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

Total Questions: 100

31. For a project activity, the optimistic, the pessimistic and the most likely times are 4, 14 and 6 days respectively. Its average time is_________.

Correct Answer: (b) 7 days
Solution:

32. In decision analysis, the expected value of perfect information is calculated as_________

Correct Answer: (a) Expected payoff with perfect information minus Expected payoff experimentation.
Solution:

In decision analysis, the expected value of perfect information is calculated as expected payoff with perfect information minus expected payoff without experimentation.

33. Which one of the following is NOT

Correct Answer: (c) Combined rates
Solution:

Non-tariff barrier are various regulations, policies and restrictions used by government to protect domestic industries against foreign competition. It includes various barriers such as Quotas, custom and entry procedure, voluntary export restraint, Import Licensing.

34. Which of the following marketing strategy falls under Geocentric kind of international orientation?

Correct Answer: (b) Global standardization
Solution:

Global standardisation market strategy falls under geocentric kind of international orientation. Under this strategy, companies focus on various plans and marketing technique to promote their product in international market and target global consumes.

35. Which of the following events contributed most to the disruption in the Bretton Woods system?

Correct Answer: (c) Suspension of convertibility of dollar into
Solution:

Bretton Woods conference was convened on 1st July, 1994 with 730 delegates and 44 nations. It led to establishment of International monetary fund (IMF) and International bank for reconstruction and development (IBRD).
Out of the given options, suspension of convertibility of dollar into gold in 1971 by USA president Richard M. Nixon led to distruption in the bretton woods system of fixed exchange rates established at the end of world war II.

36. Which of the following integrations is related to supernational organization structure?

Correct Answer: (d) Economic Integration
Solution:

Economic Integration helps countries overcome divisions that impede the flow of goods services, capital, people and ideas. It is a process through which countries reduce trade barriers among themselves so it is related to supernational Organizational structure.

37. L.C. Gupta's sickness prediction model primarily focused on which of the following?

Correct Answer: (c) EBIT and operating cash flows
Solution:

L.C. Gupta's sickness prediction model explain the difference between sick and non sick companies on the basis of financial ratios. It was based on these four financial metrics.
• EBDIT Sales
• EBDIT TotalAsset
• EBDIT Interest + 0.25 Debt
• Operating cash flow sales.

38. 'Entrepreneur is an innovator playing the role of a dynamic businessman adding material growth to economic development', is articulated by.

Correct Answer: (c) Joseph Schumpeter (1883-1950)
Solution:

'Entrepreneur is an innovator playing the role of a dynamic businessman adding material growth to economic development' is articulated by Joseph Schumpeter.

39. String of activities that moves a product from the raw material stage through manufacturing and distribution, and ultimately to the end user is called.

Correct Answer: (c) Value chain
Solution:

The String of activities that moves a product from the raw material stage through manufacturing and distribution, and ultimately to the end user is called value chain. It describes the full process of business activity in creating a product or service.

40. A metaphor describing the time period in which a firm can realistically enter a new market is called.

Correct Answer: (c) Window of opportunity
Solution:

A metaphor describing the time period in which a firm can easily enter a new market is called Window of opportunity. It is a time period in which a firm can make profitable position in new product market.