Principles and Practices of Management -4

Principles and Practices of Management - 23

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

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
In addition to Place, Labor and Money which other internal environment
Factor influences Management?
Correct Answer
Machines
Your Answer
Machines

Multiple Choice Multiple Answer
Question
Name the physical aspects of an enterprise.
Correct Answer
Name , Location , Address
Your Answer
Name , Manpower , Address

Multiple Choice Single Answer
Question
What is it that in communication should not be done in vacuum, instead other
people should be consulted.
Correct Answer
planning
Your Answer
planning

Multiple Choice Multiple Answer
Question
Certain important motivational techniques are
Correct Answer
Monetary incentives , Job-based techniques , MBO techniques
Your Answer
Security technique , Monetary incentives , MBO techniques

Multiple Choice Multiple Answer
Question
The concept of SBU includes
Correct Answer
unrelated products and businesses that are separated , the fact that each
SBU has its own CEO , a scientific method of grouping the business
Your Answer
unrelated products and businesses that are separated , the fact that each
SBU has its own CEO , a scientific method of grouping the business

True/False
Question
Decision-making is a primary part of the managerial process.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Of which type of knowledge is science a body of?
Correct Answer
Organized
Your Answer
Assimilated

Multiple Choice Multiple Answer
Question
Types of degree of delegations are:
Correct Answer
Low degree , Moderate degree , High degree
Your Answer
Low degree , Moderate degree , High degree

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

True/False
Question
Learning organizations should imitate a task force.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Learning organizations must cope with challenge and
Correct Answer
uncertainty
Your Answer
uncertainty

Select The Blank
Question
LPG stands for liberalization, ________ and globalization.
Correct Answer
Privatization
Your Answer
Privatization

Match The Following
Question
Correct Answer
Your Answer

Empathy
It is a component of leadership due to the rapid pace of globalisation
It is a component of leadership due to the rapid pace of globalisation

Social effectiveness
This component allows you to settle disputes amicably
This component allows you to settle disputes amicably

Alfred Bennet
He is the father of intelligence quotient
He is the father of intelligence quotient

Daniel Goleman
He is an American Behavioural Scientist
He is an American Behavioural Scientist

Multiple Choice Multiple Answer
Question

Every company undertakes the process of forecasting by various competent
authorities which can be listed as
Correct Answer
CII , RBI , CMIE
Your Answer
CII , RBI , CMIE

Multiple Choice Single Answer
Question
Management is not just a
Correct Answer
Process
Your Answer
Process

Select The Blank
Question
The concept of value and the concept of maximization of value are related
to________concept of Ethics.
Correct Answer
Consequentialism
Your Answer
Consequentialism

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

Multiple Choice Single Answer
Question
Management is purposeful and what?
Correct Answer
Goal oriented
Your Answer
Goal oriented

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

Select The Blank
Question
General Insurance corporation was nationalized in________.
Correct Answer
1972
Your Answer
1972

True/False
Question
Planning and control are closely interrelated and they do not determine the
accuracy of decision-making.
Correct Answer
False
Your Answer
False

True/False
Question
There are three central ideas associated with consequentialism.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer
Question
Name one of the factors that govern the span of management.
Correct Answer
Type of work
Your Answer
Type of work

Multiple Choice Multiple Answer
Question
Retailing categories based on ownership arrangement would be
Correct Answer
Super Markets , Consumer Durables Stores , Departmental Stores
Your Answer
Super Markets , Consumer Durables Stores , Departmental Stores

Multiple Choice Single Answer
Question
Science is a body of which type of Knowledge?
Correct Answer
Organized
Your Answer
Assimilated

True/False
Question
Peter Drucker various publications have sold about 5 -6 million copies
worldwide.
Correct Answer
True
Your Answer
True

Select The Blank
Question
Latest approach signifies organization has a part of ________ system.
Correct Answer
Social
Your Answer
Social

Select The Blank
Question
Necessity of control in business organisation arises due to number of
factors, one of which is ________ of organisations themselves.
Correct Answer
complexity
Your Answer
complexity

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
second largest employer after agriculture
Select The Blank
Question
________organizations have systems, mechanisms and processes in place.
Correct Answer
Learning
Your Answer
Learning

True/False
Question
Indian business families are still avoiding joint ventures and tie-ups.
Correct Answer
False
Your Answer
False

Select The Blank
Question
Under the principles of effective delegation, it is said that never delegate
and ________.
Correct Answer
Disappear
Your Answer
Disappear

True/False
Question
In principle the chairman and the CGO have the same role to play.
Correct Answer
False
Your Answer
True

True/False
Question
Valency is the extent to which the outcome of the activity and its success
matters to the individual . (Level of motivation = Valency x Expectancy)
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
Advantages of delegation of authority would be:
Correct Answer
Prompt decision making , Opportunity to subordinates to grow and develop ,
Satisfaction to subordinates in terms of recognition
Your Answer
Prompt decision making , Opportunity to subordinates to grow and develop ,
Satisfaction to subordinates in terms of recognition

