Business Management Interview Questions And Answers
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Elevate your Business Management interview readiness with our detailed compilation of 36 questions. These questions will test your expertise and readiness for any Business Management interview scenario. Ideal for candidates of all levels, this collection is a must-have for your study plan. Secure the free PDF to access all 36 questions and guarantee your preparation for your Business Management interview. This guide is crucial for enhancing your readiness and self-assurance.
36 Business Management Questions and Answers:
Business Management Job Interview Questions Table of Contents:
1 :: Which scenarios can be considered as a good practice of internal control?
1. the employee who creates a purchase requisition approves the purchase order after the approval of the head of the programme/department (budget manager)
2. the treasurer (cashier) is not the same person who approves the accounts payable invoice.
3. the treasurer (cashier) reconciles the bank account records in the erp system with the bank statements every day, creates and approves correcting entries in the general ledger when necessary.
4. the administrative assistant receives a computer from the vendor for the office and creates a payable invoice.
No 2 only
Read More2 :: Proctor & Gamble (P&G) makes fourteen different laundry soap products and completely dominates the laundry detergent market. Through constant changes in packaging, it is trying to influence the perception of customers that its products are unique. Which of the following generic strategies is P&G using?
a) Cost leadership
b) Differentiation
c) Focus
d) Globalization
e) Niche strategy.
b) Differentiation
Explanation:
In the given example P&G uses the differentiation strategy.
Read MoreExplanation:
In the given example P&G uses the differentiation strategy.
3 :: Tell me which of the following would not be an accurate depiction of the differences between strategic and tactical planning?
a) Strategic planning is developed mainly by upper-level management and tactical planning is generally developed by lower-level management
b) Facts for strategic planning are generally easier to gather than facts for tactical planning
c) Strategic plans generally contain less details than tactical plans
d) Strategic plans generally cover a longer period of time than tactical plans
e) Managers who are engaged in the development of strategic plans tend to work in more uncertainty than those managers engaged in the development of tactical plans.
b) Facts for strategic planning are generally easier to gather than facts for tactical planning
Explanation:
Strategic plan is used to establish overall objectives for the organization and position the organization in terms of its environment. Facts for strategic planning are generally more difficult to gather than facts for tactical planning. Hence, from above discussion, we can infer that option (b) is correct.
Read MoreExplanation:
Strategic plan is used to establish overall objectives for the organization and position the organization in terms of its environment. Facts for strategic planning are generally more difficult to gather than facts for tactical planning. Hence, from above discussion, we can infer that option (b) is correct.
4 :: Using the BCG matrix requires considering which of the following factors?
a) Types of risk associated with product development
b) Threats that economic conditions can create in future
c) Social factors
d) Market shares and growth of markets in which products are selling
e) Political pressures.
d) Market shares and growth of markets in which products are selling
Explanation:
Using the BCG matrix requires considering market shares and growth of markets in which products are selling.
Read MoreExplanation:
Using the BCG matrix requires considering market shares and growth of markets in which products are selling.
5 :: By studying the various approaches to management analysis, we can understand the concept of management and have a better understanding of managerial functions. Which approach to management emphasizes managing people by understanding their individual psychological needs?
a) Empirical approach
b) Decision theory approach
c) Management science approach
d) Interpersonal behavior approach
e) Contingency approach
d) Interpersonal behavior approach
Explanation:
Interpersonal Behavior Approach to management emphasizes managing people by understanding their individual psychological needs. Hence, from above discussion, we can infer that option (d) is correct.
Read MoreExplanation:
Interpersonal Behavior Approach to management emphasizes managing people by understanding their individual psychological needs. Hence, from above discussion, we can infer that option (d) is correct.
6 :: Immoral management not only ignores ethical concerns, but also actively opposes ethical behavior. Organizations with immoral management is/are characterized by
I. Total concern for company profits only.
II. Laws are regarded as hurdles to be removed.
III. Less inclination to minimize expenditure.
a) Only (I) above
b) Only (II) above
c) Both (I) and (II) above
d) Both (I) and (III) above
e) All (I), (II) and (III) above.
c) Both (I) and (II) above
Explanation:
Immoral management not only ignores ethical concerns, but also actively opposes ethical behavior. Organizations with immoral management are characterized by:
★ Total concern for company profits only.
★ Laws are regarded as hurdles to be removed.
★ Strong inclination to minimize expenditures.
Hence, option (c) is the correct answer.
Read MoreExplanation:
Immoral management not only ignores ethical concerns, but also actively opposes ethical behavior. Organizations with immoral management are characterized by:
★ Total concern for company profits only.
★ Laws are regarded as hurdles to be removed.
★ Strong inclination to minimize expenditures.
Hence, option (c) is the correct answer.
7 :: JIT (Just-In-Time) inventory control is an approach to inventory control, which stipulates that materials should arrive just, as they are needed, in the production process. Which of the following would generally not be associated with a successful JIT program, for the purpose of inventory control?
a) Well-organized receiving and handling of materials purchased from suppliers
b) Strong management commitment
c) Suppliers located in diverse and distant locations
d) High quality of materials purchased from suppliers
e) Dependable and long-lasting relationships with suppliers and customers.
c) Suppliers located in diverse and distant locations
Explanation:
A successful JIT program requires that suppliers be located in close proximity of the company, so that materials can arrive as and when needed.
