Which demerit of formal organisation is highlighted here?

• Procedural delays

• Lack of initiatives

• Instability

• Difficult to understand human relationships

Identify the statement that defines the techniques of management?

• It is a procedure which involves a series of steps to be taken.

• They are general rules for behaviour of individuals.

• It is a set of guidelines to take decisions and actions.

• None of the above

After completing his PGDBM course from IIM, Daksh took over the business of his father. Now he started making a practical use of his theoretical knowledge of management. But right from the very beginning, he was faced with one problem. For the last three years continuously, he had been observing that whatever the salestarget he would fix, he neversucceeded to achieve it fully. He studied this problem thoroughly and found that it so happened because in the first year (of his taking over the business) the government at the centre changed; in the second year, there was a change in fashion and in the third year, several competing firms entered the market. Now he realised that planning does not foresee everything and that several problems come in the way of effective planning. Identify the ‘limitation of planning’ in the event discussed above.

• Planning reduces creativity

• Planning involves huge costs

• Planning leads to rigidity

• Planning may not work in a dynamic environment

Statement I : Method study means finding the one best way of doing a task. Statement II : Fatigue study means eliminating the unnecessary movements. Choose the correct option from the options given below:

• Statement I is true and Statement II is false

• Statement II is true and Statement I is false

• Both the statements are true

• Both the statements are false

Identify the process illustrated by the picture above in which the superior Mr. Raj is providing a part of his authority to Mr. Narayan one of his subordinate for making decisions.

• power

• authority

• delegation

• none of these

_______refers to process by which skills and abilities of employees to perform specific jobs are increased.

• Development

• Selection

• Training

• Both Development and training

Name the process which co-ordinates human efforts, assembles resources and integrates both into a unified form to be utilized for achieving specified objectives.

• Organising

• Directing

• Management

• Planning

Expert Machines Privet Limited need ` 20 crore as additional capital to expand their business. Mr. Bahal, the CEO of the company wants to raise funds through equity. The finance manager, Mr. Rajes, suggested that the shares may be sold to investing public through intermediaries, as the same will be less expensive. The proposal was accepted. Name the method through which the company decided to raise additional capital.

• Offer for sale

• Right issue

• Private placement

• e-IPOs

Which of the following environment belongs to high inflation rate?

• Technological environment

• Political environment

• Social environment

• Economic environment

According to this principle of scientific management, “Scientific management has for its foundation the firm conviction that true interest of the management and workers are one and the same; the prosperity for the employer cannot exist for a long time unless it is accompanied by prosperity for the employees and vice-versa.” Identify the principle.

• Co-operation, not individualism

• Harmony, not discord

• Science, not rule of thumb

• All of the above