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36 Business Management Questions And Answers

2⟩ What are your hobbies?

it is most frequently question ask by any interviewer bt the most important thing in this question is that we should show our real hobbies rather than artificial in which we actively participate and have a profound knowledge about that.............

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6⟩ What is basic difference between FII & FDI?

In FII, d foreign investment is mk thru any intermediary means

any institution is thr b/w investor or domestic co.,

bt in FDI, investment is directly md thru joint venture or in collaboration wid any domestic co.

simply means in fdi, investment can be made directly.........

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8⟩ Why do you choose marketing?

Marketing is a wide concept and is involved in every

department of an organization. It involves a close

organised study of market aligned with all functional

departments. It provides a fair oppurtunity to enter into

the market from TARGET MARKET till AFTER SALE SERVICE for

the exisiting firm or from PRODUCT DESIGN till AFTER SALE

SERVICE for NEW FIRMS.

Marketing has many dimensions and verticals, which make it

the most important and critical factor for an organization

for the existence in the competative world.

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10⟩ What is the difference between PROVISION & RESERVE?

PROVISION : Provision is a charge to P&L a/c.

RESERVE : Reserve is an appropriation of profit.

provision : it is because of legal necessity.

reserve : it is a matter of finavial prudence.

provision : creation of provision decreases the funds of

the business.

reserve : creation of reserve increases the working capital

of the business.

provision : can be made irrespective of profit / loss

reserve : cannot be made when there is loss.

provision : are made against expected losses.

reserve :safe guard against unexpected losses and there by

to strengthen the financial position of the company

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11⟩ The communication process is made up of various components. Which of the following is the actual physical product from the source? a) Feedback b) Filter c) Message d) Channel e) Understanding.

c) Message

Explanation:

The communication process is made up of various components. The message is the actual physical product from the source encoding. Hence, from above discussion, we can infer that option (c) is correct.

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12⟩ Which of the following would not be an accurate depiction of the differences between strategic and tactical planning? a) Strategic planning is developed mainly by upper-level management and tactical planning is generally developed by lower-level management b) Facts for strategic planning are generally easier to gather than facts for tactical planning c) Strategic plans generally contain less details than tactical plans d) Strategic plans generally cover a longer period of time than tactical plans e) Managers who are engaged in the development of strategic plans tend to work in more uncertainty than those managers engaged in the development of tactical plans.

b) Facts for strategic planning are generally easier to gather than facts for tactical planning

Explanation:

Strategic plan is used to establish overall objectives for the organization and position the organization in terms of its environment. Facts for strategic planning are generally more difficult to gather than facts for tactical planning. Hence, from above discussion, we can infer that option (b) is correct.

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13⟩ Which of the following statements concerning grapevine is not correct? a) Grapevine is generally used irregularly in organizations b) Grapevine can and often does generate harmful rumors c) Grapevine is used largely to serve the self-interests of people within it d) Some managers use grapevine to their advantage e) In time, and with proper pressure, grapevine can be eliminated.

e) In time, and with proper pressure, grapevine can be eliminated.

Explanation:

Grapevine is an integral part of organizational communication and hence cannot be eliminated.

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14⟩ The conflict-resolution approach that corresponds with a high level of assertiveness and a low level of cooperativeness, is referred to as a) Compromising b) Collaborating c) Forcing d) Avoiding e) Accommodating.

c) Forcing

Explanation:

The conflict-resolution approach that corresponds with a high level of assertiveness and a low level of cooperativeness, is referred to as Forcing. Hence, from above discussion, we can infer that option (c) is correct.

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15⟩ ABC works for "Energy Engineering Works." Apart from the regular compensation, the company provides him with things such as tuition reimbursement, recreational opportunities etc. What is the name given to these things of value? a) Incentives b) Benefits c) Rewards d) Compensation e) Social benefits.

b) Benefits

Explanation:

The term associated with things such as tuition reimbursement, recreational opportunities etc is benefits which is provided apart form the regular compensation. i.e. Benefits are forms of supplementary compensation. They represent monetary and non-monetary payments over and above the wages paid. (a) Incentives represent special compensation opportunities that are usually tied to performance. (c) Rewards are given in recognition of specific achievements whereas social benefits in the form of say club memberships are given to enhance the employee status. (d) Compensation is the financial remuneration given by the organization to its employers for their work.

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16⟩ JIT (Just-In-Time) inventory control is an approach to inventory control, which stipulates that materials should arrive just, as they are needed, in the production process. Which of the following would generally not be associated with a successful JIT program, for the purpose of inventory control? a) Well-organized receiving and handling of materials purchased from suppliers b) Strong management commitment c) Suppliers located in diverse and distant locations d) High quality of materials purchased from suppliers e) Dependable and long-lasting relationships with suppliers and customers.

c) Suppliers located in diverse and distant locations

Explanation:

A successful JIT program requires that suppliers be located in close proximity of the company, so that materials can arrive as and when needed.

Hence from above discussion, we can infer that option (c) would generally not be associated with a successful JIT program. Options (a), (b), (d) and (e) would all be associated with a successful JIT program.

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17⟩ Identify the sequence of different steps in controlling I. Measurement of performance. II. Comparison of actual and standard. III. Analysis of causes of deviation. IV. Actual performance. V. Corrective action plan. a) (III), (IV), (V), (I), (II) b) (II), (III), (IV), (V), (I) c) (I), (II), (IV), (III), (V) d) (IV), (I), (II), (III), (V) e) (V), (IV), (III), (II), (I).

d) (IV), (I), (II), (III), (V)

Explanation:

The steps in controlling are actual performance, measurement of performance, comparison of actual and standard. Analysis of courses of deviation and corrective action plan. (d) is correct answer.

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18⟩ Immoral management not only ignores ethical concerns, but also actively opposes ethical behavior. Organizations with immoral management is/are characterized by I. Total concern for company profits only. II. Laws are regarded as hurdles to be removed. III. Less inclination to minimize expenditure. a) Only (I) above b) Only (II) above c) Both (I) and (II) above d) Both (I) and (III) above e) All (I), (II) and (III) above.

c) Both (I) and (II) above

Explanation:

Immoral management not only ignores ethical concerns, but also actively opposes ethical behavior. Organizations with immoral management are characterized by:

★ Total concern for company profits only.

★ Laws are regarded as hurdles to be removed.

★ Strong inclination to minimize expenditures.

Hence, option (c) is the correct answer.

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19⟩ The behavioral approach of management thoughts can be classified into I. Bureaucratic management. II. Group influences. III. Hawthorne studies. IV. Contingency theory. a) Both (I) and (II) above b) Both (I) and (III) above c) Both (II) and (III) above d) (I), (II) and (III) above e) (II), (III) and (IV) above.

c) Both (II) and (III) above

Explanation:

The behavioral approach of management thoughts can be classified into

· Group influences

· Hawthorne studies.

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20⟩ Two factor theory of motivation provides useful insights into the relationship between individual and situational or hygiene factors. Which of the following is a hygiene factor? a) Achievement b) Interpersonal relations c) Recognition d) Challenging work e) Increased responsibility.

b) Interpersonal relations

Explanation:

Interpersonal relationships can be considered as a hygiene factor under Two factor theory.

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