Question : ------------------ is the fund, the use of which is restricted either by the management or by the donor for a specific purpose.
Option 1: Restricted Fund
Option 2: General fund
Option 3: Capital Fund
Option 4: None of the above
Correct Answer: Restricted Fund
Solution : Restricted Funds are the funds which have been constituted for some specific purpose. The use of such funds is restricted either by the management or by the donor for some specified purpose. Hence, the correct option is 1.
Question : The principles are in the nature of general guidelines but they are modified and as such help managers to meet changing requirements of the environment. Which significance of principal of management is discussed here?
Option 1: General guidelines
Option 2: Meeting changing environment requirements
Option 3: Scientific decisions
Question : Shivani the general manager of V-Mart performs the managerial functions of planning organising staffing directing and controlling as an ongoing process.Which management feature is highlighted by this?
Option 1: Management is a goal oriented
Option 2: Management is a dynamic function
Option 3: Management is continuous process
Option 4: Management is all pervasive
Question : Principles of management can be modified by the manager according to the situation. The given statement tell us about which nature of principles of management?
Option 1: Universal applicability
Option 2: General guidelines
Option 3: Contingent
Option 4: Flexible
Question : Rajesh is the purchaser manager of a company has to purchase 55 tones of raw material. He purchase the raw material from a firm owned by his relative at a rate more than the market price. Which principle of management is being violated in the given statement?
Option 1: Subordination of individual interest to general interest
Option 2: Scalar chain
Option 3: Order
Question : In bajaj industries the employees objectives were in direct contrast to organisational objectives. The employees ignore their own interest to give priority to organisations objectives. Which management principle is being highlighted in the given statement?
Option 1: Order
Option 2: Subordination of individual interest to general interest
Option 3: Equity
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