SYMBIOSIS CENTRE FOR DISTANCE LEARNING (SCDL) Principles and Practices of Management

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Amberlynn Dorcas Miles
6 years ago
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1 Sample Questions: Section I: Subjective Questions 1. Write any four principles of the 14 general principles of management. 2. What do you understand by contingency approach? 3. Write down the types of controls. 4. What is meant by SWOT analysis? 5. What do you understand by levels in organization? 6. What is Management by Objectives (MBO)? 7. What are some of the basic norms for making a career? 8. What do you understand by the Production, Planning and Control? Section II: Objective Questions Multiple Choice Single Response 1. It provides necessary information to make decision process more effective. 1] Decision support system 2] Structured decisions 3] MIS 4] Decision tree 2. When one is not happy with the present environment, he starts thinking of change; this is called 1] Breakthrough thinking in the present stalemate 2] Breakthrough thinking in the past stalemate 3] Breakthrough thinking in the future stalemate 4] Breakthrough thinking 3. All partnership and public and private ltd. Companies need to get registered under

2 1] Companies Act 2] Trust Act 3] Co-operative Societies Act 4] copyright Act 4. In any organisation, action based on decisions implies 1] Joint management 2] Routine administration 3] Executive part 4] Business 5. We establish a group and organize it, that is why we call it as 1] Organisation 2] Groups 3] company 4] Manager 6. Maximum utilization of time is possible, if it is properly 1] Planned 2] Stores 3] Distributed 4] Observe 7. When certain functions like finance, marketing, human resource etc. are accepted as a specialized functional area of management, it is called 1] General Management 2] Specialised management 3] Specific management 4] Modern management 8. According to Fielder's contingency approach to management, leaders are born not only out of personal attributes but also because of

3 1] Situations 2] Management 3] Social needs 4] Officers 9. The objective of communication must be thought in terms of ultimate - 1] Results 2] Salary 3] timing 4] Destination 10. Practicing management means making 1] Managerial career 2] Administrative career 3] IT career 4] Career in finance Multiple Choice Multiple Response 11. Research and analysis helps in 1] collecting information 2] analyzing alternatives 3] Doing experiments 4] Providing resources 12. Any company raises its capital to meet its 1] Long term needs 2] Short term needs 3] Personal needs 4] Mental satisfaction 13. Any business is obligatory to its customers for better results in terms of 1] Quality

4 2] Quantity 3] Cost 4] Presentation 14. Human being wants to be a follower in his self-interest of 1] Survival 2] Growth 3] Pay package 4] Facilitates 15. In big scale companies, top management 1] Manages indirectly 2] Need to depends upon lower level management for practical functions 3] financial matters with other companies 4] Manage its customers 16. Goods producing businesses are more oriented towards 1] Design 2] Technology 3] People 4] Finance 17. One should be sensitive not only to the deviation in product itself but also to the 1] Effectiveness 2] Desirability 3] Efficiency 4] Interpretation 18. The result of control should be 1] Communicable 2] Actionable

5 3] Possible 4] Encouraging Fill in the Blanks 19. We need to consider limiting factors, which are present in the environment around organization, because it may accepting this alternatives. 1] Prohibit 2] Accepts 3] Changes 4] Delay 20. To manage business, one must understand cost and of links in supply chain. 1] Quality 2] Quantity 3] Approach 4] Manpower 21. Performance is action oriented and these actions should be 1] Implemented 2] Accepted 3] Resisted 4] Imported 22. Control can be in terms of tangible as well as an intangible form. 1] Evaluated 2] Standardised 3] Demands 4] Develops 23. To promotes unity in perspectives of human beings and reducing conflicts in organisation, one need to develop in the organisation.

6 1] Effective culture 2] Effective positions 3] Pay packages 4] Job descriptions 24. The helps to identify new problems with fresh perspectives. 1] Job rotation 2] Job orientation 3] New employments 4] Job exposition 25. The statement of an outcome of a vision and conceptualization of all the contributors is a. 1] Vision statement 2] Rules and regulations of a company 3] Policies of a company 4] mission 26. Most of the quality control methods like six sigma are based on. Technology. 1] Mathematical 2] Scientific 3] computer 4] statistics 27. We establish a group and organize it; that is why we call it. 1] Organisation 2] Groups 3] company 4] Manager 28. It is necessary that critical points remain.

7 1] Unchanged 2] Changed 3] Economical 4] None of these State True or False 29. Reception staff need not have to receive, conduct or see off the guests and visitors of the organisation. 30. Material department need not have keep control on inventory levels 31. Goals can be converted into actions without any concrete terms. 32. Mother tongue languages encourage the formation of informal groups. 33. Job is designed in the job description such a way, that it would provide job satisfaction to the employees and benefits to the organisation. 34. When you plan for longer period in future, you need to act more in present. 35. While planning resources for the activities, cost need not have to be consider. 36. Government, though involved in the business indirectly, cannot be treated as stakeholder of a business. 37. Knowledge of general management along with specialisation will prove in effective and efficient work. 38. In prescriptive decisions, management can decide as the problem arises and depends upon the type of nature of problem. Match the Following 39. 1] Targets are decided in terms of quantity 1] Quantitative decisions 2] Decisions taken to improve quality 2] Qualitative decisions 3] Arithmetical term used to show conversion of qualitative decision into quantitative decision. 3] Impute

8 4] Big disadvantage of this type of decision system is that nobody takes its responsibility. 4] Group decisions 5] DSS 6] MIS 40. 1] Each time reworks total income and revenues for the future 2] Controls the activities and their results in synchronized manner 3] Meet the need of flexibility according to sales potentials 4] Data coupled with planning system for controlling the activities 1] Zero Base budget 2] Activities network control 3] Variable budget 4] Statistical data base control 5] Systems and procedures 6] Social controls 41. 1] Investment in the machinery 1] Treat as an asset 2] This is calculated every year on machinery 2] Depreciation 3] To operate machinery tools 3] Trained workers 4] Maintenance of equipments 4] to keep it serviceable 5] Profit and loss 6] Semi-skilled workers 42. 1] Use of technology as a tool in management 2] Organisational design environment around people who work 3] Increase in goods and services due to competitive environment 4] Management techniques used for long term solutions 1] Standardization of task 2] Work ethics 3] Better quality products 4] Management fads

9 5] Longevity of management 6] Work environment

E1-E2 Accounting Standards And Ratio analysis

E1-E2 Accounting Standards And Ratio analysis For internal circulation of BSNLonly 1 WELCOME This is a presentation for the E1-E2 (Finance) Module for the Topic: Accounting standards and Ratio analysis