1. Retailers cannot just take their global retailing formats and try to transpose them onto the India scenario. True False 2. A 3. should always be clear about what is to be to subordinates The defination of decision involves following characteristics a) Involves Rationality b) Involves Commitment c) Involves Mental Process d) Involves Employees 4. Name the tool which learning organizations employ for seeking information a) Inquiry b) c) Research Interviewing Questioning d) 5. Different rates are levied by different states for 6. service tax. The Indian retail sector is behind Taiwan although its retail industry is estimated to be around $40 billion only, this is because of its a) 60% penetration b) 35% penetration c) 90% penetration d) 81% penetration 7. Disclosures must be made to the board by the management, relating to all a) personal transactions b) material and financial transactions c) statutory transactions d) non statutory transactions 8. 1. Need of consultants 6 1. Conduct diagnosis to redefine problem 2. Role of consultants 1 2. Domination of sellers market was there before 1990 3. Rule for becoming successful consultant 4. Company's checklist before making a call to the consultant 3 5 3. Evolve abundant negotiating skills, be adaptable and flexible 4. Technological revolution has lead to market revolution 5. Never give up control and look up to consultants as God 6. Consultants are responsible for providing information to those individuals who fail to respond to changes in outside environment 9. A superior should always establish a periodically. 10. Some of the leading companies in the event management sector are a) Balaji Alliance Ltd. b) Cine Yug c) Midas Events d) MARG 11. What does a mission statement specify that the organization will achieve? a) 13. control so that his subordinates report to him Objectives b) Records c) Goals d) Plans Direction has a major concern with which element of the organization? a) Critical b) Human c) Efficient d) Motivational 14. The process of control is not complete when only corrective actions taken. True False 15. The different types of barriers to communication are a) physical b) management c) psychological d) semantic barriers In addition to Place, Labor and Money which other internal environment Factor influences Management? a) 17. Technology b) Machines c) Scientists d) Professionals Great Wall of China is a living symbol of creation and result of management practices. True False 18. Henry Fayol's contribution is classified into ten industrial and management principles. True False 19. Which among the following are the methods and tools for improving morale? a) Job Enrichment b) Modifying the work environment c) Delegation of authority d) Job sharing All of these e) 20. Parting with authority means parting with friendship. True False 21. Service sector has expanded because of explosion in information technology. True False 22. Professional managers help organizations in chalking out which type of strategies? a) Multidisciplinary b) Competitive c) Corporate d) Academic 23. 1. Functional management challenges 1. This influences the service sector 2. Corporatization of services 2. Management accounting and taxation 3. Reason for expansion of service sector 4. Service sector is not influenced by this system 3. Failure to sustain an advantage in manufacturing activities 4. licensing system 5. The service sector dominates the Indian economy 6. Accountants 24. 25. 1. Management is a multipurpose organ 1. Over a period of time 2. Management is understood by performance 2. That manages a business 3. Management requires learning 3. Art requires knowledge 4. Science is developed 4. Management is what management does 5. Management as a discipline 5. Has no centralized rule-making authority Principles of effective delegation a) train subordinates b) reward delegation c) disallow subordinates to participate d) appropriate reporting system 26. The characteristics of a good consultant should be a) team spirit b) cosmopolitan outlook c) insular outlook d) good communication skill Correct Answers LIST OF ATTEMPTED QUESTIONS AND ANSWERS 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 Select The Blank Question A ________ should always be clear about what is to be ________ to subordinates. Correct Answer superior Your Answer superior Correct Answer delegated Your Answer delegated Multiple Choice Multiple Answer Question The defination of decision involves following characteristics Correct Answer Involves Rationality , Involves Commitment , Involves Mental Process Your Answer Involves Rationality , Involves Mental Process , Involves Employees Multiple Choice Single Answer Question Name the tool which learning organizations employ for seeking information Correct Answer Inquiry Your Answer Research Select The Blank Question Different rates are levied by different states for ________ tax. Correct Answer entertainment Your Answer service Multiple Choice Single Answer Question The Indian retail sector is behind Taiwan although its retail industry is estimated to be around $40 billion only, this is because of its Correct Answer 81% penetration Your Answer 35% penetration Multiple Choice Single Answer Question Disclosures must be made to the board by the management, relating to all Correct Answer material and financial transactions Your Answer material and financial transactions Match The Following Question Correct Answer Your Answer Company's checklist before making a call to the consultant Never give up control and look up to consultants as God Never give up control and look up to consultants as God Need of consultants Consultants are responsible for Consultants are responsible for providing information to those individuals who fail to respond to changes in outside environment providing information to those individuals who fail to respond to changes in outside environment Role of consultants Conduct diagnosis to redefine problem Conduct diagnosis to redefine problem Rule for becoming successful consultant Evolve abundant negotiating Evolve abundant negotiating skills, be adaptable and flexible skills, be adaptable and flexible Select The Blank Question A superior should always establish a ________ control so that his subordinates report to him periodically. Correct Answer Feedback Your Answer Feedback Multiple Choice Single Answer Question What does a mission statement specify that the organization will achieve? Correct Answer Goals Your Answer Objectives Multiple Choice Multiple Answer Question The process of control will include Correct Answer corrective action , establishing of standards , corrective action Your Answer establishing of standards , personal observation Multiple Choice Single Answer Question Direction has a major concern with which element of the organization? Correct Answer Human Your Answer Human True/False Question The process of control is not complete when only corrective actions taken. Correct Answer False Your Answer False Multiple Choice Single Answer Question In addition to Place, Labor and Money which other internal environment Factor influences Management? Correct Answer Machines Your Answer True/False Question Technology Great Wall of China is a living symbol of creation and result of management practices. Correct Answer True Your Answer True Multiple Choice Single Answer Question Which among the following are the methods and tools for improving morale? Correct Answer All of these Your Answer All of these True/False Question Parting with authority means parting with friendship. Correct Answer False Your Answer False True/False Question Service sector has expanded because of explosion in information technology. Correct Answer True Your Answer True Match The Following Question Correct Answer Your Answer Science is developed Over a period of time Over a period of time Management as a discipline Has no centralized rule-making Has no centralized rule-making authority authority Management is a multipurpose That manages a business organ That manages a business Management is understood by performance Management is what management does Management is what management does Management requires learning Art requires knowledge Art requires knowledge Multiple Choice Multiple Answer Question Principles of effective delegation Correct Answer train subordinates , reward delegation , appropriate reporting system Your Answer train subordinates , reward delegation , appropriate reporting system