UGC NTA NET/JRF Exam, Management, December-2020/June-2021

Total Questions: 100

81. The product hierarchy stretches from basic needs to particular items in some sequence. Identify the CORRECT sequence or levels of the product hierarchy

A. Product type
B. Product family
C. Product class
D. Need family
E. Product line
Choose the correct answer from the options given below

Correct Answer: (c) D, B, C, E, A
Solution:

82. As per the Anglo-Saxon Model of Corporate Governance, the authority lies with the following. Arrange these in decreasing order of authority.

A. Board of Directors
B. Managers
C. Shareholders
D. employees
E. Trade unions
Choose the correct sequence from the options given below

Correct Answer: (d) C, A, B, D, E
Solution:

83. Sequence the innovation adoption process that consists of five stages which potential consumers pass through while attempting to arrive at a decision to try or not to try an innovative product.

A. Consumer tries the innovation
B. Consumer undertakes a "mental trial" of the innovation
C. Consumer decides to use the innovation repeatedly
D. Consumer becomes interested in the innovative product
E. Consumer gets aware about the existence of the innovation
Choose the correct answer from the options given below

Correct Answer: (d) E, D, B, A, C
Solution:

84. In theory, several levels of economic integration are possible. Arrange the following from the least to the most integrated:

A. Common Market
B. Free Trade Area
C. Economic Union
D. Political Union
E. Customs Union
Choose the correct answer from the options given below

Correct Answer: (b) B, E, A, C, D
Solution:

85. Creativity is the process of generating a novel idea. The five steps of the creative process in sequence are:

A.Elaboration
B.Preparation
C. Evaluation
D. Insight
E. Incubation
Choose the correct answer from the options given below

Correct Answer: (a) B, E, D, C, A
Solution:

86. Given below are two statements, one is labelled as Assertion A and the other is labelled as Reason R

Assertion A: An oligopolist firm cannot decide the price it wishes to charge as well as the quantity it wishes to sell, both at the same time.
Reason R: An oligopolist firm takes into consideration the competitors' actions and counter actions because of a strong interdependence among the competitive firms
In light of the above statements, choose the most appropriate answer from the options given below

Correct Answer: (a) Both A and R are correct and R is the correct explanation of A
Solution:

Assertion (A):- An oligoplist firm cannot decide the price it wishes to charge as well as the quantity it wishes to sell, both at the same time.
Therefore, Assertion (A) is the correct statement.
Reason (R): An oligopolist firm takes into consideration the competitors actions and counter actions because of a strong interdependence among the competitive firms.
Therefore, Reason (R) is the also correct statement and (R) is the correct explanation of (A).

87. Given below are two statements

Statement I: The Transactional Analysis Model is an effective tool to understand why people behave in certain ways.
Statement II: The Transactional Analysis Model cannot be used to improve communication
In light of the above statements, choose the correct answer from the options given below

Correct Answer: (c) Statement I is true but Statement II is false
Solution:

Statement-1: The Transactional Analysis Model is an effective tool to understand why people behave in certain ways.
Therefore, statement (I) is true.
Statement-II: The transactional analysis model cannot be used to improve communication.
Therefore, statement (II) is false.

88. Given below are two statements

Statement I: A satisfied employee may be highly disengaged.
Statement II : It is possible to feel engaged by the organisation and not the job.
In light of the above statements, choose the most appropriate answer from the options given below

Correct Answer: (d) Statement I is incorrect but Statement II is correct
Solution:

Statement-I: A satisfied employee may be highly disengaged.
Therefore, statement (I) is the incorrect statement.
Statement-II: It is possible to feel engaged by the organisation and not the job. Therefore, statement (II) is the correct statement.

89. Given below are two statements, one is labelled as Assertion A and the other is labelled as Reason R

Assertion A: Acquiring firms often are willing to pay a price higher than the status quo value of assets for the right to control management of target firms. Reason R : The value of control stems from the changes that can be made to improve performance by debottlenecking capacity, streamlining and strengthening operations, managerial systems and processes.
In light of the above statements, choose the correct answer from the options given below

Correct Answer: (a) Both a and R are true and R is the correct explanation of A
Solution:

Assertion (A): Acquiring firms often are willing tot pay a price higher than the status quo value of assets for the right to control management of target firms. Therefore, Assertion (A) is the true statement.
Reason (R): The value of control stems from the change that can be made to improve performance by debottlenecking capacity, streamlining and strengthening operations, managerial systems and processes.
Therefore, Reason (R) is the also true statement and (R) is the correct explanation of (A).

90. Given below are two statements, one is labelled as Assertion A and the other is labelled as Reason R

Assertion A: The main reason for companies to move to global markets is to take advantages of the economies of scope.
Reason R: Economies of production arise due to the competitiveness Index of the country in which the companies produce.
In light of the above statements, choose the correct answer from the options given below

Correct Answer: (c) A is true but R is false
Solution:

Assertion (A): The main reason for companies to move to global markets is to take advantages of the economies of scopе.
Therefore, Assertion (A) is the true statement.
Reason (R): Economies of production arise due to the competitiveness index of the country in which the companies produce.
Therefore, Reason (R) is the false statement.