Symbiosis International Education Centre Post Graduate Diploma Business Management Principle of Practices Management, PPM_14(2007)University Question

Symbiosis International Education Centre Post Graduate Diploma Business Management Principle of Practices Management, PPM_14(2007)University Question
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Question Board members should have an independent sense ofjudgment.
Correct Answer True
Your Answer FalseTrue/False
Question Event management in India is an ancient activity.
Correct Answer False
Your Answer False
Multiple Choice Multiple AnswerQuestion Organizing is defined in different ways, viz.
Correct Answer Process , Relationship , Corporate citizen
Your Answer Process ,
RelationshipSelect The BlankQuestion Charles Babbage built the first prototype of modern ________.
Correct Answer Computers
Your Answer Computers
Select The BlankQuestion The ________ principle, which is the inherent process inorganization through which authority, the antecedent cocoordinativeprinciple, permeates the entire organized structure.
Correct Answer Scalar
Your Answer Functional
Multiple Choice Single Answer
Question It is said that 'Delegation is the key to control' and
Correct Answer information is guide to control
Your Answer information is basis of control
Multiple Choice Single Answer
Question Which is the technique where the completion of all tasks ischecked in the order planned in the time scheduled is known asCorrect Answer Critical path method
Your Answer Critical path methodMultiple Choice
Multiple AnswerQuestion Application of general management functions to the insurancesector is
Correct Answer co-ordinating , controlling , directing
Your Answer capitalizingTrue/False
Question Lower level managers need EQ most.
Correct Answer FalseYour Answer True
Multiple Choice Multiple AnswerQuestion Certain important motivational techniques are
Correct Answer Monetary incentives , Job-based techniques , MBO techniques
Your Answer Monetary incentives , Job-based techniques , MBO techniques
Multiple Choice Multiple AnswerQuestion
Future of Insurance sector would be
Correct Answer new players taking over the market , improved customer service, strong hold of nationalized players
Your Answer new players taking over the market , improved customer service, strong hold of nationalized playersMatch
The FollowingQuestion
Correct Answer Your AnswerService sector is notinfluenced by this systemlicensing system licensing systemFunctional managementchallengesManagement accountingand taxationThis influences the servicesectorCorporatization ofservicesAccountants AccountantsReason for expansion ofservice sectorFailure to sustain anadvantage inmanufacturing activitiesThe service sectordominates the Indianeconomy
True/FalseQuestion Procedures establish a useful method of doing work and thus itcan eliminate friction between departments.
Correct Answer True
Your Answer True
Multiple Choice Multiple Answer
Question In the complex new liberalized economy business families facecommon problems such as...
Correct Answer Unproductive labour , Falling share value , Transnational attach
Your Answer Unproductive labour , Falling share value
Select The BlankQuestion Individuals are encouraged to develop________,to speak out, tochallenge actions.
Correct Answer ideasYour Answer ideas
Select The BlankQuestion Business ________ is the calculation of probable events toprovide against future.
Correct Answer forecasting
Your Answer planningSelect The BlankQuestion Being more attuned to the feelings of those you work with is abenefit of ________.
Correct Answer Emotional Quotient
Your Answer Emotional Quotient
Multiple Choice Single AnswerQuestion
Communication forms the link between every individual andbetween one group and the other groups, what are the mainfacts which flow through individuals at various levels.
Correct Answer concepts, opinions
Your Answer concepts, opinions
Multiple Choice Multiple Answer
Question
RBI's present report on currency and finance divides the sectorinto
Correct Answer consumer services , Govt. services , producer services
Your Answer consumer services , producer services
True/FalseQuestion
It is that top leadership fails to teach the MBO philosophy largelybecause, very often it is itself not motivated.
Correct Answer True
Your Answer TrueTrue/False
Question Pursuit of excellence is an ethical principle.
Correct Answer True
Your Answer False
Multiple Choice Single Answer
Question Delegation is required in which type of organization?Correct Answer All type of organizations
Your Answer Big type of organizationsMatch The FollowingQuestion
Correct Answer Your AnswerLeading companies in thissector of eventmanagementWhizcraft EntertainmentLtd, Midas Events,Fountain HeadWhizcraft EntertainmentLtd, Midas Events,Fountain HeadProblems faced by eventmanagement industryIn addition to theentertainment tax, anevent managementcompany is also requiredto pay service taxIn addition to theentertainment tax, anevent managementcompany is also requiredto pay service taxAreas of operations inevent managementCelebrity management,television eventsCelebrity management,television eventsDefinition of eventmanagementEvents are theoccurrences designed formarketing interestsEvents are theoccurrences designed formarketing interestsSelect The BlankQuestion If you don't know what you want to achieve, don't call in the________.Correct Answer ConsultantYour Answer SubordinateTrue/FalseQuestion Peter Drucker various publications have sold about 5 -6 millioncopies worldwide.Correct Answer TrueYour Answer TrueMultiple Choice Multiple AnswerQuestion Name the books on management written by Peter Drucker.Correct Answer The practice of management , Management, tasks,responsibility , Frontiers of ManagementYour Answer Frontiers of Management , The practice of management ,Management, tasks, responsibilityMultiple Choice Single AnswerQuestion Who is primarily known for his Time and motion studies?Correct Answer Frank GilberthYour Answer F.W.TaylorMultiple Choice Single AnswerQuestion What is the set-up of an organization?Correct Answer RelationshipsYour Answer Communication
True/FalseQuestion The Indian consumer does not see shopping as an end in itself.Correct Answer FalseYour Answer FalseMultiple Choice Multiple AnswerQuestion The major books on social and political analysis by PeterDrucker are :
Correct Answer The future of industrial man , The age of discontinuity , Druckeron Asia
Your Answer The future of industrial man , The age of discontinuity , Druckeron Asia
Multiple Choice Single AnswerQuestion
What can act as a self-regulation enabler?
