Question for AP SET Management - Quiz / Questions / MCQ in English

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Latest AP SET Management Exam Question (Objective Questions), MCQ in English

Subjects : Management

Question Bank AP SET Management Exam Paper 2 - English

Management

Q 1 :

Indicate the correct code for the scope of managerial economics from the following :
(a) Demand Analysis
(b) Production and Cost Analysis
(c) Pricing and Investment Decisions
(d) Factor pricing Decisions
(e) Economic Environmental Analysis
     Codes :

1. A.(a), (b), (c), (d)  
2. B.(b), (c), (d), (e)
3. C.(a), (b), (c), (e)  
4. D.(a), (c), (d), (e)

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Q 2 :

Which one of the following will be the appropriate pricing strategy for a new product expecting an expanding market?

1. A.Monopoly pricing
2. B.Skimming pricing
3. C.Penetrating pricing
4. D.Differential pricing

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Q 3 :

Match the items of the List-I with those of the List-II and suggest the correct code from the following :
      List-I                                  List-II
(a) Loss Leader               (i) Locational price differentials
(b) Unchanged Pricing     (ii) Products with high initial demands
(c) Basing Point Pricing   (iii) Product line pricing     
(d) Skimming Pricing       (iv) Oligopoly pricing
    Code :

1. A.(a)    (b)    (c)    (d)
   (i)    (ii)    (iii)    (iv)
2. B.(iii)    (iv)    (i)    (ii)
3. C.(iv)     (ii)    (i)    (iii)
4. D.(iii)    (i)    (ii)    (iv)

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Q 4 :

In case the firm makes varying investments on the different investment projects, the appropriate project evaluation technique would be, which one of the following?

1. A.Average annual rate of return technique
2. B.Pay back period technique
3. C.Net present value technique
4. D.Profitability index technique

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Q 5 :

According to Henry Fayol, which one of the following combinations of qualities are required in a manager?

1. A.Physical, mental, experience, educational and conceptual.
2. B.Technical, human, conceptual, mental and moral.
3. C.Physical, mental, moral, educational, technical and experience
4. D.Mental, moral, conceptual, educational, technical and experience.

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Q 6 :

Neo-classical organisation theory emphasises on which one of the following?

1. A.Flat structure of organisation
2. B.Tall structure of organisation.
3. C.Coordination by hierarchy
4. D.Unity of command

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Q 7 :

According to Graicuna’s formula of span of management, if a superior has three subordinates, what number of cross-relationships would be?

1. A.three   
2. B.six
3. C.nine  
4. D.eighteen

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Q 8 :

In Reddin’s Tridimensional Grid’, which one of the following is a less effective style of leadership?

1. A.Developer    
2. B.Missionary
3. C.Executive   
4. D.Bureaucrat

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Q 9 :

Assertion (A) : Attribution theory is based on relationship between personal perception and interpersonal behaviour.
Reasoning (R) : Since most ‘whys’ are not directly observable, people must depend upon cognitions, particularly perception.
Codes :

1. A.(A) is right but (R) is wrong.
2. B.(A) is wrong but (R) is right.
3. C.Both (A) & (R) are right but (R) doesnot explain (A).
4. D.Both (A) & (R) are right and (R) explains (A).

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Q 10 :

Arrange the following steps of training and development process in the right sequence :
(a) Need analysis
(b) Validation
(c) Evaluation
(d) Implement the programme
(e) Instructional design

1. A.(a), (e), (d), (c), (b)  
2. B.(a), (e), (c), (b), (d)
3. C.(a), (e), (b), (d), (c)  
4. D.(a), (b), (e), (c), (d)

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Q 11 :

The following is the demand function :
Q =100-5P
What will be the point price elasticity of demand at price 10?

1. A.2.00
2. B.1.00
3. C.0.85
4. D.0.50

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Q 12 :

Match the items of List-1 with the items of List-2  and select the code of correct matching :
List-1
(a) sales revenue maximization
(b) maximization of a firm's growth rate
(c) maximization of managerial utility function
(d) Satisficing behaviour model
List-2
(1) Williamson's model
(2) Cyert-March Hypothesis
(3) Baumol's Theory
(4) Marri's Theory

1. A.Codes:
   (a)   (b)   (c)   (d)
   (3)   (4)   (1)   (2)
2. B.(1)  (2)  (4)  (3)
3. C.(2)  (3)  (1)  (4)
4. D.(4)  (3)  (2)  (1)

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Q 13 :

Assertion (A) : the perceived risk of operating a domestic firm in international environment is much higher.
Reason (R) : the international environment is more volatile and the domestic firm generally does not have full information about the environment.

