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AP Intermediate 2nd Year Principles & Functions of Management — practice questions — page 6

Explore 169 free Principles & Functions of Management questions in AP Intermediate 2nd Year Business Studies. Open each question or exercise to read its content, reference answers and available explanation.

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Principles & Functions of Management questions and exercises with answers

Showing questions 151–169 of 169.

The downward transfer of authority from a superior to a subordinate is called:Read the answer and worked solution →The 2016 step of withdrawing ₹500 and ₹1000 notes as legal tender is known as:Read the answer and worked solution →Understanding the business environment helps a firm to:Read the answer and worked solution →The dimension of the business environment covering scientific improvements and innovations is the:Read the answer and worked solution →A shortcut allowing direct contact between two employees at the same level, cutting across the scalar chain, is the:Read the answer and worked solution →Fayol's principle 'Esprit de Corps' emphasises:Read the answer and worked solution →Name the dimensionRead the answer and worked solution →Specific or general force?Read the answer and worked solution →Formal or informal organisation?Read the answer and worked solution →Complete the delegation ruleRead the answer and worked solution →The principle of 'Division of Work' leads to:Read the answer and worked solution →Giving a greater role to the private sector and reducing that of the public sector is called:Read the answer and worked solution →Complete the planning definitionRead the answer and worked solution →Match the organising termRead the answer and worked solution →Tap what organising givesRead the answer and worked solution →Planning is regarded as the ___ function of management because every other function follows it:Read the answer and worked solution →The systematic delegation of authority throughout all levels of an organisation is:Read the answer and worked solution →Match Fayol's principleRead the answer and worked solution →Order the organising processRead the answer and worked solution →

Worked practice questions

The downward transfer of authority from a superior to a subordinate is called:

  1. delegation
  2. decentralisation
  3. accountability
  4. centralisation
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Correct answer: A. delegation

Delegation is the downward transfer of authority to a subordinate.

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The 2016 step of withdrawing ₹500 and ₹1000 notes as legal tender is known as:

  1. privatisation
  2. liberalisation
  3. demonetisation
  4. disinvestment
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Correct answer: C. demonetisation

The 2016 withdrawal of ₹500/₹1000 notes was demonetisation.

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Understanding the business environment helps a firm to:

  1. ignore all external changes
  2. identify opportunities and get the first-mover advantage
  3. avoid making any plans
  4. stop competing in the market
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Correct answer: B. identify opportunities and get the first-mover advantage

Scanning the environment reveals opportunities and first-mover advantage.

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More Business Studies topics

Financial & Marketing ManagementControllingDirectingFinancial MarketsNature and Significance of ManagementStaffingPlanningBusiness Environment