Management
Question : 'It leads to effective management as by relieving the employees from doing routine work, it provides them with time to excel in new areas.' Identify the concept.
Option 1: Decentralisation
Option 2: Authority
Option 3: Delegation
Option 4: None of the above
Correct Answer: Delegation
Solution : In the delegation process managers pass routine work to the subordinates. So they are free to concentrate on other important matters. The main job of manager is to get the work done effectively and effeciently from the suboridinates. Hence, option 3 is the correct answer.
Question : It has to identify necessary moments in doing a job. Which technique of scientific management is being highlighted in the given statement?
Option 1: Method study
Option 2: Time study
Option 3: Motion study
Option 4: Fatigue study
Correct Answer: Motion study
Solution : Motion study refers to making through analysis of various motions being performed by worker while he is doing a particular task. It helps to save time and increase the production.
Hence, option C is correct
Question : Assertion: Strategies are developed at the operational level of an organization.
Reason: Strategies are primarily formulated by top-level management.
Option 1:
Both assertion and reason are correct, and the reason is a correct explanation.
Option 2: Both assertion and reason are correct, and the reason is not correct explanation.
Option 3: Assertion is false, but the reason is correct.
Option 4: Assertion is correct, but the reason is false.
Correct Answer: Assertion is correct, but the reason is false.
Solution : The correct answer is: (d) Assertion is correct, but the reason is false.
The assertion that strategies are developed at the operational level of an organization is false. Strategies are typically formulated at the strategic or top-level management.
Question : Which of the following is NOT a component of the internal environment
Option 1: Employees
Option 2: Management style
Option 3: Suppliers
Option 4: Organizational culturen management processes.
Correct Answer: Suppliers
Solution : The correct answer is (C) Suppliers
The internal environment comprises factors that are within the organization's control and directly influence its operations, culture, and performance.
Suppliers, on the other hand, typically belong to the external environment, specifically the task or micro environment. Suppliers provide necessary
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.
Question :
What is the primary advantage of holding securities in a demat account?
Option 1: Higher dividend payouts
Option 2: Reduced risk of fraud
Option 3: Increased voting rights
Option 4: Lower income tax rates
Correct Answer: Reduced risk of fraud
Solution : The correct answer is (b) Reduced risk of fraud
The primary advantage of holding securities in a demat account is the "reduced risk of fraud." Demat accounts hold securities in an electronic, dematerialized form, eliminating the risks associated with holding physical share
Question : Identify the principle of management in the following case. Mr A has been fired because he has not talk to his superior regarding the conflicts with the customer but has directly reported it to the CEO of the company.
Option 1: Scaler chain
Option 2: Unity of direction
Option 3: Unity of command
Option 4: Discipline
Correct Answer: Scaler chain
Solution : Scalar chain is being highlighted in the above case. It involves that organisation should have a chain of authority and communication that runs from top to bottom and should be followed by the manager and subordinates. Hence Option A is correct.
Question : Case Study: XYZ Tech Solutions
XYZ Tech Solutions is a software development company known for its innovative products. The company is managed by three levels of management: top management, middle-level management, and lower-level management. XYZ Tech Solutions aims to be a market leader by providing cutting-edge technology solutions and excellent customer support.
XYZ Tech Solutions' management team emphasizes the importance of teamwork and collaboration among employees. This reflects the management principle of:
Option 1: Authority and responsibility
Option 3: Equity
Option 4: Team spirit
Correct Answer: Team spirit
Solution : The correct answer is (d) Team spirit
Team spirit in management principles emphasizes fostering a collaborative and cooperative work environment where employees work together as a team to achieve common goals. It promotes unity, mutual support, and synergy among team members. This principle encourages
Question : Statement 1: Decentralization enhances employee motivation and job satisfaction.
Statement 2: It allows decision-making authority to be concentrated at the top management level.
Option 1: Statement 1 is true, and Statement 2 is false.
Option 2: Statement 1 is false, and Statement 2 is true.
Option 3: Both Statement 1 and Statement 2 are true.
Option 4: Both Statement 1 and Statement 2 are false.
Correct Answer: Statement 1 is true, and Statement 2 is false.
Solution : The correct answer is (a) Statement 1 is true, and Statement 2 is false.
Statement 1is true. Decentralization involves delegating decision-making authority to lower levels of the organization, allowing employees to have more autonomy and involvement in
Question : ____________ function of management is concerned with both ends and means?
Option 1: Organising
Option 2: Staffing
Option 3: Planning
Option 4: Directing
Correct Answer: Planning
Solution : Planning involves setting objectives and deciding in advance the appropriate course of action to achieve these objective. Another important ingredient of planning is time. Plans are always developed for a fixed time period as no business can go on planning endlessly. So, Planning function of
Question : Which technique of scientific management aim at eliminating unnecessary diversity of products?
Option 2: Simplification of work
Correct Answer: Simplification of work
Solution : Simplification refers to eliminating unnecessary variety size in grades of the product manufactured by the organisation. It aim to eliminate unnecessary diversity of products.
Hence, option B is correct.
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