Principles and Practices of Management -2

Principles and Practices of Management - 6

Multiple Choice Multiple Answer
Question
The following are the elements of control
Correct Answer
authority and knowledge , guidance and direction , constraint and restraint
Your Answer
authority and knowledge , guidance and direction , constraint and restraint , comparison and corrective ness

Select The Blank
Question
A superior should always establish a ________ control so that his subordinates report to him periodically.
Correct Answer
Feedback
Your Answer
Feedback

Multiple Choice Single Answer
Question
Which type of strategies do professional managers help organizations in chalking out?
Correct Answer
corporate
Your Answer
multi-disciplinary

True/False
Question
Deontological ethics believe that mature persons have inadequate capacity to reason.
Correct Answer
False
Your Answer
True

True/False
Question
Management exists only at the top levels of the organization.
Correct Answer
False
Your Answer
False

Multiple Choice Multiple Answer
Question
Name the leading ad agencies in India that have a separate event section.
Correct Answer
Vigennet, Ogilvy, Mathers
Your Answer
Vigennet , Ogilvy , Mathers

Multiple Choice Single Answer
Question
What would be the percentage of equity participation under the rules governing foreign companies?
Correct Answer
0.26
Your Answer
0.26

Select The Blank
Question
Frederic W.Taylor's middle name is ________.
Correct Answer
Winslow
Your Answer
Winslow

Select The Blank
Question
________ means draw prior conclusions about the probables of production, sales, profits in the future, on the basis of research.
Correct Answer
Forecasting
Your Answer
Forecasting

Multiple Choice Multiple Answer
Question
Limitation of control are
Correct Answer
external factors , fixing of responsibility , variation and its causes
Your Answer
external factors , internal factors , fixing of responsibility

Multiple Choice Multiple Answer
Question
The various tools employed by the companies to improve and sustain employee morale
Correct Answer
building of responsibility , rotation of jobs , job enrichment
Your Answer
retention of authority , building of responsibility , rotation of jobs , job enrichment

Multiple Choice Multiple Answer
Question
International consultancy is said to be
Correct Answer
Glamorous , Challenging , Trendy
Your Answer
Glamorous , Trendy , Reliant

Select The Blank
Question
MBO was invented by ________.
Correct Answer
Peter Drucker
Your Answer
Peter Drucker

Match The Following
Question
Correct Answer
Your Answer
Potential external opportunitiesComplacency among rival firms
Complacency among rival firms
BPR
Business process reengineering
Business process reengineering
TQM
Total quality management
Total quality management
Potential internal strengths
A distinctive competence
A distinctive competence

Multiple Choice Single Answer
Question
Who said, “Management is the creation and maintenance of internal environment in an enterprise, where individuals working in groups can perform efficiently and effectively towards the attainment of gr
Correct Answer
Koontz & O ‘Donell
Your Answer
Koontz & O ‘Donell

Multiple Choice Multiple Answer
Question
Some of the management functions mentioned by Henry Fayol are :
Correct Answer
Planning , Control , Co-ordination
Your Answer
Planning , Control , Co-ordination
Multiple Choice Multiple Answer
Question
Few of the management principles given by Henry Fayol are:-
Correct Answer
Authority and responsibility , Division of work , Discipline
Your Answer
Division of work , Discipline , Authority and responsibility


True/False
Question
The unorganized sector is mainly concentrated in metropolitan cities.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer
Question
Some managements who are very much intimated by consulting firms, what are they likely to loose
Correct Answer
Confidence
Your Answer
Confidence

Select The Blank
Question
________ provide all types of help required to make the business more efficient and profitable.
Correct Answer
Consultants
Your Answer
Consultants

True/False
Question
Demand forecast is one of the popular forecasts.
Correct Answer
True
Your Answer
True

True/False
Question
Communication is a composite (a) information given and received (b) a listening effort by some of them involved.
Correct Answer
False
Your Answer
True

