Principles and Practices of Management - 1

True/False Question Management is always defined as dynamic, universal, everchanging 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

Principles and Practices of Management - 2

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

Multiple Choice Single Answer Question In addition to Place, Labor and Money which other internal environment Factor influences Management? Correct Answer Machines Your Answer Machines Multiple Choice Multiple Answer Question Name the physical aspects of an enterprise. Correct Answer Name , Location , Address Your Answer Name , Manpower , 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 Your Answer planning

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

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

Question Types of degree of delegations are: Correct Answer Low degree , Moderate degree , High degree Your Answer Low degree , Moderate degree , High degree True/False Question The unorganized sector is mainly concentrated in metropolitan cities. Correct Answer False Your Answer False True/False Question Learning organizations should imitate a task force. Correct Answer True Your Answer True Multiple Choice Single Answer Question Learning organizations must cope with challenge and Correct Answer uncertainty Your Answer uncertainty Select The Blank Question LPG stands for liberalization, ________ and globalization. Correct Answer Privatization Your Answer Privatization

Match The Following Question Correct Answer Your Answer Empathy It is a component of leadership due to the rapid pace of globalisation It is a component of leadership due to the rapid pace of globalisation Social effectiveness This component allows you to settle disputes amicably This component allows you to settle disputes amicably Alfred Bennet He is the father of intelligence quotient He is the father of intelligence quotient Daniel Goleman He is an American Behavioural Scientist 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 Your Answer CII , RBI , CMIE Multiple Choice Single Answer Question Management is not just a Correct Answer Process Your 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 Your Answer Consequentialism Select The Blank Question Events are occurrences designed for ________ interests. Correct Answer marketing Your Answer marketing Multiple Choice Single Answer Question Management is purposeful and what? Correct Answer Goal oriented Your Answer Goal oriented Multiple Choice Single Answer Question Management is the combination of Arts, Science and Correct Answer Profession Your Answer Profession Multiple Choice Single Answer Question Management is Correct Answer Multidisciplinary Your Answer Multidisciplinary

Select The Blank Question General Insurance corporation was nationalized in________. Correct Answer 1972 Your Answer 1972 True/False Question Planning and control are closely interrelated and they do not determine the accuracy of decision-making. Correct Answer False Your Answer False True/False Question There are three central ideas associated with consequentialism. Correct Answer False Your Answer False Multiple Choice Single Answer Question Name one of the factors that govern the span of management. Correct Answer Type of work Your 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 Your 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 Your Answer Assimilated True/False Question Peter Drucker various publications have sold about 5 -6 million copies worldwide. Correct Answer True Your Answer True Select The Blank Question Latest approach signifies organization has a part of ________ system. Correct Answer Social Your 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 Your 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 Your Answer second largest employer after agriculture Select The Blank Question ________organizations have systems, mechanisms and processes in place. Correct Answer Learning Your Answer Learning True/False Question Indian business families are still avoiding joint ventures and tieups. Correct Answer False Your Answer False Select The Blank Question Under the principles of effective delegation, it is said that never delegate and ________. Correct Answer Disappear Your Answer Disappear True/False Question In principle the chairman and the CGO have the same role to play.

Correct Answer False Your Answer True 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 Your 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 Your 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 Your Answer Definable group of competitors

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

Hierarchy Your 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 Your Answer Strategy Select The Blank Question ________ is the ability to sense, understand and effectively apply emotion. Correct Answer Emotional Intelligence Your Answer Emotional Quotient Multiple Choice Single Answer Question Who built the first practical mechanical calculator and predicted the specialization of mental work? Correct Answer Charles Babbage Your Answer Charles Babbage Match The Following Question Correct Answer Your Answer Management and Leadership studies Value based management Swami Budhananda Maharshi Institute of Management Eighteen centres in India and Abroad Eighteen centres in India and Abroad

Amritanandamayi Math's centre Dr. S.K. Chakraborty Value based management Indian Vedanta Philosophy Swami Budhananda Dr. S.K. Chakraborty Multiple Choice Multiple Answer Question Some of the public insurance companies are Correct Answer LIC , Oriental Insurance , General Insurance Your 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 Your Answer True Select The Blank Question Brands are associated with lifestyles and people's________. Correct Answer aspirations Your Answer aspirations Multiple Choice Single Answer Question Management is Correct Answer Creative Your Answer Creative

