Principles and Practices of Management 8

Principles and Practices of Management - 23

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


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
Name the physical aspects of an enterprise.
Correct Answer
Name , Location , Address


Multiple Choice Single Answer
Question
What is it that in communication should not be done in vacuum, instead other
people should be consulted.
Correct Answer
planning


Multiple Choice Multiple Answer
Question
Certain important motivational techniques are
Correct Answer
Monetary incentives , Job-based techniques , MBO techniques


Multiple Choice Multiple Answer
Question
The concept of SBU includes
Correct Answer
unrelated products and businesses that are separated , the fact that each SBU has its own CEO , a scientific method of grouping the business
True/False
Question
Decision-making is a primary part of the managerial process.
Correct Answer
True

Multiple Choice Single Answer
Question
Of which type of knowledge is science a body of?
Correct Answer
Organized

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


True/False
Question
The unorganized sector is mainly concentrated in metropolitan cities.
Correct Answer
False


True/False
Question
Learning organizations should imitate a task force.
Correct Answer
True

Multiple Choice Single Answer
Question
Learning organizations must cope with challenge and
Correct Answer
uncertainty

Select The Blank
Question
LPG stands for liberalization, ________ and globalization.
Correct Answer
Privatization

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 Multiple Answer
Question
Every company undertakes the process of forecasting by various competent
authorities which can be listed as
Correct Answer
CII , RBI , CMIE

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

Select The Blank
Question
The concept of value and the concept of maximization of value are related
to________concept of Ethics.
Correct Answer
Consequentialism

Select The Blank
Question
Events are occurrences designed for ________ interests.
Correct Answer
marketing


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

Multiple Choice Single Answer
Question
Management is the combination of Arts, Science and
Correct Answer
Profession

Multiple Choice Single Answer
Question
Management is
Correct Answer
Multidisciplinary

Select The Blank
Question
General Insurance corporation was nationalized in________.
Correct Answer
1972

True/False
Question
Planning and control are closely interrelated and they do not determine the
accuracy of decision-making.
Correct Answer
False

True/False
Question
There are three central ideas associated with consequentialism.
Correct Answer
False

Multiple Choice Single Answer
Question
Name one of the factors that govern the span of management.
Correct Answer
Type of work


Multiple Choice Multiple Answer
Question
Retailing categories based on ownership arrangement would be
Correct Answer
Super Markets , Consumer Durables Stores , Departmental Stores

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

True/False
Question
Peter Drucker various publications have sold about 5 -6 million copies
worldwide.
Correct Answer
True

Select The Blank
Question
Latest approach signifies organization has a part of ________ system.
Correct Answer
Social

Select The Blank
Question
Necessity of control in business organisation arises due to number of
factors, one of which is ________ of organisations themselves.
Correct Answer
complexity

Multiple Choice Single Answer
Question
Which of the options best describes the employment capacity of the retailing
sector? It is the
Correct Answer
second largest employer after agriculture




Select The Blank
Question
________organizations have systems, mechanisms and processes in place.
Correct Answer
Learning


True/False
Question
Indian business families are still avoiding joint ventures and tie-ups.
Correct Answer
False


Select The Blank
Question
Under the principles of effective delegation, it is said that never delegate
and ________.
Correct Answer
Disappear

True/False
Question
In principle the chairman and the CGO have the same role to play.
Correct Answer
False

True/False
Question
Valency is the extent to which the outcome of the activity and its success matters to the individual . (Level of motivation = Valency x Expectancy)
Correct Answer
True


Multiple Choice Multiple Answer
Question
Advantages of delegation of authority would be:
Correct Answer
Prompt decision making , Opportunity to subordinates to grow and develop ,Satisfaction to subordinates in terms of recognition



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 Single Answer
Question
What does Maslow propound about the five needs ?
Correct Answer
Hierarchy

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


Select The Blank
Question
________ is the ability to sense, understand and effectively apply emotion.
Correct Answer
Emotional Intelligence

Multiple Choice Single Answer
Question
Who built the first practical mechanical calculator and predicted the specialization of mental work?
Correct Answer
Charles Babbage

Match The Following
Question
Correct Answer

Management and Leadership studies -Value based management

Maharshi Institute of Management - Eighteen centres in India and Abroad

Amritanandamayi Math's centre - Dr. S.K. Chakraborty

Indian Vedanta Philosophy - Swami Budhananda


Multiple Choice Multiple Answer
Question
Some of the public insurance companies are
Correct Answer
LIC , Oriental Insurance , General Insurance


True/False
Question
Focus on savings and high bargaining interests of the consumer is an obstacle in retail development in India.
Correct Answer
True


Select The Blank
Question
Brands are associated with lifestyles and people's________.
Correct Answer
aspirations

Multiple Choice Single Answer
Question
Management is
Correct Answer
Creative


Principles and Practices of Management - 22

Multiple Choice Multiple Answer
Question
The external environmental factors that influence management are
Correct Answer
Economic , Political , Technological


