Principles and Practices of Management

Question Paper – 1
LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Multiple Choice Multiple Answer

Question Name the factors determining decentralization of authority.

Correct Answer Size of the organization , Uniformity of policy , History of the enterprise

Your Answer Size of the organization , Uniformity of policy , History of the enterprise

Multiple Choice Single Answer

Question What hampers organisational communication ?

Correct Answer Barrier

Your Answer Fear

Multiple Choice Multiple Answer

Question The different types of motivators would be

Correct Answer Positive , External , Financial

Your Answer Parallel , External , Financial

True/False
Question Professional management signifies separation of ownership and
management.
Correct Answer True

Your Answer True

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

Your Answer True

True/False
Question EQ was first brought to attention Benott Simon.

Correct Answer False

Your Answer False

Select The Blank

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 Principles and Practices of Management

Question Positive motivation makes people willing to do their work in the best
way they can and improve their ________.
Correct Answer performance

Your Answer productivity

Multiple Choice Multiple Answer

Question Organizing is defined in different ways, viz.

Correct Answer Process , Relationship , Corporate citizen

Your Answer Process , Relationship , Corporate citizen

Select The Blank

Question Chesterd Bernard developed a theory of organization and ________
functions.
Correct Answer Executive

Your Answer Executive

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 Leader

Your Answer Entrepreneur

Select The Blank

Question The scope for retailing in India is great as it is dominated by
the________.
Correct Answer unorganized sector

Your Answer unorganized sector

True/False
Question Standard Batteries is a flagship company of the Thapar Group.

Correct Answer False

Your Answer True

Select The Blank

Question ________, weakness, threats, opportunities are the long form SWOT
analysis.
Correct Answer strength

Your Answer strength

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 Principles and Practices of Management

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 demands of the customer , people and
their resources

Select The Blank

Question Many large corporations consist of a number of SBU's. Each SBU will
have its own ________.
Correct Answer CEO

Your Answer Director

Multiple Choice Multiple Answer

Question The objectives in corporate governance are

Correct Answer growth , stability , shareholders value maximization

Your Answer growth , stability , shareholders value maximization

Select The Blank

Question ________means that private and foreign investors can participate in the
Indian Insurance Sector.
Correct Answer Liberalization

Your Answer Liberalization

Multiple Choice Multiple Answer

Question The defination of decision involves following characteristics

Correct Answer Involves Rationality , Involves Commitment , Involves Mental Process

Your Answer Involves Commitment , Involves Mental Process , Involves Employees

Multiple Choice Single Answer

Question Name the specialization where the economists consider necessary for
efficiency in the use of labour.
Correct Answer Division of work

Your Answer Division of manpower

Multiple Choice Single Answer

Question Today's business is rife with ambiquity and changes what is important
for competition.

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 Principles and Practices of Management

Correct Answer Self regulation

Your Answer Self motivation

Match The Following

Question Correct Answer Your Answer

Service sector is not licensing system Failure to sustain an

influenced by this system
Functional management
challenges
Corporatization of services
Reason for expansion of
service sector
advantage in manufacturing
activities
Management accounting and Management accounting and
taxation taxation
Accountants This influences the service
sector
Failure to sustain an The service sector dominates
advantage in manufacturing the Indian economy
activities

Multiple Choice Single Answer

Question Name the industrial activity where 'Buying, selling and exchanging takes
place'.
Correct Answer Commercial

Your Answer Commercial

Select The Blank

Question Individuals are encouraged to develop________,to speak out, to
challenge actions.
Correct Answer ideas

Your Answer ideas

Multiple Choice Multiple Answer

Question The functions of the board of directors are

Correct Answer succession planning , establishing performance standards , determination

of board policies
Your Answer succession planning , establishing performance standards , determination
of board policies

Multiple Choice Multiple Answer

Question The meaning and purpose of control is

Correct Answer knowing exactly what work is to be done , knowing that the work has
been done or being done , knowing immediately of any delays, hold ups
Your Answer knowing exactly what work is to be done , knowing that the work has
been done or being done , knowing immediately of any delays, hold ups

Select The Blank

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 Principles and Practices of Management

Question Advantage of delegation of authority results in prompt ________.

Correct Answer Decision-making

Your Answer Decision-making

True/False
Question Decentralization would be preferred in large sized units.

Correct Answer True

Your Answer True

Multiple Choice Multiple Answer

Question The different A's of the service sector are

Correct Answer affordability , awareness , availability

Your Answer affordability , awareness , availability

Multiple Choice Multiple Answer

Question Name the physical aspects of an enterprise.

Correct Answer Name , Location , Address

Your Answer Manpower , Location , Address

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 Which segment of event management has the potential to gross the
largest in India?
Correct Answer Live entertainment

Your Answer Live entertainment

Multiple Choice Multiple Answer

Question The components of competitive analysis are :

Correct Answer Future goals , Current strategy , Capabilities

Your Answer Current strategy , Switching costs , Capabilities

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 Principles and Practices of Management

True/False
Question "Measuring Intellectual Capital" is one of the examples of performance
measurement.
Correct Answer True

Your Answer False

Multiple Choice Single Answer

Question What should be clarified in the initial steps of delegation process?