1. A.Codes :
   Both (A) and (R) are correct.
2. B.Both (A) and (R) are incorrect.
3. C.(A) is correct while (R) is incorrect.
4. D.(A) is incorrect while (R) is correct.

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Q 14 :

Statement-1 : the accept-reject approach is adopted generally when a firm has a large amount of funds to invest in several projects at the same time.
Statement-2 : Both the NVP and the IRR methods of investment appraisal are based on discounted cash flow approach.

1. A.Both the statements are correct.
2. B.Both the statements are incorrect.
3. C.Statement-1 is correct while statement-2 is incorrect.
4. D.Statement-1 is incorrect while statement-2 is correct.

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Q 15 :

Which process is used by a person (perceiver) to deal with conflicting messages and conflicting data?

1. A.Halo effect
2. B.The process of checking
3. C.Perceptual defence
4. D.The process of reacting

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Q 16 :

The basic Emphasis of________ theory of organisational design is on flat structure, decentralization and provision of informal organisation.

1. A.Neo-classical theory
2. B.Modern Theory of systems approach
3. C.Matrix organisation theory
4. D.Classical Theory

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Q 17 :

The result variables as the component of mathematical model for measuring system's effectiveness and efficiency in management science include_________

1. A.Measures of performance
2. B.Measures of effectiveness
3. C.Payoffs and outcomes
4. D.All the above

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Q 18 :

Assertion (A) : Reinforcement plays a central role in the learning process.
Reason (R) : Reinforcement strengthens the response preceding it and induces repetitions of the response.

1. A.Codes :
   Both (A) and (R) are correct.
2. B.(A) is correct and (R) is the right explanation of (A)
3. C.(A) is correct but (R) is incorrect.
4. D.Both (A) and (R) are incorrect.

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Q 19 :

Most job descriptions contain sections that cover.

1. A.Responsibilities and duties
2. B.Job summary
3. C.Working conditions
4. D.All of the above

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Q 20 :

Match the items of List-1 with the items of List-2 The items related to evoluation and follow-up of training process.
List-1
(a) Results
(b) Learning
(c) Reaction
(d) Behaviour
List-2
(1) Document the learner's immediate response to the training.
(2) Note supervisor's reactions to learner's performance following completion of the training.
(3) Use feedback devices or pre and post tests to measure what learners have actually gained.
(4) determine the level of improvement in job performance.

1. A.Codes :
   (a)  (b)  (c)  (d)
   (3)  (2)  (1)  (4)
2. B.(4)  (3)  (1) (2)
3. C.(1)  (2)  (3)  (4)
4. D.(4)  (1)  (3)  (2)

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Q 21 :

Which one of the following assumptions is not related to consumer behaviour based on the Cardinal utility approach ?

1. A.Rationality
2. B.Diminishing marginal utility of money
3. C.Utility cardinally measurable
4. D.Maximization of satisfaction with limited money income

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Q 22 :

Statement 1 : a rectangular hyperbola shaped demand curve has uniform slopes on all its points.
Statement 2 : If the price elasticity is equal to Unity, the marginal revenue corresponds to zero.

1. A.Codes :
   both the statements are correct.
2. B.both the statements are incorrect.
3. C.statement 1 is correct while Statement 2 is incorrect.
4. D.Statement 1 is incorrect while Statement 2 is correct.

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Q 23 :

Match the items of list-1 with the items of list-2 and find the correct combination :
List-1 (Market Structure)
(a) Perfect competition
(b) Oligopoly
(c) Monopoly
(d) Monopolistic competition
List-2 (Nature of industry where prevalent)
(1) Aluminium and passenger cars
(2) public utilities like telephones and electricity
(3) manufacturing : T.V sets, refring-erators
(4) Farm Products : Grains

1. A.Codes :
   (a)  (b)  (c)  (d)
   (1)  (2)  (3)  (4)
2. B.(4)  (1)  (2)  (3)
3. C.(3)  (4)  (1)  (2)
4. D.(2)  (3)  (4)  (1)

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Q 24 :

Statement-1 : In general, the MVP and IRR methods lead to the some acceptance or rejection decision when a single project is involved.
Statement-2 : The inconsistency in ranking of competing projects as per the NVP and IRR methods lies in the implicit assumptions with regard to different rates of returns on re-investment of intermediate cash flows.