Multiple Choice Multiple Answer
Question
Some tips for improving written communication would be
Correct Answer
Avoid unnecessary words , Use simple words and phrases , Use short and familiar words
Your Answer
Avoid unnecessary words , Use simple words and phrases , Use short and familiar words

True/False
Question
The theory of Bureaucracy was first propounded by Henry L.Gantt.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer
Question
In which type of income class, does the insurance sector have to face the challenge of making insurance a buying priority?
Correct Answer
lower-middle
Your Answer
lower-middle

Multiple Choice Multiple Answer
Question
The different kinds of relationships for selecting the span of control would be :
Correct Answer
One to one , Cross relationship , Direct group
Your Answer
One to one , Cross relationship , Direct group

Multiple Choice Single Answer
Question
Management is said to be the combination of three factors, arts, science and the third is
Correct Answer
profession
Your Answer
profession

Multiple Choice Multiple Answer
Question
Functional authority works only when,
Correct Answer
Assignment is clarified , The subordinates are allowed to participate , Feedback control is established
Your Answer
Assignment is clarified , The subordinates are allowed to participate , Feedback control is established

Multiple Choice Single Answer
Question
The fundamental objective of corporate governance is essentially
Correct Answer
enhancement of long term shareholder value
Your Answer
protecting the interest of other shareholders

True/False
Question
Policy is supposed to be immutable, unchanging and eternal.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
A procedure has the following advantages
Correct Answer
ensures uniformity of action , increases co-ordination , provides good standard for the manage
Your Answer
ensures uniformity of action , increases co-ordination , provides good standard for the manage

True/False
Question
Management is always defined as dynamic, universal, ever-changing subject.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
Under principle of effective communication what should be fully understood by all concerned.
Correct Answer
tasks , policies , responsibilities
Your Answer
tasks , policies , responsibilities

Multiple Choice Single Answer
Question
One of the popular forecast is
Correct Answer
Demand
Your Answer
Demand

Match The Following
Question
Correct Answer
Your Answer
Kautilya
Conception of administration and management
Political, Social and Economic Management of state
Swami Vivekananda
Political, Social and Economic Management of state
Divine power to face challenges
Samartha Ramdas
Setting goals and accomplishing it.
Conception of administration and management
King Akbar
Creator of social progress and prosperity
Setting goals and accomplishing it.

Select The Blank
Question
Costliness of the ________ is the overriding factor determining the extent of decentralization.
Correct Answer
Decision
Your Answer
Staffing

Multiple Choice Single Answer
Question
What is essential for the management to get things done in the organization?
Correct Answer
Delegation
Your Answer
Delegation

True/False
Question
Indian companies because of confused status have lacked self-confidence.
Correct Answer
True
Your Answer
True

Select The Blank
Question
Charles Babbage built the first prototype of modern ________.
Correct Answer
Computers
Your Answer
Computers

Select The Blank
Question
Consultants must conduct diagnosis to redefine ________.
Correct Answer
Problem
Your Answer
Problem

True/False
Question
Lower level managers need EQ most.
Correct Answer
False
Your Answer
True

Multiple Choice Single Answer
Question
Companies seeking to improve have taken a plethora of initiatives such as
Correct Answer
TQM
Your Answer
TQM

Multiple Choice Multiple Answer
Question
Some of the limitations of business planning are
Correct Answer
Time Consuming , Expensive device , Heavy cost of planning
Your Answer
Time Consuming , Expensive device , Heavy cost of planning

Select The Blank
Question
Events are occurrences designed for ________ interests.
Correct Answer
marketing
Your Answer
marketing

Select The Blank
Question
Positive motivation makes people willing to do their work in the best way they can and improve their ________.
Correct Answer
performance
Your Answer
productivity

Multiple Choice Single Answer
Question
To which practice is the term "corporate governance" given?
Correct Answer
Management
Your Answer
Management

