Nature and Significance of management Quiz-1

Nature and Significance of management Quiz-1

Quiz

 

1. Managers apply management principles by using creativity. This is related to
   1.   Management as Science
   2.   Management as an Art
   3.   Management as both Science and Art
   4.   Management as a profession
2. Ravi joined a marketing firm as a Sales manager. On his first day in the company, during the orientation programme, the CEO of the company told Ravi that he will have to simultaneously perform the functions of management (planning, organizing, staffing, directing, controlling) all the time. Which characteristic of management was the CEO referring to?
   1.   Management is a continuous process
   2.   Management is all pervasive
   3.   Management is multidimensional
   4.   Management is goal oriented
3. The process of creating an internal environment, where individuals work effectively and efficiently for achievement of goal is known as________________.
   1.   Coordination
   2.   Delegation
   3.   Management
   4.   Planning
4. Management is a process because _____________
   1.   It involves series of steps
   2.   It leads to systematic working
      the above
   3.   It involves one single activity
   4.   None of These
5. Unlike professions such as medicine or law which require a practicing doctor or lawyer to possess valid degrees, nowhere in the world is it mandatory for a manager to possess any such professional degree. Identify the characteristic of the profession being discussed above which is not being strictly met by management.
   1.   Well defined body of knowledge
   2.   Restricted Entry
   3.   Professional Association
   4.   Ethical code of conduct
6. KTX Group is rolling out an initiative to help create wealth for its employees through the implementation of Employee Stock option. Through motivation and leadership the management will help individuals to develop team spirit, cooperation and commitment to the success of the group. The following importance of management is highlighted above:
   1.   Management helps in achieving personal objectives
   2.   Management helps in the development of society
   3.   Management creates a dynamic organization
   4.   Management increases efficiency
7. A manager obtains the required capital at 12% interest while the prevailing rate of interest in the market is 10%. How would you describe such a manager?
   1.   Efficient
   2.   Effective
   3.   Efficient and Effective
   4.   None of the above
8. The Topper group is looking to make a foray into manufacturing of semiconductors and it has set up a business to seize the business opportunity and add to its prospects in the long run. The company has already pivoted into a number of new projects like electronics, 5G network equipment, as well as semiconductors.Which economic objective of management does the business seek to fulfill?
   1.   Survival
   2.   Growth
   3.   Profit
   4.   Efficiency
9. Silico Ltd. has appointed the former Consulting executive of Shri Shakti Ltd. Mr. Narayan as its President. What will be his basic task?
   1.   To integrate diverse elements and coordinate activities of different
      departments.
   2.   To carry out plans formulated by top managers.
   3.   To oversee the efforts of the workforce.
   4.   Help to maintain quality of output.
10. Management ensures ________________.
    1.   Providing employment opportunities
    2.   Maintaining profit
    3.   Ensuring maximum utilization of resources
    4.   Control on cost
11. Which among the following is not an objective of management?
    1.   Earning profits
    2.   growth of the organization
    3.   providing employment
    4.   policy making
12. Identify the dimension of the characteristic of management- “it is multidimensional”, which specifies that the task of management is to make the strengths of human resources effective and their weaknesses irrelevant towards achieving the organisation's objectives.
    1.   Management of work
    2.   Management of people
    3.   Management of operations
    4.   Management of goals
13. At what level of management does the Chief Executive Officer operate?
    1.   Top-level
    2.   Middle-level
    3.   Lower-level
    4.   None of these
14. Setting Objective is a function of __________ .
    1.   Middle level management
    2.   Operational level management
    3.   Top level Management
    4.   None of the above
15. “A manager in a conscious manner has to ensure that even where members of a department willingly cooperate, coordination gives direction to the willing spirit.” The characteristic of coordination being highlighted above is :
    1.   Coordination is the responsibility of all managers.
    2.   Coordination is a deliberate function.
    3.   Coordination integrates group efforts.
    4.   Coordination is a continuous process
16. Which among the following is not a function of Management?
    1.   Planning
    2.   Controlling
    3.   Cooperating.
    4.   Staffing.
17. Under what function of management does the ‘corrective action’ fall?
    1.   Planning
    2.   Organizing
    3.   Directing
    4.   Controlling
18. “What distinguishes a successful manager from a less successful one is the ability to put the principles into practice.” Which aspect of the nature of management is highlighted in the above statement?
    1.   Management as a science
    2.   Management as an art
    3.   Management as a profession
    4.   Management is an intangible force.
19. Coordination is ____________
    1.   Function of management
    2.   an objective of management
    3.   The essence of management
    4.   none of the above
20. The process by which a manager integrates and synchronizes the activities of different department is called ______________ .
    1.   Management
    2.   Controlling
    3.   Planning
    4.   Coordination