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

Staffing needs

  1. man power planning

  2. authority

  3. communication

  4. None of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Staffing is concerned with employing people for the various activities to be performed. The objective of staffing is to ensure that suitable people have been appointed for different positions.

Multiple choice

Management is an art because it involves use of

  1. Experience and intelligence

  2. Creativity and personalization

  3. Skills and knowhow

  4. None of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Management as an art is personalized in the sense that every manager has his own approach to problems and it is creative in the sense that it is the function of creating productive situations needed for further improvements.

Multiple choice

The operative function of a Human Resource Manager means

  1. Those tasks or duties which are specifically entrusted to the personnel department under the general supervision of personnel manager

  2. Those that are the basic functions of planning, organising, directing and controlling in relation to his department

  3. Human resource manager gives advice on human resource matters as he has specialised education & training in managing human relations.

  4. All of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The operative functions are those tasks or duties which are specifically entrusted to the personnel department under the general supervision of personnel manager. These are concerned with employment, development, compensation, integration and maintenance of personnel of the organization.

Multiple choice

Mathematical approach to management is closely related to

  1. Empirical approach of management

  2. Interpersonal behaviour approach of management

  3. Corporate approach of management

  4. Decision theory approach of management
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Operation researchers and analysts are of the opinion that if planning, decision-making, organizing, etc. conform to logical processes, then the same can easily and suitably be presented in mathematical symbols. The leaning of this school is heavily on expressing and interpreting the basic relationship of the problems in terms of determined goals. In a way, it is thus closely related to decision theory approach.

Multiple choice

Which one of the following methods is used frequently by an organization to decide its strategic goal?

  1. Group discussion

  2. Brain storming

  3. Interview

  4. None of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Strategic goals are business plans that identify and target internal goals, but provide only general guidance on how those plans can be attained. The purpose of a brainstorming session is to work as a group to define a problem, and find, through creative thinking, the best group decision for a plan of action to solve it. Therefore, by brain storming an organization is able to decide its strategic goal.

Multiple choice business organisation office management office circulars concept of office management introduction to office management record management and office equipment

______ is/are clue(s) which indicate(s) the need for systems analysis under office management.

  1. Describe Present System

  2. Decide on the Project for Study

  3. Analyse and Improve the Present System

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

Systems analysis involves describing the current system, selecting projects for study, and analyzing/improving the system; all are indicators of the need for such analysis.