Q76. Match the following approaches of moral reasoning with their propounders
Moral Reasoning
(a) Consequentialism Approach
(b) Deontological Approach
(c) Natural law theory
(d) Theological Approach
Profounder(s)
(i) Thomas Hobbes, Ayow Rand
(ii) Aristotle
(iii) Ronald White
(iv) W.D. Ross, John Rawls
Choose the correct option from the following.
(A) a- i, b-iv, c-iii, d –ii
(B) a –ii, b-iii, c-i, d-iv
(C) a- i, b-iv, c-ii, d-iii
(D) a- i, b-ii, c-iv, d-iii
ANSWER. A
Q77. Given below are two statements labelled as Assertion (A) and Read the statements and answer the question that follows:
Assertion (A): The basic thrust of strategic decision making in the process of strategic management is to make a choice regarding the courses of action to adopt, which is the primary
task of the senior management
Reasons (R): This is so because the basic concern in strategic management is to seek answers to questions. What is our business? What will it be? And what should it be?
Which of the following options is correct?
(A) Both the statements (A) and (R) are correct and (R) is the right explanation of (A)
(B) Both the statements (A) and (R) are correct but (R) is not the right explanation of (A)
(C) Statement (A) is correct but statement (R) is incorrect
(D) Both statements (A) and (R) are incorrect
ANSWER.A
Q78. There 7 elements personal selling which are in certain at the time of making sales to customers by salesperson. The correct sequence is
(A). Prospecting, approach, pre-approach, presentations, overcoming objections, follow –up and closing
(B). Pre approach, approach, prospecting, presentation, overcoming objections follow up and closing
(C). Prospecting, pre approach, approach, presentation, overcoming objections, closing, follow up
(D). Approach, prospecting, pre approach, overcoming objections, presentation, closing and follow up
ANSWER.C
Q79. Identify the combination of properties of point estimates the options given below:
(i) Efficiency
(ii) Consistency
(iii) Adequacy
(iv) Unbiasedness
Choose correct option:
(A). i, ii and iii
(B). ii, iii and iv
(C). i, iii and iv
(D). i, ii and iv
ANSWER. D
Q80. In Queuing Theory, statistical pattern by which customers arrive over a period of time follows
(A) Binomial distribution
(B) Normal distribution
(C) Poisson distribution
(D) Long, normal distribution
ANSWER. C
Q81. The strategic issues to which a retailing firm has to respond are:
(i) Location decisions
(ii) Brand building decisions
(iii) Merchandise mix decisions
(iv) Target market selection
Which of the following option is correct?
(A). i, ii and iii only
(B). i and iii only
(C). i, ii, iii and iv
(D). i, iii and iv
ANSWER. D
Q82.Customer Life Time Value (CLV) in the first year is
(A) CLV = m × ( )
(B) CLV = m + ( )
(C) CLV = m – ( )
(D) CLV = m × ( )
ANSWER. A
Q83. The difference between the point estimate and the true value of population parameter being estimated is known as
(i) Sampling error
(ii) Estimation error
(iii) Probable error
(iv) Standard error
Choose the correct option the options given below:
(A). (i) and (iii) only
(B). (iii) and (iv) only
(C). (i) and (ii) only
(D). (ii) and (iii) only.
ANSWER. C
Q84. Match List I with List II
List I
(Strategy)
(a) Merger
(b) Acquisition
(c) Takeover
(d) Hostile bid
List II
(Example)
- HUI-TOMCO
- Kelvinator Whirlpool
iii. DiamleiThrysler.AG
- L & T Technology-Mind Tree
Choose the correct option from the given below:
(A). a- i, b-ii, c-iii, d-iv
(B). a- iii, b-ii, c-iv, d-i
(C). a- ii, b-iv, c-i, d-iii
(D). a-iii, b-i, c-ii, d iv
ANSWER. C
Q85. When managers commit errors of over optimism in evaluating merger opportunities due to excessive pride or animal spirit is termed as
(A) Managerialism
(B) Information Signalling
(C) Hubris Hypothesis
(D) Sitting on gold mine
ANSWER.C
Q86. Match the terms with the statement given below:
List 1
(a) Human behaviour results from a continuous and multidirectional interaction between the
person and the situation
(b) People are central to the organization and they must be developed to their potential
(c) Manager’s efficiency depends on optimum utilization of resources
(d)The belief that there is no one best option available for an organization
List 2
(i) Internationalism
(ii) Productivity Approach
(iii)Contingency Approach
(iv)HR Approach
Select the correct option:
(A) a- i, b-iv, c-ii, d-iii
(B) a-i, b-ii, c-iii, d-iv
(3) a-i, b-iii, c-ii, d-iv
(4) a-ii, d-i, c-iii, d-iv
ANSWER.A
Q87. The major factor that allowed Portfolio Theory to develop into Capital Market Theory is
(A) Risk free asset
(B) Homogenous expectations
(C) Infinite divisibility of assets
(D) Absence Of taxes and transaction Costs
ANSWER.A
Q88. Which of the following methods of capital budgeting is best suited for leveraged projects?
