This section includes 7 InterviewSolutions, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
What is scientific management Business Studies question |
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Answer» The origin of the term scientific management can be traced to Charles Babbage, who DISCUSSED the principles of scientific management in his book. “The Economy of Manufacturers” PUBLISHED in 1832. But the person, who POPULARIZED scientific management MOVEMENT and made it universally acceptable, is DR. F.W Taylor He is called as “Father of Scientific Management’. |
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| 2. |
Comparison between Management and Organisation with conclusion |
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Answer» Flag on the RED Fort is can only be done by the Prime MINISTER of INDIA it cannot be done by the president |
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| 3. |
Comparison between Management and Organisation |
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Answer» Flag on the Red Fort is can only be done by the Prime MINISTER of India it cannot be done by the president |
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| 4. |
If the partnership is silent, interest on partner loan? |
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Answer» If the PARTNERSHIP is SILENT, interest on partner loan is EQUAL with both |
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| 5. |
Task-centered conflicts are focused around tasks at hand and involves disagreements among the team members about goals and the tasks being performed. Explain three strategies team leaders may explore to minimize task-centered conflicts from happening? |
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Answer» The Task-centered conflicts are focused around tasks at hand and INVOLVES DISAGREEMENTS AMONG the team MEMBERS about goals and the tasks being PERFORMED. using calamine |
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| 6. |
Explain with examples difference among effectiveness,efficient and productive related to performing the tasks in construction |
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Answer» The EFFECTIVENESS,efficient and PRODUCTIVE related to PERFORMING the tasks in CONSTRUCTION provides DIFFERENCES |
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| 7. |
Explain the concept of consumption,savings and investment and discuss their determinates |
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Answer» The main hypothesis of Keynes is that the real consumption depends on disposable income. This hypothesis you can express like this: C = C(Y). In that case consumption (C) and disposable income (Y) are measured in units. [1] Kenynes also said that people enhance consumption when their disposable income increases. But the increase of consumption is smaller than the increase of disposable income. This hypothesis you can describe with the marginal propensity to consume. It describes the increase of consumption when disposable income rises. [2] The marginal propensity to consume is defined as C’ = = Because of the fundamental-psychological law the marginal propensity to consume is between “0” and “1”. [3] 0 < < 1. When the marginal propensity to consume is 0.8, consumption increases 0.8 units. At once disposable income increases one unit. The fundamental-psychological law is fullfilled because increase of consumption is smaller than increase of disposable income. When 0.8 units are used for consumption the remaining 0.2 units are obviously used for savings. The proof is expressed by following formula: Y = C + S 1 = 0.8 + S I – 0.8 S = 0.2 . Therefore we define the marginal propensity to save money as differential quotient dS /dY. The marginal propensity to save shows how much the savings grow due to increasing disposable income. Through differentiation of the budget restriction after Y you can SEE that after adding the marginal propensity to consume and the marginal propensity to save the result always amounts “1”. = 1 I = . That shows you that every additional income has to be used either way. [4] The formula below is the consumption function: C = Caut + C’ · Y . Caut is autonomous consumption. You can interpret the consumption function like a normal formula which you know from MATHEMATICS. Therefore Caut is the intersection point with the ordinate and C’·Y the gradient. The last formula which is important to know concerning the consumption function according to Keynes is the consumption rate. It serves to find out which quantity of disposable income is used for consumption. The formula is c:= . [5] So far almost always mathematical background has been mentioned. But it is also necessary and maybe easier to summarize consumption in my own words. This will help to explain the relationship between consumption, savings and investments according to Keynes. We expect, that the average consumption and disposable income was 1700€ and 2000€. In a formular you find following average propensity to consum: c0 = = 0.85. The result says that 85% of disposable income is used for consumption. One year later the disposable income increases more than the consumption expenditures: c1 = = 0.84. The result says that now 84% of disposable income is used for consumption. Now it is possible to CALCULATE the marginal propensity to consum. C’ = = = . Now you see that consumption increases 0.75 units when disposable income increases about 1 unit. While explaining the consumption function different facts were metioned. Also consumptions and savings. One word is still missing – investments. In the consumption function according to Keynes investements have not been borne in mind. There is only a relationship between consumption and savings. It was mentioned that you have an disposable income which you use for your consumption expenditures. When consumption does not exceed the disposable income you have a specified amount which you can save. This is expressed by this formular: Y = C + S 1 = 0.6 + S I – 0.6 S = 0.4 . Consumption is 0.6 units. Therefore you are able to spend 0.4 