Apparel
Question : Case Study: XYZ Apparel Company believes in providing fair and equitable compensation to its employees. This aligns with which principle of management?
Option 1: Unity of command
Option 2: Division of labor
Option 3: Esprit de corps
Option 4: Remuneration of personnel
Correct Answer: Remuneration of personnel
Solution : The correct answer is (d) Remuneration of personnel
The principle of "Remuneration of personnel" in management emphasizes providing fair and equitable compensation to employees for their efforts and contributions to the organization. It involves offering appropriate wages, salaries, bonuses, incentives, and other forms
Question : Case Study: ABC Retailers
ABC Retailers is a chain of stores specializing in fashion apparel. They have a hierarchical management structure with top management, middle-level management, and lower-level management. The company aims to provide a wide range of trendy clothing options and outstanding customer service.
Which level of management in ABC Retailers is responsible for developing strategic plans and policies for the entire organization?
Option 1: Top management
Option 2: Middle-level management
Option 3: Lower-level management
Option 4: -
Correct Answer: Top management
Solution : The correct answer is (a) Top management
Top management, also known as senior management or executive management, is responsible for making strategic decisions, setting organizational goals, and formulating policies that guide the overall direction of the entire organization. They are at the highest level
Question : Case Study:
ABC Apparel uses a combination of wholesalers, retailers, and online platforms to distribute its clothing products. Which type of channel of distribution is ABC Apparel using?
Option 1: Direct Distribution
Option 2: Indirect Distribution
Option 3: Dual Distribution
Option 4: Reverse Distribution
Correct Answer: Indirect Distribution
Solution : The correct answer is (b) Indirect Distribution.
Indirect distribution involves utilizing intermediaries, such as wholesalers, retailers, or agents, to sell products to consumers. In this case, ABC Apparel is utilizing wholesalers, retailers, and online platforms (which often involve intermediaries in the form of e-commerce
ABC Retailers' management team believes in maintaining transparency and open communication with employees. This reflects the management principle of:
Option 1: Centralization
Option 2: Unity of direction
Option 3: Scalar chain
Option 4: Openness
Correct Answer: Openness
Solution : The correct answer is (d) Openness
Openness in management principles emphasizes transparency, honesty, and open communication between management and employees. It encourages a culture of trust and clear communication, where information is shared, feedback is welcomed, and decisions are made in a transparent manner. This
The primary objective of ABC Retailers is to:
Option 1: Maximize profits
Option 2: Offer a wide range of trendy clothing options
Option 3: Provide outstanding customer service
Option 4: Expand into new markets
Correct Answer: Offer a wide range of trendy clothing options
Solution : The correct answer is (b) Offer a wide range of trendy clothing options
Providing a wide range of trendy clothing options is a specific and relevant objective for a fashion apparel retailer like ABC Retailers. While maximizing profits
Which objective of management focuses on the well-being and job satisfaction of employees in ABC Retailers?
Option 1: Economic objective
Option 2: Social objective
Option 3: Organizational objective
Option 4: Personal objective
Correct Answer: Social objective
Solution : The correct answer is (b) Social objective
The social objective of management is concerned with creating a positive work environment, fostering employee well-being, and ensuring that employees are satisfied with their jobs. It encompasses aspects such as workplace safety, employee engagement, work-life balance, and
Which level of management in ABC Retailers is responsible for developing detailed plans and policies to achieve organizational objectives?
Correct Answer: Middle-level management
Solution : The correct answer is (b) Middle-level management
Middle-level management is often responsible for translating the broad strategies and goals set by top management into detailed plans and policies that can be implemented at the departmental or unit level. They play a crucial role in
Which objective of management focuses on achieving the financial goals of ABC Retailers?
Correct Answer: Economic objective
Solution : The correct answer is (a) Economic objective
The economic objective of management is primarily concerned with the financial performance and profitability of the organization. It involves managing resources and operations to ensure the company's economic well-being, which includes maximizing revenue, minimizing costs, and generating
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