Practice Test

Q1) The main conclusion(s) about the personnel director that emerge(s) from this situation is ( are) :
I. The personnel director did not have the competence to manage an employee feedback survey, and should have been the task to a professional consultant.
II. The personnel director was responsible for employees' reactions.
III. The personnel director had failed in his duty of maintaining constant touch with employees.
IV. The cost of air-conditioning is a waste, since its beneficiaries did not feel any benefit. Show Answer

Q2) Management of Top-Cloth Cotton Mill considers itself to be socially conscious and its decisions are often re-examined for their social relevance and the impact on society. In view of this consideration, what could have been considered before deciding on profit sharing ?
I. communicating management's intentions via employees newsletters.
II. taking employee's inputs in designing the cafeteria's interiors and installation of airconditioning.
III. considering employee's view on different ways of sharing excess profits.
IV. investing in capacity expansion to take care of the booming export market.
V. dividing the profits equally among the workers and shareholders.
The options in decreasing order of their impact on society Show Answer

Q3) This decision-making situation best highlights Show Answer

Q4) What is the expected present value with choice 2 ? Show Answer

Q5) Which of the following statement(s) is/are true ?
(1) Choice 1 is more profitable than choice 2.
(2) Choice 3 is more profitable than choice 2.
(3) Choice 1 is more profitable than choice 3.
(4) Choice 1 & Choice 3 combined together have same expected present value as choice 2.
Choose the correct option : Show Answer

Q6) If the chance of a geological test showing a success reduces to 60 : 40, the expectation of success in drilling ( if successful tests have been carried out ) becomes 70 : 30 and the expectation of success drilling ( if the tests indicate failure) becomes 40 : 60 then, which of the following is/ are correct ?
(1) The EV for choice 2 decreases by 11.8 % (approx).
(2) The EV for choice 2 decreases by 13.5 % (approx).
(3) Choice 1 is more profitable than choice 3.
(4) Choice 2 is more profitable than choice 1
Choose the correct option : Show Answer

Q7) Which of the following is correct ?
(1) If successful tests are conducted then EV of drilling is less than that of selling.
(2) If tests conducted indicate failure then EV of selling is higher than that of drilling.
(3) If tests conducted indicate failure then EV of drilling is a loss of 15 million.
(4) If successful tests are conducted then EV of selling is 15.
Choose the correct option : Show Answer

Q8) Which of the following is/are not most important factor(s) of the both companies ?
(1) Shrinking profit margins
(2) Increasing expenditure on advertising
(3) Spurious product in the market
(4) Fees of the consultancy firms
Choose the correct answer from the options given below. Show Answer

Q9) From the details of entire episode, we may conclude that Show Answer

Q10) The most important objective of both companies, for this entire episode could be Show Answer

Q11) Which of the following options could be a major assumption in making the decision ? Show Answer

Q12) The gain mentioned y Mr Sastry at the AGM ( zero taxation due to R & D ) can be classified as Show Answer

Q13) The expected present value of the five year cumulative profit with choice 3 is : Show Answer

Q14) Which of the following statement is TRUE ? Show Answer

Q15) If the distributor M/s James claims a coverage of 55 % instead of 75 % and probability of this claim to be true is 0.70 instead of 0.20 then which of the following statement is true ? Show Answer

Q16) Based on the analysis of the business situation, which of the following could be a main objective of Bharat Electric Company ? Show Answer

Q17) Which of the following options could not be a major assumption in marketing decision ? Show Answer

Q18) The most important casual factor for this entire episode could be Show Answer

Q19) The expansion desired by Bharat Electric Company is motivated by Show Answer

Q20) The issue of 'Commerce' Show Answer

Q21) Which of the following is a major objective of ABC company ? Show Answer

Q22) Of the options given below, which could have been better response from Mr. Kansal ? Show Answer

Q23) Consider following factors of ABC company.
1. Financial resources of ABC
2. Cost's of ABC's advertising campaign
3. Urbanization of the population
4. Rs 10,000 cost for one additional machine
5. Popularity of ready-mix.
Which of the above factors are arranged in major to minor issue of ABC company ? Show Answer

