The complete UGC NET June 2023 question paper for Management, covering Paper 1 (General Aptitude) and Paper 2 (Management). Every question below is shown with its options and the correct answer, and a detailed explanation you can unlock by signing in. All 148 questions are free to practise.
| Exam | UGC NET June 2023 |
|---|---|
| Papers | Paper 1 (General Aptitude) and Paper 2 (Management) |
| Exam date(s) | June 16, 2023 |
| Shift(s) | Shift 1 |
| Paper 1 questions | 49 questions · 60 minutes · 100 marks |
| Paper 2 questions | 99 questions · 120 minutes · 200 marks |
| Total | 148 questions |
| Marking scheme | +2 per correct answer · No negative marking |
UGC NET June 2023 · Management sitting
49 questions with the answer key and explanations.
The number of female candidates who qualified from state B in 2021 is approximately ______ % of the male candidates who qualified from state A in 2022.
Table 1 shows the percentage distribution of candidates who qualified in a competitive examination from six states A–F during 2021 and 2022, along with the ratio of male to female among them. Table 2 shows the total number of candidates who appeared and the percentage of candidates who qualified from all six states A–F in these two years.
| State | 2021 Qualified (%) | 2021 Male:Female | 2022 Qualified (%) | 2022 Male:Female |
|---|---|---|---|---|
| A | 18% | 5:4 | 20% | 28:17 |
| B | 16% | 3:1 | 12% | 5:3 |
| C | 12% | 7:5 | 16% | 11:5 |
| D | 16% | 13:11 | 15% | 15:11 |
| E | 25% | 13:12 | 22% | 15:9 |
| F | 13% | 8:1 | 15% | 11:9 |
| Year | Total Appeared (A–F) | Qualified (%) from A–F |
|---|---|---|
| 2021 | 142000 | 45% |
| 2022 | 180000 | 52% |
Answer: (B) 22
Explanation
In 2022 for state A, if four female candidates who qualified are not eligible, then what is the average number of female candidates who qualified (and eligible) from all the six states together in the year 2022?
Table 1 shows the percentage distribution of candidates who qualified in a competitive examination from six states A–F during 2021 and 2022, along with the ratio of male to female among them. Table 2 shows the total number of candidates who appeared and the percentage of candidates who qualified from all six states A–F in these two years.
| State | 2021 Qualified (%) | 2021 Male:Female | 2022 Qualified (%) | 2022 Male:Female |
|---|---|---|---|---|
| A | 18% | 5:4 | 20% | 28:17 |
| B | 16% | 3:1 | 12% | 5:3 |
| C | 12% | 7:5 | 16% | 11:5 |
| D | 16% | 13:11 | 15% | 15:11 |
| E | 25% | 13:12 | 22% | 15:9 |
| F | 13% | 8:1 | 15% | 11:9 |
| Year | Total Appeared (A–F) | Qualified (%) from A–F |
|---|---|---|
| 2021 | 142000 | 45% |
| 2022 | 180000 | 52% |
Answer: (A) 5990
Explanation
What is the ratio of the number of female candidates who qualified from states A and C together in 2021 to number of male candidates who qualified from the same two states in the year 2022?
Table 1 shows the percentage distribution of candidates who qualified in a competitive examination from six states A–F during 2021 and 2022, along with the ratio of male to female among them. Table 2 shows the total number of candidates who appeared and the percentage of candidates who qualified from all six states A–F in these two years.
| State | 2021 Qualified (%) | 2021 Male:Female | 2022 Qualified (%) | 2022 Male:Female |
|---|---|---|---|---|
| A | 18% | 5:4 | 20% | 28:17 |
| B | 16% | 3:1 | 12% | 5:3 |
| C | 12% | 7:5 | 16% | 11:5 |
| D | 16% | 13:11 | 15% | 15:11 |
| E | 25% | 13:12 | 22% | 15:9 |
| F | 13% | 8:1 | 15% | 11:9 |
| Year | Total Appeared (A–F) | Qualified (%) from A–F |
|---|---|---|
| 2021 | 142000 | 45% |
| 2022 | 180000 | 52% |
Answer: (C) 8307:21944
Explanation
The number of male candidates who qualified from state E in 2022 is approximately ______ % more than the number of male candidates who qualified from state F in 2021.
Table 1 shows the percentage distribution of candidates who qualified in a competitive examination from six states A–F during 2021 and 2022, along with the ratio of male to female among them. Table 2 shows the total number of candidates who appeared and the percentage of candidates who qualified from all six states A–F in these two years.
| State | 2021 Qualified (%) | 2021 Male:Female | 2022 Qualified (%) | 2022 Male:Female |
|---|---|---|---|---|
| A | 18% | 5:4 | 20% | 28:17 |
| B | 16% | 3:1 | 12% | 5:3 |
| C | 12% | 7:5 | 16% | 11:5 |
| D | 16% | 13:11 | 15% | 15:11 |
| E | 25% | 13:12 | 22% | 15:9 |
| F | 13% | 8:1 | 15% | 11:9 |
| Year | Total Appeared (A–F) | Qualified (%) from A–F |
|---|---|---|
| 2021 | 142000 | 45% |
| 2022 | 180000 | 52% |
Answer: (B) 74
Explanation
In the year 2021, the number of female candidates who qualified is more than 5000 in exactly ______ states.
Table 1 shows the percentage distribution of candidates who qualified in a competitive examination from six states A–F during 2021 and 2022, along with the ratio of male to female among them. Table 2 shows the total number of candidates who appeared and the percentage of candidates who qualified from all six states A–F in these two years.
| State | 2021 Qualified (%) | 2021 Male:Female | 2022 Qualified (%) | 2022 Male:Female |
|---|---|---|---|---|
| A | 18% | 5:4 | 20% | 28:17 |
| B | 16% | 3:1 | 12% | 5:3 |
| C | 12% | 7:5 | 16% | 11:5 |
| D | 16% | 13:11 | 15% | 15:11 |
| E | 25% | 13:12 | 22% | 15:9 |
| F | 13% | 8:1 | 15% | 11:9 |
| Year | Total Appeared (A–F) | Qualified (%) from A–F |
|---|---|---|
| 2021 | 142000 | 45% |
| 2022 | 180000 | 52% |
Answer: (D) two
Explanation
In which method of collaborative learning the main purpose is to develop listening skills in the students?
Answer: (C) Fishbowl strategy
Explanation
Which of the following individual difference(s) may not affect learning?
A. Cultural background
B. Height
C. Blood Group
D. Age
E. Complexion
Answer: (B) B, C and E only
Explanation
Which of the following are the characteristics of Mind mapping?
A. Built around a central topic.
B. Use of long sentences and paragraphs to explain the content.
C. The branches of a particular topic form a connected nodal structure.
D. Use of images and symbols to represent ideas.
Answer: (C) A, C and D only
Explanation
Match List I with List II.
| List-I (Channel No.) | List-II (Channel) |
|---|---|
| A. CH-04 | I. PRABANDHAN |
| B. CH-05 | II. KAUTILYA |
| C. CH-06 | III. SAARASWAT |
| D. CH-07 | IV. VIDHIK |
SWAYAM PRABHA channel numbers and names
Answer: (C) A-III, B-I, C-IV, D-II
Explanation
Which of the following is a benefit of using rubrics for evaluation?
