Business Management MCQ Questions and Solutions with Explanations | Management

Which of the following is/are not the method(s) of financial control?
1. Break-even analysis
2. ABC analysis
3. Internal audit
4. Quality circles
Select the correct answer:

Read the following statements about 'staffing' as a strategy formation. Identify the ones which are true.
1. Organisations need to hire 'best' people emphasising person-organisation fit over person-job fit.
2. Organisations need to hire people with unique as well as complementary KSAs in order to have the capability to implement flexible and focused business strategies in a fast changing environment.
3. Organisation need to hire people with talent and creativity to contribute to business strategies in a manner that will take any possible course of action in any direction.

The human relations theory can be termed as

"Focus on social environment" is related to the

Arrange the following phases of Hawthorne experiments in the right order.
1. Mica Splitting Test Room
2. Bank Wiring Observation Test Room
3. Experiments on Illumination
4. Relay Assembly Test Room
5. Personnel Counselling
6. Mass Interviewing Programme

The necessity of planning arises because of the fact that business organisation have to

Match the type of managerial decisions List I with the examples given in List II.

List-I	List-II
a. Judgemental decisions	1. Daily routines and scheduled activities
b. Adaptive decisions	2. Complex production and engineering problems
c. Mechanistic decisions	3. Marketing, investment and personnel problems/td>
d. Analytical decisions	4. Research and development and long-term corporate planning

Which of the following statement is incorrect?

Match the items of List I with List II and choose the correct answer of combination.

List-I (Critical Control Standards)	List-II (Critical Points)
a. Physical standards	1. Material cost per unit
b. Cost standards	2. Labour hours per unit of output
c. Revenue standards	3. Timing of production
d. Program standards	4. Average sales per customer

Neo-classical theory of organisation is characterised by