Q1.Identify the Principle of Management where Taylor pioneered the introduction of method of scientific inquiry into the domain of management practice.
A. Science, not rule of thumb ✓
B. Harmony not discord
C. Cooperation, not individualism
D. Development of each and every person to the greatest efficiency and prosperity
Show answer & explanation
Correct answer: A
Taylor's principle 'Science, not rule of thumb' advocated replacing rule-of-thumb methods with scientifically investigated, standardised methods of work.
Q2.Match List-I with List-II on the basis of Management Principles :
List-I: (A) Obedience to organisational rules; (B) One boss for every individual employee; (C) One head and one plan; (D) Remuneration should be just and equitable
List-II: (I) Unity of direction; (II) Remuneration of employees; (III) Discipline; (IV) Unity of command
A. (A) - (I), (B) - (II), (C) - (III), (D) - (IV)
B. (A) - (I), (B) - (III), (C) - (II), (D) - (IV)
C. (A) - (I), (B) - (II), (C) - (IV), (D) - (III)
D. (A) - (III), (B) - (IV), (C) - (I), (D) - (II) ✓
Show answer & explanation
Correct answer: D
Obedience to organisational rules = Discipline (III); One boss for every employee = Unity of command (IV); One head and one plan = Unity of direction (I); Remuneration just and equitable = Remuneration of employees (II). So A-III, B-IV, C-I, D-II.
Q3.The aim of which technique given by F.W. Taylor is to reduce a given line or a product to fixed types, sizes and characteristics ?
A. Method study
B. Time study
C. Standardisation of work ✓
D. Functional foremanship
Show answer & explanation
Correct answer: C
Standardisation (and simplification) of work aims to reduce a given line or product to fixed types, sizes and characteristics, eliminating superfluous varieties.
Q4.Match List-I with List-II on the basis of Management Principles :
List-I (Meaning): (A) Employees turnover should be minimised; (B) Emphasises kindliness and justice; (C) Chain of authority and communication from top to bottom; (D) Promotes team spirit
List-II (Term): (I) Stability of personnel; (II) Equity; (III) Espirit de corps; (IV) Scalar chain
A. (A) - (I), (B) - (II), (C) - (III), (D) - (IV)
B. (A) - (I), (B) - (III), (C) - (II), (D) - (IV)
C. (A) - (I), (B) - (II), (C) - (IV), (D) - (III) ✓
D. (A) - (III), (B) - (IV), (C) - (I), (D) - (II)
Show answer & explanation
Correct answer: C
Minimise employee turnover = Stability of personnel (I); kindliness and justice = Equity (II); chain of authority top to bottom = Scalar chain (IV); promotes team spirit = Esprit de corps (III). So A-I, B-II, C-IV, D-III.
Q5.Under which dimension of business environment is "Online Booking of Air Tickets" included ?
A. Legal dimension
B. Economic dimension
C. Technical dimension ✓
D. Social dimension
Show answer & explanation
Correct answer: C
Online booking of air tickets is enabled by technological advancement, hence it falls under the technological (technical) dimension of business environment.
Q6.Which of the following is an example of economic environment ?
A. Money supply in economy ✓
B. Constitution of the country
C. Life expectancy
D. Population shifts
Show answer & explanation
Correct answer: A
Money supply in the economy is a monetary/economic factor, hence part of the economic environment. The others are political/legal (constitution) and social/demographic (life expectancy, population shifts).
Q7.Which of the following is an example of legal environment ?
A. Death/Birth Ratio
B. Trade Union Act ✓
C. Prevailing Political System
D. Public Debt
Show answer & explanation
Correct answer: B
Trade Union Act is a legislation, hence part of the legal environment. Death/birth ratio is demographic, political system is political, public debt is economic.
Q8.Which of the following does not characterise business environment ?