Correct Answer Audit
Your Answer Planning reportTrue/False
Question Demand forecast is one of the popular forecasts.
Correct Answer True
Your Answer True
Multiple Choice Single AnswerQuestion
Of which kind of advertising is event a form?
Correct Answer interactive
Your Answer relatedSelect The BlankQuestion General Insurance corporation was nationalized in________.
Correct Answer 1972
Your Answer 1971
Select The BlankQuestion Different rates are levied by different states for ________ tax.
Correct Answer entertainment
Your Answer entertainment
Select The BlankQuestion Morale is the term usually applied to armed forces during wartime and athletics teams. It refers to team spirit and ________ ofpeople for a common purpose.
Correct Answer togetherness
Your Answer confidence
Multiple Choice Multiple AnswerQuestion Steps to be taken into consideration while whistle blowing are:
Correct Answer examining your motives , verifying and documenting yourinformation , sticking to the facts
Your Answer examining the organizational environment , examining yourmotives , verifying and documenting your information , stickingto the facts
True/FalseQuestion
Actuary is one who specializes in the mathematics of insurance.
Correct Answer True
Your Answer True
Multiple Choice Multiple AnswerQuestion
Few of the benefits of direction are...?
Correct Answer ensures stability and balance , secures employees co-operation, facilitates change in organisation
Your Answer ensures stability and balance , secures employees co-operation, facilitates change in organisationSelect The Blank
Question A method of grouping the business of a multi-businesscorporation, which helps in strategic planning, is ________.
Correct Answer scientific
Your Answer strategic
Multiple Choice Multiple Answer
Question The factors measuring the morale of the workers and ascertainwhether it is increasing or diminishing can be listed as
Correct Answer Absenteeism , No. of accidents , Grievances
Your Answer Absenteeism , Grievances
Select The BlankQuestion
The concept of value and the concept of maximization of valueare related to________concept of Ethics.
Correct Answer Consequentialism
Your Answer Subjectivism
Multiple Choice Multiple Answer
Question The family owned businesses like Tata and Birla, also facemajor fears like
Correct Answer Right successor , Stumbling self-confidence , Lack ofprofessional management
Your Answer Right successor , Lack of professional management
Multiple Choice Single Answer
Question The important point to be noted under the definition of learningorganizations isCorrect Answer Development of collective as well as individual learning
Your Answer Development of collective as well as individual learning
Multiple Choice Single Answer
Question What is the fundamental tool employed by managers in directingtheir subordinates ?Correct Answer Order
Your Answer Decision
Multiple Choice Single Answer
Question Where is the attack on business families coming from
Correct Answer Transnationals
Your Answer Transnationals
Multiple Choice Single Answer
Question What does decoding mean ?
Correct Answer Message interpretation
Your Answer Message interpretation1PP
LIST OF ATTEMPTED QUESTIONS AND ANSWERS pp5
Question Professional managers help organizations in chalking out which type ofstrategies?Correct Answer Corporate
Your Answer Corporate
Question Features of Management are as follows
Correct Answer goal oriented , universal , continuous process
Your Answer goal oriented , universal , continuous process
Question Management is multidisciplinary, it includes knowledge/ information from
Correct Answer economics , maths , psychology
Your Answer economics , maths , psychology
Question The external environmental factors that influence management areCorrect Answer economic changes , political , technological, Leagal, Social, Cultural,Climatic,Global,Ethical,Moral
Question : The Internal environmental factor that influence management areanswer : Place, Labour,machines,MoneyQuestion The features of art is as follows
Correct Answer skill , knowledge , creativity
Your Answer skill , knowledge , creativity
Question Any discipline to be called as profession must fulfill the following conditions
Correct Answer requires definite period of learning , centralized rule making authority ,enforceable code of conduct
Your Answer requires definite period of learning , centralized rule making authority ,enforceable code of conduct
Match The FollowingQuestion
Correct Answer Your AnswerManagement can be applied everywhere Management is universal Management isuniversalManagement is dynamic Changes as per time Changes as per timeManager does not require any specific qualification Anybody can become a manager Anybodycan become a managerKnowledge based decision-making . Instead of intuition Instead of intuitionProfessional managers may Question of accountability of Performance Question ofaccountability of Performancehave only salary-stakeQuestion Correct Answer Your AnswerArt Skill SkillCode of Conduct Profession ProfessionPredictive Power Science Science2PPManagement Creative DynamicProfessional Manager Dynamic CreativeQuestion Revenue model is a challenge in the service sector.Correct Answer TrueYour Answer TrueQuestion The contribution of the service