Federal Public Service Commission FPSC CSS 2014 Exam Preparation Business Administration Mcqs

Federal Public Service Commission FPSC CSS 2014 Exam Preparation Business Administration Mcqs 
 CSS 2014 Exam Preparation Business Administration Mcqs 

(1)       The key inputs into Discounted Cash Flow analysis are projected future cash flows.
(2)       Market demand for a product is the total volume that would be sold by a defined
customer group. (False)
(3)       Operational plans apply to the entire organization and establish the organization‟s
overall goals. (False)
(4)       Preferred stock has a fixed divided paid every period forever so preferred stock is
essentially a perpetuity.(True)
(5)       The cost of debt is the return that the firm‟s debtors demand on new
(6)       With the Internal Rate of Return, we try to find a single rate of return that
summarizes the merits of a project. (True)
(7)       IBM is example of a manufacturer brand. (True)
(8)       Modifying job responsibilities is an example of structural change.(False)
(9)       ———- is a statement reporting the effects of a firm‟s operating, investing and
financing activities on cash flows over an accounting period.
a.       Income statement
b.       Annual report
c.         Cash flow statement
d.       Balance sheet
e.       None of these
(10)    ———- studied five chief executives at work and identified ten managerial roles.
a.       Max weber
b.       Henry fayol
c.         Henry mintzberg
d.       Fredrick taylor
e.       Michael porter
(11)    A product life cycle —————–.
a.       Shows how a product sales or profits may rise or fall over its life
b.       Tells you how long a product will sell for and make a profit
c.       Is divided into three stages
d.       Show how profitable a product will
e.       None of these
(12)    All of the following are fixed assets except
a.       Building
b.       Stocks
c.       Production plant
d.       Vehicles
(13)    What is the influencing environmental factor when interest rates increase and firms
find it difficult to borrow funds
a.       Political factor
b.       Social factor
c.       Economic factor
d.       Technological factor
e.       Competitive factor
(14)    Which of the following is not a market entry strategy
a.       Licensing
b.       Indirect exporting
c.       Joint venture
d.       International marketing
e.       None of these
(15)    ———— is information about physical working conditions, work schedule and the
organizational and social context of the job.
a.       Job specification
b.         Job context
c.       Work activities
d.       HR policy manual
e.       None of these
(16)    The liquidity of a firm is a measure of —————
a.       Its ability to pay bills
b.       Its ability to respond to changes in demand
c.       How flexible it is in its production plannning
d.       How quickly and easily a firm could relocate to another site
e.       None of these
(17)    Market share means —————
a.       How well a firm is doing
b.       How much power a firm has in the market
c.       How many firms are there in the market
d.       How big a market is
e.       None of these
(18)     ————– refers to a management philosophy that requires employers to
continuously set and relentlessly meet ever high quality, cost , delivery and
availability goals.
a.       Performance management
b.       Performance appraisal
c.         Continuous improvement
d.       Management by objective
e.       None of these
(19)    Beta ————.
a.       Is a measure of firm specific risk
b.         Is a measure of market risk
c.       Is a measure of total risk
d.       All of these
e.       None of these
(20)    What is the price of a stock that is expected to pay a 1.00 divided next year if the
cost of capital is 14% and the growth rate is zero
a.       7.14
b.       6.75
c.       11.9
d.       6.13
e.       None of these
(1)      You wish to borrow $ 8000 to be repaid in 24 monthly installments at an annual
interest rate of 8%. What is your monthly payment?
a)       $ 262.82
b)       $ 361.82
c)       $ 150.5
d)       $ 325.00
e)        none
(2)      If you invest $ 600 every six months at 8% compounded semi annually, how much
would you accumulate at the end of 10 years?
a)       $ 15,883.20
b)       $ 16,926.82
c)        $ 17, 866.85
d)       $ 18,233.45
e)       None
(3)      A commercial bank will loan you $ 12,250 for three years to buy a car. The loan
must be repaid in 36 equal monthly payments. The annual interest rate on the loan I
s 12% of the unpaid balance. How large are the monthly payments?
a)       $425.00
b)       $350.67
c)       $375.09
d)       $406.88
e)        none
(4)      What is the future value of $500 investment, with a stated rate of 6% compounded
monthly for 7 years.
a)       700
b)       730
c)        760
d)       790
e)       none
(5)      You are considering investing in a preferred stock that has a dividend of $ 3.25 per
share. The market price of this stock is $ 48.625. What is the rate of return you
would expect to make on this perpetuity?
a)        6.68%
b)       6.24%
c)       6.05%
d)       6.28%
e)       none
(6)      What is not a disadvantage of traditional file processing system?
a)       Program-data dependence
b)        Reduce data redundancy
c)       Limited data sharing
d)       Lengthy development time
e)       none
(7)      An enterprise data model is a (n) _______ model.
a)       numerical
b)       mathematical
c)       narrative
d)        graphical
e)       none
(8)      Which is not a component of relational database?
a)       Entity
b)       Table
c)       Attribute
d)        Hierarchy
e)       none
(9)      Data base application can be divided into 5 categories. Which is NOT a database
application category?
a)       Personal
b)       Department
c)       Enterprise
d)        Relational
e)       none
(10)    A data base that supports organization wide operations and decision making is a (n)
________ database.
a)       department
b)        enterprise
c)       work group
d)       extra-net
e)       none
(11)    As small companies begin to achieve success, they tend to adopt some of the tools
used in professionally run marketing commas. This is a sign that the firm is in the
________ stage of marketing practice.
a)        Entrepreneurial marketing
b)       Formulated marketing
c)       Intrepreneurial marketing
d)       Effective marketing
e)       none
(12)    The concept of a _______ is used to describe a cluster of complementary products
that are closely related in the minds of the consumers but are spread across a
diverse set of industries.
a)        Metamarket
b)       Metamediary
c)        Market place
d)       Marketspace
e)        none
(13)    Marketers can increase the value of customers offering by:
a)       raising benefits and reducing cost
b)       raising benefits by more than raising the cost
c)       lowering benefits by less than the reduction in cost
d)        All of the above can increase the customers value
(14)    When a firm sees its competitors as all companies that compete for the same
consumer dollars, they are concerned with the ________ level of competition.
a)       Brand
b)        Industry
c)       Form
d)       Generic
e)       None
(15)    The number of channel levels from raw material to final product which a company
will participate defines the firm’s _________ scope.
a)       Industry
b)       Geographical
c)        Vertical
d)       Competence
(16)    Which of the following best describes the organizational members who integrate and
coordinate the work of others?
a)        Managers
b)       Operatives
c)       Subordinates
d)       Customers
(17)    _________ represent the lowest level of management
a)       Team leaders
b)        First line managers
c)       Operatives
d)       Laborers
e)       none
(18)    Which of the following roles is more important for lower-level managers than for
either middle or top-level managers?
a)       Negotiator
b)        Leader
c)       Coordinator
d)       Entrepreneur
e)       none
(19)    Which of the following skills involve working well with other people?
a)       Technical
b)        Human
c)       Computer
d)       Empirical
e)        none
(20)    The phrase most associated with scientific management is ________?
a)       Management Relations
b)        One of the best
c)       Supply and demand
d)       Quality control
e)       none

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