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Management Interview Questions



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Management Interview Question
1. What is management?
2. Explain qualities of manager?
3. How can equity and order be applied in work situation?
4. What is delegation of authority? Why is it essential for a large organization?
5. What are management functions?
6. “Planning is looking ahead and control is looking back.” Comment.
7. What is the manager’s first step in decision making process?
8. Do you think Managerial decisions should be based on unemotional reasoning and logic rather than on emotional thinking and haphazard ideologies?
9. What is accountability?
10. What is authority?
11. What is MBO?
12. What is a social responsibility of a manager?
13. What are the different types of control?
14. What do you mean by scalar chain?
15. Explain difference between Coordination and Cooperation?
16. What is difference between formal and informal organization?
17. How will you justify that success of management depends to a great extent upon the soundness of its organization structure?
18. What is strategy ?
19. What is brain storming?
20. What is delegation?
21. What are the reasons of decentralization?
22. Do you think that planning lays foundation for other management functions?
23. What are the qualities of good plan ?
24. What is organization culture?
25. Do you think planning restricts creativity?
26. What are the different levels of management?
27. Is there any difference between management and administration?
28. Management expands itself through decentralization. Do you agree with this, Why?
29. what are the different factors of production?
30. Who is responsible for directing, leading, coordinating and controlling the group efforts of employees?
31. Management is what management does. What does this statement indicate about the management?
32. Administration formulates basic policies of the business. Who executes the basic policies?
33. Name the level of management engaged in overseeing the activities of workers.
34. Name the level of management engaged in taking key decisions.
35. What is ‘gang plank”?
36. Can responsibility be delegated?
37. How can political climate and the policy of competitor obstruct planning?
38. What is operational planning?
39. Define motivation.
40. How could a manager stimulate functional conflict in his or her department?
41. Describe the techniques of effective coordination?
42. What do you understand by self esteem?
43. Define decision making?
44. What is budgetary control?
45. Why is centralization done?
46. Why are departments made in any organization?
47. What do you mean by PEST analysis of any organization?
48. Why are management systems required?
49. Is planning as important as execution? Explain.
50. Why do employees resist control in organization?
51. What can be reasons for failure of delegation?
52. What is span of control?
53. What is ‘CPM’?
54. Define leadership.
55. What is performance evaluation?
56. Explain the qualities of a good leader.
57. What is break even point?
58. Explain the barriers to effective communication and suggest measures to overcome them.
59. How does an individual’s behavior affect performance?
60. What is stereotyping?
61. Differentiate between vision and mission of any organization.
62. What is a closed system of management?
63. Explain the difference between authority and power.
64. Explain feed forward control.
65. Why SWOT analysis is done for any company
66. Why do companies do Market Research?
67. Why is power important in an organization?
68. Who are the stakeholders of any organization?
69. How can an organization do forecasting?
70. What strategies would you adopt to improve the effectiveness of today’s top management or strategists?
71. What is sophisticated informatics?
72. How do attitudes differ from opinions, beliefs and values?
73. What do you mean by Organizational Development?
74. What do you think is the single most critical people problem that managers face today?
75. When job satisfaction is not behavior, why is it considered so important?
76. What specific steps would you take to ensure that an individual has the appropriate abilities to perform a given job?
77. Do age, gender, race, reservation, and tenure affect performance at work?
78. If you had to take disciplinary action against an employee, how specifically, would you do it?
79. What do you think is more likely to lead to success on a job: ability-job fit or personality-organization fit?
80. What type of reinforcements would be most effective for you?
81. How would you respond to being the recipient of a behavior modification program in an organization?
82. Are happy workers productive workers?
83. What do you think can be the advantages and disadvantages of using regular attitude surveys in the organization?
84. What do you understand by personality? How will you define your own personality?
85. What factors effect the development of personality in an individual?
86. What shortcuts do people generally use while decisions about other people?
87. How do you differentiate a good decision maker from a poor one?
88. What is the effect of individual difference on decision making?
89. Are unethical decisions more a function of the decision maker or the environment?
90. Does culture affect an individual’s decision making ability?
91. Are creative people better decision makers?
92. How can you apply Maslow’s theory of motivation in India where the population is high and employment opportunities are less?