Select The Blank
Question
Under the types of motivators, non-financial motivators are encouragement, freedom ________.
Correct Answer
recognition
Your Answer
recognition

Thursday, June 5, 2008

Principles and Practices of Management - 5

LIST OF ATTEMPTED QUESTIONS AND ANSWERS



True/False
Question
Good motivation lead to low morale. High morale is the manifestation of a weak or defective motivating process.
Correct Answer
False
Your Answer
False

True/False
Question
Management exists only at the top levels of the organization.
Correct Answer
False
Your Answer
False

Select The Blank
Question
The ________ principle, which is the inherent process in organization through which authority, the antecedent co-coordinative principle, permeates the entire organized structure.
Correct Answer
Scalar
Your Answer
Scalar

Multiple Choice Single Answer
Question
Learning organizations must cope with challenge and :-
Correct Answer
Uncertainty
Your Answer
Uncertainty

Multiple Choice Single Answer
Question
How many event management companies are there in Pune?
Correct Answer
215
Your Answer
215

Multiple Choice Single Answer
Question
One of the internal environment factors that influences management is
Correct Answer
Place
Your Answer
Place

Multiple Choice Multiple Answer
Question
Human thoughts are classified as :-
Correct Answer
Inactive , Active , Transactive
Your Answer
Inactive , Active , Transactive

Multiple Choice Single Answer
Question
Which of the options mentioned below would be categorized as a Franchisee store?
Correct Answer
Footwear stores
Your Answer
Footwear stores

Multiple Choice Multiple Answer
Question
The process of forecasting is based on :-
Correct Answer
Future trends , Current analysis , Past performance
Your Answer
Future trends , Current analysis , Production trends forecasts

Multiple Choice Multiple Answer
Question
The characteristics of knowledge worker would be :-
Correct Answer
Egoistic , Right conscious
Your Answer
Humble , Duty conscious , Right conscious

Multiple Choice Multiple Answer
Question
Any morale improvement programme of management must embrace the following rules :-
Correct Answer
Encourage initiative , Respect individual , Be fair and just
Your Answer
Respect individual , Be fair and just , Encourage initiative

Multiple Choice Single Answer
Question
One of the external environment factors that influences Management is
Correct Answer
Legal
Your Answer
Legal

Multiple Choice Single Answer
Question
Management is
Correct Answer
Creative
Your Answer
Creative

Multiple Choice Single Answer
Question
Name the specialization where the economists consider necessary for efficiency in the use of labour :-
Correct Answer
Division of work
Your Answer
Division of work

True/False
Question
Decreased productivity is a cost of low IQ.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer
Question
Management is the combination of Arts, Science and
Correct Answer
Profession
Your Answer
Profession

Multiple Choice Single Answer
Question
Management is
Correct Answer
Multidisciplinary
Your Answer
Multidisciplinary

Multiple Choice Single Answer
Question
Name the department which plays a major role in developing a learning organization :-
Correct Answer
MIS
Your Answer
HRM

Select The Blank
Question
Objectives' is a wider term and ________ is part and parcel of it.
Correct Answer
Mission
Your Answer
Vision

True/False
Question
The non-executive directors on the board of the company should be 50%.
Correct Answer
True
Your Answer
False

Multiple Choice Multiple Answer
Question
Name the flagship companies under the Business family "Munjals" :-
Correct Answer
Hero Honda , Hero Cycles
Your Answer
Hero Honda , Hero Cycles

Match The Following
Question
Correct Answer
Your Answer
Knowledge based decision-making.
Instead of intuition
Instead of intuition
Professional managers may have only salary-stakeQuestion of accountability of Performance
Question of accountability of Performance
Management can be applied everywhere
Management is universal
Management is universal
Management is dynamic
Changes as per time
Changes as per time
Manager does not require any specific qualification
Anybody can become a manager
Anybody can become a manager

Multiple Choice Single Answer
Question
Who said, “Management is a multiple organ that manages a business, manages a manager and manages workers and work”?
Correct Answer
Peter Drucker
Your Answer
Peter Drucker

