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BUSINESS STUDIES MT 4

Total questions: 60

Worksheet time: 2hrs 0mins

Name
Class
Date
1.

Efficiency means....

a)

Doing the task correctly

b)

Doing the task with minimum cost

c)

Deriving more benefits by using less resources

d)

All of the above

2.

Which function of management ensures completing work as planned –

a)

Controlling

b)

Coordination

c)

Directing

d)

Organizing

3.

Through ______ management helps individuals to develop team spirit, cooperation and commitment of group success.

a)

Coordination

b)

Directing

c)

Planning

d)

Staffing

4.

This function of management provides right kind of people for the job –

a)

Planning

b)

organizing

c)

staffing

d)

Directing

5.

Which of the following statements is true with reference to principles of management?

a)

The principles of management have evolved

b)

The principles of management are yet to be evolved

c)

The principles of management are in the continuous process of evolution

d)

None of the above

6.

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

a)

Cause and effect relationships

b)

Optimum utilisation of resources and effective administration

c)

Formed by practice and experimentation

d)

Mainly behavioural

7.

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.

a)

Discipline

b)

Equity

c)

Division of work

d)

Order

8.

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."

a)

Authority and responsibility

b)

Esprit De Corps

c)

Unity of command

d)

Order

9.

When countries depend on each other for goods and services this is called -

a)

Geographical dependence

b)

Cultural diffusion

c)

Globalization

d)

Multiculturalism

10.

Relaxing the restrictions and controls imposed on Business and industry means


a)

Globlization

b)

Liberalization

c)

Privatization

d)

None of the above

11.

In India, Liberalization & privatization began from----

a)

1991

b)

1950

c)

1981

d)

1971

12.

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?

a)

Legal Environment

b)

Political environment

c)

Social Environment

d)

Economic Environment

13.

Which of the following is not a benefit of planning?

a)

planning reduces overlapping and wasteful activities

b)

planning is a mental exercise

c)

planning provides directions

d)

planning reduces the risk of uncertainty

14.

which of the following statement is true with reference to planning?

a)

planning is pre-requisite for controlling

b)

planning does not lead to rigidity

c)

planning enables a manager to look ahead and anticipate changes

d)

planning facilitates co-ordination among departments and individuals in the organisation

15.

what is known as primarry function of management?

a)

controlling

b)

organising

c)

planning

d)

staffing

16.

all other managerial functions are performed within the framework of the plans drawn . identify the related feature of planning

a)

planning focuses on achieving objectives

b)

planning is pervasive

c)

planning is futuristic

d)

planning is primary function of management

17.

Which of the following is not an element of delegation?

a)

Accountability

b)

Authority

c)

Responsibility

d)

Informal Organisation

18.

Span of management refers to

a)

Number of managers

b)

Length of term for which a manager is appointed

c)

Number of subordinates under a superior

d)

Number of in members in top management

19.

Grouping activities on the basis of functions is a part of _____________.

a)

Decentralised Organisation

b)

Divisional Organisation

c)

Functional Organisation

d)

Centralised Organisation

20.

Under ________, a manager gains experience in all functions related to a particular product.

a)

Functional structure

b)

Divisional structure

21.

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.

a)

Functional structure

b)

Relational structure

c)

Divisional structure

d)

None of the above.

22.

Which of the following is not an element of delegation?

a)

Responsibility

b)

Authority

c)

Accountability

d)

Decentralisation

23.

The authority flows from

a)

Bottom to top

b)

Top to Bottom

c)

In all directions

d)

None of the above

24.

The accountability flows

a)

In all directions

b)

Downwards

c)

Upwards

d)

None of the above

25.

The highest level need in the Maslow's hierarchy theory of motivation is

a)

Esteem need

b)

Social need

c)

Self actualization need

d)

Safety need

26.

Grapevine is

a)

Formal communication

b)

Barriers to communication

c)

Lateral communication

d)

Informal communication

27.

Which of the following is a financial incentive?

a)

Job enrichment

b)

organisational climate

c)

Job security

d)

Retirement benefits

28.

The communication network in which all subordinates under a supervisor communicate through supervisor only is:

a)

Single Chain

b)

Inverted-V

c)

Wheel

d)

Free flow

29.

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)

a. Recognition

b)

b. Job enrichment

c)

c.Job Security

d)

d. Fringe benefit

30.

Name the style of leadership in which a leader gives orders and insists that they are obeyed.

a)

Democratic leadership

b)

laissez-faire leadership

c)

Autocratic leadership

d)

Participative leader

31.
Keeping a check on the working of employees is
a)
Supervision
b)
Motivation
c)
Directing
d)
none of the above
32.

Q1. ------------------------- ensures that actual activities conform to planned activities .

a)

Planning

b)

Organising

c)

Controlling

d)

Staffing

33.

