Q1:
Business Studies
Controlling
Easy
The criteria against which actual performance is measured in the process of controlling are called:
Business Studies
Controlling
Easy
The criteria against which actual performance is measured in the process of controlling are called:
Business Studies
Business Environment
Easy
Match List-I with List-II
| List-I (Dimensions of business environment) | List-II (Elements) |
|---|---|
| (A) Social | (I) Literacy rates |
| (B) Economic | (II) Public Debt (interal and external) |
| (C) Technological | (III) Monopolistic Restrictive Trade Practices Act |
| (D) Legal | (IV) Scientific improvements |
Choose the correct answer from the options given below:
Business Studies
Entrepreneurship Development
Easy
The process of earning profits and increasing wealth while posing characteristics such as risk taking, management, leadership and innovation is called:
Business Studies
Planning
Medium
Identify the correct statements in the context of the planning.
(A) Planning will be a futile exercise if it is not acted upon or implemented.
(B) Planning implies a process which coordinates human efforts and assembles resources.
(C) Planning is closely connected with creativity and innovation.
(D) Planning is what managers at all levels do.
Choose the correct answer from the options given below:
Business Studies
Marketing
Easy
Classifying products into different groups on the basis of their important features is called:
Business Studies
Principles of Management
Easy
Which of the following concepts is not related to F W Taylor?
Business Studies
Controlling
Medium
Match List-I with List-II
| List-I | List-II |
|---|---|
| (A) Standards | (I) Setting of Reduction of defects from 10 pc to 5 pc per lot |
| (B) Management by exception | (II) Assigning additional workers and equipment to the project. |
| (C) Critical Control Point | (III) An attempt to control everything results in controlling nothing. |
| (D) Corrective Action | (IV) Focusing on KRAs |
Choose the correct answer from the options given below:
Business Studies
Nature & Significance
Easy
Management is considered as art because of which of the following features?
Choose the correct answer from the options given below:
Business Studies
Organising
Medium
Match List-I with List-II
| List-I | List-II |
|---|---|
| (A) Responsibility | (I) Right to command subordinates and to give orders and exact obedience. |
| (B) Authority | (II) Downward transfer of authority from a superior to a subordinate. |
| (C) Accountability | (III) Obligation of a subordinate to perform the duty or tasks assigned to him. |
| (D) Delegation | (IV) Answerability for the accomplishment of the task assigned by the superior to his subordinate. |
Choose the correct answer from the options given below:
Business Studies
Directing
Easy
Match List-I with List-II
| List-I | List-II |
|---|---|
| (A) Physiological needs | (I) Friendship |
| (B) Safety and Security needs | (II) Status |
| (C) Esteem needs | (III) Confirmed job |
| (D) Social needs | (IV) Food |
Choose the correct answer from the options given below:
Business Studies
Marketing
Easy
_______ is an impersonal form of communication by a marketer to promote a product.
Business Studies
Entrepreneurship Development
Easy
"Not being afraid of the risks associated with business and relying on one's capabilities to successfully manage these".
Identify the entrepreneurial competency highlighted in the aforesaid statement.
Business Studies
Business Finance
Medium
Arrange the following steps involved in the process of financial planning in logical sequence.
(A) Sales forecast is made
(B) Requirement of fixed capital and working capital is estimated
(C) Expected profits are estimated
(D) Sources of finance are identified
Choose the correct answer from the options given below:
Business Studies
Principles of Management
Easy
Who is popularly known as the 'Father of Scientific Management'?
Business Studies
Principles of Management
Easy
Which principle of management is violated if a worker takes orders from two or more superiors?
Business Studies
Business Finance
Medium
Financial leverage is believed to be favorable if:
1. ROI is lower than cost of debt
2. ROI is higher than cost of debt
3. Debt is not easily available
4. If the interest rate is high
Business Studies
Planning
Easy
“Planning requires logical and systematic thinking rather than guess work or wishful thinking”. Identify the feature of planning highlighted in the aforesaid statement.