A. Inter-related
B. External forces
C. Market orientation and product ✓
D. Relativity
Show answer & explanation
Correct answer: C
Features of business environment are: totality of external forces, specific and general forces, inter-relatedness, dynamic, uncertainty, complexity and relativity. 'Market orientation and product' is not a feature of business environment.
Q9.Identify the correct sequence of steps under the Planning function :
(A) Setting objectives; (B) Identifying alternative courses of action; (C) Developing premises; (D) Evaluating alternative courses of action
A. (A), (B), (C), (D)
B. (A), (C), (B), (D) ✓
C. (B), (A), (D), (C)
D. (C), (B), (D), (A)
Show answer & explanation
Correct answer: B
Planning steps: Setting objectives (A) -> Developing premises (C) -> Identifying alternative courses of action (B) -> Evaluating alternatives (D). So A, C, B, D.
Q10.Identify the correct sequence of Selection process :
(A) Selection decision; (B) Employment interview; (C) Selection tests; (D) Reference checking
A. (A), (B), (C), (D)
B. (A), (C), (B), (D)
C. (B), (A), (D), (C)
D. (C), (B), (D), (A) ✓
Show answer & explanation
Correct answer: D
Selection process order: Selection tests (C) -> Employment interview (B) -> Reference checking (D) -> Selection decision (A). So C, B, D, A.
Q11."It is a joint programme of training in which educational institutions and business firms cooperate." Identify the method of training.
A. Vestibule training
B. Apprenticeship training
C. Internship training ✓
D. Job rotation
Show answer & explanation
Correct answer: C
Internship training is a joint programme of training in which educational institutions and business firms cooperate, combining theoretical knowledge with practical experience.
Q12.Match List-I with List-II on the basis of meaning and name of the concept :
List-I: (A) Choosing the most appropriate candidate; (B) Candidate is given an introduction to superiors; (C) Learning the skills related to a job; (D) Searching for prospective employees
List-II: (I) Selection; (II) Orientation; (III) Recruitment; (IV) Training
A. (A) - (I), (B) - (II), (C) - (III), (D) - (IV)
B. (A) - (I), (B) - (III), (C) - (II), (D) - (IV)
C. (A) - (I), (B) - (II), (C) - (IV), (D) - (III) ✓
D. (A) - (III), (B) - (IV), (C) - (I), (D) - (II)
Show answer & explanation
Correct answer: C
Choosing most appropriate candidate = Selection (I); introduction to superiors = Orientation (II); learning job skills = Training (IV); searching for prospective employees = Recruitment (III). So A-I, B-II, C-IV, D-III.
Q13.Which of the following is a process of incitement or inducing subordinates to act in a desired manner to achieve organisational goals ?
A. Motivation ✓
B. Supervision
C. Leadership
D. Communication
Show answer & explanation
Correct answer: A
Motivation is the process of inducing/stimulating subordinates to act in a desired manner to achieve organisational goals.
Q14.Find the correct sequence of needs as given by Maslow in his Need Hierarchy Theory.
(A) Belongingness needs; (B) Safety and Security needs; (C) Self-actualisation needs; (D) Esteem needs
A. (A), (B), (C), (D)
B. (A), (C), (B), (D)
C. (B), (A), (D), (C) ✓
D. (C), (B), (D), (A)
Show answer & explanation
Correct answer: C
Maslow's hierarchy from lowest to highest (excluding physiological): Safety/Security (B) -> Belongingness (A) -> Esteem (D) -> Self-actualisation (C). So B, A, D, C.
Q15."________ is a process of influencing the behaviour of people by making them strive voluntarily towards achievement of organisational goals."
A. Motivation
B. Supervision
C. Leadership ✓
D. Communication
Show answer & explanation
Correct answer: C
Leadership is the process of influencing the behaviour of people by making them strive voluntarily towards the achievement of organisational goals (NCERT definition).
Q16.Which of the following is not a limitation of Controlling ?
