Question :
Which of the following is an example of an economic environment?
Option 1: Money supply in economy
Option 2: Constitution of the country
Option 3: Life expectancy
Option 4: Population shifts
Correct Answer: Money supply in economy
Solution : The phrase "economic environment" refers to any external economic variables that impact enterprises' and consumers' purchasing decisions and, in turn, have an impact on a company's performance. Hence, money supply in the economy is an example of the economic environment.
Identify the correct sequence of the Selection process :
(A) Selection decision
(B). Employment interview
(C) Selection tests
(D) Reference checking
Choose the correct answer from the options given below:
Option 1: (A), (B), (C), (D)
Option 2: (A), (C), (B), (D)
Option 3: (B), (A), (D), (C)
Option 4: (C), (B), (D), (A)
Identify the correct sequence of the Controlling process :
(A) Analysing deviations
(B) Measurement of actual performance
(C) Setting up standards
(D) Comparison of actual performance with standards
Choose the correct answer from the options below:
Option 4: (C), (B), (D),(A)
Identify the correct sequence of steps under the Planning function :
(A) Setting objectives
(B) Identifying alternative courses of action
(C) Developing premises
(D) Evaluating alternative courses of action
Choose the correct answer from the options given; below :
Option 2: (A),(C),(B),(D)
Which of the following are advantages of the functional structure of an organisation?
(A) Leads to occupational specialisation.
(B) Places less emphasis on organisational objectives.
(C) Promotes coordination and control within a department.
(D) Increases operational efficiency.
Option 1: (A), (B) and (C) only
Option 2: (A) and (B) only
Option 3: (A), (C) and (D) only
Option 4: (C) and (D) only
Question : . Find the correct sequence of needs as given by Maslow in his Need Hierarchy Theory
(A) Belongingness needs
(B) Safety and Security needs
(C) Self-actualisation needs
(D) Esteem needs
Option 1: A),(B),(C),(D)
Option 3: (B),(A),(D),(C)
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