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 , Over-
confidence 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
Posted by MindGrill at 6:31 AM 0 comments Links to this post
Labels: Principles and Practices of Management
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
its own CEO , a scientific method
Your Answer
unrelated products and businesses
its own CEO , a scientific method
that are separated , the fact that each SBU has
of grouping the business
that are separated , the fact that each SBU has
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 tie-ups.
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
Posted by MindGrill at 6:30 AM 0 comments Links to this post
Labels: Principles and Practices of Management
Principles and Practices of Management - 1

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
Posted by MindGrill at 6:28 AM 0 comments Links to this post
Labels: Principles and Practices of Management