Management Concepts Quiz

Which of the following is an organizational objective of the management?

• Survival

• Growth

• Profit

• All of these

"What distinguishes a successful manager from a less successful one is the ability to put the principle into practice". Which aspect of the nature of management is highlighted in the above statement?

• Management as a science

• Management as an art

• Management as a profession

• Management is an intangible force.

'A business needs to add to its prospects in long run'. Which organizational objective of management is highlighted in the given statement?

• Growth

• Survival

• Profit

• Efficiency

Which of the following pairs are correctly matched?

• I, II, III and IV

• II, III and IV

• III and IV

• I and IV

Identify the dimension of the characteristic of management- "it is multidimensional", which specifies that the task of management is to make the strengths of human resources effective and their weakness irrelevant towards achieving the organization's objectives.

• Management of work

• Management of people

• Management of operations

• Management of goals

'A manager applies the acquired knowledge in a personalized and skillful manner in the light of the realities of a given situation'. The given statement indicates that management is:

• A science

• An art

• A profession

• None of these

Manager of the Climax Ltd. achieved the target production, but a higher production cost. In this case, manager is ________ but not _________ .

• Efficient, Honest

• Effective, Efficient

• Efficient, effective

• None of these

Which level of management is responsible for the welfare and survival of the organization?

• Top level of management

• Middle level of management

• Supervisory level

• Both (b) and (c)

'Bubbly Bee' Enterprise recently launched its new range of balloons with inbuilt lights on the occasion of Diwali and set a target of 10% return on investment. The Managing Director, Sudhakar integrated the efforts of all the three departments i.e., Purchase, Production and Sales department at different levels for achieving the target harmoniously. The product was an instant hit and 'Bubbly Bee' Enterprise was able to achieve its target. The characteristic of coordination discussed in the above case is:

• Coordination is a continuous process

• Coordination is multi-dimensional

• Coordination requires ethical code of conduct

• Coordination is an all pervasive function

To become a Chartered Accountant in India, a candidate has to clear a specified examination conducted by the Institute of Chartered Accountant of India. Which feature of profession is being revealed?

• Ethical code of conduct

• Restricted Entry

• Well defined body of knowledge

• Professional association