Question 1

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A refrigerator manufacturer experienced poor sales in middle east which results from using a photo that
predominantly featured pork, a type of meat that is not eaten by Muslims and Jews. What mistake is
made by this refrigerator producer in its international market involvement?

a.

Producers poor understanding of political difference

b.

Producers poor understanding of technological difference

c.

Producers poor understanding of cultural difference

d.

Producers poor understanding of economic difference

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The correct answer is: Producers poor understanding of cultural difference

Question 2

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Admass university has many programs to provide education to customers/students like regular, evening,
weekend and distance program, which of the following most effective way to implement strategies in
Admass?

a.

Divisional by process

b.

Divisional by geographic

c.

Divisional by service

d.

Divisional by customer

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The correct answer is: Divisional by customer

Question 3

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At every iteration of simplex method, for maximization problem, a variable in in the current basis is
replaced with another variable that has

a.
A negative Cj-Zj value

b.

Cj-Zj value is zero

c.

A positive Cj-Zj value

d.

All of the above

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The correct answer is: A positive Cj-Zj value

Question 4

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The aspect of operation management function, which is concerned with the acquisition, control, and use
of materials needed and flow of goods and services connected with the production process.

a.

division of labor

b.

craft production
c.

mass production

d.

materials management

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The correct answer is: materials management

Question 5

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Rapidly changing technological developments must be anticipated identified and maintained

a.

Telecommunications network management

b.

Out souring is operations

c.

System performance monitor

d.

Technology management
Feedback

The correct answer is: Technology management

Question 6

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The blood donations to the Red Cross is a classic example of

a.

unsought consumer products

b.

sought services

c.

unsought augmented product

d.

sought industrial product

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The correct answer is: unsought consumer products

Question 7

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Which of the following statement does not have such a justifiable reason for entering the international
market?

a.

To fully recover the product development costs

b.

Strong international competition in oversea

c.

Cheap Labor

d.

Product life cycle differences

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The correct answer is: Strong international competition in oversea

Question 8

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What are the difference between Coupon interest rate & the appropriate interest rate on the bond (kd)
so which statement is incorrect?
a.

The coupon rate is calculated on the face value of the bond, which is being invested.

b.

The interest rate is calculated considering the basis of the riskiness of lending the amount to the
borrower.

c.

The interest rate is decided by the issuer of the bonds to the purchaser whereas the coupon rate is
decided by the lender.

d.

The coupon rate is decided by the issuer of the bonds to the purchaser whereas the interest rate is
decided by the lender.

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The correct answer is: The interest rate is decided by the issuer of the bonds to the purchaser whereas
the coupon rate is decided by the lender.

Question 9

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The method that consists of collection of data through observation and experimentation, formulation
and testing of hypothesis is called

a.

Scientific method
b.

Scientific information

c.

Empirical method

d.

Practical knowledge

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The correct answer is: Scientific method

Question 10

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One is type of organizational change occurs, when organizations make radical transformations to their
product or service in an effort to be on their game rather than simply in the game.

a.

Evolutionary change

b.

Revolutionary change

c.
Change brought about by incentives

d.

Change brought about by outside pressure

Feedback

The correct answer is: Revolutionary change

Question 11

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The specification of methods and procedures for acquiring the information needed to structure or solve
problems is:

a.

Research Problem

b.

Research Data

c.

Research Hypothesis

d.

Research Design

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The correct answer is: Research Design

Question 12

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Which of the following is NOT a component of the marketing mix?

a.

Product

b.

Profit

c.

Promotion

d.

Price

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The correct answer is: Profit

Question 13

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Which one of the following is not true about product development?

a.

It is possible to satisfy our customers without having best products.

b.

A successful product does not only have an attractive package design but also expected to have robust
performance.

c.

Product is the commercial version of your business opportunities.

d.

All good product should be commercialized without considering other important factors.

e.

Product design must be practical enough for production and powerful enough to provide a competitive
advantage.

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The correct answer is: All good product should be commercialized without considering other important
factors.

Question 14

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Which of the following is true about in business plan?

a.

In business plan financial plan like projected sales, profit, balance sheet preparation are more important
than marketing plans.

b.

In business plan financial plan like projected sales, profit, balance sheet preparation are equally
important as marketing plans.

c.