1. A.Codes :
   both statements are.
2. B.both statements are incorrect.
3. C.Statement-1 is correct while Statement-2 is incorrect.
4. D.Statement-1 is incorrect while Statement-2 is correct.

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Q 25 :

Which one of the following is not covered in macro-economics?

1. A.performance of the entire economy
2. B.price and output determination of a commodity
3. C.factors and forces of Economics fluctuations
4. D.Monetary and fiscal policies

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Q 26 :

Match the below mentioned aspects with their main behavioural disciplines :
Aspects
(a) Leadership and stress
(b) Group conflict management
(c) Cross-culturalanalysis
(d) Power
Behavioural discipline
(1) Psychology
(2) Anthropology
(3) Sociology and Psychology
(4) Political Science

1. A.Codes :
   (a)  (b)  (c)  (d)
   (4)  (1)  (2)   (3)
2. B.(2)  (3)  (1)  (4)
3. C.(1)  (4)  (2)  (3)
4. D.(4)  (2)  (3)  (1)

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Q 27 :

The operant conditioning on learning approach to behaviour is based on............

1. A.Law or Reinforcement
2. B.Law of effect
3. C.Law of reproduction
4. D.Law of expectations

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Q 28 :

The principles by which the process of perceptual organisation works was first identified by Max wertheimer in the year.........

1. A.1918 
2. B.1933
3. C.1924 
4. D.1923

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Q 29 :

The..........Leadership theory of............ describes that effective group performance depends on the proper match between the leader's style if interacting with his subordinates and the degree to which the situation gives control and influence to the leader.

1. A.'Iowa State Leadership Studies';
2. B.Ronald Luppitt and Ralph K. White
3. C.'Managerial Grid'; Blake and Mouton
4. D.'Trait Theory'; Stodgill and Barnard
5. E.'Contingency Model'; Fred Fielder

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Q 30 :

when one  individual or group wins at the expense of another individual or group, it is termed as..........

1. A.Zero-sum conflict
2. B.Non-zero sum conflict
3. C.Line-staff conflict
4. D.Formal-informal conflict

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Q 31 :

If the demand for using the Noida Express way is given by :
Q = 40,000 - 2500 P
Where Q is the number of users (vehicles) and P is the amount of toll collected per unit who uses the express way. In light of this information which of the following is true :

1. A.At P = Rs.6 and Q = 14000; demand is price inelastic.
2. B.At P =  Rs.7 and Q = 16,500; demand is unitary elastic.
3. C.At P = Rs. 4 and Q = 9500; demand is Price elastic.
4. D.All of the above

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Q 32 :

If a 100 % scale -efficient plant has 92 % technical efficiency and 88.5 % allocative -efficiency, thrn its overall efficiency will be :

1. A.88.5 %
2. B.90.25 %
3. C.93.0 %
4. D.81.42 %

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Q 33 :

The market share data for an industry, comparison five companies, it's given below :
Company.                       Market Share (%)
 A.                                       35
 B.                                        25
 C.                                        18
 D.                                        12
E.                                       10
This  industry's three- firms Herfindahl-Hirschman index shall be :

1. A.0.234
2. B.0.217
3. C.0.151
4. D.0.0175

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Q 34 :

For an economy which consists of single automobile maker and that in Year 2014, 30000 vehicles are produced with an average price of 500000 lakh. For this economy what would be the increase in the nominal GDP for 2015 compared with 2014 with the 4 % greater automobile production and 8% inflation.

1. A.4.0 %
2. B.12.0 %
3. C.6.0 %
4. D.12.32 %

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Q 35 :

Demand Policies targeted to reduce the unemployment become ineffective in presence of the following :

1. A.Vertical Phillips curve
2. B.Money Illusion and ignorance among workers
3. C.Horizontal Phillips curve
4. D.None of the above

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Q 36 :

An individual's involvement with, satisfaction and enthusiasm for, the work he does, is knows as :

1. A.Employee engagement
2. B.Job involvement
3. C.Job satisfaction
4. D.Organisational commitment

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Q 37 :

which of the following is not pereceived as the basic element of motivation ?

