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Management Questions and Answers for Competitive Exams | MBA BBA Quiz Set 40

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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 alternatives represents the Five - Forces Model of Competition developed by Michael Porter ?
(1) Suppliers, buyers, competitive rivalry among firms in industry, product substitutes and potential entrants.
(2) Employees, buyers, competitive rivalry among firms in industry, product substitutes and potential entrants.
(3) Suppliers, buyers, employees, product substitutes and potential entrants.
(4) Buyers, employees, suppliers, product substitutes and potential entrants.
Answer: Suppliers, buyers, competitive rivalry among firms in industry, product substitutes and potential entrants.
(2) Who among the following has given the statement : “transition from single function focus to a multi function focus is essential for successful strategic management”?
(1) Robert Grant
(2) J.B. Barney
(3) Igor Ansoff
(4) Edgar Schein
Answer: Igor Ansoff

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(3) __________ signals a strategic inflection point necessitating a radical strategic shift.
(1) Ambidexterity
(2) Strategic Dissonance
(3) Stretch Targets
(4) Organizational Adaptation
Answer: Strategic Dissonance
(4) Grand Strategy Matrix refers to __________.
(1) development of analysis for the strengths, weaknesses, opportunities and threats of organisation
(2) development of strategic position and action evaluation
(3) development of strategy for plotting organization division in a schematic diagram
(4) development of a popular tool for formulating alternative strategies
Answer: development of a popular tool for formulating alternative strategies
(5) Which one of the following is not an entrepreneurial competency ?
(1) Tolerance of ambiguity and uncertainty
(2) Motivation to excel
(3) External locus of control
(4) Self-efficacy
Answer: External locus of control
(6) As per the RBI guidelines (November 2012), a MSE would be considered sick if any of the borrowal account of the enterprise remains non-performing assets (NPA) for :
(1) Three months
(2) Six months
(3) Nine months
(4) Twelve months
Answer: Three months
(7) Which one of the following idea generation methods focusses on developing new ideas when the individuals are unaware of the problem ?
(1) Gordon method
(2) Checklist method
(3) Creative problem solving
(4) Brain - storming
Answer: Gordon method
(8) Which one of the following is not a part of the industry analysis for a business plan ?
(1) Analysis of competitors
(2) Market segmentation
(3) Distribution of the products/services
(4) Industry and market forecasts
Answer: Distribution of the products/services
(9) Which one of the following is an apex organisation under the union ministry of MSME engaged in Training, Consultancy, Research and Publication to promote entrepreneurship ?
(1) NIESBUD
(2) NIMSME
(3) IIE
(4) MGIRI
Answer: NIESBUD
(10) Which one of the following is true in case of an Intrapreneur ?
(1) He is a job provider
(2) He is independent in his operations
(3) He assumes risk and uncertainty
(4) He does not raise funds required for the enterprise
Answer: He does not raise funds required for the enterprise
(11) Which one of the following is not a principle of corporate Governance ?
(1) Transparency
(2) Accountability
(3) Feasibility
(4) Responsibility
Answer: Feasibility
(12) An approach to managing, where managers are guided by organisations shared values in their management practices, is called :
(1) Greening of management
(2) Value-based management
(3) Socially responsible management
(4) Social impact management
Answer: Value-based management
(13) The Gaia hypothesis was propounded in 1999 by :
(1) James Lovelock
(2) Friedman
(3) Lord Keynes
(4) Jean - Jacques Rousseau
Answer: James Lovelock
(14) Assertion (A) : When a corporation acts ethically and socially responsible in its business decisions and strategic planning, then the corporation will be more sustainable.

Reason (R) : Socially responsible corporate behaviour is increasingly seen as essential to long-term survival of companies.

(1) Both (A) and (R) are true and (R) is the correct explanation
(2) Both (A) and (R) are true but (R) is not the correct explanation
(3) (A) is true, but (R) is false
(4) (A) is false, but (R) is true
Answer: Both (A) and (R) are true and (R) is the correct explanation
(15) The Most Favoured Nation status doesn’t necessarily refer to :
(1) Non-discriminatory treatment
(2) Same and equal economic treatment
(3) Same tariff rates applicable
(4) Uniform civil code
Answer: Uniform civil code

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