Management Quiz

What is the full form of GAAP?

• Generally accepted Accounting principles

• Globally accepted Accounts Principle

• Geographically allowed Amazon Prices

• Greatly Assigned Account Performa

Differentiate between 'trade' and 'commerce'

• A) Trade is buying and selling; commerce includes supportive services

• B) Trade is only for goods; commerce is only for services

• C) Trade is a broader term; commerce is limited to exchanges

• D) There is no difference between trade and commerce

3.'opportunity cost'

• A) The additional cost of producing one more unit

• B) The profit foregone from the next best alternative

• C) The sunk cost incurred during production

• D) The budgeted cost for a specific project

4. What is the best example of Monopoly?

• A) Power Station

• B) Airlines

• C) Petrol Bunk

• D) A Fastfood Restaurant

PNR on railway ticket stands for

6. Define 'corporate governance'.

• A) A system for setting company goals

• B) The process of managing employees

• C) A framework for ethical and accountable management

• D) The study of market positioning strategies

7. Full form of FDI

• A) Foreign Direct Investment

• B) First Dubai Information

• C) Fake dubious information

• D) Fashion Dilemma insecurity

8. What is 'group dynamics,'?

• A) The way individuals are promoted in a group

• B) The study of employee backgrounds

• C) The interactions and relationships within groups

• D) A company’s strategy for market competition

Marketing Mix consists of ?

• A) 4Ps

• B) 7Ps

• C) 8Ps

• D) 5Ps

10. Difference between 'strategic planning' and 'operational planning'.

• A) Strategic planning is short term; operational planning is long term

• B) Operational planning is broader in scope

• C) Strategic planning focuses on long-term goals, operational on daily acts

• D) Operational planning has no relation to strategic goals