93. Many millionaires keep working even in the latter years of their lives. What is the motivation for them?
94. Which motivation theory governs your life?
95. As a manager, what will you do to increase the likelihood that your employees will exert a high level of effort?
96. What can be the five criteria that can be used by organizations to compensate employees?
97. What can be the advantages and disadvantages of job sharing?
98. What are the benefits of intrinsic rewards?
99. Is being emotional at times similar to being rational?
100. Give some examples of situations in which the overt expression of emotions might enhance job performance?
101. Do you think in today’s’ times being emotionally intelligent is more important than being just intelligent?
102. What is the difference between IQ & EQ. Which type is favored while selecting an employee?
103. Why is it important to understand other person’s emotions and moods?
104. What can be the advantages and disadvantages of a closely knitted group for the organization ?
105. How much influence can a peer group have on an individual? Are you influenced by your peer group?
106. Do you think to run an organization effectively group decision making is necessary?
107. If you are made group leader of a task group how will you counter social loafing?
108. How can you counter the dangers of group think in an organization?
109. How can organizations create team players?
110. How do you explain the growing popularity of teams in organizations?
111. Individual member expectations affect team performance. How can this issue be tackled?
112. How can managers use grapevine for their benefits?
113. Do you think effective managers are good leaders?
114. Analyze the leadership style of a business leader. Does it fit into any leadership theory?
115. Do you think national culture affects the leadership style of a manager?
116. Are there situations in which leadership is not necessary?
117. What according to you is organizational politics? What can be the basis of power in an organization?
118. Describe political environment.
119. What do you understand by MIGA?
120. Who are the participants in Euro Currency Market?
121. Explain the term international strategies.
122. Is International business important?
123. What do you understand by Organizational Directions?
124. Explain techniques of organizational appraisal.
125. What is competence?
126. Explain core competences
127. What are behavioral considerations affecting strategic choice?
128. Describe the role of Board of Directors in strategic planning.
129. What is stop light model?
130. What do you understand by consumer behavior?
131. Is it essential to have budgets in strategic analysis?
132. What is business process re-engineering?
133. Why is R&D necessary?
134. Describe empowerment.
135. Distinguish between internal and external strategies.
136. Who is in star position in BCG matrix?
137. Why are cash cows important?
138. What is SBU?
139. What is performance appraisal?
140. What is mission?
141. Differentiate between active and passive strategy.
142. What is Life Cycle analysis?
143. Describe industry analysis.
144. Why is mission needed?
145. What are the four stages of a product life cycle?
146. When do organizations make a BCG matrix?
147. Tell me about your SWOT.
148. How to make one’s ‘W’ into ‘S’?
149. Are strategies and rules same?
150. How do organizations implement strategy?
151. What is a cost center?
152. What is a profit center?
153. Can a cost center be made into profit center?
154. Is strategy same as target?
155. How do we find out if our strategies were correct or not?
156. Is ‘divest’ a good strategy, if yes, how?
157. Can ‘dog’ become ‘star’?
158. Who made 9 cell matrix or matrices?
159. What are the five forces in the porter’s model? Which is the most important of the five forces?
160. When are five forces model analyzed?
161. Do all businesses use five forces model while strategizing?
162. What is diversification?
163. When will an organization decide on diversification? Is that a good strategy?
164. If Airtel opens its offices in Africa, is it called diversification? Is that a good strategy?
165. What will organizations think on before they go for opening offices in other countries?
166. What is value chain? Is it same as supply chain? In what way supply chain a part of value chain?
167. What is meant by feedback?
168. What is the purpose of feedback in an organization?
169. What is meant by control?
170. How does a manager control his subordinates?
171. Is it necessary to control?
172. What is financial control?
173. How is financial control carried out?
174. What is meant by ‘maturity’ stage in the product life cycle? How do organizations handle this situation?
175. What is transfer pricing?
176. Differentiate between fiscal and revenue deficits?
177. Draw the demand curve for petroleum products considering that their demand has been continuously growing in spite of a high rate of rise in their prices
178. Differentiate between Normal goods and Giffin’ goods.
