Business Management Interview Questions & Answers

Question 1. What Is Tha Pop & Pos Materials?

Answer :

point of purchase and point of sale

Question 2. What Are The 4 Peace In Marketing?

Answer :

Place,
Product,
Price and
Promotion

Question 3. Why The Value Of Rupee Decreasing Or I Can Say Fluctuate Compare To Dollar Please Explain It?

Answer :

Because our country doesn't had dollars, DOLLARS HAD BIG DEMAND so price value comes down & now a days foreign institutional investors(FII) not going to invest in our country by dollars its 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 dollars.

Question 4. How You Choose Commerce As A Stream?

Answer :

Because my interest in the business line so i want to adopt the commerce stream

Question 5. What Is The Differentiate Between Tailor Made Homemade And Readymade?

Answer :

tailor made means making the things by giving orders home made is making thing ourselves readymade is buying the things that already made.

Question 6. What Is The Difference Between Provision & Reserve?

Answer :

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

Question 7. Why Did You Chose This Specialization(finance,hr)?

Answer :

i am interested in finance actually i like to play with numbers and i want to take challenges in my life.

Question 8. Why Do You Choose Marketing?

Answer :

Marketing is a wide concept and is involved in every department of an organization. It involves a close organized 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 competitive world.

Question 9. What Do You Do After Losing Current Job Without Information?

Answer :

firstly , you should get angrry & settle all ur salary and incentives then try new job without frusteting.

Question 10. What Is All About Sales?

Answer :

Sales is about generating prospects, evaluating them for business opportunities, getting the requirement from them and providing adequate solutions so that it gets converted into Revenues for the company.Sales is about developing and closing business deals and earn profits.

Question 11. What Is Your First Task As A Marketing Officer?

Answer :

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.

Question 12. I Am A Non Bca Candidate. So Why Pharmaceutical Company Are Select Me?

Answer :

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 Submit Your Answer

Question 13. 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?

Answer :

Interpersonal Behavior Approach to management emphasizes managing people by understanding their individual psychological needs.

Question 14. The Communication Process Is Made Up Of Various Components. Which Of The Following Is The Actual Physical Product From The Source?

Answer :

Message, The communication process is made up of various components. The message is the actual physical product from the source encoding.

Question 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.

Answer :

Facts for strategic planning are generally easier to gather than facts for tactical planning.
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.

Question 16. The Conflict-resolution Approach That Corresponds With A High Level Of Assertiveness And A Low Level Of Cooperativeness, Is Referred To As:

Answer :

The conflict-resolution approach that corresponds with a high level of assertiveness and a low level of cooperativeness, is referred to as Forcing.

Question 17. 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?

Answer :

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.

Question 18. 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?

Answer :

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.

Question 19. 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?

Answer :

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.

Question 20. 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.

Answer :

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.