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) A statement which reflects future incomes and expenditure Cash account Budget Balance sheet Profit and loss 2 / 36 2) _______Plans are made to achieve the overall organizational goals operational plans single use plans strategic plans tactical plans 3 / 36 3) MBO was introduced by Max Weber Mary parker follet Henry fayol Peter F drucker 4 / 36 4) A decision which relates to day to day operation of an organization is known as organizational decision minor decisions operative decisions major decisions 5 / 36 5) Which function is basis of control organizing planning cooperating controlling 6 / 36 6) Planning brings co-operation resources controlling coordination and co-operation 7 / 36 7) The extent to which power and authority are retained at the top is called as responsibility decentralization centralization accountability 8 / 36 8) Esteem needs are also called as safety needs social needs ego needs self realization needs 9 / 36 9) The term policy is derived from greek English French latin 10 / 36 10) Achievement of objectives of an organization is concerned with management organization Division of work planning 11 / 36 11) Men, Money Material and Machines are included in factors of production cost analysis budget preparation resources 12 / 36 12) Cost volume profit analysis is otherwise called as statistical controls break even analysis cost control budgeting techniques 13 / 36 13) The organization which was devised by FW Taylor was committee organization matrix organization functional organization line and staff organization 14 / 36 14) A policy which is inferred from the behaviour of the superior is appealed policy external policy implicit policy specific policy 15 / 36 15) A structure of relationship is called as group effort functions organization team 16 / 36 16) Responsibility lies in the hands of people in the upper echelons of the hierarchy is called Consultative Participative Benevolent Exploitative 17 / 36 17) Span of control means chain of command the number of people working the number of people managed leadership quality 18 / 36 18) The primary function of management is staffing directing planning decision making 19 / 36 19) Theory of work-motivation was propounded by fw taylor herzberg maslow mc gregor 20 / 36 20) Control exercised while the activity is in progress is concurrent control preserving control feed forward control feedback control 21 / 36 21) ________is a force to drive a person to action coordination control C.co-operation motivation 22 / 36 22) The control takes place before the actual activity is known as feedback control concurrent control preserving control feed forward control 23 / 36 23) 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 24 / 36 24) Informal communication is commonly known as downward communication grapevine upward communication horizontal communication 25 / 36 25) Need hierarchy theory was formulated by maslow henry fayol fw taylor mc gregor 26 / 36 26) Verification of financial statements is external audit financial audit management audit internal audit 27 / 36 27) The process of activity relating to the effective utilization of available resources for production is organization decision making management planning 28 / 36 28) The last function of management is staffing organizing planning controlling 29 / 36 29) Passing of authority to make decisions to the lowest possible level in the organizational hierarchy is known as authority responsibility decentralization accountability 30 / 36 30) Control imposed after an action has occurred is preserving control feedback control concurrent control feed forward control 31 / 36 31) Consumers are satisfied through motivation communication management innovation 32 / 36 32) Plans, policies and procedures are the functions of top level management middle level and bottom level management middle level management bottom level management 33 / 36 33) The decisions which are frequent and repetitive in nature are called as non programmed decisions major decisions programmed decisions operative decisions 34 / 36 34) The management function which regulates the activities planning control co-ordination direction 35 / 36 35) Growth and prosperity of any organization depends upon competition division of work planning organizing 36 / 36 36) Father of scientific management weber Fw Taylor Peter drucker Henry fayol 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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