InterviewSolution
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InterviewSolution
This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 101. |
At which level of management, the managers are responsible for the welfare and survival of the organisation? |
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Answer» Top level management Top-level managers. The board of directors, president, vice-president, and CEO are all examples of top-level managers. These managers are responsible for controlling and overseeing the entire organization. They develop goals, strategic plans, company policies, and make decisions on the direction of the business. |
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| 102. |
Name the level of management which is a team consisting of managers from different functional levels, heading finance, marketing, etc, for example, chief finance officer, vice president (marketing). |
| Answer» Top level management | |
| 103. |
Aman, Ahmad and Ally are partners in a firm engaged in the distribution of dairy products in Maharashtra state. Aman is a holder of Senior Secondary School Certificate from Central Board of Secondary Education with Business studies as one of his elective subjects. Ahmad had done his post graduation in History and Ally in dairy farming. One day there was a serious discussion between Ahmad and Ally reagarding the nature of management. Ahmad argued that management was a profession whereas Ally argued against it saying that the legal and medical professions are the only professions because they fulfil all the conditions of a profession. Aman on th basis of his knowledge of business studies explained the nature of management as a profession to Ahmad and Ally. Explain, how Aman would have satisfied both Ahmad and Ally. |
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Answer» Aman would have satisfied both Ahmed and Ally by explaining the following features of management as a profession: (give explanation of these points.) (i) Well-defined body of knowledge (ii) Restricted Entry (iii) Professional Association (iv) Ethical code of conduct (v) Service motive Through the above discussion Aman would have been able to satisfy both Ahmed and Ally by making them understand that management is a profession but not a full fledged or a true profession. |
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| 104. |
Name the levels of management engaged in: (i) Introducing a new product line and deciding the capital structure of the company. (ii) Recruitment of casual labourers. (iii) Devise a suitable advertising campaign to sell a new product/service a company is launching. |
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Answer» (i) Top level management (ii) Supervisory or Operational management (iii) Middle level management |
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| 105. |
Name the level of management engaged in: (i) overseeing and supervising workers. (ii) maintaining liaisons with outsiders. |
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Answer» (i) overseeing and supervising workers-Supervisory level of management:It includes planning, organizing, directing, and controlling the work and the activities of subordinates or employees—the so-called four functions of management. Supervisors are defined as members of management; therefore, they must perform these four general functions. (ii) maintaining liaisons with outsiders-Top level of management:The board of directors, president, vice-president, and CEO are all examples of top-level managers. These managers are responsible for controlling and overseeing the entire organization. They develop goals, strategic plans, company policies, and make decisions on the direction of the business. |
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| 106. |
Forex Ltd. Is a private limited company with several branches all over India. It promotes the sales of Indian handloom and handicraft products while providing equitable employment to traditional artisans. Mr. Brijesh, a baranch manager of the company plans his winter collection in the month of June itself. He has to ensure that there is adequate workforce and continuously monitor whether production is processding according to plans. He also provides direction and motivation to his employees. The purchase, production and sales departmental efforts are coordinated by Mr. Brijesh for achieving organisational objectives harmoniously. The production and the sales departments coordinate their work, so that production takes place according to the demand in the market. The purchase department is responsible for procuring material. This then becomes the basis of the activities of the production department and finally sales can take place. (a) Identify any three functions of management performed by Mr. Brijesh in Forex Ltd. by quoting lines from the above case. (b) Identify and explain any two features of coordination discussed in the above case. |
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Answer» (a) The functions of management performed by Mr. Brijesh in Forex Ltd. Are: (any three) (i) Planning - "plans his winter collection in the month of June itself." (ii) Staffing - ".....ensure that there is adequate workforce" (iii) Controlling - "....continuously monitorwhether production is proceeding according to plan." (iv) Dircting - ".....provides direction and motivation to his employees." (b) The features of coordination discussed in the given case are: (any two with explanation) (i) Coordination is a continuous process. "....plans his winter collection... ensure that there is adequate workforce and continously monitor whether production is proceeding according to plans." (ii) Coordination is an all pervasive function. "The purchase, production and sales departmental efforts are coordinated by Mr. Brijesh for achieving organisational objectives harmoniously." (iii) Coordination ensures unity of action. ".....The production and the sales departments coordinate their work, so that production takes place according to the demand in the market." |
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| 107. |
Which of the following highlights the importance of coordination?A. Growth in sizeB. Functional differentiationC. SpecialisationD. All of these |
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Answer» Correct Answer - D Coordination helps to minimize the conflicts, rivalries, wastages, delays and other organizational problems. It ensures smooth working of the organization. Therefore, with the help of coordination an organization can achieve its objectives easily and quickly. |
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| 108. |
What is meant by management of people? |
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Answer» It refers to management of human resources, which are the most important assets for an organisation. It implies two things (i) Dealing with employees as individuals with diverse needs and behaviour. (ii) Dealing with individuals as a group of people. |
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| 109. |
"Lack of proper management results in wastage of time, money and efforts. In the light of this statement, explain any four points of importance of management. |
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Answer» (a) Management helps in achieving group goals: Management is required not for itself but for achieving the goals of an organisation. The task of a manager is to give a common direction to the individual effort in achieving the overall goal of an organisation. (b) Management increases efficiency: The aim of a manager is to reduce costs and increase productivity through better planning, organising, directing, staffing and controlling the activities of an organisation. (c) Management creates a dynamic organisation: All organisations have to function in an environment which is constantly changing. It is generally seen that individuals in an organisation resist change. Management helps people adapt to these changes so that the organisation is able to maintain its competitive edge. (d) Management helps in achieving personal objectives: A manager motivates and leads his team in such a manner that individual members are able to achieve personal goals while contributing to the overall organisational objective. Through motivation and leadership, management helps individuals to develop team spirit, co-operation and commitment to the group success |