Correct Answer Assignment

Your Answer Assignment

Multiple Choice Single Answer

Question State the barriers to delegation of authority?

Correct Answer Over-confidence

Your Answer Over-confidence

True/False
Question Communication in industry is a phase both of organisation and moral
building.
Correct Answer True

Your Answer True

Multiple Choice Single Answer

Question Name the group of related businesses that can be taken for the sake of
strategic planning, distinct from the rest of the businesses
Correct Answer strategic business units

Your Answer corporation units

Multiple Choice Multiple Answer

Question RBI's present report on currency and finance divides the sector into

Correct Answer consumer services , Govt. services , producer services

Your Answer consumer services , Govt. services , ) transportation services

True/False
Question Learning organizations should be adaptive to their internal environment.

Correct Answer False

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 Principles and Practices of Management

Your Answer True

Multiple Choice Single Answer

Question Which of the following is not an area of operation of event management?

Correct Answer banking

Your Answer banking

Select The Blank

Question The concept of corporate governance has been attracting________in
India.
Correct Answer public attention

Your Answer public attention

Select The Blank

Question High morale is likely to be associated with superior motivation and low
morale with ________, and a lack of drive.
Correct Answer frustration

Your Answer frustration

True/False
Question Planning can eliminate risk, but can not minimize it.

Correct Answer False

Your Answer False

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 closeness

Select The Blank

Question Physical needs are at the base of the hierarchy theory of motivation while
self actualisation needs are at the ________.
Correct Answer apex

Your Answer second level

Match The Following

Question Correct Answer Your Answer

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 Principles and Practices of Management

Henry Fayol Referred to as 'The father of Referred to as 'The father of

Federick W.Taylor
Vilfredo Pareto
modern management theory'
Referred to as 'The father of
scientific management'
Referred to as 'The father of
the social systems approach'
to organization and
management
modern management theory'
Referred to as 'The father of
scientific management'
Referred to as 'The father of
the social systems approach' to
organization and management

46. What type of planning Indian business families are doing

a)
Forward
b) Family

c) Succession – Correct Answer

Joint
d)

47. In addition to Place, Labor and Money which other internal environment Factor influences
Management?

a)
Technology
b) Machines – Correct Answer

c) Scientists

Professionals
d)

48. Science is a body of which type of Knowledge?

a)
Assimilated
b) Organized – Correct Answer

c) Superior

Specific
d)

49. Management is purposeful and what?

a)
Objective
b) Progressive

c) Goal oriented – Correct Answer

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 Principles and Practices of Management

d)
Universal
50. Management exists at which levels of the organization?
a)
Top
b) Bottom

c) Decision-making

All – Correct Answer

d)

51. Profession requires definite period of what?

a)
Practice
b) Discipline

c) Understanding

Learning – Correct Answer

d)

52. Professional managers help organizations in chalking out which type of strategies?

a)
Multidisciplinary
b) Competitive

c) Corporate – Correct Answer

Academic
d)

53. Features of Management are as follows

a)
goal oriented
b) universal

c) continuous process

non-continuous process
d)

54. Management is multidisciplinary, it includes knowledge/ information from

a)
economics
b) maths

c) physiology

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 Principles and Practices of Management

psychology
d)

55. The internal environment factors that influence management are

a)
labour
b) climatic

c) machines

place
d)

56. The external environmental factors that influence management are

a)
economic changes
b) political

c) technological

money
d)

Question Paper – 2

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Multiple Choice Single Answer

Question Who said, “Management is management of Men, Money, Machinery
Materials and Information?”

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 Principles and Practices of Management

Correct Answer Anonymous

Your Answer Anonymous

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

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

Multiple Choice Single Answer

Question One of the internal environment factors that influences management is
Correct Answer Place
Your Answer Place

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 Management is
Correct Answer Creative
Your Answer Creative

Multiple Choice Single Answer

Question Management is the combination of Arts, Science and
Correct Answer Profession
Your Answer Profession

Select The Blank

Question The word________denotes a function, a task, a discipline.
Correct Answer management
Your Answer decision

Multiple Choice Multiple Answer

Question Name the various characteristics of science
Correct Answer organized knowledge , cause and effect relationship , predictive
power
Your Answer organized knowledge , cause and effect relationship , predictive power

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 Principles and Practices of Management

True/False
Question Service sector in India dominates half of our national income.
Correct Answer True
Your Answer False

True/False
Question Important ingredients of the service industry are labour and knowledge.
Correct Answer True
Your Answer True

Multiple Choice Single Answer

Question The forms of companies in the service sector in our new economy are
essentially
Correct Answer Information communicating and entertainment co's (ICE's)
Your Answer Information communicating and entertainment co's (ICE's)

Multiple Choice Single Answer

Question What percentage does the organized sector within the retailing sector
represent?
Correct Answer just 2%
Your Answer just 2%

Multiple Choice Multiple Answer

Question What are the common challenges faced by the retail business?
Correct Answer Special mindset to develop special strategies , Coping with the
change
Your Answer The cultural aspect , Special mindset to develop special strategies ,
Coping with the change

Multiple Choice Single Answer

Question What is sold when an insurance policy is sold?
Correct Answer Promise
Your Answer Promise

Match The Following

Question Correct Answer Your Answer

Self-regulation enabler audit self-regulated co.