179. If Say’s law holds true, would we need marketing managers?
180. Compare monetary and fiscal policy. Are they related? If yes, then how?
181. What is Giffen’s paradox?
182. Of all the concepts that you have studied in economics in the course of completing your management degree can you think of 3 that you consider will be the particular relevance to the work of economists in government? What are the reasons for your choice?
183. Looking at present scenario, are you seeing any adverse effect on economic growth?
184. Can you explain the role of MNC’s in the economic growth of the country?
185. What do you understand by the term inflation? Is it good or bad for an economy?
186. Even though the policy makers proclaim that inflation rate has gone down, but still why the prices of goods are sky high?
187. What is the decline in the price of goods and services technically known as?
188. What is the GDP of India?
189. Why May 17th was known as Black Monday in Indian Economy?
190. What are the three basic questions that must be asked when dealing with the scarcity?
191. What is Cross Elasticity? What is the cross elasticity between Hindustan Times and Times of India (positive or negative)?
192. If the consumers expect the price of some goods to rise next week, then we generally observe the price of good rising this week. Explain.
193. What is Market Equilibrium?
194. Explain Shadow Price?
195. Explain Open and Closed Economy?
196. Do you agree that Mixed Economic System solves the basic economic problems?
197. Discuss Competition in the …..Industry (FMCG,.Media)?
198. Would it be feasible to have an economy which was entirely based on the service sector?
199. Explain how the Phillips curve arises?
200. Is it a good thing that taxes should be lowered in the long term?
201. What are the advantages of the free market economy?
202. What are the advantages of leaving allocation of resources on price mechanism?
203. What kind of market structure is there in automotive industry?
204. Why tourism an upcoming industry?
205. What are the various uses of Break even analysis?
206. What caused the Great Depression?
207. What caused Economy Slowdown? According to you, which industry is worst hit in this slowdown?
208. How do the various determinants affect the price of the product?
209. How does outsourcing affect an economy?
210. In economics what is the normative statement?
211. What is full employment GDP?
212. What is a cartel? Which countries are the members of OECD?
213. What is the importance of Microeconomics in Managerial economics?
214. What is an opportunity Cost? Explain with an example?
215. What is the role of Indian government in Indian Economy?
216. What is the percentage of service sector in the Indian GDP?
217. How would you differentiate between developing and developed economy?
218. What is a capitalist economy?
219. Why do indifference curves never meet?
220. What is consumer demand?
221. What causes rise in the prices?
222. What is the impact on economy if the ceiling and floor price are removed?
223. Which is the largest economy?
224. What is recession?
225. Difference between recession and depression.
226. What is stagflation?
227. What is the best method to control inflation?
228. What is deficit financing?
229. How over supply of money is disastrous for the economy?
230. What do you understand by direct and indirect taxes?
231. What is the use of managerial economics in managerial decision making?
232. What is mark-up?
233. What is demand forecasting? How it is helpful in taking managerial decision?
234. TR-TC =?
235. What is price discrimination? How it is helpful for a seller?
236. What is Monopoly?
237. What are the reasons of trade cycles in an economy?
238. What happens to money supply when Reserve Bank increases bank rate?
239. What is revenue?
240. What is selling cost?
241. If demand is less elastic then price will be set high or low of a product?
242. What is credit creation?
243. What do you understand by NBFCs?
244. What is economic development? How it is different from economic growth?
245. What is industrial sickness?
246. How the policy of globalization is affecting the industries in India?
247. If in the short period a firm is running under loss when should it stop production?
248. What are various factors on which demand of a product depends?
249. If income elasticity of a product is positive, a producer should produce less or more?
250. What is product diversification? Is it positive for a firm to diversify product or not?
251. What are MNCs?
252. What do you understand by balance of payments?
253. If price of Rupee in terms of dollars fall then it is an incentive for exporters or importers and why?
254. Which one is more disastrous for the business, inflation or deflation and why?
255. What is exchange rate how it affects business?
256. What is subsistence wage rate?
257. If production capacity of a machine is 100 units per month and demand is 105 units per month, should producer install new machine or over utilize the first one?