Answer: (B) Increased consistency in grading
Explanation
According to the UGC Regulations, 2018 on plagiarism similarity of 42% refers to which of the following levels of plagiarism?
Answer: (C) 2
Explanation
The question of whether a measure that is devised for a concept really does reflect the concept that it is supposed to be denoting, relates to:
Answer: (A) Measurement validity
Explanation
Given below are two statements: One is labelled as Assertion A and the other is labelled as Reason R.
Assertion (A): Surveys conducted over the internet have witnessed a huge growth since the late 1990s.
Reason (R): Internet users always constitute an unbiased sample of the population.
Answer: (C) A is correct but R is not correct
Explanation
Among the following types of sampling techniques, which one is also known as 'Judgemental' sampling?
Answer: (D) Purposive Sampling
Explanation
Variations in time series data would be best represented by a:
Answer: (A) line chart
Explanation
The person who studies the symbiotic relationship between people and the media technologies which they create and use is identified as a:
Answer: (D) Media ecologist
Explanation
A political party broadcast is considered as:
Answer: (B) closed text
Explanation
The Buddhist concept of interpersonal communications emphasizes:
A. Flexible morality
B. Total isolation
C. Sensitive use of language
D. Truthfulness
E. Achievement of consensus
Answer: (C) C, D, E Only
Explanation
Given below are two statements:
Statement I: The Hindu view of communications is based on the precept that reality is undivided.
Statement II: According to the ancient Hindu view language is a means to acquire knowledge.
Answer: (A) Both Statement I and Statement II are true
Explanation
Match List I with List II.
| List-I (Scholars) | List-II (Organization/Concept) |
|---|---|
| A. Bharatha | I. Grammar |
| B. Bharthrahari | II. Sadharanikaran |
| C. Bhattanayaka | III. Rasa theory |
| D. Panini | IV. Speech theory |
Indian scholars matched with their communication/aesthetic concepts
Answer: (C) A-III, B-IV, C-II, D-I
Explanation
A person X can do a piece of work worth ₹3000 in 6 days; but he engages an assistant Y, and completes the work in 4 days. Find the share of the assistant Y in completing the work.
Answer: (B) ₹1000
Explanation
What number would replace question mark (?) in the series given below? 1, 6, 14, 40, 108, 296, 808, ?
Answer: (A) 2208
Explanation
The house of a man is facing towards south. From the front door of the house, the man starts walking and after walking for 20 meters straight, he turns to his left and walks for 50 meters. After this the man turns to his right and walks for 80 meters and stops there. Find the distance from the point where the man stops to the front door of his house.
Answer: (B) 50√5 m
Explanation
In a certain coding language: (a) 'ON' is coded as 210; (b) 'OFF' is coded as 540. How 'SET' will be coded in that language?
Answer: (D) 1900
Explanation
Which of the following statements are contrary to each other?
A. All movies are thrillers.
B. Some movies are not thrillers.
C. No movies are thrillers.
D. Some movies are thrillers.
Answer: (A) A and C Only
Explanation
If the statement 'Some trucks are not polluting vehicles' is given as false then which of the following statements can be immediately inferred to be true?
A. All trucks are non-polluting vehicles.
B. All trucks are polluting vehicles.
C. Some trucks are polluting vehicles.
D. All polluting vehicles are trucks.
Answer: (D) B and C Only
Explanation
Which of the following statements is logically equivalent to the statement 'All philosophers are realists'?
Answer: (A) No philosopher is non-realist
Explanation
"I have listened to the parliament speech of the president of the country XYZ once, from that I must conclude that he is a lousy speaker." Which fallacy is committed in the above statement?
Answer: (B) Hasty Generalization
Explanation
Given below are two statements:
Statement I: Nyaya syllogism is only inductive and material.
Statement II: The Aristotelian syllogism is only deductive and formal.
Answer: (D) Statement I is false but Statement II is true
Explanation
Which of the following is a benefit that businesses receive from using the Internet?
Answer: (B) Faster connection with suppliers
Explanation
Consider the equation L + M = N, where L = (100011)₂ and N = (101000)₂. What is the value of M as represented in decimal format?
Answer: (D) 5
Explanation
A web page offers a link for users to request another web page. The requested web page contains HTML code and JavaScript code. In this context, identify the correct sequence of the following statements A-E.
A. The requested web page is displayed on the client computer.
B. The user clicks on the hyperlink and the web page is requested from the web server.
C. The requested web page content is transmitted to the client computer.
D. The client computer processes the JavaScript code using the web browser software.
E. The web server locates the requested web page.
Answer: (D) B, E, C, D, A
Explanation
Given below are two statements:
Statement I: Shareware is limited-functioning freeware, and normally expires after a week or month.
Statement II: Shareware code can be modified and redistributed.
Answer: (C) Statement I is true but Statement II is false
Explanation
Which of the following should always be regarded as security risks to computer systems?
A. Chat rooms
B. Cookies
C. Pharming
D. Virus
E. VoIP
Answer: (B) C and D Only
Explanation
When a water body gets enriched with nutrients, the process is called as:
Answer: (B) Eutrophication
Explanation
Which of the following statements are correct in respect of Green House Gases?
A. They are generally of light green colour.
B. They absorb thermal radiations emitted by earth.
C. Water vapour is a green house gas.
D. Green house gases cause global warming.
E. Ammonia (NH₃) is a green house gas.
Answer: (C) B, C, D Only
Explanation
Which of the following air pollutants help in the formation of photochemical smog?
Answer: (D) Oxides of nitrogen
Explanation
Through enrichment process, concentration of which uranium isotope is increased in the natural uranium?
Answer: (B) U-235
Explanation
Three 'Rs' used for the mitigation of solid wastes are:
A. Recover
B. Reduce
C. Reuse
D. Restrict
E. Recycle
Answer: (C) B, C, E Only
Explanation
Which was the first education commission of independent India?
Answer: (C) Radhakrishnan commission
Explanation
The National Education policy document of 1986 revised in 1992 suggested:
Answer: (A) Use of multimedia for distance education
Explanation
The committee for the evolution of the new education policy recommended that no university in India should have more than ______ affiliated colleges.
Answer: (D) 100
Explanation
Which of the following universities have their locations in Bihar?
A. Vallabhi
B. Vikramshila
C. Shridhanya katak
D. Odantapuri
Answer: (B) B and D Only
Explanation
Which of the following universities were established in the year 1857?
A. Calcutta University
B. Bombay University
C. Madras University
D. Allahabad University
Answer: (B) A, B and C Only
Explanation
London became a city of 'great stinking fogs' as a result of:
Few of Man's activities have zero environmental effect. For centuries, societies have suffered a wide variety of environmental damage, not least in terms of the air pollution that primitive, uncontrolled methods of combustion caused. People of Roman Britain, with fires in their huts, found the smoke a hazard to health and examination of human skulls shows a pitting that indicates a high frequency of sinusitis. The UK was the first country to widely experience massive industrial development based on coal. Between 1580 and 1680, imports of coal to London increased from 20,000 tonnes a year to 360,000 tonnes and London became a city of 'great stinking fogs'. These were only really to disappear some years after the episode in December 1952 when cold temperatures and moist air resulted in the condensation of moisture on particles in the air from coal combustion. Over a radius of 20 miles the resulting fog rendered the atmosphere opaque and it was found that in the week ending 13 December 1952 there had been an excess of 2851 over the usual weekly number of deaths. In response the Clean Air Acts of 1956 and 1968 dealt mainly with smoke in cities. Two decades after the smog disaster the Control of Pollution Act (1974) was brought in and systematically began the long haul towards comprehensive improvements in air quality as part of overall environmental protection. Similar experiences were encountered across Europe and North America during the 20th century.
