203 Human Resource Management HRM | MBA MCQs | SPPU

Multiple Choice Questions (MCQ) with Answers on Human Resource Management (HRM)

        Human Resource Management (HRM) is the term used to describe formal systems devised for the management of people within an organization. It is a function in the organizations designed to maximize employee performance in service of an employer's strategic objectives. HR is primarily concerned with the management of people within organizations, focusing on policies and on systems. Essentially, the purpose of HRM is to maximize the productivity of an organization by optimizing the effectiveness of its employees. This mandate is unlikely to change in any fundamental way, despite the ever-increasing pace of change in the business world.

   HR departments and units in organizations typically undertake a number of activities, including employee benefits design, employee recruitment, training and development, performance appraisal, and rewarding (e.g., managing pay and benefit systems). HR also concerns itself with organizational change and industrial relations, that is, the balancing of organizational practices with requirements arising from collective bargaining and from governmental laws.      

CHAPTER 1 - Introduction to HRM & Framework 

Human Resource Management MCQs | Chapter 1 | Part 1 

Human Resource Management MCQs  | Chapter 1 | Part 2

Human Resource Management MCQs  | Chapter 1 | Part 3

Human Resource Management MCQs | Chapter 1 | Part 4

Human Resource Management MCQs  | Chapter 1 | Part 5

CHAPTER 2 - HR Procurement

Human Resource Management MCQs | Chapter 2 | Part 1

Human Resource Management MCQs | Chapter 2 | Part 2

Human Resource Management MCQs | Chapter 2 | Part 3

Human Resource Management MCQs | Chapter 2 | Part 4

Human Resource Management MCQs | Chapter 2 | Part 5

CHAPTER 3 - Training and Development

Human Resource Management MCQs | Chapter 3 | Part 1

Human Resource Management MCQs | Chapter 3 | Part 2

Human Resource Management MCQs | Chapter 3 | Part 3

Human Resource Management MCQs | Chapter 3 | Part 4

Human Resource Management MCQs | Chapter 3 | Part 5

CHAPTER 4 - Employee Appraisal & Compensation

Human Resource Management MCQs | Chapter 4 | Part 1

Human Resource Management MCQs | Chapter 4 | Part 2

Human Resource Management MCQs | Chapter 4 | Part 3

Human Resource Management MCQs | Chapter 4 | Part 4

Human Resource Management MCQs | Chapter 4 | Part 5

CHAPTER 5 - Managing Employee Relations: 

Human Resource Management MCQs | Chapter 5 | Part 1

Human Resource Management MCQs | Chapter 5 | Part 2

Human Resource Management MCQs | Chapter 5 | Part 3

Human Resource Management MCQs | Chapter 5 | Part 4

Human Resource Management MCQs | Chapter 5 | Part 5

204 Decision Science | MBA MCQs | SPPU | DS

CHAPTER 1 – 

 1.1 Introduction: Importance of Decision Sciences & Role of quantitative techniques in decision making.

1.2 Assignment Models: Concept, Flood’s Technique/ Hungarian Method, applications including restricted & multiple assignments.

1.3 Transportation Models: Concept, Formulation, Problem types: Balanced, unbalanced, Minimization, Maximization Basic initial solution using North West Corner, Least Cost & VAM, Optimal Solution using MODI.

 Decision Science | Chapter 1 | Part 1

 Decision Science | Chapter 1 | Part 2

 Decision Science | Chapter 1 | Part 3

 Decision Science | Chapter 1 | Part 4

 Decision Science | Chapter 1 | Part 5

CHAPTER 2 - 

 2.1 Linear Programming: Concept, Formulation & Graphical Solution

2.2 Markov Chains & Simulation Techniques: Markov chains: Applications related to management functional areas, Implications of Steady state Probabilities, Decision making based on the inferences Monte Carlo Simulation, scope and limitations.

