Film, Television, Digital Video Production
Question : Identify the principle of management in the below case. The head of the sales department asked his subordinate to increase the production due to increased sale of cloth whereas the head of finance department asked not to increase the production of cloth due to risk factor.
Option 1: Unity of direction
Option 2: Unity of command
Option 3: Division of work
Option 4: Scaler chain
Correct Answer: Unity of command
Solution : Unity of command is being violated here. It involves each subordinate should receive orders from only one superior. The subordinate is accountable to his single Boss only. Hence Option B is correct.
Question : Case Study:
A company believes that customers will only buy products that are aggressively promoted and marketed. They focus on creating demand through effective advertising and selling efforts. This philosophy reflects the:
Option 1: Production Concept
Option 2: Marketing Concept
Option 3: Selling Concept
Option 4: Product Concept
Correct Answer: Selling Concept
Solution : The correct answer is (c) Selling Concept.
The Selling Concept is a marketing philosophy that centers on aggressive sales and promotional efforts to convince customers to purchase a company's products or services. The belief behind this concept is that customers won't buy enough unless
A company focuses on creating products that have unique features and benefits. They aim to provide products that stand out from competitors. This philosophy aligns with the:
Option 1: Marketing Concept
Option 2: Production Concept
Correct Answer: Product Concept
Solution : The correct answer is (d) Product Concept.
The Product Concept is a marketing philosophy that centers on creating high-quality products with distinctive features, attributes, and benefits. The primary emphasis is on the product itself, striving to offer features and benefits that differentiate the product
A company believes that consumers will buy products that are readily available and affordable. Their primary focus is on increasing production and distribution efficiency. This philosophy is closely related to the:
Option 2: Societal Marketing Concept
Option 3: Production Concept
Correct Answer: Production Concept
Solution : The correct answer is (c) Production Concept.
The Production Concept is a marketing philosophy that emphasizes producing high-quality products at the lowest possible cost and making them widely available. The primary goal is to achieve production efficiency, streamline operations, and reduce production costs to
Question : Ramesh, Ashmit, and Raj have made the decision to launch a toy manufacturing company. They determined the following primary tasks they must complete: I acquiring raw materials; (ii) acquiring machinery; (iii) producing toys; (iv) arranging for financing; (v) selling toys; (vi) determining the locations where they can sell their toys; and (vii) choosing personnel. They believed that four managers should be selected to oversee production, finance, marketing, and personnel in order to make work more efficient. Identify the step(s) that were taken in the management function.
Option 1: Identifying and dividing the work into manageable activities
Option 2: Departmentalisation
Option 3: Assignment of duties to job positions
Option 4: All of the above
Correct Answer: All of the above
Solution : Following are the steps of organising process: 1. Identifying and dividing the work into manageable activities, 2. Departmentalisation/Departmentation, 3. Assignment of duties to job positions, and 4. Establishing reporting relationships. Hence, the correct option is 4.
Question : As announced in the Union Budget, 2018-19, the Government of India fixes the minimum support price (MSP) of crops at a level of at least ______ times the all-India weighted average cost of production.
Option 1: 1.1
Option 2: 1.7
Option 3: 1.5
Option 4: 1.2
Correct Answer: 1.5
Solution : The correct answer is 1.5.
In the union budget 2018–19, the Government of India fixed the minimum support price of crops at a level of at least 1.5 times the all-India weighted average cost of production, aiming for reasonably fair remuneration for the farmers.
Question : Which of the following events in 1976 was an outcome of the "Simla Agreement" between India and Pakistan?
Option 1: End of the Indo-Pak war over Kashmir.
Option 2: Halt in production of nuclear weapon.
Option 3: Aries wars condition in both the countries.
Option 4: Aries conflicts in trade and mutual benefits between both the countries.
Correct Answer: End of the Indo-Pak war over Kashmir.
Solution : The correct answer is the End of the Indo-Pak war over the Kashmir.
The Simla Agreement gave India and Pakistan realistic expectations for their economic ties. It was a peace accord that was signed following the 1971 Bangladesh Liberation
Question : Assertion: The adoption of cleaner production technologies promotes sustainable development by reducing pollution and resource consumption.
Reason: Cleaner production technologies minimize waste generation and optimize resource efficiency in industrial processes.
Option 1: Both assertion and reason are correct, and the reason is the correct explanation of the assertion.
Option 2: Both assertion and reason are correct, but the reason is not the correct explanation of the assertion.
Option 3: Assertion is correct, but the reason is incorrect.
Option 4: Assertion is incorrect, but the reason is correct.
Correct Answer: Both assertion and reason are correct, and the reason is the correct explanation of the assertion.
Solution : The correct answer is (a) Both assertion and reason are correct, and the reason is the correct explanation of the assertion. The assertion states that the adoption of cleaner production
Question : Case Study: UVW Industries - Sustainable Financing for Green Initiatives
UVW Industries is a company committed to sustainable practices and is undertaking environmentally friendly initiatives. The company is exploring various sources of business finance to support its green projects.
Questions : Business Finance and Sustainability
How can financial planning facilitate UVW Industries' sustainable initiatives?
Option 1: By reducing company workforce
Option 2: By allocating funds effectively for green projects
Option 3: By increasing production costs
Option 4: By investing in unrelated ventures
Correct Answer: By allocating funds effectively for green projects
Solution : The correct answer is (b) By allocating funds effectively for green projects
Financial planning involves allocating financial resources in a strategic manner to support the company's objectives and initiatives. In the context of sustainability, UVW Industries can allocate funds
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