In business plan first impression is going to be established through executive summery that should
prepare before writing other section of the plan.

d.

Business planning skills are not important business skill for existing entrepreneurs.

e.

In business plan product or service section is a brief description of marketing, finance, human resources
and operational activities.

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The correct answer is: In business plan financial plan like projected sales, profit, balance sheet
preparation are equally important as marketing plans.

Question 15

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The process of making a decision about a population based on a sample data.

a.

Sample

b.

Inferential Statistics

c.

Descriptive Statistics

d.

Parameter

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The correct answer is: Inferential Statistics

Question 16

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It represents the power a person receives as a result of his or her positioning the formal hierarchy of an
organization.

a.

Expert power
b.

Coercive power

c.

Legitimate power

d.

Referent power

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The correct answer is: Legitimate power

Question 17

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All of the followings are accurate descriptions of modern marketing EXCEPT?

a.

Marketing is managing profitable customer relationships

b.

Marketing is the creation of value for customers

c.
Marketing is used by profit and non-profit organizations

d.

Marketing is synonymous with selling and advertisement

Feedback

The correct answer is: Marketing is synonymous with selling and advertisement

Question 18

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Tenkir plans to save birr 2,000 for each of the next ten years, starting tonight when he will write his
financial planner a check for birr 2,000. If he can earn a 10% annual return, what amount of money will
he have at the end of the 10th year?

a.

Br. 20,000

b.

Br. 32,733

c.

Br. 35,062

d.

Br. 31, 875

The correct answer is: Br. 31, 875

Question 19

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All of the following options are an indicators of sccessful project, Except?

a.

The project meets the customer’s perceived requirements?

b.

The project achieve its time, cost and quality objectives?

c.

The project’s outcome makes the client want to come back to do further business?

d.

The project output affects the environment and living condition of the people?

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The correct answer is:

Question 20

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The process of familiarizing the new employees to the organization rules and regulations is known as

a.

Selection

b.

Placement

c.

Recruitment

d.

Induction

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The correct answer is: Induction

Question 21

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It is a model that assumes changes in the values of variables given in the problem for the given planning
horizon due to any change in the environment and all the values given are independent of the time.

a.

Descriptive model

b.

Dynamic model

c.

Analytical model

d.

Static model

Feedback

The correct answer is: Dynamic model

Question 22

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One is not a strategic activity which is needed for quality service delivery?

a.
Continuous improvement

b.

Having right people are in place

c.

Clear customer service strategy

d.

Good service delivery process

e.

Avoiding Participatory management

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The correct answer is: Avoiding Participatory management

Question 23

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The theory is based upon “law of effect” which means an individual tends to repeat behavior which is
rewarded while the behavior which gives punishment is not repeated

a.

Theory of X and Y
b.

Expectancy theory of motivation

c.

Reinforcement theory of motivation

d.

Equity theory of motivation

Feedback

The correct answer is: Reinforcement theory of motivation

Question 24

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In a standard normal distribution, the range of values of z is from

a.

0 to 1

b.

minus infinity to infinity

c.
-1 to 1

d.

-3.09 to 3.09

Feedback

The correct answer is: minus infinity to infinity

Question 25

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In aggregate planning, planners avoid focusing on individual products or services because:

a.

Costs for individual products or services are almost impossible to calculate.

b.

Capacity can almost always be allocated to different products or services.

c.

Customers whose demand can't be satisfied out of existing inventory can always be satisfied with other
products or back orders.

d.

Focusing on a group of similar products or services tends to be more accurate.

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The correct answer is: Focusing on a group of similar products or services tends to be more accurate.

Question 26

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Leadership traits are inherent and cannot be learned. Which is in the theory of;

a.

Trait Theory

b.

Theory X and Theory Y

c.

Behavioral Leadership Theory

d.

Great Man Theory

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The correct answer is: Great Man Theory

Question 27

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A research proposal is best described as a

a.

Description of the research process for a research project

b.

Argument for the merit of the study

c.

Description of how the researcher plans to maintain an ethical issues during the study

d.

Framework for data collection and analysis

Feedback

The correct answer is: Description of the research process for a research project

Question 28

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Which of the following activities is not a direct responsibility of operations management?

a.

Developing an operations strategy for the operation.

Designing the operation's products, services and processes.

c.

Determining the exact mix of products and services that customers will want.

d.