Multiple Choice Single Answer
Question
A business unit must meet specific criteria, if it wants to be called an
SBU. These are
Correct Answer
Definable group of competitors
Your Answer
Definable group of competitors

Multiple Choice Single Answer
Question
What does Maslow propound about the five needs ?
Correct Answer
Hierarchy
Your Answer
Hierarchy

Multiple Choice Single Answer
Question
Name the technique which is said to be a ploy or a future course of action.
Correct Answer
Strategy
Your Answer
Strategy

Select The Blank
Question
________ is the ability to sense, understand and effectively apply emotion.
Correct Answer
Emotional Intelligence
Your Answer
Emotional Quotient

Multiple Choice Single Answer
Question
Who built the first practical mechanical calculator and predicted the
specialization of mental work?
Correct Answer
Charles Babbage
Your Answer
Charles Babbage

Match The Following
Question
Correct Answer
Your Answer

Management and Leadership studies
Value based management
Swami Budhananda

Maharshi Institute of Management
Eighteen centres in India and Abroad
Eighteen centres in India and Abroad

Amritanandamayi Math's centre
Dr. S.K. Chakraborty
Value based management

Indian Vedanta Philosophy
Swami Budhananda
Dr. S.K. Chakraborty

Multiple Choice Multiple Answer
Question
Some of the public insurance companies are
Correct Answer
LIC , Oriental Insurance , General Insurance
Your Answer
LIC , Oriental Insurance , General Insurance

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
Brands are associated with lifestyles and people's________.
Correct Answer
aspirations
Your Answer
aspirations

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

at 4:39 AM 0 comments Links to this post  

Labels: Principles and Practices of Management (Set VIII)

Principles and Practices of Management - 22

 LIST OF ATTEMPTED QUESTIONS AND ANSWERS

 Multiple Choice Multiple Answer
  Question 
The external environmental factors that influence management are
  Correct Answer 
Economic , Political , Technological
  Your Answer 
Economic , Political , Technological

 True/False
  Question 
Event management has to pay only entertainment tax not the service tax.
  Correct Answer 
False
  Your Answer 
False

 Multiple Choice Single Answer
  Question 
Name the service which has two prime necessities like co-ordination and
infiltration.
  Correct Answer 
Staff
  Your Answer 
Staff

 Select The Blank
  Question 
________ decisions relate to the day to day operations of the enterprise
generally taken by middle and lower level management.
  Correct Answer 
Operative
  Your Answer 
Organisational

 Multiple Choice Single Answer
  Question 
Successful consultants should promote their consultancy through what ?
  Correct Answer 
Network
  Your Answer 
Network

 True/False
  Question 
Decision-Making is a process of making a choice of poor alternatives.
  Correct Answer 
False
  Your Answer 
False

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

 Multiple Choice Single Answer
  Question 
Profession requires definite period of what?
  Correct Answer 
Learning
  Your Answer 
Practice

 Multiple Choice Multiple Answer
  Question 
Barriers to delegation of authority would be :
  Correct Answer 
Lack of trust in subordinates , Fear of loosing status by managers ,
Over-confidence among managers
  Your Answer 
Lack of trust in subordinates , Prompt decision making , Over-confidence
among managers

 Multiple Choice Single Answer
  Question 
Organization is apart of which type of system?
  Correct Answer 
Social
  Your Answer 
Scientific

 Multiple Choice Multiple Answer
  Question 
David C Mc Celland identified three motives those are
  Correct Answer 
Affiliation , Power , Achievement
  Your Answer 
Affiliation , Power , Achievement

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

 Select The Blank
  Question 
Failure to give ________ to goal setters is a weakness of MBO.
  Correct Answer 
guidelines
  Your Answer 
guidelines

 True/False
  Question 
Management is the combination of Arts,Science and Profession.
  Correct Answer 
True
  Your Answer 
True

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

 Multiple Choice Single Answer
  Question 
Who said, the heart of administration is the directing function.
  Correct Answer 
Dimock
  Your Answer 
Dimock

 True/False
  Question 
Management is that important process which continues till the objectives set
by the administrator are actually achieved.
  Correct Answer 
True
  Your Answer 
False

 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 
A vision statement should have the following components
  Correct Answer 
ability to inspire people , achievable , precise and objective
  Your Answer 
ability to inspire people , achievable , precise and objective

 Multiple Choice Single Answer
  Question 
One of the key features of services is that they are
  Correct Answer 
intangible
  Your Answer 
non-perishable

 Select The Blank
  Question 
The process of control is complete only when the organisation take ________
action.
  Correct Answer 
corrective
  Your Answer 
effective

 Multiple Choice Multiple Answer
  Question 
The factors coming under philosophy of scientific management are:
  Correct Answer 
Co-operation , Maximum output , Harmony
  Your Answer 
Co-operation , Maximum output , Harmony