Business Studies
Marketing
Easy
When the demand of a product is inelastic, the firm is in a better position to fix:
Business Studies
Business Environment
Easy
The nature of relationship of our country with foreign countries is an example of which dimension of the business environment?
Business Studies
Nature & Significance
Easy
Which among the options given below is NOT a feature of management as a profession?
Business Studies
Planning
Easy
Identify the type of plan which provides the prescribed ways or manner in which a task has to be performed considering the objective.
Business Studies
Marketing
Easy
"Marketing methods used" is an important factor affecting which 'P' of marketing mix?
Business Studies
Organising
Easy
Which of the following is not a limitation of formal organisation?
Business Studies
Nature & Significance
Easy
The process whereby an executive develops an orderly pattern of group effort among his subordinates and secures unity of action is known as:
Business Studies
Organising
Easy
Span of management refers to:
Business Studies
Nature & Significance
Easy
To oversee the efforts of the workforce is the function of:
Business Studies
Business Finance
Easy
Money required for carrying out business activity is called:
Business Studies
Organising
Easy
Which of the following is the importance of delegation?
(A) High morale of subordinates
(B) Develops initiatives among employees
(C) Promotes centralisation
(D) Dilutes span of management
Choose the correct answer from the options given below:
Business Studies
Marketing
Easy
Which of the following statements is NOT true?
Business Studies
Organising
Medium
Arrange the following steps involved in the process of organising in logical sequence
(A) The activities which are similar in nature are grouped together.
(B) Jobs are allocated to the members of each department in accordance to their skills and competencies.
(C) Authority and reporting relationships are established to create a hierarchal structure.
(D) The work is divided into manageable activities so that duplication can be avoided.
Choose the correct answer from the options given below:
Business Studies
Staffing
Easy
Which of the following is a career oriented process?
Business Studies
Staffing
Easy
Arrange the following steps involved in selection process in the proper sequence.
Business Studies
Controlling
Medium
Arrange the following steps of controlling the process in a logical sequence.
(A) Reporting of deviations and their causes after comparison.
(B) Projecting the future and determining the goals and standards.
(C) Taking corrective action at an appropriate level.
(D) Measuring the work in terms of control standards.
Choose the correct answer from the options given below:
Business Studies
Controlling
Easy
Which of the following shows the relationship between planning and controlling?
Business Studies
Business Finance
Easy
Match List-I with List-II
| List-I | List-II |
|---|---|
| (A) Net Working Capital | (I) Investments in long term assets. |
| (B) Fixed capital decision | (II) Proportion of debt in the overall capital. |
| (C) Financial Leverage | (III) Excess of current assets over current liabilities |
| (D) Trading on equity | (IV) Increase in profit earned by the equity shareholders due to the presence of fixed financial charges. |
Choose the correct answer from the options given below:
Business Studies
Planning
Easy
Arrange the following steps of the planning process in a logical sequence.
(A) Establishing Objectives
(B) Developing premises
(C) Evaluation of Alternatives
(D) Selecting a Course of Action
Choose the correct answer from the options given below:
Business Studies
Business Environment
Easy
In India, the advertisements for alcoholic beverages are banned, the dimension of business environment referred to here is:
Business Studies
Staffing
Easy
Under which method of the training, a trainee is put under the guidance of a master worker?
Business Studies
Principles of Management
Medium
Fayol says that discipline requires:
(A) Good supervisors at all levels
(B) Agreements should be clear and fair
(C) Removal of the employee
(D) Penalties should be fairly imposed
Choose the correct answer from the options given below:
Business Studies
Business Environment
Easy
The importance of the business environment includes:
(A) Identifying first mover advantage
(B) Improving business performance
(C) Performance appraisal
(D) Coping with rapid changes
Choose the correct answer from the options given below:
Business Studies
Consumer Protection
Easy
Business Studies
Consumer Protection
Easy
Business Studies
Consumer Protection
Easy
Business Studies
Consumer Protection
Easy
Business Studies
Consumer Protection
Easy
Business Studies
Directing
Easy
Business Studies
Directing
Easy
Business Studies
Directing
Easy
Business Studies
Directing
Easy
Business Studies
Directing
Easy
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