Management
Direction
From the following questions choose the appropriate answer.
Q. Management is the process of ____________ .
A) working with others in order to train and get the job done by others
B) working with others to achieve personal objectives
C) working with and through others in order to achieve organizational objectives
Explanation not available here. Let’s discuss.
D) get the work always done by subordinates according to instruction of superior
Discuss
Q. Who is the father of scientific management?
A) Henry Fayol
B) F W Taylor
Description not available. Let’s discuss.
C) Max Weber
D) Mary Parker
Discuss
Q. Which of the following is not an objective of management?
A) Positive growth of the organisation
B) Providing employment opportunity
C) Earning Profit
D) All of the above
Description not available. Let’s discuss.
Discuss
Q. Which of the following is the key aspect of Management Process?
A) Effectiveness and efficiency
Explanation not available here. Let’s discuss.
B) Diversification in work process.
C) Split the commanding arena.
D) Hard work and efficient work.
Discuss
Q. Which of the following is not a type of decision-making process?
A) Emotional decision-making process
Description not available. Let’s discuss
B) Intuitive decision-making process
C) Behavioral decision-making process
D) Rational decision-making process
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Q. What is considered a title deed in international trade?
A) Bill of loading
Description not available. Let’s discuss
B) Bill of Entry
C) Charter Party
D) Certificate
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Q. Who is the forerunner of Managerial Functional Approach?
A) Clark L Wilson
B) Henri Fayol
In 1916 French industrialist and writer Henri Fayol introduced five key points as managerial functions.
Functions are Planning, Organizing, Command, Coordination and Control.
Functions are Planning, Organizing, Command, Coordination and Control.
C) Mac Gregor
D) Paul A Samuelson
Discuss
Q. A franchise is a license to ______________ .
A) import product or services from overseas and use their brand name temporarily.
B) use only another company’s brand in exchange of money or rent as per agreement.
C) sell another company’s products as a wholesaler.
D) sell another company’s products and/or to use another company’s name in business.
Explanation not available here. Let’s discuss.
Discuss
Q. Which of the following type of business ensures maximum control?
A) Licensing
B) Joint Venture
C) Franchise
Explanation not available here. Let’s discuss.
D) Subsidiary Concern
Discuss
Q. Entrepreneurship, by definition, is the process by which individuals pursue opportunities without regard to ____________ .
A) scarce resources one has
B) demerits and opportunities
C) resources under one’s control
Explanation not available here. Let’s discuss.
D) resources required to initiate business.
Discuss
Q. Which of the following best describes the Contingency Approach in management?
A) Continuous improvement
B) Situational Management
The contingency approach is an effort to determine through research, which managerial practices are appropriate in specific situation.
C) Managerial Uniformity
D) Adopt innovative systems
Discuss
Q. ‘Glass Ceiling’ concept bars _________ from moving up in management hierarchy.
A) Midrange employees
B) White Collared officials
C) Women and minority
In 1980s this concept was very much popular to avoid overt inequality and discrimination.
D) Majority of the society
Discuss
Q. The three-step innovation process begins with which of the following?
A) Product Technology
B) Feasible study
C) Conceptualization of Idea
Conceptualization- when a new idea occurs to someone.
Product Technology-creating a product that will work as intended.
Production Technology-developing a production process.
Product Technology-creating a product that will work as intended.
Production Technology-developing a production process.
D) Gather necessary resources
Discuss
Q. What type of uncertainty is related to be unable to predict the consequences of a decision?
A) Effect
Explanation not available here. Let’s discuss.
B) Macro
C) Micro
D) Economic
Discuss
Q. Inability to predict the consequences of a managerial decision is which type of uncertainty?
A) State
B) Effect
C) Response
Explanation not available here. Let’s discuss.
D) Micro
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Q. A plan consists of which of the following two components?
A) Mission and an alternative plan
B) An estimated budget and overview
C) Vision and Management objective
D) Objective and an action statement
Explanation not available here. Let’s discuss.
Discuss
Q. Which plan is taken to prevent industrial accidents?
A) Detail plan
Explanation not available here. Let’s discuss.
B) Unitary plan
C) Short term plan
D) Long term plan
Discuss
Q. Which of the following best describes the term ‘Planning Horizon’?
A) Deviation between planning and implementation.
B) Time that elapses between formulation and execution of a plan.
Explanation not available here. Let’s discuss.
C) Blueprint of plan to be executed to cope with the mission and vision.
D) Implement the plan in segments and scrutinize thoroughly.
Discuss
Q. Which of the following is the alternative name of ‘Pareto Analysis’?
A) 90/90 Rule
B) 80/40 Rule
C) 80/20 Principle
Pareto principle asserts that a minority of causes, inputs or effort tend to produce a majority of results, outputs or rewards.
D) 30/60 Theory
Discuss
Q. __________ is the last step in the MBO Process.
A) Performance appraisal
Explanation not available here. Let’s discuss.
B) Setting objectives
C) Task analysis
D) Developing action plan
Discuss
Q. What does the term ‘Synergy’ refer to?
A) 1+1=3 effect
Explanation not available here. Let’s discuss.
B) The multiplication effects
C) The additive effects
D) 1+1=2 effect
Discuss
Q. What is the purpose of SWOT analysis?
A) Strategy formulation
Explanation not available here. Let’s discuss.
B) Setting goal
C) Control
D) Task splitting
Discuss
Q. The ‘O’ in a SWOT analysis stands for _________ .
A) Optimum
B) Opposition
C) Opportunities
SWOT:
S-Strengths
W-Weaknesses
O-Opportunities
T-Threats
S-Strengths
W-Weaknesses
O-Opportunities
T-Threats
D) Opprobrium
Discuss
Q. According to which principle the role of management in decision making is reduced?
A) Decentralization
B) Unity is power
C) Equity
D) Centralization
Explanation not available here. Let’s discuss.
Discuss
Q. The most important skill of top level management is ____________ .
A) Technological
B) Methodical
C) Conceptual
Explanation not available here. Let’s discuss.
D) Theoretical
Discuss
Q. Who is the father of ‘Z Theory’ of motivation?
A) Abraham Maslow
B) Douglas McGregor
C) Henri Fayol
D) Dr. William Ouchi
Explanation not available here. Let’s discuss.
Discuss
Q. According to “Two Factor Theory” which of the following is the hygiene factor?
A) Achievement
B) Acknowledgement
C) Responsibility
D) Safety
Explanation not available here. Let’s discuss.
Discuss
Q. Which of the following doesn’t express itself as internal motivator?
A) Goal
B) Necessity
C) Attitude
D) Reaction
Explanation not available here. Let’s discuss.
Discuss
Q. What kind of revolution was the invention of scientific management?
A) Social revolution
B) Political revolution
C) Economical revolution
D) Psychological revolution
Explanation not available here. Let’s discuss.
Discuss
