Tag: organisation of commerce and management

Quizzes (188) Questions (1057)

Questions Related to organisation of commerce and management

Multiple choice organisation of commerce and management leadership leadership theories directing commerce

Opportunity costs are also known as ____________.

  1. Spillover costs

  2. Money costs

  3. Alternative costs

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

Opportunity cost represents the benefits an individual, investor, or business misses out on when choosing one alternative over another. Because it represents the cost of the foregone alternative, it is also referred to as alternative cost.

Multiple choice organisation of commerce and management leadership leadership theories directing commerce

The extent to which a leader is likely to define and structure his roles and roles of subordinates is known as ___________.

  1. Consideration

  2. Initiating structure

  3. Employee-oriented

  4. Production-oriented
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Initiating structure is a key dimension identified in the Ohio State leadership studies. It refers to the degree to which a leader defines and structures their own role and those of their subordinates to facilitate goal achievement.

Multiple choice organisation of commerce and management leadership leadership theories directing commerce

Production-oriented leaders are associated with _____________.

  1. higher group productivity and lower job satisfactiom

  2. higher group productivity and higher job satisfaction

  3. low group productivity and lower job satisfaction

  4. lower group productivity and higher job satisfaction
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

According to the University of Michigan studies, production-oriented leaders focus primarily on the technical aspects of the job and treat group members as a means to an end. This approach was found to be associated with lower group productivity and lower job satisfaction among employees.

Multiple choice organisation of commerce and management leadership leadership theories directing commerce

According to Michigan group, which is a dimension of leadership behaviour?

  1. Consideration

  2. Initiating structure

  3. Employee-oriented

  4. None of those
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The University of Michigan studies identified two main dimensions of leadership behavior: employee-oriented and production-oriented. In contrast, consideration and initiating structure were the dimensions identified by the Ohio State University studies.

Multiple choice organisation of commerce and management leadership leadership theories directing commerce

A leader who is capable of having profound and extraordinary effect on his or her followers, is known as ___________.

  1. Transactional leader

  2. Transformational leader

  3. Charismatic leader

  4. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A charismatic leader is defined by their ability to inspire, motivate, and have a profound, extraordinary effect on followers through their personal qualities and vision. While transformational leaders also inspire change, the specific emphasis on an extraordinary personal effect is the hallmark of charisma.

Multiple choice organisation of commerce and management leadership leadership theories directing commerce

Which contingency theory focuses on leader's readiness?

  1. Cognitive Resource Theory

  2. Fiedler Contingency Model

  3. Path-goal Theory

  4. Situational Leadership Theory
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Hersey and Blanchard's Situational Leadership Theory (SLT) focuses on the 'readiness' of the followers, which is defined as the extent to which people have the ability and willingness to accomplish a specific task. The question contains a minor typo using 'leader's' instead of 'follower's' readiness.

Multiple choice organisation of commerce and management leadership leadership theories directing commerce

The ability to create and articulate a realistic, credible, attractive vision of the future for an organisation, is termed as ____________.

  1. Transactional leaders

  2. Transformational leaders

  3. Charismatic leaders

  4. Visionary leadership
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Visionary leadership is specifically defined as the ability to create and articulate a realistic, credible, and attractive vision of the future that grows out of and improves upon the present. This differs from charismatic or transformational leadership, which are broader styles of interaction and influence.

Multiple choice organisation of commerce and management leadership leadership theories directing commerce

Who proposed Leader Participation Model?

  1. Fred Fiedler and Joe Garcia

  2. Paul Hersey and Ken Blanchard

  3. Victor Vroom and Philip Yetton

  4. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Leader-Participation Model, which relates leadership behavior and participation to decision-making, was developed by Victor Vroom and Philip Yetton in 1973. It provides a sequential set of rules to determine the form and amount of participative decision-making in different situations.

Multiple choice organisation of commerce and management leadership leadership theories directing commerce

Who proposed Situational Leadership Theory?

  1. Paul Hersey

  2. Ken Blanchard

  3. Both (a) and (b)

  4. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Situational Leadership Theory (SLT) was jointly developed by Paul Hersey and Ken Blanchard. It is a contingency theory that focuses on followers' readiness and suggests that leaders should adapt their style (delegating, participating, selling, or telling) accordingly.