Business Management MCQ Questions and Solutions with Explanations

71

The key difference between decentralisation and delegation are
1. the superior distributing the authority can take back the delegation at his own will, however, in decentralisation a legal action has to be taken.
2. delegation is a legal process while decentralisation is done at the will of the superior.
3. there is transfer of authority in delegation and not the responsibility, while in decentralisation there is a transfer of authority, responsibility and accountability.
Select the correct answer:

A) Both 1 and 2 B) Only 3 C) Both 3 and 1 D) All of the above

Discuss

Answer & Solution

Answer: Option C

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72

Which of the following statement(s) is/are not correct?

A) Staffing does not involve recruitment B) Controlling is looking backward as well as forward C) Directing is all pervasive D) Orientation and appraisal is a part of staffing

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Answer & Solution

Answer: Option A

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73

Prof. . . . . . . . . has divided managerial skills into three key skills chiefly technical skills, conceptual skills and human relation skills.

A) Henry Fayol B) FW Taylor C) McKenzie D) Robert Katz

Discuss

Answer & Solution

Answer: Option D

Solution:

Prof. Robert Katz has divided managerial skills into three key skills: chiefly technical skills, conceptual skills, and human relation skills. These skills are essential for effective management and leadership within organizations. Technical skills involve the ability to perform specific tasks and procedures, conceptual skills involve understanding complex situations and abstract ideas, and human relation skills involve interpersonal communication, teamwork, and conflict resolution. Katz's framework provides a comprehensive understanding of the diverse skill sets required for managerial success.

74

"No one on the organisation should have more than one boss" is a statement of

A) principle of specialisation B) principle of authority C) principle of unity of command D) principle of span of control

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Answer & Solution

Answer: Option C

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75

Identify the correct statement(s).
1. Profits centers deal with maximisation of sales
2. Cost Centers help in revenue generation
3. Investment centres focus on making investment in the assets that yield higher return
4. Revenue centres are responsible for generating maximum sales.
Select the correct answer:

A) Both 1 and 2 B) Both 2 and 3 C) Both 3 and 4 D) 1, 3 and 4

Discuss

Answer & Solution

Answer: Option C

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76

Which of the following are feature of management?

A) It is an art B) It is a science C) It is based on coordination among various resources D) All of the above

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Answer & Solution

Answer: Option D

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77

Authority always flows from

A) superior to subordinate B) subordinate to superior C) Both A and B D) None of the above

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Answer & Solution

Answer: Option A

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78

Which of the following statements are true/false?
1. Directing provides adequate satisfaction.
2. Directing comprises of delegation, authority and departmentalisation.
3. Directing ensures proper feedback.
4. Directing entails maximum contribution.

A) 1, 2, 4 are true and 3 is false B) 1, 3, 4 are true and 2 is false C) 2, 3, 4 are true and 1 is false D) 1 and 3 are correct, 2 and 4 are false

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Answer & Solution

Answer: Option B

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79

Which of the following is the correct formula for calculating the direct group relations of 'span of control' as given by VA Graicunas?

A) $$r = n\left( {\frac{{{2^n}}}{n} + \left( {n - 1} \right)} \right)$$ B) $$r = n\left( {\frac{{{2^n}}}{n} - \left( {n + 1} \right)} \right)$$ C) $$r = n\left( {\frac{{{2^n}}}{n} - 1} \right)$$ D) $$r = n\left( {\frac{{{2^n}}}{n} + 1} \right)$$

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Answer & Solution

Answer: Option A

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80

According to American School of thought, the difference between administration and management is that

A) administration is largely deterministic while management is essentially executive B) management is largely deterministic while management essentially executive C) management is performed at higher level of management while administration is performed at lower levels of management D) administration and management are same

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Answer & Solution

Answer: Option A

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Business Management MCQ Questions and Solutions with Explanations | Management