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Practice Test -Management

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1. Five steps of small business development shall occur in the order of



2.
Statement I: One of the key factors impacting on Production Managers is that the country’s borders no longer provide protection from foreign imports due to globalization.
Statement II: To succeed in global competition, Production Management of Companies must make a commitment to innovate products and services with high quality at low prices.



3.
Two statements are given below relating to sales promotion:
Statement – I: Sweep Stakes calls for consumers to submit an entry to be examined by a panel of judges who will select the best entry.
Statement – II: A contest asks consumers to submit their names in a drawing.
Choose the most appropriate answer from among the options given relating to the statements:



4. Lawrence Kohlberg, in his six stage model of cognitive development, explains:



5. Goals-driven planning is best explained by



6. Tukey Kramer Test is applied when



7. The term inventory includes



8.
Statement – I: Operations research seeks to replace intuitive decision making for large complex problems with an approach that identifies the optimal or best alternative through analysis.
Statement – II: Operations Managers have adopted the approaches and techniques of operations research to improve their decision-making.



9.
Arrange the following steps, involved in the estimation of a demand function using econometric analysis, in the proper order
(i) Collection of data
(ii) Estimating the parameters of the model
(iii) Mathematical specification of the relationship among the variables
(iv) Using the estimates to arrive at the estimates of variables.
(v) Identification of variables



10. Which of the following condition is true about determinants and strengths of positioning strategy?



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