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Wednesday, October 28, 2009

Principles and Practices of Management - 21

 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

 

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