Planning and controlling the operation.

Feedback

The correct answer is: Determining the exact mix of products and services that customers will want.

Question 29

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The managers at the different managerial levels require different kinds of skills to perform the functions
associated with their jobs. The major difference in skill requirements between middle and top managers
is that;

a.

Top managers generally require better technical and interpersonal skills than middle managers.

b.

Top managers require better interpersonal skills but less conceptual skills than middle managers.
c.

Top managers must generally be more skilled than middle managers in every respect.

d.

Top managers generally require higher level conceptual skills but less technical skills than middle
managers.

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The correct answer is: Top managers generally require higher level conceptual skills but less technical
skills than middle managers.

Question 30

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A manager should have the right to punish a subordinate for disobediently not obeying a legitimate
order but only after sufficient opportunity has been given to a subordinate for presenting her/his case.
Which management principle is being discussed in these lines?

a.

Authority and Responsibility

b.

Division of work

c.

Discipline
d.

Unity of command

Feedback

The correct answer is: Authority and Responsibility

Question 31

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A manager is reviewing the progress of his organization in meeting its organizational goals, he is affected
by the fact that his organization has an organizational structure that might be causing problems. The
current structure diffuses accountability and results in situations where someone might have two
bosses. Which of the following organization structures best fits these disadvantages being experienced
by the manager?

a.

Matrix structure

b.

Functional structure

c.

Customer structure

d.

Geographical structure

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The correct answer is: Matrix structure

Question 32

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All are a main base for selection of technology for the projects. Except?

a.

Investment outlay

b.

Complex to absorption

c.

Plant capacity

d.

Quality of input

Feedback

The correct answer is: Complex to absorption

Question 33

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What is the concept of "brand positioning" in marketing?

a.

Conducting market research to identify customer needs

b.

Selecting the distribution channels for a product

c.

Determining the price of a product or service

d.

Creating a unique and favorable image of a brand in the minds of consumers

Feedback

The correct answer is: Creating a unique and favorable image of a brand in the minds of consumers

Question 34

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It is a corporate strategy relies on doing only what it is best doing

a.

cooperation
b.

concentration

c.

diversifications

d.

Integration

Feedback

The correct answer is: concentration

Question 35

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Which of the following factors should not influence the decision when one is selecting a topic or
problem for research?

a.

Will solution of the problem advance knowledge in my field?

b.

Will the study lead to the development of other investigations?

c.
Is the topic or problem amenable to research?

d.

Will I be able to prove that my previously held beliefs are true?

Feedback

The correct answer is: Will I be able to prove that my previously held beliefs are true?

Question 36

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An example of project:

a.

A Charity group consult a local people a well needs

b.

Producing a batch of existing product

c.

The special tourist tour to somewhere new

d.

Marketer collect a data for implementing a new product

Feedback
The correct answer is: Producing a batch of existing product

Question 37

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Which one of the following statements is correct about both finance and money?

a.

Money is a broader concept that includes the management of finance.

b.

The money includes cash and cash equivalents that are readily available for use.

c.

Finance is tangible, while money is intangible.

d.

Finance is a part of money.

Feedback

The correct answer is: The money includes cash and cash equivalents that are readily available for use.

Question 38

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Which of the following terms best describe the environment that includes forces close to the company
and affects its operation?

a.

PESTL

b.

Micro-environments

c.

Macro-environments

d.

Global environments

Feedback

The correct answer is: Micro-environments

Question 39

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The marketing strategy starts with

a.

Positioning
b.

Differentiation

c.

Market segmentation

d.

Targeting

Feedback

The correct answer is: Market segmentation

Question 40

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Which of the following is a written statement of the skills, knowledge, abilities, and other characteristics
needed to perform a job effectively?

a.

Job enlargement

b.

Job design

c.
Job Analysis

d.

Job specification

Feedback

The correct answer is: Job specification

Question 41

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Which of the following marketing strategies focuses on selling existing products to existing markets?

a.

Diversification

b.

Product development

c.

Market penetration

d.

Market development

Feedback
The correct answer is: Market penetration

Question 42

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Suppose Mr. Alemayehu conduct marketing research on customer soft-drink preference in a given area.
And he collected a data such as Coca-Cola, Fanta, Mirinda with their numbers of occurrence/frequency.
Which measure of central tendency is best option for this data?

a.

