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Management

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Question : What is the primary goal of directing in the management process?

Option 1: To establish goals and objectives

Option 2: To organize resources and tasks

Option 3: To monitor performance and take corrective action

 

Option 4: To guide and motivate employees towards achieving organizational goals

Team Careers360 21st Jan, 2024

Correct Answer: To guide and motivate employees towards achieving organizational goals


Solution : Directing is a key function of the management process that involves guiding and motivating employees towards achieving organizational goals. The primary goal of directing is to ensure that employees understand what is expected of them, that they

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Question : Fill in the blanks-
_________ means the transfer of ownership, management, and control of public sector enterprises to private enterprises.
 

Option 1: Liberalisation
 

Option 2: Privatisation
 

Option 3: Globalisation
 

Option 4: None of the above.
 

Team Careers360 25th Jan, 2024

Correct Answer: Privatisation
 


Solution : Privatization can suggest several things including the migration of something from the public sector to the private sector.
Privatization means the transfer of ownership, management, and control of public sector enterprises to private enterprises. Privatization can suggest several things including the migration of something from

9 Views

Question : Case Study: XYZ Motors believes in treating employees with kindness and fairness while maintaining firmness. Which principle of management does this represent?

 

Option 1: Unity of direction

Option 2: Order

Option 3: Unity of command

Option 4: Kindliness and justice

Team Careers360 17th Jan, 2024

Correct Answer: Kindliness and justice


Solution : The correct answer is (d) Kindliness and justice

The principle of "Kindliness and justice" in management emphasizes treating employees with kindness, fairness, and empathy while also maintaining necessary firmness and authority. It promotes a balanced approach in managerial interactions, ensuring employees are treated

37 Views

Question : It is the process of obtaining and maintaining capable and competent people to fill all positions from top to bottom. Which management function is highlighted in the given statement?

Option 1: Planning

Option 2: Staffing

Option 3: Organising

Option 4: Directing

Team Careers360 24th Jan, 2024

Correct Answer: Staffing


Solution :

Staffing is that part of the process of management which is concerned with obtaining utilising and maintaining satisfactory satisfied work force. It is the process of obtaining and maintaining capable and competent people to fill all positions from top to bottom.
Hence, option B is
16 Views

Question : Statement 1: A matrix organizational structure enhances cross-functional collaboration.

Statement 2: It involves a tall hierarchy with multiple layers of management.

 

Option 1: Statement 1 is true, and Statement 2 is false.

Option 2: Statement 1 is false, and Statement 2 is true.

Option 3: Both Statement 1 and Statement 2 are true.

Option 4: Both Statement 1 and Statement 2 are false.

Team Careers360 16th Jan, 2024

Correct Answer: Statement 1 is true, and Statement 2 is false.


Solution : The correct answer is (a) Statement 1 is true, and Statement 2 is false.

A matrix organizational structure is a hybrid structure that combines two or more other types of organizational structures, such as functional and project-based

20 Views

Question : Which of the following principles of management prevents dual subordination?
 

Option 1: Unity of command

Option 2: Unity of direction

Option 3: Division of work

Option 4: Equity

 

Team Careers360 17th Jan, 2024

Correct Answer: Unity of command


Solution : According to this principel each subordinate should receive orders and be accountable to one and only one superior. 

Hence, Option A is correct.

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Question : Case Study 33

XYZ Corporation is a well-established company with shares traded on a stock exchange. The company's management is reviewing the functions of a stock exchange.

Question : 

What is the primary function of a stock exchange?

Option 1: Issuing new shares
 

Option 2: Regulating credit rating agencies
 

Option 3: Facilitating trading of securities

 

Option 4: Setting interest rates

Team Careers360 19th Jan, 2024

Correct Answer: Facilitating trading of securities

 


Solution : The correct answer is (c) Facilitating trading of securities

The primary function of a stock exchange is facilitating trading of securities. A stock exchange is a platform where buyers and sellers can trade shares of publicly-held companies. It provides a centralized marketplace

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