Principles and Practices of Management - 8

Multiple Choice Single Answer
Question
Which of the following is a necessary by product of good managerial directing ?
Correct Answer
Co-ordination
Your Answer
Monitoring

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 Multiple Answer
Question
Unethical acts are results of the following factors:
Correct Answer
unawareness and insensitivity to issues , selfishness , faulty reasoning
Your Answer
unawareness and insensitivity to issues , selfishness , faulty reasoning

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

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

Multiple Choice Single Answer
Question
How many forces of competition are there according to Michael E. Porter?
Correct Answer
Five
Your Answer
Five

Multiple Choice Multiple Answer
Question
The internal environment factors that influence management are
Correct Answer
labour , machines , place
Your Answer
labour , machines , place

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 Single Answer
Question
How many billion dollars is our Retailing sector estimated to be?
Correct Answer
$ 180 billion
Your Answer
$ 180 billion

True/False
Question
Motivation of subordinates to meet the expectations of the manager is a feature of direction.
Correct Answer
False
Your Answer
False

Multiple Choice Multiple Answer
Question
Name the tactics used in the intensity of rivalry amongst existing competitors.
Correct Answer
Price competition , Advertising battles , Product introduction
Your Answer
Substitute products , Price competition , Advertising battles

Multiple Choice Single Answer
Question
Which concept of ethics tries to explore the traits which help a person to lead a life that is satisfying from an ethical point of view?
Correct Answer
Ethics of Virtue
Your Answer
Ethics of Virtue

Multiple Choice Single Answer
Question
What is the challenge insurance will face like any other service sector?
Correct Answer
Branding
Your Answer
Branding

True/False
Question
Vision without mission is incomplete and mission without vision is meaningless.
Correct Answer
True
Your Answer
True

Select The Blank
Question
Different rates are levied by different states for ________ tax.
Correct Answer
entertainment
Your Answer
entertainment

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

Multiple Choice Single Answer
Question
Name the group of related businesses that can be taken for the sake of strategic planning, distinct from the rest of the businesses
Correct Answer
strategic business units
Your Answer
strategic business units

Select The Blank
Question
Brands are associated with lifestyles and people's________.
Correct Answer
aspirations
Your Answer
aspirations

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

Select The Blank
Question
Advantage of delegation of authority results in prompt ________.
Correct Answer
Decision-making
Your Answer
Decision-making

Match The Following
Question
Correct Answer
Your Answer
Principle of effective delegation
To believe in feedback, interaction and result orientation.
To believe in feedback, interaction and result orientation.
High degree of delegation
The task is specified to a subordinate and is told to report back with results
The task is specified to a subordinate and is told to report back with results
Functional authority
This is clarifying the assignment, which is delegated to a department.
This is clarifying the assignment, which is delegated to a department.
Need for delegation
Superior needs to concentrate on important and vital issues.
Superior needs to concentrate on important and vital issues.

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

Select The Blank
Question
Span of control is also referred to as the span of ________.
Correct Answer
Supervision
Your Answer
Supervision

Select The Blank
Question
One of the merits of ________ is that it recognizes importance of various individual needs and motivation, and yields a contingency model.
Correct Answer
Vroom's theory
Your Answer
Herzberg's theory

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
________means that private and foreign investors can participate in the Indian Insurance Sector.
Correct Answer
Liberalization
Your Answer
Liberalization

Select The Blank
Question
Chesterd Bernard developed a theory of organization and ________ functions.
Correct Answer
Executive
Your Answer
Executive

Match The Following
Question
Correct Answer
Your Answer
Unit of command
This means that employees should receive orders from one superior only
This means that employees should receive orders from one superior only
Scalar chain
Chain of superiors from the highest to the lowest ranks
Chain of superiors from the highest to the lowest ranks
Equity
Loyalty, devotion on the part of managers should be there when dealing with subordinates
This means each group of activities with the same objective must have one head and one plan
Esprit De Corps
In union there is strength'
In union there is strength'

Multiple Choice Single Answer
Question
The main role of management consultant to the organisation is to provide
Correct Answer
Recommendations
Your Answer
Information

Multiple Choice Multiple Answer
Question
The potential external opportunities faced by an organization are
Correct Answer
additional customer groups , faster market groups , falling trade barriers
Your Answer
additional customer groups , falling trade barriers

Multiple Choice Multiple Answer
Question
The service sector has grown because of reasons mentioned below
Correct Answer
tendency of distributing specialized knowledge and technology capital for labour in the manufacturing industry , technology no longer gives a competitive edge to manufacturing activities in the global scenario , as income increases, consumer demands for services increase faster than those for goods
Your Answer
as income increases, consumer demands for services increase faster than those for goods , a change in customer demand pattern from traditional to modern, global stds

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

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

Select The Blank
Question
Actuary is one who specializes in the________of insurance.
Correct Answer
mathematics
Your Answer
mathematics

True/False
Question
One of the oldest technique of checking performance is the personal observation.
Correct Answer
True
Your Answer
True

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

Multiple Choice Multiple Answer
Question
In the complex new liberalized economy business families face common problems such as
Correct Answer
Unproductive labour , Falling share value , Transnational attach
Your Answer
Unproductive labour , Falling share value , Transnational attach

Multiple Choice Single Answer
Question
What articulates the long-term goals of an enterprise ?
Correct Answer
Vission Statement
Your Answer
Vission Statement

Multiple Choice Multiple Answer
Question
Some of the popular forecasts are
Correct Answer
Demand forecast , Sales forecast , Specific industry forecast
Your Answer
Demand forecast , Sales forecast , Specific industry forecast

True/False
Question
You should never measure the process and develop tools that will measure your progress.
Correct Answer
False
Your Answer
False

Select The Blank
Question
Many families were running the business with a law ________ stake of 15% to 20%.
Correct Answer
Capital
Your Answer
Capital

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

True/False
Question
Direction initiates at the bottom level in the organisation and follows to top through the hierarchy.
Correct Answer
False
Your Answer
False

Select The Blank
Question
High morale is likely to be associated with superior motivation and low morale with ________, and a lack of drive.
Correct Answer
frustration
Your Answer
stress

Multiple Choice Multiple Answer
Question
Research indicates that the limbic system learns best through
Correct Answer
motivation , extended practice , feedback
Your Answer
motivation , extended practice , feedback

Multiple Choice Multiple Answer
Question
Advantages of learning organizations should be
Correct Answer
Free exchange and flow of information , Commitment to learning, personal development , Climate of openness and trust
Your Answer
Free exchange and flow of information , Commitment to learning, personal development , Climate of openness and trust

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