Management
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
Question : Statement 1: Management is a profession.
Statement 2: Management does not require specialized knowledge and skills.
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.
Correct Answer: Statement 1 is true, and Statement 2 is false.
Solution : The correct answer is (c) Statement 1 is true, and Statement 2 is false.
Statement 1 is true because management is considered a profession, and there are professional organizations, certifications, and academic programs related to management. Many
Question : Rahul, a worker is given target of assembling two computer per day. Due to his habit of doing things differently, an idea stuck him which would not only reduce the assembling time of computers but would also reduce the cost of production of computer. Rahul's supervisor instead of appreciating him, ordered him to complete the work as per the method and technique decided earlier as nothing could be change at this stage. The above para describes one of the limitation of planning function of management. Name that limitation?
Option 1: Planning reduces creativity
Option 2: Planning may not work in a dynamic environment
Option 3: Planning leads to rigidity
Option 4: Planning is a time consuming process
Correct Answer: Planning reduces creativity
Solution : With the planning, the organization's managers begin to work rigidly and become the plan's only blind follower. The manager takes no initiative to make changes to the plan in response to changes in the business environment. In the above case, Rahul's supervisor instead
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