Introduction to Management – Financial and Strategic Management MCQ

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Introduction to Management – Financial and Strategic Management MCQ

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Identify correct steps in forecasting.I. Analysis of deviations
II. Forecasting future course of business
III. Improving the existing forecasting procedure
IV. Identifying and developing the structure

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Identify the correct steps in planning.I. Selecting a course of action
II. Determining alternative courses
III. Establishing objectives
IV. Formulating derivative plans
V. Evaluation of alternatives
VI. Establishment of planning premises

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Which of the following can be treated as an internal planning premise?

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The planning process comprises determination and laying down of –(i) Objectives
(ii) Policies
(iii) Procedures
(iv) Rules
(v) Remuneration

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Limitations of planning:

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Planning –

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Planning is deciding in advance(I) What is to be done?
(II) How is it to be done?
(III) When it is to be done?(IV) Who has to do it?

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Which of the following is NOT a measure of a manager’s effectiveness?

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Managers require a combination of technical competence, social and human skills, and conceptual ability. Technical competence may be defined as:

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Administration can be viewed as:

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It is also said that the administration is

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The Board of directors of any company is normally concerned with –

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Broadly speaking, the administration is concerned with –

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Scientific management is based on the assumption that –

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Which of the following principle of Henry Fayol emphasizes the need for teamwork?

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Which of the following principle of Henry Fayol refers to superior-subor¬dinate relations?

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An employee shall receive orders from one senior only. This principle is known as –

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“Unity of Direction’’ means –

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Out of principles of management suggested by Henry Fayol, ‘Discipline’ is necessary to ensure obedience and respect for –

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Who is popularly known as the father of ‘modern management theory?

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Who is popularly known as the father of ‘scientific management?

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Which of the following is not one of the five elements of management?

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Controlling involves:

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Maintaining discipline and reward¬ing effective performance is part of the function of management.

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Directing the subordinates involves___

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__provides the organization with an adequate number of competent and qualified personnel at all levels in the enterprise.

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Organizing as a function of management involves –

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Which of the following is a fundamental function of management and all other functions of management are greatly influenced by it?

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Which of the following is the preparatory step for actions and helps in bridging the gap between the present and the future?

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Henry Fayol, the industrialist and popularly known as the ‘founder of modern management theory,

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Management qualifies all tests of a profession except

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Management is –

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Management is___science.

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Importance of management:

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Koontz & O’Donnell state that man¬agement means, “Getting things done

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Koontz & O’Donnell state that man¬agement means, “Getting things done

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(D) Henry Fayol

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According to whom “to manage is to forecast, and to plan, to organize to command, to coordinate and to command”?

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The word “management” derives its origin from a word__

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