Answer: (C) Coal combustion
Explanation
Between 1580 and 1680 imports of coal to London increased:
Few of Man's activities have zero environmental effect. For centuries, societies have suffered a wide variety of environmental damage, not least in terms of the air pollution that primitive, uncontrolled methods of combustion caused. People of Roman Britain, with fires in their huts, found the smoke a hazard to health and examination of human skulls shows a pitting that indicates a high frequency of sinusitis. The UK was the first country to widely experience massive industrial development based on coal. Between 1580 and 1680, imports of coal to London increased from 20,000 tonnes a year to 360,000 tonnes and London became a city of 'great stinking fogs'. These were only really to disappear some years after the episode in December 1952 when cold temperatures and moist air resulted in the condensation of moisture on particles in the air from coal combustion. Over a radius of 20 miles the resulting fog rendered the atmosphere opaque and it was found that in the week ending 13 December 1952 there had been an excess of 2851 over the usual weekly number of deaths. In response the Clean Air Acts of 1956 and 1968 dealt mainly with smoke in cities. Two decades after the smog disaster the Control of Pollution Act (1974) was brought in and systematically began the long haul towards comprehensive improvements in air quality as part of overall environmental protection. Similar experiences were encountered across Europe and North America during the 20th century.
Answer: (D) Substantially
Explanation
The fog of London in the second week of December 1952:
A. Reduced the number of deaths.
B. Increased the number of deaths.
C. Rendered the atmosphere over a radius of 20 miles smoke free.
D. Rendered the atmosphere over a radius of 20 miles opaque.
E. Did not make any difference to the air quality or to the number of deaths.
Few of Man's activities have zero environmental effect. For centuries, societies have suffered a wide variety of environmental damage, not least in terms of the air pollution that primitive, uncontrolled methods of combustion caused. People of Roman Britain, with fires in their huts, found the smoke a hazard to health and examination of human skulls shows a pitting that indicates a high frequency of sinusitis. The UK was the first country to widely experience massive industrial development based on coal. Between 1580 and 1680, imports of coal to London increased from 20,000 tonnes a year to 360,000 tonnes and London became a city of 'great stinking fogs'. These were only really to disappear some years after the episode in December 1952 when cold temperatures and moist air resulted in the condensation of moisture on particles in the air from coal combustion. Over a radius of 20 miles the resulting fog rendered the atmosphere opaque and it was found that in the week ending 13 December 1952 there had been an excess of 2851 over the usual weekly number of deaths. In response the Clean Air Acts of 1956 and 1968 dealt mainly with smoke in cities. Two decades after the smog disaster the Control of Pollution Act (1974) was brought in and systematically began the long haul towards comprehensive improvements in air quality as part of overall environmental protection. Similar experiences were encountered across Europe and North America during the 20th century.
Answer: (B) B and D Only
Explanation
The Control of Pollution Act:
A. Was brought in almost 20 years after the Clean Air Act of 1956
B. Stopped all industrial activity.
C. Aimed at improving air quality
D. Focused mainly on dealing with smoke in cities
E. Focused on environmental protection.
Few of Man's activities have zero environmental effect. For centuries, societies have suffered a wide variety of environmental damage, not least in terms of the air pollution that primitive, uncontrolled methods of combustion caused. People of Roman Britain, with fires in their huts, found the smoke a hazard to health and examination of human skulls shows a pitting that indicates a high frequency of sinusitis. The UK was the first country to widely experience massive industrial development based on coal. Between 1580 and 1680, imports of coal to London increased from 20,000 tonnes a year to 360,000 tonnes and London became a city of 'great stinking fogs'. These were only really to disappear some years after the episode in December 1952 when cold temperatures and moist air resulted in the condensation of moisture on particles in the air from coal combustion. Over a radius of 20 miles the resulting fog rendered the atmosphere opaque and it was found that in the week ending 13 December 1952 there had been an excess of 2851 over the usual weekly number of deaths. In response the Clean Air Acts of 1956 and 1968 dealt mainly with smoke in cities. Two decades after the smog disaster the Control of Pollution Act (1974) was brought in and systematically began the long haul towards comprehensive improvements in air quality as part of overall environmental protection. Similar experiences were encountered across Europe and North America during the 20th century.
Answer: (C) A, C and E Only
Explanation
The passage highlights mainly:
Few of Man's activities have zero environmental effect. For centuries, societies have suffered a wide variety of environmental damage, not least in terms of the air pollution that primitive, uncontrolled methods of combustion caused. People of Roman Britain, with fires in their huts, found the smoke a hazard to health and examination of human skulls shows a pitting that indicates a high frequency of sinusitis. The UK was the first country to widely experience massive industrial development based on coal. Between 1580 and 1680, imports of coal to London increased from 20,000 tonnes a year to 360,000 tonnes and London became a city of 'great stinking fogs'. These were only really to disappear some years after the episode in December 1952 when cold temperatures and moist air resulted in the condensation of moisture on particles in the air from coal combustion. Over a radius of 20 miles the resulting fog rendered the atmosphere opaque and it was found that in the week ending 13 December 1952 there had been an excess of 2851 over the usual weekly number of deaths. In response the Clean Air Acts of 1956 and 1968 dealt mainly with smoke in cities. Two decades after the smog disaster the Control of Pollution Act (1974) was brought in and systematically began the long haul towards comprehensive improvements in air quality as part of overall environmental protection. Similar experiences were encountered across Europe and North America during the 20th century.
Answer: (B) air pollution and human health
Explanation
99 questions with the answer key and explanations.
Which one of the following is NOT a standard categorization of stress?
Answer: (B) Imported stress
Explanation
Which of the following motives were articulated by J. M. Keynes for holding cash?
a. Precautionary
b. Return generation
c. Speculative
d. Investment
e. Transaction
Choose the correct answer from the options given below:
Answer: (C) a, c and e only
Explanation
Hofstede's dimensions of culture were based on a study conducted at:
Answer: (B) IBM
Explanation
Which of the following economic identities states that One (1) extra percent unemployment
costs two (2) percent of the Gross Domestic Product (GDP)?
Answer: (D) Okun's law
Explanation
Which of the statements are true of innovations?
a. Innovations are a must to survive in business
b. Discontinuous innovations lead to failures
c. Continuous innovations do not disrupt established usage and behaviour patterns
d. Line extensions are discontinuous innovations
e. In discontinuous innovations, there is a change not only in technology but also in behavioural
patterns of usage and consumption
Choose the correct answer from the options given below:
Answer: (D) a, c and e only
Explanation
Which of the following goods (commodities) have positive elasticities?
a. Necessities
b. Substitutes
c. Luxury goods
d. Complementary goods
e. Inferior goods
Choose the correct answer from the options given below:
Answer: (A) a, b and c only
Explanation
Which of the following is NOT a characteristic of digital media?
