Business Studies Test

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Business Studies Test - 21

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Weekly Quiz Competition

Question 1
5 / -1

There are two statements marked as Assertion (A) and Reason (R). Read the statements and choose the appropriate option from the options given below.

Assertion (A): Managers need to be given some flexibility to be able to cope with the changed circumstances.

Reason (R): Planning reduces creativity.

A
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)

B
Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A)

C
Assertion (A) is true but Reason (R) is false

D
Assertion (A) is false but Reason (R) is true

Solution

The correct explanation to (A) is that planning leads to rigidity as managers follow a pre-decided plan and may not be in a position to change when circumstances change.
Question 2
5 / -1

The cost of production increased due to increase in minimum wage rate by government is an economic dimension.

A
True

B
False

C
Can't say

D
Partially true

Solution

It is legal as the minimum wage rate is determined under Minimum Wages Act, 1948.
Question 3
5 / -1

Telecom sector was opened up to private sector as a reform under Economic Policy, 1991. Nokia became the first cellular company to operate in 1994 and dominated the market. Later, it lost its market share and was absorbed by Microsoft. The management of Microsoft examined the environment and made suitable changes.Identify the point of importance of business environment with appropriate actions reflected in the above case.

A
It helps in identifying opportunities and getting first mover advantage

B
It helps in identifying threats and early warning signals

C
It helps in improving performance

D
It helps in tapping useful resources

Solution

Monitoring environment and adopting suitable business practices help in improving present performance.
Question 4
5 / -1

Which of the following is not a step in the process of planning?

A
Making assumptions about the future

B
Evaluating different proposals in light of the objectives to be achieved

C
Allocation of jobs to members of each department

D
Seeing whether activities are performed as per schedule or not

Solution

Job allocation is a part of organising process.
Question 5
5 / -1

Which of the following is not an importance of delegation of authority?

A
Effective management

B
Relief to top-managers

C
Facilitation of growth

D
Basis of management hierarchy

Solution

In case of delegation of authority, ultimate accountability still lies with the superiors, therefore they are not completely releived of their responsibility. Thus, it is not an advantage or importance of delegation of authority.
Question 6
5 / -1

A company has been registered under the Companies Act with an authorised share capital of ₹ 20,000 crore.

Its registered office is situated in Delhi and manufacturing unit in a backward district of Rajasthan. Its marketing department is situated in Bhopal. The company is manufacturing Fast Moving Consumer Goods (FMCG). Which type of organisation structure would suit the requirements of the company?

A
Functional structure

B
Divisional structure

C
Formal organisation structure

D
Informal organisation structure

Solution

Considering the geographical spread and diverse functions of the company, a divisional structure would be a suitable choice for the organization. This structure allows the company to organize its operations based on geographical location or product lines.

In this case, the company has distinct locations for its registered office, manufacturing unit, and marketing department in different regions. A divisional structure would allow each division (e.g., Delhi, Rajasthan, Bhopal) to have its own functional departments such as production, marketing, and administration, tailored to the specific needs and challenges of that region.

Therefore, the correct answer is:

**2. Divisional structure**

This would help the company efficiently manage its operations across different locations and functions while ensuring coordination and focus on the specific requirements of each division.
Question 7
5 / -1

_______ cannot be delegated.

A
Authority

B
Responsibility

C
Authority and responsibility

D
Accountability and responsibility

Solution

Responsibility is the commitment of a subordinate to perform the appointed duty appropriately. It emerges from a superior-subordinate relationship on the grounds that the subordinate will undoubtedly perform the duty doled out to him by his boss. Obligation streams upward.

Being accountable means remaining by actions, decisions, and the general prosperity of projects or tasks. Accountability is likewise an administration cycle that guarantees workers respond to their boss for their activities and that managers act mindfully also.

Responsibility and accountability can not be delegated to the employees by their direct superiors.
Question 8
5 / -1

An Indian information technology company, presently employing 10,000 people, desires to expand its business in manufacturing, trading, etc. It wants to become a global company. To achieve its objectives, it started shifting from a centralised to a decentralised management system. Identify the management function being performed by the company to become a decentralised company.

A
Planning

B
Organising

C
Staffing

D
Directing

Solution

The management function being performed by the company to become a decentralized company. Organising
Question 9
5 / -1

“It refers to the systematic delegation of authority from top management to the lower level managers”. Mention it.

A
Decentralisation

B
Delegation

C
Informal organisation

D
Divisional
Question 10
5 / -1

Once departments have been formed, each of them is placed under the charge of General Manager.

A
True

B
False

C
Can't say

D
Partially true

Solution

Departments are placed under the charge of departmental heads.

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Business Studies Test - 21

Result

Business Studies Test - 21

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Question 1

Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)

Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A)

Assertion (A) is true but Reason (R) is false

Assertion (A) is false but Reason (R) is true

Solution

Question 2

True

False

Can't say

Partially true

Solution

Question 3

It helps in identifying opportunities and getting first mover advantage

It helps in identifying threats and early warning signals

It helps in improving performance

It helps in tapping useful resources

Solution

Question 4

Making assumptions about the future

Evaluating different proposals in light of the objectives to be achieved

Allocation of jobs to members of each department

Seeing whether activities are performed as per schedule or not

Solution

Question 5

Effective management

Relief to top-managers

Facilitation of growth

Basis of management hierarchy

Solution

Question 6

Functional structure

Divisional structure

Formal organisation structure

Informal organisation structure

Solution

Question 7

Authority

Responsibility

Authority and responsibility

Accountability and responsibility

Solution

Question 8

Planning

Organising

Staffing

Directing

Solution

Question 9

Decentralisation

Delegation

Informal organisation

Divisional

Question 10

True

False

Can't say

Partially true

Solution

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