Business Studies Flashcards
According to this principle of scientific management, “Scientific management has for its foundation the firm conviction that true interest of the management and workers are one and same; the prosperity for the employer cannot exist for the employer cannot exist for a long time unless it is accompanied by prosperity for the employees and vice versa.”
Harmony, not discord
Which of the following does not apply to Principles of Management?
A) Applicable in large firms
B) Formed by practice and experimentation
C) Flexible
D) Contingent
Applicable in large firms
Which of the following quality a manager must possess to succeed in planning?
A) Reflective Thinking
B) Imagination
C) Foresight
D) All of these
All of these
Under which environment effect, IBM and Coca-Cola had to leave India?
Political
(Multinational corporations were urged to invest in India by the new government.
As a result, the entrances to the environmental impact.
Accordingly, Coca-Cola and IBM left the. Indian market once again arrived at the market. )
The principles are guidelines to action but do not provide readymade, straitjacket solutions to all managerial problems. This is so because.
Real business situations are very complex and dynamic and are a result of many factors.
The principles of management are said to be flexible as
They can be modified by the manager when the situation so demands.
National Vritech Ltd. has grown in size. It was a market leader but with changes in business environment and with the entry of MNCs, its market share is declining. To cope up with the situation, the CEO starts delegating some of his authority to the General Manager, who also felt himself overburdened and with the approval of CEO disperses some of his authority to various levels throughout the organisation. Identify the concept of management discussed above
A) Delegation
B) Decentralization
C) Both (a) and (b)
D) None of these
Both (a) and (b)
What stage does the requisition of employees occupy in the process of recruitment?
First
Which of the following capital structure consist of zero debt components in the structure mix?
A) Pyramid Shaped Capital Structure
B) Inverted Pyramid Shaped Capital Structure
C) Horizontal Capital Structure
D) Vertical Capital Structure
Horizontal Capital Structure
Which of the following is a short term borrowing instrument issued by the Government of India and It is also known as zero coupon bonds?
Treasury Bills
Which of the following reasons is not responsible for the ups and downs in the Sensex?
1) Rain
2) Monetary policy
3) Political instability
4) None of the above
None of the above
Identify the style of leadership in which the superior uses file forces from within the groups in order to establish control.
Democratic leadership
Assertion: in any organisation coordination is required so that production and sales departments can work hand in han
Reason: coordination integrates group effort
Both assertion and reason are true but reason is not the correct explanation for assertion.
(The reason for the given assertion is that coordination ensures unity of action it acts as a binding force between departments)
It is a common view that efficient management always satisfies its employees which point of feature of management is discussed here
Intangible force
Levels of management in a organisation serve as a ________ line among the different managerial posts
Dividing
Principles of scientific management are universally applicable
False
The technique of mental revolution is derived from the scientific principle of cooperation not individualism given by Taylor
Partially false
Gang plank permits direct communication between
Employees working at the same level
Assertion: Unity of command with the objective of one head one plan ensures unity of action and coordination
Reason: as dual subordination is awarded through unity of command there is no confusion regarding the task to be done
Assertion is false but reason is true
(It is unity of direction and not the unity of command which ensures unity of action and coordination as its objective is one head one plan unity of command talks about one person one boss)
According to tailor they are should be almost equal division of work and responsibility between workers and management
Yes, principle of corporation at individualism says so.
Who coined the metaphor “Invisible hand” in the Theory of Moral Sentiments?
Adam Smith
By extension of control means:
A senior officer can control only a limited number of executives.
_______ gains potency as it is handed down from generation to generation.
Society
The challenge of creating team players will be greatest where the national culture is __________.
individualistic
Managerial Grid suggests the following as the best leader behaviour :
High concern both for production and people
The major functions in business organizations are:
Overlapping
(For theoretical purposes, it may be convenient to separate the function of management but practically these functions are overlapping in nature i.e. they are highly inseparable. Hence, Option 1 is correct.)
Working capital requirements are low when an organisation has
high creditors
The recruitment process starts with:
Recruitment Planning
Aditi applied for the post of an art and craft teacher in a reputed school in Delhi. After successfully clearing the tests and the interview, she was offered an employment contract containing the terms and conditions, and the date of joining. Identify the steps in the staffing selection process being described in the above lines.
Job offer
Management is an organ, organs can be described and defined only through their functions. This definition was given by ____________.
Peter F. Drucker
The term ‘redeemable’ is used for
Preference shares
SEBI has constituted a committee under TK Viswanathan for ________.
Fair market conduct
What is Call Money?
It is an overnight loan in the Money Market
Recruitment is a _______process.
Positive
Arrange the following steps involved in the process of financial planning in the correct sequence.
Preparation of a sales forecast, Preparation of financial statements, Estimation of expected profit
Commercial paper can be issued,
By all corporates with net worth of atleast Rs. 4 crore
When Nina was not given the position of the plot by the builder even though she gave the full price of the plot as per the terms and conditions of the allotment letter she find a case in the state commission identify the right of consumer being exercise in the given case
Right to be heard
It is suitable for filling casual vacancy when workload is high or when certain number of permanent employees are absent
Direct recruitment
Indian entrepreneurship development institute is located in
Ahmedabad
Which is a behaviour that is not associated with successful entrepreneurship
Running your business on day to day basis
Treasury bill is considered as negotiable instrument
because it is freely transferable and guarantees the payment of a specific amount of money through demand or after stipulated time.
Why should decentralization be implemented with coution
As it can cause disintegration of the organisation
Under which condition will the company will not be able to provide high level of customer service
When it maintains low level of inventory
Write of consumer protection are protected under
Consumer protection act 1986
In under developed countries local mobile phone companies use the same technology used by big companies to manufacture their products which of the following types of entrepreneurship is highlighted in the above case
Imitative entrepreneurship
Name the country in which management is accepted as a profession
America and Japan
Individuals opting for a career in the periodship are ready to take risk the depth of that risk is
High
Which of the following sentences is inconsistent in the context of entrepreneurs
He operates production activities
What is the new claim range in all the consumer courts
District commission: up to 50 lacs
State commission: 50 lacs to 2 crore
National commission: above 2 crore
In case of consumer not being satisfied with the order past in the state commission he can for the make an appeal in the National commission within the time period of
30 days
Organising stimulates creativity among the managers
True
After a trade has when executed the broker issues a contract note to the investor within
24 hours
Which of the following is not a disadvantage of formal organisation
a) lack of incentive initiative b) delay in the work
c) lack of favouriteism
d) mechanical relationship
Lack of favouriteism
Mitali limited has hired 500 salesman who will be assigned the task of contacting perspective buyers and creating awareness about the new range of organic soaps introduced by the company identify the element of promotion being described in the given lines
Personal selling
Name the decision which affects both profitability and financial risk
A) Financial planning decision
B) Capital budgeting decision
C) Capital structure decision
D) All of the above
All of the above
According to henry fayol if this principal of general management is violated, authority is undermined, discipline is in jeopardy, the order is disturbed and stability is threatened identify the principal
Unity of command
State true or false
there is a direct relationship between call rates and other short term money market instruments
False
Communication is a process by which people create in share information with one another in order to reach common understanding the definition was given by
Everett Rogers and D. Lawrence Kincaid (1981)
What are trait theories
Approach to the study of human personality
It means the process of making subordinate act in a desired manner to achieve certain organisational
Motivation
Who said “management is a multiple purpose organ that manages a business, manages a manager and manages workers and work”
Peter Drucker
