Which of the following is not an element of entrepreneurship?

1. Innovation
2. Risk taking
3. Vision
4. Regular income

Arrange the following steps of a company’s organizing process in the correct sequence:

(A) Identification and division of work
(B) Departmentalisation
(C) Assignment of tasks
(D) Establishing reporting relationships

Choose the correct answer from the options given below:

1. (A), (B), (C), (D)
2. (A), (C), (B), (D)
3. (B), (A), (D), (C)
4. (C), (B), (D), (A)

"It is necessary to identify the needs of the customers and subsequently take various decisions for the successful marketing of products and services."
This statement is related to which function of Marketing?

1. Marketing Planning
2. Gathering and analyzing market information
3. Product designing and development
4. Customer support services

Match List–I with List–II

Choose the correct answer from the options given below:

1. (A) - (I), (B) - (II), (C) - (III), (D) - (IV)
2. (A) - (II), (B) - (III), (C) - (I), (D) - (IV)
3. (A) - (I), (B) - (III), (C) - (IV), (D) - (II)
4. (A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Arrange the following steps of a company's planning process in the correct sequence.

(A) Develop premises

(B) Set objectives

(C) Select an alternative

(D) Implement the plan

Choose the correct answer from the options given below:

1. (A), (B), (C), (D)
2. (A), (C), (B), (D)
3. (B), (A), (C), (D)
4. (B), (A), (D), (C)

Arrange the following steps of a company's planning process in the correct sequence.

(A) Develop premises

(B) Set objectives

(C) Select an alternative

(D) Implement the plan

Choose the correct answer from the options given below:

1. (A), (B), (C), (D)
2. (A), (C), (B), (D)
3. (B), (A), (C), (D)
4. (B), (A), (D), (C)

Which of the following relates to the recruitment process?

1. Training
2. Appraisal
3. Job Advertisement
4. Development

__________ comprises of separate business units or divisions wherein each unit has a manager responsible for performance and who has authority over the unit.

1. Matrix organisation
2. Staff organisation
3. Functional organization
4. Divisional structure

Which of the following statements is true?

1. Delegation is optional, whereas Decentralization is essential to get things done by others.
2. In delegation, management exercises minimal control and in decentralization, control rests on supervisor.
3. Delegation is individual and Decentralisation is totalistic in nature.
4. Delegation is a step towards the formation of semi-autonomous units whereas Decentralisation creates superior-subordinate relationships.

Which of the following are the elements of directing?

(A) Communication
(B) Motivation
(C) Supervision
(D) Compensation

Choose the correct answer from the options given below:

1. (A), (B) and (D) only
2. (A), (B) and (C) only
3. (A), (B), (C) and (D)
4. (B), (C) and (D) only

“It is very difficult to predict future happenings, especially when environmental changes are taking place too frequently.”
Which feature of business environment is reflected in the above statement?

1. Uncertainty
2. Dynamic nature
3. Complexity
4. Relativity

Which of the following statements does NOT represent the importance of business environment?

1. It helps in tapping useful resources
2. It helps in delegating authority in organisational structure
3. It helps in assisting in planning and policy formulation
4. It helps in improving performance

Which of the following cannot be termed as owners' funds?

1. Debenture
2. Equity
3. Retained earning
4. Reserves and surplus

Which of the following principles are taken from the 14 principles suggested by Henry Fayol?

(A) Discipline
(B) Scalar Chain
(C) Stability of the business organisation
(D) Equity

Choose the correct answer from the options given below:

1. (A), (B) and (D) only
2. (A), (B) and (C) only
3. (B), (C) and (D) only
4. (A), (C) and (D) only

Match List–I with List–II

Choose the correct answer from the options given below:

1. (A) – (IV), (B) – (II), (C) – (III), (D) – (I)
2. (A) – (I), (B) – (II), (C) – (III), (D) – (IV)
3. (A) – (I), (B) – (II), (C) – (IV), (D) – (III)
4. (A) – (III), (B) – (IV), (C) – (II), (D) – (I)

What is the full form of EBIT?

1. Earning Before Income Tax
2. Earning Before Interest and Tax
3. Expense Before Income and Tax
4. Expenses Before Interest and Tax

The Debt Service Coverage Ratio (DSCR) of Company A is higher than that of Company B. What does this indicate?

1. Company A is in better position to meet cash commitments
2. Company B is in better position to meet cash commitments
3. Company A’s potential to increase debt component in its capital structure is lower
4. Company B’s potential to increase debt component in its capital structure is higher

Arrange the following Redressal Agencies in the hierarchical structure (bottom to top) as per the Consumer Protection Act, 2019:

(A) District Commission
(B) National Commission
(C) Supreme Court
(D) State Commission

Choose the correct answer from the options given below:

1. (D), (B), (C), (A)
2. (A), (C), (B), (D)
3. (A), (D), (B), (C)
4. (C), (B), (D), (A)

The concept of Staffing is about:

1. Relationships between people, work and resources
2. External customers
3. Suppliers
4. Employees

Which of the following are important features of the 'Budget'?

(A) The budget is a single-use plan containing expected results in theoretical terms only.
(B) Budgets may be expressed in terms of time, materials or other suitable units capable of numerical expression.
(C) The budget is a plan which quantifies future facts and figures.
(D) The budget projects the expected revenues and expenses for a given period.

Choose the correct answer from the options given below:

1. (B), (C) and (D) only
2. (A), (B) and (C) only
3. (A), (B) and (D) only
4. (A), (C) and (D) only

Which of the following are the importance of delegation?

