Scdl - Principles And Practices Of Management

Principles and Practices of Management

Question Paper – 1 LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Page 1 of 11

Principles and Practices of Management

Correct Answer Assignment Your Answer

Assignment

Multiple Choice Single Answer Question State the barriers to delegation of authority? Correct Answer Over-confidence Your Answer

Over-confidence

True/False Question

Communication in industry is a phase both of organisation and moral building. 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

corporation units

Multiple Choice Multiple Answer Question RBI's present report on currency and finance divides the sector into Correct Answer consumer services , Govt. services , producer services Your Answer

consumer services , Govt. services , ) transportation services

True/False Question

Learning organizations should be adaptive to their internal environment.

Correct Answer False Your Answer

True

Multiple Choice Single Answer Question Which of the following is not an area of operation of event management? Correct Answer banking Your Answer

banking

Select The Blank

Page 2 of 11

Principles and Practices of Management

46.

What type of planning Indian business families are doing

a)

Forward Family Succession – Correct Answer Joint

b ) c) d ) 47.

In addition to Place, Labor and Money which other internal environment Factor influences Management?

a)

Technology Machines – Correct Answer Scientists Professionals

b ) c) d ) 48.

Science is a body of which type of Knowledge?

a)

Assimilated Organized – Correct Answer Superior Specific

b ) c) d ) 49.

Management is purposeful and what?

a)

Objective Progressive Goal oriented – Correct Answer Universal

b ) c) d ) 50.

Management exists at which levels of the organization?

Page 3 of 11

Principles and Practices of Management a) b ) c)

Top Bottom Decision-making All – Correct Answer

d ) 51.

Profession requires definite period of what?

a)

Practice Discipline Understanding Learning – Correct Answer

b ) c) d ) 52.

Professional managers help organizations in chalking out which type of strategies?

a)

Multidisciplinary Competitive Corporate – Correct Answer Academic

b ) c) d ) 53.

Features of Management are as follows

a)

goal oriented universal continuous process non-continuous process

b ) c) d ) 54.

Management is multidisciplinary, it includes knowledge/ information from

a)

economics maths physiology psychology

b ) c) d ) 55.

The internal environment factors that influence management are

Page 4 of 11

Principles and Practices of Management a) b ) c)

labour climatic machines place

d ) 56.

The external environmental factors that influence management are

a)

economic changes political technological money

b ) c) d )

Question Paper – 2 LIST OF ATTEMPTED QUESTIONS AND ANSWERS 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 Single Answer

Page 5 of 11

Principles and Practices of Management 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 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 Multiple Choice Single Answer Question One of the internal environment factors that influences management is Correct Answer Place Your Answer Place 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 Management is Correct Answer Creative Your Answer Creative Multiple Choice Single Answer Question Management is the combination of Arts, Science and Correct Answer Profession Your Answer Profession Select The Blank Question The word________denotes a function, a task, a discipline. Correct Answer management Your Answer decision Multiple Choice Multiple Answer Question Name the various characteristics of science Correct Answer organized knowledge , cause and effect relationship , predictive power Your Answer organized knowledge , cause and effect relationship , predictive power True/False Question Service sector in India dominates half of our national income. Correct Answer True

Page 6 of 11

Principles and Practices of Management Your Answer False True/False Question Important ingredients of the service industry are labour and knowledge. Correct Answer True Your Answer True Multiple Choice Single Answer Question The forms of companies in the service sector in our new economy are essentially Correct Answer Information communicating and entertainment co's (ICE's) Your Answer Information communicating and entertainment co's (ICE's) Multiple Choice Single Answer Question What percentage does the organized sector within the retailing sector represent? Correct Answer just 2% Your Answer just 2% Multiple Choice Multiple Answer Question What are the common challenges faced by the retail business? Correct Answer Special mindset to develop special strategies , Coping with the change Your Answer The cultural aspect , Special mindset to develop special strategies , Coping with the change Multiple Choice Single Answer Question What is sold when an insurance policy is sold? Correct Answer Promise Your Answer Promise Match The Following Question Correct Answer Your Answer Self-regulation enabler audit self-regulated co. Postal ballot system shareholders audit Markets notice well managed companies shareholders Continuous communication motivates people motivates people True/False Question Insider trading issue is an important aspect of corporate governance. Correct Answer True

