Principles and Practices of Management

Principles and Practices of Management


LIST OF ATTEMPTED QUESTIONS AND ANSWERS


Multiple Choice Multiple Answer
Question
The products that are grouped under SBU share a common
Correct Answer
underlying technology , market , skill
Your Answer
market , skill

Multiple Choice Single Answer
Question
What requires a high level of optimism and persistence despite rejection?
Correct Answer
Self Motivation
Your Answer
Self Motivation

True/False
Question
Strong corporate governance is indispensable to resilient and vibrant capital markets.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
The service may or may not be tied to which type of good?
Correct Answer
Physical
Your Answer
Intangible

Select The Blank
Question
Organization is like an ________ influenced by ________-building process.
Correct Answer
individual
Your Answer
image
Correct Answer
image
Your Answer
Systemic

Select The Blank
Question
50.The last few years have shown a ________ of film ________ shows.
Correct Answer
opportunities
Your Answer
Recurrence
Correct Answer
celebrity
Your Answer
celebrity

Multiple Choice Single Answer
Question
Where is the attack on business families coming from?
Correct Answer
Transnationals
Your Answer
Transnationals

True/False
Question
Product differentiation is not a barrier to entry.
Correct Answer
False
Your Answer
True

Multiple Choice Single Answer
Question
Management is
Correct Answer
Creative
Your Answer
Creative

Select The Blank
Question
There has been an increased ________ on ________.
Correct Answer
reliance
Your Answer
Emphasis
Correct Answer
consultants
Your Answer
reliance

Multiple Choice Multiple Answer
Question
The different A’s of the service sector are
Correct Answer
acceptability , awareness , availability
Your Answer
acceptability , awareness , availability

True/False
Question
Management exists only at the top levels of the organization.
Correct Answer
False
Your Answer
False

Select The Blank
Question
In the Needs- satisfaction chain, every ________ is a ________
Correct Answer
step
Your Answer
step
Correct Answer
Motivator
Your Answer
Motivator

Multiple Choice Single Answer
Question
Organization is a set-up of what?
Correct Answer
Relationships
Your Answer
Relationships

Match The Following
Question
Correct Answer
Your Answer
Problem Perception
Bounded Rationality
Weaknesses
Benefits
Weaknesses
Bounded Rationality
Takeover
Turnaround
Turnaround
Budgets
Strategies
Rules
Policies
Rules
Strategies

Multiple Choice Multiple Answer
Question
Business families have adapted themselves to the new realities such as
Correct Answer
customer relationship management , reliable after sales service , new product launch
Your Answer
customer relationship management , reliable after sales service , new product launch

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

Multiple Choice Multiple Answer
Question
The Indian customers has been shying away from large stores and supermarket chains due to
Correct Answer
poverty and low literacy rates , expensive supply chains , low per capita income , low taxes
Your Answer
poverty and low literacy rates , low per capita income

True/False
Question
India never had its own management practice.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer
Question
The need for co-ordination is created when managers do what to specialized activities?
Correct Answer
Divide
Your Answer
Distribute

Select The Blank
Question
Self-motivation requires a ________ level of ________.
Correct Answer
High
Your Answer
High
Correct Answer
optimism
Your Answer
optimism

Multiple Choice Multiple Answer
Question
The bureaucratic type of leadership is normally criticized for
Correct Answer
nepotism , delays
Your Answer
nepotism , autocratic

Multiple Choice Multiple Answer
Question
The various problems faced by event management industries are
Correct Answer
entertainment tax rates , large no. of permissions required , service taxes
Your Answer
entertainment tax rates , large no. of permissions required , service taxes

True/False
Question
Indian business families have focused more on their areas of core competence.
Correct Answer
False
Your Answer
False

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
Harold Konntz

Select The Blank
Question
Henry P. Towne outlined the Importance of ________ as a ________
Correct Answer
management
Your Answer
management
Correct Answer
science
Your Answer
science

Multiple Choice Multiple Answer
Question
Components of planning would include
Correct Answer
objectives , budgets , procedures
Your Answer
objectives , procedures , people

Multiple Choice Single Answer
Question
Management is not just a
Correct Answer
Process
Your Answer
Process

Multiple Choice Single Answer
Question
According to Sehznick, “ the major task of a leader is not only to make a policy, but to build it into organization’s what?”
Correct Answer
Corporate Culture
Your Answer
Corporate Culture

True/False
Question
Direction is also done by top and middle level managers.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
What does the insurance company compensate, when an event insured against occurs?
Correct Answer
Losses
Your Answer
Losses

Multiple Choice Single Answer
Question
Who is the Father of Competitive Strategy?
Correct Answer
Michael E. Porter
Your Answer
Peter F. Drucker

True/False
Question
Greater co-ordination is not needed in sequential rather than pooled interdependence.
Correct Answer
False
Your Answer
False

Select The Blank
Question
________ is telling ________ what to do.
Correct Answer
Direction
Your Answer
Direction
Correct Answer
people
Your Answer
Subordinates

Match The Following
Question
Correct Answer
Your Answer
The process of control is complete
only when corrective action is taken.
via information collected.
Control highlights omissions if any.
And makes it possible to take Corrective measures.
And makes it possible to take Corrective measures.
Control is related to the future.
though it lives in the present.
of the nature of corrective action to be taken.
Changes can be anticipated
via information collected.
though it lives in the present.
Control gives the correct picture
of the nature of corrective action to be taken.
only when corrective action is taken.

True/False
Question
Organisational morale is basically the individual mental condition.
Correct Answer
False
Your Answer
False

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

Select The Blank
Question
________ is a systematic and knowledge of ________ and living.
Correct Answer
Vedanta
Your Answer
Vedanta
Correct Answer
Life
Your Answer
Life

Multiple Choice Single Answer
Question
Who propounded theory X and theory Y?
Correct Answer
McGregor
Your Answer
Henry Fayol

Multiple Choice Multiple Answer
Question
Service sector has expanded relentlessly in the past decade due to related events in the 1990’s
Correct Answer
explosion of information tech. , slow growth of manufacturing industry , virtual stagnation in agriculture
Your Answer
explosion of information tech. , slow growth of manufacturing industry , virtual stagnation in agriculture

Multiple Choice Single Answer
Question
One of the internal environment factors that influences management is
Correct Answer
Place
Your Answer
Location

Select The Blank
Question
Actuary ________ and deciding of a specific ________ is the biggest problem.
Correct Answer
science
Your Answer
premium
Correct Answer
premium
Your Answer
Compensation

True/False
Question
If you want it done right, do it yourself, is a fallacy
Correct Answer
True
Your Answer
False

Select The Blank
Question
Self-________ matters a lot to ________
Correct Answer
regulation
Your Answer
regulation
Correct Answer
Leaders
Your Answer
Leaders

Multiple Choice Multiple Answer
Question
Some of the major strategies adopted by business families for their survival and growth are
Correct Answer
appointment of professional mangers , joint ventures and tie-ups , technology up gradation
Your Answer
appointment of professional mangers , technology up gradation

Multiple Choice Single Answer
Question
One of the external environment factors that influences Management is
Correct Answer
Legal
Your Answer
Skills

Multiple Choice Single Answer
Question
For most hi-tech service industries, the two ingredients are:
Correct Answer
Only a and c
Your Answer
Only a and c