MCQOPTIONS
Saved Bookmarks
MCQOPTIONS
This section includes 1003 Mcqs, each offering curated multiple-choice questions to sharpen your General Management knowledge and support exam preparation. Choose a topic below to get started.
| 101. |
Before thinking of routing, the production planner has to: |
| A. | Decide the optimal allocation of available resources |
| B. | To decide what type of labour to be used |
| C. | To decide how much of material is required |
| D. | To count how many orders he has on his hand. |
| Answer» B. To decide what type of labour to be used | |
| 102. |
(Total station time/Cycle time x Number of work stations) x 100 is known as: |
| A. | Line Efficiency |
| B. | Line smoothness |
| C. | Balance delay of line |
| D. | Station efficiency |
| Answer» B. Line smoothness | |
| 103. |
The material handling cost per unit of product in continuous production is: |
| A. | Highest compared to other systems |
| B. | Lower than other systems |
| C. | Negligible |
| D. | Cannot say. |
| Answer» C. Negligible | |
| 104. |
In general, medium range forecasting period will be approximately: |
| A. | 5 to 10 Years |
| B. | 2 to 3 days |
| C. | 3 to 6 months |
| D. | 10 to 20 years |
| Answer» D. 10 to 20 years | |
| 105. |
In aggregate planning, one of the methods in modification of demand is: |
| A. | Differential Pricing |
| B. | Lay off of employees |
| C. | Over time working |
| D. | Sub contracting. |
| Answer» B. Lay off of employees | |
| 106. |
In Production by service, the product undergoes the changes in: |
| A. | Shape and size of the surface |
| B. | Shape of the surface only |
| C. | Size of the surface only |
| D. | Chemical and Mechanical properties. |
| Answer» E. | |
| 107. |
Number of product varieties that can be manufactured in Job production is: |
| A. | Limited to one or two |
| B. | Large varieties of products |
| C. | One only |
| D. | None of the above. |
| Answer» C. One only | |
| 108. |
For a marketing manager, the sales forecast is: |
| A. | Estimate of the amount of unit sales or a specified future period |
| B. | Arranging the sales men to different segments of the market |
| C. | To distribute the goods through transport to satisfy the market demand |
| D. | To plan the sales methods. |
| Answer» B. Arranging the sales men to different segments of the market | |
| 109. |
The document, which is used to show planning quantity standards and productionplan, is known as: |
| A. | Planning specifications |
| B. | Route sheet |
| C. | Bill of materials |
| D. | Operation sheet |
| Answer» B. Route sheet | |
| 110. |
Number of product varieties that can be manufactured in Mass production is: |
| A. | One only |
| B. | Two only |
| C. | Few varieties in large volumes |
| D. | Large varieties in small volumes |
| Answer» D. Large varieties in small volumes | |
| 111. |
The way in which we can assess the efficiency of the production plant is by: |
| A. | Efficient dispatching |
| B. | By manufacturing a good product |
| C. | By comparing the actual performance with targets specified in the specified programme |
| D. | By efficient production planning. |
| Answer» D. By efficient production planning. | |
| 112. |
Reliability and per unit cost of which of the following spares are less? |
| A. | Regular spares |
| B. | Insurance spares |
| C. | Capital spares |
| D. | Rotable spares |
| Answer» B. Insurance spares | |
| 113. |
To decide work load for men and machines: |
| A. | Medium range forecasting is used |
| B. | Short term forecasting is used |
| C. | Long range forecasting is used |
| D. | A combination of long range and medium range forecasting is used. |
| Answer» C. Long range forecasting is used | |
| 114. |
With reference to the characteristics of a good product design, which one of thefollowing is referred to “the ease of manufacture with minimum cost”? |
| A. | Reliability |
| B. | Productibility |
| C. | Specification |
| D. | Simplification |
| Answer» C. Specification | |
| 115. |
Which one of the following is NOT the advantage of Preventive Maintenance? |
| A. | Better product quality |
| B. | Greater safety to workers |
| C. | Increased breakdowns and downtime |
| D. | Fewer large-scale repairs |
| Answer» D. Fewer large-scale repairs | |
| 116. |
The method used in scheduling a project is: |
| A. | A schedule of break-down of orders |
| B. | Outline master programme |
| C. | PERT & CPM |
| D. | Schedule for large and integrated work |
| Answer» D. Schedule for large and integrated work | |
| 117. |
Which one is NOT an index of Productivity? |
| A. | Man-hour output |
| B. | Productivity ratio |
| C. | TQM |
| D. | Use of Financial Ratios |