Q2. Which of the following is a characteristic of controlling?

a)

Goal oriented

b)

Pervasive

c)

Continuous

d)

All

34.

When something goes wrong in these areas, the entire organisation suffers. They are ----------------------

a)

Key Defining Areas

b)

Key losing Areas

c)

Key Performing Areas

d)

Key Result Areas

35.

Identify the incorrect statement

a)

Planning without controlling is meaningless

b)

Planning is blind without controlling

c)

Planning and controlling are both forward looking

d)

Planning and controlling are both backward looking

36.

It refers to the process of searching for prospective employees and stimulating them to apply for jobs in the organisation.

a)

Selection

b)

Training and Development

c)

Recruitment

d)

Orientation

37.

It is the process of choosing from the pool of the prospective job candidates developed at the stage of recruitment.

a)

Recruitment

b)

Selection

c)

Training and Development

d)

Placement and Orientation

38.

It is the process of introducing the selected employee to other employees and familiarising him with the rules and policies of the organisation.

a)

Recruitment

b)

Selection

c)

Training and Development

d)

Orientation

39.

It refers to the employee occupying the position or post for which the person has been selected.

a)

Recruitment

b)

Selection

c)

Placement

d)

Training and Development

40.

In staffing function, which combination of activities in sequential order is correct?

a)

Recruitment, selection, training, placement

b)

Selection, training, recruitment, placement

c)

Recruitment, selection, placement, training

d)

Recruitment, training, selection, placement

41.

The various activities involved in the process of recruitment include

a)

Identification and assessment of the different sources of recruitment

b)

Selecting the most suitable source or sources

c)

Inviting applications from the prospective candidates

d)

All the above

42.

It refers to the horizontal movement of employees along the organisational structure,

a)

Transfer

b)

Promotion

c)

Demotion

d)

All the above

43.

From among the following, identify the factor which does not form part of facilitating function of marketing?

a)

Financing

b)

Risk bearing

c)

Packaging

d)

Standardization

44.

Needs of _________ are being focused in Marketing.

a)

Customer

b)

producer

c)

Retailer

d)

wholesaler

45.

This marketing concept focuses on persuading and convincing customers to buy the Products-

a)

production

b)

product

c)

selling

d)

marketing

46.

______ refers to classifying the product into different groups with same characteristics.

a)

grading

b)

branding

c)

packaging

d)

labeling

47.

Which among the following is not an element of marketing mix –

a)

Product

b)

Price

c)

Place

d)

Advertising

48.

The main function of __________ is to provide information required by law.

a)

Labelling

b)

packaging

c)

Branding

d)

all the above

49.

To provide protection to the consumers against the improper behaviour of the producers and sellers is called ____________.

a)

Consumers Protection Act

b)

Consumer Protection

c)

Consumer Welfare

d)

Consumer Education

50.

Don’t purchase in haste’, this is an important ____________ of the consumer.

a)

Responsibility

b)

Right

c)

Act

d)

All the above

51.

Disputes of ____________ amount are settled at the level of District Forum?

a)

Upto rupees ten lakh

b)

Upto rupees thirty lakh

c)

Upto rupees fifty lakh

d)

Upto rupees twenty lakh

52.

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?

a)

Exploitation of consumer

b)

Welfare of consumer

c)

Information for consumer

d)

None of these

53.

What type of instruments are traded in a Money Market?

a)

Call money

b)

Treasury bills

c)

Commercial bills

d)

All of the above

54.

A treasury bill is an instrument of:

a)

Dividend

b)

Short term debt

c)

Long term debt Interest

55.

Treasury bills are also known as:

a)

Fixed interest Bonds

b)

Flat Rate Bonds

c)

Low-Interest Bonds

d)

Zero-Coupon Bonds

56.

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.

a)

Offer through prospectus

b)

Offer for sale

c)

Rights issue

d)

Private placement

57.

Financial management is mainly concerned with

a)

All aspects of acquiring and utilizing financial resources for firms activities

b)

Arrangement of funds

c)

Efficient Management of every business

d)

Profit maximisation

58.

Market value of shares are decided by

a)

the respective companies

b)

the investment market

c)

the government

d)

the shareholders

59.

Market value of shares is influenced by

a)

financing decision

b)

investment decision

c)

dividend decision

d)

financial decision

60.

Financial management aims at

a)

ensuring availability of enough funds

b)

reducing the cost of funds procured

c)

effective deployment of funds

d)

all of the above