Postal ballot system shareholders audit

Markets notice well managed companies shareholders

Continuous communication motivates people motivates people

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 Principles and Practices of Management

True/False
Question Insider trading issue is an important aspect of corporate governance.
Correct Answer True
Your Answer True

Multiple Choice Multiple Answer

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

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

Multiple Choice Multiple Answer

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

True/False
Question Emotional distress shrinks working memory.
Correct Answer True
Your Answer True

Multiple Choice Multiple Answer

Question Under mechanism of scientific management, scientific task setting includes :
Correct Answer Time study , Motion study , Method study
Your Answer Time study , Harmony study , Method study

Multiple Choice Multiple Answer

Question Name the books on management written by Peter Drucker.
Correct Answer Frontiers of Management , The practice of management ,
Management, tasks, responsibility
Your Answer Drucker on Asia , Frontiers of Management , The practice of
management , Management, tasks, responsibility

Multiple Choice Single Answer

Question Who is the 'founder of Human Relation'?
Correct Answer Elton Mayo
Your Answer Elton Mayo

Multiple Choice Single Answer

Question Name the specialization where the economists consider necessary for
efficiency in the use of labour.

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 Principles and Practices of Management

Correct Answer Division of work

Your Answer Division of work

Match The Following

Question Correct Answer Your Answer

Henry Fayol Referred to as 'The father of modern management theory' Referred to as

'The father of modern management theory'

Federick W.Taylor Referred to as 'The father of scientific management' Referred to as

'The father of scientific management'

Vilfredo Pareto Referred to as 'The father of the social systems approach' to organization
and management Referred to as 'The father of the social systems approach' to
organization and management

W.Edward Deming Introduced quality control in Japan Introduced quality control in

Japan

Multiple Choice Single Answer

Question The person who does not limit the interactions and decisions just to logical
approach, but continuously encourages his team members to think non-logically is
Correct Answer Leader
Your Answer Leader

True/False
Question Gita has nothing to do with leadership in management
Correct Answer False
Your Answer False

Multiple Choice Single Answer

Question What is lacking in Indian business companies management ?
Correct Answer Professionalism
Your Answer Globalisation

Multiple Choice Multiple Answer

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

Select The Blank

Question If you don't know what you want to achieve, don't call in the ________.
Correct Answer Consultant
Your Answer Consultant

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 Principles and Practices of Management

Select The Blank

Question Business ________ is the calculation of probable events to provide against
future.
Correct Answer forecasting
Your Answer controlling

Multiple Choice Multiple Answer

Question Name the following topics that gives an idea about the concept of organizing.
Correct Answer Decentralization , Staffing process , Span of management
Your Answer Staffing process , Span of management , Planning, co-ordinating

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
Your Answer Lack of trust in subordinates , Fear of loosing status by managers , Over-
confidence among managers

Select The Blank

Question Latest approach signifies organization has a part of ________ system.
Correct Answer Social
Your Answer Social

Multiple Choice Single Answer

Question What should be kept open for effective delegation?
Correct Answer Communication
Your Answer Communication

Multiple Choice Single Answer

Question What is the set-up of an organization?
Correct Answer Relationships
Your Answer Relationships

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

True/False
Question Delegation and decentralization are closely related to each other.
Correct Answer True
Your Answer True

True/False
Question Decentralization would be preferred in large sized units.
Correct Answer True

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 Principles and Practices of Management

Your Answer True

Select The Blank

Question ________ behaviour is obtained when there is a one-way transmission of
orders from superior to subordinates.
Correct Answer Linear
Your Answer Dominating

Select The Blank

Question Managerial function of control is the ________ and correction of
performance of various activities.
Correct Answer measurement
Your Answer measurement

Multiple Choice Single Answer

Question What is possible to enforce among workers when morale is high and when
they are given participating opportunities
Correct Answer Self-discipline
Your Answer Self-controlling

Multiple Choice Multiple Answer

Question The different types of motivators would be
Correct Answer Positive , External , Financial
Your Answer Positive , External , Financial

True/False
Question Morale is the sum total of various physical qualities.
Correct Answer False
Your Answer False

Select The Blank

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

Select The Blank

Question Physical needs are at the base of the hierarchy theory of motivation while self
actualisation needs are at the ________.
Correct Answer apex
Your Answer apex

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