units. But when you take a LOOK at the incomne-expenditure model or the equilibrium for good markets [8] you find other different relations between consumption, savings and investments. [9] The first important formular is Y = C + I + G. This formular describes the equation for equilibrium in the goods market. [10] Immediately you find consumption, investments and government spending. You see that there is an existing relationship. Now there is the possibility to “play” with the formular what could be interesting to identify the different relationships. Therefore taxes (T) and consumption (C) have to be subtracted from Income (Y). It is also necessary to subtract taxes from government spending. The new formular looks like this: Y – T – C = I + G – T. We know that S = Y – T -C takes effect. Therefore the term reads S = I + G – T . The term on the left side is private saving. On the right side you find investment (I) and public savings (G – T). The government is able to run a budget surplus. This happens when taxes exceed government spending. But when government spending is higher than taxes there is a budget deficit. That means that the country consumed too much. [11] |
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| 8. |
Explain in detail of the process of obtaining direct product profitability |
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Answer» The PROCESS of obtaining DIRECT PRODUCT profitability is reestablished desiring |
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| 9. |
Expanding a business through franchising helps in increasing costs reducing costs decreasing profits none of the above |
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Answer» A business through FRANCHISING HELPS in increasing COSTS reducing costs decreasing profits none of the above is barter |
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| 10. |
Draw diagrams for (i) a market, (ii) a typical consumer in that market, and (iii) a typical firm in that market, to show the short run and long run effects of an excise tax. Clearly label all important details, and discuss the logic of your analysis. A. Show a case in which the tax burden falls mostly on consumers. B. Show a case in which the tax burden falls mostly on firms. C. Show the typical case in which the tax burden is shared |
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Answer» The a MARKET, (ii) a typical consumer in that market, and (iii) a typical FIRM in that market, to show the short run and long run effects of an excise tax. Clearly label all important details, and discuss the logic of your ANALYSIS. A. Show a case in which the tax burden falls mostly on consumers. B. Show a case in which the tax burden falls mostly on firms. C. Show the typical case in which the tax burden is shared |
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| 11. |
Do you think that from a practicak point of view it is easier for an exporter to implement an fob contract? Discuss with examples and explain the legal implications of fob and cif contracts. |
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Answer» A practicak point of view it is easier for an exporter to IMPLEMENT an FOB CONTRACT by implications of fob and CIF |
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| 12. |
Domestic holding company sells goods to its domestic subsidiary. Does transfer pricing provisions applicable |
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Answer» The DOMESTIC HOLDING company sells GOODS to its domestic SUBSIDIARY. YES,it is applicable |
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| 13. |
Does international diversification offers great potential for increasing profit margins? Why or why not? |
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Answer» The international DIVERSIFICATION OFFERS great potential for increasing PROFIT MARGINS by increasing GST |
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| 14. |
Distinguish effects of different advertisement medium from the responses |
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Answer» The effects of different ADVERTISEMENT medium from the RESPONSES INDICATES passionate |
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| 15. |
Which of the following is something you'll probably want to exclude from your website? |
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| 16. |
Discuss the various types of surcharges that are usually levied on the basic freight rates |
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Answer» The various TYPES of SURCHARGES that are usually levied on the basic freight RATES are PREDICTABLE |
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| 17. |
Discuss the variousmerits and demerits of raising finance from financial institutions |
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Answer» The variousmerits and DEMERITS of RAISING finance from financial institutions DESCRIBE an I'll image in their FRONT |
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| 18. |
Discuss the value and benefits of consolidated information in decision making and problem solving. |
| Answer» PROTECTED ASSETS. LLCS provide limited liability protection to their owners (members), who are typically not personally responsible for the business debts and LIABILITIES of the LLC. Creditors cannot pursue the personal assets (house, savings accounts, etc.) of the owners to pay business debts. | |
| 19. |
How are the demand-side and supply-side economies of scale different? |
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Answer» The demand-side and supply-side ECONOMIES of SCALE DIFFERENT on the BASIS of megastructure |
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| 20. |
How a consumer movement become effective with active participation ofconsumer voice? |
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Answer» The CONSUMER MOVEMENT become effective with active participation ofconsumer VOICE due to AWARENESS and stable enough to tackke |
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| 21. |
