Management
Question : The "3 R's" in waste management stand for:
Option 1: Reduce, Recycle, Reuse
Option 2: Remove, Reclaim, Restore
Option 3: Recover, Resupply, Refill
Option 4: Replace, Refurbish, Repurpose
Correct Answer: Reduce, Recycle, Reuse
Solution : The correct answer is (A) Reduce, Recycle, Reuse
The "3 R's" in waste management stand for reduce, recycle, and reuse. These principles are aimed at minimizing waste generation, promoting the efficient use of resources, and reducing the environmental impact of waste.
Reduce: This
Question : Which of the following statement is correct for the management as a science?
Option 1: It has restricted entry.
Option 2: It has an ethical code of conduct.
Option 3: It has a systematised body of knowledge.
Option 4: All of the above
Correct Answer: It has a systematised body of knowledge.
Solution : Management, as a science, is based on a systematised body of knowledge that is based on cause and effective relationship. It has a systematised body of knowledge.
Hence, Option C is correct.
Question : Statement 1: The primary objective of management is to maximize profits.
Statement 2: The primary objective of management is to achieve organizational goals efficiently.
Option 1: Both statements are true
Option 2: Both are incorrect
Option 3: Statement 1 is true, and Statement 2 is false.
Option 4: Statement 1 is false, and Statement 2 is true.
Correct Answer: Statement 1 is false, and Statement 2 is true.
Solution : The correct answer is (d) Statement 1 is false, and Statement 2 is true.
Statement 1 is false because while profit maximization is an important goal for many businesses, it is not the primary objective of management
Question : If the contractor himself decides to leave the organisation all the workers employed through him will follow suit. Which external source of recruitment demerit 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: Labour contractors
Solution : Under labour contractors, if the contractor himself decides to leave the organisation all the workers employed through him will follow suit. This is a demerit.
Hence, option B is correct.
Question : Statement 1: A matrix organizational structure enhances cross-functional collaboration.
Statement 2: It involves a tall hierarchy with multiple layers of management.
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.
A matrix organizational structure is a hybrid structure that combines two or more other types of organizational structures, such as functional and project-based
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 :
What is the primary regulatory role of SEBI?
Option 1: Allocating resources to companies
Option 2: Facilitating trading on stock exchanges
Option 3: Protecting the rights of investors
Option 4: Providing loans to companies
Correct Answer: Protecting the rights of investors
Solution : The correct answer is (c) Protecting the rights of investors
The primary regulatory role of the Securities and Exchange Board of India (SEBI) is to protect the rights of investors. SEBI is the regulatory body for the securities market in India.
Question : Case Study 32
RST Enterprises is a conglomerate that wants to trade its shares on a stock exchange. The company's management is in the process of selecting a brokerage firm.
What role does the selected brokerage firm play in the trading process for RST Enterprises?
Option 1: Matching buy and sell orders
Option 2: Transferring ownership of shares
Option 3: Facilitating transactions
Option 4: Listing on stock exchange
Correct Answer: Facilitating transactions
Solution : The correct answer is (c) Facilitating transactions
The selected brokerage firm plays the role of facilitating transactions in the trading process for RST Enterprises. Brokerage firms act as intermediaries that facilitate the buying and selling of securities on behalf of their clients. They enable
Question : Which of the following statement is correct? Statement 1- Manpower planning belongs to staffing function of management. Statement 2- Division of activities and creation of organisational structure belongs to organising function of management.
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: Both are true
Solution : Manpower planning belongs to staffing function of management. Division of activities and creation of organisational structure belongs to organising function of management. Hence option A is correct .
Question : Case Study 75
ABC Corporation is a well-known company with its shares listed on a stock exchange. The company's management is reviewing the concept of dematerialization.
What is the primary advantage of dematerialization for investors?
Option 1: Lower brokerage fees
Option 2: Increased dividend payouts
Option 3: Enhanced voting rights
Option 4: Higher interest rates
Correct Answer: Lower brokerage fees
Solution : The correct answer is (a) Lower brokerage fees
The primary advantage of dematerialization for investors is lower brokerage fees. Dematerialization is the process of converting physical share certificates into electronic form, enabling shares to be held in demat accounts. With shares in dematerialized
Question : What is a major challenge faced by urban settlements in developing countries?
Option 1: Declining population
Option 2: Excessive aqricultural activities
Option 3: Insufficient waste management systems
Option 4: Abundance of natural resources
Correct Answer: Insufficient waste management systems
Solution : Correct Option: Option 3 Explanation: Urban settlements in developing countries often struggle with insufficient waste management systems, leading to pollution and health hazards. This challenge is exacerbated by rapid urbanization and limited resources for infrastructure development.
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