UGC NET Mock 2 on Management – 20 Questions for Practice

1. A high debtor’s turnover ratio indicates

2. Two statements are given below relating to the consumer brand selection model.
Statement I: As per disjunctive decision rule consumers set a minimum acceptable cut off level for each attribute and choose the first alternative that meets the minimum standard for all selected attributes.
Statement II: As per lexicographic decision rule consumers choose the best brands on the basis of its perceived most important attribute.
Choose the correct option about the statements from the options given below:

3. Coefficient of determination (R2) indicates

4. Two statements are given below:
Statement I: Opinion leaders who provide product related information to the buyer and assist him or her in buying is called market mover.
Statement II: Opinion leaders who understand the buyer’s personal needs and use situations and aid the buyer is called purchase pal.
Choose the correct option about the statements from the options given below:

5. Arrange the following stages in the industrial buying process in the sequential order:
1. General need description; 2. Supplier search; 3. Problem recognition; 4. Performance review; 5. Order route specification; 6. Product specification; 7. Proposal solicitation; 8. Supplier selection

6. Which of the following condition is true about determinants and strengths of positioning strategy?

7. If α = 0.05 and β = 0.10, the power of that hypothesis test is

8. Projected cash flows change with changes in projected demand, price, cost of production, cost of capital, etc. All these changes are accommodated in a random manner by

9. When a firm has diversified in unrelated products, it is called

10. Positioning the production system means

11. A method for deriving the utility values that consumers attach to varying levels of a product attribute is called

12. Which one of the three basic approaches used customarily explaining the Marketing System?

13. Delphi method of estimating future demand for a product or service is associated with

14. Which one is not a part of control charts for variables?

15. Statement I: One of the key factors impacting on Production Managers is that the country’s borders no longer provide protection from foreign imports due to globalization.
Statement II: To succeed in global competition, Production Management of Companies must make a commitment to innovate products and services with high quality at low prices.

16. Edwards Deming, one of the Quality Gurus, introduced the concept of cycle for continuous improvement of quality. The cycle consists of
(i) Act
(ii) Plan
(iii) Do
(iv) Check
The correct order of this cycle of activities is

17. Vertical merger represents merger of firms

18. Variable which has a strong contingent effect on the independent dependent variable relationship is referred to as

19. Statement 1: The IE Matrix is similar to the BCG Matrix in that both tools involve plotting organisation divisions in a schematic diagram.
Statement 2: The BCG Matrix requires more information about the divisions than the IE matrix.

20. From the statements given below, choose the correct answer.
Statement I: One of the important aspects of IT enabled services is value addition.
Statement II: ERP and CRM are examples for IT enabled services.