Business studies class XII Quiz-9

Mr. Raj has taken over the new CEO of Narayan public Ltd. form the 1st of june. Has announced in his first address to all the managers of the company that he will be taking all the necessary steps and keeping the increase in raw material as his top most priority. Last year the raw material cost increased by over 3% and was brought the previous CEO of the company. This year Mr. Raj has announced that he will go for immediate action in case the cost of raw material increases by more than 5%.

Which principle of management control is indicated in the above case?

• Key results area

• Management by exception

• Positive deviation

• Negative deviation

In the recent ruling, the Supreme Court of India has ordered an immediate stop on commercial activities in a 500-metre radius of the Taj Mahal and asked Agra Development Authority to ensure compliance of its directive. Which dimension of business environment is reflected here?

• social

• Technological

• legal

• polictical

Match the following functions of management with their features:

• (i-b) (ii-c)

• (i-c) (ii-a)

• (i-b) (ii-a)

• (i-c) (i-b)

Assertion (A): Functional structure places less importance to organisation's objectives.

Reason (R): In functional structure, all the departments focus on their own objectives and not on organisational objectives.

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

• Both A ssertion (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.

Manohar a sales manager in Essential Oils Ltd., exercises complete power and control over his subordinates. He does not like consulting his subordinates in any matter.

Which leadership style is being followed by Manohar?

• Autocratic leadership

• Democratic leadership

• Free-rein leadership

• Paternalistic leadership.

With the introduction of mineral water bottles in India, Bisleri was able to capture the big market share in India. Which importance of business environment is highlighted in the above case?

• Helps to tap resources

• Helps in policy making

• Improves performance

• Helps to identify opportunity and getting first mover advantage

Identify the principle of management in the statement "She divides the work into small tasks and each employee is trained to perform his/ her specialised job."

• Unity of command

• Division of work

• Unity of direction

• Discipline

ldentify the principle of management in the statement."The sales persons are allowed to close a deal with a buyer bv giving a maximum of 10% discount, whereas the decision to give any further discount rests with Radhika as the final authority.

• Division of work

• Initiative

• Discipline

• Centralisation and decentralisation

The management of Hima Ltd., has achieved the target of 20% profit in the previous year. However, they are hesitant to share the increased gain of the company with the workers.

Identity the principle of management being overlooked by the management.

• Harmony, not Discord

• Development of Individuals

• Science, not Rule of thumb

• None of these

Statement 1: "To establish interchangeability of manufactured parts and products" is an objective of 'simplification of work' technique of scientific management.

Statement 2: Simplification aims at eliminating superfluos varieties, sizes and dimensions while standardisation implies establishing standards of excellence and quality in materials.

• Statement 1 is correct and statement 2 is not correct.

• Statement 2 is correct and statement 1 is not correct.

• Both the statements 1 and 2 are correct.

• Both the statements 1 and 2 are not correct.