Business Management – Set 5 January 29, 2025 by aasi 0% Report a question What’s wrong with this question? You cannot submit an empty report. Please add some details. 123456789101112131415161718192021222324252627282930313233343536 Business Management – Set 5 Dear ! This is Business Management – Set 5 Quiz and it contains 36 questions. Keep Learning! 1 / 36 1) Cost volume profit analysis is otherwise called as statistical controls break even analysis cost control budgeting techniques 2 / 36 2) Span of control means leadership quality the number of people managed the number of people working chain of command 3 / 36 3) A statement which reflects future incomes and expenditure Cash account Profit and loss Budget Balance sheet 4 / 36 4) The last function of management is staffing organizing controlling planning 5 / 36 5) Verification of financial statements is financial audit management audit internal audit external audit 6 / 36 6) Growth and prosperity of any organization depends upon planning organizing division of work competition 7 / 36 7) The decisions which are frequent and repetitive in nature are called as operative decisions programmed decisions non programmed decisions major decisions 8 / 36 8) MBO was introduced by Henry fayol Max Weber Mary parker follet Peter F drucker 9 / 36 9) Men, Money Material and Machines are included in resources cost analysis factors of production budget preparation 10 / 36 10) Passing of authority to make decisions to the lowest possible level in the organizational hierarchy is known as responsibility authority accountability decentralization 11 / 36 11) Responsibility lies in the hands of people in the upper echelons of the hierarchy is called Benevolent Exploitative Participative Consultative 12 / 36 12) Informal communication is commonly known as downward communication horizontal communication upward communication grapevine 13 / 36 13) The control takes place before the actual activity is known as feed forward control concurrent control feedback control preserving control 14 / 36 14) Theory of work-motivation was propounded by herzberg fw taylor mc gregor maslow 15 / 36 15) Achievement of objectives of an organization is concerned with Division of work management organization planning 16 / 36 16) A decision which relates to day to day operation of an organization is known as operative decisions major decisions organizational decision minor decisions 17 / 36 17) Consumers are satisfied through motivation management innovation communication 18 / 36 18) Plans, policies and procedures are the functions of middle level and bottom level management bottom level management middle level management top level management 19 / 36 19) The organization which was devised by FW Taylor was committee organization functional organization matrix organization line and staff organization 20 / 36 20) _______Plans are made to achieve the overall organizational goals single use plans tactical plans strategic plans operational plans 21 / 36 21) The extent to which power and authority are retained at the top is called as decentralization centralization responsibility accountability 22 / 36 22) The primary function of management is directing decision making staffing planning 23 / 36 23) The process of activity relating to the effective utilization of available resources for production is organization planning management decision making 24 / 36 24) Planning brings resources co-operation coordination and co-operation controlling 25 / 36 25) The term policy is derived from English greek latin French 26 / 36 26) The management function which regulates the activities co-ordination planning direction control 27 / 36 27) Control exercised while the activity is in progress is feedback control concurrent control feed forward control preserving control 28 / 36 28) Esteem needs are also called as ego needs social needs safety needs self realization needs 29 / 36 29) Control imposed after an action has occurred is preserving control feed forward control feedback control concurrent control 30 / 36 30) Which function is basis of control controlling cooperating organizing planning 31 / 36 31) A structure of relationship is called as functions team group effort organization 32 / 36 32) Father of scientific management Fw Taylor Henry fayol weber Peter drucker 33 / 36 33) A policy which is inferred from the behaviour of the superior is implicit policy appealed policy specific policy external policy 34 / 36 34) ________is a force to drive a person to action coordination motivation control C.co-operation 35 / 36 35) According to Follet, conflict may be removed through three ways direction, domination and integration control, compromise and integration direction, domination and integration domination, compromise and integration 36 / 36 36) Need hierarchy theory was formulated by maslow mc gregor henry fayol fw taylor Your score isThe average score is 3%🎉 Challenge alert! 💡 Share this quiz with your friends and see who scores the highest! 🏆🤩🔥 LinkedIn Facebook Follow Us @ 0% Restart quiz Exit We’d love to hear your thoughts! 📝 Share your valuable review with us. 🙌 🌟 Thank you for your support! 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