Introduction to Management – Financial and Strategic Management MCQ

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

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

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

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

Limitations of planning:

Planning –

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?

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

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

Administration can be viewed as:

It is also said that the administration is

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

Broadly speaking, the administration is concerned with –

Scientific management is based on the assumption that –

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

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

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

“Unity of Direction’’ means –

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

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

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

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

Controlling involves:

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

Directing the subordinates involves___

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

Organizing as a function of management involves –

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

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

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

Management qualifies all tests of a profession except

Management is –

Management is___science.

Importance of management:

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

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

(D) Henry Fayol

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

The word “management” derives its origin from a word__