Principles and Practices of Management

Principles and Practices of Management - 1

True/FalseQuestion Management is always defined as dynamic, universal, ever-changing subject.Correct Answer TrueYour Answer True

True/FalseQuestion A budget as a plan of statement of expected results is expressed in numerical terms.Correct Answer TrueYour Answer False

Multiple Choice Multiple AnswerQuestion Name the leading event management companies in India

Correct Answer Midas , Pinnacle , WizcraftYour Answer Midas , Pinnacle , Wizcraft

Multiple Choice Single AnswerQuestion Who said, “Management is management of Men, Money, Machinery Materials and Information?”Correct Answer AnonymousYour Answer Anonymous

Multiple Choice Multiple AnswerQuestion A procedure has the following advantages

http://scdlpapers.blogspot.in/2008/03/principles-and-practices-of-management.html


Correct Answer ensures uniformity of action , increases co-ordination , provides good standard for the manageYour Answer ensures uniformity of action , increases co-ordination , provides good standard for the manage

Multiple Choice Single AnswerQuestion 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 MoraleYour Answer Co-ordination

Match The FollowingQuestionCorrect AnswerYour AnswerDisclosurestransparenttransparentShareholder democracymyth in Indiamyth in IndiaPlanningboard of directorsinvest time and effortsTrustcorporate governancefunction of board

Select The BlankQuestion The retailing sector in India has been quite________.Correct Answer staid and boring

Your Answer staid and boring

Multiple Choice Single AnswerQuestion India has been experiencing the unique stranglehold of our_____Correct Answer traditional kirana storesYour Answer traditional kirana stores

Multiple Choice Single AnswerQuestion Emotional Quotient increases with age commonly known asCorrect Answer maturityYour Answer maturity

Select The BlankQuestion The service sector has expanded because of the virtual stagnation of the________sector.Correct Answer agriculturalYour Answer agricultural

Multiple Choice Single AnswerQuestion Span of management depends upon the ability of whom?Correct Answer EmployeesYour Answer Enterprise

Multiple Choice Single AnswerQuestion What would essentially shape the growth and future of any economy?Correct Answer

Adequate and quality corporate governanceYour Answer Adequate and quality corporate governance

Multiple Choice Single AnswerQuestion Who said, “Management is a multiple organ that manages a business, manages a manager and manages workers and work”?Correct Answer Peter DruckerYour Answer Peter Drucker

Select The BlankQuestion ________ means draw prior conclusions about the probables of production, sales, profits in the future, on the basis of research.Correct Answer ForecastingYour Answer Forecasting

Select The BlankQuestion Limitations of business planning is that it has been considered as time consuming and ________ device.Correct Answer expensiveYour Answer risk

Multiple Choice Multiple AnswerQuestion The family owned businesses like Tata and Birla, also face major fears likeCorrect Answer Right successor , Stumbling self-confidence , Lack of professional managementYour Answer Right successor , Stumbling self-confidence , Lack of professional management


Multiple Choice Single AnswerQuestion 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 grCorrect Answer Koontz & O ‘DonellYour Answer Koontz & O ‘Donell

Select The BlankQuestion Management as a discipline does not require any________of practice.Correct Answer certificateYour Answer certificate

Select The BlankQuestion ________is at the core of corporate governance.Correct Answer trustYour Answer trust

True/FalseQuestion Financial institutions should maintain a close relationship to seek a seat on the board.Correct Answer FalseYour Answer False

True/FalseQuestion Wrong medium of communication is a physical barrier.

Correct Answer FalseYour Answer False

Multiple Choice Single AnswerQuestion One of the internal environment factors that influences management isCorrect Answer PlaceYour Answer Place

Multiple Choice Multiple AnswerQuestion Services are defined as the art and science of managingCorrect Answer the expectations of others , the experiences of people , the demands of the customerYour Answer the expectations of others , the experiences of people

Multiple Choice Multiple AnswerQuestion Name the three important Generic Competitive Strategies.Correct Answer Overall cost leadership , Differential , FocusYour Answer Differential , Focus , Strategy

True/FalseQuestion Delegation and decentralization are closely related to each other.Correct Answer TrueYour 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 previousCorrect Answer planningYour Answer direction

True/FalseQuestion Morale is the sum total of various physical qualities.Correct Answer FalseYour Answer False

Select The BlankQuestion Direction is a ________ function performed by all the managers at all levels of the organisation.Correct Answer managerialYour Answer managerial

Multiple Choice Multiple AnswerQuestion Principles of effective delegation are:Correct Answer Train the subordinates , Reward delegation , Appropriate reporting systemYour Answer Train the subordinates , Appropriate reporting system

Select The BlankQuestion ________, weakness, threats, opportunities are the long form SWOT analysis.Correct Answer strengthYour Answer