True/False
Question
Event management has to pay only entertainment tax not the service tax.
Correct Answer
False


Multiple Choice Single Answer
Question
Name the service which has two prime necessities like co-ordination and
infiltration.
Correct Answer
Staff


Select The Blank
Question
________ decisions relate to the day to day operations of the enterprise
generally taken by middle and lower level management.
Correct Answer
Operative


Multiple Choice Single Answer
Question
Successful consultants should promote their consultancy through what ?
Correct Answer
Network


True/False
Question
Decision-Making is a process of making a choice of poor alternatives.
Correct Answer
False


Select The Blank
Question
MBO was invented by ________.
Correct Answer
Peter Drucker


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


Multiple Choice Multiple Answer
Question
Barriers to delegation of authority would be :
Correct Answer
Lack of trust in subordinates , Fear of loosing status by managers , Over-confidence among managers


Multiple Choice Single Answer
Question
Organization is apart of which type of system?
Correct Answer
Social


Multiple Choice Multiple Answer
Question
David C Mc Celland identified three motives those are
Correct Answer
Affiliation , Power , Achievement


Multiple Choice Multiple Answer
Question
International consultancy is said to be
Correct Answer
Glamorous , Challenging , Trendy


Select The Blank
Question
Failure to give ________ to goal setters is a weakness of MBO.
Correct Answer
guidelines


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


Select The Blank
Question
Under the types of motivators, non-financial motivators are encouragement,
freedom ________.
Correct Answer
recognition


Multiple Choice Single Answer
Question
Who said, the heart of administration is the directing function.
Correct Answer
Dimock


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

True/False
Question
Communication is a composite (a) information given and received (b) a
listening effort by some of them involved.
Correct Answer
False
Your Answer
True


Multiple Choice Multiple Answer
Question
A vision statement should have the following components
Correct Answer
ability to inspire people , achievable , precise and objective


Multiple Choice Single Answer
Question
One of the key features of services is that they are
Correct Answer
intangible


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


Multiple Choice Multiple Answer
Question
The factors coming under philosophy of scientific management are:
Correct Answer
Co-operation , Maximum output , Harmony


Multiple Choice Single Answer
Question
Who is the most effective person are alike in one crucial way, they all have
a high degree of emotional intelligence.
Correct Answer
Entrepreneur


Multiple Choice Multiple Answer
Question
The activities of the communicator while communicating a message will
include,
Correct Answer
ideation , encoding , transmission
Multiple Choice Multiple Answer
Question
Features of Management are as follows
Correct Answer
goal oriented , universal , continuous process


Multiple Choice Single Answer
Question
Professional managers help organizations in chalking out which type of
strategies?
Correct Answer
Corporate


Select The Blank
Question
________provides a corporate responsibility and it is the application of a
proven and systematic body of knowledge.
Correct Answer
Profession

True/False
Question
Management as a discipline needs certificate of practice.
Correct Answer
False


Multiple Choice Multiple Answer
Question
For most hi-tech service industries the major components are
Correct Answer
Infrastructure , Knowledge , labour

Match The Following
Question
Correct Answer

Management -Creative

Professional Manager - Dynamic

Art -Skill

Code of Conduct -Profession

Predictive Power - Science



True/False
Question
Science is a body of organized knowledge
Correct Answer
True


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


Multiple Choice Single Answer
Question
It is said that communication is a meaningful
Correct Answer
interaction
Multiple Choice Single Answer
Question
What does the insurance company compensate for if and when the event insured
against an incident occurs?
Correct Answer
Losses



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


True/False
Question
The Indian consumer does not see shopping as an end in itself.
Correct Answer
False


True/False
Question
Retailers cannot just take their global retailing formats and try to transpose them onto the India scenario.
Correct Answer
True


Multiple Choice Single Answer
Question
One of the factors which learning organizations possess is a climate of
openness and the other factor is
Correct Answer
trust


Multiple Choice Single Answer
Question
It is one of the good control system which not only points out the
deviations but also pinpoints them where they are important to its
operations is
Correct Answer
Focus on strategic points

True/False
Question
Profession needs certificate of practice
Correct Answer
True

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


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


Multiple Choice Single Answer
Question
The philosophy of Vedanta is compared to which animal in the dream of the person, who wakes the dreamer and makes you realise your self discovered
reality.
Correct Answer
Lion


Select The Blank
Question
The statement "We sell for Less" is deliberately ambiguous, it raises the
question; 'Less than what', this is called as, ________ to communication.
Correct Answer
Semantic barrier


True/False
Question
The theory of Bureaucracy was first propounded by Henry L.Gantt.
Correct Answer
False



Match The Following
Question
Correct Answer

Making sense of situations - organizing information and thoughts

Creativity - brainstorming, associating ideas

Inquiry - interviewing, seeking information

Making choices - deciding courses of actions



Select The Blank
Question
Learning from mistakes is often more powerful than learning from________.
Correct Answer
Success