A. Costly affair
B. Resistance from employees
C. Ensure order and discipline ✓
D. Little control on external factors
Show answer & explanation
Correct answer: C
Limitations of controlling include difficulty in setting quantitative standards, little control over external factors, resistance from employees and being costly. 'Ensure order and discipline' is a benefit, not a limitation.
Q17.Identify the correct sequence of Controlling process :
(A) Analysing deviations; (B) Measurement of actual performance; (C) Setting up standards; (D) Comparison of actual performance with standards
A. (A), (B), (C), (D)
B. (A), (C), (B), (D)
C. (B), (A), (D), (C)
D. (C), (B), (D), (A) ✓
Show answer & explanation
Correct answer: D
Controlling steps: Setting standards (C) -> Measurement of actual performance (B) -> Comparison with standards (D) -> Analysing deviations (A) [then taking corrective action]. So C, B, D, A.
Q18."Only a 5% increase in labour cost may be more troublesome than a 15% increase in postal charges." Identify the concept pointed out in the statement.
A. Deviation
B. Critical point control ✓
C. Break-even analysis
D. Critical path method
Show answer & explanation
Correct answer: B
Focusing control on key result areas (KRAs) that are critical to organisational success — like labour cost being more significant than postal charges — is the principle of critical point control / management by exception.
Q19.Identify the function performed by Financial Market from the following statement :
"Holders of assets can readily sell their financial assets through the mechanism of the financial market."
A. Reduce the cost of transactions
B. Provide liquidity to financial assets ✓
C. Facilitate price discovery
D. Mobilisation of savings and channelising them into the most productive uses
Show answer & explanation
Correct answer: B
The ability of asset holders to readily sell financial assets through the market reflects the function of providing liquidity to financial assets.
Q20.If any of the parties are not satisfied by the order of ________, they can appeal against such order to the State Commission on the grounds of facts or law within a period of forty-five days from the date of order.
A. District Commission ✓
B. State Commission
C. National Commission
D. Local Court
Show answer & explanation
Correct answer: A
Appeals from the order of the District Commission go to the State Commission within 45 days. So the blank is District Commission.
Q21.Identify the importance of consumer protection discussed in the following lines — "Business organisations make money by selling goods and providing services to consumers. Thus, consumers form an important group among the many stakeholders of business and like other stakeholders, their interest has to be well taken care of."
A. Moral justification
B. Business uses society's resources
C. Social responsibility ✓
D. Long-term interest of business
Show answer & explanation
Correct answer: C
Consumers being an important stakeholder group whose interest must be cared for like other stakeholders reflects the social responsibility justification for consumer protection from the business point of view.
Q22.Identify the Consumer Right – "The consumer has the freedom to access variety of products at competitive prices. This implies that the marketers should offer a wide variety of products in terms of quality, brand, prices, size, etc."
A. Right to Safety
B. Right to Seek Redressal
C. Right to be Assured ✓
D. Right to Consumer Education
Show answer & explanation
Correct answer: C
The Right to be Assured (Right to Choose) gives the consumer freedom to access a variety of products at competitive prices. Among given options, Right to be Assured corresponds to this.
Q23.Identify the method of floatation in Primary Market wherein a company sells securities enbloc at an agreed price to a broker.
A. Rights issue
B. Offer for sale ✓
C. e-IPOs
D. Offer through Prospectus
Show answer & explanation
Correct answer: B
Under 'Offer for Sale', securities are sold en bloc at an agreed price to brokers/issue houses, who then resell them to the investing public.
Q24.Match List-I with List-II on the basis of meaning and the term :
List-I (Meaning): (A) Right to command; (B) Obligation to perform task; (C) Accountability; (D) Basis of management hierarchy
List-II (Term): (I) Answerability; (II) Delegation; (III) Authority; (IV) Responsibility
A. (A) - (I), (B) - (II), (C) - (III), (D) - (IV)
B. (A) - (I), (B) - (III), (C) - (II), (D) - (IV)
C. (A) - (I), (B) - (II), (C) - (IV), (D) - (III)
D. (A) - (III), (B) - (IV), (C) - (I), (D) - (II) ✓
Show answer & explanation
Correct answer: D
Right to command = Authority (III); Obligation to perform task = Responsibility (IV); Accountability = Answerability (I); Basis of management hierarchy = Delegation (II). So A-III, B-IV, C-I, D-II.