(A) Net present value
(B) Internal rate of return
(C) Accounting rate of return
(D) Profitability index
ANSWER.A
Q89. Whistle blowing is normally unjustified in case of the following:
(i) Ulterior motive, Breach of trust
(ii) To protect public interest
(iii) Insufficient evidence
(iv) To inspire other employees
Choose the correct option
(A) (i) and (ii)
(B) (i) and (iii)
(C) (ii) and (iii)
(D) (ii) and (iv)
ANSWER. B
Q90. Human Resource (HR) procedures for an important element of consistency in which managerial perspective? (HRM) (AD)
(A). Direction
(B) Strategy
(C). Decision Making
(D). Recruitment
ANSWER.C
Start Passage Comprehension
Kruger Corporation has recently implemented a standard cost system. The
management has obtained the following information for variance analysis:
(a)
Standard cost information:
Direct materials Rs. 5 kg.
Quantity allowed per unit 100 kg per unit
Direct labour rate Rs. 20 per hour
Hours allowed per unit 2 hours per unit
Fixed overhead budget Rs. 12,000 per month
Normal level of production 1200 units
Fixed overhead application rate Rs. 10 per unit
Variable overhead applicable rate Rs. 2 per unit
Total overhead applicable rate Rs. 12 per unit
Actual cost information:
Cost of material purchased and consumed Rs. 4,68,000
Quantity of material purchased and consumed Rs. 1,04,000 kg
Cost of direct labour Rs. 46,480
Hours of direct labour 2240 Hrs.
Cost of variable overhead Rs. 2,352
Cost of fixed overhead Rs. 12,850
Volume of production 1000 units
Q91. What is the direct materials price variance, given an actual price of Rs 4.50 per kg?
(A) Rs. 20.600 unfavourable
(B) Rs. 52.600 favourable
(C) Rs. 48.600 favourable
(D) Rs. 52.000 unfavourable
ANSWER. D
Q.92. What is the labour efficiency variance?
(A) Rs. 4,800 unfavourable
(B) Rs. 4,200 favourable
(C) Rs. 4,800 favourable
(D) Rs. 1,200 unfavourable
ANSWER.A
Q93. What is the overhead volume variance?
(A) Rs. 4.600 favourable
(B) Rs. 2,200 unfavourable
(C) Rs. 4,000 unfavourable
(D) Rs. 2,000 unfavourable
ANSWER. D
EXPL. Fixed Overhead Volume Variance = Applied Fixed Overhead – Budgeted Fixed Overhead
Applied Fixed overhead = Standard Fixed Overhead Rate × Actual volume of production
Standard Fixed Overhead Rate =
Standard Fixed Overhead Rate = = Rs 10 per unit
Actual volume of production = 1000 units
Therefore, Applied Fixed overhead = 10 × 1000 = Rs 10000
Budgeted Fixed Overhead = Rs 12000
Fixed Overhead Volume Variance = Rs 10000 – Rs 12000 = -Rs 2000
Q94. Obtain the overhead spending variance.
(A) Rs. 29,202 unfavourable
(B) Rs. 1,202 unfavourable
(C) Rs. 1,200 favourable
(D) Rs. 15,202 favourable
ANSWER. B
Q95. What is the material quantity variance?
(A) Rs. 26.000 favourable
(B) Rs. 20.000 unfavourable
(C) Rs. 28.000 favourable
(D) Rs. 29.000 unfavourable
ANSWER.B
End Passage
Start Passage Comprehension:
Read the passage and attempt the questions that follow:
Dinesh, a young executive, joined Softech Co. three months back. Coming with a brilliant academic record. The key role to revamp the company’s finance and management procedures for which he was recognized by the management.
But now his performance has come down with mistakes found in most of his actions. Several things transpired against him. His only son turned spastic and he was overlooked for promotion against a new comer. This witnessed him becoming less popular among staff. Adding to that, a mild flirtation with a female employee was blown out of proportion. Dinesh has become emotionally and professionally depressed with morale down and seemed losing self-confidence badly.
Q96. As HR Manager, which counselling mode would you choose for Dinesh?
(A) Developmental mode
(B) Disciplinary mode
(C) Open ended mode
(D) Unbiased mode
ANSWER.A
Q97. As HR Manager which life positions in Transactional Analysis would you expects Dinesh to have?
(A) I’m Ok. You are Ok
(B) I’m Ok. You are Ok
(C) I’m not Ok. You are not Ok
(D) I’m not Ok. You are Ok
ANSWER. A
Q98. Which type of promotion policy would you recommend to Softech Co.?
(i) Career ladder
(ii) Merit Based
(iii) Accretion of duties
(iv) Competitive and non-competitive
Choose the correct option from the following
(A) (i) and (ii)
(B) (ii) and (iii)
(C) (iii) and (iv)
(D) (i) and (iii)
ANSWER. B
Q.99. The HR Manager should impart which of the following skills to Dinesh?
(A) Technical skills
(B) Peoples skills
(C) Communication skills
(D) Negotiating skills
ANSWER. B
Q100. Which management approach should the HR Manager deploy for Dinesh here?
(A) HR Approach
(B) Contingency Approach
(C) Systems Approach
(D) Interactionalism Approach
ANSWER.D
End Passage