Materials Management
Question : Which level of management is responsible for making decisions about the day-to-day operations of the organization?
Option 1: Top-level management
Option 2: Middle-level management
Option 3: Lower-level management
Option 4: Operational management
Correct Answer: Operational management
Solution : The correct answer is (d) Operational management
Operational management is responsible for making decisions about the day-to-day operations of the organization. This level of management focuses on the implementation of plans and policies established by higher-level management. Operational managers oversee the operational activities, coordinate tasks, allocate resources, and make decisions that directly impact the daily operations of the organization. They are responsible for ensuring that the organization runs smoothly and efficiently on a day-to-day basis. Therefore, operational management is primarily responsible for making decisions about the day-to-day operations of the organization.
Question : Comprehension:
Read the given passage and answer the questions that follow.
Such examples of commercial success, innovation, drive, vision, determination, adaptability, and adventure are anchored in the basic Indian openness to, and talent for, acquiring material wealth. For every success story, there are, of course, dozens of failures. Traditional Indian firms have their strengths, but also their weaknesses, and of these perhaps the most debilitating are a lack of teamwork and a weakness for a quick profit. These reflect ingrained ways of thinking and planning, as does the distrust of anyone outside the family, which inhibits the adoption of modern practices of management. But such weaknesses are more than compensated for by the desire to succeed, which is probably more intense in India, given the omnipresent fear of poverty, the cut-throat competition for each opportunity, and the asphyxiating hold of hierarchy.
Question: What has the Indian talent for acquiring material wealth led to?
Option 1: Commercial success, stagnation, innovation
Option 2: Adaptability, quick profit, opportunity
Option 3: Commercial success, innovation, adaptability
Option 4: Determination, team work, adventure
Correct Answer: Commercial success, innovation, adaptability
Solution : The correct choice is the third option.
The first line of the passage mentioned explicitly some examples such as commercial success, innovation, adaptability, drive, vision, etc. that have led India to acquire material wealth, which makes the third option the appropriate choice for the question.
Greetings!
GTIM is connected with Shobhit University in Meerut, Uttar Pradesh, which holds recognition from the UGC (University Grants Commission). AICTE (All India Council for Technical Education) approval adds authenticity to an institute. Yet, it's crucial to weigh other factors mentioned earlier before deciding to apply for admission.
In the following passage, some words have been deleted. Read the passage carefully and select the most appropriate option to fill in each blank.
The world is undergoing rapid changes in the knowledge landscape. With various dramatic scientific and technological advances, such as the rise of big data, machine learning, and artificial intelligence, many unskilled jobs worldwide may be taken over by machines, while the need for a skilled workforce, particularly involving mathematics, computer science, and data science, in conjunction with multidisciplinary abilities across the sciences, social sciences, and humanities, (1)________ increasingly in greater demand. With climate change, increasing pollution, and depleting natural resources, there will be a sizeable shift in how we (2)_______ the world's energy, water, food, and sanitation needs, again resulting in the need for new skilled labour, particularly in biology, chemistry, physics, agriculture, climate science, and social science. The growing (3)________ of epidemics and pandemics will also (4)_______ collaborative research in infectious disease management and development of vaccines, and the resultant social issues heighten the need for multidisciplinary learning. There will be a growing (5)__________ for humanities and art as India moves towards becoming a developed country as well as among the three largest economies in the world.
Question:
Select the most appropriate option to fill in the blank number 1.
Option 1: is
Option 2: are
Option 3: will be
Option 4: should be
Correct Answer: will be
Solution : The third option is the correct choice.
The sentence discusses the future demand for a skilled workforce, particularly in fields like mathematics, computer science, and data science. The phrase, in conjunction with multidisciplinary abilities, suggests that these skills will be increasingly in demand in the future. So, will be appropriately convey the future nature of the demand for a skilled workforce in the given context.
Therefore, the complete sentence is: "...across the sciences, social sciences, and humanities, will be increasingly in greater demand."
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 controlling 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: Allocating resources and assigning tasks
Option 4: Monitoring and evaluating employee performance
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.
Question : Case Study 18:
ABC Pharmaceuticals is a company that manufactures and sells medicinal products. The management team at ABC is concerned about maintaining the quality of its products and ensuring compliance with regulatory standards.
Which feature of controlling is ABC Pharmaceuticals most likely to emphasize?
Option 1: Goal setting.
Option 2: Employee training.
Option 3: Workplace diversity.
Option 4: External communication.
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.
What is the relationship between planning and controlling at ABC Pharmaceuticals?
Option 1: Planning and controlling are unrelated.
Option 2: Planning comes before controlling.
Option 3: Controlling comes before planning.
Option 4: Planning and controlling are simultaneous processes.
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.
Question : There are few words missing in the passage given below. The options given contain an answer that will fit in those given blanks. Choose the correct word to be used to make the sentence coherent and grammatically correct.
Cricket is not just considered a sport in India; it’s a passion, an emotion, and often 1) _________________ into a religion! But just like any other activity, the larger the scale, the greater is its ecological 2) _________________.
3) _________________ suggest that amount of water needed to maintain a cricket pitch – at roughly 20,000 litres per day – can serve the daily drinking water needs of around 2,600 people. 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 4) _________________ some environmental impacts related with the country’s most loved sport. One of the step taken in order to contribute for the same happened on May 9, 2022, when Rajasthan Royals joined hands with the energy management and automation firm Schneider Electric to host the first carbon-5) _________________ cricket match against Delhi Capitals on May 11.
Choose the correct word to be used in blank 1.
Option 1: dissident
Option 2: bestows
Option 3: adjourn
Option 4: transcends
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.
Question : Statement 1: The management principles used in multinational companies are the same as those used in domestic companies.
Statement 2: Multinational companies require different management principles due to their diverse operations.
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 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.
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