Management
Question : The feature of universal applicability in principles of management implies that:
Option 1: The principles apply to all industries and organizations
Option 2: The principles are only applicable to large organizations
Option 3: The principles are specific to certain cultures
Option 4: The principles are limited to specific departments
Correct Answer: The principles apply to all industries and organizations
Solution : The correct answer is (a) The principles apply to all industries and organizations.
Universal applicability means that the principles of management are relevant and can be applied across different industries and organizations. These principles are based on fundamental
Question : Which of the following is not an importance of management in non-profit organizations?
Option 1: Resource utilization
Option 2: Efficient service delivery
Option 3: Fundraising
Option 4: Employee motivation
Correct Answer: Fundraising
Solution : The correct answer is (c) Fundraising
While fundraising is certainly important for non-profit organizations, it is not directly related to the role of management. Instead, it is a specific activity or function that supports the financial sustainability of non-profit organizations.
Question : Case Study 81
OPQ Ltd. is a technology startup planning to trade its shares on a stock exchange. The company's management is reviewing the protective functions of SEBI.
Question :
What is one of the protective functions of SEBI that ensures fair practices in the securities market?
Option 1: Providing loans to companies
Option 2: Facilitating mergers and acquisitions
Option 3: Regulating interest rates
Option 4: Prohibiting insider trading
Correct Answer: Prohibiting insider trading
Solution : The correct answer is (d) Prohibiting insider trading
One of the protective functions of SEBI (Securities and Exchange Board of India) that ensures fair practices in the securities market is prohibiting insider trading. Insider trading refers to the illegal practice of trading in
Question : Which of the following statement is correct? Statement 1- The aim of both Henry and Taylor principal is to secure maximum from available resources. Statement 2- Taylor’s contribution is expressed as scientific management.
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 true
Solution : The aim of both Henry and Taylor principal is to secure maximum from available resources. Taylor’s contribution is expressed as scientific management. Hence option A is correct .
Question : The directing function of management is closely related to:
Option 1: Planning
Option 2: Organizing
Option 3: Controlling
Option 4: Decision-making
Correct Answer: Controlling
Solution : The correct answer is (c) Controlling.
Controlling is a function of management that involves monitoring and evaluating the progress and performance of employees and the organization as a whole. It is an essential part of the directing function as it ensures that the activities are
Question : Which of these is one of the functions of the Government budget?
Option 1: Management of money supply
Option 2: Maintaining strict budgetary balance
Option 3: Redistribution of income and wealth
Option 4: Price fixation
Correct Answer: Redistribution of income and wealth
Solution : The correct option is Redistribution of income and wealth.
One of the functions of the Government budget is the redistribution of income and wealth. The government can use the budget to implement policies that aim to reduce income and wealth
Question : In the following passage, some words have been deleted. Select the most appropriate option to fill in each blank.
(1)_______ changes in science and technology lead to modernisation of technology as well as upgradation of knowledge. In order to upgrade or modernise technology, management must (2)_______ employees to accept new technology. (3)________ training of staff becomes necessary to update their knowledge and to (4) _____their skills. This is possible only (5)______ effective communication between the management and the employees.
Question:
Select the most appropriate option for blank 4.
Option 1: imitate
Option 2: enhance
Option 3: hamper
Option 4: decrease
Correct Answer: enhance
Solution : The correct answer is option 2.
Explanation:
The correct response is 'enhance.' Let us investigate the significance of the given options. - - model - take or follow as an example - improve - increase, intensify, or further improve the quality, value, or extent of.
Question : Case Study 80
LMN Corporation is a well-established company planning to raise funds for its expansion projects. The company's management is considering the regulatory functions of SEBI.
What is the primary regulatory role of SEBI?
Option 1: Allocating resources to companies
Option 2: Facilitating trading on stock exchanges
Option 3: Protecting the rights of investors
Option 4: Providing loans to companies
Correct Answer: Protecting the rights of investors
Solution : The correct answer is (c) Protecting the rights of investors
The primary regulatory role of the Securities and Exchange Board of India (SEBI) is to protect the rights of investors. SEBI is the regulatory body for the securities market in India.
Question : Case Study : Incentives and Employee Satisfaction at LMN Corp
LMN Corp values employee satisfaction and offers a variety of incentives. Consider the following scenario to answer the questions.
The management at LMN Corp recognizes that fulfilling self-actualization needs involves:
Option 1: Offering health benefits
Option 2: Providing flexible work arrangements
Option 3: Encouraging skill development and growth
Option 4: Implementing strict performance evaluations
Correct Answer: Encouraging skill development and growth
Solution : The correct answer is (c) Encouraging skill development and growth.
Self-actualization needs, according to Maslow's hierarchy, pertain to achieving one's full potential, personal growth, and self-fulfillment. Encouraging skill development and growth provides employees with opportunities to enhance their capabilities, pursue their
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