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Principles and Practices of Management

Question Paper – 1
LIST OF ATTEMPTED QUESTIONS AND ANSWERS

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Principles and Practices of Management

Correct Answer Assignment

Your Answer Assignment

Multiple Choice Single Answer


Question State the barriers to delegation of authority?

Correct Answer Over-confidence

Your Answer Over-confidence

True/False
Question Communication in industry is a phase both of organisation and moral
building.
Correct Answer True

Your Answer True

Multiple Choice Single Answer


Question Name the group of related businesses that can be taken for the sake of
strategic planning, distinct from the rest of the businesses
Correct Answer strategic business units

Your Answer corporation units

Multiple Choice Multiple Answer


Question RBI's present report on currency and finance divides the sector into

Correct Answer consumer services , Govt. services , producer services

Your Answer consumer services , Govt. services , ) transportation services

True/False
Question Learning organizations should be adaptive to their internal environment.

Correct Answer False

Your Answer True

Multiple Choice Single Answer


Question Which of the following is not an area of operation of event management?

Correct Answer banking

Your Answer banking

Select The Blank

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Principles and Practices of Management

46. What type of planning Indian business families are doing

a) Forward
Family
b
Succession – Correct Answer
)
Joint
c)
d
)
47. In addition to Place, Labor and Money which other internal environment Factor influences
Management?

a) Technology
Machines – Correct Answer
b Scientists
) Professionals
c)
d
)
48. Science is a body of which type of Knowledge?

a) Assimilated
Organized – Correct Answer
b
Superior
)
Specific
c)
d
)
49. Management is purposeful and what?
a) Objective
Progressive
b
Goal oriented – Correct Answer
)
Universal
c)
d
)
50. Management exists at which levels of the organization?

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Principles and Practices of Management

a) Top
Bottom
b
Decision-making
)
All – Correct Answer
c)
d
)
51. Profession requires definite period of what?

a) Practice
Discipline
b
Understanding
)
Learning – Correct Answer
c)
d
)
52. Professional managers help organizations in chalking out which type of strategies?

a) Multidisciplinary
Competitive
b
Corporate – Correct Answer
)
Academic
c)
d
)
53. Features of Management are as follows
a) goal oriented
universal
b
continuous process
)
non-continuous process
c)
d
)
54. Management is multidisciplinary, it includes knowledge/ information from

a) economics
maths
b
physiology
)
psychology
c)
d
)
55. The internal environment factors that influence management are

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Principles and Practices of Management

a) labour
climatic
b
machines
)
place
c)
d
)
56. The external environmental factors that influence management are

a) economic changes
political
b
technological
)
money
c)
d
)

Question Paper – 2

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Multiple Choice Single Answer


Question Who said, “Management is management of Men, Money, Machinery
Materials and Information?”
Correct Answer Anonymous
Your Answer Anonymous

Multiple Choice Single Answer

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Principles and Practices of Management

Question Who said, “Management is the creation and maintenance of internal


environment in an enterprise, where individuals working in groups can perform
efficiently and effectively towards the attainment of gr
Correct Answer Koontz & O ‘Donell
Your Answer Koontz & O ‘Donell

Multiple Choice Single Answer


Question Who said, “Management is a multiple organ that manages a business,
manages a manager and manages workers and work”?
Correct Answer Peter Drucker
Your Answer Peter Drucker

Multiple Choice Single Answer


Question One of the internal environment factors that influences management is
Correct Answer Place
Your Answer Place

Multiple Choice Single Answer


Question One of the external environment factors that influences Management is
Correct Answer Legal
Your Answer Legal

Multiple Choice Single Answer


Question Management is
Correct Answer Creative
Your Answer Creative

Multiple Choice Single Answer


Question Management is the combination of Arts, Science and
Correct Answer Profession
Your Answer Profession

Select The Blank


Question The word________denotes a function, a task, a discipline.
Correct Answer management
Your Answer decision

Multiple Choice Multiple Answer


Question Name the various characteristics of science
Correct Answer organized knowledge , cause and effect relationship , predictive
power
Your Answer organized knowledge , cause and effect relationship , predictive power

True/False
Question Service sector in India dominates half of our national income.
Correct Answer True

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Principles and Practices of Management

Your Answer False

True/False
Question Important ingredients of the service industry are labour and knowledge.
Correct Answer True
Your Answer True

Multiple Choice Single Answer


Question The forms of companies in the service sector in our new economy are
essentially
Correct Answer Information communicating and entertainment co's (ICE's)
Your Answer Information communicating and entertainment co's (ICE's)

Multiple Choice Single Answer


Question What percentage does the organized sector within the retailing sector
represent?
Correct Answer just 2%
Your Answer just 2%

Multiple Choice Multiple Answer


Question What are the common challenges faced by the retail business?
Correct Answer Special mindset to develop special strategies , Coping with the
change
Your Answer The cultural aspect , Special mindset to develop special strategies ,
Coping with the change

Multiple Choice Single Answer


Question What is sold when an insurance policy is sold?
Correct Answer Promise
Your Answer Promise

Match The Following


Question Correct Answer Your Answer

Self-regulation enabler audit self-regulated co.

