Business Management MCQ Questions and Solutions with Explanations | Management
Business Management MCQ Questions and answers with easy and logical explanations. Management provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Management MCQ is important for exams like MAT, CAT, CA, CS, CMA, CPA, CFA, UPSC, Banking and other Management department exam. Page-6 section-3
Each section contains 100 MCQs on
Business Management .
Assertion (A) The organisational structure should follow the organisational strategy. Reason (R) Structure are for achieving the objectives are derived from overall strategy.
Which of the following statements are true about Herbert A Simon's decision-making process?
1. Decision-making process involves intelligence, design and choice activities.
2. Decision-making involves choice between alternative plans of action.
3. Bounded rationality has no significance in decision-making process.
4. Satisficing model brings about a balance between individual and organisational value judgement in decision-making process.
Assertion (A) The basic planning process always involves setting objectives, forecasting and assessing basic planning 'premises' or assumptions, determining alternatives causes of actions, evaluating which options are best and then choosing and implementing plan. Reason (R) There is usually a hierarchical aspect to managerial planning. Top management approves a long-term or strategic plan. Then each department creates its own budgets and other plans to fit and to contribute to company's long term plan.