258. What is SEBI?
259. What are objectives of a firm?
260. How revenue concepts are important for a firm?
261. How cost analysis is important for a firm?
262. If price of a commodity is increasing, the seller should supply less or more and why?
263. What is dumping? How it is affecting the economies of developing countries?
264. What is market?
265. How government polices affect the business? Give examples.
266. How important the macro economic analysis for a business organization?
267. What is micro macro paradox?
268. When price of a tea is increasing the coffee producer should increase or decrease the production and why?
269. Explain some flaws in the Indian banking system.
270. Which authority regulates the monetary policy in India?
271. What are economies of scale?
272. What is the use of statistics in management?
273. For the manufacturer of readymade garments, which method we can apply to determine the production and why?
274. Company XYZ is planning to find out the level of sale in rural areas in given time period. How would you organize a survey for this purpose?
275. How averages are helpful in managerial decision making?
276. How a pharmaceutical company can test the effectiveness of new drug with help of statistical tools?
277. Can we statistically test the average durability of older and modified product manufactured by same company?
278. Can we compare the variability of two dissimilar series?
279. If there is dispute between workers and factory owner, which average will be used by workers and which average by factory owner to justify their respective claims?
280. What are the applications of regression?
281. Suppose you are conducting a survey on customer satisfaction in NCR for a particular product which method of data collection would you use and why?
282. How would you forecast the level of demand of a textile company in coming festive season?
283. There is continuous fall in sale of a company. Management is trying to find out the responsible factor for the same. How would you find out the most responsive factor for the decline in sale?
284. Can you convert the money wages into real wages?
285. What is the difference between regression and correlation?
286. How can you compare the rate of change of production in the various industries?
287. The manager of a cyber café claims that the number of customer visiting on the week days follows a binominal distribution. Can we check his claim by using any method?
288. Can you calculate the probability of rare events?
289. During the certain period the cost of living index goes up from 110 to 200 and a salary of a worker is also raised from 500 to 900. Does the worker really gain, and if so, by how much in real terms?
290. How can you relate mathematics with business management?
291. Suppose there are two companies X and Y, you have to invest in either of the given companies according to their statistics and past records. Both companies are same on the level of average and dispersion. Then which one you will prefer X or Y or both and why?
292. What are parameters in statistics?
293. Prepare a brief questionnaire to check the consumer behavior in a certain region for product ABC.
294. Can we check the consistency in performance of two machines? If yes, explain.
295. A company has two plants X and Y both producing the same product in different ratios. Later on it was discovered that both has some percentage of defective items out of total production. Now an item has been selected and found to be defective. Can you calculate the percentage chance of obtaining the defective item from company X?
296. For a manufacturing unit where the production series shows high variability, arithmetic average is used to find out the average production and results applied further for improving the production rate but the owner get negative response why?
297. Quality analysis can be done by two methods through questionnaire or through schedule. If you have financial constraints, which method you will opt?
298. What are the applications of index number?
299. Suppose a market research team wants to determine by sampling the average number of television sets per household in a large town. Which method you will opt?
300. Out of different averages in statistics, which is the best one?
301. The weather bureau of a city wants to predict the daily temperature based on certain factors of past like humidity, rainfall etc. Can you predict any way to find out the same?
302. Can you relate the decision taken by two panels?
303. Shri Ram industry wants to know about the level of engagement of employees in company. Manager uses different parameters like salary, team work age, gender, martial status etc. How can the manager test whether these attributes are effective in measuring the degree of employee engagement?
