Correct Answer: Securities and Exchange Board of India
 

Solution : The correct answer is (a) Securities and Exchange Board of India

The full form of SEBI is Securities and Exchange Board of India. SEBI is the regulatory body in India that oversees and regulates the securities market, protecting the interests of investors and promoting the development and regulation of the securities market.

Correct Answer: Top management
   

Solution : The correct answer is (a) Top management

Top management, also known as senior management or executive management, is responsible for making strategic decisions, setting organizational goals, and formulating policies that guide the overall direction of the entire organization. They are at the highest level of the organizational hierarchy and have the most significant influence on the company's long-term success. Developing strategic plans and policies is a primary function of top management.

Correct Answer: Development of each person to their greatest efficiency

Solution : The correct answer is (c) Development of each person to their greatest efficiency

This principle emphasizes the importance of developing and maximizing the efficiency of each individual within the organization through training, education, and skill development. By investing in employees' growth and capabilities, the organization can achieve higher levels of productivity and efficiency, aligning with the core idea of scientific management.

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 top-level management is not typically responsible for day-to-day operations. Top-level management, which includes executives like CEOs and senior leaders, is more focused on setting organizational objectives, formulating policies, and making strategic decisions for the organization. Day-to-day operations are usually the responsibility of middle or lower-level managers. 

Statement 2 is true because setting organizational objectives and formulating policies is a primary role of top-level management in an organization.

Correct Answer: Directing

Solution : The correct answer is (c) Directing.

Directing is a key management function that involves guiding, motivating, leading, and overseeing employees to achieve organizational goals and objectives. It encompasses activities related to providing guidance and support to employees, promoting teamwork, enhancing skills, and facilitating their personal and professional growth. In this scenario, the supervisor is actively involved in directing employees to reach their fullest potential and succeed both personally and professionally. Planning involves setting objectives and determining how to achieve them, organizing involves arranging resources and tasks efficiently, and controlling involves monitoring and ensuring progress aligns with the plans—while all these functions are important, the described scenario best aligns with the directing function.

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Correct Answer: Development of each person to their greatest efficiency

Solution : The correct answer is (c) Development of each person to their greatest efficiency

Development of each person to their greatest efficiency principle focuses on enhancing employee skills and capabilities to help them reach their maximum potential and efficiency. Providing training and skill development opportunities aligns with this principle.

In summary, ABC Manufacturing providing training and skill development opportunities aligns with the principle of "Development of each person to their greatest efficiency," which emphasizes enhancing employee skills and capabilities to achieve their maximum potential and efficiency within the organization.

Correct Answer: Mental revolution

Solution :
Mental revolution in was a change in the attitude of workers and management towards one another from competition to coperation. What should realise that they require one another and both of them should aim to increase the profits.

Hence, Option C is correct.

Correct Answer: Placing an order

Solution : The correct answer is (d) Placing an order

The first step in the process of trading securities on a stock exchange is "placing an order." Investors initiate the trading process by placing orders to buy or sell securities at a specified price. Once the order is placed, it is then processed, matched with corresponding buy or sell orders, and eventually executed at the prevailing market price. After execution, the subsequent steps such as settlement, where the ownership and funds are transferred, take place.

Correct Answer: Misunderstandings and reduced productivity

Solution : The correct answer is (c) Misunderstandings and reduced productivity.

Effective communication is vital in any workplace, including XYZ Electronics. When a supervisor lacks proper communication skills, it can lead to misunderstandings among team members, confusion regarding tasks and objectives, and a decrease in overall productivity. Clear communication ensures that everyone is on the same page, understands their roles and responsibilities, and can work efficiently towards common goals. Effective communication is key to achieving coordination, motivation, and avoiding misunderstandings and reduced productivity.