Management
Question : Assertion: Scientific management principles focus on designing tasks and work procedures to minimize fatigue and maximize efficiency.
Reason: It considers the physical capabilities of employees while assigning tasks.
Option 1: Both assertions and reasons are correct, and the reason is the correct explanation of the assertion.
Option 2: Both are correct, but the reason is not the correct explanation.
Option 3: The assertion is correct, the reason is incorrect.
Option 4: The assertion is incorrect, the reason is correct.
Correct Answer: Both assertions and reasons are correct, and the reason is the correct explanation of the assertion.
Solution : The correct answer is (a) Both assertions and reasons are correct, and the reason is the correct explanation of the assertion.
The assertion is correct. Scientific management principles indeed emphasize
Question : Which of the following is a feature of scientific management?
Option 1: Emphasis on individual creativity
Option 2: Decentralized decision-making
Option 3: Continuous improvement approach
Option 4: Subjective performance evaluation
Correct Answer: Continuous improvement approach
Solution : The correct answer is (c) Continuous improvement approach.
Scientific management, developed by Frederick Winslow Taylor, is characterized by a continuous improvement approach. This approach focuses on analyzing work processes, identifying inefficiencies, and implementing changes to enhance productivity and efficiency continually. Scientific management aims
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.
The management function of leading in ABC Retailers involves:
Option 1: Setting performance standards and measuring actual performance
Option 2: Guiding and motivating employees to achieve organizational goals
Option 3: Monitoring and evaluating employee performance
Option 4: Assigning tasks and responsibilities to employees
Correct Answer: Guiding and motivating employees to achieve organizational goals
Solution : The correct answer is (b) Guiding and motivating employees to achieve organizational goals
Leading is the management function that focuses on inspiring, guiding, and motivating employees to work toward the achievement of the organization's objectives. It involves creating
Question : Case Study 30
LMN Corporation is a conglomerate that has executed trades on a stock exchange. The company's management is preparing for the settlement process.
Question :
During the settlement process, what is transferred from the seller to the buyer?
Option 1: Ownership of shares
Option 2: Brokerage fees
Option 3: Dividends
Option 4: Trading orders
Correct Answer: Ownership of shares
Solution : The correct answer is (a) Ownership of shares
During the settlement process, what is transferred from the seller to the buyer is ownership of shares. The seller transfers ownership of the shares to the buyer, and these shares are moved from the seller's
Question : Staffing function of management is concerned with __________________.
Option 1: Organising
Option 2: Planning
Option 3: Right man on right job
Option 4: None of the above
Correct Answer: Right man on right job
Solution : The key sucess of any organisation is right person at the right job position. Staffing function is concerned with bringing right and efficicent people in the organisation. Hence, option 3 is the correct answer.
Question : Case Study:
XYZ Productions uses differential piece wage system to motivate employees to produce more units. Which technique of scientific management is being applied here?
Option 1: Time Study
Option 2: Fatigue Study
Option 3: Motion Study
Option 4: Differential Piece Wage System
Correct Answer: Differential Piece Wage System
Solution : The correct answer is (d) Differential Piece Wage System
The differential piece wage system involves providing financial incentives to employees based on the number of units they produce. This system aims to motivate employees to produce more units by linking their earnings
Question : It increases the efficiency of workers by reducing fatigue and wasteful movments on a job. Which technique of scientific management is being highlighted in the given statement?
Option 1: Method study
Option 2: Motion study
Option 3: Time study
Correct Answer: Motion study
Solution : The purpose of motion studies to rect and eliminate unnecessary movement for motions and to find out the best method of doing a particular job. It has to save time and increases the production.
Hence, option B is correct.
Question : Employees turnover should be minimised to to maintain organisational efficiency. Which of the following principles of management is being highlighted in the given statement?
Option 1: Stability of personnel
Option 2: Initiative
Option 3: Esprit de cops
Option 4: Equity
Correct Answer: Stability of personnel
Solution : According to this principal there should be proper efforts to achieve stability and continuity of tenure of personnel. Henry fellow was of the view that employees should be selected in appointed after due and rigorous procedure. Selected they should be kept at the
Question : Which of the following are the features of Management as a science?
Option 1: Systematize body of knowledge
Option 2: Principles based on experimentation
Option 3: Universal validity
Option 4: All of the above
Correct Answer: All of the above
Solution : All three above mentioned are the features of Management as a science.
Hence, Option D is correct.
Solution : The correct answer is (d) Differential Piece Wage System.
Differential Piece Wage System involves paying employees based on the number of units they produce. It's an incentive-based system that motivates employees to increase their productivity to earn more. In this scenario, XYZ
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