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Management

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Question : It refers to obedience to organisational rules and employment agreement which are necessary for working of the organisation. Which of the following principles of management is being highlighted in the given statement?

Option 1: Authority and responsibility

Option 2: Discipline

Option 3: Unity of command

Option 4: Unity of direction

 

Team Careers360 20th Jan, 2024

Correct Answer: Discipline


Solution : Discipline refers to obedience to rules and regulations of the organisation which is necessary for systemattic working of the organisation. Discipline is must for all the enterprises and for all the levels.

Hence, option B is correct.

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Question : Effective management of common property resources is essential to:
 

Option 1: Privatize and commercialize natural resources
  

Option 2: Prevent conflicts and ensure equitable access
   

Option 3: Centralize control over resource distribution

 

Option 4: Promote unrestricted exploitation of resources

Team Careers360 24th Jan, 2024

Correct Answer: Prevent conflicts and ensure equitable access
   


Solution : Effective management of common property resources is essential to prevent conflicts and ensure equitable access, as it involves collective decision-making and responsible use by the community.

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Question : Which of the following is NOT one of the 14 Principles of Management as outlined by Henri Fayol?

Option 1: Unity of command

Option 2: Science not the rule of thumb

Option 3: Scalar chain

Option 4: Equity

 

Team Careers360 21st Jan, 2024

Correct Answer: Science not the rule of thumb


Solution : Science not the rule of thumb is the principle of tayo, it is not one of the 14 Principles of Management identified by Henri Fayol. The other three options (Unity of command, Scalar chain, and Equity) are all principles identified

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Question : Planning is the _______ function of management.

Option 1: First

Option 2: Second 

Option 3: Third

Option 4: Fourth 

Team Careers360 20th Jan, 2024

Correct Answer: First


Solution : Every manager's first responsibility is to plan. The manager cannot perform any other function unless the planning function is completed.
As a result, option 1 is the correct answer.

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Question : Case Study 19:

EFG Manufacturing is a company that produces consumer goods. The management team at EFG wants to implement a robust control system to improve productivity and optimize resource utilization.

Question:

How can EFG Manufacturing benefit from an effective control system?

 

Option 1: By increasing employee turnover.

Option 2: By raising production costs.

Option 3: By optimizing resource utilization.

Option 4: By reducing market competition.

Team Careers360 24th Jan, 2024

Correct Answer: By optimizing resource utilization.


Solution : The correct answer is (c) By optimizing resource utilization.

EFG Manufacturing can benefit from an effective control system by optimizing resource utilization. A well-implemented control system helps the company identify inefficiencies, reduce waste, and improve the allocation of resources. This can lead

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