29 + Interview Questions in Quantitative Techniques For Management Interview Questions in Quantitative Techniques For Management Tutorial Page 1 InterviewSolution

1.	The Total Salary Of Workers Of Tol Enterprise In 2007 Is N17.4 X 106 While It Is N13.2 X 106 In 2004. Calculate The Percentage Average Index In 2007 Using 2004 As Base Year?
Answer» ANSWER :131.81

Discussion

2.	The Main Purpose Of Allocating Goods From One Destination To Another Is To?
Answer» MINIMIZE COST. minimize cost.

2.

The Main Purpose Of Allocating Goods From One Destination To Another Is To?

Answer»

MINIMIZE COST.

minimize cost.

Discussion

3.	The Inequalities In A Minimization Problem Must Be?
Answer» GREATER than or EQUAL to. greater than or equal to.

3.

The Inequalities In A Minimization Problem Must Be?

Answer»

GREATER than or EQUAL to.

greater than or equal to.

Discussion

4.	The Set Of Some First Generation Banks Is Given As {uba, Fbn, Ubn, Wema}. Find The Cardinality Of All Possible Subsets?
Answer» 16. 16.

4.

The Set Of Some First Generation Banks Is Given As {uba, Fbn, Ubn, Wema}. Find The Cardinality Of All Possible Subsets?

Answer»

16.

Discussion

5.	Equipment Components Need To Be Replaced Because?
Answer» ANSWER :they are OLD and they WEAR out.

Discussion

6.	The Matrix Inversion Method Of Solving A System Of Linear Equations Is Not Applicable, If The Matrix Of Coefficients
Answer» ANSWER :is a SINGULAR MATRIX.

Discussion

7.	If The Probability Of An Event A Occurring Is 0.7, Which Is Not Correct?
Answer» EVENT A will CERTAINLY OCCUR. Event A will certainly occur.

7.

If The Probability Of An Event A Occurring Is 0.7, Which Is Not Correct?

Answer»

EVENT A will CERTAINLY OCCUR.

Event A will certainly occur.

Discussion

8.	Which Are The Accounting Entries For The Return Of Unused Direct Materials From Production?
Answer» STORES CONTROL ACCOUNT in DEBIT and Work-in-progress account in CREDIT. Stores Control account in debit and Work-in-progress account in credit.

8.

Which Are The Accounting Entries For The Return Of Unused Direct Materials From Production?

Answer»

STORES CONTROL ACCOUNT in DEBIT and Work-in-progress account in CREDIT.

Stores Control account in debit and Work-in-progress account in credit.

Discussion

9.	Absorption Costing Is Concerned With?
Answer» VARIABLE and FIXED COSTS. variable and fixed costs.

9.

Absorption Costing Is Concerned With?

Answer»

VARIABLE and FIXED COSTS.

variable and fixed costs.

Discussion

10.	Which Costing Methods Is Most Likely To Be Used By A Company Involved In The Production Of Beverages?
Answer» PROCESS COSTING. Process Costing.

10.

Which Costing Methods Is Most Likely To Be Used By A Company Involved In The Production Of Beverages?

Answer»

PROCESS COSTING.

Process Costing.

Discussion

11.	Which Is Or Are Likely To Use Service Costing?
Answer» UNIVERSITY and FIVE STAR HOTEL University and Five Star Hotel

11.

Which Is Or Are Likely To Use Service Costing?

Answer»

UNIVERSITY and FIVE STAR HOTEL

University and Five Star Hotel

Discussion

12.	Which Statements About Profit-volume Graphs Is Or Are Correct?
Answer» Any point on the profit-volume line above the x-axis INDICATES the profit (as MEASURED on the VERTICAL axis) at that LEVEL of activity and The profit-volume line crosses the x-axis at the break-even point Any point on the profit-volume line above the x-axis indicates the profit (as measured on the vertical axis) at that level of activity and The profit-volume line crosses the x-axis at the break-even point

12.

Which Statements About Profit-volume Graphs Is Or Are Correct?

Answer»

Any point on the profit-volume line above the x-axis INDICATES the profit (as MEASURED on the VERTICAL axis) at that LEVEL of activity and The profit-volume line crosses the x-axis at the break-even point

Any point on the profit-volume line above the x-axis indicates the profit (as measured on the vertical axis) at that level of activity and The profit-volume line crosses the x-axis at the break-even point

Discussion

13.	Information On Standard Rates Of Pay Would Be Provided By
Answer» a HUMAN RESOURCE MANAGER. a Human Resource Manager.

13.

Information On Standard Rates Of Pay Would Be Provided By

Answer»

a HUMAN RESOURCE MANAGER.

a Human Resource Manager.

Discussion

14.	Which Would Help To Explain A Favorable Direct Labour Efficiency Variance?
Answer» Answer :Employees were of a HIGHER skill level than SPECIFIED in the standard, Suggestions for improved WORKING methods were IMPLEMENTED and Better quality MATERIALS were easier to process.