Mean

b.

Median

c.

Mode

d.

All

Feedback

The correct answer is: Mode

Question 43

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Which of the following is not true in running businesses?

a.

Entrepreneurs need to protect their intellectual property right through patent, copyright and
trademarks since it provides advantage in running a business.

b.

Understanding the legal framework is important in business startups.

c.

In running the business everybody in the market should be our target of promotion, distribution, pricing,
and product development decisions.

d.

Timing is critical in product commercialization as well as in starting business.

e.

In startup business the company should target its distribution and promotion to the best prospect
group.

Feedback

The correct answer is: In running the business everybody in the market should be our target of
promotion, distribution, pricing, and product development decisions.

Question 44

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All of the followings are function of organizational culture Except,

a.

It conveys a sense of identity for organization members.

b.

It facilitates the generation of commitment

c.

It has a boundary-defining role

d.

It is barrier to change

Feedback

The correct answer is: It is barrier to change

Question 45

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Ethical choices may result from decision making processes, cultural values or behavioral stages
a.

Ethical models

b.

Ethical philosophies

c.

Network security

d.

Security codes

Feedback

The correct answer is: Ethical philosophies

Question 46

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Which one of the following is false

a.

When we fail to reject the null hypothesis, we have obtained a ?2 test statistic value greater than our
critical ?2-value.

b.
Because of if left tail z-test statistic is large relative to the critical value, we can decide to do not reject
the null hypothesis?

c.

The null hypothesis is a statement states as equality or no difference, or no relationship/effect.

d.

The level of significance is the maximum probability of committing a type I error.

Feedback

The correct answer is: When we fail to reject the null hypothesis, we have obtained a ?2 test statistic
value greater than our critical ?2-value.

Question 47

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The positioning of various types of equipment, pieces of machinery, departments facilities to maximize
productivity and space utilization is:

a.

Blueprint

b.

Portfolio

c.

Layout
d.

Mapping

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The correct answer is: Layout

Question 48

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Which strategy would be appropriate for firms that cannot achieve their growth objectives in their
current industry with their current products and markets?

a.

Expansion through diversification

b.

Retrenchment strategy

c.

Expansion through concentration

d.

Vertical integration

Feedback

The correct answer is: Expansion through diversification

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Which of the following statements is not true for about capital budgeting?

a.

Relevant cash flows are considered

b.

Incremental cash flows are considered

c.

Opportunity costs are excluded

d.

Sunk costs are ignored

Feedback

The correct answer is: Opportunity costs are excluded

Question 50

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Cuban leader Fidel Castro nationalized the assets of thousands of US companies after overthrowing the
previous government. What kind of risk is it?

a.

Political

b.

Economic

c.

Cultural

d.

Technological

Feedback

The correct answer is: Political

Question 51

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Anything that a firm does especially well compared to rival firms is referred to as

a.

sustainable advantage
b.

competitive advantage

c.

comparative advantage

d.

opportunity cost

Feedback

The correct answer is: competitive advantage

Question 52

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If two events are independent, then multiplication rule for joint probability of two event stated that:

a.

P(A) + P(B)

b.

P(A)*P (A/B) – P(A)

c.
P (A or B) *P(B)

d.

P(A)*P(B)

Feedback

The correct answer is: P(A)*P(B)

Question 53

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The degree to which members of a group share a common attribute, such as age, sex, race, educational
level, or length of service in the organization

a.

Group cohesiveness

b.

Organizational demography

c.

Conformity

d.

Group composition

Feedback
The correct answer is: Organizational demography

Question 54

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The transportation method assumes that

a.

The number of dummy sources equals the number of dummy destinations.

b.

There are no economies of scale if large quantities are shipped from one source to one destination.

c.

The number of occupied squares in any solution must be equal to the number of rows in the table plus
the number of columns in the table plus 1.

d.

There is only one optimal solution for each problem.

Feedback

The correct answer is: There are no economies of scale if large quantities are shipped from one source
to one destination.

Question 55

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An arrangement to pay for import of goods and services with something other than cash is known as

a.

Countertrade

b.

Reversal buying

c.

Dumping

d.

Drop shipping

Feedback

The correct answer is: Countertrade

Question 56

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The 'buyer's black box' consists of

a.
characteristics of buyers

b.

