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 :: Why should you be selected in company?
Because i have the capability to participate in work which
lead the company to achieve its goal
Read Morelead the company to achieve its goal
2 :: What are your hobbies?
it is most frequently question ask by any interviewer bt the most important thing in this question is that we should show our real hobbies rather than artificial in which we actively participate and have a profound knowledge about that.............
Read More3 :: How you choose commerce as a stream?
Because my interest in the business line so i want to adopt
the commerce stream
Read Morethe commerce stream
4 :: What is the differentiate between tailormade homemade and readymade?
tailormade means making the things by giving orders
home made is making thing ourselves
readymade is buying the things that already made
Read Morehome made is making thing ourselves
readymade is buying the things that already made
5 :: What is the difference between PROVISION & RESERVE?
PROVISION : Provision is a charge to P&L a/c.
RESERVE : Reserve is an appropriation of profit.
provision : it is because of legal necessity.
reserve : it is a matter of finavial prudence.
provision : creation of provision decreases the funds of
the business.
reserve : creation of reserve increases the working capital
of the business.
provision : can be made irrespective of profit / loss
reserve : cannot be made when there is loss.
provision : are made against expected losses.
reserve :safe guard against unexpected losses and there by
to strengthen the financial position of the company
Read MoreRESERVE : Reserve is an appropriation of profit.
provision : it is because of legal necessity.
reserve : it is a matter of finavial prudence.
provision : creation of provision decreases the funds of
the business.
reserve : creation of reserve increases the working capital
of the business.
provision : can be made irrespective of profit / loss
reserve : cannot be made when there is loss.
provision : are made against expected losses.
reserve :safe guard against unexpected losses and there by
to strengthen the financial position of the company
6 :: Why did you chose this specialization(finance,HR)?
i am interested in finance actually i like to play with
numbers and i want to take challenges in my life.
Read Morenumbers and i want to take challenges in my life.
7 :: What is basic difference between FII & FDI?
In FII, d foreign investment is mk thru any intermediary means
any institution is thr b/w investor or domestic co.,
bt in FDI, investment is directly md thru joint venture or in collaboration wid any domestic co.
simply means in fdi, investment can be made directly.........
Read Moreany institution is thr b/w investor or domestic co.,
bt in FDI, investment is directly md thru joint venture or in collaboration wid any domestic co.
simply means in fdi, investment can be made directly.........
8 :: Why do you choose marketing?
Marketing is a wide concept and is involved in every
department of an organization. It involves a close
organised study of market aligned with all functional
departments. It provides a fair oppurtunity to enter into
the market from TARGET MARKET till AFTER SALE SERVICE for
the exisiting firm or from PRODUCT DESIGN till AFTER SALE
SERVICE for NEW FIRMS.
Marketing has many dimensions and verticals, which make it
the most important and critical factor for an organization
for the existence in the competative world.
Read Moredepartment of an organization. It involves a close
organised study of market aligned with all functional
departments. It provides a fair oppurtunity to enter into
the market from TARGET MARKET till AFTER SALE SERVICE for
the exisiting firm or from PRODUCT DESIGN till AFTER SALE
SERVICE for NEW FIRMS.
Marketing has many dimensions and verticals, which make it
the most important and critical factor for an organization
for the existence in the competative world.
9 :: What do you do after losing current job without information?
firstly , you should get angrry & settle all ur salary and
incentives then try new job without frusteting.
Read Moreincentives then try new job without frusteting.
11 :: What is All About sales?
Sales is about generating prospects,evaluating them for
business opportunities,getting the requirement from them and
providing adequate solutions so that it gets convertd into
Revenues for the company.
Sales is about developing and closing business deals and
earn profits.
Read Morebusiness opportunities,getting the requirement from them and
providing adequate solutions so that it gets convertd into
Revenues for the company.
Sales is about developing and closing business deals and
earn profits.
14 :: 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.
15 :: 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 More16 :: 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
18 :: 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.
20 :: 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.
21 :: 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.
22 :: 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.
23 :: 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.
24 :: 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.
25 :: 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.