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Management

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Question : The resources should be put to use in such a manner that they should give maximum benefit with minimum cost. The given statement tells us about which significance of principal of management?

 

Option 1: Optimum utilisation of resources and effective administration.
 

Option 2: Meeting changing  environment requirements.

Option 3: Providing managers with useful insights into reality.
 

Option 4: None of the above.

Team Careers360 12th Jan, 2024

Correct Answer: Optimum utilisation of resources and effective administration.
 


Solution : Principles facilitate optimum use of resources by coordinating the physical financial and human resources. It means that resources should be put to using such a way that they should be give maximum benefit with minimum cost. 

Hence, Option A

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Question : Statement 1: Lower-level management is responsible for formulating long-term strategies.

Statement 2: Lower-level management is responsible for supervising frontline workers.

Option 1: Both statements are true
 

Option 2: Both are incorrect
 

Option 3: Statement 1 is true, and Statement 2 is false.

 

Option 4: Statement 1 is false, and Statement 2 is true.

Team Careers360 10th Jan, 2024

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


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

Statement 1 is false because lower-level management is typically not responsible for formulating long-term strategies. This is because long-term strategies require a broad

9 Views

Question : "Keeping an eye on each and every operation in an organisation is neither cheap nor simple. Which managerial control idea or technique was highlighted above?

Option 1: Management by Exception

Option 2: Critical Point Control

Option 3: Both (1) and (2)

Option 4: Budgetary control

Team Careers360 10th Jan, 2024

Correct Answer: Critical Point Control


Solution : Focusing on crucial result areas where deviations are unacceptable and should be addressed on a priority basis is referred to as critical point control. Administration by exception. The implication is that a manager who attempted to control everything risked controlling nothing. Hence, the

11 Views

Question : Change in attitude of workers and management towards from competition to cooperation. Which of the following concept is being discussed in the given statement?

Option 1: Standardization of work

Option 2: Time study

Option 3: Mental revolution

Option 4: Motion study

 

Team Careers360 20th Jan, 2024

Correct Answer: Mental revolution


Solution :
Mental revolution in was a change in the attitude of workers and management towards one another from competition to coperation. What should realise that they require one another and both of them should aim to increase the profits.

Hence, Option C is correct.

19 Views

Question : Which management function involves influencing and inspiring others to achieve common goals?

Option 1: Planning
 

Option 2: Organizing
    

Option 3: Controlling

  

Option 4: Directing

Team Careers360 20th Jan, 2024

Correct Answer: Directing


Solution : The correct answer is (d) Directing

Directing is the management function that focuses on guiding and leading individuals or teams towards the achievement of organizational goals. This function involves influencing and inspiring others by providing clear instructions, communicating expectations, motivating employees, and creating a positive

24 Views

Question : Parts of a sentence are given below in jumbled order. Arrange the parts in the correct order to form a meaningful sentence.

A. before the movie starts
B. should be there
C. at least fifteen minutes
D. the theatre management recommends
E. the audience

Option 1: AEDCB

Option 2: DEBCA

Option 3: EBCAD

Option 4: BDCEA

Team Careers360 17th Jan, 2024

Correct Answer: DEBCA


Solution : The correct choice is the second option.

The sentence starts with part (D) which introduces the subject, "The theatre management" and states its action. It is followed by part (E), which is the object here. It is further followed by parts (B) and (C)

10 Views

Question : Case Study 78

GHI Ltd. is a conglomerate that has recently traded its shares on a stock exchange. The company's management is reviewing the process of placing an order.

Question : 

What is the first step in the process of trading securities on a stock exchange?

Option 1: Settlement
 

Option 2: Execution of the order
 

Option 3: Dematerialization

 

Option 4: Placing an order

Team Careers360 24th Jan, 2024

Correct Answer: Placing an order


Solution : The correct answer is (d) Placing an order

The first step in the process of trading securities on a stock exchange is "placing an order." Investors initiate the trading process by placing orders to buy or sell securities at a specified price. Once

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