LIST OF ATTEMPTED QUESTIONS AND ANSWERS

True/False
Question Management is the combination of Arts, Science and profession.
Correct Answer True
Your Answer True

Multiple Choice Single Answer

Question Who emphasized that king, as a head of the state has to be virtuous and self disciplined
Correct Answer Sukrayacharya
Your Answer Sukrayacharya

True/False
Question It is that top leadership fails to teach the MBO philosophy largely because, very often it is itself
not motivated.
Correct Answer True
Your Answer True

Select The Blank

Question ________ learning requires skills for sharing information and knowledge, particularly implicit
knowledge, assumptions and benefits that are traditionally beneath the surface.
Correct Answer Collective
Your Answer Effective

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

Select The Blank

Question Maintaining discipline and ________ those who perform properly, is an element of direction.
Correct Answer rewarding
Your Answer rewarding

Multiple Choice Single Answer

Question Span of management depends upon the ability of whom?
Correct Answer Employees
Your Answer Enterprise

True/False
Question Indian business families are still avoiding joint ventures and tie-ups.
Correct Answer False
Your Answer False

Match The Following

Question Correct Answer Your Answer

Philosophy of scientific management Development of each man to his capacity and ability It is a major
milestone in the history of management thought

Six industrial activities Technical, commercial, financial, accounting, security management Technical,
commercial, financial, accounting, security management

Five management functions Planning, organizing, commanding, co-ordination, control Planning,

organizing, commanding, co-ordination, control
Four supervisors at implementation department Gang boss, speed boss, repair boss, inspector Gang boss,
speed boss, repair boss, inspector

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

Question Which is the most appropriate type of alliance which the new companies often overestimate?
Correct Answer Joint-venture
Your Answer Joint-venture

Select The Blank

Question ________ is one of the major barriers to entry.
Correct Answer Government policy
Your Answer Competitor's policy

Multiple Choice Multiple Answer

Question A direct consequence of retailing has taken place due to the emergence of
Correct Answer Apparel retailing stores , Pharmaceutical retailing stores , Books, Music and Lifestyle
retailing stores
Your Answer Shopping Malls

Multiple Choice Single Answer

Question Management is said to be the combination of three factors, arts, science and the third is
Correct Answer profession
Your Answer profession

True/False
Question Insider trading issue is an important aspect of corporate governance.
Correct Answer True
Your Answer True

Multiple Choice Multiple Answer

Question Types of degree of delegations are:
Correct Answer Low degree , Moderate degree , High degree
Your Answer Low degree

Multiple Choice Single Answer

Question Name the law which says 'God is your source of your efforts, God has nothing to do with
course of your efforts'
Correct Answer Law of Karma
Your Answer Law of Karma

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

Multiple Choice Multiple Answer

 Question Some of the management functions mentioned by Henry Fayol are:
Correct Answer Planning , Control , Co-ordination
Your Answer Planning

Multiple Choice Multiple Answer

Question Peter Drucker is an expert on :
Correct Answer Japanese art , History of technology , History of American statesman
Your Answer History of American statesman

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 Science

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

Multiple Choice Multiple Answer

Question Under mechanism of scientific management, scientific task setting includes :
Correct Answer Time study , Motion study , Method study
Your Answer Motion study , Method study , Time study

Multiple Choice Single Answer

Question What are the difficulties business houses face while restructuring their businesses.
Correct Answer Painful, expensive
Your Answer Painful, expensive

True/False
Question Safety needs are those where the person feel important and must also receive recognition from
others.
Correct Answer False
Your Answer False

Select The Blank

Question Span of control is also referred to as the span of ________.
Correct Answer Supervision
Your Answer Supervision

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 Advertising battles

True/False
Question Fear among managers is not a barrier to delegation of authority.
Correct Answer False
Your Answer False

Select The Blank

Question Henry Fayol was trained as a ________ engineer.
Correct Answer Mining
Your Answer Mechanical
Multiple Choice Multiple Answer
Question Principles of effective delegation are:
Correct Answer Train the subordinates , Reward delegation , Appropriate reporting system
Your Answer Appropriate reporting system

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

Match The Following

Question Correct Answer Your Answer

Service sector is not influenced by this system licensing system Accountants

Functional management challenges Management accounting and taxation Management accounting and
taxation

Corporatization of services Accountants The service sector dominates the Indian economy

Reason for expansion of service sector Failure to sustain an advantage in manufacturing activities Failure to
sustain an advantage in manufacturing activities

Multiple Choice Multiple Answer

Question In the insurance sector the rules governing the foreign companies
Correct Answer are 26% of equity participation , affect only special resolutions , do not appoint majority
directors on the company board
Your Answer do not appoint majority directors on the company board

True/False
Question An organization consists of individuals in which their formal roles and structural positions
bring them closer.
Correct Answer True
Your Answer True

Select The Blank

Question ________ is the reason for the rising importance of empathy for business leaders.
Correct Answer Globalisation
Your Answer Globalisation

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 International teamwork is an integral part of many international consultancies.
Correct Answer True
Your Answer True

Multiple Choice Single Answer

Question Companies seeking to improve have taken a plethora of initiatives such as
Correct Answer TQM
Your Answer TQM
Multiple Choice Single Answer
Question One of the causes of low morale would be
Correct Answer No delegation of authority
Your Answer No delegation of authority

Select The Blank

Question ________ provide all types of help required to make the business more efficient and profitable.
Correct Answer Consultants
Your Answer Consultants

Multiple Choice Single Answer

Question Who included Espirit De Corps as a management principle?
Correct Answer Henry Fayol
Your Answer F.W.Taylor

Multiple Choice Multiple Answer

Question The process of forecasting is based on
Correct Answer Future trends , Current analysis , Past performance
Your Answer Future trends

Multiple Choice Single Answer

Question Lack of which factor is responsible for lack of success, criminality.
Correct Answer Intelligence
Your Answer Character

Select The Blank

Question General Insurance corporation was nationalized in________.
Correct Answer 1972
Your Answer 1972

Select The Blank

Question Management as a discipline does not require any________of practice.
Correct Answer certificate
Your Answer certificate

Multiple Choice Multiple Answer

Question Delegation becomes a necessity due to the following reasons:
Correct Answer Structure of authority , Accountability , Superiors need to address important issues
Your Answer Superiors need to address important issues

Multiple Choice Multiple Answer

Question The channels through which corporate governance may bear on performance are activated
through several structural and institutional factors as follows
Correct Answer legal, political and regulatory environment , financial structure of corporation , structure
and functioning of co.
Your Answer legal, political and regulatory environment