Important Questions UGC NET- Management
1. The Marshallian utility analysis is based on a less valid assumption of:
(A) Cardinal measurement of utility
(B) Constant marginal utility of money
(C) Diminishing marginal utility of goods
(D) Additivity of the utility
Answer: (B)
2. An appropriate pricing strategy for a new product to be introduced in the market will be:
(A) Average/ Marginal cost-plus pricing
(B) Skimming/Penetrating pricing
(C) Product-line pricing
(D) Differential pricing
Answer: (B)
3. Economic capacity of a plant represents the firm’s capability for:
(A) Maximum physical output
(B) Maximum marginal output
(C) Break-even level of output and sale
(D) Output that equates average and marginal costs
Answer: (D)
4. Multi-stage approach to product pricing in a firm involves considerations for setting the price as follows:
(i) Selection of firm’s objective
(ii) Composition of marketing-mix
(iii) Selection of target market
(iv) Selection of pricing policy and strategy
Indicate the correct sequence:
(A) (iv) (ii) (i) (iii)
(B) (iii) (i) (ii) (iv)
(C) (ii) (iv) (iii) (i)
(D) (i) (iii) (ii) (iv)
Answer: (B)
5. Which one of the following practices is not sought to be regulated under the Consumer Protection Act, 1986?
(A) Sales of defective goods
(B) Supply of services having some deficiency
(C) Misleading advertisements
(D) Goods supplied free of charge
Answer: (D)
6. The leadership prototype:
(A) Is useful primarily for selection and training of employees
(B) Uses LPC (Lease Preferred Co-worker) as an important component
(C) Depicts the image of a model leader
(D) Emphasizes leadership development
Answer: (C)
7. Which is not a perceptual process stage?
(A) Attention/ selection
(B) Interpretation
(C) Follow-through
(D) Retrieval
Answer: (A)
8. Which statement is correct?
(A) Goals act as the set of constraints that an organisation must satisfy
(B) Deterministic goals specify the end or direction towards which the organisation applies its efforts and they can be fairly determined
(C) Goals may be categorised as deterministic and constraint goals
(D) All of the above
Answer: (D)
9. According to Fiedler’s Contingency Model of Leadership, which one of the following is not a situational variable?
(A) Leader-Member relations
(B) Task structure
(C) Position power
(D) Maturity of followers
Answer: (D)
10. Which is not a centralized communication network system?
(A) Wheel Network
(B) Y-shaped Network
(C) Circle Network
(D) Chain Network