Materials Management
Question : Case Study: XYZ Electronics Pvt. Ltd.
XYZ Electronics Pvt. Ltd. is a growing company specializing in the manufacturing of electronic gadgets. The management believes in effective directing to ensure smooth operations. Consider the following scenario to answer the questions.
Question:
What is the primary responsibility of a supervisor at XYZ Electronics?
Option 1: Ignoring employee feedback
Option 2: Focusing solely on individual tasks
Option 3: Ensuring employee development and performance
Option 4: Implementing rigid control over decisions
Correct Answer: Ensuring employee development and performance
Solution : The correct answer is (c) Ensuring employee development and performance
Supervisors are responsible for overseeing the work of their team, providing guidance, support, and feedback to help employees develop their skills and perform their jobs effectively. This involves coaching, training, setting goals, conducting performance evaluations, and facilitating growth within the organization.
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 nature of management in ABC Retailers is best described as:
Option 1: Static and unchanging
Option 2: Rigid and inflexible
Option 3: Dynamic and adaptive
Option 4: Autonomous and independent
Correct Answer: Dynamic and adaptive
Solution : The correct answer is (c) Dynamic and adaptive
Management in modern organizations, such as ABC Retailers, is dynamic and adaptive because it needs to respond to changing market conditions, consumer preferences, technological advancements, and other external factors. In a rapidly evolving business environment, successful management involves the ability to adapt, make strategic adjustments, and be responsive to new challenges and opportunities. Rigid or static management approaches are often less effective in today's competitive and constantly changing markets.
Question : Case Study 9:
LMN Services is a service-based organization. The management team wants to implement control measures to improve employee performance and customer satisfaction.
Which step in the process of controlling involves setting specific performance targets for employees at LMN Services?
Option 1: Setting performance standards.
Option 2: Measuring actual performance.
Option 3: Comparing actual performance with standards.
Option 4: Evaluating employee performance.
Correct Answer: Setting performance standards.
Solution : The correct answer is (a) Setting performance standards.
The step in the process of controlling that involves setting specific performance targets for employees at LMN Services is "Setting performance standards." Performance standards define the expected level of performance for employees and provide clear benchmarks against which their actual performance can be measured. These standards help guide employees toward achieving desired outcomes and aligning their efforts with the organization's goals. Once performance standards are set, LMN Services can proceed with measuring actual performance, comparing it with the standards, and taking corrective actions as necessary to improve employee performance and customer satisfaction.
Dear Aspirant!
One of the well-regarded management colleges in Greater Noida is the Jaypee Institute of Information Technology (JIIT). It offers an MBA program known for its academic quality and industry relevance.
Jaypee Institute of Information Technology (JIIT):
Before making a decision, it's advisable to research other colleges as well, considering factors like faculty, infrastructure, industry connections, and placement records. Additionally, check the admission criteria and eligibility for the MBA program at the chosen institution.
One of the top management colleges in Greater Noida is the Jaypee Institute of Information Technology (JIIT).
While JIIT is a notable option, it's essential to consider personal preferences, admission criteria, and other colleges' offerings before making a decision. Researching multiple institutions will help ensure a well-informed choice based on individual needs and career goals.
Greetings!
Determining the "best" college for management in Delhi, Greater Noida, and Noida can depend on various factors such as accreditation, faculty, infrastructure, and placement records. In Delhi, the Indian Institute of Management (IIM) is highly regarded for its management programs, known for academic excellence and industry connections. In Greater Noida, the Jaypee Institute of Information Technology (JIIT) has a well-regarded management school, offering quality education and a good track record of placements.
For Noida, the Amity Business School is often considered one of the top choices for management education. Amity is known for its comprehensive curriculum, experienced faculty, and strong ties with industries, providing students with a well-rounded learning experience.
It's essential to research each college, considering factors like course structure, faculty expertise, industry exposure, and placement opportunities, to determine which one aligns best with your preferences and career goals. Visiting the campuses, attending informational sessions, and talking to current students can also provide valuable insights into the college culture and learning environment.
Question : Case Study 12:
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.
Which step in the controlling process involves identifying the causes of deviations at EFG Manufacturing?
Option 4: Taking corrective action.
Correct Answer: Taking corrective action.
Solution : The correct answer is (d) Taking corrective action.
In the controlling process at EFG Manufacturing, the step that involves identifying the causes of deviations is "Taking corrective action." When deviations between actual performance and established standards occur, it's important to investigate the underlying causes. This step helps the management team understand why the deviations happened and what factors contributed to them. Once the causes are identified, appropriate corrective actions can be taken to address the issues, bring performance back in line with the standards, and prevent similar deviations in the future.
Question : Case Study 3:
LMN Corporation is a multinational conglomerate with various business units. The company has a decentralized management structure and wants to ensure effective coordination among its units.
Which step in the process of controlling would LMN Corporation prioritize to achieve coordination?
Correct Answer: Comparing actual performance with standards.
Solution : The correct answer is (c) Comparing actual performance with standards.
Comparing actual performance with standards allows the company to identify any deviations or discrepancies between what was planned and what is actually happening. This step is essential for identifying areas where coordination may be lacking or where business units might be deviating from the overall strategic direction. By comparing the performance of different units against established standards, LMN Corporation can assess whether they are operating in alignment with the company's goals and make informed decisions to address any coordination issues that arise.
Question : Case Study: ABC Retail Corporation aims to improve efficiency by optimizing work methods and eliminating unnecessary actions. Which scientific management technique is appropriate for this purpose?
Option 1: Time study
Option 2: Motion study
Option 3: Method analysis
Option 4: Fatigue study
Correct Answer: Method analysis
Solution : The correct answer is (c) Method analysis
Method analysis, a scientific management technique, is appropriate for improving efficiency by optimizing work methods and eliminating unnecessary actions. It involves analyzing and breaking down a task into its constituent steps, studying each step, and identifying the most efficient way to perform the task. By optimizing the methods used to complete a task, ABC Retail Corporation can eliminate wasteful actions, streamline processes, and enhance overall efficiency in their operations.
Question : Lord William Bentinck with the support of Raja Ram Mohan Roy abolished the practice of _____.
Option 1: religion
Option 2: sati
Option 3: brahmacharya
Option 4: polyandry
Correct Answer: sati
Solution : The correct answer is sati.
Sati practice was abolished during the reign of Lord William Bentinck with the support of Raja Ram Mohan Roy. Lord William Bentinck became the first governor-general of India in 1833. Sati was banned by Lord William Bentinck in British Bengal in 1829 and later extended to Mumbai and Madras.
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