Management
Question : Case Study 30
LMN Corporation is a conglomerate that has executed trades on a stock exchange. The company's management is preparing for the settlement process.
Question :
During the settlement process, what is transferred from the seller to the buyer?
Option 1: Ownership of shares
Option 2: Brokerage fees
Option 3: Dividends
Option 4: Trading orders
Correct Answer: Ownership of shares
Solution : The correct answer is (a) Ownership of shares
During the settlement process, what is transferred from the seller to the buyer is ownership of shares. The seller transfers ownership of the shares to the buyer, and these shares are moved from the seller's
Question : Staffing function of management is concerned with __________________.
Option 1: Organising
Option 2: Planning
Option 3: Right man on right job
Option 4: None of the above
Correct Answer: Right man on right job
Solution : The key sucess of any organisation is right person at the right job position. Staffing function is concerned with bringing right and efficicent people in the organisation. Hence, option 3 is the correct answer.
Question : Case Study:
XYZ Productions uses differential piece wage system to motivate employees to produce more units. Which technique of scientific management is being applied here?
Option 1: Time Study
Option 2: Fatigue Study
Option 3: Motion Study
Option 4: Differential Piece Wage System
Correct Answer: Differential Piece Wage System
Solution : The correct answer is (d) Differential Piece Wage System
The differential piece wage system involves providing financial incentives to employees based on the number of units they produce. This system aims to motivate employees to produce more units by linking their earnings
Question : It increases the efficiency of workers by reducing fatigue and wasteful movments on a job. Which technique of scientific management is being highlighted in the given statement?
Option 1: Method study
Option 2: Motion study
Option 3: Time study
Correct Answer: Motion study
Solution : The purpose of motion studies to rect and eliminate unnecessary movement for motions and to find out the best method of doing a particular job. It has to save time and increases the production.
Hence, option B is correct.
Question : Employees turnover should be minimised to to maintain organisational efficiency. Which of the following principles of management is being highlighted in the given statement?
Option 1: Stability of personnel
Option 2: Initiative
Option 3: Esprit de cops
Option 4: Equity
Correct Answer: Stability of personnel
Solution : According to this principal there should be proper efforts to achieve stability and continuity of tenure of personnel. Henry fellow was of the view that employees should be selected in appointed after due and rigorous procedure. Selected they should be kept at the
Question : Which of the following are the features of Management as a science?
Option 1: Systematize body of knowledge
Option 2: Principles based on experimentation
Option 3: Universal validity
Option 4: All of the above
Correct Answer: All of the above
Solution : All three above mentioned are the features of Management as a science.
Hence, Option D is correct.
Solution : The correct answer is (d) Differential Piece Wage System.
Differential Piece Wage System involves paying employees based on the number of units they produce. It's an incentive-based system that motivates employees to increase their productivity to earn more. In this scenario, XYZ
Question : The nature of management is influenced by changes in:
Option 1: Social factors
Option 2: Technological factors
Option 3: Economic factors
Solution : The correct answer is (d) All of the above
The nature of management is dynamic and adaptable, and it is influenced by various factors, including social, technological, and economic changes. Let's briefly discuss each of these influences:
Social factors: Changes in societal
Question : Assertion: Centralization of authority leads to quicker decision-making.
Reason: It reduces the need for coordination among different levels of management.
Option 1: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Option 2: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
Option 3: Assertion is true, but the reason is false.
Option 4: Assertion is false, but the reason is true.
Correct Answer: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
Solution : The correct answer is (b) Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
The assertion is true. Centralization of authority
Question : Case Study: XYZ Tech Solutions implements scientific management techniques to standardize and optimize work processes. Which technique involves analyzing the movements and actions required to perform a task efficiently?
Option 1: Fatigue study
Option 2: Time study
Option 3: Method analysis
Option 4: Motion study
Solution : The correct answer is (d) Motion study
Motion study, a technique within scientific management, involves analyzing the movements and actions required to perform a task efficiently. It aims to identify the most effective and efficient ways to complete a task by studying and optimizing
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