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This set of Project Management Multiple Choice Questions & Answers (MCQs) focuses on Project Management Set 7

Q1 | Which one of the following is a role of BIFR?
  • Securing the timely detection of Sick and Potentially Sick Companies
  • Speedy determination by group of experts about various measures to be taken in respect of sick company
  • Both a and b
  • None of the Above
Q2 | For rehabilitating a sick unit, role of Industry Associations include
  • Installed Capacity Utilisation in industry
  • Checking the growth trends
  • Checking the problems
  • All of the Above
Q3 | Government Policies as an external cause of sickness includes
  • Unfavourable Government Policies
  • Lack of Support from Government
  • Taxation and Licensing
  • All of the Above
Q4 | What does IRBI stand for?
  • Industrial Reconstruction Bank of India
  • Industrial Rehabilitation Bank of India
  • Industrial Refinance Bank of India
  • Industrial Revenue Bank of India
Q5 | When a company has been financed by consortium of banks, who has to report toBIFR about the sickness?
  • Lead Bank
  • Participating Banks
  • Company
  • None of the Above
Q6 | Managers should manage their firm’s resources with the prime objective of _______
  • Employee Satisfaction
  • Fulfillment of Tax Obligations
  • Enhancing the firm’s Market Value
  • None of the Above
Q7 | Cotton is an example of _____________ raw material.
  • Mineral Product
  • Industrial Product
  • Marine Product
  • None of the Above
Q8 | End use method of demand forecasting involves
  • Identify the possible uses of product
  • Define the consumption coefficient of the Product for various uses
  • Both a and b
  • None of the above
Q9 | What is the term for organisational development through a formally designed organisational structure?
  • Organic
  • Mechanistic
  • Formal
  • Structured
Q10 | How can organisational structures that are characterised by democratic and inclusive stylesof management be described?
  • Hierarchical
  • Bureaucratic
  • Flat
  • Functional
Q11 | Specialisation is a feature of which organisational structure?
  • Matrix
  • Divisional
  • Multi-divisional
  • Functional
Q12 | What is the term for an autonomous business entity within an overall corporate enterprise which is set apart from other areas of the business?
  • Subsidiary
  • Strategic partnership
  • Strategic alliance
  • Strategic business unit
Q13 | What is not a purpose of an organisational structure?
  • To coordinate people and resources
  • To organise lines of communication
  • To formalise authority
  • To limit workers' right
Q14 | The cost reduction technique in comparison to the worth of a product is known as
  • Reverse engineering
  • Value engineering
  • Material engineering
  • Quality engineering
Q15 | Value analysis examines the
  • Design of every component
  • Method of manufacturing
  • Material used
  • All of the above
Q16 | Who is named as Father of Value Analysis?
  • Lawrence D. Miles
  • George Terborgh
  • Michael Jucius
  • Edwin B. Flippo
Q17 | Constructive and destructive conflict are distinguished from each other in which of the following ways?
  • constructive conflict is We-oriented; destructive conflict is Me-oriented
  • constructive conflict is characterized by de-escalation of the conflict; destructive conflict is characterized by escalation of the conflict
  • constructive conflict is characterized by cross-complaining; destructive conflict is characterized by flexibility
  • both a and b
Q18 | Constructive and destructive anger can be distinguished from each other by the
  • intensity of the anger
  • flexibility of the anger
  • duration of the anger
  • both a and c
Q19 | Which of the following is not a characteristic of conflict?
  • expressed struggle
  • independent parties
  • perceived incompatible goals
  • perceived interference for outside parties
Q20 | Which of the following can be validly concluded from research on intercultural conflict management?
  • collectivist and individualist cultures typically favor different conflict management styles
  • the key to effective intercultural conflict management is flexible use of conflict management styles
  • disagreement should be discouraged when communicating with individuals from diverse cultures
  • both a and b
Q21 | Conflict is
  • an unavoidable fact of life
  • sometimes constructive
  • a destructive force in relationships if continually avoided
  • all of the above
Q22 | Which of the following is a tactic of avoiding conflict?
  • competing
  • stonewalling
  • autonomy
  • compromising
Q23 | What are the two types of change management?
  • Real change and superficial change
  • Incremental change and circular change
  • Radical change and transformational change
  • Incremental change and tr
Q24 | In high collectivist cultures, leaders need to emphasize:
  • Long-tem implications of the change on the wider community
  • Short- tem implications of the change on the wider community
  • Material implications of the change on the wider community
  • Personal implications of the change on the wider community
Q25 | In high power distance cultures:
  • change tends to be implemented top down.
  • change tends to be implemented bottom up.
  • leaders must consult lower level employees.
  • change tends to be implemented horizontally.