Multiple Choice Single Answer
Question
Who is the 'founder of Human Relation'?
Correct Answer
Elton Mayo
Your Answer
Elton Mayo

Multiple Choice Single Answer
Question
What should be included in the new governance charter?
Correct Answer
Qualified and independent audit committee
Your Answer
Rewards for corporate governance

Select The Blank
Question
Managers should be effective ________ so that they may influence the activities of subordinates without dissatisfying them.
Correct Answer
Leaders
Your Answer
Leaders

True/False
Question
Posture' and Observance' are not included under the 'yogic' exercises
Correct Answer
False
Your Answer
False

Select The Blank
Question
Management is a creative and ________ process.
Correct Answer
Continuous
Your Answer
Continuous

Select The Blank
Question
Charles Babbage built the first prototype of modern ________.
Correct Answer
Computers
Your Answer
Computers

Multiple Choice Multiple Answer
Question
The term 'span of control' is also referred to as:-
Correct Answer
Span of management , Span of supervision , Span of authority
Your Answer
Span of management , Span of supervision , Span of authority

Select The Blank
Question
________ is practiced like all other managerial functions at all levels of management.
Correct Answer
All level exercise
Your Answer
All level decision making

Multiple Choice Multiple Answer
Question
Every person has different ways and means of performing art, similarly, every individual has different styles of management and these are categorized as :-
Correct Answer
Democratic , Autocratic , Beaurocratic
Your Answer
Democratic , Autocratic , Beaurocratic

Multiple Choice Single Answer
Question
Who is the father of Intelligence Quotient ?
Correct Answer
Alfred Bennet
Your Answer
Alfred Bennet

Match The Following
Question
Correct Answer
Your Answer
Management requires learning
Art requires knowledge
Art requires knowledge
Science is developed
Over a period of time
Management is what management does
Management as a discipline
Has no centralized rule-making authority
That manages a business
Management is a multipurpose organThat manages a business
Has no centralized rule-making authority
Management is understood by performance
Management is what management does
Over a period of time

True/False
Question
Parting with authority means parting with friendship.
Correct Answer
False
Your Answer
False

True/False
Question
Indian companies because of confused status have lacked self-confidence.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
Research indicates that the limbic system learns best through :-
Correct Answer
Motivation , Extended practice , Feedback
Your Answer
Motivation , Feedback , Response

Multiple Choice Single Answer
Question
According to Abraham Maslow, human needs can be classified into how many types?
Correct Answer
Five
Your Answer
Five

Multiple Choice Single Answer
Question
Which of the options best describes the employment capacity of the retailing sector? It is the :-
Correct Answer
Second largest employer after agriculture
Your Answer
Largest employer of people in the country

Multiple Choice Single Answer
Question
In which type of income class, does the insurance sector have to face the challenge of making insurance a buying priority?
Correct Answer
Lower-middle
Your Answer
Lower-middle

Select The Blank
Question
________ organizations have systems, mechanisms and processes in place.
Correct Answer
Learning
Your Answer
Modern

Multiple Choice Single Answer
Question
Who said, “Management is the creation and maintenance of internal environment in an enterprise, where individuals working in groups can perform efficiently and effectively towards the attainment of gr
Correct Answer
Koontz & O ‘Donell
Your Answer
Koontz & O ‘Donell

Select The Blank
Question
The Indian consumer was shying away from larger formal stores and supermarket chains because of low/lack of ________.
Correct Answer
Per capita income
Your Answer
Per capita income

True/False
Question
Fear among managers is not a barrier to delegation of authority.
Correct Answer
False
Your Answer
False

True/False
Question
Focus on savings and high bargaining interests of the consumer is an obstacle in retail development in India.
Correct Answer
True
Your Answer
True

Select The Blank
Question
Henry Fayol finds ________ and responsibility to be related, with the latter arising from the former.
Correct Answer
Authority
Your Answer
Authority

