ExamVeda
Login
Home

Business Management MCQ Questions and Solutions with Explanations | Management

Business Management MCQ Questions and answers with easy and logical explanations. Management provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Management MCQ is important for exams like MAT, CAT, CA, CS, CMA, CPA, CFA, UPSC, Banking and other Management department exam. Page-5 section-1

Each section contains 100 MCQs on Business Management .
41
The selection of best alternative from many alternatives is known as__________.
Discuss
Answer & Solution
Answer: Option B
Solution:
The selection of best alternative from many alternatives is known as decision-making. Decision making is a process of selecting the best among the different alternatives. It is the act of making a choice. There are so many alternatives found in the organization and departments.
42
Medium term planning is
Discuss
Answer & Solution
Answer: Option C
Solution:
Medium term planning is 2 to 5 years. A medium-term plan is a planned sequence of work for a subject (or for more than one subject) for a period of weeks, such as a half-term or term, or for a number of lessons.
43
Placing purchase order is an example of ________.
Discuss
Answer & Solution
Answer: Option A
Solution:
Placing purchase order is an example of programmed decision. Programmed decisions are those you've encountered many times before and so know how to handle with ease.
44
Short term planning is
Discuss
Answer & Solution
Answer: Option B
Solution:
Short term planning is 1 year. Short-term usually involves processes that show results within a year. Companies aim medium-term plans at results that take several years to achieve.
45
The decision deal with novel and non-repetitive problems is___________.
Discuss
Answer & Solution
Answer: Option B
Solution:
The decision deal with novel and non-repetitive problems is non-programmed decision. These decisions are taken in unstructured situations which reflect novel, ill-defined and complex problems. The problems are non-recurring or exceptional in nature. Since they have not occurred before, they require extensive brainstorming.
46
Planning lays down the overall objective, strategies and polices for the total enterprise is
Discuss
Answer & Solution
Answer: Option A
Solution:
Planning lays down the overall objective, strategies and polices for the total enterprise is corporate planning. Corporate planning is the act of creating a long-term plan to improve your business. A corporate plan examines a business's internal capabilities and lays out strategies for how to use those capabilities to improve the company and meet goals.
47
The decision which has long term impact on business is _________.
Discuss
Answer & Solution
Answer: Option B
Solution:
The decision which has long term impact on business is non-programmed decision. The Non-programmed decisions in management are concerned with unique or unusual problems. They are encountered in a very non-frequent manner. These decisions are unstructured, non-recurring and ill-defined in nature.
48
The planning focus specific functional areas of business is
Discuss
Answer & Solution
Answer: Option B
Solution:
The planning focus specific functional areas of business is divisions planning. Managers plan by setting long-term goals for the business, as well short-term strategies needed to execute against those goals.
49
The decision which relates to day-to-day operation of an organization is known as __________.
Discuss
Answer & Solution
Answer: Option D
Solution:
The decision which relates to day-to-day operation of an organization is known as operative decision. Operating decisions are decisions made to manage day to day business. Any firm which is into any kind of business is faced with 100 decisions they have to take in a day.
50
Planning focus on day-to-day actions of work units is
Discuss
Answer & Solution
Answer: Option C
Solution:
Planning focus on day-to-day actions of work units is unit planning. Unit planning is an organizational approach that helps teachers reflect upon what students need to accomplish in each unit, and how and when they will accomplish it.