Answer: (C) Digital media is lean-back media
Explanation
Match List I with List II.
| List I | List II |
|---|---|
| a. Transcending | i. Uses latest knowledge and a wide variety of experiences |
| b. Process-facilitating | ii. Helps the system to confront reality |
| c. Shock-absorbing | iii. Takes an independent overall view |
| d. Resource-sharing | iv. Is perceptive of the reality in the organisation Choose the correct answer from the options given below: |
Answer: (C) a – iii, b - iv, c – ii, d - i
Explanation
Consumer buying behaviour in situations characterized by high involvement but few perceived
differences among brands is known as
Answer: (B) Dissonance reducing buying behaviour
Explanation
Which of the following statements are applicable to McKinsey's 7S framework?
a. A priori, it is obvious which of the seven factors will be the driving force in changing a particular
organisation at a particular point of time.
b. Effective organisational change is the relationship between seven factors of the framework.
c. Change in any one element effects change in other elements for effective organisational change.
d. Framework can be used for facilitating organisational change.
e. Strategy, Structure, Systems and Style are 'Hard S' of the Model while Staff, Skill and Shared
values are the 'Soft S' of the framework.
Choose the correct answer from the options given below:
Answer: (B) b, c and d only
Explanation
Which of the following narratives explain the Leontief paradox in international business:
Answer: (C) USA's exports were labour-intensive and imports were capital intensive
Explanation
Which of the following is NOT an element of 'Trade-relations mix' in International Business?
Answer: (A) Product variety
Explanation
Arrange the following statements corresponding to different levels of Brand Dynamics
Pyramid in a sequence starting with the base of the pyramid:
a. Belief that the brand delivers acceptable product performance and is on the consumer's short-list
b. Rational and emotional attachments to the brand to the exclusion of most other brands
c. Active familiarity with the brand based on post trial, saliency or knowledge of the brand promise
d. Relevance of brand to consumer's needs in the right price range or in the consideration set
e. Belief that the brand has an emotional or rational advantage over other brands in the category
Choose the correct answer from the options given below:
Answer: (A) c, d, a, e, b
Explanation
Population variance differ from sample variance in which of the following manner:
a. μ ± 3σ is replaced by ̅x + 9σ2
b. μ is replaced by ̅x
μ2
c. μ2 is replaced by (n−1)α
d. N is replaced by n -1
e. N is replaced by n - 1 - α
Choose the correct answer from the options given below:
Answer: (A) b and d only
Explanation
Characteristics of industrial relations include:
a. An outcome of employment relationships in an organisation
b. Develop the skills and methods of adjusting to and cooperating with each other
c. Create rules and regulations to maintain harmonious relations
d. Government is not involved in shaping industrial relations
e. Parties to industrial relations are employees, their organisations and employers
Choose the correct answer from the options given below:
Answer: (D) A, B, C, E only
Explanation
Following are the statements on the Mintzberg’s organisational type. Choose the correct
statements:
a. Entrepreneurial organisations primarily focus on skills standardization
b. Professional organisations primarily focus on output standardisation
c. Innovative organisations primarily focus on mutual adjustment
d. Missionary organisations primarily focus on norms standardisation
e. Innovative organisations do not focus on mutual adjustment
Choose the correct answer from the options given below:
Answer: (C) c and d only
Explanation
Which of the following are included in the work place diversity?
a. Ethnicity
b. Career experience
c. Gender
d. Geographic experiences
e. Sexual orientation
Choose the correct answer from the options given below:
Answer: (B) A, C, E only
Explanation
Arrange the following steps of job evaluation in the proper sequence:
a. Review job descriptions and job specifications
b. Select compensable factors
c. Choose benchmark jobs
d. Define each factor's degree
e. Assign weights to compensable factors
Choose the correct answer from the options given below:
Answer: (B) c, b, e, d, a
Explanation
Arrange the following types of intelligence which a computer can simulate in the ascending
order:
a. Visual-spatial
b. Logical mathematical
c. Linguistic
d. Interpersonal
e. Bodily kinesthetic
Choose the correct answer from the options given below:
Answer: (A) c, d, a, e, b
Explanation
Given below are two statements:
Statement I: To exist and be successful in a competitive world a business has to be ethical.
Statement II: An ethical organisation can be recognized on the basis of its corporate excellence
and not on its relations with the stakeholders.
In light of the above statements, choose the most appropriate answer from the options given below:
Answer: (C) Statement I is correct but Statement II is incorrect
Explanation
Contrast to individual stocks, stability of Portfolio Risk (β) dramatically increases with:
a. High return portfolios (𝑅𝑝 > 𝑅𝐹 )
b. Larger portfolios (𝑛𝑝 > 50)
c. Longer investment duration (𝑡𝑝 > 26 weeks)
d. Increased trading volume
e. High premium portfolios (𝑅𝑝 > 𝑅𝑝 )
Choose the correct answer from the options given below:
Answer: (B) b, c and d only
Explanation
Match List I with List II.
| List I | List II |
|---|---|
| a. Balanced Scorecard | i. Barney |
| b. Economic Value-added Analysis | ii. Howard J. Dresner |
| c. VRJO framework | iii. Stern Stewart & Company |
| d. Business intelligence | iv. Robert S. Kaplan and David P. Norton Choose the correct answer front the options given below: |
Answer: (B) a - iv, b - iii, c - i, d - ii
Explanation
Which of the following is a measure of appropriateness of organizational goals and how well
these goals are being met?
Answer: (C) Organizational effectiveness
Explanation
Which of the following is a post-offer takeover defense mechanism in which target company
buys back shares at a significant premium?
Answer: (C) Greenmail
Explanation
If the Net Present Value (NPV) of an investment proposal is positive, what conclusions can be
drawn?
a. The investment generated present value of cashflows exceed cost of investment
b. The discount rate used is less than the investment's estimated return
c. The discount rate used equals the minimum return required by the investors
d. The investment generated present value of cashflows equals the cost of investment
e. The investment's Internal Rate of Return (IRR) exceeds the Cost of Capital
Choose the correct answer from the options given below:
Answer: (D) a, b and e only
Explanation
The major problems faced by rural entrepreneurs are:
a. Rate of interest charged by commercial banks is too high
b. Inability to market their products and services
c. Lack of comprehensive training on required skills
d. Inability to handle cultural issues
e. Difficulty in opening bank accounts due to lack of documents
Choose the correct answer from the options given below:
Answer: (C) b and c only
Explanation
Given below are two statements, one is labelled as Assertion A and the other is labelled as
Reason R:
Assertion (A): A stereotyped and male-centered vision discourages some women from
participating in business activities that could have a consequence on people who interact with
women at the conununity level.
Reason (R): Attributions of the society and the different socialisation processes relating to men
and women may create obstacles for women due to unequal distribution of assets and services.
In light of the above statements, choose the correct answer from the options given below:
Answer: (B) Both A and R are true but R is NOT the correct explanation of A
Explanation
Match List I with List II.
| List I | List II |
|---|---|
| a. Macro-applied | i. Organisation development |
| b. Micro-applied | ii. Organisational behaviour |
| c. Macro-theoretical | iii. Human Resource Management |
| d. Micro-theoretical | iv. Organisation Theory Choose the correct answer from the options given below: |
Answer: (B) a - i, b - iii, c- iv, d - ii
Explanation
Which of the following models identifies the strategy development process, the value creation
process, multi-channel integration process, performance assessment process and the information
management process as its core processes?
