Management
Question : Which of the following principles of management prevents overlapping of working of two divisions?
Option 1: Unity of command
Option 2: Unity of direction
Option 3: Order
Option 4: Equity
Correct Answer: Unity of direction
Solution : Unity of direction employees that there should be one head and one plan for group of activities having same objectives.
Hence, Option B is correct.
Question : Ram is working at the middle level of management. Which of the following functions does he have to perform at this level?
Option 1: He has to assign duties and responsibilities to the people in his department.
Option 2: He can interrupt the policies framed by the top level management.
Option 3: He has to motivate the people in his department to achieve the desired goal.
Option 4: All of the above.
Correct Answer: All of the above.
Solution : Middle level managers' experience interrupts policy decisions of the top level to lower level managers. Middle-level managers issue detailed orders and instructions to the lower-level managers and co-ordinate the activities of various work units. They motivate people to improve their performance in
Question : When decision making authority is retained organisation is said to be by higher management level an __________.
Option 1: Decentralised
Option 2: Centralised
Option 3: Fragmented
Option 4: None of the above
Correct Answer: Centralised
Solution : Centralisation refers to concentration of power or authority in few hands. i.e. top level. An organisation is centralised when the decision making authority is in the hand of top level management only. Hence, option 2 is the correct answer.
Question : The application of principals of management is depend upon the prevailing situation at a particular point of time. The given statement tell us about which nature of the principal of management?
Option 1: Contingent
Option 2: Cause and effect relationships
Option 3: Flexible
Option 4: General guidelines
Correct Answer: Contingent
Solution : The applications of management principle dependent or contingent up on the prevailing conditions at a particular point of time.They have to be suitablely amended as per the situations.
Hence, Option A is correct.
Question : Select the option that expresses the given sentence in passive voice.
The Event Management team organised the wedding.
Option 1: The wedding is organised by the Event Management team.
Option 2: The Event Management has organised the wedding.
Option 3: The Event Management team is organising the wedding.
Option 4: The wedding was organised by the Event Management team
Correct Answer: The wedding was organised by the Event Management team
Solution : The correct choice is the fourth option.
Explanation:
Passive voice is the voice in which the object experiences an action rather than the person who performs the action. Hence, the object in the active voice becomes
Question : Case Study 82
XYZ Enterprises is a startup that aims to trade its shares on a stock exchange. The company's management is reviewing the concept of executing an order.
Question :
What step immediately follows the execution of a trade order?
Option 1: Placing an order
Option 2: Dematerialization
Option 3: Settlement
Option 4: Opening a demat account
Correct Answer: Settlement
Solution : The correct answer is (c) Settlement
The step that immediately follows the execution of a trade order is "settlement." After a trade order is executed and the transaction is completed, the settlement process begins. Settlement involves the actual transfer of ownership of securities and funds
Question : The extent of universal application of principles of Management would vary because of which of the following reason?
Option 1: Nature of the organisation
Option 2: Business activity
Option 3: Scale of the organisation
Solution : The principles of management are intended to apply to all types of organisations however the extent of their applicability would vary with the nature of the organisation,business activity,scale of operations and the like.
Hence, Option D is correct.
Question : Which objective of government budget is highlighted here? Investment in infrastructure projects helps to create job opportunities for different sections of the society. In the urban areas various schemes like MNREGA, SJSRY, etc takes place.
Option 1: Management of public enterprises
Option 2: Economic growth
Option 3: Reducing regional disparities
Option 4: Employment generation
Correct Answer: Employment generation
Solution : Under employment generation, government takes various measures to create employment opportunities which involves investment in infrastructure project in various schemes like MNREGA, SJSRY, etc. Hence Option D is correct.
Question : Which of the following statement is incorrect regarding the nature of principle of management?
Option 1: The management principles are applicable University to all types of organisations.
Option 2: The management principles are flexible and provide ample scope for taking into concentration the requirements of a given situation.
Option 3: Management principles are absolute or state in nature. They can be applied blindly in all situations.
Correct Answer: Management principles are absolute or state in nature. They can be applied blindly in all situations.
Solution : Management principles are absolute or state in nature. They can be applied blindly in all situations. Management principles are contingent on Nature. They may application of Management principles is dependent
Question : The technique of scientific management focuses on:
Option 1: Enhancing employee creativity
Option 2: Maximizing organizational profits
Option 3: Optimizing work processes for efficiency
Option 4: Minimizing employee workload
Correct Answer: Optimizing work processes for efficiency
Solution : The correct answer is (c) Optimizing work processes for efficiency.
Scientific management, developed by Frederick Taylor, aims to improve productivity and efficiency by scientifically analyzing and optimizing work processes. This technique involves breaking down tasks into smaller components, conducting time and
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