Multiple Choice Multiple Answer
Question
The key management processes in the learning organizations would be :-
Correct Answer
Competitor analysis , Performance measurement , Capability planning
Your Answer
Competitor analysis , Performance measurement , Capability planning

Principles and Practices of Management - 4

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Multiple Choice Single Answer
Question
Who said, “Management is management of Men, Money, Machinery Materials and Information?”
Correct Answer
Anonymous
Your Answer
Anonymous

True/False
Question
Emotional distress shrinks working memory.
Correct Answer
True
Your Answer
True

Select The Blank
Question
A new sector has emerged in modern times, known as ________ management.
Correct Answer
Event
Your Answer
Event

Multiple Choice Multiple Answer
Question
A direct consequence of retailing has taken place due to the emergence of :-
Correct Answer
Apparel retailing stores , Pharmaceutical retailing stores , Books, Music and Lifestyle retailing stores
Your Answer
Apparel retailing stores , Pharmaceutical retailing stores , Books, Music and Lifestyle retailing stores

Multiple Choice Single Answer
Question
Where is the attack on business families coming from?
Correct Answer
Transnational
Your Answer
Transnational

Multiple Choice Multiple Answer
Question
What type of skills does management require?
Correct Answer
Conceptual , Human relations , Technical
Your Answer
Conceptual , Human relations , Technical

Multiple Choice Single Answer
Question
Management is
Correct Answer
Creative
Your Answer
Creative

Multiple Choice Multiple Answer
Question
Name the books on management written by Peter Drucker :-
Correct Answer
Frontiers of Management , The practice of management , Management, tasks, responsibility
Your Answer
Drucker on Asia , Frontiers of Management , Management, tasks, responsibility

True/False
Question
Actuary is one who specializes in the mathematics of insurance.
Correct Answer
True
Your Answer
False

Multiple Choice Single Answer
Question
Management is the combination of Arts, Science and
Correct Answer
Profession
Your Answer
Profession

True/False
Question
"Measuring Intellectual Capital" is one of the examples of performance measurement.
Correct Answer
True
Your Answer
False

Multiple Choice Single Answer
Question
One of the external environment factors that influences Management is
Correct Answer
Legal
Your Answer
Legal

Select The Blank
Question
Individuals are encouraged to develop ________, to speak out, to challenge actions.
Correct Answer
Ideas
Your Answer
Goals

Multiple Choice Single Answer
Question
What is the set-up of an organization?
Correct Answer
Relationships
Your Answer
Relationships

Select The Blank
Question
Morale is the term usually applied to armed forces during war time and athletics teams. It refers to team spirit and ________ of people for a common purpose.
Correct Answer
Togetherness
Your Answer
Togetherness

True/False
Question
The essence of control is that it is aimed at results and not necessarily at people as such.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
Services are defined as the art and science of managing :-
Correct Answer
The expectations of others , The experiences of people , The demands of the customer
Your Answer
The expectations of others , The demands of the customer , People and their resources

Multiple Choice Multiple Answer
Question
Virtuous acts include:-
Correct Answer
Honesty , Integrity , Tolerance
Your Answer
Honesty , Tolerance , Leadership

True/False
Question
International artists' performance in India is diminishing in recent times.
Correct Answer
False
Your Answer
False

True/False
Question
The service sector has not corporatised itself.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer
Question
Which segment of event management has the potential to gross the largest in India?
Correct Answer
Live entertainment
Your Answer
Talent bank

Match The Following
Question
Correct Answer
Your Answer
Management requires learning
Art requires knowledge
Has no centralized rule-making authority
Science is developed
Over a period of time
Art requires knowledge
Management as a discipline
Has no centralized rule-making authority
That manages a business
Management is a multipurpose organ
That manages a business
Management is what management does
Management is understood by performance
Management is what management does
Over a period of time

