Commerce Accountancy

Business and Project Management

1,146 Questions

Business and project management focus on organizational resources, strategic planning, and time management techniques used to achieve corporate objectives. It includes theories of administration and continuous improvement processes. Review these commerce and management questions to prepare for business administration sections in competitive exams.

Strategic managementTime managementOrganizational resourcesAdministration principles

Business and Project Management Questions

Multiple choice

Among the following which is not a function of staff agency?

  1. Target Achieving

  2. Consultation

  3. Advising

  4. Planning
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Staff agencies provide advisory, consulting, and planning support to line agencies. Target achievement is a line function - the responsibility of operating departments that implement policies and deliver services. Staff agencies advise, but don't directly achieve targets.

Multiple choice

The concrete operational stage is on the development stages is given by

  1. Bruner

  2. Piaget

  3. Freud

  4. Gagne
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Jean Piaget's theory of cognitive development identifies four stages: sensorimotor (0-2 years), pre-operational (2-7 years), concrete operational (7-11 years), and formal operational (11+ years). The concrete operational stage is characterized by logical thought about concrete objects and events. Bruner proposed modes of representation, Freud developed psychoanalytic theory, and Gagne studied instructional design.

Multiple choice

Value systems of an organisation have an impact on its

I. objectives II. policies III. practices IV. profit

  1. I and II only

  2. I, II and III only

  3. II, III and IV only

  4. I, II III and IV
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The principles of right and wrong that are accepted by an individual or organisation are what comprise a value system. The value system of the founders and those at the helm of affairs has important bearing on the choice of business, the mission and the objectives of the organisation, business policies and practices. These values guide the basic principles of business for a period of time which moulds an impression of positivism among people dealing with the business.

Multiple choice

‘‘What to achieve and by when’’ is explained by the _________ of an organisation.

  1. objectives

  2. mission

  3. strategy

  4. vision
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Objectives of a business explain "what is to be achieved and by when". Strategy explains "how these objectives are to be achieved". A vision statement describes the desired future position of a company. A mission statement defines a company’s business, its objectives and its approach to reach those objectives.

Multiple choice

Which of the following is a model of various decisions and actions that are undertaken while preparing, implementing and evaluating communication strategies and plans?

  1. AIDA

  2. SWOT

  3. MCPF

  4. ATR
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

MCPF (Marketing Communication Planning Framework) is the systematic model that guides decisions throughout the entire communication strategy cycle - from situation analysis and objective setting through implementation to evaluation and control.

Multiple choice

Which of the following is the function performed by a gatekeeper in a company's decision making unit?

  1. Supply information to guide evaluation of alternatives.

  2. Select a supplier and implement the procedures for securing the goods and services.

  3. Choose which goods and services will actually be bought.

  4. Control the information that all the members of the decision making unit will review.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Gatekeepers control information flow within a decision-making unit, filtering what information reaches other members. They might be secretaries, technical staff, or purchasing agents who screen vendors, limit access, or manage documentation. This differs from influencers (who provide guidance), buyers (who handle transactions), or deciders (who make final choices). Gatekeepers are the information bottleneck.

Multiple choice

Which of the levesl in Capability Maturity Model (CMM) is the one in which a company understands how each IT process is related to overall business strategies and goals of the corporation?

  1. Level 0

  2. Level 1

  3. Level 2

  4. Level 3

  5. Level 5
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

This level in Capability Maturity Model (CMM) is the one in which a company understands how each IT process is related to the overall business strategies, and goals of the corporation.

Multiple choice

Which of the following activities performed by management develops the strategy for deciding the goals of the organisation and planning resources to be used in order to attain those goals?

  1. Management control

  2. Strategic planning

  3. Operation control

  4. Electronic communication

  5. Source code analysis
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The activities performed by management develops the strategy for deciding the goals of the organisation and planning resources to be used in order to attain those goals.

Multiple choice

In which of the following features of the control system, the system should recognise the critical success factors and have controls instituted on the critical success factors?

  1. Performance standard

  2. Accurately and timely

  3. Scalable

  4. Efficient

  5. Strategic control
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

In this feature of the control system, the system should recognise the critical success factors and have controls institute on the critical success factors.