sector to GDP has been less thanproportionate toCorrect Answer employmentYour Answer employmentQuestion The scope for retailing in India is great as it is dominated by the________.Correct Answer unorganized sectorYour Answer unorganized sectorQuestion Focus on savings and high bargaining interests of the consumer is anobstacle in retail development in India.Correct Answer TrueYour Answer TrueQuestion Events are occurrences designed for ________ interests.Correct Answer marketingYour Answer marketingQuestion Which of the following is not an area of operation of event management?Correct Answer bankingYour Answer bankingQuestion Name the leading event management companies in IndiaCorrect Answer Midas , Pinnacle , WizcraftYour Answer Midas , Pinnacle , WizcraftQuestion Foreign insurance companies can appoint majority directors on the companyboard.Correct Answer FalseYour Answer FalseQuestion Life Insurance Corporation was nationalized by merging how many privateinsurance companies?Correct Answer 245Your Answer 245Question In the insurance sector the rules governing the foreign companiesCorrect Answer are 26% of equity participation , affect only special resolutions , do not appointmajority directors on the company boardYour Answer are 26% of equity participation , affect only special resolutions , do not appointmajority directors on the company boardQuestion Future of Insurance sector would beCorrect Answer new players taking over the market , improved customer service , strong holdof nationalized playersYour Answer new players taking over the market , improved customer service , strong hold of3PPnationalized playersQuestion The objectives in corporate governance areCorrect Answer growth , stability , shareholders value maximizationYour Answer growth , stability , shareholders value maximizationQuestion Individuals are encouraged to develop________,to speak out, to challengeactions.Correct Answer ideasYour Answer ideasQuestion Learning from mistakes is often more powerful than learning from________.Correct Answer SuccessYour Answer SuccessQuestion What criterion is that which the SBU must meet which is neither too large nortoo small?Correct Answer Proper sizeYour Answer Proper sizeQuestion What is the authority for the SBU which is delegated to each person headingit, and can adapt quickly to any environmental change?Correct Answer Decision-makingYour Answer Decision-makingQuestion Intelligence quotient is the measurement of one's ?Correct Answer IntelligenceYour Answer IntelligenceQuestion Decreased productivity is a cost of low IQ.Correct Answer FalseYour Answer FalseQuestion Being ________ requires high level of optimism and persistence despiterejection.Correct Answer Self-MotivatedYour Answer Self-MotivatedQuestion The experts who dealt in Behavioral Sciences are :Correct Answer Max Weber , Vilfredo Pareto , Elton MayoYour Answer Max Weber , Vilfredo Pareto , Elton MayoQuestion Under McKinsey's 7 S model, the soft S's are:Correct Answer Style , Staff , SkillsYour Answer Style , Staff , SkillsQuestion Unity of command means that employees should receive orders from onesuperior only.Correct Answer TrueYour Answer TrueQuestion W.Edward Deming introduced quality control in Japan.Correct Answer TrueYour Answer TrueQuestion The characteristics of knowledge worker would be4PPCorrect Answer egoistic , right consciousYour Answer egoistic , right consciousQuestion The purpose of life is to raise from ________ to rajasCorrect Answer TamasYour Answer TamasQuestion It is said that waking and dream world are both illusions, according tovedanta world as ________.Correct Answer Maya MithyaYour Answer Maya MithyaQuestion Successful consultants should promote their consultancy through what ?Correct Answer NetworkYour Answer NetworkQuestion Under the role of management consultant, consultant acts as aCorrect Answer Motivator , Leader , CounselorYour Answer Motivator , Leader , CounselorQuestion Planning is based on future conditions which are dynamic, hence it is said tobeCorrect Answer FlexibleYour Answer ContinuousQuestion The process of forecasting is based onCorrect Answer Future trends , Current analysis , Past performanceYour Answer Future trends , Current analysis , Past performanceQuestion Demand forecast is one of the popular forecasts.Correct Answer TrueYour Answer TrueQuestion Advantage of delegation of authority results in prompt ________.Correct Answer Decision-makingYour Answer Decision-makingQuestion Delegation and decentralization are closely related to each other.Correct Answer TrueYour Answer TrueQuestion the heart of administration is the directing function.Correct Answer TrueYour Answer TrueQuestion Maintaining discipline and ________ those who perform properly, is anelement of direction.Correct Answer controllingYour Answer rewardingQuestion Managerial function of control is the ________ and correction of performanceof various activities.Correct Answer measurementYour Answer measurementQuestion Which modern trend calls for systematic attempt at controlling ?5PPCorrect Answer DecentralisationYour Answer DecentralisationQuestion "Control maintains the equilibrium between ends and means, output andefforts' by according toCorrect Answer Peter DruckerYour Answer Peter Drucker