Question : Statement 1: The management principles used in multinational companies are the same as those used in domestic companies.
Statement 2: Multinational companies require different management principles due to their diverse operations.
Option 1: Both statements are true
Option 2: Both are incorrect
Option 3: Statement 1 is true, and Statement 2 is false.
Option 4: Statement 1 is false, and Statement 2 is true.
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 the management principles used in multinational companies can differ from those used in domestic companies. Multinational companies often have diverse operations, operate in various countries with different cultures and regulations, and face unique challenges related to international business. As a result, they may need to adapt their management principles to account for these differences.
Statement 2 is true because multinational companies often require different management principles due to their diverse operations and the need to manage effectively across various international markets and environments. The challenges and complexities associated with international operations can necessitate distinct management approaches.
Question : Statement 1: Lower-level management is responsible for creating long-term strategic plans.
Statement 2: Lower-level management is responsible for overseeing day-to-day operations.
Question : Statement 1: Top-level management is responsible for day-to-day operations.
Statement 2: Top-level management is responsible for setting organizational objectives and formulating policies.
Question : Statement 1: The Foreign Exchange Regulation Act (FERA) was enacted to regulate foreign trade in India.
Statement 2: FERA was replaced by the Foreign Exchange Management Act (FEMA) in 1991.
Option 1: Both statements are true.
Option 2: Both statements are false.
Option 3: Statement 1 is true, and statement 2 is false.
Option 4: Statement 1 is false, and statement 2 is true.
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 : Which level of management is responsible for the day-to-day operations and supervising employees?
Option 1: Top-level management
Option 2: Middle-level management
Option 3: Lower-level management
Option 4: Operational management
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