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 technology
  1. Technical and Service

  2. Resource and Proactive

  3. Reactive and Technical

  4. Proactive and Reactive

Reveal answer Fill a bubble to check yourself
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.

Multiple choice technology
  1. Eliminating recurring Incidents

  2. Minimising the impact of Incidents that cannot be prevented

  3. Preventing Problems and resulting Incidents from happening

  4. Restoring normal service operation as quickly as possible andminimising adverse impact on the business

Reveal answer Fill a bubble to check yourself
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.

Multiple choice technology databases
  1. Unit Tesing

  2. Internal Quality Audit

  3. External Quality Audit

  4. Final Inspection

Reveal answer Fill a bubble to check yourself
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.

Multiple choice technology
  1. Technical and Service

  2. Resource and Proactive

  3. Reactive and Technical

  4. Proactive and Reactive

Reveal answer Fill a bubble to check yourself
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.

Multiple choice technology
  1. Eliminating recurring Incidents

  2. Minimising the impact of Incidents that cannot be prevented

  3. Preventing Problems and resulting Incidents from happening

  4. Restoring normal service operation as quickly as possible andminimising adverse impact on the business

Reveal answer Fill a bubble to check yourself
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.

Multiple choice technology mainframe
  1. Parts Material Control

  2. Supplier Delivery Performance

  3. Container Management

  4. All of them

Reveal answer Fill a bubble to check yourself
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.

Multiple choice technology
  1. Rule

  2. Monitor

  3. Tasks

  4. Agent

Reveal answer Fill a bubble to check yourself
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.

Multiple choice technology
  1. Rule

  2. Monitor

  3. Task

  4. View

Reveal answer Fill a bubble to check yourself
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.

Multiple choice technology platforms and products
  1. True

  2. False

Reveal answer Fill a bubble to check yourself
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.

Multiple choice technology platforms and products
  1. True

  2. False

Reveal answer Fill a bubble to check yourself
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.

Multiple choice technology
  1. Monitoring

  2. Jobs

  3. Proetction

  4. Reporing

Reveal answer Fill a bubble to check yourself
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.

Multiple choice technology testing
  1. Explaining the objectives

  2. Selecting the personnel, allocating roles.

  3. Follow up

  4. Individual Meeting preparations

Reveal answer Fill a bubble to check yourself
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).

Multiple choice technology packaged enterprise solutions
  1. Parameters

  2. Verbalizations

  3. Translations

  4. Conversions

Reveal answer Fill a bubble to check yourself
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.

Multiple choice technology
  1. Client

  2. Team

  3. Manager

  4. None of the Above

Reveal answer Fill a bubble to check yourself
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.

Multiple choice technology testing
  1. Tool Quality Management

  2. Test Quality Manager

  3. Total Quality Management

  4. Total Quality Manager

Reveal answer Fill a bubble to check yourself
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.