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