Hence from above discussion, we can infer that option (c) would generally not be associated with a successful JIT program. Options (a), (b), (d) and (e) would all be associated with a successful JIT program.
Read MoreExplanation:
A successful JIT program requires that suppliers be located in close proximity of the company, so that materials can arrive as and when needed.
Hence from above discussion, we can infer that option (c) would generally not be associated with a successful JIT program. Options (a), (b), (d) and (e) would all be associated with a successful JIT program.
8 :: Two factor theory of motivation provides useful insights into the relationship between individual and situational or hygiene factors. Which of the following is a hygiene factor?
a) Achievement
b) Interpersonal relations
c) Recognition
d) Challenging work
e) Increased responsibility.
b) Interpersonal relations
Explanation:
Interpersonal relationships can be considered as a hygiene factor under Two factor theory.
Read MoreExplanation:
Interpersonal relationships can be considered as a hygiene factor under Two factor theory.
9 :: The behavioral approach of management thoughts can be classified into:
I. Bureaucratic management.
II. Group influences.
III. Hawthorne studies.
IV. Contingency theory.
a) Both (I) and (II) above
b) Both (I) and (III) above
c) Both (II) and (III) above
d) (I), (II) and (III) above
e) (II), (III) and (IV) above.
c) Both (II) and (III) above
Explanation:
The behavioral approach of management thoughts can be classified into
· Group influences
· Hawthorne studies.
Read MoreExplanation:
The behavioral approach of management thoughts can be classified into
· Group influences
· Hawthorne studies.
10 :: Identify the sequence of different steps in controlling:
I. Measurement of performance.
II. Comparison of actual and standard.
III. Analysis of causes of deviation.
IV. Actual performance.
V. Corrective action plan.
a) (III), (IV), (V), (I), (II)
b) (II), (III), (IV), (V), (I)
c) (I), (II), (IV), (III), (V)
d) (IV), (I), (II), (III), (V)
e) (V), (IV), (III), (II), (I).
d) (IV), (I), (II), (III), (V)
Explanation:
The steps in controlling are actual performance, measurement of performance, comparison of actual and standard. Analysis of courses of deviation and corrective action plan. (d) is correct answer.
Read MoreExplanation:
The steps in controlling are actual performance, measurement of performance, comparison of actual and standard. Analysis of courses of deviation and corrective action plan. (d) is correct answer.
11 :: The fact that 70-80 percent of a manager's time is taken up by his interactions with others, highlights the need for effective communication for successful management. Which of the following strategies is not likely to improve communication effectiveness?
a) Avoiding non-verbal cues
b) Using simple, unambiguous language
c) Using active listening techniques
d) Using appropriate and consistent nonverbal cues
e) Using the feedback loop in the communication process.
a) Avoiding non-verbal cues
Explanation:
Avoiding non-verbal cues is not likely to improve communication effectiveness. Rather, non-verbal cues are very important for effective communication as they often help in understanding the hidden feelings in people.
Hence, from above discussion, we can infer that option (a) is correct.
Read MoreExplanation:
Avoiding non-verbal cues is not likely to improve communication effectiveness. Rather, non-verbal cues are very important for effective communication as they often help in understanding the hidden feelings in people.
Hence, from above discussion, we can infer that option (a) is correct.
12 :: ABC works for "Energy Engineering Works." Apart from the regular compensation, the company provides him with things such as tuition reimbursement, recreational opportunities etc. What is the name given to these things of value?
a) Incentives
b) Benefits
c) Rewards
d) Compensation
e) Social benefits.
b) Benefits
Explanation:
The term associated with things such as tuition reimbursement, recreational opportunities etc is benefits which is provided apart form the regular compensation. i.e. Benefits are forms of supplementary compensation. They represent monetary and non-monetary payments over and above the wages paid. (a) Incentives represent special compensation opportunities that are usually tied to performance. (c) Rewards are given in recognition of specific achievements whereas social benefits in the form of say club memberships are given to enhance the employee status. (d) Compensation is the financial remuneration given by the organization to its employers for their work.
Read MoreExplanation:
The term associated with things such as tuition reimbursement, recreational opportunities etc is benefits which is provided apart form the regular compensation. i.e. Benefits are forms of supplementary compensation. They represent monetary and non-monetary payments over and above the wages paid. (a) Incentives represent special compensation opportunities that are usually tied to performance. (c) Rewards are given in recognition of specific achievements whereas social benefits in the form of say club memberships are given to enhance the employee status. (d) Compensation is the financial remuneration given by the organization to its employers for their work.
13 :: The conflict-resolution approach that corresponds with a high level of assertiveness and a low level of cooperativeness, is referred to as:
a) Compromising
b) Collaborating
c) Forcing
d) Avoiding
e) Accommodating.
c) Forcing
Explanation:
The conflict-resolution approach that corresponds with a high level of assertiveness and a low level of cooperativeness, is referred to as Forcing. Hence, from above discussion, we can infer that option (c) is correct.