Discussion

15.	Which Is/are Correct With Regard To Stocks?
Answer» Stock-outs arise when too LITTLE stock is HELD and Safety stock is the LEVEL of units MAINTAINED in case there is UNEXPECTED demand. Stock-outs arise when too little stock is held and Safety stock is the level of units maintained in case there is unexpected demand.

15.

Which Is/are Correct With Regard To Stocks?

Answer»

Stock-outs arise when too LITTLE stock is HELD and Safety stock is the LEVEL of units MAINTAINED in case there is UNEXPECTED demand.

Stock-outs arise when too little stock is held and Safety stock is the level of units maintained in case there is unexpected demand.

Discussion

16.	Which Is Used To Establish The Economic Batch Quantity?
Answer» ANSWER :CUMULATIVE PRODUCTION QUANTITY.

Discussion

17.	Which Of The Costs Stated May Be Described As Remaining Constant Over A Certain Activity Range And Then Increasing But Remaining Constant Again Over A Revised Activity Range In The Short Term?
Answer» STEPPED COST. stepped cost.

17.

Which Of The Costs Stated May Be Described As Remaining Constant Over A Certain Activity Range And Then Increasing But Remaining Constant Again Over A Revised Activity Range In The Short Term?

Answer»

STEPPED COST.

stepped cost.

Discussion

18.	In The Short-term Decision-making Context, Which One Would Be A Relevant Cost?
Answer» ANSWER :COST of SPECIFIC MATERIALS which will be PURCHASED.

Discussion

19.	Which Of The Groups Of Workers Would Be Classified Under Indirect Labor?
Answer» ANSWER :MAINTENANCE WORKERS in a shoe and bag FACTORY.

Discussion

20.	Fred Rich V. Taylor Developed The _________management Principle?
Answer» ANSWER :SCIENTIFIC.

Discussion

21.	Managerial Criticism Had Become _________?
Answer» ANSWER :COMPLEX.

Discussion

22.	Managerial Science Had _________ The Organization?
Answer» ANSWER :FACILITATE.

Discussion

23.	Quantitative Factors Are Considered In _________?
Answer» ANSWER :decision-making.

Discussion

24.	Once The _________ In Tested And Validated. It Is Ready For Implementation?
Answer» ANSWER :MODEL.

Discussion

25.	Model Docs Not Facilitates Manager To Take Decisions?
Answer» ANSWER :No.

Discussion

26.	The Methodology Helps Us In Studying The Scientific Method?
Answer» ANSWER :YES.

Discussion

27.	Key Decision And Objective Of The Problem Must Be Identified?
Answer» ANSWER :YES.

Discussion

28.	A Factor Is Des Eloped To Suit The Problem?
Answer» ANSWER :No.

Discussion

29.	Accurate Data For Input Values Are Essential?
Answer» ANSWER :YES.

Discussion

Explore topic-wise InterviewSolutions in .

The Total Salary Of Workers Of Tol Enterprise In 2007 Is N17.4 X 106 While It Is N13.2 X 106 In 2004. Calculate The Percentage Average Index In 2007 Using 2004 As Base Year?

The Main Purpose Of Allocating Goods From One Destination To Another Is To?

The Inequalities In A Minimization Problem Must Be?

The Set Of Some First Generation Banks Is Given As {uba, Fbn, Ubn, Wema}. Find The Cardinality Of All Possible Subsets?

Equipment Components Need To Be Replaced Because?

The Matrix Inversion Method Of Solving A System Of Linear Equations Is Not Applicable, If The Matrix Of Coefficients

If The Probability Of An Event A Occurring Is 0.7, Which Is Not Correct?

Which Are The Accounting Entries For The Return Of Unused Direct Materials From Production?

Absorption Costing Is Concerned With?

Which Costing Methods Is Most Likely To Be Used By A Company Involved In The Production Of Beverages?

Which Is Or Are Likely To Use Service Costing?

Which Statements About Profit-volume Graphs Is Or Are Correct?

Information On Standard Rates Of Pay Would Be Provided By

Which Would Help To Explain A Favorable Direct Labour Efficiency Variance?

Which Is/are Correct With Regard To Stocks?

Which Is Used To Establish The Economic Batch Quantity?

Which Of The Costs Stated May Be Described As Remaining Constant Over A Certain Activity Range And Then Increasing But Remaining Constant Again Over A Revised Activity Range In The Short Term?

In The Short-term Decision-making Context, Which One Would Be A Relevant Cost?

Which Of The Groups Of Workers Would Be Classified Under Indirect Labor?

Fred Rich V. Taylor Developed The _________management Principle?

Managerial Criticism Had Become _________?

Managerial Science Had _________ The Organization?

Quantitative Factors Are Considered In _________?

Once The _________ In Tested And Validated. It Is Ready For Implementation?

Model Docs Not Facilitates Manager To Take Decisions?

The Methodology Helps Us In Studying The Scientific Method?

Key Decision And Objective Of The Problem Must Be Identified?

A Factor Is Des Eloped To Suit The Problem?

Accurate Data For Input Values Are Essential?