricing
(4) None of the above
Answer: Misleading advertising
(2) The major advantage of the direct mail marketing is :
(1) High target - market selectivity
(2) Low cost of transaction
(3) Privacy of the buyer
(4) Speedy delivery
Answer: High target - market selectivity

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(3) EBIT - EPS indifference point is the level of :
(1) EBIT that produces the same level of EPS for two alternative capital structures.
(2) EBIT that maximises EPS
(3) EPS that optimises EBIT
(4) Capital structure that does not affect Kd
Answer: EBIT that produces the same level of EPS for two alternative capital structures.
(4) In this attack strategy, the marketer must back it with a stronger attack to beat the opponent. Identify the strategy.
(1) Encirclement
(2) Flank
(3) Frontal
(4) Guerrilla
Answer: Guerrilla
(5) A ‘defective raw material’ causing major variation in quality characteristics is called :
(1) Chance cause of variation
(2) Assignable cause of variation
(3) Acceptable cause of variation
(4) Tolerable cause of variation
Answer: Assignable cause of variation
(6) Which of the following is the correct order for sequential design ?
(1) Product concept ® performance specifications ® Design specifications ® Manufacturing specifications
(2) Manufacturing specifications ® Product concept ® Design specifications® Performance specifications
(3) Product concept ® Design specifications ® Performance specifications ® Manufacturing specifications
(4) Design specifications ® Performance specifications ® Product concept ® Manufacturing specifications
Answer: Product concept ® performance specifications ® Design specifications ® Manufacturing specifications
(7) Which of the following statements is not true in the context of demand forecasting ?
(1) The time frame indicates, how far into the future the demand is forecasted.
(2) A trend is gradual, long-term upward or downward movement of demand.
(3) A trend is intermittent, short term upward or downward movement of demand.
(4) Random variations are movements in demand that do not follow a definite pattern.
Answer: A trend is intermittent, short term upward or downward movement of demand.
(8) Consider the following statements :

(a) In the Game theory, the saddle point is the largest value in its row and the smallest in its column.

(b) The classical EOQ model is very sensitive to changes in the variables.

(c) In LP problem, an optimal solution does not necessarily use all the limited resources.

(d) In PERT, it is assumed that the distribution of completion time for a project is normal distribution.

Indicate the true answers.

(1) Statements (c) and (d)
(2) Statements (a), (c) and (d)
(3) Statements (a), (b) and (d)
(4) All are true
Answer: Statements (c) and (d) (2)
(9) Consider the following statements :

(a) When there is no saddle point in a competitive game, the players adopt mixed strategies.

(b) The EOQ model of inventory control can also be applied to the production process, with appropriate modifications.

(c) If the price of an item of inventory increases, the EOQ will also increase proportionately.

(d) In an LP problem, an equation is more restrictive than an unequality.

(1) All of the above
(2) (a), (b) and (d)
(3) (a) and (b)
(4) None of the statements is true
Answer: (a), (b) and (d)
(10) Consider the following statements :

(a) In the single - channel queuing model, if m5l, the queue length would be infinite.

(b) In the simplex solution procedure for an LP problem, the shadow prices of the resources are identified with the variables which are included in the optimal solution.

(c) In the case of gradual receipt of the ordered quantity, the EOQ will be larger than the EOQ in the case of instantaneous receipt.

(d) Time is the only variable in PERT

(1) Statements (a) and (b) are true, others are not
(2) Statements (b) and (c) are true, others are not
(3) Statements (a), (c) and (d) are true, but (b) is false
(4) All the statements are true
Answer: Statements (a), (c) and (d) are true, but (b) is false
(11)

A Random variable X has the following probability distribution :

X :22 0 2

Probability :0.25 0.50 0.25

The mean and variance of X shall be :

(1) 0.50 and 1
(2) 0 and 1
(3) 0.50 and 2
(4) 0 and 2
Answer: 0 and 2
(12) Which of the following is possible in a chi - square goodness - of - fit test ?
(1) The chi - square statistic is 0.
(2) The observed counts are not whole number.
(3) The probabilities specified in the null hypothesis sum to less than one.
(4) The degree of freedom are larger than the number of categories
Answer: The chi - square statistic is 0.
(13) The language used to develop interactive 3D modelling on World Wide Web is called as :
(1) XML
(2) JAVA
(3) HTML
(4) VRML
Answer: VRML
(14) Software that stores credit card and other information to facilitate payment for goods on the web :
(1) Electronic Cash
(2) Digital Wallet
(3) Smart Card
(4) Electronic Cheque
Answer: Digital Wallet
(15) Pan Amsat developed a joint venture with Jsat Corporation to develop and send into orbit a small satellite. Which type of alliance the above statement represents ?
(1) Diversifying Alliance
(2) Franchising
(3) Synergistic Alliance
(4) None of the above
Answer: Trade Mark

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