Management
Question : Case Study:
XYZ Pharmaceuticals believes in simplifying work processes to improve efficiency. Which technique of scientific management is being applied here?
Option 1: Motion Study
Option 2: Fatigue Study
Option 3: Standardization and Simplification of Work
Option 4: Time Study
Correct Answer: Standardization and Simplification of Work
Solution : The correct answer is (c) Standardization and Simplification of Work
Standardization and Simplification of Work technique involves standardizing processes and simplifying tasks to enhance efficiency and productivity. It aims to eliminate unnecessary steps, reduce complexity, and optimize the workflow. This directly
Question : Name the function of management which involves setting objectives and developing appropriate course of action to achieve these objectives.
Option 1: Directing
Option 2: Planning
Option 3: Organising
Option 4: Staffing
Correct Answer: Planning
Solution : Setting objectives and determining the appropriate course of action to achieve these objectives is what planning entails, so we can also define planning as setting objectives and targets and developing an action plan to achieve them. Hence, option 2 is the correct answer.
Question : Case Study: ABC Apparel Company believes in treating its employees fairly and providing them with appropriate compensation. This aligns with which principle of management?
Option 1: Initiative
Option 2: Remuneration of personnel
Option 3: Unity of direction
Option 4: Division of labor
Correct Answer: Remuneration of personnel
Solution : The correct answer is (b) Remuneration of personnel
The principle of "Remuneration of personnel" emphasizes fairly compensating employees for their efforts and contributions to the organization. It involves providing appropriate wages, salaries, bonuses, incentives, and other forms of compensation to employees, ensuring they
Question : They help the organisation to recruit technical professional and managerial personnel. Which external source of recruitment is highlighted in the given statement?
Option 1: Placement agencies and management consultants
Option 2: Labour contractors
Option 3: Advertising on television
Option 4: Web publishing
Correct Answer: Placement agencies and management consultants
Solution : Under this method services of placement agenesis and management consultants are used to undertake total functions of recruiting and selecting personal on behalf of various organisation. They help the organisations to recruit technical professional and managerial personnel.
Hence, option A is
Question : If actual labour costs within an acceptable range of deviation, then it can be ignored. However, If it deviates by 15% then it needs immediate attention of management. Above statement is a part of __________________________.
Option 1: Critical point control
Option 2: Management by exception
Option 3: Control by exception
Option 4: Both B and C
Correct Answer: Both B and C
Solution : After identifying the major deviation, the cause need to be analysed. It is necessary to identify the exact cause so that an appropriate corrective action can be taken. This falls under management by exception or controlled by exception. Hence Option D is
Question : Read the following statements of Assertion (A) and Reason(R) and choose the correct alternative: Assertion(A): Financial Management is imaginative function. Reason(R): Financial Management is one of the functional areas of management.
Option 1: Both A and R correct and R is the correct explanation of A.
Option 2: A is correct and R is wrong.
Option 3: A is wrong and R is correct
Option 4: Both A and R are correct but R is not the correct explanation of A.
Correct Answer: A is wrong and R is correct
Solution : Financial Management is concerned with management of flow of funds and involved decisions relating to procurement of funds, investment of funds in long term and short term assets and distribution of earnings to the owner.
Hence, option C is
Question : Planning is required in all types of organisation and at all levels of management. Identify the statement and choose the correct answer.
Option 1: Planning is futuristic
Option 2: Planning is pervasive
Option 3: Planning is mental process
Option 4: Planning focuses on achieveing objective
Correct Answer: Planning is pervasive
Solution : Planning is required at all levels of the management and in all types of organisations. It is not a function restricted to top level managers only but planning is done by managers at every level. Hence, option 2 is the correct answer.
Question : There are few words missing in the passage given below. The options given contain an answer that will fit in those given blanks. Choose the correct word to be used to make the sentence coherent and grammatically correct.
Cricket is not just considered a sport in India; it’s a passion, an emotion, and often 1) _________________ into a religion! But just like any other activity, the larger the scale, the greater is its ecological 2) _________________.
3) _________________ suggest that amount of water needed to maintain a cricket pitch – at roughly 20,000 litres per day – can serve the daily drinking water needs of around 2,600 people. So, this is one of the reason that the board that controls cricket in India and its most-popular league are looking at ways to 4) _________________ some environmental impacts related with the country’s most loved sport. One of the step taken in order to contribute for the same happened on May 9, 2022, when Rajasthan Royals joined hands with the energy management and automation firm Schneider Electric to host the first carbon-5) _________________ cricket match against Delhi Capitals on May 11.
Choose the correct word to be used in blank 5.
Option 1: neutral
Option 2: discourteous
Option 3: barbarous
Option 4: rouse
Correct Answer: neutral
Solution : The correct answer is neutral.
One of the step taken in order to contribute for the same happened on May 9, 2022, when Rajasthan Royals joined hands with the energy management and automation firm Schneider Electric to host the first carbon-neutral cricket match against
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 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.
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