Management
Question : Assertion: Effective management can lead to a competitive advantage for an organization.
Reason: It helps in delivering products and services more efficiently than competitors.
Option 1: Both assertion and reason are correct, and the reason explains the assertion.
Option 2: Both assertion and reason are incorrect.
Option 3: The assertion is correct, but the reason is incorrect.
Option 4: The assertion is incorrect, but the reason is correct.
Option 5: Both assertion and reason are correct, and the reason is not the correct explanation of the assertion.
Correct Answer: Both assertion and reason are correct, and the reason explains the assertion.
Solution : The correct answer is (a) Both assertion and reason are correct, and the reason explains the assertion.
The assertion is correct. Effective management practices, including strategic planning, efficient operations, and leadership, can help an
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 is the main role of a broker in the stock market?
Option 1: Regulating stock exchanges
Option 2: Issuing new shares
Option 3: Matching buy and sell orders
Option 4: Allocating resources to companies
Correct Answer: Matching buy and sell orders
Solution : The correct answer is (c) Matching buy and sell orders
The main role of a broker in the stock market is to match buy and sell orders. Brokers act as intermediaries between buyers and sellers, facilitating transactions by matching buy orders
Question : Case Study 74
UVW Ltd. is a conglomerate that has recently traded its shares on a stock exchange. The company's management is considering the functions of a stock exchange.
What is the function of a stock exchange that provides companies with the opportunity to raise capital through the issuance of securities?
Option 1: Providing loans to companies
Option 2: Allocation of resources
Option 3: Facilitating trading of securities
Option 4: Regulation of credit rating agencies
Correct Answer: Facilitating trading of securities
Solution : The correct answer is (c) Facilitating trading of securities
The function of a stock exchange that provides companies with the opportunity to raise capital through the issuance of securities is "facilitating trading of securities." Stock exchanges are platforms where companies can list
Question : Which of the following statement is correct? Statement 1- According to the principle of remuneration overall both male and female should the same. Statement 2- Scientific management advocate the use of rule of thumb method to perform the job.
Option 1: Both are true
Option 2: Both are false
Option 3: Statement 1 is true and statement 2 is false.
Option 4: Statement 2 is true and statement 1 is false.
Correct Answer: Both are false
Solution : According to the principle of equity overall Pettu both male and female should the same. Scientific management doesn’t advocate the use of rule of thumb method to perform the job Hence option B is correct .
Question : It determines the rest intervals needed in completing a task.Identify the technique of scientific management highlights in the given statement?
Option 1: Motion study
Option 2: Differential piece wage system
Option 3: Time study
Option 4: Method study
Correct Answer: Differential piece wage system
Solution : Differential piece wage system refers to a system in which efficient in efficient workers are paid at different rates. The basic purpose of fixing two rates is two differentiate efficient and in efficient workers and two suitablely reward the efficient workers.
Hence,
Question : The principles of management do not provide readymade strait jacket solutions to all managerial problems. Which nature of principles of management is highlighted in the given statement?
Option 1: General guidelines
Option 2: Flexible
Option 3: Universal application
Option 4: Formed by practice and experimentation
Correct Answer: General guidelines
Solution : Management principles do not provide readymade solutions. They have to be adjusted as per demand of the situation. This is because real business situations are very complex and dynamic.
Hence, option A is correct.
Question : Which level of management is responsible for the function of setting objective?
Option 1: Top level management
Option 2: Middle level management
Option 3: Operational level management
Option 4: None of the above
Correct Answer: Top level management
Solution : Setting objective is the function of top level management. All important decisions are taken by top level managers.
Hence, Option A is correct.
Question : Span of management refers to ____________.
Option 1: Number of managers
Option 2: Length of term for which a manager is appointed
Option 3: Number of subordinates under a superior
Option 4: Number of members in top management
Correct Answer: Number of subordinates under a superior
Solution : Span of management means how many employees or subordinates can be effectively managed by one manager or how many subordinates can be effectively controlled by one superior. Hence, option 3 is the correct answer.
Question : Case Study: XYZ Apparel Company believes in providing fair and equitable compensation to its employees. This aligns with which principle of management?
Option 1: Unity of command
Option 2: Division of labor
Option 3: Esprit de corps
Option 4: Remuneration of personnel
Correct Answer: Remuneration of personnel
Solution : The correct answer is (d) Remuneration of personnel
The principle of "Remuneration of personnel" in management emphasizes providing fair and equitable compensation to employees for their efforts and contributions to the organization. It involves offering appropriate wages, salaries, bonuses, incentives, and other forms
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