Read MoreExplanation:
The conflict-resolution approach that corresponds with a high level of assertiveness and a low level of cooperativeness, is referred to as Forcing. Hence, from above discussion, we can infer that option (c) is correct.
14 :: Which of the following statements concerning grapevine is not correct?
a) Grapevine is generally used irregularly in organizations
b) Grapevine can and often does generate harmful rumors
c) Grapevine is used largely to serve the self-interests of people within it
d) Some managers use grapevine to their advantage
e) In time, and with proper pressure, grapevine can be eliminated.
e) In time, and with proper pressure, grapevine can be eliminated.
Explanation:
Grapevine is an integral part of organizational communication and hence cannot be eliminated.
Read MoreExplanation:
Grapevine is an integral part of organizational communication and hence cannot be eliminated.
15 :: Which of the following would not be an accurate depiction of the differences between strategic and tactical planning?
a) Strategic planning is developed mainly by upper-level management and tactical planning is generally developed by lower-level management
b) Facts for strategic planning are generally easier to gather than facts for tactical planning
c) Strategic plans generally contain less details than tactical plans
d) Strategic plans generally cover a longer period of time than tactical plans
e) Managers who are engaged in the development of strategic plans tend to work in more uncertainty than those managers engaged in the development of tactical plans.
b) Facts for strategic planning are generally easier to gather than facts for tactical planning
Explanation:
Strategic plan is used to establish overall objectives for the organization and position the organization in terms of its environment. Facts for strategic planning are generally more difficult to gather than facts for tactical planning. Hence, from above discussion, we can infer that option (b) is correct.
Read MoreExplanation:
Strategic plan is used to establish overall objectives for the organization and position the organization in terms of its environment. Facts for strategic planning are generally more difficult to gather than facts for tactical planning. Hence, from above discussion, we can infer that option (b) is correct.
16 :: The communication process is made up of various components. Which of the following is the actual physical product from the source?
a) Feedback
b) Filter
c) Message
d) Channel
e) Understanding.
c) Message
Explanation:
The communication process is made up of various components. The message is the actual physical product from the source encoding. Hence, from above discussion, we can infer that option (c) is correct.
Read MoreExplanation:
The communication process is made up of various components. The message is the actual physical product from the source encoding. Hence, from above discussion, we can infer that option (c) is correct.
17 :: In the past three to four decades, many management theorists, and writers have made remarkable contribution in the study of management. By studying the various approaches to management analysis, we can understand the concept of management and have a better understanding of managerial functions. Which approach to management emphasizes managing people by understanding their individual psychological needs?
a) Empirical Approach
b) Decision Theory Approach
c) Management Science Approach
d) Interpersonal Behavior Approach
e) Contingency Approach.
d) Interpersonal Behavior Approach
Explanation:
Interpersonal Behavior Approach to management emphasizes managing people by understanding their individual psychological needs. Hence, from above discussion, we can infer that option (d) is correct.
Read MoreExplanation:
Interpersonal Behavior Approach to management emphasizes managing people by understanding their individual psychological needs. Hence, from above discussion, we can infer that option (d) is correct.
19 :: Why the value of rupee decreasing or i can say fluctuate compare to dollar please explain it?
bcoz our country doesnt had dollers,DOLLERS HAD BIG DEMAND
so price value comes down & now a days foriegn
institutional investors(FII) not going to invest in our
country by dollers tis s also a reason of tat,spain,greece
country currency was very much depreciated so those people
in tat country planned to invest a money in dollers.
Read Moreso price value comes down & now a days foriegn
institutional investors(FII) not going to invest in our
country by dollers tis s also a reason of tat,spain,greece
country currency was very much depreciated so those people
in tat country planned to invest a money in dollers.
21 :: I am a non bca candidate. so why pharmaceutical company are select me?
marketing does not require specialty in the stream. the
person dealing with the product must have convincing power
with respect to the product and fulfill the desire of the
concern person
Read Moreperson dealing with the product must have convincing power
with respect to the product and fulfill the desire of the
concern person
22 :: What is your first task as a marketing officer?
According to me i will first identify the need of my customer second when they are in need of my services and how effectively i can satisfy their need under the organizational structure.
Read More23 :: What are your strengths & weakness?
1:- STRENGTHS
1. My strengths are that I always try to learn from my
mistakes.
2. I work patiently to get a good result.
3. I am friendly with everyone.
4. Easily adapt any critical situation
5. I am very punctual of time.
WEAKNESS
1. My weakness is I expect perfection in everything.
2. I don't feel comfortable until I finish my work.
3. Not fluent in English at my confidence level.
Read More1. My strengths are that I always try to learn from my
mistakes.
2. I work patiently to get a good result.
3. I am friendly with everyone.
4. Easily adapt any critical situation
5. I am very punctual of time.
WEAKNESS
1. My weakness is I expect perfection in everything.
2. I don't feel comfortable until I finish my work.
3. Not fluent in English at my confidence level.
25 :: The first muslim invader in India was?
Muhammad-bin-Qasim
