Business Analysis MCQ Questions Answers

1. If the price of butter increases, then the demand for margarine will likely _____.

2. A(n) ________ is a network of activities that generate worth by transforming inputs into outputs.

3. _____ should ultimately be the focus of any outsourcing or insourcing decisions made by a company.

4. The ______ is erratic shifts in orders up and down the supply chain.

5. Customers' perceptions of a product are called the product's _____.

6. Brands that are owned by ___________ are called private-label brands.

7. Brands that meet consumers' initial buying criteria are called the ________ set.

8. Service contracts are also called ____ warranties.

9. A(n) _____ provides software and a network that connects businesses within an industry.

10. ________________ is the money a company generates through the sale of products and services.

11. A company would most likely finance ________ using short-term sources.

12. A company with a differentiation strategy focuses on making its products or services ________.

13. A company using market share pricing has a _____ pricing objective.

14. A ________ is defined as a network of value-creating activities.

15. A ________ is a multicultural top team in which all but one member come from the same background.

16. A ________ is drawn on a financial institution and is payable upon demand.

17. A ________ is a group of people who would be interested in buying a given product or service.

18. ________ has the highest cost per contact with each customer.

19. Customer share is sometimes referred to as _____.

20. Credit cards are usually based on a(n) ____ account system.

21. ________ are the most common price promotion.

22. Employees apply their individual efforts in a ______ to fulfill a common purpose.

23. ___ is the overall goal of mbo.

24. A business plan ________.

25. The business analysis stage of a new-product development process _____.

26. A(n) ________, in which the highest bidder wins, is the most common form of auction.

27. In a market with _______________, there are many firms providing differentiated products.

28. Walmart's practice of using a ________ strategy is designed to promise ultimate value to consumers.

29. Walmart.com is an example of a ________ retailer.

30. Backorders ____.

31. An online b2b transaction uses a(n) _____ network to exchange information on the web.

32. The traditional systems development life cycle (sdlc) is divided into _____ phases.

33. The traditional network design approach does not work well for _________ networks.

34. Programmed decisions are made in response to _____ organizational problems.

35. Programmed decision making is a(n) ______ process.

36. Corporate-level strategy is concerned with ____ and how to manage these businesses.

37. Continuous improvement is typically associated with ____.

38. Conducting a focus group is an example of _____________ research design.

39. What type of analysis is Estimation?

40. Calculate the simple interest on a sum of $5000 at an interest rate of 20% per annum for a period of 1 year.

41. George, Michael and Samuel give $40000 to Peter to start a business. George gives $5000 more than Michael and Michael gives $4000 more than Samuel. Out of a total profit of $10000 from the business, how much does Michael receive?

42. All of the following are advantages of the survey and questionnaires method of business research EXCEPT:

43. Adam and Brian start a business. Twice the investment made by Adam is equal to thrice the investment of Brian. Calculate Brian's share if there is a profit of $2500 in the business.

44. Which types of data are called Parametric data?

45. Ordinal numbers or data are concerned with _____________.

46. Numerical data or measure that describes a sample is _______________.

47. Andy takes a loan of $10000 from a bank for a period of 3 years at 10% annual rate of interest. Calculate his EMI(Equated Monthly Installment).

48. Which is a graphic representation of data based on paired observations?

49. The difference between a _________ and a ___________is a very important concept in Business Statistics.

50. Adam, Brian and Charlie start a business by investing $1400. Together Adam and Brian are supposed to do three seventh of the work in the business. What was Charlie's share at the start of the business?

51. ______________ research design is usually used when little information is available about the object of study.

52. Brian takes a loan of $20000 from a bank for a period of 2 years. If his EMI is $904.5, calculate the annual rate of interest at which he took the loan.

53. A correlational study is likely to use ____________ research design.

54. A _______________ presents data from two sets of observations or variables.

55. The following is a group of problems occurring in an office which has been analyzed by the office in-charge. If the in-charge does the pareto analysis, what is the percentage of problems which need to be solved on an urgent basis?

56. The EMI for a certain sum of money is $212.47. Calculate the loan amount if the rate of interest is 10% for a period of 5 years.

57. A stem-and-leaf display is a way to organize _____________ data into chunks?

58. Nominal data uses numbers to indicate a _______________.

59. Many statistical calculations are based on _____________.

60. Calculate the median from the following table:

61. Calculate the compound interest earned over a period of 6 months on $30000 at an interest rate of 20% per annum. The interest is compounded quarterly.

62. The compound interest earned over 5 years on a certain sum of money is $1000 at an interest rate of 20% per annum. How much interest would have been earned if simple interest had been charged instead of compound interest?

63. George and Michael start a business by investing $15000 and $20000 respectively. Michael leaves the business after 5 months but does not take back his invested amount while leaving. Samuel joins the same business after 5 months by investing $10000. There is a profit of $4000 at the end of the year. What is Samuel's share in the profit?

64. What are the main sources of stress during your workday? is an example of a(an) __________ question.

65. In an office comprising 200 people, 25% people are between the age of 20-25 years, 35% between the age of 25-30 years, 30% between the age of 30-35 years and 10% above the age of 35 years. Calculate the total number of people working in the office between the age of 20-30 years.

66. Which scatter diagram is likely to represent a complex relationship between two variables?

67. Adam and Brian start a business by investing $50000 and $100000 respectively. They decide that they will divide the profit proportionate to their investment. If there is a profit of $18000, what is Brian's share?

68. When conducting business research, the first step in the process is to formulate a ___________.

69. Which one is not an example of Formal Research?

70. Adam starts a business with an amount of $2000. After a few months, Brian joins Adam by investing $3000. If the profit is equally divided at the end of the year, after how much time had Brian joined the business?

71. The table consists of the incentives achieved by the employees in an organization. Calculate the mode.

72. All of the following are things that must be considered in business research ethics EXCEPT

73. Costco is preparing to give out surveys to all its weekend shoppers as part of its new promotional campaign. This is an example of a ______________ study.

74. To construct a scatterplot, you need at least __________ variables to plot.

75. Calculate the compound interest compounded half yearly for 1 year on $10000 at an interest rate of 6% per annum.

76. The table consists of the daily sales made individually by 8 salesmen of a company for one week. Calculate the standard deviation of the sales made.

77. Gaining information from government archives and data repositories is an example of ______ data.

78. Which one is not a data collection method?