Principles and Practices of Management - 21

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

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 L Management 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