Materials Management
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
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
Question : "This function of management is vital not only for effective teamwork among the employees but also for clarification of the scope of authority, accountability for results, and logical grouping of operations." Name the managerial function that was noted above.
Option 1: Planning
Option 2: Organising
Option 3: Directing
Option 4: Controlling
Correct Answer: Organising
Solution : Identifying and classifying various organisational activities falls within the management function of organising. In addition, it deals with assembling the material, financial, and people resources necessary and established to accomplish organisational goals. Hence, the correct option is 2.
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.
Which objective of management focuses on the well-being and job satisfaction of employees in ABC Retailers?
Option 1: Economic objective
Option 2: Social objective
Option 3: Organizational objective
Option 4: Personal objective
Correct Answer: Social objective
Solution : The correct answer is (b) Social objective
The social objective of management is concerned with creating a positive work environment, fostering employee well-being, and ensuring that employees are satisfied with their jobs. It encompasses aspects such as workplace safety, employee engagement, work-life balance, and
Question : Assertion: Scientific management principles aim to increase efficiency through job specialization.
Reason: It allows employees to focus on specific tasks, leading to expertise.
Option 1: Both assertions and reasons are correct, and the reason is the correct explanation of the assertion.
Option 2: Both are correct, but the reason is not the correct explanation.
Option 3: The assertion is correct, the reason is incorrect.
Option 4: The assertion is incorrect, the reason is correct.
Correct Answer: Both assertions and reasons are correct, and the reason is the correct explanation of the assertion.
Solution : The correct answer is (a) Both assertions and reasons are correct, and the reason is the correct explanation of the assertion.
The assertion that scientific management principles aim to increase
Question : Case Study 81
OPQ Ltd. is a technology startup planning to trade its shares on a stock exchange. The company's management is reviewing the protective functions of SEBI.
Question :
What is the main aim of SEBI's protective functions?
Option 1: Promoting economic growth
Option 2: Ensuring transparency
Option 3: Encouraging mergers
Option 4: Setting dividend rates
Correct Answer: Ensuring transparency
Solution : The correct answer is (b) Ensuring transparency
The main aim of SEBI's protective functions is to ensure transparency in the securities market. SEBI's protective functions are designed to safeguard the interests of investors and maintain the integrity and fairness of the market. By enforcing
Question : Case Study: ABC Educational Institute
ABC Educational Institute is a reputed school with a large student population. The management is planning to introduce a new curriculum to meet the changing educational needs. Question: The type of plan that ABC Educational Institute should develop to implement the new curriculum is:
Option 1: Tactical plan
Option 2: Strategic plan
Option 3: Contingency plan
Option 4: Operational plan
Correct Answer: Strategic plan
Solution : The correct answer is (b) Strategic plan
A strategic plan is most appropriate when an organization, in this case, a school like ABC Educational Institute, is making significant changes such as introducing a new curriculum. A strategic plan would involve setting long-term goals, outlining
Question : Assertion: Scientific management principles aim to optimize worker output.
Reason: It does not promotes standardization and specialization in tasks.
Correct Answer: The assertion is correct, the reason is incorrect.
Solution : The correct answer is (c) The assertion is correct, the reason is incorrect.
The assertion that scientific management principles aim to optimize worker output is correct. Scientific management principles, as advocated by Frederick Taylor, focus on optimizing productivity
Question : Case Study: XYZ Tech Solutions
XYZ Tech Solutions is a software development company known for its innovative products. The company is managed by three levels of management: top management, middle-level management, and lower-level management. XYZ Tech Solutions aims to be a market leader by providing cutting-edge technology solutions and excellent customer support.
Which level of management in XYZ Tech Solutions is responsible for ensuring the smooth execution of day-to-day operations?
Option 1: Top management
Option 2: Middle-level management
Option 3: Lower-level management
Option 4: -
Correct Answer: Lower-level management
Solution : The correct answer is (c) Lower-level management
Lower-level management, also known as first-line or front-line management, is directly responsible for overseeing and ensuring the smooth execution of day-to-day operations. They supervise employees, manage tasks, and ensure that operational processes run efficiently. Top management focuses
Question : Comprehension: Read the given passage and answer the questions that follow. Such examples of commercial success, of 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 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: Select the most appropriate synonym of the given word with reference to its usage in the passage. Asphyxiating
Option 1: Emancipating
Option 2: Liberating
Option 3: Smothering
Option 4: Unfettering
Correct Answer: Smothering
Solution : The correct choice is the third option.
"Asphyxiating" means to cause someone or something to suffocate or be deprived of air, resulting in a feeling of being unable to breathe. In the passage, it is used metaphorically to describe the feeling of being held
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