IOM Question Bank
IOM Question Bank
* 1 point
* Required Land
Money
1. Which of the following management functions are closely related? * 1 point Labour
Capital
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Acquisition
Merger
2. Personnel management is also called as * 2 points
Strategic Alliance
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None of the above
Personnel Administration
Manpower management
Both (A) and (B) 6. Where is the name of the company inviting mentioned in an invitation of 1 point
All of these
7. Where is the name of the company which is invited mentioned? * 1 point 11. Where is the designation of the authority giving the tender mentioned? * 1 point
8. Where is the courteous leave-taking mentioned in an invitation of 1 point 12. Where is the name of the organization mentioned in the tender? * 1 point
quotation? *
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Mark only one oval.
Top center
Top left
Bottom left
Bottom right
Bottom right
Top right
Top left
Bottom left
cost of Rs. 10 per unit. The Economic Order Quantity (EOQ) for an annual
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demand of 2000 units is *
Reorder level – (Nornal consumption x Normal delivery time) Mark only one oval.
Reorder level + (Nornal consumption x Normal delivery time)
450
(Reorder level + Nornal consumption) x Normal delivery time
440
(Reorder level + Nornal consumption) / Normal delivery time
480
400
16. The time period between placing an order its receipt in stock is known as 1 point
*
19. Decision model to calculate optimal quantity of inventory to be ordered is 1 point
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called *
Lead time Mark only one oval.
Carrying time
efficient order quantity
Shortage time
economic order quantity
Over time
rational order quantity
17. The Economic Order Quantity (EOQ) is calculated as Where, D=Annual 1 point
demand (units), S=Cost per order, h=Annual carrying cost per unit *
20. Activities related to coordinating, controlling and planning activities of 1 point
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flow of inventory are classified as *
(DS*/h)^1/2 Mark only one oval.
(D*S/2h)^1/2
decisional management
(2D*S/h)^1/2
throughput management
(D*S/3h)^1/2
inventory management
manufacturing management
21. Which of the following is true for Inventory control? * 1 point 25. The inventories are recorded at the latest price but the production cost is 1 point
22. EOQ is the order quantity that over our planning horizon. * 1 point
26. In LIFO method of inventory valuation? * 1 point
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Mark only one oval.
minimizes total ordering costs
Issue of stocks to production is at latest price
minimizes total inventory costs
Closing stock is at latest price
the required safety stock
both A and B
minimizes total carrying costs
Niether A nor B
Applying
24. The latest cost of inventories is changed to production but the old prices 1 point
are changed to inventories on hand? *
Average
LIFO
FIFO
Perpetual
28. Which is not a part of 5R’s of buying? * 1 point 31. By which act does the government check restrictive trade? * 1 point
All of above
32. Globalization is the term used to describe the process of removal of the 1 point
Tender Buying
Speculative Buying
MRTP Act
FEMA act
None of these
35. FERA is the foreign exchange regulation act for __ * 1 point 38. A monopolistic trade practice is deemed to be prejudicial to public 1 point
interest except when_______ *
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Mark only one oval.
industries
Authorized by State Government
small scale
Authorized by Central Government
labor
Authorized by Supreme Court
owner
None of the above
36. Which of the following does not fall within the jurisdiction of the MRTP 1 point
37. Relaxing the restrictions and controls imposed on Business and industry 1 point 40. Foreign exchange transactions involve monetary transactions * 1 point
means *
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Mark only one oval.
A. among residents of the same country
Liberalisation
between the residents of two countries
Privatisation
between residents of two or more countries
Globalisation
among residents of at least three countries.