Q24) The options given below show the combinations of possible root cause of the problem and the justification thereof.
1.
Kansal wanted to know whether a small company like ABC could battle for a share of the ready-mix market against much bigger competitors.
REASON : ABC would have to market a product which had some distinct advantage over competing product.
2.
ABC would have to differentiate its product from those already on the market, the best market strategy would be to charge a lower price than that of competing products.
REASON :
With a lower price ABC's ready-mix would sell well to the economy-minded housewife.
3.
Advertising was a problem for ABC.
REASON :
ABC could not emulate the sort of advertising campaign used by existing ready-mix manufacturer.
4. Management was particularly receptive to Jain's idea.
REASON :
Production of ready-mixes would require only minor change in personnel and the cost of additional machinery would be relatively small.
Which can be inferred to be the best option ? Show Answer

Q25) Which of the following option could be an important assumption in making the decision ? Show Answer

Q26) Which of the following best describes the purpose of the statement in bold ( Agriculture ..... income ) ? Show Answer

Q27) As a business manager, what was not a major motivation behind using 'CRDP' model ? Show Answer

Q28) What would have been a wrong decision as a manager in the context of 'CRDP' programme of TCL ? Show Answer

Q29) For long term sustainability of TKS as a concept a manner should not ? Show Answer

Q30) Transition from TKK to TKS was logical for TCL because : Show Answer

Q31) Following are the most common reasons cited for rising conflicts :
(I) Difference of opinion on facts.
(II) Difference of opinion on methods
(III) Difference of opinion on objectives
(IV) Difference of opinion on values
The correct option, in increasing order of the difficulty of the conflict arising from these reasons, is Show Answer

Q32) Which of the following is the right reason for the conflict in the present situation ? Show Answer

Q33) Which of the following is (are) correct in the context of the present situation ?
(1) By re-assigning the territories for the salesman, the RSM has given his a GBCce and supported Ganesh.
(2) The RSM has given responsibilities to Ganesh but forgot to empower him.
(3) The RSM knew that Ganesh is overburdened so he did his job so as to reduce Ganesh's work pressure.
(4) Ganesh sought participation and involvement, while his RSM was focused on expediency, causing stress and friction.
(5) Both Ganesh and his RSM were focused on a common objective of increasing sales. Show Answer

Q34) Babitha played a game where in she had three options with following probabilities : 0.4, 0.5 and 0.8. The gains from three outcomes are likely to be $ 100, $ 80 and $ 50. An expert has pointed out that Babitha is a risk taking person. According to expected utility hypothesis, which option is Babitha most likely to favour ? Show Answer

Q35) Continuing with previous question, suppose Babitha can only play one more game, which theory would help in arriving at better decision : Show Answer

Q36) Bablu had four options with probability of 0.1, 0.25, 0.5 and 1. The gains associated with each options are : $ 1000, $ 400, $ 200 and $ 100 respectively. Bablu choose the first option. As per expected value of hypothesis : Show Answer

Q37) Suppose instant and further utility of each unit of gain is same for Babu.Babu has decided to play as many times as possible before he dies. He expected to live for another 50 years. A game does not last more than ten seconds. Babu is confused which theory to trust for making decision and seeks help of a renowned decision making consultant : Roy Associated. What should be Roy Associates' advice to Babu ? Show Answer

Q38) The second best option ( in terms of travel time ) gives a total travel time of .... hours for the entire itinerary. Show Answer

Q39) Due to winter fog, flights out of Delhi have become uncertain and unreliable. Given this constraint, the itinerary Ram should adopt to have the best probability of reaching Ajmer on time is : Show Answer

Q40) Ram's younger brother Shyam gets to know of Ram's travel plans and wants to come along. As against his brother, Shyam enjoys scenery enroute and wants Ram to maximize the travel time. To do so, the itinerary that Ram should decide upon is :
(I) Delhi - Bharatpur by train; Bharatpur to Jodhpur by bus, Jodhpur to Jaipur by bus ; Jaipur to Ajmer by bus.
(II) Delhi - Bharatpur by bus; Bharatpur to Jodhpur by bus, Jodhpur to Jaipur by taxi; Jaipur to Ajmer by taxi.
(III) Delhi-Bharatpur by bus; Bharatpur to Jodhpur by bus, Jodhpur to Jaipur by bus; Jaipur to Ajmer by bus.
(IV) Delhi-Bharatpur by taxi; Bharatpur to jodhpur by bus, Jodhpur to Jaipur by taxi; Jaipur to Ajmer by bus.
(V) Delhi- Bharatpur by taxi; Bharatpur to Jodhpur by taxi, Jodhpur to Jaipur by taxi; Jaipur to Ajmer by taxi. Show Answer