 Multiple Choice Single Answer
  Question 
Who is the most effective person are alike in one crucial way, they all have
a high degree of emotional intelligence.
  Correct Answer 
Entrepreneur
  Your Answer 
Entrepreneur

 Multiple Choice Multiple Answer
  Question 
The activities of the communicator while communicating a message will
include,
  Correct Answer 
ideation , encoding , transmission
  Your Answer 
encoding , response , transmission

 Multiple Choice Multiple Answer
  Question 
Features of Management are as follows
  Correct Answer 
goal oriented , universal , continuous process
  Your Answer 
goal oriented , universal , continuous process

 Multiple Choice Single Answer
  Question 
Professional managers help organizations in chalking out which type of
strategies?
  Correct Answer 
Corporate
  Your Answer 
Corporate

 Select The Blank
  Question 
________provides a corporate responsibility and it is the application of a
proven and systematic body of knowledge.
  Correct Answer 
Profession
  Your Answer 
Management

 True/False
  Question 
Management as a discipline needs certificate of practice.
  Correct Answer 
False
  Your Answer 
False

 Multiple Choice Multiple Answer
  Question 
For most hi-tech service industries the major components are
  Correct Answer 
Infrastructure , Knowledge , labour
  Your Answer 
Infrastructure , Knowledge , Information technology

 Match The Following
Question
Correct Answer
Your Answer

Management
Creative
Dynamic

Professional Manager
Dynamic
Profession

Art
Skill
Science

Code of Conduct
Profession
Creative

Predictive Power
Science
Skill

 True/False
  Question 
Science is a body of organized knowledge
  Correct Answer 
True
  Your Answer 
True

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

 Multiple Choice Single Answer
  Question 
It is said that communication is a meaningful
  Correct Answer 
interaction
  Your Answer 
interaction

 Multiple Choice Single Answer
  Question 
What does the insurance company compensate for if and when the event insured
against an incident occurs?
  Correct Answer 
Losses
  Your Answer 
Losses

 Multiple Choice Single Answer
  Question 
Management exists at which levels of the organization?
  Correct Answer 
All
  Your Answer 
All

 True/False
  Question 
The Indian consumer does not see shopping as an end in itself.
  Correct Answer 
False
  Your Answer 
True

 True/False
  Question 
Retailers cannot just take their global retailing formats and try to
transpose them onto the India scenario.
  Correct Answer 
True
  Your Answer 
True

 Multiple Choice Single Answer
  Question 
One of the factors which learning organizations possess is a climate of
openness and the other factor is
  Correct Answer 
trust
  Your Answer 
trust

 Multiple Choice Single Answer
  Question 
It is one of the good control system which not only points out the
deviations but also pinpoints them where they are important to its
operations is
  Correct Answer 
Focus on strategic points
  Your Answer 
Focus on strategic points

 True/False
  Question 
Profession needs certificate of practice
  Correct Answer 
True
  Your Answer 
False

 True/False
  Question 
'Span of control' is also referred to as span of management.
  Correct Answer 
True
  Your Answer 
True

 True/False
  Question 
Learning from mistakes is often more powerful than learning from success.
  Correct Answer 
True
  Your Answer 
True

 Multiple Choice Single Answer
  Question 
The philosophy of Vedanta is compared to which animal in the dream of the
person, who wakes the dreamer and makes you realise your self discovered
reality.
  Correct Answer 
Lion
  Your Answer 
Lion

 Select The Blank
  Question 
The statement "We sell for Less" is deliberately ambiguous, it raises the
question; 'Less than what', this is called as, ________ to communication.
  Correct Answer 
Semantic barrier
  Your Answer 
Semantic barrier

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

 Match The Following
Question
Correct Answer
Your Answer

Making sense of situations
organizing information and thoughts
organizing information and thoughts

Creativity
brainstorming, associating ideas
embedding new knowledge into mental models

Inquiry
interviewing, seeking information
interviewing, seeking information

Making choices
deciding courses of actions
deciding courses of actions

 Select The Blank
  Question 
Learning from mistakes is often more powerful than learning from________.
  Correct Answer 
Success
  Your Answer 
Success

Principles and Practices of Management -3

                         Principles and Practices of Management


Multiple Choice Multiple Answer
Question
The products that are grouped under SBU share a common
Correct Answer
underlying technology , market , skill
Your Answer
market , skill

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

True/False
Question
Strong corporate governance is indispensable to resilient and vibrant capital markets.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
The service may or may not be tied to which type of good?
Correct Answer
Physical
Your Answer
Intangible

Select The Blank
Question
Organization is like an ________ influenced by ________-building process.
Correct Answer
individual
Your Answer
image
Correct Answer
image
Your Answer
Systemic

Select The Blank
Question
50.The last few years have shown a ________ of film ________ shows.
Correct Answer
opportunities
Your Answer
Recurrence
Correct Answer
celebrity
Your Answer
celebrity

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

True/False
Question
Product differentiation is not a barrier to entry.
Correct Answer
False
Your Answer
True

