Nature and Significance of Management Test

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Nature and Significance of Management Test - 28

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Question 1
1 / -0

Statement I:
A true manager can continue to manage the same way as he has been doing it in the past.
Statement II:
Considerations of efficiency and survival require that a manager should be constantly engaged in the task of innovation.
Select the correct answer from the options given below -

A
Statement I and Statement II both are true

B
Statement II is true but Statement I is false

C
Statement I and Statement II both are false

D
Statement I is true but Statement II is false

Solution

Statement I:
A true manager can continue to manage the same way as he has been doing it in the past- this is true.
Statement II:
Considerations of efficiency and survival require that a manager should be constantly engaged in the task of innovation- this is false.
Question 2
1 / -0

Management includes ___________________.

A
Administrative management

B
Operative management

C
Either (A) or (B)

D
Both (A) & (B)

Solution

Management includes :-
a) Administrative management- Administration is concerned with policy-making and management deals with policy implementation.
b) Operative management- Management also looks after the activities and makes sure that all the required activities are done in an effective manner.
Question 3
1 / -0

Planning and controlling are closely linked to each other.

A
False

B
Partly true

C
True

D
None of the above

Solution

Planning and controlling are closely linked to each other- this is a true statement. The base for comparison or the yardstick to check is given by planning to controlling function. The controlling function of management makes sure that everyone follows the plan strictly.
Question 4
1 / -0

Which of the following is incorrect regarding control?

A
Controlling is backward looking

B
Controlling exists at every management level

C
Controlling is a continuous activity

D
Purpose of controlling is positive

Solution

Controlling as a managerial function is very instantaneous, self correcting and forward looking. controlling means ensuring that activities in an organisation are performed as per the plans. Controlling also ensures that an organisation’s resources are being used effectively and efficiently for the achievement of predetermined goals. The controlling function finds out how far actual performance deviates from standards, analyses the causes of such deviations and attempts to take corrective actions based on the same. This process helps in formulation of future plans in the light of the problems that were identified and, thus, helps in better planning in the future periods. Thus, controlling only completes one cycle of management process and improves planning in the next cycle.
Question 5
1 / -0

Statement I: Efficient control system discriminates between important and unimportant factors.
Statement II: ZBB can be used more meaningfully in those areas where a direct relationship exists between the expenditure on an activity and its benefit to the enterprise.
Select the correct answer from the options given below:

A
Both Statement I and Statement II are correct

B
Statement I is correct but Statement II is incorrect

C
Statement II is correct but Statement I is incorrect

D
Both Statement I and Statement II are incorrect

Solution

Both the statements are correct. For effective control system it is important to prioritise on the important and unimportant factors. This helps in building a sense of clarity on the achievement of the goals and objectives of the organisation.
ZBB is a budgeting process that allocates funding based on program efficiency and necessity rather than budget history. As opposed to traditional budgeting, no item is automatically included in the next budget. In ZBB, budgeters review every program and expenditure at the beginning of each budget cycle and must justify each line item in order to receive funding. Budgeters can apply ZBB to any type of cost: capital expenditures; operating expenses; sales, general, and administrative costs; marketing costs; variable distribution; or cost of goods sold. When successful, ZBB produces radical savings and liberates organizations from entrenched departments and methodologies. When unsuccessful, the costs to an organization can be considerable.
Question 6
1 / -0

Which of the following is exact science?

A
Physics

B
Chemistry

C
Mathematics

D
All of above

Solution

b'Physics, chemistry and mathematics are considered as exact science as science can be defined as a systematic and organized body of knowledge based on logically observed findings, facts and events. Science comprises of exact principles which can be verified and it can establish cause and effect relations.'
Question 7
1 / -0

Human relations skills are also called.

A
Conceptual skills

B
Technical skills

C
Interpersonal skills

D
Problem solving skills

Solution

b'Human relations skills are also called as interpersonal skills. It can also be defined as the skill required to communicate or interact with other human beings. The term \'human relations skill\' refers to an employee\'s ability to work well with others while performing their job.'
Question 8
1 / -0

A _________ is the ability to perform the given job.

A
Communication skills

B
Technical skills

C
Interpersonal skills

D
Administrative skills

Solution

b'A technical skill is the ability to perform the given job. Technical skill can also be defined as the skill which is required to complete the given task in an effective and efficient manner. It is one of the crucial skills which employee should possess to achieve the organizational goals.
Question 9
1 / -0

Communication is a vital aspect of the managerial process.

A
True

B
Partly true

C
False

D
None of above
Question 10
1 / -0

Drucker assigns three jobs to management.

A
Managing a business; managing managers; and managing workers and work

B
Managing a employees; managing managers; and managing accounting work

C
Managing a business; managing creditors; and managing accounting work

D
None of above

Solution

Drucker assigns three jobs to management:a) Managing a business
b) managing managers
c) managing workers and work
According to Peter Drucker these three jobs will help to conduct proper functioning of all the activities in an organization.

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Re-Attempt Weekly Quiz Competition

Nature and Significance of Management Test - 28

Result

Nature and Significance of Management Test - 28

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SHARING IS CARING

Question 1

Statement I and Statement II both are true

Statement II is true but Statement I is false

Statement I and Statement II both are false

Statement I is true but Statement II is false

Solution

Question 2

Administrative management

Operative management

Either (A) or (B)

Both (A) & (B)

Solution

Question 3

False

Partly true

True

None of the above

Solution

Question 4

Controlling is backward looking

Controlling exists at every management level

Controlling is a continuous activity

Purpose of controlling is positive

Solution

Question 5

Both Statement I and Statement II are correct

Statement I is correct but Statement II is incorrect

Statement II is correct but Statement I is incorrect

Both Statement I and Statement II are incorrect

Solution

Question 6

Physics

Chemistry

Mathematics

All of above

Solution

Question 7

Conceptual skills

Technical skills

Interpersonal skills

Problem solving skills

Solution

Question 8

Communication skills

Technical skills

Interpersonal skills

Administrative skills

Solution

Question 9

True

Partly true

False

None of above

Question 10

Managing a business; managing managers; and managing workers and work

Managing a employees; managing managers; and managing accounting work

Managing a business; managing creditors; and managing accounting work

None of above

Solution

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