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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

Team Careers360 20th Jan, 2024

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

61 Views

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

 

Team Careers360 5th Jan, 2024

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.

12 Views

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

 

Team Careers360 16th Jan, 2024

Correct Answer: Production manager

 


Solution : Production manager is included in the middle level management.

Hence, Option D is correct.

15 Views

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

Team Careers360 11th Jan, 2024

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

3 Views

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.

Question : 

How does SEBI protect the rights of investors?

Option 1: By issuing new shares
 

Option 2: By regulating credit rating agencies
 

Option 3: By preventing fraudulent activities

 

Option 4: By setting interest rates

Team Careers360 3rd Jan, 2024

Correct Answer: By preventing fraudulent activities

 


Solution : The correct answer is (c) By preventing fraudulent activities

SEBI (Securities and Exchange Board of India) protects the rights of investors primarily by preventing fraudulent activities in the securities market. It regulates and supervises the securities market to ensure fair and transparent

7 Views

Question : They must be timely realistic and subject to measurement and evolution. Which significance of management is being discussed here?

Option 1: Providing managers with useful insights into reality
 

Option 2: Meeting changing environment requirements
 

Option 3: Effective administration
 

Option 4: Scientific decisions

Team Careers360 14th Jan, 2024

Correct Answer: Scientific decisions


Solution : Decisions based on management principles tend to be more realistic and free from personal bias. Principles of management has been developed after repeated experimentation.

Hence, Option D is correct.

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