Practice Questions from chapter 1 and 2

MAY 21, 2020


DAY 4


THANK YOU FOR LOGGING IN. GOOD MORNING BOYS!


LEARNING OUTCOME- TO REVISE THE CONCEPTS OF CHAPTER 1 AND 2

Q.1  Plant Superintendent belongs to ----------------level of management.  (1)

Q.2  Coordination and Cooperation are synonymous. (True/False).  (1)

Q.3 Management is essential for successful running of an enterprise. How?

     a) Management helps in achieving group goals.

     b) Management creates a dynamic organization.

     c) Management helps in the development of society.

     d) All of these.                                                                            (1)

Q.4 Match the columns for identifying the management functions by using the given options:

       1) It involves monitoring organization performance                             A. PLANNING

            towards attainment of organizational goals.                                      B. CONTROLLING

       2) Deciding in advance what to do and how to do.                                 C. DIRECTING

            Choose the correct option:

a)      1-C        2-A

b)     1-A        2-C

c)      1-B         2-A

d)     1-C         2-B                                                                            (1)

   Q.5 Sanak and Gagan started their career in Wales Ltd (a printing press) after going through

           a rigorous recruitment process. Since they had no prior work experience, the firm

          decided to give them one year to prove themselves. The principle of management

          followed by Wales Ltd is  ------------------.                                                                               (1)

   Q.6 Principles of management have been developed on the basis of -------------.              (1)

   Q.7  Principles of management are not:

         a) Applicable only in large firms.

         b) mainly behavioural

         c) Flexible

         d) Contingent.             (1)

    Q.8 Management principles have gained importance with ----------------. (1)

    Q.9 Indian Railways has launched a new broad gauge solar power train which is going to be

           a path breaking leap towards making trains greener and more environment friendly.

           The solar power DEMU (Diesel Electric Multiple Unit) has 6 trailer coaches and is

            expected to save about 21000 litres of diesel and ensure a cost saving of Rs 12 lakh

            per year. Identify and explain the objectives of management achieved by Indian

           Railways in the above case. (3)

  Q.10 The management of Vrinda Ltd. strongly believes that the members of an organization

            should work towards fulfilling the common organizational goals. This requires team

            work and integration of efforts of all individuals, departments and specialists. This is

           because all the individuals and departments depend on each other for information and

           resources to perform their respective activities. Managers need to reconcile differences

           in approach, timing, effort or interest. At the same time it should enable all its

           members to grow and develop. Thus, there is a need to harmonise individual goals

           and organizational goals.

a)      Identify and explain the concept of management discussed above.

b)     State the characteristic of management which is reflected from the above para. (3)

   Q.11 Gopal, a manager of A Ltd. believes that the degree of concentration of authority or

            its dispersal will depend upon the situations and circumstances of each enterprise.

a)      What characteristic of nature of principles of management is highlighted in the above case?

b)     Explain the principle of management is highlighted here? Explain.  (3)

      Q.12  ----------- is an example of personal objective.  (1)

Q.13 Management is an universal activity. (True/False) (1)

Q.14 Efficiency means:

      a) Doing the task with minimum cost.

      b) Deriving more benefits by using less resources.

      c) Doing the task correctly.

      d) All of the above.             (1)

Q.15Match the columns for identifying the management functions by using the given options:

       1) It involves instructing, guiding, motivating and leading people     A. ORGANISING

           in such a manner so as to achieve organizational goals.                   B. DIRECTING

       2) It involves identifying activities, grouping tasks and forming         C. STAFFING

            departments, establishing authority, responsibility

            relationships among them.

a)      1-C        2-A

b)     1-A        2-C

c)      1-B         2-A

d)     1-C         2-B                                                                            (1)

   Q.16Principles of management equip the managers to foresee the cause and effect                         relationships  of their decisions and actions so that the wastage associated with  a trial and         error approach can be overcome. The point of significance of principles

   of management highlighted here is ------------------.    (1)

   Q.17 In an organization, each person should be scientifically selected. Then work assigned

          should suit his physical, mental and intellectual capabilities. To increase efficiency,

          they should be given the required training. Efficient employees would produce more

          and earn more. Which of the following principles of management is highlighted above?

a)      Science, not rule of thumb.

b)     Division of work

c)      Development of each and every person to his or her greatest efficiency and prosperity.

d)     Remuneration of employees.                         (1)

   Q18“Individual principles of management are like different tools serving different purposes.   

            The manager has to decide which tool to use under what circumstances.” State the

             characteristic of nature of management principles highlighted above.  (1)

    Q.19 The principles of -----------maintains coordination between various departments.(1)

    Q.20One of the objectives of management is to consistently create economic value for

           various constituents of the society. Explain this objective of management by giving

          any two examples.       (3)

    Q.21 In a company, the marketing department’s objective is to increase sales by 10% by

               offering discounts. But, the finance department does not approve of such discounts

              as it means loss of revenue. These kinds of conflict arise in organizations because of

               the lack of one of the concepts of management.

a)      Identify and explain the concept of management highlighted above.

b)     State the characteristic of management the company is violating.   (3)

     Q.22 Management principles enable managers to learn from past mistakes and conserve

              time by solving recurring problems quickly. As such management principles increase

              managerial efficiency. For example, a manager can leave routine decision- making to

              his subordinates and deal with exceptional situations which require his or her

              expertise.

a)      State the point of significance of principles of management highlighted above.

b)     Explain the principles of management highlighted above.    (3)

      Q.23 ‘Scientific Management means knowing exactly what you want men to do and

                 seeing that they do it in the best and the cheapest way.” Taylor developed

                 various techniques for application of Scientific Management Principles and

                 was able to achieve a three-fold increase in productivity in B. Steel Company

                 where he worked. One of the techniques helps to determine the number of

                 workers to be employed, frame suitable incentive schemes and labour costs.

                 Another technique recognizes those workers who are able to accomplish

                 the fair day’s work and is based on the premise that efficiency is the result

                 of the joint efforts of the managers and the workers. Quoting the lines from

                 the above paragraph, identify and explain the two techniques of Scientific

                 Management.         (4)

   

      

   GOD BLESS YOU ALL! ALL THE BEST FOR YOUR EXAM!