Management Sciences MCQs

1. Which of the following measures central tendency? a) Range b) Variance c) Mean d) Standard deviation Answer: c) Mean 2. The median of a data set is the: a) Most frequent value b) Middle value when data is ordered c) Average of all values d) Difference between the highest and lowest values Answer: b) … Read more

1. What is the probability of an event that is certain to happen? a) 0 b) 0.5 c) 1 d) None of the above Answer: c) 1 2. If two events are mutually exclusive, what is the probability that either one or the other occurs? a) Sum of their probabilities b) Product of their probabilities … Read more

1. What is the main purpose of descriptive statistics? a) To make inferences about a population b) To describe the main features of a dataset c) To determine cause and effect d) To test hypotheses Answer: b) To describe the main features of a dataset 2. Which measure of central tendency is most affected by … Read more

Introduction to Business MCQs Principles of Management MCQs Financial Accounting MCQs Microeconomics MCQs Macroeconomics MCQs Business Mathematics and Statistics MCQs Business Communication MCQs Organizational Behavior MCQs Marketing Management MCQs Financial Management MCQs Human Resource Management MCQs Operations Management MCQs Business Law MCQs Business Ethics MCQs Information Technology in Business MCQs International Business MCQs Entrepreneurship MCQs … Read more