None of the above
41. The responsibility for the administration of FEMA is vested with * 1 point
Central Government
State Government
Bank
42. Central Bank of India is --------- * 1 point 46. A company wishes to ensure that no one else can use their logo. * 1 point
43. Under FEMA, The RBI has been authorized to make ________ to carry out 1 point 47. A singer wishes to assign the rights to reproduce a video she has made of 1 point
Restrictions Patent
44. Which of the following is not Patentable * 1 point 48. Copyright law applies to forms of expression contained in- * 1 point
A new chemical compound usable for huge explosion Dramatic and literary works
45. The term “WIPO” stands for: * 1 point 49. The patent application can be filed in India by * 1 point
51. If you file a provisional specification, the complete specification is 1 point 55. The exchange of goods and services are known as ………………………… * 1 point
59. The new world Trade organization WTO., which replaced the GATT came 1 point 63. The General Agreement on Tariff and Trade was replaced by * 1 point
70. International trade and domestic trade differ because of: * 1 point
67. __________is the exchange of goods and services between the two 1 point
Immobility of factors
Foreign Trade
Trade restrictions
Domestic Trade
All of the above
Illegal Trade
Future Market
68. ____protects the names and identifying marks of products and companies 1 point Mark only one oval.
*
Commercial policy
Mark only one oval. Fiscal policy
Monetary policy
Patent
Finance policy
copy right
Trademark
Goodwill
72. The objective of ISO-9000 family of Quality management is * 1 point
Customer satisfaction
Employee satisfaction
Skill enhancement
Environmental issues
73. Which of the following is responsible for quality objective? * 1 point 77. Which of the following is for Environment management? * 1 point
74. TQM & ISO both focus on * 1 point 78. The term business cycle refers to – * 1 point
75. According to Deming, Quality problems are * 1 point 79. _____ refers to the top or the highest point of business cycle. * 1 point
76. While setting Quality objective, ________ to be considered. * 1 point 80. The economy is said to be overheated at the _____ phase of business 1 point
cycle. *
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Mark only one oval.
Material quality
Depression
Customer need
Contraction
Market demand
Peak
All of the above
Expansion
81. Cost of living increases when the business cycle is _____ * 1 point 84. Market share can be increased by________________ * 1 point
82. There is a large scale of involuntary unemployment in the _____ phase of 1 point 85. What is the first stage of the marketing research process? * 1 point
the business cycle. none of the above *
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Mark only one oval.
definition of research objectives
expansion
writing the research brief
peak
recognition of a marketing management problem
at lowest point
design of secondary research
contraction
falling stock prices, etc. are found during _____ phase of the business Mark only one oval.
cycle. *
pricing research
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peak
contraction
87. What is the difference between the term ‘customer’ and the term 1 point
‘consumer’? *
There is no difference.
The term consumer refers only to people who buy food and drink products.
90. The process of setting a low initial price for attracting a large number of 1 point
buyers quickly to cover a large market share is known as * 93. Low-interest financing and longer warranties are both examples of 1 point
________. *
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Going-rate pricing
Allowances
Penetration pricing
Promotional pricing
Value based pricing
Discounts
Skimming pricing
Segmented pricing
94. ABC Company priced the product as of Rs. 19.99 instead of Rs.20. Which 1 point 98. ______ helps in establishing the interchangeability of products * 1 point
of the followingpricing techniques is ABC Company using? *
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Standardization
Psychological pricing
Simplification
Dodging pricing
Diversification
Deceptive pricing
Specialization
Premium pricing
97. The following is the source(s) for developing new or improved product * 1 point
102. _____ is a period of slow sales growth as the product is introduced into 1 point
the market. Profits are non-existent in this stage because of the heavy 105. Distribution of product to get it in the marks refers to which of the 1 point
103. Marketing management is ________. * 1 point 106. The skimming, penetration, bargaining and bundling are decided in the 1 point
______________ ofthe Marketing Mix strategy. *
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Mark only one oval.
managing the marketing process
Price Decisions
monitoring the profitability of the company’s products and services
Place Decisions
the art and science of choosing target markets and getting, keeping, and growing
customers through creating, delivering, and communicating superior customer value Product Decisions
108. A marketing survey is required for____________ * 1 point 112. What is the difference between the term ‘customer’ and the term 1 point
‘consumer’? *
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Mark only one oval.
Deciding marketing strategies
There is no difference.
Deciding product strategies
The term consumer refers only to people who buy food and drink products.
Deciding pricing strategies
Customers buy products but it is consumers who use them.
All of these
Customers make organisational rather than personal purchases.