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

Select The Blank
Question
There has been an increased ________ on ________.
Correct Answer
reliance
Your Answer
Emphasis
Correct Answer
consultants
Your Answer
reliance

Multiple Choice Multiple Answer
Question
The different A’s of the service sector are
Correct Answer
acceptability , awareness , availability
Your Answer
acceptability , awareness , availability

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

Select The Blank
Question
In the Needs- satisfaction chain, every ________ is a ________
Correct Answer
step
Your Answer
step
Correct Answer
Motivator
Your Answer
Motivator

Multiple Choice Single Answer
Question
Organization is a set-up of what?
Correct Answer
Relationships
Your Answer
Relationships

Match The Following
Question
Correct Answer
Your Answer
Problem Perception
Bounded Rationality
Weaknesses
BenefitsWeaknesses
Bounded Rationality
Takeover
Turnaround
Turnaround
Budgets
Strategies
Rules
Policies
Rules
Strategies

Multiple Choice Multiple Answer
Question
Business families have adapted themselves to the new realities such as
Correct Answer
customer relationship management , reliable after sales service , new product launch
Your Answer
customer relationship management , reliable after sales service , new product launch

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

Multiple Choice Multiple Answer
Question
The Indian customers has been shying away from large stores and supermarket chains due to
Correct Answer
poverty and low literacy rates , expensive supply chains , low per capita income , low taxes
Your Answer
poverty and low literacy rates , low per capita income

True/False
Question
India never had its own management practice.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer
Question
The need for co-ordination is created when managers do what to specialized activities?
Correct Answer
Divide
Your Answer
Distribute

Select The Blank
Question
Self-motivation requires a ________ level of ________.
Correct Answer
High
Your Answer
High
Correct Answer
optimism
Your Answer
optimism

Multiple Choice Multiple Answer
Question
The bureaucratic type of leadership is normally criticized for
Correct Answer
nepotism , delays
Your Answer
nepotism , autocratic

Multiple Choice Multiple Answer
Question
The various problems faced by event management industries are
Correct Answer
entertainment tax rates , large no. of permissions required , service taxes
Your Answer
entertainment tax rates , large no. of permissions required , service taxes

True/False
Question
Indian business families have focused more on their areas of core competence.
Correct Answer
False
Your Answer
False

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
Harold Konntz

Select The Blank
Question
Henry P. Towne outlined the Importance of ________ as a ________
Correct Answer
management
Your Answer
management
Correct Answer
science
Your Answer
science

Multiple Choice Multiple Answer
Question
Components of planning would include
Correct Answer
objectives , budgets , procedures
Your Answer
objectives , procedures , people

Multiple Choice Single Answer
Question
Management is not just a
Correct Answer
Process
Your Answer
Process

Multiple Choice Single Answer
Question
According to Sehznick, “ the major task of a leader is not only to make a policy, but to build it into organization’s what?”
Correct Answer
Corporate Culture
Your Answer
Corporate Culture

True/False
Question
Direction is also done by top and middle level managers.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
What does the insurance company compensate, when an event insured against occurs?
Correct Answer
Losses
Your Answer
Losses

Multiple Choice Single Answer
Question
Who is the Father of Competitive Strategy?
Correct Answer
Michael E. Porter
Your Answer
Peter F. Drucker

True/False
Question
Greater co-ordination is not needed in sequential rather than pooled interdependence.
Correct Answer
False
Your Answer
False

Select The Blank
Question
________ is telling ________ what to do.
Correct Answer
Direction
Your Answer
Direction
Correct Answer
people
Your Answer
Subordinates

Match The Following
Question
Correct Answer
Your Answer
The process of control is complete
only when corrective action is taken.
via information collected.
Control highlights omissions if any.
And makes it possible to take Corrective measures.
And makes it possible to take Corrective measures.
Control is related to the future.
though it lives in the present.
of the nature of corrective action to be taken.
Changes can be anticipated
via information collected.
though it lives in the present.
Control gives the correct picture
of the nature of corrective action to be taken.
only when corrective action is taken.

True/False
Question
Organisational morale is basically the individual mental condition.
Correct Answer
False
Your Answer
False

Multiple Choice Multiple Answer
Question
Features of Management are as follows
Correct Answer
goal oriented , universal , continuous process
Your Answer
goal oriented , universal , continuous process

Select The Blank
Question
________ is a systematic and knowledge of ________ and living.
Correct Answer
Vedanta
Your Answer
Vedanta
Correct Answer
Life
Your Answer
Life

Multiple Choice Single Answer
Question
Who propounded theory X and theory Y?
Correct Answer
McGregor
Your Answer
Henry Fayol

Multiple Choice Multiple Answer
Question
Service sector has expanded relentlessly in the past decade due to related events in the 1990’s
Correct Answer
explosion of information tech. , slow growth of manufacturing industry , virtual stagnation in agriculture
Your Answer
explosion of information tech. , slow growth of manufacturing industry , virtual stagnation in agriculture

