WorksheetsBUSINESS STUDIES MT 4
Total questions: 60
Worksheet time: 2hrs 0mins
Efficiency means....
Doing the task correctly
Doing the task with minimum cost
Deriving more benefits by using less resources
All of the above
Which function of management ensures completing work as planned –
Controlling
Coordination
Directing
Organizing
Through ______ management helps individuals to develop team spirit, cooperation and commitment of group success.
Coordination
Directing
Planning
Staffing
This function of management provides right kind of people for the job –
Planning
organizing
staffing
Directing
Which of the following statements is true with reference to principles of management?
The principles of management have evolved
The principles of management are yet to be evolved
The principles of management are in the continuous process of evolution
None of the above
The principles of management enhance the understanding of relationship between human and material resources for the achievement of organisational goals. Identify the feature of the principles of management being described in the given statement
Cause and effect relationships
Optimum utilisation of resources and effective administration
Formed by practice and experimentation
Mainly behavioural
The application of this principle of management leads to higher production and better work for the same effort. Identify the related principle of general management.
Discipline
Equity
Division of work
Order
Name the principle of management suggested by Henri Fayol, which advocates that, "there should be good superiors at all levels, clear and fair agreement and judicious application of penalties."
Authority and responsibility
Esprit De Corps
Unity of command
Order
When countries depend on each other for goods and services this is called -
Geographical dependence
Cultural diffusion
Globalization
Multiculturalism
Relaxing the restrictions and controls imposed on Business and industry means
Globlization
Liberalization
Privatization
None of the above
In India, Liberalization & privatization began from----
1991
1950
1981
1971
Just after the declaration of the results of the Lok Sabha Elections, 2009, the Bombay Stock Exchange’s price index (Sensex) rose by 2100 points in a day. Identify the environmental factor which led to this rise?
Legal Environment
Political environment
Social Environment
Economic Environment
Which of the following is not a benefit of planning?
planning reduces overlapping and wasteful activities
planning is a mental exercise
planning provides directions
planning reduces the risk of uncertainty
which of the following statement is true with reference to planning?
planning is pre-requisite for controlling
planning does not lead to rigidity
planning enables a manager to look ahead and anticipate changes
planning facilitates co-ordination among departments and individuals in the organisation
what is known as primarry function of management?
controlling
organising
planning
staffing
all other managerial functions are performed within the framework of the plans drawn . identify the related feature of planning
planning focuses on achieving objectives
planning is pervasive
planning is futuristic
planning is primary function of management
Which of the following is not an element of delegation?
Accountability
Authority
Responsibility
Informal Organisation
Span of management refers to
Number of managers
Length of term for which a manager is appointed
Number of subordinates under a superior
Number of in members in top management
Grouping activities on the basis of functions is a part of _____________.
Decentralised Organisation
Divisional Organisation
Functional Organisation
Centralised Organisation
Under ________, a manager gains experience in all functions related to a particular product.
Functional structure
Divisional structure
Uranus Limited is a company dealing in metal products. The work is mainly divided into functions including production, purchase, marketing, accounts and personnel. Identify the type of organisational structure followed by the organisation.
Functional structure
Relational structure
Divisional structure
None of the above.
Which of the following is not an element of delegation?
Responsibility
Authority
Accountability
Decentralisation
The authority flows from
Bottom to top
Top to Bottom
In all directions
None of the above
The accountability flows
In all directions
Downwards
Upwards
None of the above
The highest level need in the Maslow's hierarchy theory of motivation is
Esteem need
Social need
Self actualization need
Safety need
Grapevine is
Formal communication
Barriers to communication
Lateral communication
Informal communication
Which of the following is a financial incentive?
Job enrichment
organisational climate
Job security
Retirement benefits
The communication network in which all subordinates under a supervisor communicate through supervisor only is:
Single Chain
Inverted-V
Wheel
Free flow
S Ltd assured their employees that in spite of recession no worker will be retrenched form the job. Name the type of incentive offered to the employees.
a. Recognition
b. Job enrichment
c.Job Security
d. Fringe benefit
Name the style of leadership in which a leader gives orders and insists that they are obeyed.