Technological factors

c.

The cultural environment

d.

The economic environment

Feedback

The correct answer is: characteristics of buyers

Question 57

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Dr Gutu is the leader of MXY Organization and he only provides information, materials and facilities
to his subordinates if it is so, what type of leading style he was used ?

A.

bureaucratic leadership style

B.
laissez-faire/free-rein leadership style

C.

democratic leadership style

D.

autocratic (authoritarian) leadership

Feedback

Your answer is correct.

The correct answer is:

laissez-faire/free-rein leadership style

Question 58

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The followings are true about the importance of motivation in organization Except,

a.

Low employee turnover and absenteeism.

Organizational image improving

c.

Acceptance of organization change

d.

Decrease Efficiency

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The correct answer is: Decrease Efficiency

Question 59

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It is the process of acquiring, training, appraising, and compensating employees, and attending to their
labor relations, health and safety, and fairness concerns.

a.

Behavioral management

b.

Labor relations

c.

Human resource management

Organizational health and safety management

Feedback

The correct answer is: Human resource management

Question 60

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Which of the following best explains why human resource management is important to all managers?

a.

Sophisticated accounting controls are supported by human resource managers.

b.

Technological changes and global competition require clear organization charts.

c.

An enthusiastic labor force is likely to provide financial support to local unions.

d.

Investing in human capital enables managers to achieve positive results for the firm

Feedback

The correct answer is: Investing in human capital enables managers to achieve positive results for the
firm
Question 61

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All of the following are true statements about action research, EXCEPT;

a.

Data are systematically analyzed

b.

Results are used to improve practice

c.

Data are collected systematically

d.

Results are generalizable

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The correct answer is: Results are generalizable

Question 62

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In an assignment problem involving 5 workers and 5 jobs, total number of assignments possible are

a.

25

b.

15

c.

d.

10

Feedback

The correct answer is: 5

Question 63

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There are various conflicts in the organizational work environment this is not bad organization in case of,

a.

Organizational decision making may be distorted

Conflict may lead to synergistic solutions to common problems

c.

Individuals and groups may be forced to search for new conflict

d.

Conflict may demotivate innovation, creativity, and growth.

Feedback

The correct answer is: Conflict may lead to synergistic solutions to common problems

Question 64

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The quality of a research report is primarily assessed on:

a.

The rigor with which it was conducted

b.

The place of publication.

c.

The number of times it is replicated.

The ways in which the recommendations are implemented

Feedback

The correct answer is: The rigor with which it was conducted

Question 65

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From the following alternatives one is not leadership Competencies,

a.

Provides a feeling of trust

b.

Settles disputes by focusing on solving the problems, with offending egos

c.

Senses the environment by using personal way to influence subordinates and peers

d.

Creates and set goals

Feedback

The correct answer is: Settles disputes by focusing on solving the problems, with offending egos
Question 66

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The concept that reconcile the two extremist international business behavior is;

a.

Geocentric

b.

Ethnocentric

c.

Polycentric

d.

Regio centric

Feedback

The correct answer is: Geocentric

Question 67

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Resistance to change can be handled using the following strategies EXCEPT;

a.

Co-optation and Manipulation

b.

Participative Decision-making

c.

Communicate Effectively in the area of change

d.

Job security

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The correct answer is: Job security

Question 68

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Mr. Abebe wants to calculate the probability of the average time students spend on reading among the
following sample sizes and determine the one that will provide the lowest standard error of mean in the
calculation of the sampling distribution? Assume the ? = 12.

a.

n = 100
b.

n = 64

c.

n = 25

d.

n = 36

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The correct answer is: n = 100

Question 69

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Which of the following statement is not true about Organizational behavior field?

a.

It is the study and application of knowledge about how people act within the organization.

b.

It explains about prediction of behavior of an individual

c.
It helps in maintaining cordial relationship in the organization

d.

It is not multidisciplinary subject

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The correct answer is: It is not multidisciplinary subject

Question 70

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Which strategy is about how to complete successfully in a particular market?

a.

Operational level strategy

b.

Alliance based strategy

c.

Business level strategy

d.

Operational level strategy

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The correct answer is: Business level strategy

Question 71

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All of the following statements have a higher loss exposure/risk, except one.

a.

Less complexity of project.

b.

