Correct Answer: Setting performance standards and measuring actual performance
 

Solution : The correct answer is (a) Setting performance standards and measuring actual performance

Controlling in management involves setting performance standards or benchmarks, measuring actual performance against these standards, and taking corrective actions as necessary to ensure that the organization's objectives are being met. It focuses on monitoring and regulating various activities and processes to maintain performance within established parameters. While guiding and motivating employees , allocating resources and assigning tasks , and monitoring and evaluating employee performance are important aspects of management, they are not the primary components of the controlling function.

Correct Answer: Goal setting.

Solution : The correct answer is (a) Goal setting.

ABC Pharmaceuticals is most likely to emphasize goal setting in the process of controlling. Goal setting is a crucial aspect of control as it involves defining specific objectives related to product quality and regulatory compliance. It allows the company to establish clear standards and expectations for quality and regulatory standards, which can then be monitored and controlled to ensure they are met. Employee training, workplace diversity, and external communication are important but are not as directly related to controlling the quality of products and regulatory compliance.

Correct Answer: Planning comes before controlling.

Solution : The correct answer is (b) Planning comes before controlling.

In the traditional management process, planning typically comes before controlling. Planning involves setting objectives, goals, and strategies, while controlling follows to monitor and ensure that actual performance aligns with the established plans. This sequential order allows organizations like ABC Pharmaceuticals to establish a clear direction and then use control mechanisms to measure and adjust their activities to meet their planned objectives.

Correct Answer: transcends

Solution : The correct answer is transcends.

Cricket is not just considered a sport in India; it’s a passion, an emotion, and often transcends into a religion!

Explanation:

Transcends is the only word that can be used in the blank to make the sentence make sense.
It means to surpass or rise above the bounds of.

Meaning of the rest of the words

Dissident-a person who opposes the official policy, especially that of an authoritarian state

Bestowed- confer or present (an honour, right, or gift).

Adjourn- break off (a meeting, legal case, or game) with the intention of resuming it later.

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 the management principles used in multinational companies can differ from those used in domestic companies. Multinational companies often have diverse operations, operate in various countries with different cultures and regulations, and face unique challenges related to international business. As a result, they may need to adapt their management principles to account for these differences.

Statement 2 is true because multinational companies often require different management principles due to their diverse operations and the need to manage effectively across various international markets and environments. The challenges and complexities associated with international operations can necessitate distinct management approaches.

Correct Answer: reverse
 

Solution : The correct answer is reverse.

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 reverse some environmental impacts related with the country’s most loved sport.

Explanation:

Reverse is the only word that can be used in the blank to make the sentence coherent.
It signifies going backward.

Meaning of the rest of the words

Jeopardize -Put (something or someone) in danger by placing them in a situation where there is a chance of harm, loss, or failure.

Publicize means to spread awareness of something.

Generate- to create

Correct Answer: Standardization and Simplification of Work

Solution : The correct answer is (d) Standardization and Simplification of Work

Standardization and Simplification of Work involves setting standardized procedures and simplifying work processes to make them more efficient and less prone to errors. In this scenario, XYZ Logistics is emphasizing standardization and simplification to streamline operations.

In summary, XYZ Logistics using standardization and simplification of work to streamline operations aligns with the technique of "Standardization and Simplification of Work," which involves setting standardized procedures and simplifying work processes to enhance efficiency and productivity.

Correct Answer: Standardization and Simplification of Work

Solution : The correct answer is (d) Standardization and Simplification of Work

Standardization and simplification of work are key principles of scientific management. Standardization involves establishing uniform processes, procedures, and performance expectations to ensure consistency and efficiency. Simplification involves reducing unnecessary complexity in work tasks, making processes more straightforward and manageable. These practices contribute to optimizing operations and enhancing overall efficiency within the organization.

Correct Answer: Securities and Exchange Board of India (SEBI)

Solution : The correct answer is (a) Securities and Exchange Board of India (SEBI).

SEBI is the primary regulator for all funds and asset management or advisory activities in India, in accordance with the SEBI Act, 1992 (SEBI Act). SEBI is responsible for regulating the functioning of asset management companies in India, including the following:

Licensing and registration of asset management companies

Setting and enforcing standards for asset management companies

Monitoring the activities of asset management companies

Ensuring the protection of investors' interests

The Reserve Bank of India (RBI) is responsible for regulating the banking sector in India. However, RBI does not have any specific regulatory role in the asset management sector.

Correct Answer: Esprit de corps

Solution : The correct answer is (c) Esprit de corps

Esprit de corps is a management principle that focuses on fostering team spirit, unity, and a sense of camaraderie among employees. It emphasizes creating a positive work environment where employees feel a sense of togetherness and are motivated to work towards common organizational goals.

In summary, ABC Pharmaceuticals advocating for unity and a sense of camaraderie among its employees aligns with the principle of "esprit de corps," as it emphasizes promoting team spirit, unity, and a positive work environment within the organization.