Q25.Identify the correct sequence of Organising function of management.
(A) Establishing authority and reporting relationships; (B) Departmentalisation; (C) Identification and division of work; (D) Assignment of duties
A. (A), (B), (C), (D)
B. (A), (C), (B), (D)
C. (B), (A), (D), (C)
D. (C), (B), (D), (A) ✓
Show answer & explanation
Correct answer: D
Organising steps: Identification and division of work (C) -> Departmentalisation (B) -> Assignment of duties (D) -> Establishing reporting relationships/authority (A). So C, B, D, A.
Q26.The formal organisation can be better understood by a study of its features which are as follows :
(A) It specifies the relationships among various job positions and the nature of their inter-relationship. This clarifies who has to report to whom.
(B) It is a means to achieve the objectives specified in the plans, as it lays down rules and procedures essential for their achievement.
(C) Independent channels of communication without specified direction of flow of information are developed by group members.
(D) It is deliberately designed by the top management to facilitate the smooth functioning of the organisation.
Which of the following options are correct ?
A. (A), (B) and (D) only ✓
B. (A), (B) and (C) only
C. (A), (B), (C) and (D)
D. (B), (C) and (D) only
Show answer & explanation
Correct answer: A
Statements A, B and D describe formal organisation. Statement C (independent channels of communication without specified direction) describes informal organisation. So (A), (B) and (D) only.
Q27.The informal organisation offers many benefits. Important among them are given below :
(A) Prescribed lines of communication are not followed. Thus, informal organisation leads to faster spread of information as well as quick feedback.
(B) It helps to fulfil the social needs of the members and allows them to find like minded people. This enhances their job satisfaction since it gives them a sense of belongingness in the organisation.
(C) It contributes towards fulfilment of organisational objectives by compensating for inadequacies in the formal organisation.
(D) Unity of command is maintained through an established chain of command.
A. (A), (B) and (D) only
B. (A), (B) and (C) only ✓
C. (A), (B), (C) and (D)
D. (B), (C) and (D) only
Show answer & explanation
Correct answer: B
Statements A, B and C are benefits of informal organisation. Statement D (unity of command through chain of command) is a feature of formal organisation, not a benefit of informal. So (A), (B) and (C) only.
Q28.Identify the correct sequence of trading & settlement procedure :
(A) The investor has to sign a broker client agreement.
(B) The investor has to open a 'Demat' Account.
(C) An order confirmation slip is issued to the investor by the broker.
(D) The broker will then go online and connect to the main stock exchange.
A. (A), (B), (C), (D) ✓
B. (A), (C), (B), (D)
C. (B), (A), (D), (C)
D. (C), (B), (D), (A)
Show answer & explanation
Correct answer: A
Trading and settlement: sign broker-client agreement (A) -> open Demat account (B) -> order confirmation slip issued (C) -> broker goes online to connect to stock exchange (D). So A, B, C, D.
Q29.The market where existing securities are bought and sold is known as ________.
A. Primary market
B. Secondary market ✓
C. Capital market
D. Financial market
Show answer & explanation
Correct answer: B
The secondary market (stock exchange) is where existing/already-issued securities are bought and sold among investors.
Q30.Qualities of successful entrepreneur do not include :
A. Initiative
B. Self-confidence
C. Risk avoider ✓
D. Wealth creators
Show answer & explanation
Correct answer: C
Entrepreneurs are calculated risk-takers, not risk avoiders. Initiative, self-confidence and being wealth creators are qualities of a successful entrepreneur.
Q31.Identify the function performed by SEBI :
"It controls insider trading, takeover bids and imposes penalties for such practices."
