Question : A manager should try to set standards and precise quantitative terms. Efforts should be made to define standards in a manner that makes the measurement easy. Which process of controlling is involved here?
Option 1: Setting performance standard
Option 2: Measurement of actual performance
Option 3: Comparison of actual performance with standard
Option 4: Analysing deviations
Correct Answer: Setting performance standard
Solution : Standard performance standards is being highlighted here. It involves both quantitative and qualitative standards. Hence Option A is correct.
Question : Which nature of management is highlighted in the following case? There is no restriction on any person being appointed as manager.
Option 1: Management as art
Option 2: Management as profession
Option 3: Management as science
Option 4: All of the above.
Question : Law of Demand is a: (a) Qualitative Statement (b) Quantitative Statement
Option 1: Only A
Option 2: Only B
Option 3: Both A and B
Option 4: None of the above
Question : What is a limitation of official records in studying rural history?
Option 1: Lack of quantitative data
Option 2: Bias towards urban areas
Option 3: Incomplete coverage of social aspects
Option 4: Overemphasis on agricultural statistics
Question : Which of the following is incorrect about the characteristics of management?
Option 1: The activities involved in managing enterprises are common to all organisations, whether economic, social or political.
Option 2: The manager motivates and leads his team in such a manner that individual members are able to achieve personal goals while contributing to the overall organisational objective.
Option 3: An organisation has a set of basic goals, which are the basis for its existence. They should be simple and clearly stated.
Option 4: None of the above.
Question : Case Study 5:
JKL Ltd. is a leading finance company that wants to revamp its staffing approach to enhance employee engagement and performance. Evaluate the following scenarios and choose the correct option: Question:
The HR manager at JKL Ltd. uses 360-degree feedback to assess employees' performance and gather input from multiple perspectives. What aspect of staffing is being reflected?
Option 1: Recruitment
Option 2: Selection
Option 3: Training and development
Option 4: Performance appraisal
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