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 commerce marketing mix meaning, nature, importance and scope of public relations public relations publicity and public relations

______ is the management function that establishes and maintains mutually beneficial relationships between an organization and the public on whom its success or failure depends.

  1. Advertising

  2. Marketing

  3. Public relations

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

The main task of public relations department is to disseminate information and build goodwill about the business. Public relations is the management function that establishes and maintains mutually beneficial relationships between an organization and the public on whom its success or failure depends.

Multiple choice commercial applications public relations meaning, nature, importance and scope of public relations publicity and public relations marketing mix

Under __________ approach, an employee is not appraised by his recognizable traits, but by his performance with respect to the agreed goals or objectives.

  1. Management by Object

  2. Management by Objectives

  3. Management by Observation

  4. Management by Objectification
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Under management by objectives approach, an employee is not appraised by his recognizable traits, but by his performance with respect to the agreed goals or objectives. In this method, employees should work towards achieving pre determined goal.

Multiple choice commercial applications public relations meaning, nature, importance and scope of public relations publicity and public relations marketing mix

Development process is taken for_________.

  1. Middle and lower level people

  2. Manager & executies

  3. Executives

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

Development process is taken for managers and executives. Development is an integral part of HR function. It helps to facilitate overall development. It helps to achive the organizational goal.

Multiple choice business organisation principles and techniques of management 21st century modern management features of management coordination and management in the twenty - first century

Which of the following is/are are true?

  1. Principles of general management are applicable to personnel management

  2. Personnel management considers that labour is a lifeful item

  3. Personnel management deals with the relations of personnel towards management

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
All the followings statements are true:
a) Principles of general management are applicable to personnel management
b) Personnel management considers that labour is a lifeful item
c) Personnel management deals with the relations of personnel towards management
Personnel management is a part of management process which develops and manages human elements of the enterprise. Personnel management can be defined as a phase of management which deals with the effective control and use of manpower or human resources.
Multiple choice business organisation principles and techniques of management 21st century modern management features of management coordination and management in the twenty - first century

For a long term success of the organization it should be seen that ________.

  1. management should define the group goals

  2. management should try to reduce in the cost

  3. management should deep in touch with the changing environment

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

Long-term organizational success requires a holistic approach, including goal setting, cost management, and adaptability to the external environment.

Multiple choice business organisation principles and techniques of management 21st century modern management features of management coordination and management in the twenty - first century

Management theory is universal for all the managers of all the organisations. This statement is _______.

  1. true

  2. false

  3. cannot say

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

Management theory is not strictly universal; it must be adapted to the specific culture, size, and goals of an organization. This is often referred to as the contingency approach.

Multiple choice business organisation principles and techniques of management 21st century modern management features of management coordination and management in the twenty - first century

The knowledge of theory of management helps to.

  1. Improve the research in management

  2. To increase efficiency

  3. To attains social goals

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

Management theory provides a framework that helps improve research, increase operational efficiency, and align organizational activities with broader social goals.

Multiple choice business organisation principles and techniques of management 21st century modern management features of management coordination and management in the twenty - first century

From rational point of view leadership is _________ for managerial person.

  1. an essential character

  2. decision making

  3. General function selected to prosperity

  4. Both a & b
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Leadership involves both the character to inspire others and the ability to make effective decisions, both of which are essential for managerial success.

Multiple choice business organisation principles and techniques of management 21st century modern management features of management coordination and management in the twenty - first century

The following different approaches to management thinking were developed in the first half of the $20^{th}$ century.

  1. Scientific management, general administrative, qualitative and organizational behaviour

  2. Scientific management, general administrative, quantitative and organizational behaviour

  3. General administrative, globalization organizational, behavior and quantitative

  4. System approach, scientific management, general administrative and organizational behavior
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The major management schools developed in the early 20th century include Scientific Management (Taylor), General Administrative (Fayol), Quantitative (Operations Research), and Organizational Behavior (Human Relations).

Multiple choice business organisation principles and techniques of management 21st century modern management features of management coordination and management in the twenty - first century

Personal management is more ________________.

  1. Administrative in nature

  2. Specific in nature

  3. Monitoring employees

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

Personal management involves administrative tasks, specific operational duties, and the monitoring of employee performance. Since all these components are integral to the function, 'All of the above' is the correct choice.

Multiple choice business organisation principles and techniques of management 21st century modern management features of management coordination and management in the twenty - first century

Essential of the directing function -
 I.    Issuing orders and instructions
II.    Guiding, counseling and teaching the  subordinates the proper way of doing the job.
III.  Supervising the work of subordinates to ensure  that their performance conforms to the plan.
iv.  Motivating the  subordinates to direct their  behaviour in a desired pattern.
v.  Maintaining descipline and rewarding effective  performance
Select the correct answer from the option given below:

  1. I, II & III

  2. I, II III & IV

  3. I, II & V

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

The directing function in management encompasses issuing orders, guiding and teaching subordinates, supervising performance, motivating behavior, and maintaining discipline. All five listed activities are essential components of effective direction.

Multiple choice business organisation principles and techniques of management 21st century modern management features of management coordination and management in the twenty - first century

A risk management system should mean that a company will:

  1. avoid all risks

  2. reject any attempt to categories risk

  3. consider the likelihood of risks materializing

  4. establish risk-avoiding control irrespective of their costs
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A risk management system should mean that a company will consider the likelihood of risks materializing. Risk management system deals with identifying and controlling threats to an organization's earnings.

Multiple choice business organisation principles and techniques of management 21st century modern management features of management coordination and management in the twenty - first century

When a manager is overburdened and faces the problems of control and coordination, it is a case of.

  1. Technical diseconomy.

  2. Technical economy.

  3. Managerial diseconomy.

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

Managerial diseconomies occur when a firm grows so large that it becomes difficult for management to coordinate and control operations effectively. This leads to inefficiencies due to the complexity of the organizational structure.