Principles and Practices of Management - 3

Multiple Choice Multiple Answer Question The external environmental factors that influence management are Correct Answer Economic , Political , Technological Your Answer Economic , Political , Technological True/False Question Event management has to pay only entertainment tax not the service tax. Correct Answer False Your Answer False Multiple Choice Single Answer Question Name the service which has two prime necessities like co-ordination and infiltration. Correct Answer Staff Your 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 Your Answer Organisational Multiple Choice Single Answer Question Successful consultants should promote their consultancy through what ? Correct Answer Network

Your Answer Network True/False Question Decision-Making is a process of making a choice of poor alternatives. Correct Answer False Your Answer False Select The Blank Question MBO was invented by ________. Correct Answer Peter Drucker Your Answer Peter Drucker Multiple Choice Single Answer Question Profession requires definite period of what? Correct Answer Learning Your Answer Practice 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 , Overconfidence among managers Your Answer Lack of trust in subordinates , Prompt decision making , Over-confidence among managers Multiple Choice Single Answer Question Organization is apart of which type of system? Correct Answer

Social Your Answer Scientific Multiple Choice Multiple Answer Question David C Mc Celland identified three motives those are Correct Answer Affiliation , Power , Achievement Your Answer Affiliation , Power , Achievement Multiple Choice Multiple Answer Question International consultancy is said to be Correct Answer Glamorous , Challenging , Trendy Your Answer Glamorous , Challenging , Reliant Select The Blank Question Failure to give ________ to goal setters is a weakness of MBO. Correct Answer guidelines Your Answer guidelines True/False Question Management is the combination of Arts,Science and Profession. Correct Answer True Your Answer True Select The Blank Question Under the types of motivators, non-financial motivators are encouragement, freedom ________. Correct Answer

recognition Your Answer recognition Multiple Choice Single Answer Question Who said, the heart of administration is the directing function. Correct Answer Dimock Your 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 Your Answer False 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 Your 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 Your Answer non-perishable Select The Blank Question The process of control is complete only when the organisation take ________ action. Correct Answer corrective Your Answer effective Multiple Choice Multiple Answer Question The factors coming under philosophy of scientific management are: Correct Answer Co-operation , Maximum output , Harmony Your 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 Your Answer Entrepreneur Multiple Choice Multiple Answer Question The activities of the communicator while communicating a message will include, Correct Answer ideation , encoding , transmission Your Answer encoding , response , transmission Multiple Choice Multiple Answer Question

Features of Management are as follows Correct Answer goal oriented , universal , continuous process Your 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 Your 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 Your Answer Management True/False Question Management as a discipline needs certificate of practice. Correct Answer False Your Answer False Multiple Choice Multiple Answer Question For most hi-tech service industries the major components are Correct Answer Infrastructure , Knowledge , labour Your Answer Infrastructure , Knowledge , Information technology Match The Following

Question Correct Answer Your Answer Management Creative Dynamic Professional Manager Dynamic Profession Art Skill Science Code of Conduct Profession Creative Predictive Power Science Skill True/False Question Science is a body of organized knowledge Correct Answer True Your Answer True Select The Blank Question A superior should always establish a ________ control so that his subordinates report to him periodically. Correct Answer Feedback Your Answer Appropriate Multiple Choice Single Answer Question It is said that communication is a meaningful Correct Answer interaction

Your 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 Your Answer Losses Multiple Choice Single Answer Question Management exists at which levels of the organization? Correct Answer All Your Answer All True/False Question The Indian consumer does not see shopping as an end in itself. Correct Answer False Your Answer True True/False Question Retailers cannot just take their global retailing formats and try to transpose them onto the India scenario. Correct Answer True Your 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 Your 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 Your Answer Focus on strategic points True/False Question Profession needs certificate of practice Correct Answer True Your Answer False True/False Question 'Span of control' is also referred to as span of management. Correct Answer True Your Answer True True/False Question Learning from mistakes is often more powerful than learning from success. Correct Answer True Your 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 Your 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 Your Answer Semantic barrier True/False Question The theory of Bureaucracy was first propounded by Henry L.Gantt. Correct Answer False Your Answer True Match The Following Question Correct Answer Your Answer Making sense of situations organizing information and thoughts organizing information and thoughts Creativity brainstorming, associating ideas embedding new knowledge into mental models Inquiry interviewing, seeking information interviewing, seeking information Making choices deciding courses of actions deciding courses of actions

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