Nddc-Management-Sciences
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I TABLE OF CONTENTS I Title page Table of content II About the NDDC Scholarship test 111 PART 1 Table of content 6 2017-PAPER 1: English Language 8 ANSWER KEYS 27 2017-PAPER 1: English Language 2 29 2017-PAPER 1: 30 ANSWER KEYS 49 CINFORES QUESTIONS PART2 MANAGEMENT SCIENCES 306 CURRENT AFFAIRS 322 NDDC SCHOLARSHIP TEST PAPER - 2 This section is discipline-specific tests for 2016 & 2017 MANAGEMENT SCIENCES Test Information: The following questions applies to management science related courses. You will have a total of 50 questions to answer correctly in 60minutes Instructions: • If you have any questions, or you need attention while the test is going on, please do so by raising your hands quietly, and you will be attended to. • Do not leave the test room unless you are told to do so. • Submit all scratch paper to the invigilators after your test. • Once you are ready to begin, please click the start button. • The next screen will be the test questions TESTSTREAMS.COM 1. The process of monitoring performance, comparing it with goals and correcting any significant deviations is known as: A. Planning B. Organizing C. Leading D. Controlling Answer:D 2. Mr. A is a Manager on XYZ company; he has a reputation for being an open and honest person and understands how to motivate employees and customers, he said to have good____________ skills. A. Sales B. Political C. Interpersonal D. Technical Answer:C 3. Someone who works with and through other people by coordinating their work activities to accomplish organizational goals is called: A. A Very intelligent: Individual B. A Supervisor of Production Work C. A Manager D. An operation Supervisor Answer:C 4. SWOT analysis divides organizational strength into two categories; Common strength and______________. TESTSTREAMS.COM A. Strategic imitation B. Competitive Parity C. Distinctive Competencies D. Threats Answer:C 5. The Continues line if authority that extends from the upper level of management to the lowest levels of the organization is called: A. Authority line of responsibility B. Unity of Commerce C. Responsibility factor D. Chain of command Answer:D 6. Which is the most common cause of business failure? A. Insufficient Capital B. Unstable market C. Insufficient experience D. Poor Entrepreneurship Answer:C 7. Which of the following is the accountability for the achievement of objectives, the use of resources, and the adherence to organizational policy? A. Power B. Responsibility C. Authority D. Planning Answer:C TESTSTREAMS.COM 8. Organizations can play role in addressing global environment issues through all of the following ways EXCEPT: A. Greening of Management B. Depletion of natural Resources C. Fulfilling their Social Obligation D. Avoiding industrial accidents Answer:B 9. __________________ are large scale action plans of an organization for interacting with environment in order to achieve long term goals. A. Objectives B. Strategic Goals C. Strategies D. Actions Answer:C 10. Living Organisms take substances from their environment such as food and air and return other substances environment. This is an example of A. Close System B. Hybrid System C. Open System D. None of Above Answer: C 11. When the strength provides superior and unique customer value and is difficult to imitate then the distinctive competence creates a sustainable____________. A. Competitive Advantage TESTSTREAMS.COM B. Scope C. Resource Deployment D. Effective Strategy Answer:A 12. Which of the following organization is rigidly controlled and efficient? A. Organic B. Mechanistic C. Horizontal D. Learning Answer:B 13. In a juice making company sales manager has the set the goal of increasing the sales by 10% in summer season. At the end of summer Manager will check either goal has archived or not. This function is known as A. Planning B. Organizing C. Leading D. Controlling Answer: D 14. Which of the following functions is not a core function of an organization a. The accounting and finance function b. The marketing (including sale) function c. The operation function d. The product or service development function Answers A TESTSTREAMS.COM 15. Most operation produce a mixture of both products and services which of the following business is closest to producing ‘pure’ services ? a. IT company b. Counselor /therapist c. Steel company d. A restaurant Answer. B 16. Operations can be classified according to their volume and variety of production as well as the degree of variation & visibility . Which of the following operations would be classified as high volume , low variety ? a. A front office bank b. A family doctor c. A carpenter d. A fast food restaurant Answer D 17. Which of the following activities is not a direct responsibility of operations management? a. Developing an operations strategy for the operation b. Planning & controlling the operations c. Determining the exact mix of products and services that customers will want d. Designing the operations products , services & process Answer C 18. Operations can be classified according to the degree of variations in demand and visibility of the operations as well as their volume and variety of production which of the following operations would be classified as high variation & high visibility ? a. A front office staff b. A family doctor c. A carpenter d. A fast food restaurant Answer. B TESTSTREAMS.COM 19. Which of the following would not be normally be considered a general characteristics of a service? a. Production and consumption are simultaneous b. Low contact service can often be made more efficient than high contract c. Production and consumption can always be spatially separated d. Many services involve both tangible & intangible outputs e. Production & sales cannot easily be separated functionally Answer. C 20. Which of the following would not be normally considered as a key feature of operations management? a. Most new technology is implemented b. World class operations can give an organization competitive advantage c. Operations researches mathematical techniques for optimizing process d. Operations is the part of an organization which creates wealth through the management of the transformation process e. Operations is the area of a business where most people Answer. D 21. Which of the following is the least likely decision to be made by operations managers ? a. Selecting the locations and layout of a facility b. Designing and improving the jobs of the workspace c. How to use quality techniques to reduce waste d. Deciding which market areas to manufacture products for e. How much capacity is required to balance demand Answer. D 23. Operations management is applicable a. Mostly to the service sector b. To services exclusively c. Mostly to the manufacturing sector d. To the manufacturing & service sectors e. To the manufacturing sector exclusively Answer. C TESTSTREAMS.COM 24. The field of operations management is shaped by advances in which of the following fields? a. Chemistry and physics b. Industrial engineering & management science c. Biology and anatomy d. Information science e. All of the above Answer. B 25. The five element in the management process are a. Plan ,direct , update, lead & surprise b. Accounting /finance , marketing, operations and management c. Organize , plan , control, staff and manage d. Plan, organize, staff , lead and control e. Plan, lead, organize , manage and control Answer. C 26. The responsibilities of the operations manager include a. Planning , organizing , staffing , procuring and reviewing b. Forecasting , designing , planning , organizing , and controlling c. Forecasting , designing ,operating , procuring , and reviewing d. Planning , organizing , staffing , leading , and controlling e. Designing & operating Answer. D 27. Which of the following is not an element of management process a. Pricing b. Staffing c. Planning d. Controlling e. Leading Answer. A TESTSTREAMS.COM 28. Which of the following illustrate an activity that does not add value? a. Training employees b. Ordering parts from a supplier c. Making a part d. Accumulating parts in front of the next work centre Answer. D 29. Which of the following statements regarding a pull system is true ? a. Large lots are pulled from upstream stations b. Work is pulled to the downstream work stations before it is actually needed c. Manufacturing cycle time is increased d. Problems become more obvious Answer. D 30. Which of the following is the general assumption of Percent of Sales Forecasting? a. Current Assets usually grow in proportion to Revenues b. Current Assets usually grow in proportion to Expenses c. Current Assets usually grow in proportion to Liabilities d. Current Assets usually grow in proportion to Sales Answer D 31. In 2 years you are to receive ₦T10,000. If the interest rate were to suddenly decrease, the present value of that future amount to you would __________. a. Fall b. Rise c. Remain unchanged d. Cannot say Answer B 32.Effective interest rate is different from nominal rate of interest because: a. Nominal interest rate ignores compounding b. Nominal interest rate includes frequency of compounding c. Periodic interest rate ignores the effect of inflation TESTSTREAMS.COM d. All of the given options Answer C 33. What is a legal agreement, also called the deed of trust, between the corporation issuing bonds and the bondholders that establish the terms of the bond issue? a. Indenture b. Debenture c. Bond d. Bond trustee Answer A 34. Which of the following would generally have unlimited liability? a. A limited partner in a partnership b. A shareholder in a corporation c. The owner of a sole proprietorship d. A member in a limited liability company (LLC) Answer C 35. Why we need Capital rationing? a. Because, there are not enough positive NPV projects b. Because, companies do not always have access to all of the funds they could make use of c. Because, managers find it difficult to decide how to fund projects d. Because, banks require very high returns on projects Answer B 36.