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

Administrative plans are

  1. long term plans

  2. medium term plans

  3. short term plans

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

Administrative plans are typically considered medium-term plans, sitting between long-term strategic plans and short-term operational plans.

Multiple choice

Strategic plans are

  1. long term plans

  2. short term plans

  3. tactical plans

  4. non tactical plans
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Strategic plans are high-level, long-term plans that define the overall direction and goals of an organization.

Multiple choice

Policies are

  1. strategic plans

  2. administrative plans

  3. operational plans

  4. short range plans
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Policies are broad guidelines that direct decision-making and are classified as strategic plans because they set the framework for the entire organization.

Multiple choice

Rules and methods are

  1. strategic plans

  2. administrative plans

  3. operational plans

  4. long term plans
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Rules and methods are specific, day-to-day instructions that fall under operational plans, as they dictate how tasks are performed.

Multiple choice

Administrative plans include

  1. rules, methods and procedures

  2. objectives, long-term plans and policies

  3. organisaton, motivation and managerial control

  4. all of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Administrative plans focus on the structural and managerial aspects of an organization, including organization, motivation, and control systems.

Multiple choice

Territorial plans are known as

  1. functional plans

  2. corporate plans

  3. geographic plans

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

Territorial plans are those organized by geographic area, hence they are commonly referred to as geographic plans.

Multiple choice

Planning premises are planning

  1. factors

  2. objectives

  3. assumptions

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

Planning premises are the anticipated environment or assumptions about the future in which plans are expected to operate.

Multiple choice

Operational planning is otherwise known as

  1. strategic planning

  2. specific planning

  3. long term planning

  4. tactical planning
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Operational planning is often referred to as tactical planning because it focuses on the specific actions required to achieve strategic goals.

Multiple choice

Which kinds of ratios are helpful for a manager for control and Management in a company?

  1. Current Ratio

  2. Quick Ratio

  3. Stock Turnover Ratio

  4. All Concern Ratio
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Right answer because all concern ratio help for management for analysis all financial position and it also help us to increase the management efficiency with the help of all concern ratio because all ratio define all parts Result  in a company and we can never do management with only one or Two ratio so that is the main reason that All Concern Ration  is right answer here.

Multiple choice

Steering committee

  1. sanctions budget to the EDP department

  2. is a forum for interaction between users and EDP personnel

  3. guides the EDP department what to do

  4. none of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A steering committee in an IT context is a group of senior management and stakeholders that provides strategic direction, prioritizes projects, and guides the EDP (Electronic Data Processing) department.