Less experiences of personnel.

c.

Less familiarity of process

d.

Less consistency of planning.

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The correct answer is: Less complexity of project.

Question 72

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For the festival season, Ethio telecom provides incentives such as increased hours for voice packages,
hence this form of promotion is known as;

a.

Public relations

b.

Personal selling

c.

Advertising

d.

Sales promotion

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The correct answer is: Sales promotion

Question 73

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A study has found a negative correlation between a person's income and his or her between a person's
income and his or her blood pressure. This study indicates that blood pressure.

a.
Higher income is associated with higher blood pressure

b.

As income increases, blood pressure tends to increase also

c.

Income and blood pressure are not related

d.

As income increases, blood pressure tends to decrease

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The correct answer is: As income increases, blood pressure tends to decrease

Question 74

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The computer-to-computer exchange of business transaction document between business partners

a.

Interactive marketing

b.

Electronic funds transfer

Electronic data interchange

d.

Electronic payment systems

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The correct answer is: Electronic data interchange

Question 75

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Which one of the following sampling techniques is best suited for exploratory research?

a.

Judgment

b.

Systematic

c.

Random

d.

Convenience
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The correct answer is: Judgment

Question 76

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The process of establishing task forces or committees to explore issues and provide ideas, carefully
choosing work assignments to support the career development of all employees, and evaluating the
extent to which diversity goals are being achieved would most likely be classified under which of the
following managerial functions?

a.

Organizing

b.

Planning

c.

Controlling

d.

Staffing

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The correct answer is: Staffing

Question 77

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The manufacturing of large volume of a single or a very few varieties of products with a standard set of
processes

a.

continuous production

b.

project production

c.

none of these

d.

intermittent production

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The correct answer is: continuous production

Question 78

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Which of the following is an implication of low variety?

Matching customer needs necessary

b.

Flexibility needed

c.

High complexity

d.

Low unit cost

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The correct answer is: Low unit cost

Question 79

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Data entry, transaction processing, database maintenance, document and report generation

a.

Transaction processing system

b.

Source data automation

Traditional data entry

d.

Transaction processing cycle

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The correct answer is: Transaction processing system

Question 80

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In which of the following method of recruitment, employees are encouraged to recommend the names
of their friends working in other organizations for possible vacancy in the near future.

a.

Gate hiring

b.

Campus recruitment

c.

Job posting

d.
Employee referrals

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The correct answer is: Employee referrals

Question 81

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A system that is used to maintain a desired level of quality in a product or service is:

a.

Manpower planning

b.

Quality control

c.

Economic ordering quantity

d.

knowledge management

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The correct answer is: Quality control

Question 82

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Hellen is working in XYZ co. as a finance officer for more than two years. For the last two or more years
she has found to be an outstanding employee in the department. By considering her good performance
the department manager and her supervisor has decided to promote her to senior finance officer
position. What is the type and bases of promotion used by the department to promote dinit
respectively?

a.

Merit, vertical

b.

Horizontal, merit

c.

Merit, horizontal

d.

Vertical, seniority

e.

Seniority, vertical

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The correct answer is: Merit, vertical

Question 83

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Which of the following is true about business idea and opportunity identifications?

a.

All problems in our community should be considered as a source of profitable business opportunities.

b.

Entrepreneurs comes with new ideas and non-entrepreneurs comes with old idea with modifications

c.

Our business idea provide guarantee to be successful in the market irrespective of the demand reaction.

d.

Business ideas and business opportunities are similar concepts.

e.

Problems in our community should consider as a source of business opportunity.

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The correct answer is: Problems in our community should consider as a source of business opportunity.

Question 84

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Good leader is different from bad leader by one of the following

a.

A good leader has an unexemplary character

b.

A good leader set direction in order to affect individuals

c.

A good leader “walks to talk” and in doing so earns the right to have responsibility for themselves

d.

A good leader is enthusiastic about work

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The correct answer is: A good leader is enthusiastic about work

Question 85

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Specific results an organization seeks to achieve in pursuing its basic mission are:

a.
Rules

b.

strategies

c.

policies

d.

objectives

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The correct answer is: strategies

Question 86

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NIB Bank has a debt-equity ratio of 0.55 and a tax rate of 35 percent. The firm does not issue preferred
stock. The cost of equity is 14.5 percent and the after-tax cost of debt is 4.8 percent. What is the
weighted average cost of capital?

a.