Answer: (C) Payne & Frow's Model of CRM
Explanation
Which of the following statements explains the Integrated Marketing Communication (IMC)
concept?
a. IMC is the specific blend of promotion tools to communicate customer value and build customer
relationships
b. IMC calls for recognising only those touch points where the customer physically encounters the
company and its brands
c. IMC's goal is to deliver a consistent and clear message about the organisation and its products
d. IMC ties together all of the company's messages and images
e. IMC calls for integration and coordination of the company's many communication channels
Choose the correct answer from the options given below:
Answer: (C) c, d and e only
Explanation
Arrange (in descending order) the following present value of a growing perpetuity which
makes first payment of Rs. 3,000 in next year.
a. Present value at 8% growth and 10% discount rate.
b. Present value at 3% growth and 9% discount rate.
c. Present value at 6% growth and 11% discount rate.
d. Present value at 5% growth and 6% discount rate.
e. Present value at 1% growth and 4% discount rate.
Choose the correct answer from the options given below:
Answer: (C) d, a, e, c, b
Explanation
An organisational vision should include:
a. An organisational charter of core values and principles
b. A strategy or plan and a view from the top
c. The source of priorities, plans and goals
d. A pusher into the future
e. A determination and publication of what makes an organisation unique
Choose the correct answer from the options given below:
Answer: (C) a, c and e only
Explanation
In competitive markets, a new firm will enter the market in which of the following situations?
Answer: (A) P >ATC
Explanation
A workman hired in place of a permanent workman or probationer who is temporarily absent
is called:
Answer: (D) Badli workman
Explanation
In which method of capital budgeting, cash flows are re-invested at the required rate of return?
Answer: (A) Net Present Value (NPV)
Explanation
Employees' belief in the degree to which they affect their work environment, their competence,
the meaningfulness of their job and perceived autonomy in their work is known as:
Answer: (C) Psychological empowerment
Explanation
According to the HRD score card developed by TVRLS India, HRD Systems Maturity Score
includes:
a. HR Information System
b. Potential Appraisal and Development
c. Job-rotation
d. Performance Management Systems
e. Feedback and Coaching Mechanisms
Choose the correct answer from the options given below:
Answer: (D) a, b, c, d and e
Explanation
The sequence of steps involved in testing a hypotheses are:
a. Select a suitable test statistic
b. Establish critical or rejection region
c. State the null and alternative hypothesis
d. State the level of significance (α)
e. Formulate a decision rule to evaluate the null hypothesis
Answer: (B) c, d, b, a, e
Explanation
Artificial Intelligence has simulation potential of the following kinds of intelligence:
a. Visual-spatial
b. Intrapersonal
c. Interpersonal
d. Creative
e. Logical-mathematical
Choose the correct answer from the options given below:
Answer: (B) a, c and e only
Explanation
Lowering of costs that a firm often experiences when it produces two or more products together
than each alone is known as:
Answer: (B) Economies of Scope
Explanation
Many consumers seek to be different and exclusive by demanding less of a commodity as more
people consume it, is called?
Answer: (B) Snob effect
Explanation
Match List I with List II.
| List I | List II |
|---|---|
| a. Angel investing | i. Growth and Development stage |
| b. Sweat equity | ii. Follow-on finding stage |
| c. Venture capital | iii. Mature stage iv Start-up stage Choose the correct answer from the options given below: |
| d. Initial Public Offer (IPO) | . |
Answer: (B) a - iv, b - iii, c - ii, d - i
Explanation
Which of the following focus of OD interventions are relevant if the nature of intervention is
unstructured?
a. Role negotiation
b. Development of internal facilitators
c. Counselling
d. Work review
e. Team development
Choose the correct answer from the options given below:
Answer: (B) b, c, e only
Explanation
Which of the following prevent the majority of managers from effective implementation and
sustainability?
a. Hollow talk
b. Debilitating fear
c. Complex measurement systems
d. Mindless reliance
e. Constructive internal competition
Choose the correct answer from the options given below:
Answer: (B) a, b, d only
Explanation
Which of the following should not be included in the balance of payments account?
Answer: (A) Bonus shares to equity shareholders
Explanation
Arrange the following steps of organization planning in the proper sequence:
a. Develop of the organization a culture that promotes growth and implement a documented
promotion policy.
b. We are committed to achieve financial growth of our organization by fostering growth and
creativity among our valued employees.
c. To foster growth and creativity.
d. Provide opportunities for growth of employees.
e. To achieve excellence in human resource management and foster growth and creativity.
Choose the correct answer from the options given below:
Answer: (D) b, e, c, d, a
Explanation
Entrepreneurs in general are _______ obsessed and _______ balanced?
Answer: (A) Opportunity, Leadership
Explanation
Cash flows are grouped in the of Cash Flow statement as per IND AS - 3 into which of the
following major categories?
Answer: (D) Operating activities, investing activities and financing activities
Explanation
Which of the following is NOT a base of product related segmentation?
Answer: (C) Decision criteria for product evaluation
Explanation
Match List I with List II.
| List I | List II |
|---|---|
| a. Grouping of products | i. Delphi Method |
| b. Allocation of job tasks | ii. Transportation Model |
| c. Evaluating facility location | iii. Aggregate Planning |
| d. Demand forecasting | iv. Assignment Model Choose the correct answer from the options given below: |
Answer: (C) a - iii, b - iv, c- ii, d - i
Explanation
Match List I with List II.
| List I | List II |
|---|---|
| a. Operating Profit | i. Actual sales volume - Breakeven sales volume |
| b. Profit-Volume Ratio | ii. Sales Revenue - Total variable costs |
| c. Margin of safety | iii. (Sales × P/V ratio) - Fixed Cost |
| d. Contribution margin | iv. (Unit sale price- Variable costs per unit)/ Unit sale price Choose the correct answer nom the options given below: |
Answer: (B) a - iii, b - iv, c - i, d - ii
Explanation
Arrange the following causes of work stoppages in India in the ascending order:
a. Retrenchment of personnel
b. Bonus
c. Leave and hours of work
d. Wages and allowances
e. Indiscipline and violence
Choose the correct answer from the options given below:
Answer: (A) c, b, e, a, d
Explanation
Which of the following is NOT a fundamental principle of KAIZEN?
Answer: (A) Let it go
Explanation
Which one of the following is NOT a justification for preferring ethnocentric approach to
staffing?
Answer: (A) Hiring host country nationals eliminates language barriers
Explanation
A flexible organisation design which can form and re-form varied patterns of connection, is
known as :
Answer: (B) Fishnet Organisation
Explanation
Which concept states that profit are normally recognized when the title to the goods passes to
the customer, not necessarily when money changes hands?
Answer: (B) Realisation Concept
Explanation
In order to shorten its operating cycle, a manufacturing company focuses on which of the
following decisions?
a. Reducing operating expenses
b. Enhanced coordination of firm activities
c. Manufacturing automation
d. Longer production schedule
e. Tightening credit policy
Choose the correct answer from the options given below:
Answer: (D) b, c and e only
Explanation
Why do companies pursue a retrenchment strategy?
a. Better opportunities in the environment are perceived elsewhere.
b. Its main strategic decisions focus on the conscious use of reversal grand strategies.
c. The environment is seen so threatening that internal strengths are insufficient to meet the
challenge.
d. Its easier and comfortable to pursue retrenchment strategy.
e. The firm is not doing well or perceives itself as doing poorly.
