Business Management MCQ Questions and Solutions with Explanations | Management

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41.
The selection of best alternative from many alternatives is known as__________.

A. selection

B. decision-making

C. organizing

D. budgeting

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42.
Medium term planning is

A. 6 months

B. 1 year

C. 2 to 5 years

D. 5 to 15 years

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43.
Placing purchase order is an example of ________.

A. programmed decision

B. non-programmed decision

C. major decision

D. decision

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44.
Short term planning is

A. 6 months

B. 1 year

C. 2 to 5 years

D. 5 to 15 years

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45.
The decision deal with novel and non-repetitive problems is___________.

A. programmed decision

B. non-programmed decision

C. individual decision

D. non-economic decision

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