Multiple Choice Single Answer
Question
To become a successful consultant, name the skill required :-
Correct Answer
Negotiation
Your Answer
Experience

Multiple Choice Multiple Answer
Question
Advantages of SBU's are :-
Correct Answer
Quick response to environmental changes , Increased focus on products and market , Facilitating development of General Managers
Your Answer
Quick response to environmental changes , Increased focus on products and market , Facilitating development of General Managers

Match The Following
Question
Correct Answer
Your Answer
Zurich
Hero group
Hero group
ING Group
Vyasa Bank
Vyasa Bank
STANDARD LIFE
HDFC
HDFC
AMP
Sanmar
Sanmar

True/False
Question
According to Swami Vivekananda people have intuition or sacred power to face difficult task.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
The family owned businesses like Tata and Birla, also face major fears like :-
Correct Answer
Right successor , Stumbling self-confidence , Lack of professional management
Your Answer
Right successor , Stumbling self-confidence , Lack of professional management

Multiple Choice Multiple Answer
Question
In the various versus of Gita, there are many practical messages for which level of people in management?
Correct Answer
Leaders , Team leaders
Your Answer
Leaders

Multiple Choice Multiple Answer
Question
The potential external threats faced by an organization are :-
Correct Answer
Entry of low cost foreign players , Adverse demographic changes , Slower market growth
Your Answer
Entry of low cost foreign players , Adverse demographic changes , Faster market growth

Multiple Choice Single Answer
Question
How many rules govern Indian and Foreign insurance companies?
Correct Answer
12
Your Answer
12

Select The Blank
Question
Management as a discipline is the function of ________.
Correct Answer
Creativity
Your Answer
Creativity

Multiple Choice Single Answer
Question
What require a high level of optimism and persistence despite rejection?
Correct Answer
Self-Motivation
Your Answer
Self-Motivation

Select The Blank
Question
Henry Fayol was trained as a ________ engineer.
Correct Answer
Mining
Your Answer
Mining

Select The Blank
Question
________ is the result of human limitation to the span of management.
Correct Answer
Delegation
Your Answer
Organization

Select The Blank
Question
In management process, the most misinterpreted word is ________.
Correct Answer
Organizing
Your Answer
Planning

Select The Blank
Question
To enhance emotional intelligence, ________ must refocus their training to include the limbic system.
Correct Answer
Organisations
Your Answer
Organisations

True/False
Question
Taj Mahal are living symbols of 'creation and result of management practices'.
Correct Answer
True
Your Answer
False

True/False
Question
The strategic factor in social integration is the development and selection of leaders.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Who said, “Management is a multiple organ that manages a business, manages a manager and manages workers and work”?
Correct Answer
Peter Drucker
Your Answer
Peter Drucker

Multiple Choice Single Answer
Question
One of the internal environment factors that influences management is
Correct Answer
Place
Your Answer
Place

Multiple Choice Single Answer
Question
Who said, “Management is the creation and maintenance of internal environment in an enterprise, where individuals working in groups can perform efficiently and effectively towards the attainment of gr
Correct Answer
Koontz & O ‘Donell
Your Answer
Koontz & O ‘Donell

Select The Blank
Question
________ establishes, cause and effect relationship.
Correct Answer
Science
Your Answer
Science

Select The Blank
Question
Business ________ is the calculation of probable events to provide against future.
Correct Answer
Forecasting
Your Answer
Controlling

True/False
Question
The technique of control is associated with planning, as a part of scientific management.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
The major books on social and political analysis by Peter Drucker are :-
Correct Answer
The future of industrial man , The age of discontinuity , Drucker on Asia
Your Answer
The future of industrial man , The age of discontinuity , Drucker on Asia

Multiple Choice Multiple Answer
Question
Name the various characteristics of science :-
Correct Answer
Organized knowledge , Cause and effect relationship , Predictive power
Your Answer
Organized knowledge , Cause and effect relationship , Predictive power