Identify the statement that defines the techniques of management?

After completing his PGDBM course from IIM, Daksh took over the business of his father. Now he started making a practical use of his theoretical knowledge of management. But right from the very beginning, he was faced with one problem. For the last three years continuously, he had been observing that whatever the salestarget he would fix, he neversucceeded to achieve it fully. He studied this problem thoroughly and found that it so happened because in the first year (of his taking over the business) the government at the centre changed; in the second year, there was a change in fashion and in the third year, several competing firms entered the market. Now he realised that planning does not foresee everything and that several problems come in the way of effective planning. Identify the ‘limitation of planning’ in the event discussed above.

Statement I : Method study means finding the one best way of doing a task. Statement II : Fatigue study means eliminating the unnecessary movements. Choose the correct option from the options given below:

Identify the process illustrated by the picture above in which the superior Mr. Raj is providing a part of his authority to Mr. Narayan one of his subordinate for making decisions.

_______refers to process by which skills and abilities of employees to perform specific jobs are increased.

Name the process which co-ordinates human efforts, assembles resources and integrates both into a unified form to be utilized for achieving specified objectives.

Expert Machines Privet Limited need ` 20 crore as additional capital to expand their business. Mr. Bahal, the CEO of the company wants to raise funds through equity. The finance manager, Mr. Rajes, suggested that the shares may be sold to investing public through intermediaries, as the same will be less expensive. The proposal was accepted. Name the method through which the company decided to raise additional capital.

Which of the following environment belongs to high inflation rate?

According to this principle of scientific management, “Scientific management has for its foundation the firm conviction that true interest of the management and workers are one and the same; the prosperity for the employer cannot exist for a long time unless it is accompanied by prosperity for the employees and vice-versa.” Identify the principle.

Identify the nature of management highlighted in the following statement “Certain management Associations like AIMA, have formulated ethical codes for managers, but there is no legal support for it.”

‘Welcome Stay is a well-known resort for organising parties, especially for children. However, in past 6 months its popularity has reduced considerably as a new resort with better ambience and facilities has opened within its vicinity. Name the related feature of business environment which has influenced the business of Welcome Stay adversely.

Arrange the correct sequence of the following functions of a manager in an organisations. (i) Motivation (ii) Controlling (iii) Organising (iv) Planning

“Introducing a scheme of 50% + 40% less by Koutons” is an example of which sales promotion technique?

A scientist working in a factory for the betterment of the operational aspect studied all the steps involved in the manufacturing of the product. He very attentively noticed all sorts of movements to arrive at a simpler way of doing all the activities possible. With his hard work, he was able to bring down the number of activities for the manufacturing of the final product from 34 to 22. This work was able to bring down the labour charges and decrease the total time of production. Thus, he gave the organisation an added advantage. Which type of scientific technique is discussed here?

Which statement is not correct with respect to ‘organisation structure’?

Statement I : Continuity of planning is related with the planning cycle. Statement II : A plan is framed, implemented and is followed by another plan and so on. Choose the correct option from the options given below:

Elegant Parts Private Limited is engaged in manufacturing machine components. The target production is 450 units per day. The company had been successfully attaining this target until four months ago. Over the last four months, it has been observed that daily production varies between 350-370 units. Identify the management function to rectify the above situation.

Assertion (A) Even a small production activity like loading pigs of iron into boxes can be scientifically planned and managed. Reason (R) Taylor believed that there was only one best method to maximise efficiency.

Match the following.