Business Studies

Question 1

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 same; the prosperity for the employer cannot exist for the employer cannot exist for a long time unless it is accompanied by prosperity for the employees and vice versa.”

Answer 1

Harmony, not discord

Question 2

Which of the following does not apply to Principles of Management?
A) Applicable in large firms
B) Formed by practice and experimentation
C) Flexible
D) Contingent

Answer 2

Applicable in large firms

Question 3

Which of the following quality a manager must possess to succeed in planning?
A) Reflective Thinking
B) Imagination
C) Foresight
D) All of these

Answer 3

All of these

Question 4

Under which environment effect, IBM and Coca-Cola had to leave India?

Answer 4

Political

(Multinational corporations were urged to invest in India by the new government.
As a result, the entrances to the environmental impact.
Accordingly, Coca-Cola and IBM left the. Indian market once again arrived at the market. )

Question 5

The principles are guidelines to action but do not provide readymade, straitjacket solutions to all managerial problems. This is so because.

Answer 5

Real business situations are very complex and dynamic and are a result of many factors.

Question 6

The principles of management are said to be flexible as

Answer 6

They can be modified by the manager when the situation so demands.

Question 7

National Vritech Ltd. has grown in size. It was a market leader but with changes in business environment and with the entry of MNCs, its market share is declining. To cope up with the situation, the CEO starts delegating some of his authority to the General Manager, who also felt himself overburdened and with the approval of CEO disperses some of his authority to various levels throughout the organisation. Identify the concept of management discussed above
A) Delegation
B) Decentralization
C) Both (a) and (b)
D) None of these

Answer 7

Both (a) and (b)

Question 8

What stage does the requisition of employees occupy in the process of recruitment?

Answer 8

First

Question 9

Which of the following capital structure consist of zero debt components in the structure mix?
A) Pyramid Shaped Capital Structure
B) Inverted Pyramid Shaped Capital Structure
C) Horizontal Capital Structure
D) Vertical Capital Structure

Answer 9

Horizontal Capital Structure

Question 10

Which of the following is a short term borrowing instrument issued by the Government of India and It is also known as zero coupon bonds?

Answer 10

Treasury Bills

Question 11

Which of the following reasons is not responsible for the ups and downs in the Sensex?
1) Rain
2) Monetary policy
3) Political instability
4) None of the above

Answer 11

None of the above

Question 12

Identify the style of leadership in which the superior uses file forces from within the groups in order to establish control.

Answer 12

Democratic leadership

Question 13

Assertion: in any organisation coordination is required so that production and sales departments can work hand in han
Reason: coordination integrates group effort

Answer 13

Both assertion and reason are true but reason is not the correct explanation for assertion.
(The reason for the given assertion is that coordination ensures unity of action it acts as a binding force between departments)

Question 14

It is a common view that efficient management always satisfies its employees which point of feature of management is discussed here

Answer 14

Intangible force

Question 15

Levels of management in a organisation serve as a ________ line among the different managerial posts

Answer 15

Dividing

Question 16

Principles of scientific management are universally applicable

Answer 16

False

Question 17

The technique of mental revolution is derived from the scientific principle of cooperation not individualism given by Taylor

Answer 17

Partially false

Question 18

Gang plank permits direct communication between

Answer 18

Employees working at the same level

Question 19

Assertion: Unity of command with the objective of one head one plan ensures unity of action and coordination
Reason: as dual subordination is awarded through unity of command there is no confusion regarding the task to be done

Answer 19

Assertion is false but reason is true
(It is unity of direction and not the unity of command which ensures unity of action and coordination as its objective is one head one plan unity of command talks about one person one boss)

Question 20

According to tailor they are should be almost equal division of work and responsibility between workers and management

Answer 20

Yes, principle of corporation at individualism says so.

Question 21

Who coined the metaphor “Invisible hand” in the Theory of Moral Sentiments?

Answer 21

Adam Smith

Question 22

By extension of control means:

Answer 22

A senior officer can control only a limited number of executives.

Question 23

_______ gains potency as it is handed down from generation to generation.

Answer 23

Society

Question 24

The challenge of creating team players will be greatest where the national culture is __________.

Answer 24

individualistic

Question 25

Managerial Grid suggests the following as the best leader behaviour :

Answer 25

High concern both for production and people

Question 26

The major functions in business organizations are:

Answer 26

Overlapping (For theoretical purposes, it may be convenient to separate the function of management but practically these functions are overlapping in nature i.e. they are highly inseparable. Hence, Option 1 is correct.)

