Business Management – Set 2 January 29, 2025 by aasi Home › Management › Business Management Business Management Business Management – Set 2 📝 Model Practice Set ⚡ Instant Answers & Explanation 🎯 Exam Oriented 0% Report a question What’s wrong with this question? You cannot submit an empty report. Please add some details. 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950 Business Management – Set 2 Dear ! This is Business Management – Set 2 Quiz and it contains 50 questions. Keep Learning! 1 / 50 1) The decision which has long term impact on business is _________. non-programmed decision programmed decision non-economic decision individual decision 2 / 50 2) The assumptions about future derived from forecasting and used in planning are known as planning premises corporate premises freehold premises business premises 3 / 50 3) Operational planning is done at high levels of management subordinates workers lower level of management 4 / 50 4) The process whereby a manger shares his work and authority with his subordinates is________. decision making Decentralisaiton Responsibility Delegation 5 / 50 5) Strategic planning is done at subordinates lower level of management workers high levels of management 6 / 50 6) Goal or target to be achieved is known as. objective Budget A.schedule B.C.D. procedures 7 / 50 7) The type of authority is invested with the persons by virtue of the office held by them is ________. The competence theory The acceptance of authority theory The formal authority theory The organisaiton theory 8 / 50 8) A decision taken to meet unexpected situations is known as ________. non-economic decision crisis decision economic decision problem decision 9 / 50 9) Departmentation on the basis of production process is called _________. departmentation by territory departmentation by products departmentation by customers equipment department 10 / 50 10) The decision which is implemented within the concerned department is known as ___________. departmental decision non-economic decision economic decision problem decision 11 / 50 11) The subordinate is granted authority to perform all the functions in his department or division is _________. general delegation specific delegation formal delegation informal delegation 12 / 50 12) The decision which does not incur any expenses is known as _________. crisis decision non-economic decision economic decision problem decision 13 / 50 13) A leader who serves as the head of the family and treats his followers like his family members is _______. liberal leader institutional leader intellectual leader paternalistic leader 14 / 50 14) The decision which relates to day-to-day operation of an organization is known as __________. operative decision major decision personal decision organisational decision 15 / 50 15) Construction of fly over is an example of project rules programme methods 16 / 50 16) The term span of management is also known as _______. span of activity span of control span of planning span of business 17 / 50 17) Planning lays down the overall objective, strategies and polices for the total enterprise is divisions planning corporate planning department planning unit planning 18 / 50 18) The authority flows from top to bottom through the structure of an organization is _________. The acceptance of authority theory The organisaiton theory The formal authority theory The competence theory 19 / 50 19) Delegation made by written orders and instruction is known as _________. written delegation downward delegation sideward delegation oral delegation 20 / 50 20) Increase sales by 10% is an example of objective schedules procedures budgets 21 / 50 21) Crisis decision is also known as ________. minor decision major decision spot decision group decision 22 / 50 22) No smoking the factor is an example of rules programme schedule project 23 / 50 23) Strategic planning is medium term planning short term planning annual planning long term planning 24 / 50 24) Decision taken by committee formed by the top management for specific purpose is ________. personal decision group decision operative decision organisational decision 25 / 50 25) Programmed decision is also known as structured decisions operative decisions strategic decisions routine decisions 26 / 50 26) The planning focus specific functional areas of business is department planning corporate planning unit planning divisions planning 27 / 50 27) Goals, aims, purposes, missions and target is also known as policies rules strategies objectives 28 / 50 28) Departmentation on the basis of activities grouped according to the type of customer is _________. departmentation by products departmentation by territory departmentation by function departmentation by customers 29 / 50 29) When an individual or a group agrees to work under the direction of an informal leader is called ________. specific delegation informal delegation general delegation formal delegation 30 / 50 30) Operational planning is Short term planning Long term planning annual planning medium term planning 31 / 50 31) If the subordinates do not accept the command of their superior, then the superior cannot be said to have any authority over them is given in. The acceptance of authority theory The formal authority theory The organisaiton theory The competence theory 32 / 50 32) A chronological sequence of steps to be undertaken to enforce a policy and to attain an objective is known as rules procedures objectives strategies 33 / 50 33) The process of establishing a time sequence for the work is known as budgets objective schedules procedures 34 / 50 34) A rigid plan, no scope for discretion budgets procedures schedules rule 35 / 50 35) Employees will be promoted on the basis of seniority is an example of policy rules procedures methods 36 / 50 36) Set of clear instruction in a clear and logical sequence to perform a particular task rules methods policy programme 37 / 50 37) The orders, instructions or direction are delegated to a particular person specifically is known as _________. formal delegation specific delegation informal delegation general delegation 38 / 50 38) Planning focus on day-to-day actions of work units is divisions planning unit planning corporate planning department planning 39 / 50 39) The process of dividing the large monolithic functional organization into small and flexible administrative units is called ________. departmentation staffing delegation control 40 / 50 40) Authority is the right to give orders and the power to exact obedience is defined by Barnard Louise Allen Strong Fayol 41 / 50 41) Specifying the manner of executing policy is known as procedures objective schedules budgets 42 / 50 42) Banks, insurance companies and distribution agencies are examples of ________. departmentation by customers departmentation by function departmentation by products departmentation by territory 43 / 50 43) The leader who excels as a leader because of his superior knowledge is _________. institutional leader liberal leader autocratic leader intellectual leader 44 / 50 44) The purchase of land and building is an example of major decision minor decision spot decision group decision 45 / 50 45) Penalty is levied for violation of Rules Procedures methods policy 46 / 50 46) When authority is delegated as per the organisaiton structure it is called ________. formal delegation informal delegation specific delegation general delegation 47 / 50 47) Contingent plan to meet environmental pressure is objective rules strategies policies 48 / 50 48) Complete installation of computer within 3 months is an example of rules programme schedule project 49 / 50 49) Departmentation is a part of the _______. organisaiton process planning process staffing process control process 50 / 50 50) A leader motivates his followers to work hard by offering them rewards is _________. negative style democratic style positive style autocratic style Your score isThe average score is 0%🎉 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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