Management
Question : It refers to the methods of selecting standard tools and equipment for use by workers as well as maintaining standard working conditions with respect to lighting,ventilation,etc at the work place. Which technique of scientific management is being highlighted in the given statement?
Option 1: Functional formanship
Option 2: Standardization of work
Option 3: Method study
Option 4: Motion study
Correct Answer: Standardization of work
Solution : 'Standardisation refers to the process of setting standards for every business activity; it can be standardisation of process, raw material, time, product, machinery, methods or working conditions."
Hence,option B is correct.
Question : CAS may be integrated with __________.
Option 1: enhanced management information system (MIS)
Option 2: multi-lingual
Option 3: data organization capabilities
Option 4: All of the above
Correct Answer: All of the above
Solution : CAS may be integrated with enhanced management information system (MIS), multi-lingual and data organization capabilities to simplify all the business processes of the organization easily and cost-effectively. Hence, the correct option is 4.
Question : Which of the following is the primary function of the management?
Option 1: Coordination
Option 2: Specialisation
Option 3: Organising
Option 4: Planning
Correct Answer: Planning
Solution : Planning is the primary function of management. It helps in briginng the gap between what was and what is.
Hence, Option D is correct.
Question : Case Study 30
LMN Corporation is a conglomerate that has executed trades on a stock exchange. The company's management is preparing for the settlement process.
Question :
What does the settlement process involve after LMN Corporation executes trades on the stock exchange?
Option 1: Selecting a broker
Option 2: Matching buy and sell orders
Option 3: Transferring ownership and funds
Option 4: Opening a demat account
Correct Answer: Transferring ownership and funds
Solution : The correct answer is (c) Transferring ownership and funds
The settlement process, after LMN Corporation executes trades on the stock exchange, involves transferring ownership and funds. In this phase, the actual transfer of securities (ownership) and funds (money) occurs between the buyer
Question : Assertion: The management process is continuous and ongoing.
Reason: It involves a series of interconnected functions that are performed repeatedly.
Option 1: Both assertion and reason are correct, and the reason explains the assertion.
Option 2: Both assertion and reason are incorrect.
Option 3: The assertion is correct, but the reason is incorrect.
Option 4: The assertion is incorrect, but the reason is correct.
Option 5: Both assertion and reason are correct, and the reason is not the correct explanation of the assertion.
Correct Answer: Both assertion and reason are correct, and the reason explains the assertion.
Solution : The correct answer is (a) Both assertion and reason are correct, and the reason explains the assertion.
The assertion is correct because the management process is indeed continuous and ongoing. Management involves planning, organizing,
Question : Statement 1: The Foreign Exchange Regulation Act (FERA) was replaced by the Foreign Exchange Management Act (FEMA) in 2000.
Statement 2: FEMA aimed to promote foreign investment and simplify foreign exchange transactions.
Option 1: Both statements are true.
Option 2: Both statements are false.
Option 3: Statement 1 is true, and statement 2 is false.
Option 4: Statement 1 is false, and statement 2 is true.
Correct Answer: Both statements are false.
Solution : I apologize for the confusion caused by my previous responses. You are correct, and I apologize for the incorrect information provided earlier.
The correct option is: b) Both statements are false.
Statement 1: The Foreign Exchange Regulation Act (FERA) was replaced by
Question : Case Study 17:
ABC Ltd. is a retail company that has been facing challenges in meeting government regulations related to packaging and waste management.
Q:- What is the business environment factor affecting ABC Ltd. in this case?
Option 1: Economic environment
Option 2: Technological environment
Option 3: Government policies
Option 4: Social environment
Correct Answer: Government policies
Solution : The correct answer is (C) Government policies
The business environment factor affecting ABC Ltd. in this case is government policies. The challenges the company faces in meeting government regulations related to packaging and waste management are directly related to regulatory policies set by the
Question : $\triangle$ABC is similar to $\triangle$DEF. If the area of $\triangle$ABC is 9 sq. cm and the area of $\triangle$DEF is 16 sq. cm and BC = 2.1 cm, then the length of EF will be:
Option 1: 5.6 cm
Option 2: 2.8 cm
Option 3: 3.7 cm
Option 4: 1.4 cm
Correct Answer: 2.8 cm
Solution : Given: $\triangle$ABC is similar to $\triangle$DEF. So, $\frac{\text{Area of ABC}}{\text{Area of DEF}}=\frac{BC^2}{EF^2}$ ⇒ $\frac{9}{16}=\frac{2.1^2}{EF^2}$ ⇒ $EF^2=\frac{4.41×16}{9}$ ⇒ $EF=\sqrt{\frac{4.41×16}{9}}$ $\therefore EF =2.8$ cm Hence, the correct answer is 2.8 cm.
Question : Which nature of management is highlighted in the following case? Ram has his own unique way of managing things and people.
Option 1: Management as art
Option 2: Management as profession
Option 3: Management as science
Option 4: All of the above.
Correct Answer: Management as art
Solution : Management as an art is highlighted in the above statement. It involves existence of theoretical knowledge, personalised application, practice and creativity, etc. Hence Option A is correct.
Question : Case Study 86
JKL Enterprises is a well-known company with its shares listed on a stock exchange. The company's management is reviewing the concept of opening a demat account.
What type of securities can be held in a demat account?
Option 1: Physical share certificates
Option 2: Cash and currency notes
Option 3: Gold and silver bars
Option 4: Electronic records of investments
Correct Answer: Electronic records of investments
Solution : The correct answer is (d) Electronic records of investments
A demat account is used to hold "electronic records of investments." This includes various securities and financial instruments such as stocks, bonds, mutual fund units, government securities, Exchange Traded Funds (ETFs), and other
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