Tag: organisation of commerce and management

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Questions Related to organisation of commerce and management

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

_________state that "leadership is influencing people to follow in the achievement of a specialized goal".

  1. Koontz and O'Donnell

  2. Gray Desslor

  3. George R. terry

  4. Lewin, Lippitt & white
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Koontz and O'Donnell state that " leadership is influencing people to  follow in the achievement of a specialized goal". Leadership can be defined as a process of influencing the behaviour of people at work towards the realization of specific goal. The influence under leadership is always for the achievement of common goal.

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

Match List I with List II and select the correct answer using the codes given:

List I List II
A. Ohio State University Study 1. Production centered and employee centered
B. University of Michigan study 2. Consideration and initiating structure
C. Likert's System Four 3. Country club, team manager. impoverished, task manager
D. Fiedler's Leadership Model 4. Exploitative authoritative, benevolent authoritative, consultative, participative
5. Leader-member relations, task structure, position power

  1. A - 1, B - 2, C - 4, D - 5

  2. A - 2, B - 1, C - 3, D - 4

  3. A - 2, B - 1, C - 4, D - 5

  4. A - 5, B - 2, C - 3, D - 4
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation
List 1  List 2
 Ohio State University Study  Production centered and employee centered
 University of Michigan study  Consideration and initiating structure
 Likert's System Four  Exploitative authoritative, benevolent authoritative, consultative, participative
Likert's System Four
 Fiedler's Leadership Model  Leader-member relations, task structure, position power
Multiple choice organisation of commerce and management leadership leadership theories directing commerce

Match the items of List-I with List-II and select the correct code:

List-I List-II
(a) Getting Effective Leadership in the Industrial Organization (i) Dale Yoder
(b) The Nature of Leadership Organization and Management (ii) Alford and Beatty
(c) Industrial Management (iii) Douglas McGregor
(d) Personnel Management (iv) Chester I. Bernard

  1. $(a) - (i), (b) - (ii), (c) - (iii), (d) - (iv)$

  2. $(a) - (iii), (b) - (iv), (c) - (ii), (d) - (i)$

  3. $(a) - (iii), (b) - (iv), (c) - (i), (d) - (ii)$

  4. $(a) - (iv), (b) - (iii), (c) - (ii), (d) - (i)$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Matching the literary works with their authors: 'Getting Effective Leadership in the Industrial Organization' was written by Douglas McGregor (a-iii); 'Organization and Management' is by Chester I. Barnard (b-iv); 'Industrial Management' is by Alford and Beatty (c-ii); and 'Personnel Management' is by Dale Yoder (d-i). This matches option B.

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

A leader who identifies what subordinates need to do to achieve objectives, clarifies organizational roles and tasks, sets up an organization structure, rewards performance and provide for the social needs of their followers, is __________.

  1. a transformational leader

  2. a participative leader

  3. a transactional leader

  4. an autocratic leader
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A transactional leader focuses on clarifying roles and task requirements, establishing organizational structures, and using a system of contingent rewards to motivate followers. This style relies on structured exchanges rather than inspiring deep personal transformation.

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

Consider the following leadership styles:
1. Telling 2. Autocratic
3. Selling 4. Motivating
5. Participating 6. Delegating
7. Charismatic
Select the four styles of leadership explained by Hersey and Blauchard.

  1. $1, 2, 6$ and $7$

  2. $2, 3, 4$ and $5$

  3. $1, 3, 5$ and $6$

  4. $4, 5, 6$ and $7$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Hersey and Blanchard's Situational Leadership Model identifies four distinct leadership styles based on task and relationship behaviors: Telling (1), Selling (3), Participating (5), and Delegating (6). This corresponds to option C.

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

Blake and Mouton`s managerial Grid has all of the following management styles except ________.

  1. impoverished

  2. democratic

  3. authority-obedience

  4. country club
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Blake and Mouton's Managerial Grid defines five specific leadership styles: impoverished (1,1), country club (1,9), authority-obedience (9,1), middle-of-the-road (5,5), and team management (9,9). 'Democratic' is not one of the designated styles on this grid.

Multiple choice organisation of commerce and management concept of market and marketer marketing environment meaning and definition of marketer role of marketing

Price earning ratio is 83.33% and E.P.S. is Rs. 30. The market price of equity share will be _____________.

  1. Rs. 33.33

  2. Rs. 66.67

  3. Rs. 20

  4. Rs. 25
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The market price of an equity share can be calculated by multiplying the Earnings Per Share (EPS) by the Price-Earnings (P/E) ratio. Here, 30 * 83.33% (or 5/6) equals Rs. 25.

Multiple choice organisation of commerce and management concept of market and marketer marketing environment meaning and definition of marketer role of marketing

Shares issued in Primary market in the form of IPO and FPO. IPO means?

  1. India Public Offer

  2. Initial Private Offer

  3. Initial Public Off

  4. Initial Public Offer
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

IPO stands for Initial Public Offer (or Initial Public Offering). It refers to the process by which a private company offers its shares to the public for the first time to raise capital.

Multiple choice organisation of commerce and management concept of market and marketer marketing environment meaning and definition of marketer role of marketing

Consumer behavior is the result of a _____.

  1. Mental process

  2. Technical process

  3. Scientific process

  4. Social process
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Consumer behavior is primarily the result of a mental process. It involves cognitive and emotional stages such as problem recognition, information search, evaluation of alternatives, and decision-making.

Multiple choice organisation of commerce and management concept of market and marketer marketing environment meaning and definition of marketer role of marketing

FIMMDA stands for ___________________.

  1. Foreign Investment Markets & Derivatives Markets Association

  2. Fixed Income Money Markets & Derivatives Association.

  3. Fixed Income & Money market Development Association.

  4. Floating Income & Money Markets derivative Assets
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

FIMMDA stands for the Fixed Income Money Market and Derivatives Association of India. It is a voluntary market body for the bond, money, and derivatives markets in India.