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

Question : The change from competitiveness to cooperation between employees and management. Which process is being highlighted in the given statement?

Option 1: Method study

Option 2: Metal revolution

Option 3: Time study

Option 4: Motion study

Question : Instead of fighting for dividing the surplus or profit, management and workers should coo- perate to increase it. Which of the following principles of scientific management is being highlighted in the given statement?
 

Option 1: Cooperation not individualism
 

Option 2: Harmony not discord
 

Option 3: Science not rule of thumb
 

Option 4: None of the above

Question : Case Study: ABC Manufacturing implements scientific management techniques to standardize and optimize work processes. Which technique involves measuring the time taken to complete a specific task accurately?

Option 1: Fatigue study

Option 2: Time study

Option 3: Method analysis

Option 4: Motion study

Question : Which of the following statement is correct?
Statement 1- The aim of both Henry and Taylor principal is to secure maximum from available resources.
Statement 2- Taylor’s contribution is expressed as scientific management.
 

Option 1: Both are true 
 

Option 2: Both are false 
 

Option 3: Statement 1 is true and statement 2 is false.
 

Option 4: Statement 2 is true and statement 1 is false.
 

Question : The economic environment includes factors related to:
 

Option 1: Technological advancements

Option 2: Social attitudes and customs

Option 3: Government policies and regulations

Option 4: Overall economic conditions, such as GDP growth and inflation rates

Question : Ramesh, Ashmit, and Raj have made the decision to launch a toy manufacturing company. They determined the following primary tasks they must complete: I acquiring raw materials; (ii) acquiring machinery; (iii) producing toys; (iv) arranging for financing; (v) selling toys; (vi) determining the locations where they can sell their toys; and (vii) choosing personnel.
They believed that four managers should be selected to oversee production, finance, marketing, and personnel in order to make work more efficient. Identify the step(s) that were taken in the management function.

Option 1: Identifying and dividing the work into manageable activities

Option 2: Departmentalisation

Option 3: Assignment of duties to job positions

Option 4: All of the above

Question : Case Study 34

ABC Ltd. is a conglomerate planning to expand its operations. The company's management is considering the roles of SEBI in the financial market.

Question : 

Which of the following is not a function of SEBI?

Option 1: Regulatory functions
 

Option 2: Protective functions
 

Option 3: Allocation of resources

Option 4: Developmental functions

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 main objective of the directing function in XYZ Electronics Pvt. Ltd.?

Option 1: Allocating resources
 

Option 2: Setting organizational goals
 

Option 3: Guiding and supervising employees

Option 4: Evaluating performance