Sunday, February 6, 2011

Principles and Practices of Management 5

Principles & Practices of Management -15
Multiple Choice Single Answer
Question
One of the causes of low morale would be
Correct Answer
No delegation of authority


Multiple Choice Single Answer
Question
A business unit must meet specific criteria, if it wants to be called an SBU. These are
Correct Answer
Definable group of competitors

Multiple Choice Multiple Answer
Question
An SBU is an independent business with a coherent set of
Correct Answer
products , competitors , objectives

Select The Blank
Question
In management process, the most misinterpreted word is ________.
Correct Answer
Organizing

True/False
Question
Management is that important process which continues till the objectives set by the administrator are actually achieved.
Correct Answer
True


Multiple Choice Multiple Answer
Question
Name the flagship companies under the Business family "Munjals"
Correct Answer
Hero Honda , Hero Cycles

Multiple Choice Multiple Answer
Question
The old control techniques which were used through years are
Correct Answer
Unity of policies , break-even analysis , budgetary control

Multiple Choice Single Answer
Question
Name the technique which is said to be a ploy or a future course of action.
Correct Answer
Strategy


Multiple Choice Multiple Answer
Question
The main strategies adopted by business families for growth are
Correct Answer
Raising their capital , Appoint professional manager , Technology upgradation


Multiple Choice Single Answer
Question
Management is purposeful and what?
Correct Answer
Goal oriented


Multiple Choice Multiple Answer
Question
Select the guidelines for effective decision making.
Correct Answer
Adopt a diagnostic approach to decision making , Involve subordinates in decision making process , Evaluate the results


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


Match The Following
Question
Correct Answer

Empathy - It is a component of leadership due to the rapid pace of globalisation

Social effectiveness- This component allows you to settle disputes amicably

Alfred Bennet - He is the father of intelligence quotient

Daniel Goleman - He is an American Behavioural Scientist


Multiple Choice Single Answer
Question
Audit is an effective tool of corporate governance and can act/enable
Correct Answer
self-regulation


Multiple Choice Single Answer
Question
Which among the following is an event management company?
Correct Answer
Planet E


Multiple Choice Single Answer
Question
Management is
Correct Answer
Multidisciplinary

Multiple Choice Single Answer
Question
Some managements who are very much intimated by consulting firms, what are they likely to loose
Correct Answer
Confidence


Multiple Choice Single Answer
Question
Management exists at which levels of the organization?
Correct Answer
All

Multiple Choice Single Answer
Question
Profession requires definite period of what?
Correct Answer
Learning

Multiple Choice Single Answer
Question
Motivating a worker is to create a need and what else on the part of a worker to better his present performance.
Correct Answer
Desire


Multiple Choice Single Answer
Question
Science is a body of which type of Knowledge?
Correct Answer
Organized


Multiple Choice Multiple Answer
Question
Features of Management are as follows
Correct Answer
goal oriented , universal , continuous process


Multiple Choice Multiple Answer
Question
Management is multidisciplinary, it includes knowledge/ information from
Correct Answer
economics , maths , psychology


Select The Blank
Question
The process of control is complete only when the organisation take ________ action.
Correct Answer
corrective


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


True/False
Question
The purpose of control is not to appraise current and completed action but to provide a basis for regulating future activities.
Correct Answer
False

Select The Blank
Question
Business ethics can be defined as the study of what is________for the business.
Correct Answer
good and right

Select The Blank
Question
To solve the HR issues, one of the remedy is to emphasis on overall ________ development through training and exposure.
Correct Answer
Personality


Multiple Choice Single Answer
Question
Corporatization of the service sector is essentially
Correct Answer
professionally managed services


Select The Blank
Question
With liberalization markets are undergoing fundamental changes including ________ and pressure on prices.
Correct Answer
competition


Multiple Choice Single Answer
Question
One of the external factors that influence management is
Correct Answer
Legal


Select The Blank
Question
Management as a discipline is the function of________.
Correct Answer
creativity


Multiple Choice Single Answer
Question
Management is not just a
Correct Answer
Process


True/False
Question
Decreased productivity is a cost of low IQ.
Correct Answer
False

Select The Blank
Question
A rule governing Indian companies states that policy holder's funds must be________only in India.
Correct Answer
invested

True/False
Question
The financial structure is not one of the five channels of corporate governance.
Correct Answer
False


Match The Following
Question
Correct Answer

Goals - It is a dream with a deadline and articulates the long-term goals of the enterprise..

MBO - More specific, financial, non-financial issues reached with a stretch.

