Q1:
Business Studies
Marketing
Easy
The process of producing goods as per predetermined specifications is known as:
Business Studies
Marketing
Easy
The process of producing goods as per predetermined specifications is known as:
Business Studies
Controlling
Easy
Which of the following is not the importance of controlling?
Business Studies
Directing
Medium
Systematically arrange (bottom to top) these organizational examples according to Maslow's need hierarchy theory:
(A) Pension plan
(B) Basic salary
(C) Job title
(D) Cordial relationships with colleagues
Choose the correct answer from the options given below:
Business Studies
Business Environment
Easy
Match List-I with List-II
| List-I | List-II |
|---|---|
| Dimensions of business environment | Examples |
| (A) Social environment | (I) Smoking bans in restaurants, shopping malls and public parks can have a significant impact on business. |
| (B) Political environment | (II) Higher cost of production will tend to force prices to go up. |
| (C) Economic environment | (III) The nature of the relationship of India with its neighboring countries. |
| (D) Legal environment | (IV) A common trend is the increasing movement of young workers to cities away from rural areas. |
Choose the correct answer from the options given below:
Business Studies
Principles of Management
Medium
Which of the following are not the correct differences between Fayol's principle of management and Taylor's principle of scientific management?
(A) Fayol's principles are applicable in specialized situations, but Taylor's principles are universally applicable.
(B) Fayol's perspective is top level management, but Taylor's perspective is the shop floor level of a factory.
(C) Fayol's principles increase the productivity of the organisation, but Taylor's principles improve the overall administration of the organisation.
(D) Fayol was a practitioner whereas Taylor was a scientist.
Choose the correct answer from the options given below:
Business Studies
Staffing
Easy
Arrange the process of recruitment in a correct sequence:
(A) Assessment of their validity
(B) Identification of the different sources of labour
(C) Inviting applications from the prospective candidates for the vacancies
(D) Choosing the most suitable source or sources
Choose the correct answer from the options given below:
Business Studies
Staffing
Medium
Arrange the following steps of the staffing process in a correct sequence:
(A) Performance Appraisal
(B) Training and Development
(C) Placement and Orientation
(D) Recruitment and Selection
Choose the correct answer from the options given below:
Business Studies
Directing
Easy
Which function of management involves communicating effectively as well as supervising employees at work?
Business Studies
Business Environment
Medium
Match List-I with List-II
| List-I Features of business environment | List-II Applications |
|---|---|
| (A) Dynamic nature | (I) Difficult to know the relative impact of the social environment on changes in demand for a product. |
| (B) Inter-relatedness | (II) Entry of new competitors in the market. |
| (C) Complexity | (III) New health products have changed people's lifestyles. |
| (D) Relativity | (IV) Demand for sarees may be fairly high in India, whereas it may be almost non-existent in France. |
Choose the correct answer from the options given below:
Business Studies
Nature & Significance
Easy
"All departments and individuals are interdependent and they have to depend on each other for information to perform their activities". Identify the importance of coordination stated in the above lines?
Business Studies
Business Finance
Easy
The objective of financial management is to maximize the current price of equity shares of the company. This concept is:
Business Studies
Nature & Significance
Easy
Prithvi, who is the chief executive officer of Tech Enterprise, is responsible for the welfare and survival of the organization. Identify the level of management Prithvi belongs to?
Business Studies
Business Finance
Easy
Making an investment in long term asset is related to:
Business Studies
Controlling
Easy
Arrange the following steps of controlling process in a correct sequence:
(A) Comparison of actual performance with standards
(B) Setting standards
(C) Analysis of deviations and taking corrective action
(D) Measuring actual performance
Choose the correct answer from the options given below:
Business Studies
Marketing
Medium
Which of the following statement is not correct for branding?
Business Studies
Staffing
Easy
"The process of increasing the knowledge and skills of an employee for doing a particular job" is known as:
Business Studies
Organising
Medium
Which of the following is the correct distinction between delegation and decentralization?
(A) Delegation is a result of the policy decision of top management, whereas decentralization is a process.
(B) Delegation is a process, whereas decentralization results from the policy decisions of top management.
(C) Delegation is an optional decision and decentralization is compulsory.
(D) In delegation, there is more control by the superior, whereas in decentralization, there is less control over executives.
Choose the correct answer from the options given below:
Business Studies
Staffing
Easy
Which of the following is not a demerit of external source of recruitment?
Business Studies
Directing
Easy
Which of the following is not a non-financial incentive?