Choose the correct answer from the options given below:
Answer: (B) a, c and e only
Explanation
An unfavourable overhead volume variance indicates that:
Answer: (C) Actual production was less than the normal level of output
Explanation
Deviation from market portfolio, a point on the Capital Market Line (CML) that differentiates
investors' investing and financing decisions (based on their risk appetite) is describe by:
Answer: (B) Separation theorem
Explanation
Which one of the following statements is true for Type II error?
Answer: (B) Accepting an incorrect hypothesis
Explanation
Which of the following outcomes will promote sustainable capitalism?
a. Job creation, wealth generation and equitable income distribution
b. Do good and make profit (Shubh Labh)
c. Digital transformation and increased corporate profiteering
d. Ethical wealth creation and resource allocation
e. Emergence of monolithic and oligopolistic corporate entities
Choose the correct answer from the options given below:
Answer: (C) a, b and d only
Explanation
Which one of the following is not an internal force for organizational change?
Answer: (D) Change in Employee and customer expectations
Explanation
Internal reliability of a test instrument is defined as:
Answer: (B) The consistency of a measure taken at two different points of time
Explanation
Which of the following are concerns and challenges of industrial revolution 4.0?
a. Invasion of privacy
b. Reduced capital expenditure on infrastructure
c. Low cost and affordable service
d. Blurring differences between the men and machines
e. Environmental concerns
Choose the most appropriate answer from the options given below:
Answer: (D) a and e only
Explanation
Which of the following statements are true about line balancing?
a. The total amount of work on a line is divided into different tasks
b. Line balancing mainly ensures that each work station gets approximately equal amount of time
c. Cycle time is determined by the minimum time required at any workstation
d. Line balancing is not useful for the process industry
e. Tasks are assigned to workstations that allow the work to be performed in a feasible sequence
Choose the correct answer from the options given below:
Answer: (B) a and e only
Explanation
Which one of the following is NOT an extramural function of Trade Unions?
Answer: (B) Job security
Explanation
The major components of Nicosia Model of consumer decision-making are:
a. The consumers attitude based on firm's message exposure
b. Perceptual and teaming constructs
c. Feedback in the form of purchase experience
d. Extensive problem solving by consumer
e. Consumer's product search and evaluation
Choose the correct answer from the options given below:
Answer: (B) a, c and e only
Explanation
Arrange the steps of novel product design thinking process in a sequential order:
a. Define
b. Test
c. Prototype
d. Empathise
e. Ideate
Choose the correct answer from the options given below:
Answer: (C) d, a, e, c, b
Explanation
Arrange the following steps of marketing process in the sequential order:
a. Capture value from customers to create profits and customer equity.
b. Understand the market place and customer needs and wants.
c. Build profitable relationships and create customer delight.
d. Construct an integrated marketing program that delivers superior value.
e. Design a customer-driven marketing strategy.
Choose the correct answer from the options given below:
Answer: (B) b, e, d, c, a
Explanation
Given below are two statements, one is labelled as Assertion A and the other is labelled as
Reason R:
Assertion (A): IFRS and GAAP are two accounting systems competing for international
acceptance.
Reason (R): Indian Accounting Standards (Ind AS) are in convergence with both, the IFRS and the
GAAP.
In light of the above statements, choose the most appropriate answer from the options given below:
Answer: (C) A is correct but R is not correct
Explanation
Given below are two statements:
Statement I: If there are differences in consumers' responses, brand-name, product is essentially a
commodity and competition will probably be based on price.
Statement II: Brand equity is reflected in perceptions, performance and behaviour related to all
aspects of the marketing of a brand.
In light of the above statements, choose the most appropriate answer from the options given below:
Answer: (D) Statement I is incorrect but Statement II is correct
Explanation
Match List I with List II.
| List I | List II |
|---|---|
| a. System approach | i. Emphasizes that decisions and actions taken in one organisational area will affect others and vice- versa |
| b. Contingency approach | ii. Emphasizes on application of statistics. optimization models and computer simulations to management activities |
| c. Quantitative approach | iii. Emphasizes on career orientation, impersonality, authority hierarchy, division of labour, formal selection etc. |
| d. Weber's ideal bureaucracy | iv. Emphasizes that organisations are different and face different situations that require different ways of managing Choose the correct answer from the options given below: |
Answer: (A) a - i , b - iv, c - ii, d- iii
Explanation
Given below are two statements:
Statement I: The status of the person being perceived will greatly influence others' perception of
the person.
Statement II: The visible traits of the person perceived will not influence others' perception of the
person.
In light of the above statements. choose the correct answer from the options given below:
Answer: (C) Statement I is true but Statement II is false
Explanation
Earnings per share of a company is Rs. 4, Return on Investment is 20 percent and the return
required by shareholder is 16 percent. Assuming Walter valuation model, if the payout ratio is 40
percent, what will be the price per share?
Answer: (C) Rs 28.75
Explanation
From the viewpoint of stockholder, which of the following relationships is of the least
significance?
Answer: (C) Net income is greater than the amount of working capital
Explanation
Which of the following are NOT motivational factors according to Herzberg?
a. Interpersonal relations
b. Work itself
c. Advancement
d. Achievement
e. Salary
Choose the correct answer from the options given below:
Answer: (A) a and e only
Explanation
Match List I with List II.
| List I | List II |
|---|---|
| a. Low Price- earnings ratio stocks outperform high Price-earning ratio stocks | i. Peters (1991) |
| b. Low PEG (p-e ratio/ Earnings growth rate) stocks outperform high PEG stocks | ii. Fama and French (1992) |
| c. Small firms consistently experience larger risk-adjusted returns | iii. Basu (1977) |
| d. High book value/ market value ratio stocks yield higher returns | iv. Banz (1981) Choose the correct answer from the options given below: |
Answer: (B) a - iii, b - i, c - iv, d - ii
Explanation
Match List I with List II.
| List I | List II |
|---|---|
| a. Strangers | i. High potential profitability and low projected loyalty. |
| b. Barnacles | ii. High potential profitability and High projected loyalty |
| c. True Friends | iii. Low potential profitability and low projected loyalty |
| d. Butterflies | iv. Low potential profitability and High projected loyalty Choose the correct answer from the options given below: |
Answer: (D) a - iii, b - iv, c - ii, d - i
Explanation
Match List I with List II.
| List I | List II |
|---|---|
| a. Implicit Costs | i. Change in the total cost per unit change in output. |
| b. Marginal cost | ii. Total increase in costs resulting from the implementation of a particular managerial decision. |
| c. Incremental Cost | iii. Imputed value of inputs owned and used by the firm. |
| d. Sunk Cost | iv. The costs that are not affected by managerial decision. Choose the correct answer from the options given below: |
Answer: (C) a - iii, b - i, c - ii, d - iv
Explanation
Gantt chart is applicable to:
Answer: (B) Production scheduling
Explanation
UNCTAD compiled ‘Transnationality Index’ consists of which of the following three ratios?