Page 7 of 11

Principles and Practices of Management Your Answer True 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 True/False Question Learning from mistakes is often more powerful than learning from success. Correct Answer True Your Answer True Multiple Choice Multiple Answer Question An SBU is an independent business with a coherent set of Correct Answer products , competitors , objectives Your Answer products , competitors , objectives True/False Question Emotional distress shrinks working memory. Correct Answer True Your Answer True Multiple Choice Multiple Answer Question Under mechanism of scientific management, scientific task setting includes : Correct Answer Time study , Motion study , Method study Your Answer Time study , Harmony study , Method study Multiple Choice Multiple Answer Question Name the books on management written by Peter Drucker. Correct Answer Frontiers of Management , The practice of management , Management, tasks, responsibility Your Answer Drucker on Asia , Frontiers of Management , The practice of management , Management, tasks, responsibility Multiple Choice Single Answer Question Who is the 'founder of Human Relation'? Correct Answer Elton Mayo Your Answer Elton Mayo Multiple Choice Single Answer Question Name the specialization where the economists consider necessary for efficiency in the use of labour. Correct Answer Division of work Your Answer Division of work Match The Following

Page 8 of 11

Principles and Practices of Management Question Correct Answer Your Answer Henry Fayol Referred to as 'The father of modern management theory' Referred to as 'The father of modern management theory' Federick W.Taylor Referred to as 'The father of scientific management' Referred to as 'The father of scientific management' Vilfredo Pareto Referred to as 'The father of the social systems approach' to organization and management Referred to as 'The father of the social systems approach' to organization and management W.Edward Deming Introduced quality control in Japan Introduced quality control in Japan Multiple Choice Single Answer Question The person who does not limit the interactions and decisions just to logical approach, but continuously encourages his team members to think non-logically is Correct Answer Leader Your Answer Leader True/False Question Gita has nothing to do with leadership in management Correct Answer False Your Answer False Multiple Choice Single Answer Question What is lacking in Indian business companies management ? Correct Answer Professionalism Your Answer Globalisation Multiple Choice Multiple Answer Question Name the flagship companies under the Business family "Munjals" Correct Answer Hero Honda , Hero Cycles Your Answer Hero Honda , Hero Cycles Select The Blank Question If you don't know what you want to achieve, don't call in the ________. Correct Answer Consultant Your Answer Consultant Select The Blank Question Business ________ is the calculation of probable events to provide against future. Correct Answer forecasting

Page 9 of 11

Principles and Practices of Management Your Answer controlling Multiple Choice Multiple Answer Question Name the following topics that gives an idea about the concept of organizing. Correct Answer Decentralization , Staffing process , Span of management Your Answer Staffing process , Span of management , Planning, co-ordinating 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 , Fear of loosing status by managers , Overconfidence among managers Select The Blank Question Latest approach signifies organization has a part of ________ system. Correct Answer Social Your Answer Social Multiple Choice Single Answer Question What should be kept open for effective delegation? Correct Answer Communication Your Answer Communication Multiple Choice Single Answer Question What is the set-up of an organization? Correct Answer Relationships Your Answer Relationships 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 True/False Question Delegation and decentralization are closely related to each other. Correct Answer True Your Answer True True/False Question Decentralization would be preferred in large sized units. Correct Answer True Your Answer True Select The Blank

Page 10 of 11

Principles and Practices of Management Question ________ behaviour is obtained when there is a one-way transmission of orders from superior to subordinates. Correct Answer Linear Your Answer Dominating Select The Blank Question Managerial function of control is the ________ and correction of performance of various activities. Correct Answer measurement Your Answer measurement Multiple Choice Single Answer Question What is possible to enforce among workers when morale is high and when they are given participating opportunities Correct Answer Self-discipline Your Answer Self-controlling Multiple Choice Multiple Answer Question The different types of motivators would be Correct Answer Positive , External , Financial Your Answer Positive , External , Financial True/False Question Morale is the sum total of various physical qualities. Correct Answer False Your Answer False Select The Blank Question Under the types of motivators, non-financial motivators are encouragement, freedom ________. Correct Answer recognition Your Answer recognition Select The Blank Question Physical needs are at the base of the hierarchy theory of motivation while self actualisation needs are at the ________. Correct Answer apex Your Answer apex

Page 11 of 11