304. Firm A and B have on average same sale for the past ten years. But Firm A show more variation as compare to company B. Which company you will prefer and why?
305. How can you define standard error and its application?
306. Statistical tools can save a business firm from over and under production. Comment.
307. What are the limitations of correlation?
308. On the basis of which method you will decide the increment in salaries and allowances of employees?
309. Suppose you are working as a quality controller in a firm. Which method you will opt for preparing the controlling quality chart and why?
310. Which statistical method will help you in studding continuous fluctuations in business?
311. How can you use the index number in formulating business policies?
312. Which mathematical method is considered as the backbone of policy formation in insurance sector?
313. Suppose you are calculating price index number as a project then which method you will opt and why?
314. What is the utility of dispersion in business?
315. Can you test the variability of two samples taken from same population?
316. How input output analysis is helpful in business?
317. How can you check the quality of product?
318. What is difference between population and sample? On which basis you will apply the method of sampling for your analysis.
319. How can you calculate the income inequality using statistical method?
320. What is probability and mention one utility in business management.
321. Where you can apply systematic sampling?
322. What do you mean by Production and Operations Management?
323. Differentiate between Production to Stock and Production to Order.
324. Explain Economies and Diseconomies of Scale.
325. What are the different types of Capacity Strategies?
326. What are the different types of Facility Layouts?
327. Define EOQ.
328. What do you mean by FMS?
329. What do you mean by SCM?
330. What do you mean by MRP II?
331. Name the Quality Gurus?
332. How many kinds of Production are there?
333. What are the three basic functions of an organization?
334. What is the Distinction between Manufacturing and service organizations?
335. What are the key decisions of Operations Managers?
336. Why should you study Operations Management?
337. What do you mean by Transformation?
338. What is Productivity?
339. How is production related with other areas of management?
340. What is Operations Strategy?
341. What is Maintenance management?
342. What is Delphi Method?
343. What is Product Design?
344. What is Quality Control?
345. What is Inventory Control?
346. What are some of the trends in Operations Management?
347. What is OPT?
348. What are the Time Series Components?
349. What are the Smoothing Methods in Forecasting?
350. What is the equation of a straight line?
351. What is linear regression?
352. What are the stages of production?
353. What do you mean by process design?
354. What is Capacity?
355. Differentiate between effective capacity and design capacity.
356. What are the factors affecting capacity?
357. What is the theory of constraints?
358. What are the Issues in Facility Location?
359. How do you select Service and Retail Locations?
360. Differentiate between Product and Process Layout.
361. Explain Fixed Layout.
362. What do you mean by Work Measurement?
363. How many kinds of spare parts are there?
364. What are the various inventory costs?
365. What do you mean by Safety Stocks?
366. What is ROP?
367. What is BOM?
368. What is master scheduling?
369. Explain Manufacturing Planning and Control.
370. What is MRP II?
371. What is ERP?
372. Customers want delivery lead time to be as short as possible and manufacturing must design a strategy to achieve this. Discuss these manufacturing strategies.
373. Explain in the 3 kinds of Manufacturing Systems?
374. Explain the theory of Constraints and Drum Buffer-Rope.
375. Explain the Purchasing Cycle.
376. Differentiate between Order qualifier and Order winners.
377. Explain the supply chain concept.
378. What are the Advantages and Disadvantages of policies?
379. What are the Objectives of the Purchasing Function?
380. What is reciprocity policy?
381. What do you mean by Supplier Relations?
382. What are the qualifications of supplier selection?
383. what are the different areas or issues that require purchase negotiation?
384. How do you do negotiation planning?
385. What are the Sources of Negotiating Power?
386. What are some of the tactics used by buyers and sellers who really ploys or tricks to get the other party to agree to an issue or contract?