Question 27

Working capital requirements are low when an organisation has

Answer 27

high creditors

Question 28

The recruitment process starts with:

Answer 28

Recruitment Planning

Question 29

Aditi applied for the post of an art and craft teacher in a reputed school in Delhi. After successfully clearing the tests and the interview, she was offered an employment contract containing the terms and conditions, and the date of joining. Identify the steps in the staffing selection process being described in the above lines.

Answer 29

Job offer

Question 30

Management is an organ, organs can be described and defined only through their functions. This definition was given by ____________.

Answer 30

Peter F. Drucker

Question 31

The term ‘redeemable’ is used for

Answer 31

Preference shares

Question 32

SEBI has constituted a committee under TK Viswanathan for ________.

Answer 32

Fair market conduct

Question 33

What is Call Money?

Answer 33

It is an overnight loan in the Money Market

Question 34

Recruitment is a _______process.

Answer 34

Positive

Question 35

Arrange the following steps involved in the process of financial planning in the correct sequence.

Answer 35

Preparation of a sales forecast, Preparation of financial statements, Estimation of expected profit

Question 36

Commercial paper can be issued,

Answer 36

By all corporates with net worth of atleast Rs. 4 crore

Question 37

When Nina was not given the position of the plot by the builder even though she gave the full price of the plot as per the terms and conditions of the allotment letter she find a case in the state commission identify the right of consumer being exercise in the given case

Answer 37

Right to be heard

Question 38

It is suitable for filling casual vacancy when workload is high or when certain number of permanent employees are absent

Answer 38

Direct recruitment

Question 39

Indian entrepreneurship development institute is located in

Answer 39

Ahmedabad

Question 40

Which is a behaviour that is not associated with successful entrepreneurship

Answer 40

Running your business on day to day basis

Question 41

Treasury bill is considered as negotiable instrument

Answer 41

because it is freely transferable and guarantees the payment of a specific amount of money through demand or after stipulated time.

Question 42

Why should decentralization be implemented with coution

Answer 42

As it can cause disintegration of the organisation

Question 43

Under which condition will the company will not be able to provide high level of customer service

Answer 43

When it maintains low level of inventory

Question 44

Write of consumer protection are protected under

Answer 44

Consumer protection act 1986

Question 45

In under developed countries local mobile phone companies use the same technology used by big companies to manufacture their products which of the following types of entrepreneurship is highlighted in the above case

Answer 45

Imitative entrepreneurship

Question 46

Name the country in which management is accepted as a profession

Answer 46

America and Japan

Question 47

Individuals opting for a career in the periodship are ready to take risk the depth of that risk is

Answer 47

High

Question 48

Which of the following sentences is inconsistent in the context of entrepreneurs

Answer 48

He operates production activities

Question 49

What is the new claim range in all the consumer courts

Answer 49

District commission: up to 50 lacs State commission: 50 lacs to 2 crore National commission: above 2 crore

Question 50

In case of consumer not being satisfied with the order past in the state commission he can for the make an appeal in the National commission within the time period of

Answer 50

30 days

Question 51

Organising stimulates creativity among the managers

Answer 51

True

Question 52

After a trade has when executed the broker issues a contract note to the investor within

Answer 52

24 hours

Question 53

Which of the following is not a disadvantage of formal organisation a) lack of incentive initiative b) delay in the work c) lack of favouriteism d) mechanical relationship

Answer 53

Lack of favouriteism

Question 54

Mitali limited has hired 500 salesman who will be assigned the task of contacting perspective buyers and creating awareness about the new range of organic soaps introduced by the company identify the element of promotion being described in the given lines

Answer 54

Personal selling

Question 55

Name the decision which affects both profitability and financial risk A) Financial planning decision B) Capital budgeting decision C) Capital structure decision D) All of the above

Answer 55

All of the above

Question 56

According to henry fayol if this principal of general management is violated, authority is undermined, discipline is in jeopardy, the order is disturbed and stability is threatened identify the principal

Answer 56

Unity of command

Question 57

State true or false there is a direct relationship between call rates and other short term money market instruments

Answer 57

False

Question 58

Communication is a process by which people create in share information with one another in order to reach common understanding the definition was given by

Answer 58

Everett Rogers and D. Lawrence Kincaid (1981)

Question 59

What are trait theories

Answer 59

Approach to the study of human personality

Question 60

It means the process of making subordinate act in a desired manner to achieve certain organisational

Answer 60

Motivation

Question 61

Who said "management is a multiple purpose organ that manages a business, manages a manager and manages workers and work"

Answer 61

Peter Drucker