NAT II Management Science Management With Answers

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NAT II Management Science Management

Sr. # Questions Answers Choice
1 One disadvantage of group participation in decision making is Bad effect on morale Organizational conflicts Time required De-motivation of the members
2 The tendency of making accurate diagnosis is dependent upon Identifying major obstacles A definition of organizational objectives Definition of objectives and identification of obstacles None of the above
3 A business firm typically seek following solutions to problems Any Optional Satisfactory Complete
4 The following is not a typical characteristic of the decision making process It is goal oriented It occurs over time It occurs in sequential chains It cannot be learned in the classroom
5 The policy and actions of a government will afect Business strategy of an organization Economic conditions of the country Legal framework within which companies operate All of the above
6 The main purpose of strategic planning is to Provides major objectives Deal with the government Determine operational goals Establish intermediate strategies
7 An employee of ABC Ltd. is not allowed to accept gifts from suppliers except for token gifts of purely nominal or advertising value. It is an example of a Policy Procedure Rule Objective
8 In administering an aptitude test, the specified technique to be used is called a Policy Method Procedure Objective
9 A decision by a government to lease rather than purchase retail sales outlets is an example of Export policy Monitory policy Sales policy Finance policy
10 Before a week to the budget presentation in Parliament, a decision to restrict the distribution of sugar, rice etc. is an example of Export policy Monitory policy Sales policy Finance policy
11 To ensure proper maintenance of TV by the customers, a decision to promote the sale of service contracts with TV sales was taken. This is an example of Imposed policy Originated policy Appealed policy All of the above
12 The following is the best statement to set a goal Increased the sales volume by 20% by October 9 Change the method of assembly by June 30 Reduce the scrap rate by 5% before the year end Do a better job next time
13 The typical time horizon for long-rang plans for most of the organizations is 6 months 1 year 5 years 10 years
14 The statement "No smoking in the factory" is an example of A policy A rule A slogan A goal
15 The final step in long-rang planning is Execution of the plan Control to the plans Establish strategies Develop planning premises
16 The following is not a type of economic forecasting Econometrics Lead and lag indicators Extrapolation User expectations
17 Technical forecasting includes Demand forecasting Sales forecasting Exploratory forecasting Cash forecasting
18 Production planning and Control department is basically responsible for Marinating optimum level of inventory Formulating production policy Scheduling output to fulfill sales needs None of the above
19 Arrangement of the data in a matrix form is most basic characteristic of Descriptive statistics Linear programming Data analysis All of the above
20 The objectives of most of the managers are Single Double Multiple All of the above
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