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

Select The Blank
Question
Actuary ________ and deciding of a specific ________ is the biggest problem.
Correct Answer
science
Your Answer
premium
Correct Answer
premium
Your Answer
Compensation

True/False
Question
If you want it done right, do it yourself, is a fallacy
Correct Answer
True
Your Answer
False

Select The Blank
Question
Self-________ matters a lot to ________
Correct Answer
regulation
Your Answer
regulation
Correct Answer
Leaders
Your Answer
Leaders

Multiple Choice Multiple Answer
Question
Some of the major strategies adopted by business families for their survival and growth are
Correct Answer
appointment of professional mangers , joint ventures and tie-ups , technology up gradation
Your Answer
appointment of professional mangers , technology up gradation

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

Multiple Choice Single Answer
Question
For most hi-tech service industries, the two ingredients are:
Correct Answer
Only a and c
Your Answer
Only a and c

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

Principles and Practices of Management -1

Principles and Practices of Management - 3

Multiple Choice Multiple Answer
Question
The external environmental factors that influence management are
Correct Answer
Economic , Political , Technological
Your Answer
Economic , Political , Technological

True/False
Question
Event management has to pay only entertainment tax not the service tax.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer
Question
Name the service which has two prime necessities like co-ordination and infiltration.
Correct Answer
Staff
Your Answer
Staff

Select The Blank
Question
________ decisions relate to the day to day operations of the enterprise generally taken by middle and lower level management.
Correct Answer
Operative
Your Answer
Organisational

Multiple Choice Single Answer
Question
Successful consultants should promote their consultancy through what ?
Correct Answer
Network
Your Answer
Network

True/False
Question
Decision-Making is a process of making a choice of poor alternatives.
Correct Answer
False
Your Answer
False

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

Multiple Choice Single Answer
Question
Profession requires definite period of what?
Correct Answer
Learning
Your Answer
Practice

Multiple Choice Multiple Answer
Question
Barriers to delegation of authority would be :
Correct Answer
Lack of trust in subordinates , Fear of loosing status by managers , Over-confidence among managers
Your Answer
Lack of trust in subordinates , Prompt decision making , Over-confidence among managers

Multiple Choice Single Answer
Question
Organization is apart of which type of system?
Correct Answer
Social
Your Answer
Scientific

Multiple Choice Multiple Answer
Question
David C Mc Celland identified three motives those are
Correct Answer
Affiliation , Power , Achievement
Your Answer
Affiliation , Power , Achievement

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

Select The Blank
Question
Failure to give ________ to goal setters is a weakness of MBO.
Correct Answer
guidelines
Your Answer
guidelines

True/False
Question
Management is the combination of Arts,Science and Profession.
Correct Answer
True
Your Answer
True

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

Multiple Choice Single Answer
Question
Who said, the heart of administration is the directing function.
Correct Answer
Dimock
Your Answer
Dimock

True/False
Question
Management is that important process which continues till the objectives set by the administrator are actually achieved.
Correct Answer
True
Your Answer
False

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
A vision statement should have the following components
Correct Answer
ability to inspire people , achievable , precise and objective
Your Answer
ability to inspire people , achievable , precise and objective

Multiple Choice Single Answer
Question
One of the key features of services is that they are
Correct Answer
intangible
Your Answer
non-perishable

Select The Blank
Question
The process of control is complete only when the organisation take ________ action.
Correct Answer
corrective
Your Answer
effective

Multiple Choice Multiple Answer
Question
The factors coming under philosophy of scientific management are:
Correct Answer
Co-operation , Maximum output , Harmony
Your Answer
Co-operation , Maximum output , Harmony

Multiple Choice Single Answer
Question
Who is the most effective person are alike in one crucial way, they all have a high degree of emotional intelligence.
Correct Answer
Entrepreneur
Your Answer
Entrepreneur

Multiple Choice Multiple Answer
Question
The activities of the communicator while communicating a message will include,
Correct Answer
ideation , encoding , transmission
Your Answer
encoding , response , transmission

Multiple Choice Multiple Answer
Question
Features of Management are as follows
Correct Answer
goal oriented , universal , continuous process
Your Answer
goal oriented , universal , continuous process

Multiple Choice Single Answer
Question
Professional managers help organizations in chalking out which type of strategies?
Correct Answer
Corporate
Your Answer
Corporate

Select The Blank
Question
________provides a corporate responsibility and it is the application of a proven and systematic body of knowledge.
Correct Answer
Profession
Your Answer
Management

True/False
Question
Management as a discipline needs certificate of practice.
Correct Answer
False
Your Answer
False

Multiple Choice Multiple Answer
Question
For most hi-tech service industries the major components are
Correct Answer
Infrastructure , Knowledge , labour
Your Answer
Infrastructure , Knowledge , Information technology