 Decision Science | Chapter 2 | Part 1

 Decision Science | Chapter 2 | Part 2

 Decision Science | Chapter 2 | Part 3

 Decision Science | Chapter 2 | Part 4

 Decision Science | Chapter 2 | Part 5

CHAPTER 3 - 

3.1 Decision Theory: Concept, Decision under risk (EMV)& uncertainty

3.2 Game Theory: Concept,2 by 2 zero sum game with dominance, Pure & Mixed Strategy

3.3 Queuing Theory: Concept, Single Server ( M/M/I , Infinite, FIFO) and Multi Server (M/M/C , Infinite, FIFO)

 Decision Science | Chapter 3 | Part 1

 Decision Science| Chapter 3 | Part 2

 Decision Science | Chapter 3 | Part 3

 Decision Science | Chapter 3 | Part 4

 Decision Science | Chapter 3 | Part 5

CHAPTER 4 – 

4.1 CPM & PERT: Concept, Drawing network, identifying critical path

Network Calculations: Calculating EST, LST, EFT, LFT, Slack & probability of project completion

4.2 Sequencing problems: Introduction, Problems involving n jobs- 2 machines, n jobs- 3 machines & n jobs-m machines; Comparison of priority sequencing rules.

 Decision Science | Chapter 4 | Part 1

 Decision Science | Chapter 4 | Part 2

 Decision Science | Chapter 4 | Part 3

 Decision Science | Chapter 4 | Part 4

 Decision Science | Chapter 4 | Part 5

CHAPTER 5 –

5.1 Probability: Concept, Addition, Conditional Probability theorem based decision making, (Numerical based on functional areas of business expected).

5.2 Probability Distributions: Normal, Binomial. Interval estimation, standard errors of estimation.

 Decision Science | Chapter 5 | Part 1

 Decision Science | Chapter 5 | Part 2

 Decision Science | Chapter 5 | Part 3

 Decision Science | Chapter 5 | Part 4

 Decision Science | Chapter 5 | Part 5

101 Accounting for Business Decisions | MBA MCQs | SPPU

Multiple Choice Questions (MCQ) with Answers on Accounting for Business Decisions (ABD)

          

CHAPTER 1 - Basic Concepts

Accounting for Business Decisions MCQs | Chapter 1 | Part 1 

Accounting for Business Decisions MCQs  | Chapter 1 | Part 2

Accounting for Business Decisions MCQs  | Chapter 1 | Part 3

Accounting for Business Decisions MCQs | Chapter 1 | Part 4

Accounting for Business Decisions MCQs  | Chapter 1 | Part 5

CHAPTER 2 - Understanding of Financial Statements

Accounting for Business Decisions MCQs | Chapter 2 | Part 1

Accounting for Business Decisions MCQs | Chapter 2 | Part 2

Accounting for Business Decisions MCQs | Chapter 2 | Part 3

Accounting for Business Decisions MCQs | Chapter 2 | Part 4

Accounting for Business Decisions MCQs | Chapter 2 | Part 5

CHAPTER 3 - Cost Accounting

Accounting for Business Decisions MCQs | Chapter 3 | Part 1

Accounting for Business Decisions MCQs | Chapter 3 | Part 2

Accounting for Business Decisions MCQs | Chapter 3 | Part 3

Accounting for Business Decisions MCQs | Chapter 3 | Part 4

Accounting for Business Decisions MCQs | Chapter 3 | Part 5

CHAPTER 4 - Cost Control

Accounting for Business Decisions MCQs | Chapter 4 | Part 1

Accounting for Business Decisions MCQs | Chapter 4 | Part 2

Accounting for Business Decisions MCQs | Chapter 4 | Part 3

Accounting for Business Decisions MCQs | Chapter 4 | Part 4

Accounting for Business Decisions MCQs | Chapter 4 | Part 5

CHAPTER 5 - Decision making tools

Accounting for Business Decisions MCQs | Chapter 5 | Part 1

Accounting for Business Decisions MCQs | Chapter 5 | Part 2

Accounting for Business Decisions MCQs | Chapter 5 | Part 3

Accounting for Business Decisions MCQs | Chapter 5 | Part 4

Accounting for Business Decisions MCQs | Chapter 5 | Part 5

102 Economic Analysis for Business Decisions | Savitribai Phule Pune University | MBA

1. In the circular-flow diagram,

a. Spending on goods and services flow from firms to households.

b. Goods and services flow from households to firms.

c. Factors of production flow from firms to households.

d. Income from factors of production flows from firms to households.

2. Scarcity is a condition that exists when

a. There is a fixed supply of resources.

b. There is a large demand for a product.

c. Resources are not able to meet the entire demand for a product.

d. All of the above.

3. Company goals that are concerned with creating employee and customer satisfaction and maintaining a high degree of social responsibility are called ___________ objectives.

a. Social b. Noneconomic c. Welfare d. Public Relations

4. The value of an entrepreneur‟s resources that she uses in production are known as:

a. Explicit costs. b. Sunk costs. c. Operating expenses. d. Technological expenses. e. Implicit costs.