1. A.Direction
2. B.Intensity
3. C.Performance
4. D.Persistence

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Q 38 :

A theory of motivation that is concerned with the beneficial effects of intrinsic motivation and the harmful effectz of extrinsic motivation, is termed as :

1. A.Cognitive Evaluation Theory
2. B.Self -efficiency Theory
3. C.Self- determination Theory
4. D.Two -factor Theory

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Q 39 :

Match the item of list-I with those of List-II
  List-I.                              List-II
Behavioural Science.            Contribution
A. anthropology.                   (i) Attitude change
B. Psychology.                    (ii) Attitude measurement
C. Social Psychology.          (iii) Conflict
D. Sociology.                       (iv) Organisational culture

1. A.Codes :.    
   (a).         (b).          (c).           (d)
   (i).         (ii)           (iii)            (iv)
2. B.(iv)          (ii).           (i).            (iii)
3. C.(iv)          (ii).           (iii).           (i)
4. D.(ii)           (ii).           (iii).            (i)

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Q 40 :

A relatively stable set of characteristics that influence and individual's behaviour is known as :

1. A.Attitude
2. B.Learning
3. C.Perception
4. D.Personality 

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Q 41 :

In the market- oriented system, for the allocation of resources which one the following is the most appropriate convevyor of information ?

1. A.Finance Ministry
2. B.Central Bank
3. C.Market Price
4. D.Advertisement Expenditure 

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Q 42 :

A company supplies 20 units of a particular products per month, at a price of Rs 10 per unit. Is price elasticity of supply is 5, how many units would be company supply at a price of Rs 15 ?

1. A.50
2. B.70
3. C.40
4. D.5

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Q 43 :

Which characteristic is not likely to be a part of perfect competition ?

1. A.Absence of indepence
2. B.Deadweight loss is non-existent
3. C.Strong rivalry
4. D.Absence of advertisement

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Q 44 :

Match the items given in List-I and List-II by considering which of the following are macroeconomic issues and which are macroeconomic ones :
           List-I.                                                                      List-II
a. The level of government revenue.                         (i) Microeconomic
b. The rate of inflation                                                (ii) Microeconomic
c. The price of T.V. set
d. The amount saved last year by households

1. A.Codes :
   (a).             (b).            (c).             (d)
   (ii).              (i).             (i).             (ii)
2. B.(ii).             (i).             (ii).             (i)
3. C.(i).             (ii).            (ii).             (ii)
4. D.(ii).           (ii).             (i).             (ii)

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Q 45 :

In the recent years, World economy has witnessed the unfluence of unconventional monetary policy of the U.S.A. This policy stanse is known as :

1. A.Bank rate
2. B.Taylor rule
3. C.Reserve Requirement
4. D.Quantitative easing

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Q 46 :

Rita, a young enthusiastic manager has joined an organisation as a Project coordinator.  The project head counsels her to socialize less with non- management employees; whereas the product head tells her to learn more about market issues. She should socialize more with the non-management employees. Rita is confused, she is facing :

1. A.Inter-role conflict
2. B.Intra-role conflict
3. C.Interdepartmental conflict
4. D.Hierarchical Conflict

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Q 47 :

List-I consists of Motivation theories and List-II consists of the Motivation theorists. You have to match them and indicate the correct match as per code :
    List - I.                                        List-II
a. Two-factor theory                            (i) David McClrlland
b. ERG theory.                                  (ii) Fredrik Herzberg
c.Theory X and Therory Y.                  (iii) Douglas McGrrgor
d. Need theory.                                 (iv) Clayton Alderger

1. A.Codes :
   (a).             (b).            (c).             (d)
   (ii).              (iv).             (iii).             (i)
2. B.(i).              (ii).             (iii).             (iv)
3. C.(i).              (iv).            (ii).             (iii)
4. D.(iv).            (iii).             (ii).             (i)

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Q 48 :

The conflict over content and goals of the work is called :

1. A.Functional conflict
2. B.Process conflict
3. C.Relationship conflict
4. D.Task conflict

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Q 49 :

............. theory of motivation ignores the inner state of the individual and concentrate solely on what happen when he or she take some action :

1. A.Equity
2. B.Expectancy
3. C.Goal- setting
4. D.Reinforcement

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Q 50 :

In the "Big Five" personality factors widely accepted personality traits are mentioned. The trait of being dependable, organised, conforming and persevering on tasks is called :

1. A.Extroversion
2. B.Conscientiousness
3. C.Agreeableness
4. D.Emotional stability 

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