Business Studies Test

Result

Business Studies Test - 28

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Score
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Question 1/10
5 / -1

The word ________ denotes a function, a task, a discipline.

Correct

Wrong

Skipped
A
Management

Correct

Wrong

Skipped
B
Leadership

Correct

Wrong

Skipped
C
Motivation

Correct

Wrong

Skipped
D
None of the above

Solutions

The word management denotes a function, a task, a discipline.

This is a multiple choice question based on the principles and practices of management.

These question helps to figure out the basics and understandings of the students.

Filling in the right option ensures their knowledge and information regarding the chapter and subject to be precise.

Here the right answer is management.
Question 2/10
5 / -1

Vinod Limited target production was 25,000 units in a year. Production manager was able to achieve this target but at a higher prodcution cost. In this case, manager is ________ but not ________.

Correct

Wrong

Skipped
A
Efficient but not effective

Correct

Wrong

Skipped
B
Effective but not efficient

Correct

Wrong

Skipped
C
Efficient but not honest

Correct

Wrong

Skipped
D
None of these

Solutions

Effectiveness in management is concerned with doing the right task, completing activities and achieving goals or target.In the above case manager was able to achieve the target of 25,000 units in a year. That's why he can be called effective.

Efficiency means doing the task correctly and with minimum cost. In the above case manager achieved the target at higher production cost. That's why he can not be called efficient.

Hence, the correct option is B.
Question 3/10
5 / -1

Management is the process of planning, organising, staffing, directing and controlling the enterprise resources efficiently and effectively for achieving the goals of the organisation. Effectiveness in Management is concerned with doing the right task, completing activities and achieving goals. Efficiency means doing the task correctly with minimum cost. Answer the following questions on the basis of above case.

Company’s target production is 10,000 units in a year. To achieve this target the manager has to operate on double shifts due to power failure most of the time. In the above case manager was:

Correct

Wrong

Skipped
A
Effective and efficient both

Correct

Wrong

Skipped
B
Only efficient

Correct

Wrong

Skipped
C
Efficient but not effective

Correct

Wrong

Skipped
D
Effective but not so efficient

Solutions

Effectiveness is concerned with minimum time whereas, efficiency is concerned with minimum cost incurred. Here, the manager is effective as he is willing to get the work done in time, however, achieving this at huge cost considering running the factory double shifts due to power failure.
Question 4/10
5 / -1

Management is the process of planning, organising, staffing, directing and controlling the enterprise resources efficiently and effectively for achieving the goals of the organisation. Effectiveness in Management is concerned with doing the right task, completing activities and achieving goals. Efficiency means doing the task correctly with minimum cost. Answer the following questions on the basis of above case.

Cutting down the cost but not achieving the target production is an example of:

Correct

Wrong

Skipped
A
Effective but not efficient

Correct

Wrong

Skipped
B
Effective and efficient both

Correct

Wrong

Skipped
C
Efficient but not effective

Correct

Wrong

Skipped
D
Neither efficient nor effective

Solutions

Cutting down the cost but not achieving the target production indicates that the task is being performed correctly (efficiently) with minimum cost, but it is not leading to the desired outcome (effectiveness) of achieving the target production. In this case, the process may be efficient in terms of minimizing costs, but it is not effective in accomplishing the primary goal of meeting the target production level.
Question 5/10
5 / -1

Management is the process of planning, organising, staffing, directing and controlling the enterprise resources efficiently and effectively for achieving the goals of the organisation. Effectiveness in Management is concerned with doing the right task, completing activities and achieving goals. Efficiency means doing the task correctly with minimum cost. Answer the following questions on the basis of above case.

____ implies setting goals in advance and developing a way of achieving them efficiently and effectively

Correct

Wrong

Skipped
A
Organising

Correct

Wrong

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B
Controlling

Correct

Wrong

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C
Planning

Correct

Wrong

Skipped
D
Coordination

Solutions

Planning is bridging the gap between where we are and where we want to reach. It is setting goals in advance and developing the ways to achieve the same, effectively and efficiently.
Question 6/10
5 / -1

Management is the process of planning, organising, staffing, directing and controlling the enterprise resources efficiently and effectively for achieving the goals of the organisation. Effectiveness in Management is concerned with doing the right task, completing activities and achieving goals. Efficiency means doing the task correctly with minimum cost.

