Question Bank SERIES -1
1 MARK QUESTIONS
1. ’In an organization employees are happy and satisfied, there is no chaos and the effect of management is noticeable.’ Which characteristic of management is highlighted by this statement?
2. Name the process of working with and through others to effectively achieve organizational objectives by efficiently using its limited resources in the changing environment.
3. What are the main objectives of ‘Method Study’?
4. ’Identifying and dividing the work’ is the first step in the process of one of the functions of management. Identify the function.
5. How have the management principles been derived?
6. Name the functions which review the operations in a business unit.
7. Identify the decision taken in financial management which affects the liquidity as well as the profitability of business.
8. State why the working capital needs for a ‘Service-industry’ are different from that of a Manufacturing industry.
9. Shanti wants to buy a packet of fruit-juice. As an aware customer how can she sure about the quality of the fruit-juice she plans to buy?
10. Raghvan filed a case against ‘Zenith Ltd.’ the State Commission .But he was not satisfied with the orders of the State Commission. Name the authority to which he can appeal against the decision of the State Commission.
11. Why is it said that management is a goal-oriented process?
12.“Management helps in development of society.” How?
13. Why the principles of management are called universally applicable?
14. Why did Fayol introduce the concept of “Gang Plank” in the principle of “Scalar Chain”?
15. What is meant by “selecting an alternative “as a step in the planning process?
16. What is meant by “Policy” as a type of Plan?
17. Give any two elements of Directing.
18. How does a supervisor act as a linking pin between management and the operatives?
19. What is meant by “Right to choose” to a customer?
20. Which claim can be appealable before the Supreme Court under Consumer Protection Act?
21. List any two personal objectives of management.
22. Give any two reasons why principles of management are not rigid prescription.
23.Super Ltd’s target is to produce 10,000 shirts per month at a cost of ₹150 per shirt .The Production Manager could achieve this target at a cost of ₹ 160 per shirt. Do you think the Production Manager is ‘effective’? Give reason in support of your answer.
24. State the objective of ‘Motion Study’.
25. Give any one advantage and one disadvantage of internal source of recruitment.
26. Name the method of training in which the trainee learns under the guidance of a master worker.
27. Name any two essential ingredients of sound working capital management.
28.‘Cost of debt’ is lower than the ‘Cost of equity share capital’. Give reasons why even then a company cannot work only with the debt.
29. Which act of consumer protection provides safety to consumers against deficient services?
30. Why is consumer protection important for businessman? Give any one reason.
31.Your grandfather has retired from an organization in which he is responsible for implementing the plans developed by the top management. At which level of management was he working? State one more function performed at
this level.
32. List any two social objectives of Management.
33. State any one reason why ‘Principles of Management’ are important.
34.Give the meaning of ‘Mental Revolution’ as suggested by F.W.Taylor.
35.”The understanding of Business Environment enables the firm to identify opportunities.” What is meant by ‘opportunities’ here?
36. Business Environment includes both ‘specific and general forces’. List any four general forces.
37. Explain in one sentence how direction is an executive function of Management.
38. Why is it said that “controlling is looking back”?
39. What should be the ‘focus point’ for a manager while controlling, as controlling at each and every step is not possible?
40. Define Financial Management.
41. Name the level of management at which the managers are responsible for implementing and controlling the plans and strategies of the organization.
42.Give one responsibility of a customer in addition to obtaining cash receipt while purchasing a washing machine.
43. Name the type of plan which provides broad contours of an organization’s business.
44. State how ‘self-regulation by business’ acts as a means of Consumer Protection.
45. Identify the nature of management when it is practiced as personal application of existing knowledge to achieve desired results.
46.‘Planning always leads to success.’ Do you agree? Give reason in support of your answer.
47. Give the meaning of ‘Compensation’ as a step in the process of staffing.
48. Define ‘Supervision.’
49. State any one ‘Protective function’ of Securities and Exchange Board of India (SEBI).
50. What is meant by ‘Capital Market’?
51. Name and state the ‘on-the-job method of training’ that is used to give training to the electricians.
52. What is meant by ‘Authoritative style of leadership’?
53. What is meant by ‘Motivation’?
54. State the essential function of ‘Primary Market’?
55. Name the two major alternative mechanisms through which allocation of funds can be done.
56. What are the advantages of registering ‘trade mark’?
57. State the meaning of ‘Product Promotion’ function of packaging.
58.‘To see whether plans are being implemented and activities are being performed according to schedule’, is a step of planning process. Identify the step.
59. Define ‘organizing’ as a function of management.
60. Identify the type of suitable organization structure for a large scale organization having diversified activities requiring high degree of specialization in operations.
61. What is meant by the ‘Principles of Management’?
62. State how staffing ensures ‘continuous survival and growth of the enterprise’.
63. State the objective of ‘Financial Management’. 64. What is meant by ‘Financial Risk’?
64. What is meant by ‘Decoding’ as an element of communication?
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