Controlling Test

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Controlling Test - 20

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Weekly Quiz Competition

Question 1
1 / -0

PERT requires the preparation of ________ time estimates.

A
One

B
Two

C
Three

D
Four

Solution

PERT requires the preparation of three time estimates. There are three estimation times involved in PERT: Optimistic Time Estimate , Most Likely Time Estimate and Pessimistic Time Estimate. In PERT, these three estimate times are derived for each activity.
Question 2
1 / -0

A ________ center is a segment of an organisation which is primarily responsible for generating revenue.

A
Cost

B
Profit

C
Investment

D
Revenue

Solution

A revenue center is that segment of an organisation which is responsible for the revenue and cost conduct of the business. The manager of this segment compares the actual revenue and cost with the planned revenue and cost of the business to take corrective measures in case of any deviations
Question 3
1 / -0

Which of the following is not an advantage of management information system?

A
It supports planning, decision-making and controlling at all levels.

B
It ensures cost effectiveness in managing information.

C
It increases information overload on the managers as only relevant information is provided to them.

D
It improves the quality of information with which a manager works.

Solution

It increases information overload on the managers as only relevant information is provided to them- it is not an advantage of management information system. Management information system facilitates collection, management and dissemination of information at different levels of management and across different departments of the organization
Question 4
1 / -0

The longest path in the network of PERT/CPM is identified as _________ path.

A
Logical

B
Critical

C
Continuous

D
Flow

Solution

The longest path in the network of PERT/CPM is identified as crritical path. In project management, a critical path is the sequence of project network activities which add up to the longest overall duration, regardless if that longest duration has float or not.
Question 5
1 / -0

Which of the following is not an advantage of management audit?

A
It helps to locate present and potential deficiencies in the performance of management functions.

B
It improves coordination in the functioning of various departments so that they work together efficiently towards the achievement of organisational objectives.

C
It ensures updating of upcoming managerial policies and strategies in the light of environmental changes.

D
It helps to improve the control system of an organisation by continuously monitoring the performance of management.

Solution

It ensures updating of upcoming managerial policies and strategies in the light of environmental changes- it is not an advantage of management audit. Management audit helps to improve coordination in the functioning of various departments so that they work together efficient towards the achievement of organizational goals.
Question 6
1 / -0

An appraisal that is conducted after a set time which was specified in advance, based on performance measures is _____________.

A
Formal

B
Informal

C
Comparative

D
Objective

Solution

Performance appraisal includes all formal procedures used to evaluate the relative merit of each employee in a working organization. Performance appraisal can be used as a basis of sound personnel policy in relation to transfers and promotions.An appraisal that is conducted after a set time which was specified in advance, based on performance measures is formal.
Question 7
1 / -0

A $$360$$ degree appraisal is typically conducted by ___. Choose the correct option
I. Peers
II. Clients
III. Superiors
IV. Subordinates

A
I, III, IV

B
I, II, III

C
IV,III,I

D
I, II, III, IV

Solution

A 360 degree appraisal is typically conducted by:
I. Peers
III. Superiors
IV. Subordinate
360 degree appraisal includes all formal procedures used to evaluate the relative merit of each employee in a working organization.lt can be used as a basis of sound personnel policy in relation to transfers and promotions.
Question 8
1 / -0

Performance approval is a difficult work because ______________.

A
Its not specific

B
Depends on the ability by supervisors

C
Assessment basis is irrelevant

D
All of the above

Solution

Performance appraisal includes all formal procedures used to evaluate the relative merit of each employee in a working organization. Performance appraisal can be used as a basis of sound personnel policy in relation to transfers and promotions.Performance approval is a difficult work because: A) Its not specific B) Depends on the ability by supervisors
C) Assessment basis is irrelevant.
Question 9
1 / -0

Which of the following type of business are ordinarily carried out at annual general meeting of a company?
X. To declare dividend
Y. To recommend dividend
Z. To appoint the auditors
W. To make calls on shares
Correct option is ______________.

A
X and Y

B
X and Z

C
X, Z and W

D
X, Y, Z and W.

Solution

Annual general meeting is an important annual event where members get an opportunity to discuss the activities of the company. Annual general meeting is held once a year. At the annual general meeting of a company, following type of business are ordinary carried out in order to:
X. To declare dividend
Z. To appoint the auditors
Question 10
1 / -0

Performance approval is ______________________.

A
Continuous process of making correct decisions on employee

B
Of making objective decisions of employee

C
Both a & b

D
None of the above

Solution

Performance approval is a continuous process of making correct decisions on employee. Performance appraisal includes all formal procedures used to evaluate the relative merit of each employee in a working organization. Performance appraisal can be used as a basis of sound personnel policy in relation to transfers and promotions.

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Controlling Test - 20

Result

Controlling Test - 20

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SHARING IS CARING

Question 1

One

Two

Three

Four

Solution

Question 2

Cost

Profit

Investment

Revenue

Solution

Question 3

It supports planning, decision-making and controlling at all levels.

It ensures cost effectiveness in managing information.

It increases information overload on the managers as only relevant information is provided to them.

It improves the quality of information with which a manager works.

Solution

Question 4

Logical

Critical

Continuous

Flow

Solution

Question 5

It helps to locate present and potential deficiencies in the performance of management functions.

It improves coordination in the functioning of various departments so that they work together efficiently towards the achievement of organisational objectives.

It ensures updating of upcoming managerial policies and strategies in the light of environmental changes.

It helps to improve the control system of an organisation by continuously monitoring the performance of management.

Solution

Question 6

Formal

Informal

Comparative

Objective

Solution

Question 7

I, III, IV

I, II, III

IV,III,I

I, II, III, IV

Solution

Question 8

Its not specific

Depends on the ability by supervisors

Assessment basis is irrelevant

All of the above

Solution

Question 9

X and Y

X and Z

X, Z and W

X, Y, Z and W.

Solution

Question 10

Continuous process of making correct decisions on employee

Of making objective decisions of employee

Both a & b

None of the above

Solution

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