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Business Studies Test - 22

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Business Studies Test - 22
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Weekly Quiz Competition
  • Question 1
    5 / -1

    The authority once granted to the subordinates can be taken back but can’t be re-assigned.

    Solution

    Authority once granted can be taken back and reassigned as the superior still remains accountable for the job.

  • Question 2
    5 / -1

    Rishabh Shoes India Limited is dealing in the manufacturing of shoes and is doing well in the industry. It plans to diversify the product by including manufacturing of sports wears, sports goods and sports equipments.

    Name the organisational structure it will have to adopt.

    Solution

    Each product is different from one another.

  • Question 3
    5 / -1

    A company, which manufactures a popular brand of toys, has been enjoying a good market reputation. It has a functional organisational structure with separate departments for Production, Marketing, Finance, HRD and R&D. Lately to use its brand name and also to cash on to new business opportunities, it is thinking to diversify into the manufacturing of a new range of electronic toys for which a new market is emerging. Which organisational structure is adopted by the company?

    Solution

    The company can continue with the same organisational functional structure as it has added a new product to the existing product line. It is just required to set up another manufacturing unit for electronic toys.

  • Question 4
    5 / -1

    Which of the following is not an element of delegation?

    Solution

    There are three elements of delegation authority, responsibility and accountability.

  • Question 5
    5 / -1

    Which statement is not correct, with respect to ‘organisation structure’?

    Solution

    Planning establishes standard for controlling.

  • Question 6
    5 / -1

    Organisation leads to optimal utilisation of resources which helps in

    Solution

    Organising leads to proper assignment of jobs which ensures proper usage of materials, financial and human resources, which reduces confusion and wastage of resources.

  • Question 7
    5 / -1

    ______ is a framework within which organisational activities are performed.

  • Question 8
    5 / -1

    The main purpose of ______ is involvement of all the employees working at different levels.

  • Question 9
    5 / -1

    To make the annual function of the school successful, the principal of the school divided all the activities into task groups each dealing with a specific area like rehearsals, decoration, stage management, refreshments, etc. Each group was placed under the overall supervision of a senior teacher.

    Which step of organising is being discussed here?

  • Question 10
    5 / -1

    Kiran industries is a company manufacturing office furniture. The company chose to diversify its operations to improve its growth potential and increase market share. As the project was important many alternatives were generated for the purpose and were thoroughly discussed amongst the members of the organisation. After evaluating the various alternatives Sukhvinder, the managing director of the company decided that they should add ‘Home Interiors and Furnishings’ as a new line of business activity. Name the framework, which the diversified organisation should adopt, to enable it to cope with the emerging complexity?

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