Principles of Management Test

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Principles of Management Test - 18

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Weekly Quiz Competition

Question 1
1 / -0

The cost of capital of a firm is _____________________________.

A
The dividend paid on the equity capital

B
The weighted average of the dividends paid on the equity capital and the preference capital

C
The weighted average of the cost of various long-term and short term sources of finance

D
The average rate of return it must earn on its investments to satisfy the various investors

E
The minimum rate of return it must earn on its investments to keep its investors satisfied.

Solution

The cost of capital to a company is the minimum rate of return that it must earn on its investments in order to satisfy the various categories of investors who have made investments in the form of shares, debentures, or term loans.
Hence, option (E) is the correct answer.
Question 2
1 / -0

Which of the following explains capital flow and capital flight?

A
Capital flow is legal movement of capital and capital flight is sudden or illegal movement of capital.

B
Capital flow is illegal movement of capital and flight is legal movement of capital

C
Capital flow is sudden movement of capital and flight is slow movement of capital.

D
Capital flow is sudden illegal movement of capital and flight is legal movement of capital

E
None of the above

Solution

Capital flow is termed as a movement of capital in international flows of a country either in long-term or in short-term and either in the form of loans or in the form of investments. Capital flight is the sudden shift of capital away from the country to make short-term capital gains in violation of legislation as also to escape from adverse exchange movements.
Hence, option (A) is the correct answer.
Question 3
1 / -0

The three essential managerial skills put forth by Katz include __________.

A
technical, human, and empirical

B
human, empirical, and conceptual

C
technical, interpersonal and controlling

D
technical, human, and conceptual
Question 4
1 / -0

Which of the schools of thought stressed the idea that managers need to deal effectively with people and getting things done through people?

A
Empirical approach

B
Interpersonal behavioural approach

C
Decision theory approach

D
Mathematical approach.
Question 5
1 / -0

The matrix approach violates what classical principle?

A
Unity of command

B
Decentralization

C
Customer focus

D
Linear lines of responsibility
Question 6
1 / -0

The eight key areas of objectives were given by ________.

A
Peter F. Drucker

B
Peter M. Dunken

C
Peter Donnel

D
None of the above
Question 7
1 / -0

Which of the following is a concept given by Frederick Taylor?

A
Division of work

B
Unity of command

C
Stop watch study

D
None of the above

Solution

Frederick Taylor proposed the following four principles of scientific management
1. This theory develops a science for each element of a man's work, which replaces the old rule of-thumb method. It replaces guesswork methods with a scientific study of the tasks.
2. Select, train, and develop each worker rather than leaving them to train themselves.
3. Determining time standard for each job through stop watch study.
4. There is an almost equal division of the work and the responsibility between the management and the workmen. The management take over all work for which they are better fitted than the workmen, while in the past almost all of the work and the greater part of the responsibility were thrown upon the men
Question 8
1 / -0

Managers with good _______ are able to get the best out of their people.

A
human skills

B
conceptual skills

C
technical skills

D
visual skills
Question 9
1 / -0

Who distinguished between 'principles' and 'elements' of management?

A
Fredrick Taylor

B
Newmann and Summer

C
Henri Fayol

D
Henry Lawrence Gantt
Question 10
1 / -0

Superior - Subordinate theory was given by _______.

A
Henry Fayol

B
V. A. Graicunas

C
Koontz 0' Donnel

D
Joseph Jecard

Solution

1. Specialization of labour
2. Authority and responsibility
3. Discipline
4. Unity of command
5. Unity of direction
6. Subordination of individual interest to the general interest
7. Remuneration of staff:
8. Centralisation
9. Scalar chain/line of authority: Formal chain of command running from top to bottom of the organization. It refers to superior-subordinate relations
10. Order:
11. Equity
12. Stability of tenure
13. Initiative
14. Esprit de corps

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Re-Attempt Weekly Quiz Competition

Principles of Management Test - 18

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Principles of Management Test - 18

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Question 1

The dividend paid on the equity capital

The weighted average of the dividends paid on the equity capital and the preference capital

The weighted average of the cost of various long-term and short term sources of finance

The average rate of return it must earn on its investments to satisfy the various investors

The minimum rate of return it must earn on its investments to keep its investors satisfied.

Solution

Question 2

Capital flow is legal movement of capital and capital flight is sudden or illegal movement of capital.

Capital flow is illegal movement of capital and flight is legal movement of capital

Capital flow is sudden movement of capital and flight is slow movement of capital.

Capital flow is sudden illegal movement of capital and flight is legal movement of capital

None of the above

Solution

Question 3

technical, human, and empirical

human, empirical, and conceptual

technical, interpersonal and controlling

technical, human, and conceptual

Question 4

Empirical approach

Interpersonal behavioural approach

Decision theory approach

Mathematical approach.

Question 5

Unity of command

Decentralization

Customer focus

Linear lines of responsibility

Question 6

Peter F. Drucker

Peter M. Dunken

Peter Donnel

None of the above

Question 7

Division of work

Unity of command

Stop watch study

None of the above

Solution

Question 8

human skills

conceptual skills

technical skills

visual skills

Question 9

Fredrick Taylor

Newmann and Summer

Henri Fayol

Henry Lawrence Gantt

Question 10

Henry Fayol

V. A. Graicunas

Koontz 0' Donnel

Joseph Jecard

Solution

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