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| 110. |
What is meant by management of work? |
| Answer» It is concerned with performance of various activities/tasks in an organisation e.g. Manufacturing a product in a factory, treating patients in a hospital, etc | |
| 111. |
A carpenter, making furniture out of wood and goldsmith, shaping gold into ornaments. This can be done only by practising and implementing applications. Similarly, manager is also implementing and practising the art of management. Do you agree? Give reasons in support of your answer |
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Answer» Management is the process of designing and maintaining an environment in which individuals, working together in groups, efficiently achieve selected aims It is true that management is an art because of the following reasons: (i) It has a systematised body of knowledge consisting of principles, concepts and vocabulary which forms the basis of the art (ii) The practice of management principles differs from individual to individual, giving rise to different styles of management. (iii) Management involves practice and creativity for finding solutions to complex managerial problems |
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| 112. |
In the absence of management, the productive resources will remain resources In the light of this statement, explain the significance of management. |
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Answer» Importance of management for every business organization are: 1.Achieving Group Goals:The management tries to integrate the objectives of the individuals along with the organizational goal. It directs the efforts of all individuals in the general direction of achieving the organizational goal. 2.Increases Efficiency:Managers try to reduce costs and improve productivity with minimal waste of resources. Emphasizes efficiency and effectiveness in the work through management planning, organizing, staffing, direction, and control. 3.Creates a Dynamic Organisation:Organizations have to survive in a dynamic environment so managers keep making changes in the organization to match the environmental changes. 4.Achieving Personal Objectives:A skilled manager is one who brings maximum prosperity to the employer as well as to the employees. The manager leads the people in such a way that the organizational goal, as well as the individual goals of the employees, is also achieved. 5.Development of the Society:Efficient management always has multiple objectives, they give due importance to social obligations, towards different groups of people such as employees, customers, suppliers etc. It insists on providing quality goods, Helps in competitive salary, creates employment opportunity etc. |
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| 113. |
Name the function of management, which coordinates the physical, financial and human resources and establishes productive relations for the achievement of specific goals |
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Answer» Organising Organising is the process of identifying and grouping the work to be performed, defining and delegating responsibility and authority and establishing relationships for the purpose of enabling people to work most effectively together in accomplishing objectives. |
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| 114. |
Foremen and Supervisors comprise _______ .A. Top level of managementB. Middle level of managementC. Operational managementD. None of these |
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Answer» Correct Answer - (c) Operational management Supervisory or Operational Management Foremen and supervisors comprise the lower level in the hierarchy of the organisation. Supervisors directly oversee the efforts of the workforce. They interact with the actual work force and pass on instructions of the middle management to the workers |
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| 115. |
Coordination isA. function of managementB. the essence of managementC. an objective of managementD. None of the above |
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Answer» Correct Answer - B Coordination is the orderly synchronization of the efforts by unifying, integrating and harmonizing the activities of the subordinates for the achievement of the goals of the organization. |
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| 116. |
Policy formulation is the function ofA. top level managersB. middle level managersC. operational managementD. All of the above |
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Answer» Correct Answer - A Policy formulation is the function of the top level managers. They are the ones, responsible for developing the policies and goals for the organization |
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| 117. |
Successful organisations do not achieve their goals by chance but by following a deliberate process. Identify it and explain its importance by giving any five points. |
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Answer» (i) Management helps in achievinggroup goal ls : (ii) Management increases efficiency: (iii) Management creates a dynamicorganisation: (iv) Management helps in achievingpersonal objectives: (v) Management helps in thedevelopment of society: |
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| 118. |
Management of Alpha Ltd. Has installed a special recycling plant to recycle the waste instead of dumping the waste in ground. It is also providing employment opportunities to local resident. Company started a school nearby for the children of their employees. Identify the objective of management the company is fulfilling. |
| Answer» Social objectives of management | |
| 119. |
Why is management concerned with the efficient use of resources? |
| Answer» Management concerned with the efficient use of resources because when management uses resources efficiently, they are able to maximize production, the use of the workforce, and profits. Inefficiency leads to increased costs. It may also lead to a misuse of the workforce, which could create problems. ... Management must also be effective when dealing with its customers. | |
| 120. |
Define management. |
| Answer» “Management is defined as the process of planning, organising, actuating and controllingan organisation’s operations in order to achieve coordination of the human and materialresources essential in the effective and efficient attainment of objectives.” | |
| 121. |
Rohan and Rahul were batchmates who cleared their MBA from Institute of Management, Ahmedabad in 2012. After passing out, Rohan joined an NGO and started working for the welfare of widows and orphAns On the contrary, Rahul joined a huge business organisation working with profit motive. While both of them were engaged in different activities, yet they performed similar functions of planning, organising, directing and controlling. They made a conscious effort to coordinate the activities of different departments and build a team spirit among subordinates Their managerial skills resulted in achieving targets, happy and satisfied employees and orderliness in their organisations. On the basis of the understanding of the above cose, identify any three features of management and explain them |
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Answer» The three features of management reflected in this case are (i) Pervasive (ii) Continuous Process (iii) Group Activity |
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| 122. |
What is the parameter to determine effectiveness? |
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Answer» Parameters that you can use to measure the effectiveness : The Level of Customer Satisfaction More than 44% of the respondents stated that they measured the success of agile processes by examining the level of customer satisfaction. They would analyze it by referring to the volume of calls made by users to the company’s support team. They would look at sales figures as well in addition to the rate at which people are using the product. |
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