Management
Question : Identify the principle of management in the below case. The management of all the organisation should promote a team spirit of unity and harmony among employees.
Option 1: Scalar chain
Option 2: Espirit de corps
Option 3: Unity of direction
Option 4: Stability of personnel.
Correct Answer: Espirit de corps
Solution : According to espirit de corps management should promote a spirit of unity and harmony among the employees. They focus on together everyone achieve more. Hence Option B is correct.
Question : All the functions of management are performed by the managers on continuous basis. This shows us which characteristic of management?
Option 1: Continuous process
Option 2: Dynamic function
Option 3: Intangible force
Option 4: Group activity
Correct Answer: Continuous process
Solution : Management is an on-going process that is conserved by constantly solving problems and solving them by taking appropriate action. All the functions of management are performed by the managers on a continuous basis.
Hence, Option A is correct.
Question : Assertion: Marketing management focuses on delivering customer value and satisfaction.
Reason: Marketing management is solely about increasing sales volume.
Option 1: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Option 2: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
Option 3: Assertion is true, but the reason is false.
Option 4: Assertion is false, but the reason is true.
Correct Answer: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
Solution : The correct answer is (b) Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
The assertion is true. Marketing management does
Question : Which of the statement is true? Statement 1- Healthy working condition is a personal objective of management. Statement 2- Quality product at fair price is an organisational objectives.
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: Statement 1 is true and statement 2 is false.
Solution : Healthy working condition is a personal objective of management. Quality product at fair price is an social objectives. Hence Option C is correct.
Question : Case Study: ABC Retailers
ABC Retailers is a chain of stores specializing in fashion apparel. They have a hierarchical management structure with top management, middle-level management, and lower-level management. The company aims to provide a wide range of trendy clothing options and outstanding customer service.
Which objective of management focuses on achieving the financial goals of ABC Retailers?
Option 1: Economic objective
Option 2: Social objective
Option 3: Organizational objective
Option 4: Personal objective
Correct Answer: Economic objective
Solution : The correct answer is (a) Economic objective
The economic objective of management is primarily concerned with the financial performance and profitability of the organization. It involves managing resources and operations to ensure the company's economic well-being, which includes maximizing revenue, minimizing costs, and generating
Question : Case Study 71
LMN Enterprises is a startup aiming to raise funds for its expansion into international markets. The company's management is considering different methods of raising funds from the capital market.
Question :
If LMN Enterprises chooses to issue new shares to its existing shareholders, what is this method called?
Option 1: IPO (Initial Public Offering)
Option 2: Private Placement
Option 3: Rights Issue
Option 4: Follow-on Public Offering (FPO)
Correct Answer: Rights Issue
Solution : The correct answer is (c) Rights Issue
A rights issue involves a company issuing new shares to its existing shareholders. These existing shareholders are given the right to purchase additional shares in proportion to their existing ownership. This method allows the company to raise
Question : It will enable managers to learn from past mistakes and conserve time by solving recurring problems quickly. The given statement shows which significance of principle 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
Correct Answer: Providing managers with useful insights into reality.
Solution : Providing managers with useful insights into reality The principles of management improve knowledge ability and understanding of managers. They also provide timely guidance which help in increasing the efficiency of managers.
Hence, Option C is correct.
Question : Which of the following do not consist of top level management?
Option 1: President
Option 2: Vice president
Option 3: Chairman
Option 4: Production manager
Correct Answer: Production manager
Solution : Production manager is included in the middle level management.
Hence, Option D is correct.
Question : Case Study: ABC Retail Corporation adopts scientific management techniques to enhance productivity. Which technique focuses on measuring the time taken to complete a specific task?
Option 1: Method analysis
Option 2: Fatigue study
Option 3: Time study
Option 4: Motion study
Correct Answer: Time study
Solution : The correct answer is (c) Time study
Time study is a scientific management technique that focuses on measuring the time taken to complete a specific task. It involves analyzing and recording the time required by a skilled worker to perform a task using a
Question : Case Study 73
RST Inc. is a technology startup aiming to raise funds for its research and development projects. The company's management is considering the trading procedures on a stock exchange.
After a trade is executed, how long does it typically take for settlement to occur?
Option 1: 1 business day
Option 2: 3 business days
Option 3: 7 business days
Option 4: 10 business days
Correct Answer: 3 business days
Solution : The correct answer is (b) 3 business days
The typical time it takes for settlement to occur after a trade is executed on a stock exchange is 3 business days. This period is often referred to as "T+3," where "T" represents the trade
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