Resource Management and Consumer Issues MCQ Questions and Answers

Explore the Resource Management and Consumer Issues with this comprehensive collection of MCQ questions and answers.Resource Management and Consumer Issues is perfect for Home Science students preparing for competitive exams such as BA (Home Science), MA (Home Science), UPSC, UGC NET, State PCS, and more. Enhance your understanding, excel in your studies, and strengthen your preparation with this valuable resource.

Which of the following statement(s) is/are correct about management?

A) Management is a universal phenomena B) It is an umbrella term under which individual work together to achieve a common goal C) It is an art and as well as science D) All of the above

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Answer & Solution

Answer: Option D

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The term 'management' is coined from the . . . . . . . . word 'menage'.

A) Greek B) French C) Latin D) Spanish

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Answer: Option B

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"Resource management is the utilisation of resources to achieve one's goal, objective and to meet demand it involves knowing the quantitative and qualitative aspects." This has been stated by

A) K. Kautilya B) Rose, Randle Knoll C) Gross and Crandal D) Nickell and Dorsey

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Answer & Solution

Answer: Option B

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The primary goal of money management is

A) to maximise the return B) to minimise the risk C) to maximise the wealth of owners D) to maximise profit

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Answer & Solution

Answer: Option C

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Which of the following is not a management approach?

A) Classic B) System approach C) Human relation D) Double entry system

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Answer & Solution

Answer: Option D

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Human resource management refers to

A) all managerial activities B) concepts and techniques used in heading person at work C) the management of people in organisations D) the management techniques for controlling people at work

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Answer & Solution

Answer: Option C

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Indicate the region, separating one system from another, in the system approaches to management

A) boundary B) interface C) exchanger D) divider

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Answer & Solution

Answer: Option A

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Effective management recognises the validity of

A) resources B) decision-making C) management process D) values and standards

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Answer: Option A

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Human resource management is mainly . . . . . . . . In nature.

A) proactive B) reactive C) combative D) None of these

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Answer & Solution

Answer: Option A

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Resource management is the utilisation of resources to achieve one's goal, objective and to meet demand it involves knowing the quantitative and qualitative aspects. This has been stated by

A) Rose, Randle Knoll B) K. Kautilya C) Nickell and Dorsey D) Gross and Crandall

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board