A. Protective functions ✓
B. Regulatory functions
C. Developmental functions
D. Preventive functions
Show answer & explanation
Correct answer: A
Controlling insider trading, prohibiting fraudulent and unfair trade practices, and imposing penalties are protective functions of SEBI (protecting investor interests).
Q32.Financial management aims at choosing the best investment and financing alternatives by focusing on their costs and benefits. Its objective is to :
A. Increase the shareholders' wealth ✓
B. Decrease the shareholders' wealth
C. Increase the shareholders' capital
D. Decrease the shareholders' capital
Show answer & explanation
Correct answer: A
The primary objective of financial management is wealth maximisation, i.e., to maximise/increase the shareholders' wealth.
Q33.A proper matching of funds requirements and their availability is sought to be achieved by ________.
A. Financial planning ✓
B. Financial control
C. Capital budgeting
D. Investment decisions
Show answer & explanation
Correct answer: A
Financial planning ensures that enough funds are available at the right time and avoids surplus, achieving a proper matching between funds requirements and their availability.
Q34.Debt is ________ but is more ________ for a business because the payment of interest and the return of principal is obligatory for the business.
A. Cheaper, risky ✓
B. Cheaper, safe
C. Expensive, risky
D. Expensive, safe
Show answer & explanation
Correct answer: A
Debt is a cheaper source of finance (interest is tax-deductible) but is more risky because payment of interest and return of principal are obligatory.
Q35."Coordination unifies unrelated interests into purposeful work activity." Identify the nature of coordination.
A. Coordination is an all pervasive function
B. Coordination is a continuous process
C. Coordination ensures unity of action
D. Coordination integrates group efforts ✓
Show answer & explanation
Correct answer: D
Coordination integrates group efforts — it gives a common focus to group effort, unifying unrelated/diverse interests into purposeful work activity.
Q36.Akash Industries has installed a waste recycling plant in its premises and does not dump their waste material anymore. This plant is providing employment to many people. Identify the objective of management which the company is achieving by doing the aforesaid activity.
A. Social objective ✓
B. Economic objective
C. Personal objective
D. Growth
Show answer & explanation
Correct answer: A
Recycling waste (avoiding environmental harm) and providing employment to people are social objectives of management — benefiting society.
Q37."Management always works by keeping an end result or aim of the organisation. All activities of managers are directed towards the end result." From the above statement, identify the feature of management.
A. Management is multidimensional
B. Management is continuous
C. Management is intangible
D. Management is a goal oriented process ✓
Show answer & explanation
Correct answer: D
Working towards an end result/aim with all activities directed towards the goal reflects that management is a goal-oriented process.
Q38.The key position of top-level management is ________.
A. Managing Director ✓
B. Production Manager
C. Marketing Manager
D. Plant Supervisor
Show answer & explanation
Correct answer: A
Top-level management includes the Managing Director, CEO, Chairman and Board of Directors. Managing Director is a key top-level position. Production/Marketing managers are middle-level; supervisors are operational.
Q39.Match List-I with List-II.
List-I: (A) Intelligence test; (B) Aptitude test; (C) Personality test; (D) Trade test
List-II: (I) Indicator of a person's capacity to develop; (II) Clues to a person's emotions, values, etc.; (III) Measure existing skills of the individual; (IV) Indicator of a person's learning ability and ability to make judgements
A. (A) - (I), (B) - (II), (C) - (III), (D) - (IV)
B. (A) - (IV), (B) - (I), (C) - (II), (D) - (III) ✓
C. (A) - (II), (B) - (III), (C) - (I), (D) - (IV)
D. (A) - (I), (B) - (III), (C) - (IV), (D) - (II)
Show answer & explanation
Correct answer: B
Intelligence test = learning ability and judgement (IV); Aptitude test = capacity to develop (I); Personality test = emotions, values (II); Trade test = measure existing skills (III). So A-IV, B-I, C-II, D-III.
