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

Management is a

  1. behavioural science

  2. exact science

  3. physical science

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

Management is a behavioural science. The management has to deal  with people  at every stage and it is very difficult to predict accuratly the behaviour of people. Since it has to deal with the behaviour of human beings, it is behavioural science.

Multiple choice

Which is factor of organisation's Policy?

  1. Accounting Policy

  2. Production and Purchasing Policy

  3. Research and Development

  4. All of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

An organization's policy covers various functional areas, including accounting, production, purchasing, and research and development. Therefore, all these are valid factors of organizational policy.

Multiple choice

Which of the following is not a step in the Organization planning?

i) Determine the Objectives ii) Analyse the existing oprganisation iii) Formulate long-range target organization iv) Determine the method of change v) Prepare the phase plans vi) Implement the plan

  1. Only (iii)

  2. Only (v)

  3. Both (iii) and (v)

  4. None of these

  5. All the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The steps listed (i through vi) are all standard components of organizational planning. Since none of these steps are incorrect, 'None of these' is the correct choice to indicate that all listed items are indeed steps.

Multiple choice

Which of the following is not true about strategic HRM?

  1. It focuses on result.

  2. It is a reactive approach.

  3. Its major function is development of both people and organisation.

  4. Responsibility is on both line managers and HR specialist.

  5. Significant ion formulation and implementation of Hr strategy.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

It is a proactive approach.

Multiple choice

Which one of the following is not a Management Technique?

  1. M.I.S.

  2. P.E.R.T.

  3. C.P.M.

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

Management Information Systems (M.I.S.) is a system for processing data, whereas P.E.R.T., C.P.M., and Operations Research are specific analytical management techniques.

Multiple choice

Directions: Choose the correct option for the given question.

Which of the following is not a principle of business organization?

  1. Principle of objective

  2. Principle of efficiency

  3. Principle of division of labour

  4. Principle of profit
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Principles of business organization focus on structure, efficiency, and objectives. Profit is an outcome or goal of a business, not a fundamental principle of organizational structure or management theory.

Multiple choice

An Inventory Management Program assists in

  1. planning of inventory

  2. purchasing of inventory

  3. distribution of inventory

  4. all of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Inventory management software is comprehensive, covering the entire lifecycle of stock including planning, procurement, storage, and distribution.

Multiple choice

Business Management Planning is

  1. looking ahead

  2. guiding people

  3. delegation of authority

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

Planning involves mapping out exactly how to achieve a particular goal. These necessary steps are developed into a plan. When the plan is in place, the manager can follow it to accomplish the goal of improving company sales. It has relation with Implementation and controls. Plans do not always proceed as conceived. Planning is looking ahead is true because it contributes heavily to success and gives us some control over the future. Thus, it is said that planning is looking ahead as it involves predicting the future.