Tag: business organisation

Questions Related to business organisation

The success of an organization greatly depends on the decisions that managers make. What are the three decision-making conditions, which managers deal with, in analyzing decision alternatives?

business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

  1. Certainty, Uncertainty, Risk

  2. Certainty, Uncertainty, Maximax

  3. Certainty, Minimax, Risk

  4. Maximax, Uncertainty, Risk

Show answer
Correct Option: A
Explanation:

The success of an organization greatly depends on the decisions that managers make. Certainty, Uncertainty and risk are the three decision-making conditions, which managers deal with, in analyzing decision alternatives. These decision making conditions helps to achieve organizational goals and objectives.

Which of the following factors shapes the ethical behaviour of the members of an organization?

business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

  1. The supervisor's behaviour

  2. Organizational culture

  3. Code of ethics

  4. All of the above

Show answer
Correct Option: D
Explanation:

The supervisor's behaviour, organizational culture and code of ethicss- all these factors shapes the ethical behaviour of the members of an organization. All the factors helped to shape values and beliefs of the employees and helps to maintain proper code of ethics inn the organization.

Drucker assigns three jobs to management.

business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

  1. Managing a business; managing managers; and managing workers and work

  2. Managing a employees; managing managers; and managing accounting work

  3. Managing a business; managing creditors; and managing accounting work

  4. None of above

Show answer
Correct Option: A
Explanation:
Drucker assigns three jobs to management:a) Managing a business 
b) managing managers
c) managing workers and work
According to Peter Drucker these three jobs will help to conduct proper functioning of all the activities in an organization.

Board of directors of any company is normally concerned with.

business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

  1. Management

  2. Administration

  3. Health of managers

  4. None of above

Show answer
Correct Option: B
Explanation:

b'Board of directors of any company is normally concerned with Administration. Administration is often described as a top-level function. Administration can be defined as the universal process of efficiently organizing people and resources in order to achieve the organizational objectives.'

According to Henry Mintzberg, a manager's work has role of.

business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

  1. Interpersonal Role

  2. Informational Role

  3. Decisional Role

  4. All of above

Show answer
Correct Option: D
Explanation:
According to Henry Mintzberg, a manager\'s work has role of :-
a) Interpersonal role- Managers have to communicate and interact with other human beings, thus he should possess interpersonal role.
b) Informational role- Managers provide information to other employees working in an organization to carry out required activities.
c) Decisional role- Managers take decisions on behalf of the organization to achieve the set organizational objectives in an efficient manner.

Management theory and science advocate the "one best way to do things" in the light to every situation.

business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

  1. True

  2. False

  3. Partly true

  4. None of above

Show answer
Correct Option: B

Management by Objectives (MBO) is a system for achieving organizational objectives,enhancement of employee commitment and participation. Which of the following is NOT an advantage of MBO?

business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

  1. Clarity in organizational action

  2. Personnel satisfaction

  3. Basis for organizational change

  4. Flexibility

Show answer
Correct Option: D
Explanation:

Management by Objectives (MBO) is a system for achieving organizational objectives,enhancement of employee commitment and participation. Flexibility is not an advantage of MBO. This approach is appropriate of executives and supervisory personnel who can understand it in a better way. MBO is not easy to administer. It involves considerable time, thought and interaction between the superior and the subordinate.

Management might plan.

business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

  1. For a short period

  2. For a long run

  3. For a short period or long run

  4. None of the above

Show answer
Correct Option: C
Explanation:

Management might plan- for a short period and also for long period. The time period depends on the organizational objectives. Management helps to achieve group goals. It also helps to use available resources at an optimum level.

_________ is concerned with the persons, or organization groups making the decision making process.

business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

  1. Empirical Approach

  2. Group behaviour approach

  3. Interpersonal behaviour approach

  4. Decision theory approach

Show answer
Correct Option: D
Explanation:

Decision theory approach is concerned with the persons, or organization groups making the decision making process. Decision theory approach is an interdisciplinary approach. It helps to determine that how the decisions are made in a job environment which is uncertain. It helps to analyze decision making process.

Which word did Luther Gulick coin using initial letters of management?

business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

  1. POSBRD

  2. POSDCORB

  3. POSDCORBAC

  4. POCDAORD

Show answer
Correct Option: B
Explanation:

POSDCORB is the word which Luther Gulick coined using the initial letters of management. POSDCORB is used as an acronym for Planning, Organizing, Staffing, Directing, Coordinating, Reporting and Budgeting. It reflects classical view of organization theory. It is broadly used in the field of management.