Postal ballot system shareholders audit

Markets notice well managed companies shareholders

Continuous communication motivates people motivates people

True/False
Question Insider trading issue is an important aspect of corporate governance.
Correct Answer True

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Principles and Practices of Management

Your Answer True

Multiple Choice Multiple Answer


Question Unethical acts are results of the following factors:
Correct Answer unawareness and insensitivity to issues , selfishness , faulty reasoning
Your Answer unawareness and insensitivity to issues , selfishness , faulty reasoning

True/False
Question Learning from mistakes is often more powerful than learning from success.
Correct Answer True
Your Answer True

Multiple Choice Multiple Answer


Question An SBU is an independent business with a coherent set of
Correct Answer products , competitors , objectives
Your Answer products , competitors , objectives

True/False
Question Emotional distress shrinks working memory.
Correct Answer True
Your Answer True

Multiple Choice Multiple Answer


Question Under mechanism of scientific management, scientific task setting includes :
Correct Answer Time study , Motion study , Method study
Your Answer Time study , Harmony study , Method study

Multiple Choice Multiple Answer


Question Name the books on management written by Peter Drucker.
Correct Answer Frontiers of Management , The practice of management ,
Management, tasks, responsibility
Your Answer Drucker on Asia , Frontiers of Management , The practice of
management , Management, tasks, responsibility

Multiple Choice Single Answer


Question Who is the 'founder of Human Relation'?
Correct Answer Elton Mayo
Your Answer Elton Mayo

Multiple Choice Single Answer


Question Name the specialization where the economists consider necessary for
efficiency in the use of labour.
Correct Answer Division of work
Your Answer Division of work

Match The Following

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Principles and Practices of Management

Question Correct Answer Your Answer

Henry Fayol Referred to as 'The father of modern management theory' Referred to as


'The father of modern management theory'

Federick W.Taylor Referred to as 'The father of scientific management' Referred to as


'The father of scientific management'

Vilfredo Pareto Referred to as 'The father of the social systems approach' to organization
and management Referred to as 'The father of the social systems approach' to
organization and management

W.Edward Deming Introduced quality control in Japan Introduced quality control in


Japan

Multiple Choice Single Answer


Question The person who does not limit the interactions and decisions just to logical
approach, but continuously encourages his team members to think non-logically is
Correct Answer Leader
Your Answer Leader

True/False
Question Gita has nothing to do with leadership in management
Correct Answer False
Your Answer False

Multiple Choice Single Answer


Question What is lacking in Indian business companies management ?
Correct Answer Professionalism
Your Answer Globalisation

Multiple Choice Multiple Answer


Question Name the flagship companies under the Business family "Munjals"
Correct Answer Hero Honda , Hero Cycles
Your Answer Hero Honda , Hero Cycles

Select The Blank


Question If you don't know what you want to achieve, don't call in the ________.
Correct Answer Consultant
Your Answer Consultant

Select The Blank


Question Business ________ is the calculation of probable events to provide against
future.
Correct Answer forecasting

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Principles and Practices of Management

Your Answer controlling

Multiple Choice Multiple Answer


Question Name the following topics that gives an idea about the concept of organizing.
Correct Answer Decentralization , Staffing process , Span of management
Your Answer Staffing process , Span of management , Planning, co-ordinating

Multiple Choice Multiple Answer


Question Barriers to delegation of authority would be :
Correct Answer Lack of trust in subordinates , Fear of loosing status by managers ,
Over-confidence among managers
Your Answer Lack of trust in subordinates , Fear of loosing status by managers , Over-
confidence among managers

Select The Blank


Question Latest approach signifies organization has a part of ________ system.
Correct Answer Social
Your Answer Social

Multiple Choice Single Answer


Question What should be kept open for effective delegation?
Correct Answer Communication
Your Answer Communication

Multiple Choice Single Answer


Question What is the set-up of an organization?
Correct Answer Relationships
Your Answer Relationships

Multiple Choice Single Answer


Question Name one of the factors that govern the span of management.
Correct Answer Type of work
Your Answer Type of work

True/False
Question Delegation and decentralization are closely related to each other.
Correct Answer True
Your Answer True

True/False
Question Decentralization would be preferred in large sized units.
Correct Answer True
Your Answer True

Select The Blank

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Principles and Practices of Management

Question ________ behaviour is obtained when there is a one-way transmission of


orders from superior to subordinates.
Correct Answer Linear
Your Answer Dominating

Select The Blank


Question Managerial function of control is the ________ and correction of
performance of various activities.
Correct Answer measurement
Your Answer measurement

Multiple Choice Single Answer


Question What is possible to enforce among workers when morale is high and when
they are given participating opportunities
Correct Answer Self-discipline
Your Answer Self-controlling

Multiple Choice Multiple Answer


Question The different types of motivators would be
Correct Answer Positive , External , Financial
Your Answer Positive , External , Financial

True/False
Question Morale is the sum total of various physical qualities.
Correct Answer False
Your Answer False

Select The Blank


Question Under the types of motivators, non-financial motivators are encouragement,
freedom ________.
Correct Answer recognition
Your Answer recognition

Select The Blank


Question Physical needs are at the base of the hierarchy theory of motivation while self
actualisation needs are at the ________.
Correct Answer apex
Your Answer apex

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