10.67 %

b.

11.29 %
c.

11.67 %

d.

10.29 %

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The correct answer is: 10.67 %

Question 87

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A solved linear programing problem indicated that the optimal solution was X1=5 & X2 =20. One of the
constraints was 4X1+2X2 ? 80. This constraint has

a.

Surplus greater than zero

b.

Surplus equal to zero

c.

Slack greater than zero

d.
Slack equal to zero

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The correct answer is: Slack greater than zero

Question 88

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A situation in which a decision maker knows all of the possible outcomes of a decision and also knows
the probability associated with each outcome is referred to as

a.

Strategy

b.

Uncertainty.

c.

Risk

d.

Certainty.

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The correct answer is: Risk

Question 89

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One is Not the characteristics of project

a.

Project is permanent

b.

Project require the effort of people

c.

Project have a budget

d.

Project have a schedule

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The correct answer is: Project is permanent

Question 90

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It is the process of forecasting an organizations future demand for, and supply of, the right type of
people in the right number.
a.

Recruitments

b.

Human Resource Planning

c.

Human Resource Management

d.

Human Capital Management

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The correct answer is: Human Resource Planning

Question 91

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The minimum time that would be required to accomplish an activity, according to the time estimates
generated by PERT planners, is referred to as

a.

The time estimate that is expected

b.

Time estimate that is optimistic

The time estimate that is pessimistic

d.

The time estimate that is most likely

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The correct answer is: Time estimate that is optimistic

Question 92

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Mechanistic organizational structure can be characterized by following points except,

a.

Flexible and decentralized

b.

Highly centralized

c.

Highly formalized and bureaucratic

d.
Wide span of control

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The correct answer is: Flexible and decentralized

Question 93

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In the which method, production capacity is adjusted to match the forecast demand? and in the which
method, production capacity is adjusted to match the forecast demand by varying the level of the
workforce?

a.

Production management, production control

b.

Matching demand, level capacity

c.

Inventory management, estimating

d.

None of the above

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The correct answer is: Matching demand, level capacity

Question 94
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Question text

Development bank of Ethiopia provides a finance for an enterpriser is an example:

a.

Equity financing

b.

Lease financing

c.

Loan financing

d.

Supplier credit

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The correct answer is: Loan financing

Question 95

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Which of the following is true about forms of business?

In corporation forms of business there is a restrictions on the number of owners.

b.

In partnership business formation all partners can be a limited partner.

c.

In partnership business formation there is a chance of limited liability.

d.

Proprietorship is ideal for solving financial shortages.

e.

Small business contribution is significant in centralization of economic powers.

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The correct answer is: In partnership business formation there is a chance of limited liability.

Question 96

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Sunshine Ltd. Company has a Debt Equity Ratio of 2.5 as compared to 1.5 Industry average. It means
that the firm has:

a.
Higher Profitability

b.

Higher Liquidity

c.

Higher Financial Risk

d.

Higher Capital Working

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The correct answer is: Higher Financial Risk

Question 97

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Sometimes man-made or natural disasters might occur in a certain country which could harm the entire
nation or at least most part of it like what has happened in Japan in the year 2011 with the occurrence
of earthquake and tsunami. We can minimize this risk by using one of the following strategies;

a.

Through domestication of international firms

b.

Through domestic market expansion

Through expropriation of foreign firms

d.

Through international diversification

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The correct answer is: Through international diversification

Question 98

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Manor Plaza Barber's customers have noticed that the quality of a haircut depends on who provides it as
well as when, where, and how it is provided. What have the customers noticed?

a.

Service Inseparability

b.

Service Intangibility

c.

Service Perishability

d.
Service Distinction

e.

Service Variability

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The correct answer is: Service Variability

Question 99

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It is the systematic, periodic and impartial rating of an employee excellence in matters pertaining to his
present job and his potential for a better job.

a.

Training and Development

b.

Performance indicator

c.

Compensation and motivation

d.

Performance appraisal

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The correct answer is: Performance appraisal

Question 100

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Question text

If we use the X2 method of analysis to test for the differences among 5 proportions, the degrees of
freedom are equal to:

a.

b.

c.

d.

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The correct answer is: 4