Question : Which of the following is a characteristic of an effective control system?
Option 1: Being rigid and inflexible.
Option 2: Focusing only on financial aspects.
Option 3: Encouraging employee participation.
Option 4: Exclusively relying on external audits.
Correct Answer: Encouraging employee participation.
Solution : The correct answer is (c) Encouraging employee participation.
Employee participation is essential in an effective control system because it fosters engagement, ownership, and accountability among employees. When employees are involved in the control process, they are more likely to have a deeper understanding of the goals, standards, and expectations set by the organization. This understanding, combined with their active participation, can lead to increased commitment and motivation to achieve desired outcomes. By involving employees in the control system, organizations can tap into their knowledge, expertise, and unique perspectives. Employees on the front lines often have valuable insights and firsthand information about processes, challenges, and potential improvements. Their involvement allows for a more comprehensive and accurate assessment of performance, identification of issues, and formulation of solutions.
Question : A control system that relies on external audits is an example of:
Option 1: Bureaucratic control.
Option 2: Market control.
Option 3: Clan control.
Option 4: Centralized control.
Question : Which of the following is a characteristic of an effective performance appraisal system?
Option 1: Lack of objectivity
Option 2: Biased evaluation criteria
Option 3: Employee involvement
Option 4: Limited feedback to employees
Question : Which of the following is a characteristic of effective planning?
Option 1: Inflexibility
Option 2: Lack of employee involvement
Option 3: Short-term focus
Option 4: Alignment with organizational goals
Question : Transformational leadership involves:
Option 1: Focusing on individual tasks
Option 2: Inspiring and motivating followers
Option 3: Rigid control over subordinates
Option 4: Passive communication style
Question : ______ incentives are more effective in case of lower level employees and ______ incentives are more effective in case of higher level employees.
Option 1: Financial, non-financial
Option 2: Non-financial, financial
Option 3: Financial incentive is effective in both cases.
Option 4: Non-financial incentive is effective in both cases.
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