Do you think diet coke could have been re-positioned to change consumers perception of it enough to be considered a drink equally appealing to men? Why or why not |
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Answer» A diet COKE could have been re-positioned to change consumers perception of it ENOUGH to be considered a drink equally appealing to men no...because it is harmful |
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| 22. |
Distinguish resource loading from resource leveling. Why is leveling of resources preferred to large fluctuations |
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Answer» The leveling of RESOURCES PREFERRED to LARGE fluctuations DUE to resources leveling |
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| 23. |
Describe three methods of documenting a work breakdown structure (wbs) for project management. |
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Answer» The methods of documenting a WORK breakdown STRUCTURE (WBS) for PROJECT management. are |
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| 24. |
Porter has designed a framework to help understand why certain countries achieve global competitive advantage in certain industries. It also helps internationalizing firms to make location decisions. The framework is called: |
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Answer» ,Porter has designed a framework to help understand why CERTAIN COUNTRIES achieve global competitive advantage in certain industries. It also helps internationalizing firms to make location decisions. The framework is called:HALLMARK |
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| 25. |
Describe the three physical factors that affect the location of any industry |
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Answer» Physical Factors: (i) Availability of Raw materials The FACTORY needs to be close to the location of raw material if they are HEAVY and bulky to TRANSPORT. For example, iron and steel industry is located near the source of raw material. (ii) Climate Climate plays a significant role in establishment of industries. Harsh climate is not much suitable for industries. Extremely hot, humid, dry or cold climate is not very conducive for industries. For example, cotton textile industry requires humid climate because thread BREAKS in dry climate. (iii) Water Source Water is an important factor that determines the location of industries. Water is required for various industrial processes. River water and waterfalls can also be USED to generate hydroelectricity. |
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| 26. |
Describe the steps involved in the processing of an export order. Discuss any four steps in detail. |
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Answer» 1. MARKET Research and SETTING Objectives of Distribution 2. Trade Regulations 3. Making Contacts Enquiries from interested OVERSEAS buyers Checking buyer's background from ECIC and / or banks 4. QUOTATION and Terms 5. Sales Contract:- Confirming the sales contract and terms of transaction such as payment terms 6. Contract Execution:- Producing or sourcing goods Packing and labelling Arranging shipment Preparing EXPORTS documentation Arranging insurance, if necessary 7. Customs Clearance:- Arranging export declaration and applying for export licence when necessary 8. Getting Paid:- Subject to the payment terms specified in the sales contract, the exporter should present the required documents to the relevant parties for payment |
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| 27. |
Payment of cash rewards for the work extracted from the employee is normally called |
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Answer» The Payment of CASH rewards for the WORK extracted from the EMPLOYEE is normally CALLED investment |
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| 28. |
Performance-based annual bonuses are an example of |
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Answer» YEAR-End Bonus' A year-end bonus (sometimes called a "Christmas bonus") is a reward PAID to an employee at the end of the year. Many year-end bonuses are tied to PERFORMANCE metrics, and the amount can VARY depending on whether certain milestones are met. Year-end bonuses are usually made up of lump-sum payments used to reward the individual for hard work and dedication. |
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| 29. |
Describe the buying decision-making process? Would it involve a buying center? Would the decision involve one person, one person with input from others, etc.? |
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Answer» The decision involve one person, one person with input from OTHERS, etc.using phrase ENACTING |
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| 30. |
Organizational process assets is an input to all of the tasks in the business analysis planning and monitoring knowledge area. As such, it includes |
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| 31. |
Use of economics of scale lead to operational effencies |
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| 32. |
Define business inventories and explain how they are counted in gdp. |
| Answer» BUSINESS INVENTORIES R often CALLED investors | |
| 33. |
Once an organization has settled on its mission, managers can turn their attention to developing the business strategy true/false |
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Answer» ,Once an organization has SETTLED on its mission, MANAGERS can turn their ATTENTION to DEVELOPING the business STRATEGY |
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| 34. |
Compare the hr team issues that each decade from 1980s and 2000s faced based on the functions |
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Answer» FLAG on the RED Fort is can only be done by the PRIME Minister of India it cannot be done by the president president is only the nominal HEAD of the country but Prime Minister is a real head of the country the main decisions of the country can be taken by the Prime Minister only WITHOUT consulting with the president |
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| 35. |