Match The Following
Question
Correct Answer
Your Answer
Management
Creative
Dynamic
Professional Manager
Dynamic
Profession
Art
Skill
Science
Code of Conduct
Profession
Creative
Predictive Power
Science
Skill

True/False
Question
Science is a body of organized knowledge
Correct Answer
True
Your Answer
True

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

Multiple Choice Single Answer
Question
It is said that communication is a meaningful
Correct Answer
interaction
Your Answer
interaction

Multiple Choice Single Answer
Question
What does the insurance company compensate for if and when the event insured against an incident occurs?
Correct Answer
Losses
Your Answer
Losses

Multiple Choice Single Answer
Question
Management exists at which levels of the organization?
Correct Answer
All
Your Answer
All

True/False
Question
The Indian consumer does not see shopping as an end in itself.
Correct Answer
False
Your Answer
True

True/False
Question
Retailers cannot just take their global retailing formats and try to transpose them onto the India scenario.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
One of the factors which learning organizations possess is a climate of openness and the other factor is
Correct Answer
trust
Your Answer
trust

Multiple Choice Single Answer
Question
It is one of the good control system which not only points out the deviations but also pinpoints them where they are important to its operations is
Correct Answer
Focus on strategic points
Your Answer
Focus on strategic points

True/False
Question
Profession needs certificate of practice
Correct Answer
True
Your Answer
False

True/False
Question
'Span of control' is also referred to as span of management.
Correct Answer
True
Your Answer
True

True/False
Question
Learning from mistakes is often more powerful than learning from success.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
The philosophy of Vedanta is compared to which animal in the dream of the person, who wakes the dreamer and makes you realise your self discovered reality.
Correct Answer
Lion
Your Answer
Lion

Select The Blank
Question
The statement "We sell for Less" is deliberately ambiguous, it raises the question; 'Less than what', this is called as, ________ to communication.
Correct Answer
Semantic barrier
Your Answer
Semantic barrier

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

Match The Following
Question
Correct Answer
Your Answer
Making sense of situations
organizing information and thoughts
organizing information and thoughts
Creativity
brainstorming, associating ideas
embedding new knowledge into mental models
Inquiry
interviewing, seeking information
interviewing, seeking information
Making choices
deciding courses of actions
deciding courses of actions

Select The Blank
Question
Learning from mistakes is often more powerful than learning from________.
Correct Answer
Success
Your Answer
Success

at 6:31 AM 0 comments Links to this post  

Principles and Practices of Management - 2

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
In addition to Place, Labor and Money which other internal environment Factor influences Management?
Correct Answer
Machines
Your Answer
Machines

Multiple Choice Multiple Answer
Question
Name the physical aspects of an enterprise.
Correct Answer
Name , Location , Address
Your Answer
Name , Manpower , Address

Multiple Choice Single Answer
Question
What is it that in communication should not be done in vacuum, instead other people should be consulted.
Correct Answer
planning
Your Answer
planning

Multiple Choice Multiple Answer
Question
Certain important motivational techniques are
Correct Answer
Monetary incentives , Job-based techniques , MBO techniques
Your Answer
Security technique , Monetary incentives , MBO techniques

Multiple Choice Multiple Answer
Question
The concept of SBU includes
Correct Answer
unrelated products and businesses that are separated , the fact that each SBU has its own CEO , a scientific method of grouping the business
Your Answer
unrelated products and businesses that are separated , the fact that each SBU has its own CEO , a scientific method of grouping the business

True/False
Question
Decision-making is a primary part of the managerial process.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Of which type of knowledge is science a body of?
Correct Answer
Organized
Your Answer
Assimilated

Multiple Choice Multiple Answer
Question
Types of degree of delegations are:
Correct Answer
Low degree , Moderate degree , High degree
Your Answer
Low degree , Moderate degree , High degree

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

True/False
Question
Learning organizations should imitate a task force.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Learning organizations must cope with challenge and
Correct Answer
uncertainty
Your Answer
uncertainty

Select The Blank
Question
LPG stands for liberalization, ________ and globalization.
Correct Answer
Privatization
Your Answer
Privatization





Match The Following
Question
Correct Answer
Your Answer
Empathy
It is a component of leadership due to the rapid pace of globalization
It is a component of leadership due to the rapid pace of globalization
Social effectiveness
This component allows you to settle disputes amicably
This component allows you to settle disputes amicably
Alfred Bennet
He is the father of intelligence quotient
He is the father of intelligence quotient
Daniel Goleman
He is an American Behavioural Scientist
He is an American Behavioural Scientist

Multiple Choice Multiple Answer
Question
Every company undertakes the process of forecasting by various competent authorities which can be listed as
Correct Answer
CII , RBI , CMIE
Your Answer
CII , RBI , CMIE

Multiple Choice Single Answer
Question
Management is not just a
Correct Answer
Process
Your Answer
Process

Select The Blank
Question
The concept of value and the concept of maximization of value are related to________concept of Ethics.
Correct Answer
Consequentialism
Your Answer
Consequentialism