Q40.Which of the following are advantages of functional structure of an organisation ?
(A) Leads to occupational specialisation.
(B) Places less emphasis on organisational objectives.
(C) Promotes coordination and control within a department.
(D) Increases operational efficiency.
A. (A), (B) and (C) only
B. (A) and (B) only
C. (A), (C) and (D) only ✓
D. (C) and (D) only
Show answer & explanation
Correct answer: C
Advantages of functional structure: occupational specialisation (A), coordination and control within a department (C), operational efficiency (D). Statement B (less emphasis on organisational objectives) is a disadvantage. So (A), (C) and (D) only.
"Just Foodie" is a food chain offering different snacks like chips, biscuits, chocochip cookies, cakes, etc. through their own retail outlets. To make their products available to customers at right time, right place, they are also selling their products to grocery stores in addition to their own outlets. The taste, quality and packing are given utmost care. They are offering good quality, so they are able to charge higher price than their competitors. To increase their sales, they are using different offers like : Free gifts, Cash backs, etc. They are offering discounts to customers on various occasions. All these considerations have made "Just Foodie" a complete success and they are able to win over different competitors in the market, and their market share is rising continuously.
Q41.In the above case "Just Foodie" is using various variables of Marketing Mix. Identify the variable used in the following statement :
"To make their products available to customers at right time, right place, they are also selling their products to grocery stores in addition to their own outlets."
A. Product
B. Price
C. Promotion
D. Physical distribution ✓
Show answer & explanation
Correct answer: D
Making products available at the right time and right place through grocery stores and outlets relates to Place/Physical distribution (channels of distribution).
Q42.Identify the element of marketing mix in the following statement :
"The taste, quality and packing are given utmost care."
A. Product mix ✓
B. Price mix
C. Promotion mix
D. Physical distribution mix
Show answer & explanation
Correct answer: A
Taste, quality and packing are features/attributes of the product, hence relate to the Product mix.
Q43."They are able to charge higher price than their competitors." Which element of marketing mix is discussed in the statement ?
A. Product mix
B. Price mix ✓
C. Promotion mix
D. Physical distribution mix
Show answer & explanation
Correct answer: B
Charging a higher price than competitors relates to the Price mix element of the marketing mix.
Q44."To increase their sales, they are using different offers like : Free gifts, Cash backs etc. They are offering discounts to customers on various occasions." Identify the marketing mix element from the above statement.
A. Product mix
B. Price mix
C. Promotion mix ✓
D. Physical distribution mix
Show answer & explanation
Correct answer: C
Free gifts, cash backs and discounts are sales promotion tools, which fall under the Promotion mix.
Q45."To increase their sales, they are using different offers like : Free gifts, Cash backs etc. They are offering discounts to customers on various occasions." Which tool of the promotion mix is used in the given statement ?
A. Advertisement
B. Sales promotion ✓
C. Personal selling
D. Publicity
Show answer & explanation
Correct answer: B
Free gifts, cash backs and discounts are short-term incentives that constitute Sales promotion, a tool of the promotion mix.
A Maharatna Company, Indian Oil. Indian Oil is India's largest commercial organisation. It is the top ranked Indian company in the Fortune 'Global 500' listings (2017). Indian Oil's vision is driven by a group of dynamic leaders, who have made it a name to reckon with. With an over 34,000 strong workforce, a Maharatna Company, Indian Oil has been helping to meet India's energy demands and reaching petroleum products in every part of India for over five decades. It plans to increase its business operations all around the world. The company plans to invest Rs 20,000 crore in 2017-18 acquisitions and plans to expand overseas. The company is always believed to be ahead of the demand. Last year too, IOC had invested close to Rs 20,000 crore, including around Rs 16,000 crore in various Indian projects and on acquisition for upstream in Russia. The company believed that if the goals are well defined, employees are aware of what the organisation has to do and what they must do to achieve those goals. Changes or events cannot be eliminated, but they can be anticipated and managerial responses to them can be developed. Policy formation serves as the basis of coordinating the activities and efforts of different divisions, departments and individuals. It helps in avoiding confusion and misunderstanding. Manager can look into the future and make a choice from amongst various alternative courses of action.