Answer: (A) Foreign assets/Total assets: Foreign sales/Total sales and Foreign employment/Total
employment
Explanation
"A company in the sewing machine business diversifies into kitchenware and household
appliances and sells these items through a chain of retail stores to family consumers". This is an
example of:
Answer: (A) Marketing-related concentric diversification
Explanation
A consumer wants to purchase a laptop. She makes a list of selected brands and then evaluates
selected brands in terms of each relevant attribute and computes a weighted score for each brand.
Then, she selects the highest scoring brand. Which consumer decision making rule has she
employed?
Answer: (A) Compensatory
Explanation
“Udyam Assist Platform” developed by the SIDBI cater to which of the following enterprises?
Answer: (D) Informal Micro Enterprises
Explanation
"We don't have a marketing department; we have a customer department."
Herb Kelleher's statement given above refers to which one of the following concepts?
Answer: (C) Marketing Concept
Explanation
Which one of the following is not the view of ethics among the following of views ?
Answer: (D) Non-integrative social view
Explanation
Dimension reduction methods have the goal of using the correlation structure among the
predictor variables to accomplish which of the following:
a. To reduce the number of predictor components
b. To help ensure that these components are dependent
c. To provide a framework for interpretability of the results
d. To help ensure that these components are independent
e. To increase the number of predictor components
Choose the correct answer from the options given below:
Answer: (B) a, c and d only
Explanation
Arrange the following milk product brands developed by the state co-operatives in ascending
order of revenue generator:
a. Vita (Haryana)
b. Amul (Gujarat)
c. Nandini (Karnataka)
d. Verka (Punjab)
e. Milma (Kerala)
Choose the correct answer from the options given below:
Answer: (B) a, e, d, c, b
Explanation
The most important step of ERP implementation is the _______ phase:
An enterprise resource planning is at the center of the institution. In spite of a definite need to
integrate functionality in areas like accounting, sales and order management, customer relationship
management and SCM, the investments made by companies is not enough. Enterprises need to
transform business processes to respond to fast changing customer demands and survive the intense
global competition.
Enterprises globally have been seeking information systems with the capacity to automate,
communication and integrate information by collecting data in a highly standardized form. The
selection of the ERP package is daunting task requiring a variety of infrastructural and managerial
considerations. Both present and future business process scenarios need to be considered along
with flexibility and cost. One dilemma before the decision makers is the possible intervention of
non-proprietary technology standards. ERP implementation is a strategic activity requiring a
comprehensive analysis of pre and post implementation scenarios and intensive training of people
especially the front-end users. While some managers need to be involved in the design and
implementation process, others have to learn the functionalities. The integration process passes
through tough phases of accounting for differences in segments, departments and business
processes, though with a unified managerial intent. A prototype of the required integration of
business process needs to be developed after discussion with the people at different levels. The
quality of ERP carries a long-term impact on the process of the organization and it is not easy to
switch to another product with concomitant scale of investment and complexities. Fundamentally,
everybody in the organization should understand how ERP will be used to bridge between "How it
is" and "How it needs to be".
Answer: (B) Gap analysis
Explanation
In ERP implementation. which is not a constraint in the process of integration of different business
entities?
An enterprise resource planning is at the center of the institution. In spite of a definite need to
integrate functionality in areas like accounting, sales and order management, customer relationship
management and SCM, the investments made by companies is not enough. Enterprises need to
transform business processes to respond to fast changing customer demands and survive the intense
global competition.
Enterprises globally have been seeking information systems with the capacity to automate,
communication and integrate information by collecting data in a highly standardized form. The
selection of the ERP package is daunting task requiring a variety of infrastructural and managerial
considerations. Both present and future business process scenarios need to be considered along
with flexibility and cost. One dilemma before the decision makers is the possible intervention of
non-proprietary technology standards. ERP implementation is a strategic activity requiring a
comprehensive analysis of pre and post implementation scenarios and intensive training of people
especially the front-end users. While some managers need to be involved in the design and
implementation process, others have to learn the functionalities. The integration process passes
through tough phases of accounting for differences in segments, departments and business
processes, though with a unified managerial intent. A prototype of the required integration of
business process needs to be developed after discussion with the people at different levels. The
quality of ERP carries a long-term impact on the process of the organization and it is not easy to
switch to another product with concomitant scale of investment and complexities. Fundamentally,
everybody in the organization should understand how ERP will be used to bridge between "How it
is" and "How it needs to be".
Answer: (C) Managerial differences
Explanation
For success of ERP, the issues to be considered do not include:
An enterprise resource planning is at the center of the institution. In spite of a definite need to
integrate functionality in areas like accounting, sales and order management, customer relationship
management and SCM, the investments made by companies is not enough. Enterprises need to
transform business processes to respond to fast changing customer demands and survive the intense
global competition.
Enterprises globally have been seeking information systems with the capacity to automate,
communication and integrate information by collecting data in a highly standardized form. The
selection of the ERP package is daunting task requiring a variety of infrastructural and managerial
considerations. Both present and future business process scenarios need to be considered along
with flexibility and cost. One dilemma before the decision makers is the possible intervention of
non-proprietary technology standards. ERP implementation is a strategic activity requiring a
comprehensive analysis of pre and post implementation scenarios and intensive training of people
especially the front-end users. While some managers need to be involved in the design and
implementation process, others have to learn the functionalities. The integration process passes
through tough phases of accounting for differences in segments, departments and business
processes, though with a unified managerial intent. A prototype of the required integration of
business process needs to be developed after discussion with the people at different levels. The
quality of ERP carries a long-term impact on the process of the organization and it is not easy to
switch to another product with concomitant scale of investment and complexities. Fundamentally,
everybody in the organization should understand how ERP will be used to bridge between "How it
is" and "How it needs to be".
Answer: (B) ERP package free from the intervention of non-proprietory technology standards
Explanation
Organisation wide training is required to take full advantage of an ERP implementation. In this
context, which of the following statements are true?
i. Learning of the steering team on system performance is a must for ERP implementation
ii. Training of functional managers in process analysis and redesign is required continually
iii. IT department needs to be fully aware of system architecture
An enterprise resource planning is at the center of the institution. In spite of a definite need to
integrate functionality in areas like accounting, sales and order management, customer relationship
management and SCM, the investments made by companies is not enough. Enterprises need to
transform business processes to respond to fast changing customer demands and survive the intense
global competition.
Enterprises globally have been seeking information systems with the capacity to automate,
communication and integrate information by collecting data in a highly standardized form. The
selection of the ERP package is daunting task requiring a variety of infrastructural and managerial
considerations. Both present and future business process scenarios need to be considered along
with flexibility and cost. One dilemma before the decision makers is the possible intervention of
non-proprietary technology standards. ERP implementation is a strategic activity requiring a
comprehensive analysis of pre and post implementation scenarios and intensive training of people
especially the front-end users. While some managers need to be involved in the design and
implementation process, others have to learn the functionalities. The integration process passes
through tough phases of accounting for differences in segments, departments and business
processes, though with a unified managerial intent. A prototype of the required integration of
business process needs to be developed after discussion with the people at different levels. The
quality of ERP carries a long-term impact on the process of the organization and it is not easy to
switch to another product with concomitant scale of investment and complexities. Fundamentally,
everybody in the organization should understand how ERP will be used to bridge between "How it
is" and "How it needs to be".