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

Multiple Choice Single Answer
Question
Management is purposeful and what?
Correct Answer
Goal oriented
Your Answer
Goal oriented

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

Select The Blank
Question
General Insurance corporation was nationalized in________.
Correct Answer
1972
Your Answer
1972

True/False
Question
Planning and control are closely interrelated and they do not determine the accuracy of decision-making.
Correct Answer
False
Your Answer
False

True/False
Question
There are three central ideas associated with consequentialism.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer
Question
Name one of the factors that govern the span of management.
Correct Answer
Type of work
Your Answer
Type of work


Multiple Choice Multiple Answer
Question
Retailing categories based on ownership arrangement would be
Correct Answer
Super Markets , Consumer Durables Stores , Departmental Stores
Your Answer
Super Markets , Consumer Durables Stores , Departmental Stores

Multiple Choice Single Answer
Question
Science is a body of which type of Knowledge?
Correct Answer
Organized
Your Answer
Assimilated

True/False
Question
Peter Drucker various publications have sold about 5 -6 million copies worldwide.
Correct Answer
True
Your Answer
True

Select The Blank
Question
Latest approach signifies organization has a part of ________ system.
Correct Answer
Social
Your Answer
Social

Select The Blank
Question
Necessity of control in business organisation arises due to number of factors, one of which is ________ of organisations themselves.
Correct Answer
complexity
Your Answer
complexity

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
second largest employer after agriculture
Select The Blank
Question
________organizations have systems, mechanisms and processes in place.
Correct Answer
Learning
Your Answer
Learning

True/False
Question
Indian business families are still avoiding joint ventures and tie-ups.
Correct Answer
False
Your Answer
False

Select The Blank
Question
Under the principles of effective delegation, it is said that never delegate and ________.
Correct Answer
Disappear
Your Answer
Disappear

True/False
Question
In principle the chairman and the CGO have the same role to play.
Correct Answer
False
Your Answer
True

True/False
Question
Valency is the extent to which the outcome of the activity and its success matters to the individual . (Level of motivation = Valency x Expectancy)
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
Advantages of delegation of authority would be:
Correct Answer
Prompt decision making , Opportunity to subordinates to grow and develop , Satisfaction to subordinates in terms of recognition
Your Answer
Prompt decision making , Opportunity to subordinates to grow and develop , Satisfaction to subordinates in terms of recognition

Multiple Choice Single Answer
Question
A business unit must meet specific criteria, if it wants to be called an SBU. These are
Correct Answer
Definable group of competitors
Your Answer
Definable group of competitors

Multiple Choice Single Answer
Question
What does Maslow propound about the five needs ?
Correct Answer
Hierarchy
Your Answer
Hierarchy

Multiple Choice Single Answer
Question
Name the technique which is said to be a ploy or a future course of action.
Correct Answer
Strategy
Your Answer
Strategy

Select The Blank
Question
________ is the ability to sense, understand and effectively apply emotion.
Correct Answer
Emotional Intelligence
Your Answer
Emotional Quotient

Multiple Choice Single Answer
Question
Who built the first practical mechanical calculator and predicted the specialization of mental work?
Correct Answer
Charles Babbage
Your Answer
Charles Babbage

Match The Following
Question
Correct Answer
Your Answer
Management and Leadership studies
Value based management
Swami Budhananda
Maharshi Institute of Management
Eighteen centres in India and Abroad
Eighteen centres in India and Abroad
Amritanandamayi Math's centreDr. S.K. Chakraborty
Value based management
Indian Vedanta PhilosophySwami Budhananda
Dr. S.K. Chakraborty

Multiple Choice Multiple Answer
Question
Some of the public insurance companies are
Correct Answer
LIC , Oriental Insurance , General Insurance
Your Answer
LIC , Oriental Insurance , General Insurance

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
Brands are associated with lifestyles and people's________.
Correct Answer
aspirations
Your Answer
aspirations

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

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Principles and Practices of Management - 1

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

True/False
Question
A budget as a plan of statement of expected results is expressed in numerical terms.
Correct Answer
True
Your Answer
False

Multiple Choice Multiple Answer
Question
Name the leading event management companies in India
Correct Answer
Midas , Pinnacle , Wizcraft
Your Answer
Midas , Pinnacle , Wizcraft

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

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

Multiple Choice Single Answer
Question
What is it that can be described as a readiness to co-operate warmly in the task and purposes of a given group organisation.
Correct Answer
Morale
Your Answer
Co-ordination

Match The Following
Question
Correct Answer
Your Answer
Disclosures
transparent
transparent
Shareholder democracy
myth in India
myth in India
Planning
board of directors
invest time and efforts
Trust
corporate governance
function of board

Select The Blank
Question
The retailing sector in India has been quite________.
Correct Answer
staid and boring
Your Answer
staid and boring

Multiple Choice Single Answer
Question
India has been experiencing the unique stranglehold of our_____
Correct Answer
traditional kirana stores
Your Answer
traditional kirana stores

