Font size
Worksheets4th ITCE PEM PRE_GTU 2
Total questions: 82
Worksheet time: 1hrs 22mins
Name
Enrollment number
POSDCORB does not include ____________ .
dedicating
budgeting
reporting
coordinating
According
to ___________ , "to organize a business is to provide it with
everything useful or its functioning i.e. raw material, tools, capital and
personnel".
Newman and summer
Henry Fayol
George R Terry
Claude S. George
The main purpose of staffing is __________________
to get the work done anyhow
to put right man on right job
to recruit as per degree
to recruit as per choice
_________ is considered life-spark of the enterprise which sets it in motion.
organizing
planning
staffing
directing
What is not included in directing?
Supervision
communcation
motivation
controlling
What may be defined as a process by which manager guides and influences the work of subordinates in desired direction?
Leadership
communication
supervision
motivation
The purpose of ___________ is to ensure that everything occurs in conformity with the standards.
supervision
communication
controlling
motivation
_____________ can be enhanced in any enterprise either by increasing the sales revenue or reducing costs
risk
Profits
cost
revenue
Who described scientific management as "physiological organisation theory"?
koontz
March and Simon
Newman and Summer
Workman
Which is the second level of Maslow's NEED HIERARCHY THEORY?
safety
social
esteem
physiological
Who gave theory of administrative management?
Taylor
Smith
Maslow
Fayol
Management should obtain ________________ in work through suitable organization of men and materials.
safety
coordination
equity
orderliness
According to ___________, a senior manager should be regarded as playing 10 different roles.
Maslow
Mintzberg
Koontz
Fayol
The lower level is also known as __________________
operative management
administrative management
operative staff
resource management
Except economic risk, which risk tests the ability of an international manager?
political
ethical
societal
Labour
Drawing inspiration from Fayol, a new school of thought known as
___________________came into existence.
Managerial procedure school
Managerial Process school
Management Process School
management procedure school
when the management insists on following a certain way of doing things and praises or punishes employees on the basis of their adherence to that prescribed work , ____________________ takes place.
administration
Managerial Process
professional automation
correspondence
________ is the beginning of the process of management.
Coordinating
staffing
Planning
Organizing
March and Simon describe ________________________ as "physiological organisation theory".
management
scientific management
bureaucracy
administrative management
_______________ tactical or housekeeping decisions are those which are supportive of, rather than central to, the company’s operations.
group
Routine
strategic
individual
Responsibility and _____________ should go hand-in-hand.
Power
strategy
Appreciation
punishment
A wide span for the same number of employees, means a _______ organization with fewer management levels
tall
flat
wide
broad
The maximum span of management of super manager, whose functions involve only broad policy control rather than direct supervision can be _________ subordinates.
50
25
6
8
Which is the widely used departmentalization?
Process
function
purpose
HR
In ____________ accounting, it is difficult to judge whether the activities of a particular department are worth their cost.
cost pot
clear pot
common pot
crystal pot
____________ departmentalization leads to continuous and undivided attention to the product.
function
Product
purpose
planning
________departmentalization may result in underutilization of resources and facilities in some departments.
Customer
Product
purpose
planning
In departmentalization by ____________, activities are grouped on the basis of timing of their performance.
customer
geographical
planning
purpose
Who appoints the executive for middle level, i.e. department managers?
Top management
Middle management
Lower management
supervisor
Which departmentalization violates the traditional organizational principle of unity of command?
purpose
Product
combined
Time
_________________of organizations considers
the extent to which an organization relies on rules and procedures to direct the behavior of its employees.
centralization
Formalization
complexity
management
In this type of structure, the content of communication is information and advice and not commands and instructions.
organic
narrow
sandwich managers
mechanistic
classical view of source of authority is also known as ___________ .
formal
subordinate
humanistic
modern
____________________ as the basis of authority implies that the superior has contractual support.
tradition
modernity
Rationality-legality
Charisma
What is NOT complained about line by the staff?
They are efficient
They are bull-headed
They fear changes
They resist new ideas
Decentralization unclogs the communication process and improves the organisation's efficiency.
The statement is correct.
The statement is incorrect
cannot say
I do not know
Decentralization does not lead competitive climate in an organization.
The statement is correct.
The statement is incorrect
cannot say
I do not know
Generally speaking, owner-managed enterprises tend to be more _____________.
wide structured
centralised
professionally managed
decentralized
Economics is a ______________ science deals with the material happiness or economic well being of the people
Political Science
Social Science
Psychology
Metaphysical Science
________ is of opinion that economics is a science of human behaviour as a relationship between ends and scarce means which have alternative uses
Adam Smith
Alferd Marshal
Lionel Robbin
Paul Samuelson
Which of the following is not an essential condition of pure competition?
