Management
Question : Case Study:
XYZ Engineering uses fatigue study to understand the physical and mental strain experienced by employees during their tasks. Which technique of scientific management is being applied here?
Option 1: Fatigue Study
Option 2: Time Study
Option 3: Motion Study
Option 4: Method Study
Correct Answer: Fatigue Study
Solution : The correct answer is (a) Fatigue Study
Fatigue study involves the study of employee fatigue and determining the appropriate rest intervals to improve productivity. It aims to reduce employee fatigue and ensure optimal productivity by understanding the physical and mental strain experienced during tasks.
Question : Case Study: XYZ Electronics Pvt. Ltd.
XYZ Electronics Pvt. Ltd. is a growing company specializing in the manufacturing of electronic gadgets. The management believes in effective directing to ensure smooth operations. Consider the following scenario to answer the questions.
Question:
A supervisor at XYZ Electronics should possess qualities such as empathy and patience to:
Option 1: Promote conflicts within the team
Option 2: Ignore employee concerns
Option 3: Foster a positive work environment
Option 4: Implement an autocratic leadership style
Correct Answer: Foster a positive work environment
Solution : The correct answer is (c) Foster a positive work environment.
Empathy and patience are important qualities for a supervisor to foster a positive work environment. Empathy allows the supervisor to understand and relate to the concerns and feelings of their team
Question : Which of the following is an example of the principle of unity of direction in the management process?
Option 1: A manager giving conflicting instructions to employees
Option 2: A manager delegating tasks to multiple employees
Option 3: A manager ensuring that all employees are working towards a common goal
Option 4: A manager providing different incentives to different employees
Correct Answer: A manager ensuring that all employees are working towards a common goal
Solution : The principle of unity of direction in the management process states that all employees should be working towards a common goal, which helps to ensure coordination, consistency, and alignment within the organization.
Hence, Option
Question : Case Study 84
DEF Ltd. is a well-established company planning to raise funds for its expansion projects. The company's management is considering the selection of a broker.
Question :
What type of broker provides trading services at a lower cost but offers limited advice?
Option 1: Full-service broker
Option 2: Discount broker
Option 3: Floor broker
Option 4: Specialist broker
Correct Answer: Discount broker
Solution : The correct answer is (b) Discount broker
A discount broker is a type of broker that provides trading services at a lower cost but offers limited advice compared to a full-service broker. Discount brokers typically charge lower commissions or fees for executing trades but
Question : It's presence can be felt when targets are met, employees are happy and there is orderliness and coordination in the work environment,it shows us which characteristic of the management?
Option 1: Dynamic function
Option 2: Group activity
Option 3: Intangible force
Option 4: Continuous process
Correct Answer: Intangible force
Solution : Management is an invisible force that cannot be seen. However it's presence can be felt when targets are met, employees are happy and there is an orderliness and coordination in the work in environment.
Hence, Option C is correct.
Question : Due to COVID-19, government of India allocated INR 700 crores for the construction of health infrastructure in the states of Karnataka, Orissa and Bihar. Which objective of Government Budget is highlighted in the case above?
Option 1: Reallocation of resources
Option 2: Balanced regional development
Option 3: Management of public enterprises
Option 4: Economic stability
Correct Answer: Balanced regional development
Solution : The correct answer is (b) Balanced regional development.
In the given case, the allocation of INR 700 crores for the construction of health infrastructure in the states of Karnataka, Orissa, and Bihar indicates the objective of balanced regional development in the government budget.
Question : Which management function involves creating a structure of roles and responsibilities within the organization?
Option 1: Planning
Option 2: Organizing
Option 3: Controlling
Option 4: Directing
Correct Answer: Organizing
Solution : The correct answer is The management function that involves creating a structure of roles and responsibilities within the organization is:
b) Organizing
Organizing is the management function that involves creating a structure of roles and responsibilities within the organization. This function includes tasks such as
Question : Select the most appropriate idiom for the given situation. Don't annoy or irritate Raghav, otherwise he will oppose our proposal in the meeting.
Option 1: Pass the buck.
Option 2: Pour oil on troubled water.
Option 3: Rub in the wrong way.
Option 4: Lose the ground.
Correct Answer: Rub in the wrong way.
Solution : The correct idiom for the situation is the third option.
The idiom rub in the wrong way means to agitate or irritate someone. In this context, it implies that Raghav will oppose the proposal if he's annoyed or irritated.
The
Question : Panchayat in our country have been given powers to decide and spend funds granted to them by government for the welfare of the village. Which principle of management is being highlighted in the given statement?
Option 1: Authority and responsibility
Option 2: Centralisation and decentralization
Option 3: Order
Option 4: None of the above
Correct Answer: Centralisation and decentralization
Solution : According to this principal there should be proper balance between centralisation and decentralization in the organisation.
Hence, option B is correct.
Question : Statement 1: Staffing ensures effective utilization of human resources.
Statement 2: Staffing has no influence on resource management.
Option 1: Both statements are true.
Option 2: Statement 1 is true, but statement 2 is false.
Option 3: Statement 2 is true, but statement 1 is false.
Option 4: Both statements are false.
Correct Answer: Statement 1 is true, but statement 2 is false.
Solution : The correct answer is (b) Statement 1 is true, but statement 2 is false.
Statement 1 is true. Staffing ensures effective utilization of human resources by aligning the skills and capabilities of employees with the organizational goals
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