387. What is Win-Win Negotiation?
388. Why is negotiation such an important part of the purchasing process?
389. Develop a profile of a skilled or effective negotiator.
390. Comment on legal authority and personal liability of purchasing manager.
391. What are purchasing ethics?
392. Can you consider purchase order as a contract?
393. What does the request for quotation sent by the buyer to the supplier contain?
394. What are the two major types of warranties?
395. Why is it important for purchasing managers to understand the Law? Isn’t this the business of lawyers?
396. Why is it important for a firm to have a written ethics policy? What is the importance of top management’s commitment to the policy?
397. What are the inputs to the Material Requirements Planning System?
398. What are the Objectives of MRP?
399. What is Lead time?
400. How many types of supplier sourcing are present?
401. What is Vendor-Managed Inventory?
402. What is the relationship between the MPS and the MRP?
403. Describe the parent –component relationship.
404. What kinds of inventories are present?
405. what are the different inventory costs?
406. What do you mean by ABC Inventory Control?
407. What are the Objectives of Inventory Management?
408. What are the different types of warehouses?
409. Differentiate between Consolidation and Break Bulk.
410. What can you say about warehouse design?
411. Explain the Billing and Inventory Control in a warehouse.
412. Differentiate between Packing and Packaging.
413. What are the different kinds of Packaging?
414. What is Unitization?
415. Comment on recent trends in logistical packaging methods.
416. What is E-Supply Chain?
417. Are there any e-sourcing tools today that have strength in all of the different area of sourcing analysis?
418. OR is the art of winning war without actually fighting it. Comment.
419. What is meant by mathematical model of a real situation?
420. Can there be multiple optimal solutions to an assignment problem?
421. Define Operations Research.
422. Define mixed strategy & pure strategy.
423. What is EOQ?
424. Degeneracy in LPP Define.
425. Define Duality.
426. Explain Branch and Bound Method.
427. What are the methods that can be used to find optimality of transportation problem?
428. Why dummy source or destination in a transportation problem is added?
429. How OR is valuable in aiding executive decisions?
430. Define lead time and order cycle in inventory management.
431. What is Monte Carlo simulation?
432. What are Surplus and artificial variables?
433. Explain decision making under risk?
434. State rule of Dominance in game theory.
435. Define multi channel facility and give an example.
436. List any two differences between PRT and CPM.
437. What is a traveling salesman problem?
438. Differentiate between carrying and holding cost.
439. Briefly discuss the assumption made in formulation of L.P model.
440. Explain break even point.
441. Explain big M method of LPP.
442. Explain two persons zero sum games.
443. What is queuing theory? Discuss its essential features.
444. Define and discuss the role of operations research.
445. Write the management significance of OR.
446. Distinguish between assignment problem and transportation problem.
447. Discuss the role of sensitivity analysis.
448. Explain general model of linear programming problems.
449. Explain some characteristics of Queuing model.
450. Determine the optimal assignment schedule.
451. OR is nothing but a quantitative analysisof the problem. Comment.
452. What do you mean by dynamic programming? Explain its management application.
453. Briefly explain the process of simulation.
454. How concept of dominance is used in simplifying the solution of a rectangular game?
455. What is an unbalanced transportation problem?
456. Illustrate the rules of converting a primal problem into a dual problem.
457. A company uses annually 4800 units of raw material costing Rs. 1.20 per unit. Placing each order costs Rs.45 and inventory carrying cost are 15% per year of average inventory values. Find EOQ.
458. What are the different areas where you can use various models of OR.
459. Is new solution after initial basic feasible solution in LPP is an improved solution? Yes or No?
460. There are 3 routes from home to office. To evaluate the optimum path out of three what will be the factors to be considered and which model is to be used.
461. Write application and scope of operations research.
462. Write & explain various costs involved in inventory analysis.
463. How game theory is helpful in taking managerial decisions.
464. Explain two phase method.
465. When dummy activity is used in the diagram?
466. Write steps of inventory model building.
467. Why VAM is preferred over LCM & NWCM?

Interview Index


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