Democratic leadership
laissez-faire leadership
Autocratic leadership
Participative leader
Q1. ------------------------- ensures that actual activities conform to planned activities .
Planning
Organising
Controlling
Staffing
Q2. Which of the following is a characteristic of controlling?
Goal oriented
Pervasive
Continuous
All
When something goes wrong in these areas, the entire organisation suffers. They are ----------------------
Key Defining Areas
Key losing Areas
Key Performing Areas
Key Result Areas
Identify the incorrect statement
Planning without controlling is meaningless
Planning is blind without controlling
Planning and controlling are both forward looking
Planning and controlling are both backward looking
It refers to the process of searching for prospective employees and stimulating them to apply for jobs in the organisation.
Selection
Training and Development
Recruitment
Orientation
It is the process of choosing from the pool of the prospective job candidates developed at the stage of recruitment.
Recruitment
Selection
Training and Development
Placement and Orientation
It is the process of introducing the selected employee to other employees and familiarising him with the rules and policies of the organisation.
Recruitment
Selection
Training and Development
Orientation
It refers to the employee occupying the position or post for which the person has been selected.
Recruitment
Selection
Placement
Training and Development
In staffing function, which combination of activities in sequential order is correct?
Recruitment, selection, training, placement
Selection, training, recruitment, placement
Recruitment, selection, placement, training
Recruitment, training, selection, placement
The various activities involved in the process of recruitment include
Identification and assessment of the different sources of recruitment
Selecting the most suitable source or sources
Inviting applications from the prospective candidates
All the above
It refers to the horizontal movement of employees along the organisational structure,
Transfer
Promotion
Demotion
All the above
From among the following, identify the factor which does not form part of facilitating function of marketing?
Financing
Risk bearing
Packaging
Standardization
Needs of _________ are being focused in Marketing.
Customer
producer
Retailer
wholesaler
This marketing concept focuses on persuading and convincing customers to buy the Products-
production
product
selling
marketing
______ refers to classifying the product into different groups with same characteristics.
grading
branding
packaging
labeling
Which among the following is not an element of marketing mix –
Product
Price
Place
Advertising
The main function of __________ is to provide information required by law.
Labelling
packaging
Branding
all the above
To provide protection to the consumers against the improper behaviour of the producers and sellers is called ____________.
Consumers Protection Act
Consumer Protection
Consumer Welfare
Consumer Education
Don’t purchase in haste’, this is an important ____________ of the consumer.
Responsibility
Right
Act
All the above
Disputes of ____________ amount are settled at the level of District Forum?
Upto rupees ten lakh
Upto rupees thirty lakh
Upto rupees fifty lakh
Upto rupees twenty lakh
A producer of Surajmukhi claimed in an advertisement in a national newspaper that his product has large amount of vitamins, Minerals and Proteins. However, tests indicated that it was a false claim. Whose example is this?
Exploitation of consumer
Welfare of consumer
Information for consumer
None of these
What type of instruments are traded in a Money Market?
Call money
Treasury bills
Commercial bills
All of the above
A treasury bill is an instrument of:
Dividend
Short term debt
Long term debt Interest
Treasury bills are also known as:
Fixed interest Bonds
Flat Rate Bonds
Low-Interest Bonds
Zero-Coupon Bonds
Jayant is holding a hundred shares of a company. He has been given a privileged offered to subscribe to a new issue of shares of the same company in the proportion of 2:1 to the number of shares already possessed by him. Identify the method of floatation being described in the above case.
Offer through prospectus
Offer for sale
Rights issue
Private placement
Financial management is mainly concerned with
All aspects of acquiring and utilizing financial resources for firms activities
Arrangement of funds
Efficient Management of every business
Profit maximisation
Market value of shares are decided by
the respective companies
the investment market
the government
the shareholders
Market value of shares is influenced by
financing decision
investment decision
dividend decision
financial decision
Financial management aims at
ensuring availability of enough funds
reducing the cost of funds procured
effective deployment of funds
all of the above
