Principles and Practices of Management 1

Principles and Practices of Management - 1
True/False Question
Management is always defined as dynamic, universal, ever-changing subject.
Correct Answer
True

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

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

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

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 organization.
Correct Answer
Morale


Match The Following
Question
Correct Answer
Disclosures - transparent
Shareholder democracy - myth in India
Planning - board of directors
Trust - corporate governance


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

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

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

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

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

Multiple Choice Single Answer
Question
What would essentially shape the growth and future of any economy?
Correct 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

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

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

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

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 growth
Correct Answer
Koontz & O ‘Donell

Select The Blank
Question
Management as a discipline does not require any________of practice.
Correct Answer
certificate

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

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

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

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

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

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

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

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

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

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

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

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

Match The Following
Question
Correct Answer
Appley L - Management is management of people and not the direction of things
Definition of Management-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
Peter Drucker - 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


True/False
Question
the heart of administration is the directing function.
Correct 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 globalization , 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

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

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

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

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

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

True/False
Question
Posture' and Observance' are not included under the 'yogic' exercises
Correct Answer
False

Select The Blank
Question
Management is a creative and ________ process.
Correct Answer
continuous

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