Multiple Choice Single Answer
Question
Emotional Quotient increases with age commonly known as
Correct Answer
maturity
Your Answer
maturity

Select The Blank
Question
The service sector has expanded because of the virtual stagnation of the________sector.
Correct Answer
agricultural
Your Answer
agricultural

Multiple Choice Single Answer
Question
Span of management depends upon the ability of whom?
Correct Answer
Employees
Your Answer
Enterprise

Multiple Choice Single Answer
Question
what would essentially shape the growth and future of any economy?
Correct Answer
Adequate and quality corporate governance
Your Answer
Adequate and quality corporate governance

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

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

Select The Blank
Question
Limitations of business planning is that it has been considered as time consuming and ________ device.
Correct Answer
expensive
Your Answer
risk

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 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
Management as a discipline does not require any________of practice.
Correct Answer
certificate
Your Answer
certificate

Select The Blank
Question
________is at the core of corporate governance.
Correct Answer
trust
Your Answer
trust

True/False
Question
Financial institutions should maintain a close relationship to seek a seat on the board.
Correct Answer
False
Your Answer
False

True/False
Question
Wrong medium of communication is a physical barrier.
Correct Answer
False
Your Answer
False

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
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 experiences of people

Multiple Choice Multiple Answer
Question
Name the three important Generic Competitive Strategies.
Correct Answer
Overall cost leadership, Differential, Focus
Your Answer
Differential, Focus, Strategy


True/False
Question
Delegation and decentralization are closely related to each other.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
It is said "Controlling can not take place in a vacuum", which means there can be no controlling without previous
Correct Answer
planning
Your Answer
direction

True/False
Question
Morale is the sum total of various physical qualities.
Correct Answer
False
Your Answer
False

Select The Blank
Question
Direction is a ________ function performed by all the managers at all levels of the organisation.
Correct Answer
managerial
Your Answer
managerial

Multiple Choice Multiple Answer
Question
Principles of effective delegation are:
Correct Answer
Train the subordinates , Reward delegation , Appropriate reporting system
Your Answer
Train the subordinates , Appropriate reporting system

Select The Blank
Question
________, weakness, threats, opportunities are the long form SWOT analysis.
Correct Answer
strength
Your Answer
Strength

Multiple Choice Multiple Answer
Question
To be called an SBU, a business unit must meet specific criteria such as
Correct Answer
having a definable group of competitors , having a mission similar to other SBUs , preparing its own integrated plans
Your Answer
having a definable group of competitors , having its own mission and goals , preparing its own integrated plans

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 , Simplicity in restructuring

Match The Following
Question
Correct Answer
Your Answer
Appley LManagement is management of people and not the direction of things
Management is management of people and not the direction of things
Definition of Management
Management is management of men, money, machinery, materials and information
Management is management of men, money, machinery, materials and information
Koontz and O'Donell
Management is the creation and maintenance of internal environment in an enterprise
Management is the creation and maintenance of internal environment in an enterprise
Peter Drucker
Management is a multi-purpose organ that manages a business, manages workers and work
Management is a multi-purpose organ that manages a business, manages workers and work

Select The Blank
Question
________ are at a minimum where the morale is high.
Correct Answer
Grievances
Your Answer
Grievances

True/False
Question
the heart of administration is the directing function.
Correct Answer
True
Your Answer
True


Multiple Choice Multiple Answer
Question
Empathy is particularly important today as a component of leadership for the following
Correct Answer
rapid pace of globalisation , increasing use of teams , growing need to retain talent
Your Answer
rapid pace of globalisation , increasing use of teams , growing need to retain talent

Multiple Choice Multiple Answer
Question
Name the flagship companies under the group of "Aditya Birla"
Correct Answer
Hindalco , Indo-Gulf Fertilizers , Birla Corporation
Your Answer
Hindalco

Multiple Choice Multiple Answer
Question
Fredrick Winslow Taylor's Mechanism of scientific management includes,
Correct Answer
Scientific task setting , Planning task setting , Standardization of tools
Your Answer
Scientific task setting , Planning task setting , Standardization of tools

Multiple Choice Multiple Answer
Question
Future of Insurance sector would be
Correct Answer
new players taking over the market , improved customer service , strong hold of nationalized players
Your Answer
new players taking over the market , improved customer service , strong hold of nationalized players

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

Multiple Choice Single Answer
Question
A senior family member and trusted professional manager acts as what to the business families scions trained abroad and then return to take over the business.
Correct Answer
mentor
Your Answer
mentor

Select The Blank
Question
Govt. services comprise________, defence and social goods.
Correct Answer
public administration
Your Answer
service sector

True/False
Question
Unity of command means that employees should receive orders from one superior only.
Correct Answer
True
Your Answer
True

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

True/False
Question
Every manager in an organisation gives direction to his subordinates as a superior and receives direction as subordinate from his superior.
Correct Answer
True
Your Answer
True