Business Studies
Directing
Easy
"Recognition of achievement" is an organisational example related to which need of Maslow's Need Hierarchy Theory?
Business Studies
Nature & Significance
Easy
"To become a chartered accountant in India, a candidate has to clear a specified examination".
This is an example of which characteristic of Management as a profession?
Business Studies
Business Finance
Easy
Which of the following capital is required for funding the day-to-day operations of the business?
Business Studies
Marketing
Easy
Which of the following statement is not correct for Public Relations?
Business Studies
Organising
Medium
Identify the correct sequence of the organizing process.
(A) Assignment of duties
(B) Identification and division of work
(C) Establishing authority and reporting relationship
(D) Departmentalization
Choose the correct answer from the options given below:
Business Studies
Controlling
Easy
Which of the following management function helps in keeping track of the progress of the activities?
Business Studies
Directing
Easy
Which of the following statements are correct regarding importance of leadership?
(A) Leadership influences the behaviour of people.
(B) A leader persuades people not to accept changes.
(C) A good leader does not allow his followers to ventilate their feelings.
(D) Leaders provide training to their subordinates.
Choose the correct answer from the options given below:
Business Studies
Nature & Significance
Easy
Which concept of management ensures that "every individual effort contributes to the organizational performance"?
Business Studies
Organising
Easy
"The number of subordinates that can be effectively managed by a superior" is referred to as:
Business Studies
Principles of Management
Easy
"Management should not close its ears to any constructive suggestions made by the employees". Which principle of Scientific Management is referred here?
Business Studies
Planning
Easy
Which of the following is not a standing plan?
Business Studies
Business Environment
Easy
Amita has a one-year-old son, and she is more conscious about her baby's health, so she avoids packaged food. Identify the feature of the business environment reflected here.
Business Studies
Consumer Protection
Easy
Analyse the statements given below and identify which of the following is not the role of Consumer Organisations and NGOs?
Business Studies
Principles of Management
Medium
Match List-I with List-II
| List-I | List-II |
|---|---|
| Foreman | Meaning |
| --- | --- |
| (A) Cost Clerk | (I) To ensure discipline. |
| (B) Instruction Card Clerk | (II) To specify the route of production. |
| (C) Route Clerk | (III) To prepare the cost sheet. |
| (D) Disciplinarian | (IV) To draft instructions for the workers. |
Choose the correct answer from the options given below:
Business Studies
Principles of Management
Easy
Which of the following Fayol's principle of management advocates that workers should be encouraged to develop and carry out their plans for improvements?
Business Studies
Marketing
Medium
Match List-I with List-II
| List-I | List-II |
|---|---|
| Categories of products | Examples |
| (A) Industrial products | (I) Rare collection of artwork and antiques. |
| (B) Convenience products | (II) Raw materials, installations, equipment. |
| (C) Speciality products | (III) Jewelry, radio, furniture. |
| (D) Shopping products | (IV) Medicines, newspapers, toothpaste. |
Choose the correct answer from the options given below:
Business Studies
Entrepreneurship Development
Easy
Which of the following is not included in Entrepreneurial motivation?
Business Studies
Organising
Easy
Match List-I with List-II
| List-I | List-II |
|---|---|
| Concept of delegation | Meaning |
| (A) Authority | (I) To oversee the work of others. |
| (B) Accountability | (II) Right to command. |
| (C) Delegation | (III) A process followed to share tasks. |
| (D) Supervision | (IV) Obligation to perform the responsibility. |
Choose the correct answer from the options given below:
Business Studies
Planning
Medium
Which of the following are the limitations of Planning?
(A) Planning leads to rigidity
(B) Planning reduces creativity
(C) Planning involves huge costs
(D) Planning does not work in a dynamic environment
Choose the correct answer from the options given below:
Business Studies
Controlling
Medium
"Planning without controlling is meaningless and controlling without planning is blind". Which of the following statements advocate this statement:
(A) Planning and controlling are separable twins of management.
(B) Planning and controlling are inseparable twins of management.
(C) Planning is evaluative, whereas controlling is prescriptive.
(D) Planning based on mere assumptions makes controlling easier and more effective.
Choose the correct answer from the options given below:
Business Studies
Entrepreneurship Development
Easy
Which of the following is not the basic feature of an entrepreneur?
Business Studies
Marketing
Easy
Business Studies
Marketing
Easy
Business Studies
Marketing
Easy
Business Studies
Marketing
Easy
Business Studies
Marketing
Easy
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
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