Operations Management
Question : Case Study 12:
ABC Ltd. is a retail company that recently expanded its operations into international markets. It is facing challenges due to differences in cultural practices and consumer preferences in different countries.
Q:- What is the business environment factor affecting ABC Ltd. in this case?
Option 1: Economic environment
Option 2: Social environment
Option 3: Technological environment
Option 4: Political environment
Correct Answer: Social environment
Solution : The correct answer is (B) Social environment
The business environment factor affecting ABC Ltd. in this case is the social environment. The challenges the company faces due to differences in cultural practices and consumer preferences in different countries are directly related to social factors, such as cultural diversity, social practices, and consumer behavior.
Question : Case Study 25:
MNO Enterprises is a leading company in the consumer goods sector planning to expand its operations globally.
Question :
MNO Enterprises is looking to raise funds for expanding its global operations. What type of market activity would be relevant for this objective?
Option 1: IPO (Initial Public Offering)
Option 2: Currency swap
Option 3: Mergers and acquisitions
Option 4: Commercial paper issuance
Question : Anglo India Ltd. has an Operating Profit Ratio of 10%. To maintain this ratio at 15%, management may ____________.
Option 1: Increase selling price of Stock in-trade.
Option 2: Reduce Cost of Revenue from Operations.
Option 3: Increase selling price of Stock-in-Trade and to reduce Cost of Revenue from Operations.
Option 4: None of the above
Correct Answer: None of the above
Solution : Answer = All of the above If S.P. increases, the cost of Revenue from operations Reduces, firm's Net profit will improve. So, in all cases, ROI would increase. Hence, the correct option is 4.
Question : Which among the following is an award given under the aegis of the Council of Scientific and Industrial Research in India for excellence in Science and Technology?
Option 1: Shanti Swarup Bhatnagar Award
Option 2: GD Birla Award for Scientific Research
Option 3: Infosys Prize
Option 4: Om Prakash Bhasin Award
Correct Answer: Shanti Swarup Bhatnagar Award
Solution : The correct option is the Shanti Swarup Bhatnagar Award
The Shanti Swarup Bhatnagar Prize for Science and Technology is an award given under the aegis of the Council of Scientific and Industrial Research (CSIR) in India. This prestigious award is named after the founder and Director of CSIR, Dr. Shanti Swarup Bhatnagar, and it recognizes outstanding contributions in various fields of science and technology. It is an annual award given to Indian scientists below 45.
Question : Case Study: ABC Corporation - Financing Growth Strategies
ABC Corporation, a leading manufacturing company, is looking to finance its growth strategies. The company is exploring various sources of business finance to achieve its expansion goals.
Questions : Business Finance and Expansion
What does the term "business finance" refer to?
Option 1: Acquiring funds for personal expenses
Option 2: Managing company personnel
Option 3: Investing in stock markets
Option 4: Obtaining funds for business operations and growth
Correct Answer: Obtaining funds for business operations and growth
Solution : The correct answer is (d) Obtaining funds for business operations and growth
Business finance involves acquiring funds and managing financial resources to support a company's day-to-day operations, projects, expansions, or any other financial needs for achieving the company's objectives and goals. It encompasses activities related to budgeting, financial planning, investment decisions, securing loans, managing working capital, and overall financial management within a business context.
Q:- How can understanding the social environment help ABC Ltd. in dealing with differences in cultural practices and consumer preferences in different countries?
Option 1: By implementing standardized marketing strategies globally
Option 2: By ignoring cultural differences and focusing on profitability
Option 3: By adapting to local customs and practices
Option 4: By reducing product prices
Correct Answer: By adapting to local customs and practices
Solution : The correct answer is (C) By adapting to local customs and practices
Understanding the social environment can help ABC Ltd. in dealing with differences in cultural practices and consumer preferences in different countries by enabling the company to adapt to local customs and practices. This approach acknowledges the importance of respecting and aligning with the cultural nuances of each market. By doing so, the company can create marketing strategies and product offerings that are more appealing and relevant to local consumers.
Question : Case Study 2:
XYZ Ltd. is a well-established pharmaceutical company that is planning to diversify its product range. The HR department is faced with the challenge of sourcing and training employees for the new divisions. Evaluate the following scenarios and choose the correct option:
Question:
XYZ Ltd. decides to hire employees who are already familiar with the company's operations and culture. Which source of recruitment should they focus on?
Option 1: Employee referrals
Option 2: External sources
Option 3: Internal sources
Option 4: Job portals
Correct Answer: Internal sources
Solution : The correct answer is (c) Internal sources
If XYZ Ltd. decides to hire employees who are already familiar with the company's operations and culture, they should focus on internal sources of recruitment. This could involve promoting or transferring existing employees to fill the new roles within the company. Internal recruitment is a strategy that leverages the talent and knowledge already present within the organization, ensuring a smoother transition for employees and potentially reducing the time and resources required for onboarding and training.
Question : Who among the following was the first army officer of Independent India to be conferred the rank of Field Marshal?
Option 1: Om Prakash Malhotra
Option 2: Gopal Gurunath Bewoor
Option 3: Tapishwar Narain Raina
Option 4: Sam Manekshaw
Correct Answer: Sam Manekshaw
Solution : The correct option is Sam Manekshaw.
The first army officer of Independent India to be conferred the rank of Field Marshal was Sam Manekshaw. He was appointed as Field Marshal on January 1, 1973. Sam Manekshaw was the Chief of the Army Staff during the 1971 Indo-Pak War, and his leadership played a crucial role in India's victory during that conflict.
Question : Which of the following is one of the Open Market Operations of the Reserve Bank of India?
Option 1: Buying and selling of bonds issued by the Government in the open market
Option 2: Buying and selling of bonds issued by commercial banks in the open market
Option 3: Only buying of bonds issued by the Government in the open market
Option 4: Only selling of bonds issued by the Government in the open market
Correct Answer: Buying and selling of bonds issued by the Government in the open market
Solution : The correct option is Buying and selling bonds issued by the Government in the open market.
Open Market Operations (OMO) refers to the buying and selling of government securities by a central bank. These operations are conducted to control the money supply, liquidity, and interest rates in the economy.
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