Controlling Test

Result

Controlling Test - 38

Score
-
out of -
Rank
-
out of -

TIME Taken - -

SHARING IS CARING

If our Website helped you a little, then kindly spread our voice using Social Networks. Spread our word to your readers, friends, teachers, students & all those close ones who deserve to know what you know now.

Weekly Quiz Competition

Question 1
1 / -0

You've grown as a manager in your many years at Top Co and have asked David, your supervisor, for a promotion that would give you opportunities to acquire and apply the skills. He has suggested that the two of you meet to discuss your request.
What might be your BATNA in this situation?

A
Take on stretch assignments with peer managers that would let you develop to skills that interest you

B
Find a job with another company that can offer you the professional challenges you're interested in

C
Propose a timeline by which you would like to be promoted if David can't offer you the new role immediately

D
None of the above

Solution

In negotiation, BATNA refers to your “best alternative to a negotiated agreement". In this case, it is best for David to take up other assignments since it is the best alternative in this case. Changing the job or having to give up the idea of the promotion aren't the suitable options for him.
Question 2
1 / -0

Reservation price is also known as _______________.

A
Walk away

B
BATNA

C
ZOPA

D
None of these

Solution

The reservation price is the least favourable rate at which one will accept a deal having no other alternatives. In layman terms, it is known as the Walkway price.
Question 3
1 / -0

The number of subordinates a manager can efficiently and effectively direct is known as __________.

A
Unity of Control

B
Authority

C
Chain of Command

D
Span of control

Solution

Span of control or span of management represents a numerical limit of sub ordinates to be supervised and controlled by a manager. A number of direct, group and cross relationships exist between a manager and his subordinates
Question 4
1 / -0

The standards may include ____________.

A
Certain cost

B
Quality

C
Innovativeness

D
All of these
Question 5
1 / -0

The extent to which goals have been met is called __________.

A
Effectiveness

B
Efficiency

C
Budgeting

D
Ethics
Question 6
1 / -0

Importance of control ______.

A
Ensures efficient use of scarce and valuable resources

B
Facilitates co-ordination

C
Fosters organizational efficiency and effectiveness

D
All of above
Solution
Importance of control is manifold:
It ensures efficient use of scarce and valuable resources by its optimum usage which reduces the overall cost of the product
It facilitates co-ordination through effective communication among all the levels of the organisation
It fosters organizational efficiency and effectiveness by being transparent and each of the department being independent.
Question 7
1 / -0

The optimum is the one which is produced __________.

A
by the optimum firm

B
at the maximum average cost

C
at the minimum average cost

D
at zero marginal cost

Solution

The word optimum means the best or the outcome which is most likely to bring success or advantage. In business, it means a product which is produced at the minimum average cost which helps the company to earn the maximum possible profit from the existing resources.
Question 8
1 / -0

Control is -

A
One-step process

B
A continuous process

C
A part of motivation process

D
A good substitute of planning process

Solution

Control is an important managerial function. It is a continuous process which happens at every level of management. Controlling is followed by other operational functions of management.
Question 9
1 / -0

Decision on plant layout and location are concerned with ___________.

A
system design

B
system operations

C
system control

D
none of the above

Solution

Decision on plant layout and location are concerned with the control system in management. Plant location or the facilities location problem is an important strategic level decision making for an organisation. One of the key features of a conversion process (manufacturing system) is the efficiency with which the products (services) are transferred to the customers. This fact will include the determination of where to place the plant or facility.
Question 10
1 / -0

Primary function of accounting is to -
(i) Protecting business property
(ii) Administration of business strategic policies
(iii) Comply with legal requirement
(iv) Solve labour disputes
(v) Record keeping
Select the correct answer from the options given below -

A
(ii), (iii) & (iv)

B
(i), (iv) & (ii)

C
(i) & (iii) only

D
(v), (i) & (iii)

Solution

The primary function of accounting is to protect business property and complying with the legal requirement by keeping a record of all the business transactions. The records help in determining the financial position of the company.

User

Question Analysis

Correct -
Wrong -
Skipped -

My Perfomance

Score
-
out of -
Rank
-
out of -

Re-Attempt Weekly Quiz Competition

Controlling Test - 38

Result

Controlling Test - 38

Score

-

Rank

-

SHARING IS CARING

Question 1

Take on stretch assignments with peer managers that would let you develop to skills that interest you

Find a job with another company that can offer you the professional challenges you're interested in

Propose a timeline by which you would like to be promoted if David can't offer you the new role immediately

None of the above

Solution

Question 2

Walk away

BATNA

ZOPA

None of these

Solution

Question 3

Unity of Control

Authority

Chain of Command

Span of control

Solution

Question 4

Certain cost

Quality

Innovativeness

All of these

Question 5

Effectiveness

Efficiency

Budgeting

Ethics

Question 6

Ensures efficient use of scarce and valuable resources

Facilitates co-ordination

Fosters organizational efficiency and effectiveness

All of above

Solution

Question 7

by the optimum firm

at the maximum average cost

at the minimum average cost

at zero marginal cost

Solution

Question 8

One-step process

A continuous process

A part of motivation process

A good substitute of planning process

Solution

Question 9

system design

system operations

system control

none of the above

Solution

Question 10

(ii), (iii) & (iv)

(i), (iv) & (ii)

(i) & (iii) only

(v), (i) & (iii)

Solution

User

Question Analysis

My Perfomance

Score

-

Rank

-

Results Announcement on: coming Monday

Stay Tuned: We’ll update you on your result via email or SMS.