Large number of buyers and sellers
Homogeneous product
Freedom of entry
Absence of transport cost
Under which of the following forms of market structure does a firm has no control over the price of its product:
Monopoly
Oligopoly
Monopolistic competition
Perfect competition
Profits of the firm will be more at:
MR = MC
Additional revenue from extra unit equals its additional cost
Both of above
None
Monopolist can determine:
Price
Output
Either price or output
None
Market which have two firms are known as:
Oligopoly
Duopoly
Monopoly
Oligopoly
Firms in a monopolistic market are price _______:
Takers
Givers
Makers
Acceptors
Under monopoly price discrimination depends upon:
Elasticity of demand for commodity
Elasticity of supply for commodity
Size of market
All of above
What should firm do when Marginal revenue is greater than marginal cost?
Firm should expand output
Effect should be made to make them equal
Prices should be covered down
All of these
Which of the following is the most competitive market structure?
Perfect competition
Monopolistic
Oligopoly
Monopoly
hich of the following is NOT a feature of monopolistic competition?
Numerous sellers
Product differentiation
Numerous buyers
Homogenous products
Which of the following is different about perfect competition and monopolistic competition?
A) Firms in monopolistic competition compete on their product's price as well as its quality and marketing.
B) In monopolistic competition, entry into the industry is unblocked.
C) Perfect competition has a large number of independently acting sellers.
D) Only firms in monopolistic competition can earn an economic profit in the short run
Which of the following is an example of a monopolistically competitive industry?
wheat farming
colleges and universities
he local electricity producer
the domestic automobile producing industry
In the terminology of economics and money demand, the terms M1 and M2 are also known as :
Short money
Long money
Broad money
Narrow money
In the terminology of economics and money demand, the terms M3 and M4 are also known as :
Short money
Long money
Broad money
Narrow money
What is the Cash Reserve Ratio (CRR)?
the fraction of the deposits that commercial banks lend to the customers
the fraction of the deposits that RBI must keep with commercial banks
the fraction of the deposits that commercial banks must keep with RBI
none of the above
What is the Gross National Product minus the depreciation?
Gross Domestic Product
Gross National Product
Net Domestic Product
Net National product
Who is called as the 'founding father of modern economics'?
Adam Smith
John Maynard Keynes
F. Hayek
Samuelson
Which of the following is not correct ?
NNPMP = GNPMP. depreciation
NNPMP = NNPFC + net indirect taxes
GDPMP = GNPMP +.NFIA
NDPFC = GDPFC – depreciation
Net national product at factor cost is also known as:
Net Domestic product
Gross National product
National Income
Personal Income
Opportunity cost is:
Direct cost
Total cost
Accounting cost
Cost of foregone opportunity
As output increases, average fixed cost:
Remains constant
Starts falling
Start rising
None
Economic cost excludes:
Accounting cost + explicit cost
Accounting cost + implicit cost
Explicit cost + Implicit cost
Accounting cost + opportunity cost
Which of the following cost curves is never ‘U’ shaped?
Average cost curve
Marginal cost curve
Total cost curve
Fixed cost curve
When poverty is taken in relative term and is related to the distribution of income consumption expenditure its called:
Law line poverty
Absolute poverty
Relative poverty
None
EAS stands for :
Education Assurance Scheme
Employment Assurance Scheme
Electrification Assurance Scheme
Education Assurance Services
When prices are falling continuously, the phenomenon is called:
Inflation
Stagflation
Deflation
Reflation
Which measures are followed by the government for handling inflation?
Monetary measures
Fiscal measures
Controlling Investments
All of these
When price increases due to increase in factor prices it is ______.
Demand pull inflation
Cost pull inflation
Stagflation
None of the above.
Inflation is measured on the basis of:
Wholesale price index
Consumer price index
Marshall’s index
All of these
Bills of exchange are sometimes known as:
Near money
Transferable assets
Claims receivable
Business obligations
. The issue of one rupee currency note in India is the liability of the:
Issue Department of the RBI
Government of India
State Bank of India
Banking Department of the RBI
________ refers to that portion of total deposits with a commercial bank has to keep with the central bank:
SLR
Bank rate
CRR
None
Which of the following is not a selective credit control method :
Rationing of credit
Direct Action
Changes in margin requirements
Reserve Requirement
Buying and selling of securities or bills in open market is called:
Cash Reserve Ratio
Open Market operation
Bank rate policy
None of these
Which of the following is the monetary authority on a country?
The government of the country
The Banking system of the country
The Central Bank of the country
All of these
____________ is the point where total sale equals total cost or where there is no profit, no loss.
Break Even analysis
Break even point
Margin of safety
None
_______ poverty indicates the deficiency in absolute standard of minimum quantities of basic needs.
poverty
Relative poverty
Absolute poverty
unemployment
_____________ type of unemployment refers to mismatch between the job seeker and job providers
Structural
cyclical
disguise
seasonal
__________ refers to unwillingness of job by a ob seeker to a job offer
Voluntary
Involuntary
Hidden employment
None of above
_______________ inflation exorbitant rise in prices of commodities which makes the value of money insignificant.
War time
Hyper
Cost-push
Demand pull
