Tuesday, January 5, 2010

Principles and Practices of Management - 3

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