110. What is the first stage of the marketing research process? * 1 point
114. What is ‘marketing communications’ an alternative term for? 1 point
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Mark only one oval.
definition of research objectives
promotion
writing the research brief
email
recognition of a marketing management problem
sales talk
design of secondary research
price lists
115. The process of setting a low initial price for attracting a large number of 1 point 118. Low-interest financing and longer warranties are both examples of 1 point
buyers quickly to cover a large market share is known as * ________. *
116. A reduction in price on purchase during a stated period of time is known 1 point 119. ABC Company priced the product as of Rs. 19.99 instead of Rs.20. Which 1 point
as. of the followingpricing techniques is ABC Company using? *
117. Sensitivity of demand to change in price is known as * 1 point 120. To pay a premium price for the product customers to require: * 1 point
Inelastic Discounts
121. The following is the preliminary stage of Production planning * 1 point 124. _____ is the development of original products, product improvements, 1 point
product modifications, and new brands through the firm’s own R&D
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efforts. *
Capacity planning Mark only one oval.
Material requirements planning
Idea generation
Scheduling
Concept testing
Product development and design
Test marketing
122. The following is the source(s) for developing new or improved product * 1 point
Mark only one oval. 125. Major sources of new product ideas include _____. * 1 point
Research and Development department of the enterprise Mark only one oval.
Consumer suggestions and Complaints
internal sources, using company R&D
Other competitive products in the market
creative approaches, using both "method and madness" approaches
All of the above
watching and listening to customers
Mark only one oval. 126. If a product concept passes the _____, it moves into _____. * 1 point
131. The skimming, penetration, bargaining and bundling are decided in the 1 point
128. Marketing management is ________. * 1 point
______________ ofthe Marketing Mix strategy. *
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132. A fundamental part of the distribution function is to get the product * 1 point
129. “How are you telling consumers in your target group about your product” 1 point
This questionbelongs to which marketing concept? * Mark only one oval.
Mark only one oval. To the right place at the right time
Price To intermediaries
Promotion
133. Personnel management specifically deals with human resources in 2 points 136. ________ means limitation of organized action. * 2 points
respect of *
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Mark only one oval.
Organizing
Their procurement
Controlling
Their development
Directing
Their motivation
Planning
All of the above
138. The last function in the sequence,which culminates in the attainment of 1 point
organization objectives,is: *
135. Personnel management is a (an) 2 points
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Mark only one oval.
organizing
Approach
coordinating
Point of view
planning
Technique of thinking
controlling
All of the above
139. In terms of the sequential relationship, the first function requiring 1 point 142. "Unity of Command " principle of effective direction means: * 1 point
141. Successful coordination of activities results from effectively carrying out 1 point
144. A ______ speaker looks into the eyes of the audience. * 1 point
the function: *
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Mark only one oval.
confident
planning
impatient
organizing
rude
staffing
impolite
directing
all of these
145. Which of these may convey arrogance? * 1 point 149. Which of these has a maximum reach? * 1 point
146. The tone of the speaker should be _____ * 1 point 150. How is good technical writing achieved? * 1 point
loud Naturally
clear By practice
low Listening
soft Speaking
147. Which of these is important in having a mutual understanding with 1 point 151. Which of these is not a step in the listening process? * 1 point
colleagues? *
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Mark only one oval.
To stop talking
Effective listening
Receiving
Speaking
Misinterpreting
Talking
Responding
Writing
152. Which of these is the first step in the listening process? * 1 point
148. Which of these does not enhance listening skills? * 1 point
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Mark only one oval.
Stop talking
Attention
Receiving
Frankness
Interpreting
Clear perception
Responding
Ignoring
153. Which of these types of listening lacks depth? * 1 point 157. The capital of a company is divided into number of parts each one of 1 point
which are called *
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Mark only one oval.
Appreciative listening
Interest
Organisation corporation
sole proprietorship
156. Which of these should be avoided during the delivery of a speech? * 1 point
Confidence
Clarity
Pauses
Rudeness
160. A_____________partner is an owner who has unlimited liability and is 1 point
senior partner
general partner
silent partner
limited partner
Option 1
Forms