Tag: business organisation

Questions Related to business organisation

______ is concerned with both the "orderly" assemblage of human and material resources as well as the process of development of a structure of formally identified and distinguished tasks, roles and relationships that may be attributable to the various members so that they may effectively work as a group. 

business organisation management - process or functions, managerial role and levels functional areas of management levels and functions of management management functions

  1. Planning

  2. Directing

  3. Organizing

  4. Staffing

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Correct Option: C
Explanation:

Organizing is concerned with both the "orderly" assemblage of human and material resources as well as the process of development of a structure of formally identified and distinguished tasks, roles and relationships that may be attributable to the various members so that they may effectively work as a group. Organizing results in creation of an organizational structure which shapes the system of working. It can be defined as identifying and grouping different activities in the organization for the achievement of specific goal of organization.

Division of work among people and coordination of their efforts to achieve specific objectives are the fundamental aspects of ___________.

business organisation management - process or functions, managerial role and levels functional areas of management levels and functions of management management functions

  1. Forecasting

  2. Organization

  3. Motivation

  4. None of above

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Correct Option: B
Explanation:

Division of work among people and coordination of their efforts to achieve specific objectives are the fundamental aspects of organization.Organization results in creation of an organizational structure which shapes the system of working. It can be defined as identifying and grouping different activities in the organization for the achievement of specific goal of organization.

Identify which of the following statement is correct $(\surd)$ and which is incorrect $(\chi)$?
X. Co-ordination should be viewed as a responsibility of only top level manager of the organization.
Y. Co-ordination and co-operation are same things.
Select the correct answer from the options given below:

business organisation management - process or functions, managerial role and levels functional areas of management levels and functions of management management functions

  1. $\surd$ $\surd$

  2. $\chi$ $\surd$

  3. $\surd$ $\chi$

  4. $\chi$ $\chi$

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Correct Option: D
Explanation:

a) Co-ordination should be viewed as a responsibility of only top level manager of the organization- this statement is false since co-ordination is a responsibility of all levels of managers.
b) Co-ordination and co-operation are same things- this statement is also incorrect.Co-operation is a voluntary collective action to serve a common purpose. Whereas co-ordination is the orderly synchronization of group efforts so as to provide unity of action in the pursuit of common purpose.Co-operation is a voluntary effort of employees. Co-ordination deals with harmonizing the work relations and efforts at all levels for common purpose.

Planning and controlling are closely linked to each other.

business organisation management - process or functions, managerial role and levels functional areas of management levels and functions of management management functions

  1. False

  2. Partly true

  3. True

  4. None of the above

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Correct Option: C
Explanation:

Planning and controlling are closely linked to each other- this is a true statement. The base for comparison or the yardstick to check is given by planning to controlling function. The controlling function of management makes sure that everyone follows the plan strictly.

Importance of management.

business organisation management - process or functions, managerial role and levels functional areas of management levels and functions of management management functions

  1. It enables the organization to survive in changing environment

  2. It improves standard of living and increases the profit which is beneficial to business and society

  3. Management fills up various positions with right persons, having right skills, training and qualification

  4. All of above

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Correct Option: D
Explanation:
Importance of management :-a) It enables the organization to survive in changing environment
b) It improves standard of living and increases the profit which is beneficial to business and society.
c) Management fills up various positions with right persons, having right skill, training and qualification.Management can be defined as a process of getting things done with the aim of achieving goals effectively and efficiently. In absence of management no organization can run successfully.

Hanry feyol, the __________ Industrialist and popularly known the 'founder of modern management theory'.

business organisation management - process or functions, managerial role and levels functional areas of management levels and functions of management management functions

  1. German

  2. French

  3. Greek

  4. American

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Correct Option: B
Explanation:

Henry Fayol, the French Industrialist and popularly known the 'founder of modern management theory'. Henry Fayol was born in France in 1841. He became famous as "Father of Management Studies and Thoughts". He developed fourteen principles of management which act as guidelines for management to perform managerial activities.

Forwarding agents acting on behalf of exporters and Clearing agents act on behalf of the importer in completing the formalities of international trade.

business organisation import and export procedure types of foreign trade exports and imports nature and scope of foreign trade

  1. True

  2. False

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Correct Option: A

Middlemen assisting in international trade include(s) which of the following?

business organisation import and export procedure types of foreign trade exports and imports nature and scope of foreign trade

  1. Export agents

  2. Forwarding agent

  3. Import agent

  4. All of the above

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Correct Option: D

Under ____ price quotation, the importer has to pay the insurance charges.

business organisation import and export procedure types of foreign trade exports and imports nature and scope of foreign trade

  1. Cost and freight

  2. Franco

  3. Free alongside ship

  4. Loco

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Correct Option: A

In ________, a firm itself approaches the overseas buyers/ suppliers and looks after all the formalities related to exporting/importing activities.

business organisation import and export procedure types of foreign trade exports and imports nature and scope of foreign trade

  1. direct exporting/importing

  2. indirect exporting/importing

  3. contract manufacturing

  4. none of the above

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Correct Option: A
Explanation:

A situation in which a company sells its products directly to customers in another country without using another person or organisation to make arrangements for them, or a product that is sold in this way: The direct export of goods involves certain procedures.