Strength

Multiple Choice Multiple AnswerQuestion To be called an SBU, a business unit must meet specific criteria such asCorrect Answer having a definable group of competitors , having a mission similar to other SBUs , preparing its own integrated plansYour Answer having a definable group of competitors , having its own mission and goals , preparing its own integrated plans

Multiple Choice Multiple AnswerQuestion The family owned businesses like Tata and Birla, also face major fears likeCorrect Answer Right successor , Stumbling self confidence , Lack of professional managementYour Answer Right successor , Stumbling self confidence , Lack of professional management , Simplicity in restructuring

Match The FollowingQuestionCorrect AnswerYour AnswerAppley LManagement is management of people and not the direction of thingsManagement is management of people and not the direction of thingsDefinition of ManagementManagement is management of men, money, machinery,

materials and informationManagement is management of men, money, machinery, materials and informationKoontz and O'DonellManagement is the creation and maintenance of internal environment in an enterpriseManagement is the creation and maintenance of internal environment in an enterprisePeter DruckerManagement is a multi-purpose organ that manages a business, manages workers and workManagement is a multi-purpose organ that manages a business, manages workers and work

Select The BlankQuestion ________ are at a minimum where the morale is high.Correct Answer GrievancesYour Answer Grievances

True/FalseQuestion the heart of administration is the directing function.Correct Answer TrueYour Answer True

Multiple Choice Multiple AnswerQuestion Empathy is particularly important today as a component of leadership for the followingCorrect Answer rapid pace of globalisation , increasing use of teams , growing need to retain talentYour Answer rapid pace of globalisation , increasing use of teams , growing need to retain talent

Multiple Choice Multiple AnswerQuestion Name the flagship companies under the group of "Aditya Birla"Correct Answer Hindalco , Indo-Gulf Fertilizers , Birla CorporationYour Answer Hindalco

Multiple Choice Multiple AnswerQuestion Fredrick Winslow Taylor's Mechanism of scientific management includes,Correct Answer Scientific task setting , Planning task setting , Standardization of toolsYour Answer Scientific task setting , Planning task setting , Standardization of tools

Multiple Choice Multiple AnswerQuestion Future of Insurance sector would beCorrect Answer new players taking over the market , improved customer service , strong hold of nationalized playersYour Answer new players taking over the market , improved customer service , strong hold of nationalized players

Multiple Choice Single AnswerQuestion To which practice is the term "corporate governance" given?Correct Answer ManagementYour Answer Management

Multiple Choice Single AnswerQuestion 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 mentorYour Answer mentor

Select The BlankQuestion Govt. services comprise________, defence and social goods.Correct Answer public administrationYour Answer service sector

True/FalseQuestion Unity of command means that employees should receive orders from one superior only.Correct Answer TrueYour Answer True

True/FalseQuestion Posture' and Observance' are not included under the 'yogic' exercisesCorrect Answer FalseYour Answer False

Select The BlankQuestion Management is a creative and________process.Correct Answer

continuousYour Answer continuous

True/FalseQuestion Every manager in an organisation gives direction to his subordinates as a superior and receives direction as subordinate from his superior.Correct Answer TrueYour Answer True


Multiple Choice Single AnswerQuestion One of the external environment factors that influences Management isCorrect Answer LegalYour Answer Legal

Multiple Choice Single AnswerQuestion In addition to Place, Labor and Money which other internal environment Factor influences Management?Correct Answer MachinesYour Answer Machines

Multiple Choice Multiple AnswerQuestion Name the physical aspects of an enterprise.Correct Answer Name , Location , AddressYour Answer Name , Manpower , Address

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

Multiple Choice Multiple Answer

http://scdlpapers.blogspot.in/2008/03/principles-and-practices-of-management_12.html

Question Certain important motivational techniques areCorrect Answer Monetary incentives , Job-based techniques , MBO techniquesYour Answer Security technique , Monetary incentives , MBO techniques

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

Multiple Choice Single AnswerQuestion Of which type of knowledge is science a body of?Correct Answer OrganizedYour Answer Assimilated

Multiple Choice Multiple AnswerQuestion

Types of degree of delegations are:Correct Answer Low degree , Moderate degree , High degreeYour Answer Low degree , Moderate degree , High degree

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

True/FalseQuestion Learning organizations should imitate a task force.Correct Answer TrueYour Answer True

Multiple Choice Single AnswerQuestion Learning organizations must cope with challenge andCorrect Answer uncertaintyYour Answer uncertainty

Select The BlankQuestion LPG stands for liberalization, ________ and globalization.Correct Answer PrivatizationYour Answer Privatization