Explain the magnitude of unemployment in india and substantiate the reasons |
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| 36. |
Explain the managerial grid leadership style of blake and mouton |
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Answer» The managerial grid MODEL (1964) is astyle leadership model developed by Robert R. Blake and Jane Mouton. This model ORIGINALLY identified five differentleadership styles based on the concern for people and the concern for PRODUCTION. ... In this STYLE, managers have low concern for both people and production. |
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| 37. |
(a) what is the difference between rapid iteration and complex system product development process? Describe with examples. (b) what type of development process would you expect to find in an established company successful at developing residential air conditioning units? How about for a small company that is trying to break into the market for racing wheelchairs? |
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Answer» The type of DEVELOPMENT PROCESS would you expect to find in an established company successful at DEVELOPING residential air conditioning units are vanderwalls and thus uses BARTER |
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| 38. |
A thin line differentiates employee grievances and employee complaints. In two paragraphs, please discuss the problems involved in defining a grievance, indicating why a broad definition of employee grievances is both confusing and necessary. |
| Answer» GRIEVANCE is any dispute or DIFFERENCE arising between any employee and managementor between the union and management. Most collective bargaining agreements define, in general, what the parties have agreed to consider being a grievance. Unions usually prefer a broad definition that recognizes any dispute, while management prefers to LIMIT grievances to the MEANING or application of a particular clause. The primary function of the definition is to outline the parameters of what types of DISPUTES may be grieved. | |
| 39. |
Discuss the six important functional areas of human resource management |
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Answer» FLAG on the Red Fort is can only be DONE by the PRIME Minister of India it cannot be done by the PRESIDENT president is only the nominal HEAD of the country but Prime Minister is a real head of the country the main decisions of the country can be taken by the Prime Minister only without consulting with the president |
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| 40. |
An institution who carries out the process of pooling is called as what ? |
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| 41. |
An analyst who is evaluating a firm's working capital management would be least likely to be concerned if the firm's: |
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| 42. |
Difference between process industry and manufacturing industry |
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| 43. |
Difference between current cost accounting and current purchasing power |
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Answer» Current Cost Accounting ----The financial accounting term current cost accounting refers to an approach that values assets at their fair MARKET value rather than historical cost. Practically, the current costs can be determined in a number of ways, including the way in which the SPECIFIC price index is applied to the book value of the asset. While as current purchasing power is a FORM of accounting that measures profit after allowing for the MAINTENANCE of the purchasing power of the SHAREHOLDERS' capital. The Retail Price Index is used to adjust for general changes in prices in order to ensure that all the shareholders' capital maintains at the same monetary purchasing power which creates balance |
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| 44. |
Compound interest for amount 100000 at 8.5 for one year |
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| 45. |
In order to be successful, the organization need to provide superior _____________ as compared to its competitors. * (a) costs (b) demand (c) expectations (d) customer value |
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Answer» In order to be successful, the organization need to provide SUPERIOR (d) CUSTOMER value as COMPARED to its competitors. |
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| 46. |
Choose any product and write how you would do to sell the product |
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Answer» I would SELL make-up. I would go around to stores and let them have some FREE SAMPLES to see if they would like to try it out. Not only would I do that but I would also CREATE ads for it, ship it to make-up artists for reviews, and make a video of me using the product so they know it is safe. Hope this helps |
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| 47. |
Who knows silicon carbide sealing ring production process? |
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Answer» There are many uses of Silicon Carbide in different industries. Its physical hardness makes it ideal to be used in abrasive machining processes like grinding, honing, sand blasting and water jet cutting. |
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| 48. |
When there is one buyer and many sellers then that situation is called |
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Answer» A buyer's monopoly, or "MONOPSONY", is a market SITUATION where there is only ONE buyer and many sellers. This situation gives the buyer CONSIDERABLE power to demand concessions from sellers, since the sellers have no ALTERNATIVE to selling to the buyer. |
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| 49. |
According to michael porter a global industry is one in which can be achieved by |
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| 50. |
A person invested a certain amount at s.I at rate of 6% earning rs 900 |
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