(A) Effective management
(B) Better coordination
(C) Motivation of employees
(D) Integrate employee-efforts

Choose the correct answer from the options given below:

1. (A) and (D) only
2. (A), (B) and (C) only
3. (A), (B) and (D) only
4. (B) and (C) only

Arrange the following stages of the staffing process in logical sequence.

(A) Placement and orientation
(B) Estimating manpower requirements
(C) Recruitment
(D) Selection

Choose the correct answer from the options given below:

1. (A), (B), (C), (D)
2. (B), (C), (D), (A)
3. (B), (A), (D), (C)
4. (C), (B), (D), (A)

Who is known as the father of general management?

1. Henry Fayol
2. Maslow
3. Herzberg
4. F. W. Taylor

Which of the following techniques is not used for environmental scanning?

1. SWOT Analysis
2. Budgetary Analysis
3. PESTAL Analysis
4. Industry Analysis

_____ is the force that binds all the other functions of management together.

1. Direction
2. Coordination
3. Communication
4. Leading

Which of the following is a consumer product?

1. Tyres purchased by a tyre manufacturing company
2. Wheat flour purchased by a pizza-making company
3. Pen purchased by a shopkeeper for his personal daily use
4. Mustard oil purchased by a restaurant

The management principles given by F. W. Taylor are scientific in nature whereas management principles given by Henry Fayol are _____ in nature.

1. Artistic
2. Non-Classical
3. Empirical
4. Administrative

Match List-I with List-II

Options:

1. (A) – (II), (B) – (I), (C) – (III), (D) – (IV)
2. (A) – (I), (B) – (III), (C) – (IV), (D) – (II)
3. (A) – (I), (B) – (II), (C) – (IV), (D) – (III)
4. (A) – (III), (B) – (IV), (C) – (I), (D) – (II)

Match List–I with List–II

Options:

1. (A) – (I), (B) – (II), (C) – (III), (D) – (IV)
2. (A) – (I), (B) – (III), (C) – (II), (D) – (IV)
3. (A) – (IV), (B) – (III), (C) – (II), (D) – (I)
4. (A) – (III), (B) – (IV), (C) – (I), (D) – (II)

Which of the following terms represents the number of subordinates that a superior can effectively manage?

1. Span of Management
2. Unity of Direction
3. Management Control System
4. Unity of Command

“Management is the process of working with and through others to effectively achieve organisational objectives by efficiently using limited resources in the changing environment.” Who gave this definition of management?

1. Hicks
2. Henry Fayol
3. Kreitner
4. Koontz

Which of the following is a generic function of management?

1. Controlling
2. Staffing
3. Organising
4. Directing

Since the future cannot be predicted with absolute accuracy, ______ premises may not be fully reliable.

1. Delegating
2. Planning
3. Coordination
4. Controlling

Which of the following is related to the importance of management?

(A) Helps in achieving group goals
(B) Makes available of extra funds at the right time
(C) Increases efficiency
(D) Creates dynamic organization

Choose the correct answer from the options given below:

1. (A), (B) and (D) only
2. (A), (B) and (C) only
3. (A), (B), (C) and (D)
4. (A), (C) and (D) only

For designing a tractor, the assembly line production would entail deciding the sequence of various operations, place for men, machines, and raw materials etc. All these are part of:

1. Motion study
2. Work measurement
3. Method study
4. Time study

Which of the following is the feature of planning?

1. Planning focuses on achieving objectives
2. Planning ensures success
3. Planning identifies the deviations and makes corrections
4. Planning groups important activities into workable units

Arrange the following steps of a company’s selection process in the correct sequence:

(A) Reference and background checks
(B) Selection tests
(C) Preliminary screening
(D) Employment interviews

Options:

1. (C), (B), (D), (A)
2. (A), (C), (B), (D)
3. (B), (C), (D), (A)
4. (C), (A), (D), (B)

Match List–I with List–II

Options:

1. (A) – (I), (B) – (II), (C) – (III), (D) – (IV)
2. (A) – (I), (B) – (III), (C) – (II), (D) – (IV)
3. (A) – (I), (B) – (III), (C) – (IV), (D) – (II)
4. (A) – (III), (B) – (IV), (C) – (I), (D) – (II)

The process of giving a name or a sign or a symbol etc., to a product is called:

1. Branding
2. Labelling
3. Grading
4. Marking

A ________ is a general statement that guides thinking or channelizes energies towards a particular direction.

1. Rule
2. Process
3. Policy
4. Programme

What was the result of Rajesh’s efforts?

1. Increased Costs
2. Improved Productivity
3. Reduced Workforce
4. Decline in Morale

How did Rajesh improve employee motivation?

1. By introducing an incentive scheme
2. By increasing salary
3. By hiring more staff to reduce the workload
4. By reducing work hours

Which leadership style was highlighted in Rajesh’s actions?

1. Authoritative control
2. Passive control
3. Laissez-faire
4. Democratic

What was the primary issue at ABC Manufacturing Ltd.?

1. Lack of resources
2. Resistance to change
3. Low salaries
4. Poor location

What was a key element of Rajesh’s communication?

1. Issuing orders
2. Avoiding conflict
3. Open communication
4. Formal reporting

Which element of control involves matching performance with standards?

1. Measurement
2. Corrective action
3. Comparison
4. Feedback

What was the performance gap initially identified?

1. 15%
2. 10%
3. 20%
4. 5%

What caused the delivery delays?

1. High fuel costs
2. Inefficient route planning and uncoordinated warehouse operations
3. Lack of vehicles
4. Poor marketing"

What corrective action was taken for warehouse operations?

1. Hiring more staff
2. Employee training
3. Increasing storage capacity
4. Outsourcing operations

Identify the main cause of the deviation that occurred in the organisation.

1. Unrealistic standards
2. Environmental factors
3. Social factors
4. Structural drawbacks