Mission - The philosophy that emphasizes self-control and self direction

Vision - The basically indicate the purpose of business


Select The Blank
Question
A set of actions that you start with and must maintain is also called as ________.
Correct Answer
Strategy


Select The Blank
Question
Being more attuned to the feelings of those you work with is a benefit of ________.
Correct Answer
Emotional Quotient


True/False
Question
The 7 S Framework first appeared in 'The Art of Japanese management' by Richard Pascale and Anthony Athos in 1981.
Correct Answer
True

Multiple Choice Single Answer
Question
What does decoding mean ?
Correct Answer
Message interpretation

Multiple Choice Multiple Answer
Question
Some tips for improving written communication would be
Correct Answer
Avoid unnecessary words , Use simple words and phrases , Use short and familiar words


Multiple Choice Multiple Answer
Question
Types of degree of delegations are:
Correct Answer
Low degree , Moderate degree , High degree


True/False
Question
Under pre-requisites of planning performance budgeting is meaningful without control.
Correct Answer
False


Multiple Choice Single Answer
Question
In addition to Place, Labor and Money which other internal environment Factor influences Management?
Correct Answer
Machines


Multiple Choice Multiple Answer
Question
The products that are grouped under strategic business units share common factors, like
Correct Answer
underlying technology , the market , the skill
Your Answer
underlying technology , the market , the skill

Principles and Practices of Management - 14
Multiple Choice Single Answer
Question
What is the fundamental tool employed by managers in directing their subordinates ?
Correct Answer
Order


True/False
Question
MBO method has been evolved by Peter Drucker (1955).
Correct Answer
True

True/False
Question
Control techniques affect the degree of decentralization.
Correct Answer
True


Select The Blank
Question
The term ________ refers to a specific administrative directive prescribing the sequential manner in which a repetitive activity is to be initiated and completed in a goal - oriented manner.
Correct Answer
procedure


Multiple Choice Single Answer
Question
Whose feelings and difficulties should the manager know for direction to become effective?
Correct Answer
Subordinates


True/False
Question
In delegation a superior transfer some duties and responsibilities to his subordinates.
Correct Answer
False


Multiple Choice Single Answer
Question
Under the disadvantages of strategic business units what is that which is difficult to maintain in its uniformity?
Correct Answer
Corporate image

Select The Blank
Question
A superior should always establish a ________ control so that his subordinates report to him periodically.
Correct Answer
Feedback


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


Multiple Choice Single Answer
Question
What did chanakya write ?
Correct Answer
Arthashastra


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


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


Select The Blank
Question
To solve the HR issues, one of the remedy is to emphasis on overall ________ development through training and exposure.
Correct Answer
Personality


Select The Blank
Question
Producer services are trade, ________communication and financial services.
Correct Answer
transport


Multiple Choice Multiple Answer
Question
The various tools for corporate governance are
Correct Answer
audit, professionalism, proper functioning of the board

True/False
Question
Economic consideration do not affect the choice of span.
Correct Answer
False


Multiple Choice Single Answer
Question
To become a successful consultant, name the skill required
Correct Answer
negotiation


Select The Blank
Question
________ says you are the product of your past and you are bound by past activities.
Correct Answer
Law of destiny



Select The Blank
Question
To establish contact with the creator ________ helps us to transfer our minds and reach at the goal.
Correct Answer
Yogic processes, social norms and values


Multiple Choice Single Answer
Question
Some managements who are very much intimated by consulting firms, what are they likely to loose
Correct Answer
Confidence

True/False
Question
Learning from mistakes is often more powerful than learning from success.
Correct Answer
True


Multiple Choice Multiple Answer
Question
The definition of decision involves following characteristics
Correct Answer
Involves Rationality , Involves Commitment , Involves Mental Process


Multiple Choice Single Answer
Question
One of the external environment factors that influences Management is
Correct Answer
Legal


Multiple Choice Multiple Answer
Question
The old control techniques which were used through years are
Correct Answer
Unity of policies , break-even analysis , budgetary control


Multiple Choice Single Answer
Question
Name the need under the level of hierarchy which has the highest potency and a person who lacks basic necessities of life will primarily be motivated by such needs
Correct Answer
physiological

Select The Blank
Question
________ is effective only in big organizations.
Correct Answer
Decentralization


Multiple Choice Multiple Answer
Question
Budgetary control involves budgets such as
Correct Answer
sales, production , cash


Select The Blank
Question
The concept of corporate governance has been attracting ________in India.
Correct Answer
public attention


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


Multiple Choice Single Answer
Question
Name one of the disadvantages of strategic business units
Correct Answer
Distortion of information


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

Select The Blank
Question
Maharishi Institute of Management has ________ centres in India and abroad.
Correct Answer
18