| Answer» D. Use of Financial Ratios | |
| 118. |
One of the objectives of maintenance is: |
| A. | to prevent obsolescence. |
| B. | to ensure spare parts management. |
| C. | to satisfy customers. |
| D. | to extend the useful life of Plant & Machinery without sacrificing the level of performance |
| Answer» E. | |
| 119. |
Addition of value to raw materials through application of technology is: |
| A. | Product |
| B. | Production |
| C. | Advancement |
| D. | Transformation. |
| Answer» C. Advancement | |
| 120. |
Example of production by disintegration is: |
| A. | Automobile |
| B. | Locomotive |
| C. | Crude oil |
| D. | Mineral water. |
| Answer» D. Mineral water. | |
| 121. |
Generally the size of the order for production in Job production is: |
| A. | Small |
| B. | Large |
| C. | Medium |
| D. | Very large. |
| Answer» B. Large | |
| 122. |
Which of the following is/are not component/s of ‘Four Corner Analysis’? |
| A. | Drivers |
| B. | Capabilities |
| C. | Assumptions |
| D. | None of these |
| Answer» E. | |
| 123. |
According to the five factors model, an attractive industry would have all of the following characteristics EXCEPT: |
| A. | low barriers to entry. |
| B. | suppliers with low bargaining power. |
| C. | a moderate degree of rivalry among competitors. |
| D. | few good products substitute. |
| Answer» B. suppliers with low bargaining power. | |
| 124. |
ETOP stands for . |
| A. | environmental threat & opportunity project |
| B. | environmental threat & opportunity profile |
| C. | environmental treaty & opportunity profile |
| D. | environmental threat & optimum profile |
| Answer» C. environmental treaty & opportunity profile | |
| 125. |
The useful framework for detecting new is called a "product-market expansion grid" |
| A. | Intensive opportunities |
| B. | Integrative opportunities |
| C. | Diversification opportunities |
| D. | None of the above |
| Answer» B. Integrative opportunities | |
| 126. |
Competitors are more likely to respond to competitive actions that are taken by |
| A. | differentiators. |
| B. | larger companies. |
| C. | first movers. |
| D. | market leaders. |
| Answer» E. | |
| 127. |
The process of performing an external audit needs to include: |
| A. | only top-level managers, as it’s a planning function. |
| B. | as many managers and employees as possible. |
| C. | primarily front-line supervisors |
| D. | between 15 to 20 managers for it to be valid |
| Answer» C. primarily front-line supervisors | |
| 128. |
Which of the following is/are stability strategies? |
| A. | No Change strategy |
| B. | Caution Strategy |
| C. | Profit Strategy |
| D. | All of these |
| Answer» E. | |
| 129. |
Opportunities to build or acquire businesses that are related to current businesses: |
| A. | Intensive Opportunities |
| B. | Integrative Opportunities |
| C. | Diversification Opportunities |
| D. | None of the above |
| Answer» C. Diversification Opportunities | |
| 130. |
The two best reasons for investing company resources in vertical integration (either forward or backward) are to |
| A. | Expand into foreign markets and/or control more of the industry value chain |
| B. | Broaden the firm's product line and/or avoid the need for outsourcing |
| C. | Enable use of offensive strategies and/or gain a first mover advantage over rivals in revamping the industry value chain |
| D. | Strengthen the company's competitive position and/or boost its profitability |
| Answer» E. | |
| 131. |
A sustained or sustainable competitive advantage requires that: |
| A. | the value creating strategy be in a formulation stage. |
| B. | competitors implement the strategy. |
| C. | other companies not be able to duplicate the strategy. |
| D. | average returns be earned by the company. |
| Answer» D. average returns be earned by the company. | |
| 132. |
VMOST Analysis tool is developed by: |
| A. | C K Prahlad |
| B. | Rakesh Sondhi |
| C. | Michael Porter |
| D. | R S Cooper |
| Answer» C. Michael Porter | |
| 133. |
Which one of the following is NOT included in the Porter’s Five Forces model? |
| A. | Potential development of substitute products |
| B. | Bargaining power of suppliers |
| C. | Rivalry among stockholders |
| D. | Rivalry among competing firms |
| Answer» D. Rivalry among competing firms | |
| 134. |
Which of the following resources is used by all organizations to achieve desiredobjectives? |
| A. | Financial resources, |
| B. | Physical resources |
| C. | Human resources |
| D. | All of the mentioned options |
| Answer» E. | |
| 135. |
An industry is defined as: |
| A. | a group of firms producing the same item. |