Match The FollowingQuestionCorrect AnswerYour AnswerEmpathyIt is a component of leadership due to the rapid pace of globalisationIt is a component of leadership due to the rapid pace of globalisationSocial effectivenessThis component allows you to settle disputes amicablyThis component allows you to settle disputes amicablyAlfred BennetHe is the father of intelligence quotientHe is the father of intelligence quotientDaniel GolemanHe is an American Behavioural ScientistHe is an American Behavioural Scientist

Multiple Choice Multiple AnswerQuestion Every company undertakes the process of forecasting by various competent authorities which can be listed asCorrect Answer CII , RBI , CMIEYour Answer CII , RBI , CMIE

Multiple Choice Single AnswerQuestion Management is not just aCorrect Answer ProcessYour 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 ConsequentialismYour Answer Consequentialism

Select The BlankQuestion Events are occurrences designed for ________ interests.Correct Answer marketingYour Answer marketing

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

Multiple Choice Single AnswerQuestion Management is the combination of Arts, Science andCorrect Answer ProfessionYour Answer Profession

Multiple Choice Single AnswerQuestion Management isCorrect Answer MultidisciplinaryYour Answer Multidisciplinary

Select The Blank

Question General Insurance corporation was nationalized in________.Correct Answer 1972Your Answer 1972

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

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

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

Multiple Choice Multiple AnswerQuestion Retailing categories based on ownership arrangement would beCorrect Answer

Super Markets , Consumer Durables Stores , Departmental StoresYour Answer Super Markets , Consumer Durables Stores , Departmental Stores

Multiple Choice Single AnswerQuestion Science is a body of which type of Knowledge?Correct Answer OrganizedYour Answer Assimilated

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

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

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


Question Which of the options best describes the employment capacity of the retailing sector? It is theCorrect Answer second largest employer after agricultureYour Answer second largest employer after agricultureSelect The BlankQuestion ________organizations have systems, mechanisms and processes in place.Correct Answer LearningYour Answer Learning

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

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

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

True

True/FalseQuestion 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 TrueYour Answer True

Multiple Choice Multiple AnswerQuestion 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 recognitionYour Answer Prompt decision making , Opportunity to subordinates to grow and develop , Satisfaction to subordinates in terms of recognition

Multiple Choice Single AnswerQuestion A business unit must meet specific criteria, if it wants to be called an SBU. These areCorrect Answer Definable group of competitorsYour Answer Definable group of competitors

Multiple Choice Single AnswerQuestion What does Maslow propound about the five needs ?Correct Answer HierarchyYour Answer Hierarchy

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

Select The BlankQuestion ________ is the ability to sense, understand and effectively apply emotion.Correct Answer Emotional IntelligenceYour Answer Emotional Quotient

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

Match The FollowingQuestionCorrect AnswerYour AnswerManagement and Leadership studiesValue based managementSwami BudhanandaMaharshi Institute of ManagementEighteen centres in India and AbroadEighteen centres in India and AbroadAmritanandamayi Math's centreDr. S.K. ChakrabortyValue based management

Indian Vedanta PhilosophySwami BudhanandaDr. S.K. Chakraborty

Multiple Choice Multiple AnswerQuestion Some of the public insurance companies areCorrect Answer LIC , Oriental Insurance , General InsuranceYour Answer LIC , Oriental Insurance , General Insurance

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

Select The BlankQuestion Brands are associated with lifestyles and people's________.Correct Answer aspirationsYour Answer aspirations

Multiple Choice Single AnswerQuestion Management isCorrect Answer CreativeYour Answer Creative



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


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


Question

Successful consultants should promote their consultancy through what ?

Correct Answer

Network

http://scdlpapers.blogspot.in/2008/03/principles-and-practices-of-management_2988.html

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


Question

Profession requires definite period of what?

Correct Answer

Learning

Your Answer

Practice


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 , Prompt decision making , Over-confidence among

managers


Question

Organization is apart of which type of system?

Correct Answer

Social

Your Answer

Scientific


Question

David C Mc Celland identified three motives those are

Correct Answer

Affiliation , Power , Achievement

Your Answer

Affiliation , Power , Achievement


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


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


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


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


Question

The factors coming under philosophy of scientific management are:

Correct Answer

Co-operation , Maximum output , Harmony

Your Answer

Co-operation , Maximum output , Harmony


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


Question

The activities of the communicator while communicating a message will include,

Correct Answer

ideation , encoding , transmission

Your Answer

encoding , response , transmission


Question

Features of Management are as follows

Correct Answer

goal oriented , universal , continuous process

Your Answer

goal oriented , universal , continuous process


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


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


Question

It is said that communication is a meaningful

Correct Answer

interaction

Your Answer

interaction


Question

What does the insurance company compensate for if and when the event insured

against an incident occurs?

Correct Answer

Losses

Your Answer

Losses


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


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


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


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

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Principles and Practices of Management