Competitive Exams: Commerce MCQs (Practice-Test 57 of 99)

  1. “Each individual in an organization must know in advance what one is expected to achieve.” It is related to which of the following steps of MBO?

    1. Setting of organizational purpose and objectives

    2. Key result areas.

    3. Setting subordinates objectives

    4. Appraisal

  2. Which one of the following statements about MBO (Management by Objectives) is not correct?

    1. The greater the participation of the manager and his Employees in setting goals, the more likely that the goals would be achieved

    2. Autonomy in implementation of the plans is a pre Requisite for the success of MBO

    3. Individual goal setting is not necessary for the success Of MBO

    4. Top level goal setting is a pre-requisite for the success Of MBO.

  3. Match List-I with List-II and select the correct answer using the code given below the lists:

    List-I (Description) List-II (Functional Feature)
    1. Decentralization in Organization

    2. Chain of communication

    3. Task of top management

    4. Movement of task Management

    1. Machine-oriented and not man-oriented

    2. Line authority

    3. Setting goals of Organization

    4. Empowerment of sub ordinates

    • A
    • B
    • C
    • D
      • 3
      • 1
      • 4
      • 2
      • 4
      • 2
      • 3
      • 1
      • 3
      • 2
      • 4
      • 1
      • 4
      • 1
      • 3
      • 2
  4. What is the job evaluation method in which a number d compensable factors are identified and then the degree to which each of these factors is present on the job is determined, called?

    1. Job classification

    2. Point rating

    3. Factor comparison

    4. Job ranking

  5. Match List-I with List-II and select the correct answer using the code given below the lists:

    List-I (Concept) List-II (Explanation)
    1. Theory of Specialisation

    2. Departmentation

    3. Span of Management

    4. Chain of command

    1. Number of subordinates to be supervised

    2. Plan of reporting in an Organization

    3. Pattern of grouping Activities

    4. Breakdown of a complex task

    • A
    • B
    • C
    • D
      • 2
      • 1
      • 3
      • 4
      • 4
      • 3
      • 1
      • 2
      • 2
      • 3
      • 1
      • 4
      • 4
      • 1
      • 3
      • 2
  6. Consider the following steps with regard to job ‘ranking’ method:

    1. Obtain job information

    2. Rank jobs

    3. Select jobs

    4. Select compensable factors

    5. Combine ratings what is the correct sequence of the steps given above?

      1. 1 − 3 − 2 − 5 − 4

      2. 2 − 1 − 3 − 5 − 4

      3. 2 − 3 − 1 − 4 − 5

      4. 1 − 3 − 4 − 2 − 5

  7. What is the method used in a standard costing system which analyses the factors that resulted in the deviation between standard costs and actual costs, called?

    1. Bill of Materials

    2. Progress Report

    3. Variance Analysis

    4. Cost Statement

  8. Consider the following statements regarding coordination

    1. Coordination cannot be voluntarily produced by a number of cooperating persons

    2. Most part of it is the result of voluntary attitudes on the part of people in an organization.

    3. Coordination is a far more inclusive term embracing the idea of cooperation.

    4. Charismatic leaders do not give weightage to coordination

    Which of the statements given above are correct?

    1. 1 and 2 only

    2. 1 and 3 only

    3. 2 and 4 only

    4. 1 and 4 only

  9. Which one of the following describes best the organization's values, aspirations and reasons for being?

    1. Vision

    2. Mission

    3. Objectives

    4. Goals

  10. In the Blake and Mouton's Managerial Grid Theory, what is the point (1.9) known as?

    1. Improverished management

    2. Country club management

    3. Middle of the road management

    4. Team management