Answer the following questions on the basis of above case.

____ is the management function of monitoring organisational performance towards the attainment of organisational goals.

Correct

Wrong

Skipped
A
Planning

Correct

Wrong

Skipped
B
Organising

Correct

Wrong

Skipped
C
Directing

Correct

Wrong

Skipped
D
Controlling

Solutions

Controlling is measurement of actual performance and comparison of the same against the set standards, checking deviations, if any and taking corrective measures; in order to attaint the organisational goals.
Question 7/10
5 / -1

In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:

Assertion (A): Trade tests are used to know the pattern of interests or involvement of a person.

Reason (R): Selection test is a mechanism that attempts to measure certain characteristics of individuals.

Correct

Wrong

Skipped
A
Both (A) and (R) are true, and (R) is the correct explanation of (A).

Correct

Wrong

Skipped
B
Both (A) and (R) are true, but (R) is not the correct explanation of (A).

Correct

Wrong

Skipped
C
(A) is true, but (R) is false.

Correct

Wrong

Skipped
D
(A) is false, but (R) is true.

Solutions

Every individual has fascination for some job than the other. Interest tests are used to know the pattern of interests or involvement of a person.
Question 8/10
5 / -1

In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:

Assertion (A): Staffing is the most fundamental and critical drive of organisational performance.

Reason (R): No organisation can be successful unless it can fill and keep filled the various positions provided for in the structure with the right kind of people.

Correct

Wrong

Skipped
A
Both (A) and (R) are true, and (R) is the correct explanation of (A).

Correct

Wrong

Skipped
B
Both (A) and (R) are true, but (R) is not the correct explanation of (A).

Correct

Wrong

Skipped
C
(A) is true, but (R) is false.

Correct

Wrong

Skipped
D
(A) is false, but (R) is true.

Solutions

Staffing is ‘putting people to jobs’. Human resources are the foundation of any business. The right people can help you take your business to the top; the wrong people can break your business. Hence, staffing is the most fundamental and critical drive of organisational performance.
Question 9/10
5 / -1

In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:

Assertion (A): The controlling function measures progress towards the organisational goals.

Reason (R): Controlling guides the organisation and keeps it on the right track so that organisational goals might be achieved.

Correct

Wrong

Skipped
A
Both (A) and (R) are true, and (R) is the correct explanation of (A).

Correct

Wrong

Skipped
B
Both (A) and (R) are true, but (R) is not the correct explanation of (A).

Correct

Wrong

Skipped
C
(A) is true, but (R) is false.

Correct

Wrong

Skipped
D
(A) is false, but (R) is true.

Solutions

Controlling as a function of management refers to the evaluation of actual performance of work against planned or standard performance and taking the corrective action, if necessary.
Question 10/10
5 / -1

Nature of informal organisation is _______________________

Correct

Wrong

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A
Rigid

Correct

Wrong

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B
Flexible

Correct

Wrong

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C
Mandatory

Correct

Wrong

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D
None of these

Solutions

It arises as a result of social interaction. There no set behaviour and rules. Thus it is flexible in nature.

Question 1/10

Management

Leadership

Motivation

None of the above

Question 2/10

Efficient but not effective

Effective but not efficient

Efficient but not honest

None of these

Question 3/10

Effective and efficient both

Only efficient

Efficient but not effective

Effective but not so efficient

Question 4/10

Effective but not efficient

Effective and efficient both

Efficient but not effective

Neither efficient nor effective

Question 5/10

Organising

Controlling

Planning

Coordination

Question 6/10

Planning

Organising

Directing

Controlling

Question 7/10

Both (A) and (R) are true, and (R) is the correct explanation of (A).

Both (A) and (R) are true, but (R) is not the correct explanation of (A).

(A) is true, but (R) is false.

(A) is false, but (R) is true.

Question 8/10

Both (A) and (R) are true, and (R) is the correct explanation of (A).

Both (A) and (R) are true, but (R) is not the correct explanation of (A).

(A) is true, but (R) is false.

(A) is false, but (R) is true.

Question 9/10

Both (A) and (R) are true, and (R) is the correct explanation of (A).

Both (A) and (R) are true, but (R) is not the correct explanation of (A).

(A) is true, but (R) is false.

(A) is false, but (R) is true.

Question 10/10

Rigid

Flexible

Mandatory

None of these