Materials Management
Question : Select the correctly spelt word.
Option 1: Apositte
Option 2: Apposite
Option 3: Aposire
Option 4: Aposite
Correct Answer: Apposite
Solution : The correct option is the second option.
Explanation: Apposite refers to something that is highly relevant, fitting, or apt for a particular situation or context. It describes the quality of being precisely suitable or appropriate for a given purpose or circumstance. An apposite comment, example,
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
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.
Question:
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
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
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
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
Choose the correct word to be used in blank 4.
Option 1: jeopardize
Option 2: publicize
Option 3: reverse
Option 4: generate
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.
Reverse is the only
Question : Case Study:
XYZ Logistics uses standardization and simplification of work to streamline its operations. Which technique of scientific management is being applied here?
Option 1: Time Study
Option 2: Fatigue Study
Option 3: Method Study
Option 4: Standardization and Simplification of Work
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
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
Question : Which of the following institutions is responsible for regulating and supervising the functioning of asset management companies in India?
Option 1: Securities and Exchange Board of India (SEBI)
Option 2: Reserve Bank of India (RBI)
Option 3: National Stock Exchange of India (NSE)
Option 4: None of the above
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
The Question containing Inaapropriate or Abusive Words
Question lacks the basic details making it difficult to answer
Topic Tagged to the Question are not relevant to Question
Question drives traffic to external sites for promotional or commercial purposes
The Question is not relevant to User
And never miss an important update