Answer: (C) Both i and iii
Explanation
Which of the following is a precursor to ERP implementation?
An enterprise resource planning is at the center of the institution. In spite of a definite need to
integrate functionality in areas like accounting, sales and order management, customer relationship
management and SCM, the investments made by companies is not enough. Enterprises need to
transform business processes to respond to fast changing customer demands and survive the intense
global competition.
Enterprises globally have been seeking information systems with the capacity to automate,
communication and integrate information by collecting data in a highly standardized form. The
selection of the ERP package is daunting task requiring a variety of infrastructural and managerial
considerations. Both present and future business process scenarios need to be considered along
with flexibility and cost. One dilemma before the decision makers is the possible intervention of
non-proprietary technology standards. ERP implementation is a strategic activity requiring a
comprehensive analysis of pre and post implementation scenarios and intensive training of people
especially the front-end users. While some managers need to be involved in the design and
implementation process, others have to learn the functionalities. The integration process passes
through tough phases of accounting for differences in segments, departments and business
processes, though with a unified managerial intent. A prototype of the required integration of
business process needs to be developed after discussion with the people at different levels. The
quality of ERP carries a long-term impact on the process of the organization and it is not easy to
switch to another product with concomitant scale of investment and complexities. Fundamentally,
everybody in the organization should understand how ERP will be used to bridge between "How it
is" and "How it needs to be".
Answer: (A) Business modelling
Explanation
More competition in the early years of the business results in:
Accepted wisdom holds that the less competition a business faces, the more it thrives. The concept
is at the core of the Blue Ocean Strategy (Kim and Mauborgne, 2005) which advocates launching
in the uncontested markets, in order to avoid pain of going head-to-head with rivals. Research
shows that exposure to competition in early stages of a firm's life increases its long-term survival
prospects.
Companies established in crowded markets had a higher likelihood of failing in the first year than
those started in less crowded markets. Early exposure to competition may immunize a company.
How does a competition help firms in their youth thrive? A challenging environment causes startups
to be tightly focused on satisfying customer needs along with lowering and containing costs. Many
companies develop internal competition. Venture investors can help to create a similar dynamics
by being careful not to overfund a new company, as having too much cash-on- hand can make it
harder to establish a low-cost culture. Of course, early competition has a downside: some new
businesses fail before they have time to build up immunity. Still managers of young businesses will
bear in mind the advantages of exposure to safe levels of external competition or to a competitive
environment that's been generated inside the organization. Such exposure can have long-lasting
positive effects on efficiency and survival.
Answer: (B) Increasing the chances of its survival in the long-run
Explanation
According to the passage, venture capitalists should:
Accepted wisdom holds that the less competition a business faces, the more it thrives. The concept
is at the core of the Blue Ocean Strategy (Kim and Mauborgne, 2005) which advocates launching
in the uncontested markets, in order to avoid pain of going head-to-head with rivals. Research
shows that exposure to competition in early stages of a firm's life increases its long-term survival
prospects.
Companies established in crowded markets had a higher likelihood of failing in the first year than
those started in less crowded markets. Early exposure to competition may immunize a company.
How does a competition help firms in their youth thrive? A challenging environment causes startups
to be tightly focused on satisfying customer needs along with lowering and containing costs. Many
companies develop internal competition. Venture investors can help to create a similar dynamics
by being careful not to overfund a new company, as having too much cash-on- hand can make it
harder to establish a low-cost culture. Of course, early competition has a downside: some new
businesses fail before they have time to build up immunity. Still managers of young businesses will
bear in mind the advantages of exposure to safe levels of external competition or to a competitive
environment that's been generated inside the organization. Such exposure can have long-lasting
positive effects on efficiency and survival.
Answer: (D) not overfund a new business
Explanation
The best way for a firm to survive in a highly-competitive environment is:
Accepted wisdom holds that the less competition a business faces, the more it thrives. The concept
is at the core of the Blue Ocean Strategy (Kim and Mauborgne, 2005) which advocates launching
in the uncontested markets, in order to avoid pain of going head-to-head with rivals. Research
shows that exposure to competition in early stages of a firm's life increases its long-term survival
prospects.
Companies established in crowded markets had a higher likelihood of failing in the first year than
those started in less crowded markets. Early exposure to competition may immunize a company.
How does a competition help firms in their youth thrive? A challenging environment causes startups
to be tightly focused on satisfying customer needs along with lowering and containing costs. Many
companies develop internal competition. Venture investors can help to create a similar dynamics
by being careful not to overfund a new company, as having too much cash-on- hand can make it
harder to establish a low-cost culture. Of course, early competition has a downside: some new
businesses fail before they have time to build up immunity. Still managers of young businesses will
bear in mind the advantages of exposure to safe levels of external competition or to a competitive
environment that's been generated inside the organization. Such exposure can have long-lasting
positive effects on efficiency and survival.
Answer: (B) Focusing on customer needs along with lowering the cost
Explanation
Which of the following is a type of competitive strategy?
Accepted wisdom holds that the less competition a business faces, the more it thrives. The concept
is at the core of the Blue Ocean Strategy (Kim and Mauborgne, 2005) which advocates launching
in the uncontested markets, in order to avoid pain of going head-to-head with rivals. Research
shows that exposure to competition in early stages of a firm's life increases its long-term survival
prospects.
Companies established in crowded markets had a higher likelihood of failing in the first year than
those started in less crowded markets. Early exposure to competition may immunize a company.
How does a competition help firms in their youth thrive? A challenging environment causes startups
to be tightly focused on satisfying customer needs along with lowering and containing costs. Many
companies develop internal competition. Venture investors can help to create a similar dynamics
by being careful not to overfund a new company, as having too much cash-on- hand can make it
harder to establish a low-cost culture. Of course, early competition has a downside: some new
businesses fail before they have time to build up immunity. Still managers of young businesses will
bear in mind the advantages of exposure to safe levels of external competition or to a competitive
environment that's been generated inside the organization. Such exposure can have long-lasting
positive effects on efficiency and survival.
Answer: (A) Product differentiation
Explanation
A strategy referred to in the passage that enables firms to create a new market space for themselves
is:
Accepted wisdom holds that the less competition a business faces, the more it thrives. The concept
is at the core of the Blue Ocean Strategy (Kim and Mauborgne, 2005) which advocates launching
in the uncontested markets, in order to avoid pain of going head-to-head with rivals. Research
shows that exposure to competition in early stages of a firm's life increases its long-term survival
prospects.
Companies established in crowded markets had a higher likelihood of failing in the first year than
those started in less crowded markets. Early exposure to competition may immunize a company.
How does a competition help firms in their youth thrive? A challenging environment causes startups
to be tightly focused on satisfying customer needs along with lowering and containing costs. Many
companies develop internal competition. Venture investors can help to create a similar dynamics
by being careful not to overfund a new company, as having too much cash-on- hand can make it
harder to establish a low-cost culture. Of course, early competition has a downside: some new
businesses fail before they have time to build up immunity. Still managers of young businesses will
bear in mind the advantages of exposure to safe levels of external competition or to a competitive
environment that's been generated inside the organization. Such exposure can have long-lasting
positive effects on efficiency and survival.
Answer: (B) Blue Ocean strategy
Explanation
Paper 1 had 49 questions and Paper 2 (Management) had 99 questions, for 148 in total across 3 hours.
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