Business Management – Set 5 January 29, 2025 by aasi Home › Management › Business Management Business Management Business Management – Set 5 📝 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. 123456789101112131415161718192021222324252627282930313233343536 Business Management – Set 5 Dear ! This is Business Management – Set 5 Quiz and it contains 36 questions. Keep Learning! 1 / 36 1) A decision which relates to day to day operation of an organization is known as major decisions organizational decision operative decisions minor decisions 2 / 36 2) A statement which reflects future incomes and expenditure Budget Profit and loss Cash account Balance sheet 3 / 36 3) Esteem needs are also called as social needs ego needs self realization needs safety needs 4 / 36 4) MBO was introduced by Henry fayol Peter F drucker Max Weber Mary parker follet 5 / 36 5) The control takes place before the actual activity is known as preserving control concurrent control feedback control feed forward control 6 / 36 6) A structure of relationship is called as functions group effort team organization 7 / 36 7) Need hierarchy theory was formulated by henry fayol mc gregor maslow fw taylor 8 / 36 8) Cost volume profit analysis is otherwise called as cost control break even analysis statistical controls budgeting techniques 9 / 36 9) The decisions which are frequent and repetitive in nature are called as major decisions non programmed decisions operative decisions programmed decisions 10 / 36 10) Planning brings resources coordination and co-operation co-operation controlling 11 / 36 11) Which function is basis of control planning controlling cooperating organizing 12 / 36 12) A policy which is inferred from the behaviour of the superior is specific policy implicit policy external policy appealed policy 13 / 36 13) Verification of financial statements is financial audit management audit external audit internal audit 14 / 36 14) Men, Money Material and Machines are included in resources budget preparation cost analysis factors of production 15 / 36 15) Father of scientific management Henry fayol Peter drucker weber Fw Taylor 16 / 36 16) The extent to which power and authority are retained at the top is called as centralization accountability decentralization responsibility 17 / 36 17) Consumers are satisfied through management innovation communication motivation 18 / 36 18) Span of control means the number of people working leadership quality chain of command the number of people managed 19 / 36 19) ________is a force to drive a person to action coordination C.co-operation motivation control 20 / 36 20) Passing of authority to make decisions to the lowest possible level in the organizational hierarchy is known as responsibility authority decentralization accountability 21 / 36 21) The term policy is derived from greek French English latin 22 / 36 22) Plans, policies and procedures are the functions of middle level management top level management middle level and bottom level management bottom level management 23 / 36 23) Informal communication is commonly known as horizontal communication upward communication downward communication grapevine 24 / 36 24) The process of activity relating to the effective utilization of available resources for production is management planning organization decision making 25 / 36 25) Control exercised while the activity is in progress is concurrent control feed forward control preserving control feedback control 26 / 36 26) Growth and prosperity of any organization depends upon competition organizing division of work planning 27 / 36 27) The management function which regulates the activities planning control co-ordination direction 28 / 36 28) The primary function of management is decision making staffing directing planning 29 / 36 29) The last function of management is organizing staffing planning controlling 30 / 36 30) Theory of work-motivation was propounded by fw taylor herzberg maslow mc gregor 31 / 36 31) Control imposed after an action has occurred is feed forward control preserving control feedback control concurrent control 32 / 36 32) The organization which was devised by FW Taylor was committee organization functional organization matrix organization line and staff organization 33 / 36 33) According to Follet, conflict may be removed through three ways direction, domination and integration direction, domination and integration control, compromise and integration domination, compromise and integration 34 / 36 34) Responsibility lies in the hands of people in the upper echelons of the hierarchy is called Benevolent Participative Consultative Exploitative 35 / 36 35) _______Plans are made to achieve the overall organizational goals tactical plans operational plans strategic plans single use plans 36 / 36 36) Achievement of objectives of an organization is concerned with planning management organization Division of work 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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