Question : If actual labour costs within an acceptable range of deviation, then it can be ignored. However, If it deviates by 15% then it needs immediate attention of management. Above statement is a part of __________________________.
Option 1: Critical point control
Option 2: Management by exception
Option 3: Control by exception
Option 4: Both B and C
Correct Answer: Both B and C
Solution : After identifying the major deviation, the cause need to be analysed. It is necessary to identify the exact cause so that an appropriate corrective action can be taken. This falls under management by exception or controlled by exception. Hence Option D is correct.
Question : Control is exercised at all levels of management. It is required in both business and non-business organisations. Which feature of controlling is highlighted here?
Option 1: Goal oriented.
Option 2: Pervasive
Option 3: Continuous
Option 4: Backward looking.
Question : Which of the following features of management is highlighted in the below statement? It helps to achieve employees goals by influencing their behaviour.
Option 1: Management as internal feeling.
Option 2: Goal oriented behaviour
Option 3: Can be either positive or negative
Option 4: Complex process
Question : Which of the following is not a feature of strategy?
Option 1: It is formulated by middle level management due to its relative importance.
Option 2: It is dynamic in nature.
Option 3: It provides guidelines for thinking and action.
Option 4: It is formulated after considering internal and external environment.
Question : Why is management considered a multifaceted concept?
Option 1: It is a dynamic function
Option 2: It is a continuous process
Option 3: It is multi dimensional
Option 4: None of the above
Question : The detailed job requirements and qualities required to do it are publicised along with the profile of the organisation where vacancy exists. Which external source of recruitment is highlighted in the given statement?
Option 1: Placement agencies and management consultants
Option 2: Labour contractors
Option 3: Advertising on television
Option 4: Web publishing
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