UGC NTA NET/JRF Exam, Management, December-2021/June-2022

Total Questions: 100

81. Arrange the following steps in the segmentation process in sequential order:

(A) Determine which demographics, life styles and usage behaviour make the segment distinct and actionable
(B) Create a "value proposition" and product price positioning strategy for each segment
(C) Groups customers into segments based on similar needs and benefits sought by them
(D) Determine overall attractiveness of each segment based on same predetermined criteria
(E) Create 'segment story board' to list the attractiveness of each segment's positioning strategy
Choose the correct answer from the options given below:

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

Steps in the segmentation process in sequential order are:-
• Group customers into segments based on similar needs and benefits sought by them.
• Determine which demographics, life styles and usage behaviour make the segment distinct and actionable.
• Determine overall attractiveness of each segment based on some predetermined criteria.
• Create a "value proposition" and product price positioning strategy for each segment.
• Create 'segment story board' to list the attractiveness of each segments' positioning strategy.

82. Arrange the following modes of entry in foreign markets starting with the mode of entry having least commitment, risk control and profit potential.

(A) Company hires a local manufacturer to produce the product
(B) Company starts exports working through domestic export agents and exports management companies
(C) Company joins hands with local investor and forms a company in which both share ownership and control
(D) Company starts export using domestic export department and overseas sales branch
(E) Company offers a complete brand concept and operating system to an investor in return of certain fee
Choose the correct answer from the options given below:

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

The following modes of entry in foreign markets starting with the mode of entry having least commitment, risk, control and profit potential are:- • Company starts exports working through domestic export agents and exports management companies.
• Company starts export using domestic export department and overseas sales branch.
• Company hires a local manufacturer to produce the product.
• Company offers a complete brand concept and operating system to an investor in return of certain fee.
• Company joins hands with local investor and forms a company in which both share ownership and control.

83. What is the correct sequence of steps involved in the master production schedule preparation?

(A) Obtaining the net requirement of materials
(B) Revising the preliminary master production schedule to accommodate the inadequacy of materials
(C) Obtaining the specification on required production
(D) Assessing the inventory in hand and on order
(E) Determining the gross requirements of material using MRP
Choose the correct answer from the options given below:

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

→ The steps involved in the master production schedule preparation are:-
• Obtaining the specification on required production.
• Determining the gross requirement of materials using MRP.
• Assessing the inventory in hand and on order.
• Obtaining the net requirement of materials.
• Revising the preliminary master production schedule to accommodate the inadequacy of materials.

84. The main processing function of information system are given below. Arrange them in sequencing order.

(A) Process transaction
(B) Maintain Master file
(C) Process enquiry
(D) Process report
(E) Process interaction support applications
Choose the correct answer from the options given below:

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

→ The processing functions of information system in sequencing order are:-

85. The steps involved in development of a project are given below. Arrange them in proper sequence.

(A) Selection of business idea for a detailed analysis from the competing ideas
(B) Project installation and initiation
(C) Feasibility analysis
(D) Identification of investment opportunity
(E) Arrangements for financing
Choose the correct answer from the options given below:

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

The proper sequence of steps involved in development of a project are:-

86. Given below are two statement

Statement-I : Employers use human resource management activities to help employees realize their full career potential.
Statement-II: Employers do this just because they gain by making better utilization of employees potential.
In the light of the above statements, choose the most appropriate answer from the options given below:

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

'Employers use human resource management activities to help employees realize their full career potential' is the correct statement.
"Employers do this just because they gain by making better utilization of employees potential" is incorrect statement because employers use HRM activities not just for better utilization of employees potential but it will also benifits the employees, such as they feel satisfied on working with full potential, their training and development future career prospects with the employer etc.

87. Given below are two statement

Statement-I: Effective channel management calls for selecting intermediaries and training and motivation them in order to build long term partnership
Statement-II: Channel integration must recognize the distinctive strengths of online and offline selling and maximize their joint contributions.
In the light of the above statements, choose the most appropriate answer from the options given below:

Correct Answer: (a) Both statement I and statement II are correct
Solution:

(I) "Effective channel management calls for selecting intermediaries and training and motivating them in order to build long term partnership." is correct statement.
(II) 'Channel integration must recognize the distinctive strengths of online and offline selling and maximize their joint contributions' is correct statement. "Marketing channel decisions are among the most critical decisions facing management."

88. Given below are two statement

Statement-I : Interest coverage ratio indicates how many times fixed interest charges are earned, based on the earnings available to pay these expenses. Statement-II: One minus the reciprocal of interest coverage ratio indicates how far earning could decline before it would be impossible to pay the interest charges from current earnings.
In the light of the above statements, choose the most appropriate answer from the options given below

Correct Answer: (a) Both statement I and statement II are true
Solution:

(I) "Interest coverage ratio indicates how many times fixed interest charges are earned based on the earning available to pay these expenses" is correct statement.
It is determined by dividing the earning before interest and taxes (EBIT) with the interest expenses payable by the company during the same period. (II) "One minus the reciprocal of interest coverage ratio indicates how far earnings could decline before it would be impossible to pay the interest charges from current earnings."is correct statement.

89. Given below are two statement: One is labelled as Assertion A and the other is labelled as Reason R.

Assertion (A) : Sustained current account surplus encourages the government to liberalize imports and capital movements.
Reason (R): The current account and balance of payment positions of a country can significantly influence its economic policies.
In the light of the above statements, choose the most appropriate answer form the options given below

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

Sustained current account surplus encourages the government to liberalize imports and capital movements because the current account and balance of payments positions of a country can significantly influence its economic policies.

90. Given below are two statement: One is labelled as assertion A and the other is labelled as Reason R

Assertion-(A): Median is the middle most item in the set of numbers.
Reason (R): Mode is not unduly affected by extreme values.
In the light of the above statements, choose the most appropriate answer from the options given below:

Correct Answer: (b) Both (A) and (B) are true but (R) is NOT the correct explanation of (A)
Solution:

Assertion (A): Median is the middle most item in the set of numbers is true. Reasons (B) Mode is not unduly effected by extreme values is true.
Both statement are true but their is no relation among both so, (B) is not the explanation of (A).