Multiple Choice Single Answer
Question
Which of the following is a necessary by product of good managerial
directing ?
Correct Answer Co-ordination
Your Answer
Monitoring
Multiple Choice Multiple Answer
Question
Functional authority works only when,
Correct Answer Assignment is clarified , The subordinates are allowed to participate ,
Feedback control is established
Your Answer
Assignment is clarified , The subordinates are allowed to participate ,
Feedback control is established
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
Multiple Choice Multiple Answer
Question
Limitation of control are
Correct Answer external factors , fixing of responsibility , variation and its causes
Your Answer
external factors , fixing of responsibility , variation and its causes
Multiple Choice Single Answer
Question
Name the service which has two prime necessities like co-ordination
and infiltration.
Correct Answer Staff
Your Answer
Staff
Multiple Choice Single Answer
Question
How many forces of competition are there according to Michael E.
Porter?
Correct Answer Five
Your Answer
Five
Multiple Choice Multiple Answer
Question
The internal environment factors that influence management are
Correct Answer labour , machines , place
Your Answer
labour , machines , place
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
Multiple Choice Single Answer
Question
How many billion dollars is our Retailing sector estimated to be?
Correct Answer $ 180 billion
Your Answer
$ 180 billion
True/False
Question
Motivation of subordinates to meet the expectations of the manager
is a feature of direction.
Correct Answer False
Your Answer
False
Multiple Choice Multiple Answer
Question
Name the tactics used in the intensity of rivalry amongst existing
competitors.
Correct Answer Price competition , Advertising battles , Product introduction
Your Answer
Substitute products , Price competition , Advertising battles
Multiple Choice Single Answer
Question
Which concept of ethics tries to explore the traits which help a
person to lead a life that is satisfying from an ethical point of view?
Correct Answer Ethics of Virtue
Your Answer
Ethics of Virtue
Multiple Choice Single Answer
Question
What is the challenge insurance will face like any other service
sector?
Correct Answer Branding
Your Answer
Branding
True/False
Question
Vision without mission is incomplete and mission without vision is
meaningless.
Correct Answer True
Your Answer
True
Select The Blank
Question
Different rates are levied by different states for ________ tax.
Correct Answer entertainment
Your Answer
entertainment
True/False
Question
Science is a body of organized knowledge
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
strategic business units
Select The Blank
Question
Brands are associated with lifestyles and people's________.
Correct Answer aspirations
Your Answer
aspirations
Multiple Choice Single Answer
Question
Organization is apart of which type of system?
Correct Answer Social
Your Answer
Social
Select The Blank
Question
Advantage of delegation of authority results in prompt ________.
Correct Answer Decision-making
Your Answer
Decision-making
Match The Following
Question
Correct Answer
Principle of effective delegation
interaction and result orientation.
interaction and result orientation.
Your Answer
To believe in feedback,
To believe in feedback,
High degree of delegation
back with results
back with results
The task is specified to a subordinate and is told to report
The task is specified to a subordinate and is told to report
Functional authority
department.
department.
This is clarifying the assignment, which is delegated to a
This is clarifying the assignment, which is delegated to a
Need for delegation
issues.
issues.
Superior needs to concentrate on important and vital
Superior needs to concentrate on important and vital
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
Select The Blank
Question
Span of control is also referred to as the span of ________.
Correct Answer Supervision
Your Answer
Supervision
Select The Blank
Question
One of the merits of ________ is that it recognizes importance of
various individual needs and motivation, and yields a contingency model.
Correct Answer Vroom's theory
Your Answer
Herzberg's theory
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
________means that private and foreign investors can participate in
the Indian Insurance Sector.
Correct Answer Liberalization
Your Answer
Liberalization
Select The Blank
Question
Chesterd Bernard developed a theory of organization and ________
functions.
Correct Answer Executive
Your Answer
Executive
Match The Following
Question
Correct Answer
Your Answer
Unit of command
one superior only
one superior only
This means that employees should receive orders from
This means that employees should receive orders from
Scalar chain
Chain of superiors from the highest to the lowest ranks
Chain of superiors from the highest to the lowest ranks
Equity
Loyalty, devotion on the part of managers should be there
when dealing with subordinates
This means each group of
activities with the same objective must have one head and one plan
Esprit De Corps
In union there is strength'
In union there is strength'
Multiple Choice Single Answer
Question
The main role of management consultant to the organisation is to
provide
Correct Answer Recommendations
Your Answer
Information
Multiple Choice Multiple Answer
Question
The potential external opportunities faced by an organization are
Correct Answer additional customer groups , faster market groups , falling trade
barriers
Your Answer
additional customer groups , falling trade barriers
Multiple Choice Multiple Answer
Question
The service sector has grown because of reasons mentioned below
Correct Answer tendency of distributing specialized knowledge and technology
capital for labour in the manufacturing industry , technology no longer gives a
competitive edge to manufacturing activities in the global scenario , as income
increases, consumer demands for services increase faster than those for goods
Your Answer
as income increases, consumer demands for services increase
faster than those for goods , a change in customer demand pattern from traditional to
modern, global stds
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
True/False
Question
Management is the combination of Arts, Science and profession.
Correct Answer True
Your Answer
True
Select The Blank
Question
Actuary is one who specializes in the________of insurance.
Correct Answer mathematics
Your Answer
mathematics
True/False
Question
One of the oldest technique of checking performance is the personal
observation.
Correct Answer True
Your Answer
True
True/False
Question
Delegation and decentralization are closely related to each other.
Correct Answer True
Your Answer
True
Multiple Choice Multiple Answer
Question
In the complex new liberalized economy business families face
common problems such as
Correct Answer Unproductive labour , Falling share value , Transnational attach
Your Answer
Unproductive labour , Falling share value , Transnational attach
Multiple Choice Single Answer
Question
What articulates the long-term goals of an enterprise ?
Correct Answer Vission Statement
Your Answer
Vission Statement
Multiple Choice Multiple Answer
Question
Some of the popular forecasts are
Correct Answer Demand forecast , Sales forecast , Specific industry forecast
Your Answer
Demand forecast , Sales forecast , Specific industry forecast
True/False
Question
You should never measure the process and develop tools that will
measure your progress.
Correct Answer False
Your Answer
False
Select The Blank
Question
Many families were running the business with a law ________ stake
of 15% to 20%.
Correct Answer Capital
Your Answer
Capital
True/False
Question
Management exists only at the top levels of the organization.
Correct Answer False
Your Answer
False
True/False
Question
Direction initiates at the bottom level in the organisation and follows
to top through the hierarchy.
Correct Answer False
Your Answer
False
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
stress
Multiple Choice Multiple Answer
Question
Research indicates that the limbic system learns best through
Correct Answer motivation , extended practice , feedback
Your Answer
motivation , extended practice , feedback
Multiple Choice Multiple Answer
Question
Advantages of learning organizations should be
Correct Answer Free exchange and flow of information , Commitment to learning,
personal development , Climate of openness and trust
Your Answer
Free exchange and flow of information , Commitment to learning,
personal development , Climate of openness and trust
True/False
Question
Morale is the sum total of various physical qualities.
Correct Answer False
Your Answer
True