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 management - process or functions, managerial role and levels functional areas of management levels and functions of management management functions

Organizing as a function of management involves __________________.

  1. Determination of activities of the enterprise keeping in view its objectives.

  2. Laying down of suitable selection and placement procedures.

  3. Guiding, counselling and instructing the subordinates about the proper way of doing the job.

  4. Measurement of actual performance against the standard and recording deviations.

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Organizing as a function of management involves determination of activities of the enterprise keeping in view its objectives. Organizing is concerned with both the "orderly" assemblage of human and material resources as well as the process of development of a structure of formally identified and distinguished tasks, roles and relationships that may be attributable to the various members so that they may effectively work as a group. Organizing results in creation of an organizational structure which shapes the system of working.

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

________, defines "Personnel Management is the planning, organization, directing and controlling of the procurement, development, resources to the end that individual and societal objectives are accomplished".

  1. Edwin B. Flippo

  2. French Wendell

  3. Institute of Personnel Management

  4. IIPM(Calcutta)

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Edwin B Flippo, defines "Personnel Management is the planning, organization, directing and controlling of the procurement, development, resources to the end that individual and societal objectives are accomplished". Personnel management can be also defined as a phase of management which deals with the effective control and use of manpower or human resources.

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

Which of the following function of management starts issuing orders and instructions to subordinates and ends with getting things done by satisfaction of various need of subordinates? 

  1. Motivation

  2. Directing

  3. Forecasting

  4. Staffing

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Directing function of management starts issuing orders and instructions to subordinates and ends with getting things done by satisfaction of various need of subordinates. Directing function of management is concerned with instructing, guiding, inspiring and motivating the employees in the organization so that their efforts result in achievement of organizational goal..

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

Answer the following question.
Which of the following is not a function of management?

  1. Planning

  2. Staffing

  3. Co-operating

  4. Controlling

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Cooperating is not a function of management.  


Among the given options option (c) cooperating is the correct answer.  
There are Five functions of a management which are as follows :  

(a) planning

(b) organising

(c) staffing

(d) Directing

(e) controlling

Coordination is needed to perform all these five  functions of a management


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

It is NOT UNCOMMON that  ______ is not sufficient for management.

  1. planning

  2. organizing

  3. staffing

  4. all of the above

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Management is a dynamic process of getting things done by others with the aim of achieving common goals effectively and efficiently. For management to implement smoothly in an organisation, all the functions starting from planning to organizing then staffing  to directing and ending up with controlling is esstential. 

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

Administration is concerned with ________.

  1. planning

  2. controlling

  3. organizing

  4. both A & C

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

According to Theo Haimann, “Administration means overall determination of policies, setting of major objectives, the identification of general purposes and laying down of broad programmes and projects”.

Administration is concerned with formulation of objectives, planning and organizing the activities of an organisation.

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

Management is ________.

  1. Planning

  2. Organizing

  3. Direction

  4. All the Above

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
  •  Management consists of the interlocking functions of creating corporate policy and organizing, planning, controlling, and directing an organization's resources in order to achieve the objectives of that policy.
  • Management as a multidimensional activity includes process of planning, organising, and directing.
Multiple choice business organisation management - process or functions, managerial role and levels functional areas of management levels and functions of management management functions

Who reports to who is an integral part of the controlling function of management?

  1. False

  2. True

  3. Not known

  4. Irrelevant

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Controlling is a managerial functions where the actual performance of a company is compared with the planned one and deviations are recorded there upon. After which corrective actions are taken in order to match the actual performance with  the planned one. Therefore, who reports to whom is not a part of control mechanism. 

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

________ distinguishes a managerial position from a non managerial one.

  1. Manipulating others

  2. Concern for the law

  3. Increasing efficiency

  4. Coordination and integrating others work

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Concern for law basically emphasizes on the requirement of the qualifications for a managerial position in an organisation whereas the non requirement of qualifications for some other position in the organization. 

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

The behavioural approach to management focused on __________.

  1. planning

  2. organizing

  3. leading

  4. controlling

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Organizing refers to identifying and grouping different activities in the organization and bringing together the physical, financial and human resources to establish the most productive relations for the achievement of specific goals. Organizing defines the job network in an organisation where superior-subordinate relationship is very well defined. Therefore, it is also known as behavioral approach to management.  

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

Newmann and Summer classified managing process as ________.

  1. organizing

  2. planning

  3. staffing

  4. both a & b

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Newmann and Summer identified planning and organizing as key components of the management process in their classic management literature.

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

Invariably to have good human relations a manager should _________.

  1. promote & do self appraisal

  2. direct change and control

  3. understand the psychology of individual

  4. all of the above

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Good human relations in management require a holistic approach, including self-awareness, understanding individual psychology, and effective direction and control of team dynamics.

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

______ is the process of using the resources and personnel of an organization in an orderly way to achieve the objective and long term goals of the organization.

  1. Planning

  2. Organizing

  3. Leading

  4. Controlling

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Organizing is the management process of arranging resources, personnel, and tasks in a structured way to ensure the efficient achievement of organizational objectives.

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

Which of the following functions or activities requires recruiting and placing qualified personal needed for the organization so that it may achieve its objective and goals?

  1. Planning

  2. Staffing

  3. Organizing

  4. Controlling

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Staffing is the specific management function concerned with the recruitment, selection, and placement of the right personnel to fill organizational roles.

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

Organizations that are well managed ___________________.

  1. Choose the best suppliers for their products

  2. Complete on an international basis because they have the best products

  3. Always have the lowest-cost products

  4. Develop a loyal customer base, grow and prosper

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Well-managed organizations are characterized by their ability to adapt, build strong customer relationships, and achieve sustainable growth and prosperity over time.