Multiple Choice Multiple Answer
Question
Under McKinsey's 7 S model, the soft S's are:
Correct Answer
Style , Staff , Skills


Multiple Choice Multiple Answer
Question
The factors measuring the morale of the workers and ascertain whether it is increasing or diminishing can be listed as
Correct Answer
Absenteeism , No. of accidents , Grievances


Multiple Choice Single Answer
Question
The Indian retail sector is behind Taiwan although its retail industry is estimated to be around $40 billion only, this is because of its
Correct Answer
81% penetration


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


True/False
Question
'Span of control' is also referred to as span of management.
Correct Answer
True


Match The Following
Question
Correct Answer

Knowledge based decision-making. - Instead of intuition

Professional managers may have only salary-stake - Question of accountability of Performance

Management can be applied everywhere - Management is universal
Management is dynamic - Changes as per time

Manager does not require any specific qualification - Anybody can become a manager


Multiple Choice Multiple Answer
Question
The general management challenges faced by the service sector are
Correct Answer
Communicating the concept , Differentiating factors , Revenue model


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


Select The Blank
Question
________ provide all types of help required to make the business more efficient and profitable.
Correct Answer
Consultants

Multiple Choice Multiple Answer
Question
The key management processes in the learning organizations would be
Correct Answer
competitor analysis , performance measurement , capability planning


Multiple Choice Single Answer
Question
Management is said to be the combination of three factors, arts, science and the third is
Correct Answer
profession


True/False
Question
Taj Mahal are living symbols of 'creation and result of management practices'.
Correct Answer
True


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


True/False
Question
Ethics of statute tries to explore the traits which help the person to lead a life that is satisfying from an ethical point of view.
Correct Answer
False


Match The Following
Question
Correct Answer
Philosophy of scientific management - Development of each man to his capacity and ability

Six industrial activities - Technical, commercial, financial, accounting, security management

Five management functions - Planning, organizing, commanding, co-ordination, control

Four supervisors at implementation department - Gang boss, speed boss, repair boss, inspector

Principles and Practices of Management - 13
Multiple Choice Single Answer
Question
Whose behavior does control guide and integrate?
Correct Answer
Employees


Multiple Choice Multiple Answer
Question
Science as a discipline has the following features
Correct Answer
body of organized knowledge , establishes cause and effect relationship




Multiple Choice Multiple Answer
Question
The activities of the communicator while communicating a message will include
Correct Answer
ideation , encoding , transmission


True/False
Question
Management is conditional
Correct Answer
False


Multiple Choice Single Answer
Question
What is the keynote of Indian thought?
Correct Answer
Balance

Multiple Choice Single Answer
Question
One of the popular forecasts is?
Correct Answer
Demand

Multiple Choice Multiple Answer
Question
Few of the ethical concepts are stated as under
Correct Answer
ethical subjectivism , ethical relativism


Multiple Choice Multiple Answer
Question
It is agreed that control is vital to an organization due to the following reasons
Correct Answer
positive impact , detection of weaknesses , proper implementation of plans


Multiple Choice Multiple Answer
Question
The aspects of corporate governance are
Correct Answer
attracting public attention , indispensable , trust


Multiple Choice Multiple Answer
Question
To be called an SBU, a business unit must meet specific criteria
Correct Answer
have definable group of competitors , have its own mission , prepare its own integrated plans


Select The Blank
Question
________ can be viewed as an extension of ________.
Correct Answer
Decentralization, delegation

Multiple Choice Multiple Answer
Question
Internal co-ordination will be co-ordination between
Correct Answer
branch offices, workers and managers, coordination with employees of same dept.

Match The Following
Question
Correct Answer

Challenge faced by the retail business - Looking beyond price

Brands are no longer products - They are associated with life styles and people’s aspirations

Obstacle to retail development in India - Expensive supply chains

A favorable factor which will help the further development of retail sector in India -Awareness being created by satellite TV channels about global products.

An average Indian buying habit - Prefer to pay in cash


Multiple Choice Multiple Answer
Question
In the insurance sector the rules governing the foreign companies
Correct Answer
26% equity participation , can affect only special resolutions , cannot appoint majority directors on the co. board



Match The Following
Question
Correct Answer

Sniffing - Flavor

De merger - Downsizing

Consultants - Advisors

Mergers -Acquisitions

Trendy - Glamorous


Select The Blank
Question
A consultant should have ________ of travel ________ the globe.
Correct Answer
tenacity, across

Select The Blank
Question
________ the insurance ________ and forecasting Insurable population is must.
Correct Answer
Planning, product

Select The Blank
Question
________ is a ________ process
Correct Answer
Management, continuous

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