Materials Management
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.
ABC Retailers' management team believes in providing opportunities for employee growth and development. This reflects the management principle of:
Option 1: Scalar chain
Option 2: Centralization
Option 3: Equity
Option 4: Initiative
Correct Answer: Initiative
Solution : The correct answer is (d) Initiative
Initiative in management principles encourages employees to take the initiative, be proactive, and seek opportunities for growth and development. It involves empowering employees to take on new responsibilities, learn and develop new skills, and contribute to the organization's success
Question : Case Study:
ABC Pharmaceuticals believes in providing opportunities for skill development and growth for its employees. Which principle of scientific management is being exemplified here?
Option 1: Cooperation, not individualism
Option 2: Development of each person to their greatest efficiency
Option 3: Harmony, not discord
Option 4: Science, not the rule of thumb
Correct Answer: Development of each person to their greatest efficiency
Solution : The correct answer is (b) Development of each person to their greatest efficiency
Development of each person to their greatest efficiency principle emphasizes enhancing employee skills and capabilities to help them reach their maximum potential and efficiency. Providing
Question : Which function of the management involves finding the right people for the right job?
Option 1: Staffing
Option 2: Directing
Option 3: Planning
Option 4: Controlling
Question : Case Study 17:
ABC Ltd. is a retail company that has been facing challenges in meeting government regulations related to packaging and waste management.
Q:- What is the business environment factor affecting ABC Ltd. in this case?
Option 1: Economic environment
Option 2: Technological environment
Option 3: Government policies
Option 4: Social environment
Correct Answer: Government policies
Solution : The correct answer is (C) Government policies
The business environment factor affecting ABC Ltd. in this case is government policies. The challenges the company faces in meeting government regulations related to packaging and waste management are directly related to regulatory policies set by the
Question : Case Study 19:
EFG Manufacturing is a company that produces consumer goods. The management team at EFG wants to implement a robust control system to improve productivity and optimize resource utilization.
Question:
Which step in the controlling process involves identifying the causes of deviations at EFG Manufacturing?
Option 1: Setting performance standards.
Option 2: Measuring actual performance.
Option 3: Comparing actual performance with standards.
Option 4: Taking corrective action.
Correct Answer: Taking corrective action.
Solution : The correct answer is (d) Taking corrective action.
In the controlling process, taking corrective action involves identifying the causes of deviations from established performance standards and taking steps to address and rectify those deviations. It is the step where the management team at
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The management function of organizing in ABC Retailers involves:
Option 1: Guiding and motivating employees
Option 2: Setting performance standards
Option 3: Allocating resources and assigning tasks
Option 4: Monitoring employee performance
Correct Answer: Allocating resources and assigning tasks
Solution : The correct answer is (c) Allocating resources and assigning tasks
Organizing in management is the process of arranging resources (such as human resources, finances, and physical assets) and assigning tasks and responsibilities to achieve the organization's objectives efficiently and effectively. This
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 towards the achievement of the organization's objectives. It involves creating
Question : As the marketing manager of Z.ltd focuses on quick sales to hit the objective, the manufacturing manager of Z.ltd advises the salesperson to go slowly when selling the product. Which principle of management is being violated here?
Option 1: Unity of command
Option 2: Unity of direction
Option 3: Order
Option 4: Authority and responsibility
Correct Answer: Unity of command
Solution : According to the principal is the subordinate should receive orders and be accountable to one and only one superior. If a subordinate receives orders from more than one superior he will find it extremely difficult to decide as to whom he has to
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