Managment Solved Questions (Practice_Test 7 of 10)
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- ISO-quants are also known as:
- Equal revenue curves.
- Equal cost curves
- Equal product curves
- Indifference curves
Answer: c
- Match the following:
List-I List-II - Cardinal approach
- Ordinal approach
- Hicks-Allen approach
- Consumer՚s surplus
- Margin Utility
- Alfred Marshall
- JR Hicks
- Indifference curve
- Revealed preference theory
- A
- B
- C
- D
- 1
- 2
- 3
- 4
- 1
- 5
- 4
- 2
- 1
- 3
- 4
- 2
- 1
- 3
- 2
- 4
Answer: b
- The scientific management stressed upon:
- Rationality
- Specialization
- Technical competence
- Predictability
Select the Correct Code:
- 1 and 2
- 1,2 and 3
- 2,3 and 4
- 1,2, 3 and 4
Answer: d
- One who does too mu1i work is called:
- A rate buster
- A chiseller
- A squealer
- None pf the above
Answer: a
- Which of the following is not an essential feature of social environment?
- Competitiveness
- Respect for the individual
- Better quality of life
- Bailment
Answer: d
- Marketing information system help to
- Sales Manager
- Purchase Manager
- Operational Manager
- Marketing Manager
Answer: d
- Consider the following:
- Measurement
- Projection
- Selection
- Observation
- Comparison
- Decision making
The correct sequence of the above ingredients of management by exception is:
- 1 2 3 4 5 6
- 1 2 3 5 4 6
- 1 2 3 6 4 5
- 1 2 3 6 5 4
Answer: a
- Normal profits are considered as:
- Explicit Costs
- Implicit Costs
- Social Costs
- Private Costs
Answer: b
- Consider the following statements:
- Quartile deviation is more instructive range as it discards the dispersion of extreme items.
- Coefficient of quartile deviation cannot be used to compare the degree.
- There are 10 deciles for a series.
Which of the above statements is/are correct?
- 1,2 and 3
- 2 alone
- 3 alone
- 1 alone
Answer: c