| B. | firms producing items that sell through the same distribution channels. |
| C. | firms that have the same seven-digit standard industrial code. |
| D. | a group of firms producing products that are close substitutes. |
| Answer» E. | |
| 136. |
ST Strategies is an important strategy to |
| A. | Match weakness with opportunities of the firm |
| B. | Overcome external threats |
| C. | Obtain benefit from its resources |
| D. | Overcome its weakness and reducing threats |
| Answer» C. Obtain benefit from its resources | |
| 137. |
Micro environment is the ………. environment of a company. |
| A. | Working |
| B. | Human |
| C. | External |
| D. | Internal |
| Answer» E. | |
| 138. |
Elements in a company’s external environment that allow to formulate and implementstrategies to increase profitability. |
| A. | Strength |
| B. | Success |
| C. | opportunity |
| D. | productivity |
| Answer» D. productivity | |
| 139. |
Strategic mission: |
| A. | is a statement of a firm's unique purpose and scope of operations. |
| B. | is an internally-focused affirmation of the organization's societal and ethical goals. |
| C. | does not limit the firm by specifying the industry in which the firm intends to compete. |
| D. | is developed by a firm before the firm develops its strategic intent. |
| Answer» B. is an internally-focused affirmation of the organization's societal and ethical goals. | |
| 140. |
Business-level strategies are concerned specifically with: |
| A. | creating differences between the firm's position and its rivals. |
| B. | the industries in which the firm will compete. |
| C. | how functional areas will be organized within the firm. |
| D. | how a business with multiple physical locations will operate one of those locations. |
| Answer» B. the industries in which the firm will compete. | |
| 141. |
It is often useful to complete a ------ analysis before completing a ------- analysis. |
| A. | SWOT, PEST |
| B. | Competitor, PEST |
| C. | PEST, SWOT |
| D. | Strategic, Competitor |
| Answer» D. Strategic, Competitor | |
| 142. |
Redefining how company gets paid or create innovative new revenue streams isof Business innovation. |
| A. | Value capture dimension |
| B. | Brand dimension |
| C. | Networking dimension |
| D. | Offerings dimension |
| Answer» B. Brand dimension | |
| 143. |
---------- can also be defined as “a general direction set for the company and itsvarious components to achieve a desired state in the future. |
| A. | Goal |
| B. | Objectives |
| C. | Mission |
| D. | Strategy |
| Answer» E. | |
| 144. |
Strategic management process activates in the sequence of |
| A. | Environmental scanning, Strategy formulation, Implementation, c ontrol and evaluation |
| B. | Strategy formulation, Environmental scanning, Implementation, control and evaluation |
| C. | Environmental scanning, Strategy Implementation, formulation, c ontrol and evaluation |
| D. | Strategy formulation, Implementation, control, evaluation, Environmental scanning |
| Answer» B. Strategy formulation, Environmental scanning, Implementation, control and evaluation | |
| 145. |
The strategic impetus for forward vertical integration is to |
| A. | Gain better access to end users and better market visibility |
| B. | Achieve the same scale economies as wholesale distributors and/or retail dealers |
| C. | Control price at the retail level |
| D. | None of these |
| Answer» B. Achieve the same scale economies as wholesale distributors and/or retail dealers | |
| 146. |
In PEST analysis, “T” stands for------------ |
| A. | Tactical factors |
| B. | Threat factors |
| C. | Task factors |
| D. | Technological factors |
| Answer» E. | |
| 147. |
---------- analysis begins with identifying present as well as potential competitors. |
| A. | Environment |
| B. | Internal |
| C. | Competitor |
| D. | External |
| Answer» D. External | |
| 148. |
Which of the following is not a characteristic of strategic Management? |
| A. | Strategic issues require top-management decisions |
| B. | Strategic issues involve the allocation of large amounts of company resources |
| C. | Strategic issues are future oriented |
| D. | None of these |
| Answer» E. | |
| 149. |
The actual performance deviates positively over the budgeted performance. This isan indication of ………... performance. |
| A. | superior |
| B. | inferior |
| C. | contant |
| D. | any of the above |
| Answer» B. inferior | |
| 150. |
Which of the following defines what business or businesses the firm is in or should be in |
| A. | Business strategy |
| B. | Corporate strategy |
| C. | Functional strategy |
| D. | National strategy |
| Answer» C. Functional strategy | |