Business studies class XII Quiz-5

The different individuals have their own style of working and differs in their day-to-day approach towards work. They, apply their own creativity. Identify the features of management reflected in the, given lines?

• Multi-dimensional

• Intangible

• Pervasive

• Continuous process

Mr Naresh Thukral, general manager of GSV Realty Private Limited, suggested that since the economy is buoyant, the company should invest in _____ market to take advantage of economy.

• capital market

• primary market

• money market

• secondary market

Assertion (A) Depository holds securities in electronic form. Reason (R) Depository is formed for the purpose of free transferability of securities with speed, accuracy and security.

• Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion

  (A)

• Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of

  Assertion (A)

• Assertion (A) is true, but Reason (R) is false

• Assertion (A) is false, but Reason (R) is true

Which of these is not a money market participant?

• Large corporate houses

• Stock exchange

• RBI

• Commercial banks

Which characteristic of planning is highlighted in the statement, “All other managerial functions are performed within the framework of plans drawn.”?

• Mental exercise

• Pervasive

• Futuristic

• Primary function of management

Fabindia is a private limited fashion company with several branches all over the country. It needs a team of designers arid crafts people. Similarly, another company Infoway Technologies which develops software needs systems analysts and programmers. Identify that which function of management is needed to satisfy the need of the above companies.

• Controlling

• Staffing

• Planning

• Organising

Match the following on the basis of ‘Type of Test’.

• A-(iii), B-(ii), C-(i)

• A-(i), B-(iii), C-(ii)

• A-(i), B-(ii), C-(iii)

• A-(ii), B-(iii), C-(i)

Infoway Software Limited is a highly reputed company and many people want to join this company. The employees of this company are motivated and happy by the working of the company. The employees are rewarded in a way that it creates a feeling of ownership among them and at the same time, makes them contribute towards the growth of the organisation. Aarav seeing the immense growth opportunities started reaching out to the employees of this company to understand how can he get an offer from the company. On enquiring, Akshay said that he was introduced by the present marketing manager, Mr Joe. Anand said that he was directly recruited from IIM, Lucknow from where he was about to complete his MBA. Through which way of recruitment, Anand was recruited?

• Placement agencies

• Campus placement

• Advertisement

• Recommendation from present employees

Aarav works in a private sector retail bank. He sets objectives and goods for the whole bank. He is also responsible for formulating strategies of the bank. He realised that different individuals had their own style of working and differs in their day-to-day approach towards work. They apply their own creativity. However, he felt that there is no harmony in the work done by each leading to overlapping or duplication of work and wastage of lot of time. He integrated the efforts of these individuals into a unified plan of action to achieve better organisational results. Aarav is a leader who consults the workers before taking important decisions. The workers are also satisfied because of this behaviour as they are taken into confidence before important decisions. Which principle of management is highlighted in last part of the above case?

• Harmony, not discord

• cooperation, not individualism

• Science, not rule of thumb

• Development of each and every person to his or her greatest efficiency and prosperity

Akhilesh works as a manager in Appejay Product Limited. He has been given the Best Employee Award. The reasons behind this award is that he has been able to integrate group efforts and get maximum out of his subordinates by attaining their willing co-operation. For this, he stimulates and inspires people at work and provides necessary incentives. He also listens to his employees and handles conflict. His qualities like initiative, self-confidence, etc. has helped him to achieve the objectives of the organisation. Which function of management is performed effectively by Akhilesh?

• Directing

• Controlling

• Planning

• Organising