Q46.Identify the function of management highlighted in the above case.
A. Organising
B. Staffing
C. Directing
D. Planning ✓
Show answer & explanation
Correct answer: D
Defining goals, anticipating future changes, policy formation, looking into the future and choosing among alternative courses of action all describe the Planning function of management.
A Maharatna Company, Indian Oil. Indian Oil is India's largest commercial organisation. It is the top ranked Indian company in the Fortune 'Global 500' listings (2017). With an over 34,000 strong workforce, Indian Oil has been helping to meet India's energy demands for over five decades. The company believed that if the goals are well defined, employees are aware of what the organisation has to do and what they must do to achieve those goals. Changes or events cannot be eliminated, but they can be anticipated and managerial responses to them can be developed. Policy formation serves as the basis of coordinating the activities and efforts of different divisions, departments and individuals. It helps in avoiding confusion and misunderstanding. Manager can look into the future and make a choice from amongst various alternative courses of action.
Q47."If the goals are well defined, employees are aware of what the organisation has to do and what they must do to achieve those goals." Identify the significance of managerial function highlighted in this statement.
A. Facilitates decision making
B. Reduces overlapping and wasteful activities
C. Reduces risks of uncertainty
D. Provides direction ✓
Show answer & explanation
Correct answer: D
Well-defined goals making employees aware of what to do reflects that planning 'provides direction' to action.
A Maharatna Company, Indian Oil. The company believed that if the goals are well defined, employees are aware of what the organisation has to do. Changes or events cannot be eliminated, but they can be anticipated and managerial responses to them can be developed. Policy formation serves as the basis of coordinating the activities and efforts of different divisions, departments and individuals. It helps in avoiding confusion and misunderstanding. Manager can look into the future and make a choice from amongst various alternative courses of action.
Q48."Changes or events cannot be eliminated, but they can be anticipated and managerial responses to them can be developed." Identify the significance of managerial function highlighted in this statement.
A. Provides direction
B. Reduces risks of uncertainty ✓
C. Reduces overlapping and wasteful activities
D. Facilitates decision making
Show answer & explanation
Correct answer: B
Anticipating changes/events in advance and preparing managerial responses reflects that planning 'reduces the risks of uncertainty'.
A Maharatna Company, Indian Oil. Policy formation serves as the basis of coordinating the activities and efforts of different divisions, departments and individuals. It helps in avoiding confusion and misunderstanding. Manager can look into the future and make a choice from amongst various alternative courses of action.
Q49."Policy formation serves as the basis of coordinating the activities and efforts of different divisions, departments and individuals. It helps in avoiding confusion and misunderstanding." Identify the significance of managerial function highlighted in this statement.
A. Facilitates decision making
B. Reduces risks of uncertainty
C. Provides direction
D. Reduces overlapping and wasteful activities ✓
Show answer & explanation
Correct answer: D
Coordinating activities of different divisions/departments and avoiding confusion and overlap reflects that planning 'reduces overlapping and wasteful activities'.
A Maharatna Company, Indian Oil. Manager can look into the future and make a choice from amongst various alternative courses of action.
Q50."Manager can look into the future and make a choice from amongst various alternative courses of action." Identify the significance of managerial function highlighted in this statement.
A. Provides direction
B. Reduces risks of uncertainty
C. Reduces overlapping and wasteful activities
D. Facilitates decision making ✓
Show answer & explanation
Correct answer: D
Looking into the future and choosing from among alternative courses of action reflects that planning 'facilitates decision making'.
Original question paper source: National Testing Agency (NTA), CUET (UG) 2024. Reproduced for educational use. Answers & explanations by UniDrill.