5. One of the most important differences between a firm‟s economic profit and its accounting profit is the subtraction of:

a. Costs incurred when hiring labor, capital, and land.

b. Any explicit cost incurred by the entrepreneur for risk taking.

c. Any implicit charges for the use of capital owned by the entrepreneur.

d. Any taxes on the retained earnings of the firm.

e. The costs of distributing the firm‟s output.

6. Which of the following is true regarding the circular flow model?
a. Households provide the demand for the factor market and business provide the supply for the goods and services market.
b. Households provide the demand for the goods and service market and business provides the supply for the factor market.
c. Households provide the supply for the factor market and business provides the supply for the goods and service market
d. Households provide both the supply and demand for the goods and services market

7. Income and revenues that are created within a country
a. always will remain within that country
b. Can leave that country only when goods are exported.
c. Can leave that country when goods are imported
d. Can leave that country when capital flows into that country's financial institutions.

8. In a circular flow model, the real variables are:
a. Money that flows from the factor market to the households.
b. Only the goods and services that are produced.
c. Only the resources that are used.
d. Both the goods and services produced and the resources that are used.

9. Money is
a. Backed by gold in Fort Knox b. The same as income.
c. The value of all coins and currency in circulation at any time.
d. Anything that is generally accepted as a medium of exchange.

10. The development of money as a medium of exchange has facilitated the expansion of trade because
a. Holding money increases people's income b. No other mediums of exchange are available
c. Money eliminates the "double coincidence of wants" problem
d. Holding money increases people's wealth

11. As the interest rate falls, people hold ________ money instead of bonds because the opportunity cost of holding money has ________.
a. More; fallen b. More; risen c. Less; fallen d. Less; risen

12. Ceteris paribus is the Latin expression for
a. A statement about the way the economic world ought to be.
b. An expression that means "other things being equal."
c. The (false) statement that what is true of the parts is true of the whole or what is true of the whole is true of the parts.
d. The error of reasoning that a first event causes a second event because the first event occurred before the second event.

13. Opportunity cost means
a. The accounting cost minus the marginal benefit. b. The highest-valued alternative forgone.
c. The monetary costs of an activity. d. The accounting cost minus the marginal cost

14. Economics is best defined as the study of how people, businesses, governments, and societies
a. Make choices to cope with scarcity. b. Attain wealth.
c. Choose abundance over scarcity. d. Use their infinite resources.

15. Scarcity requires that people must
a. Trade. b. Compete. c. Cooperate. d. Make choices

16. Microeconomics focuses on all of the following EXCEPT
a. The effect of increasing the money supply on inflation.
b. The purchasing decisions that an individual consumer makes.
c. The effect of an increase in the tax on cigarettes on cigarette sales.
d. The hiring decisions that a business makes.

17. Entrepreneurs do all of the following EXCEPT
a. Bear risk from business decisions.
b. Own all the other resources.
c. Come up with new ideas about what, how, when and where to produce.
d. Organize labor, land, and capital.

18. Principal Agent Problem is related to…….
a. Managers and Owner s b. Suppliers and Buyers
c. Producers and Sellers d. LIC Agents

103 Legal Aspects of Business | Savitribai Phule Pune University | MBA

104 Business Research Methods | Savitribai Phule Pune University | MBA

105 Organizational Behaviour | Savitribai Phule Pune University | MBA

106 Basics of Marketing | Savitribai Phule Pune University | MBA

201 Marketing Management | MBA MCQs | SPPU

Multiple Choice Questions (MCQ) with Answers on Marketing Management (MM)

      Management Guru Philip Kotler defines marketing as “Marketing Management is the analysis, planning, implementation and control of programmes designed to bring about the desired exchanges with target audiences for the purpose of personal and mutual gain. It relies heavily on adoption and coordination of the product, price, promotion and place for achieving response”: In other words, a business discipline, which is focused on the practical application of marketing techniques and the management of a firm’s marketing resources and activities, is Marketing Management. Marketing Management focuses upon the psychological and physical factors of Marketing. The Marketing managers are responsible for influencing the level, timing, and composition of customer demand accepted definition of the term. While the psychological factors focus upon discovering the needs and wants of the consumer and the changing patterns of buying behavior, habit etc. the physical factors focus upon fulfilling those needs and demands buy better product design, channel of distribution and other functions. In summary, Marketing in action is marketing Management. Marketing Management has the responsibility of to perform many functions in the field of marketing such as planning, organizing, directing, motivating, coordinating and controlling. All these function aim to achieve the marketing goals.    
        Marketing Management is a programme which inculcates students with an understanding of marketing strategies, practices and new techniques as per consumer behavior. Usually offered as a specialization within a management programme, marketing management helps students in learning about the marketing process which involves planning, pricing and promoting the goods and services to the target market. The programme focuses on areas like promotional techniques, cost cutting mechanisms as well as customer creation and retention by careful analysis and forecasting of market situations. Students can also understand the role of marketing in other areas of an organization like production, sales & distribution, operations etc through a course in Marketing Management.

