Management
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 : 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
Question : Comprehension: In the following passage, some words have been deleted. Read the passage carefully and select the most appropriate option to fill in each blank. Climatic disasters are (1)_______ increasingly common due to the effects of climate change. These disasters include extreme weather events such as hurricanes, tornadoes, floods, and droughts. To mitigate the effects of these disasters, it is essential to invest in disaster preparedness and (2)______ The impact of climatic disasters is not limited to the loss of life and property damage. For example, hurricanes can disrupt the oil and gas industry, leading to higher fuel prices and (3)_______ Floods can damage crops and infrastructure, leading to food shortages and disruptions to transportation systems. Rising temperatures can lead to more frequent heat waves, while changes in precipitation patterns can lead to more (4)_______ droughts and floods. Climatic disasters disproportionately affect vulnerable populations. Collaboration among governments, communities, and businesses is crucial for effective disaster preparedness and response. This involves investing in early warning systems, improving infrastructure and emergency services, and planning for post-disaster recovery. By taking a (5)_______ approach to disaster management, we can reduce the impacts of climatic disasters and build more resilient communities. Select the most appropriate option to fill in the blank 4.
Option 1: fast
Option 2: rare
Option 3: frequent
Option 4: speedy
Correct Answer: frequent
Solution : The third option is the correct choice.
The context of the sentence discusses the consequences of rising temperatures, indicating an increase in the occurrence of droughts and floods. The term "frequent" appropriately conveys the idea of these events happening more often.
The meanings
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.
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.
Statement 1 is true. A matrix organizational structure is designed to facilitate collaboration and communication across different functional areas within an organization. Employees
Question : Which objective of management focuses on creating a positive work environment?
Option 1: Economic objective
Option 2: Social objective
Option 3: Organizational objective
Option 4: Personal objective
Correct Answer: Social objective
Solution : The correct answer is (b) Social objective
The social objective of management emphasizes the well-being and satisfaction of employees within the organization. It involves creating a positive work culture, fostering healthy relationships, promoting employee engagement, and ensuring the overall welfare of the workforce. By
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