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

Event management skills of office manager include which of the following?

  1. Ability to solve problem

  2. Plan and organise events

  3. Networking with key persons

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

Effective event management requires a combination of problem-solving, planning, organization, and networking skills.

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

Identify the fist step in office management.

  1. Get organised

  2. Talk to the team

  3. Determine the requirement of improvement

  4. Outline the goals
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Before any organizational task can begin, one must define the purpose and direction. Outlining goals provides the foundation for all subsequent management activities.

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

Failures or shortcomings in procedures and methods will often come to light in the process of carrying on operations. This can be managed by which of the following?

  1. Describing Present System

  2. Maintaining and Auditing the System

  3. Analyzing and Improve the Present System

  4. Deciding on the Project for Study
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Maintaining and auditing systems ensures that procedures are followed correctly and that any deviations or failures are identified and corrected promptly.

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

Modern managers are _____.

  1. action oriented

  2. able to build a sense of shared values

  3. able to manage change efficiently

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

Modern management requires a multifaceted approach, including being proactive, fostering a positive culture, and adapting to constant changes in the business environment.

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

Office manager is responsible for reporting to the top management about the activities and performances of his office staff. Identify the type of duty from the following.

  1. Duty towards his subordinates

  2. Duty towards administration

  3. Duty towards office operation

  4. Duty towards other departments
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Reporting to top management is a key responsibility that falls under the manager's duty toward the administration, as they act as a bridge between staff and leadership.

Multiple choice business organisation management - process or functions, managerial role and levels levels of management management - process and levels functions and levels of management

Administration mainly require(s) which of the following skill(s)?

  1. Art of getting things done

  2. Technical and Human skills

  3. Conceptual and Human skills

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

Administration mainly requires conceptual and human skills since administration includes the process of taking decisions by which all the activities are carried out in an organization. It requires conceptual and human skills to carry out activities in the organization in an efficient manner.

Multiple choice business organisation management - process or functions, managerial role and levels levels of management management - process and levels functions and levels of management

Which of the following is/are true about management?

  1. The management decisions are influenced by the values, opinions, beliefs & decisions of the managers.

  2. It is mainly applicable to non-business concerns i.e. clubs, schools, hospitals etc.

  3. It is influenced by public opinion, govt. policies, religious organizations, customs etc.

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

The management decisions are influenced by the values, opinions, beliefs & decisions of the managers- this statement is true. The plans and policies are usually get formulated by the managers and hence the management decisions get influenced by the values, opinions, beliefs and decisions of the managers.

Multiple choice business organisation management - process or functions, managerial role and levels levels of management management - process and levels functions and levels of management

Administration is a decisive function, while management is an executive function.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Administration is a decisive function, while management is an executive function- this is a true statement. Administration is concerned with policy making, whereas management with policy implementation.  Functions of administration are legislative and largely decisive, while that of the management are executive and governing.

Multiple choice business organisation management - process or functions, managerial role and levels levels of management management - process and levels functions and levels of management

Which of the following is an example of operative function of HR managers?

  1. Planning

  2. Organizing

  3. Procurement

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

Procurement is an example of operative function of HR managers since the operative function are those tasks or duties which are specifically entrusted to the personal department under the general supervision of personal manager.

Multiple choice business organisation management - process or functions, managerial role and levels levels of management management - process and levels functions and levels of management

Which of the following function of management involves communicating and providing leadership to the subordinates and motivating them to contribute to the best of their capability for the achievement of organizational objectives?

  1. Leadership

  2. Supervision

  3. Directing

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

Directing function of management involves communicating and providing leadership to the subordinates and motivating them to contribute to the best of their capability for the achievement of organizational objectives.Directing function of management starts issuing orders and instructions to subordinates and ends with getting things done by satisfaction of various need of subordinates.

Multiple choice business organisation and correspondence company secretary managers of the company secretary joint stock company 5 - direction and management

Generally, _________ is responsible for complying procedural formalities relating to corporate restructuring in a company.

  1. finance department

  2. marketing manager

  3. Company Secretary

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

The Company Secretary is the officer responsible for ensuring that a company complies with all relevant laws, regulations, and procedural formalities, including those related to corporate restructuring.

Multiple choice social science the government budget and taxation family budget prices and cost of living economic sources

Budgetary control helps the management in __________.

  1. Obtaining bank credit

  2. Issue of shares

  3. Getting grants from government

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

Budgetary control is the process of determining various actual results with budgeted figures for the enterprise for the future period and standards set then comparing the budgeted figures with the actual performance for calculating variances, if any. A budget is a means and budgetary control is the end-result. Budgetary control system enables the management to conduct business in the most efficient manner. Budgeting also aids in obtaining bank credit, as the main work of banks is to provide funds for business projects.

Multiple choice social science the government budget and taxation family budget prices and cost of living economic sources

Budgetary control system defines the objectives and policies of the _________.

  1. production department

  2. finance department

  3. marketing department

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

The main objectives of budgetary control are given below:

1. Defining the objectives of the enterprise.

2. Providing plans for achieving the objectives so defined.

3. Coordinating the activities of various departments.

4. Operating various departments and cost centres economically and efficiently.

:5. Increasing the profitability by eliminating waste.

6. Centralizing the control system.

7. Correcting variances from sit standards.

8. Fixing the responsibility of various individuals in the enterprise.

 

Multiple choice social science the government budget and taxation family budget prices and cost of living economic sources

Budgetary control system acts as a friend, philosopher and guide to the _________.

  1. management

  2. share holders

  3. creditors

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

A budget is a detailed plain of operations for some specific future period. It is an estimate prepared in advance of the period to which it applies. It acts as a business barometer as it is complete programmed of activities of the business for the period covered
Besides' budgetary control' refers to a system of management and accounting control by which all operations and output are forecast as far as ahead  as possible and the actual results, when known are compared with the budget estimates. Thus the term budgetary control  is designed to evaluate the performance in terms of goals budgeted.

Multiple choice social studies precautions for natural disasters tsunami and floods natural disasters and hazards monsoon phenomena and its mechanism major hazards in india and prevention hazards disasters - case studies man made disaster

What are the three phases of disaster management planning?

  1. Preparation, Planning and Perception

  2. Evacuating, Rebuilding and Re-branding

  3. Planning, Evacuating and Recovery

  4. Preparation, Response and Recovery
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The three phases of disaster management include:

  1. Preparedness 
  2. Response 
  3. Recovery