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
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Technical and Service
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Resource and Proactive
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Reactive and Technical
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Proactive and Reactive
D
Correct answer
Explanation
Problem Management has two major processes: Reactive Problem Management (responding to problems after incidents occur, investigating root causes) and Proactive Problem Management (identifying and preventing problems before they cause incidents). This dual approach addresses both current issues and prevents future ones.
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Eliminating recurring Incidents
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Minimising the impact of Incidents that cannot be prevented
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Preventing Problems and resulting Incidents from happening
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Restoring normal service operation as quickly as possible andminimising adverse impact on the business
D
Correct answer
Explanation
Problem Management objectives include: eliminating recurring incidents, minimizing impact of unpreventable incidents, and preventing problems/incidents from happening. Option D ('Restoring normal service operation...') is actually the primary objective of INCIDENT Management, not Problem Management. Problem Management focuses on root cause analysis and prevention, not quick restoration.
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Unit Tesing
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Internal Quality Audit
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External Quality Audit
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Final Inspection
B
Correct answer
Explanation
Resolution tasks in software development are typically raised during quality audits where issues are identified and tracked. Internal quality audits systematically review code and processes to find problems needing resolution.
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Technical and Service
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Resource and Proactive
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Reactive and Technical
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Proactive and Reactive
D
Correct answer
Explanation
Problem Management consists of two complementary approaches. Proactive Problem Management aims to identify and prevent potential incidents before they occur, while Reactive Problem Management responds to incidents that have already happened to find their root causes.
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Eliminating recurring Incidents
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Minimising the impact of Incidents that cannot be prevented
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Preventing Problems and resulting Incidents from happening
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Restoring normal service operation as quickly as possible andminimising adverse impact on the business
D
Correct answer
Explanation
The option 'Restoring normal service operation as quickly as possible' is actually the primary objective of Incident Management, not Problem Management. Problem Management focuses on finding root causes and preventing recurrence, while Incident Management handles rapid restoration of service.
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Parts Material Control
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Supplier Delivery Performance
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Container Management
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All of them
D
Correct answer
Explanation
Material Supply Operations encompasses multiple core functions including Parts Material Control (inventory management), Supplier Delivery Performance (tracking supplier reliability), and Container Management (logistics packaging). All these are essential components of material supply operations.
D
Correct answer
Explanation
Management packs in SCOM contain Rules, Monitors, and Tasks as core components. An Agent is NOT part of the management pack itself - agents are the software installed on monitored computers that execute management pack content. The agent is separate infrastructure.
B
Correct answer
Explanation
A Monitor in Operations Manager is a management pack element that contains the logic to determine and set the health state of a monitored object. Unlike Rules which collect data and generate alerts without health state changes, Monitors specifically evaluate state and can change health status to Healthy, Warning, or Critical.
B
Correct answer
Explanation
In ENOVIA Matrix's policy model, each business object is governed by exactly ONE policy, not multiple. Policies define the lifecycle states, routes, and rules for an object type. A policy can cover many business objects, but the reverse relationship (one object to many policies) violates the fundamental Matrix architecture. This one-to-one relationship ensures consistent state management and prevents policy conflicts.
B
Correct answer
Explanation
In PLM policy systems, business objects are governed by a single policy to avoid conflicts and ensure deterministic behavior. A policy defines the lifecycle, access control, and business rules for an object type. Having multiple policies would create governance conflicts and ambiguity in object management.
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Monitoring
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Jobs
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Proetction
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Reporing
C
Correct answer
Explanation
The 'Protection' workspace in DPM Administrator Console is where you create, modify, and manage protection groups and their schedules. This is distinct from Monitoring (which shows job status) and Reporting (historical data). Note: Option C contains a typo but is still the correct answer.
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Explaining the objectives
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Selecting the personnel, allocating roles.
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Follow up
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Individual Meeting preparations
B
Correct answer
Explanation
The Planning phase of a formal review focuses on logistical preparation: defining review criteria, selecting appropriate team members based on expertise, allocating roles (moderator, author, reviewers, scribe), and scheduling the review meetings. Activities like explaining objectives, individual preparation, and follow-up occur in other phases (Kick-off, Preparation, and Rework/Follow-up respectively).
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Parameters
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Verbalizations
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Translations
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Conversions
B
Correct answer
Explanation
Verbalizations in BRMS are English-like statements that provide business-friendly descriptions of rule methods and parameters. They bridge the gap between technical rule implementations and business policy managers who need to understand and manage rules without reading code. Parameters are technical inputs, translations refer to language conversion, and conversions typically mean data type transformations.
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Client
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Team
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Manager
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None of the Above
B
Correct answer
Explanation
In Scrum, the team is self-organizing and cross-functional, meaning they decide internally how to accomplish work. The client provides requirements through the Product Owner, but doesn't direct task execution. Managers coordinate organizational needs but don't micromanage team problem-solving. This autonomy is core to Scrum's effectiveness.
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Tool Quality Management
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Test Quality Manager
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Total Quality Management
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Total Quality Manager
C
Correct answer
Explanation
TQM stands for Total Quality Management, a management approach focused on long-term success through customer satisfaction. It is not about tools, individuals, or testing.