CHAPTER 1 - New Product Development & Product Life Cycle

1.1 New Product Development :Need for new product development, Booz Allen &Hamilton Classification Scheme for New Products

1.2 New Product Development Process: Idea Generation to commercialization.

1.3 Branding: Introduction to Branding, Product Vs. Brand, Meaning of a brand, brand equity & brand elements.

1.4 Packaging & Labeling: Meaning & role of Packaging & Labeling, Primary, Secondary & Shipment packages

1.5 Product Life Cycle: Concept & characteristics of Product Life Cycle, Relevance of PLC, Types of PLC and Strategies across stages of the PLC

Marketing Management | Chapter 1 | Part 1

Marketing Management | Chapter 1 | Part 2

Marketing Management | Chapter 1 | Part 3

Marketing Management | Chapter 1 | Part 4

Marketing Management | Chapter 1 | Part 5

CHAPTER 2 - Price 

2.1 Pricing Basics: Meaning, Importance and Factors influencing pricing decisions

2.2 Setting the Price: Setting pricing objectives, Determining demand, Estimating costs, Analyzing competitors’ pricing, Selecting pricing method, Selecting final price.

2.3 Adapting the Price: Geographical pricing, Price discounts & allowances, Promotional pricing, Differentiated pricing,

2.4 Price Change: Initiating & responding to price changes.

Marketing Management | Chapter 2 | Part 1

Marketing Management | Chapter 2 | Part 2

Marketing Management | Chapter 2 | Part 3

Marketing Management | Chapter 2 | Part 4

Marketing Management | Chapter 2 | Part 5

CHAPTER 3 - Place 

3.1 The Role of Marketing Channels: Channel functions & flows, channel levels.

3.2 Channel Design Decisions: Analyzing customers’ desired service output levels, establishing objectives &constraints, Identifying & evaluating major channel alternatives

3.3 Channel Options: Introduction to Wholesaling, Retailing, Franchising, Direct marketing , E- Commerce Marketing Practices

3.4 Market Logistics Decisions: Order processing, Warehousing, Inventory, and Transportation.

Marketing Management | Chapter 3 | Part 1

Marketing Management | Chapter 3 | Part 2

Marketing Management | Chapter 3 | Part 3

Marketing Management | Chapter 3 | Part 4

Marketing Management | Chapter 3 | Part 5

CHAPTER 4 - Promotion

4.1 Introduction: The role of marketing communications in marketing effort.

4.2 Communication Mix Elements: Introduction to Advertising, Sales Promotion, Personal Selling, Public Relations, Direct Marketing. Concept of Integrated Marketing Communications (IMC)

4.3 Developing Effective Communication: Identifying target audience, determining communication objectives, designing the communications, selecting communication channels

4.4 Deciding Marketing Communications Mix: Factors in setting marketing communication mix, measuring communication results

Marketing Management | Chapter 4 | Part 1

Marketing Management | Chapter 4 | Part 2

Marketing Management | Chapter 4 | Part 3

Marketing Management | Chapter 4 | Part 4

Marketing Management | Chapter 4 | Part 5

CHAPTER 5 - Marketing Planning & Control: 

5.1 Product Level Planning: Preparation & evaluation of a product level marketing plan, Nature & contents of Marketing Plans- Executive Summary, Situation Analysis, Marketing Strategy, Financials, Control.

5.2 Marketing Evaluation & Control: Concept, Process & types of control -Annual Plan Control, Profitability Control, Efficiency Control, Strategic Control, Marketing audit.

Marketing Management | Chapter 5 | Part 1

Marketing Management | Chapter 5 | Part 2

Marketing Management | Chapter 5 | Part 3

Marketing Management | Chapter 5 | Part 4

Marketing Management | Chapter 5 | Part 5