Integrated MBA Management Basics — practice questions
120 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice Integrated MBA Management Basics in the app →Management is defined as getting things done with the aim of achieving goals:Doing the right task and completing activities to reach goals is being:Doing a task correctly at minimum cost is:A manager hits the 5000-unit target using costly double shifts. He is:A petrol pump, a hospital and a school all need managing. This shows management is:McDonald's changing its menu to survive in India shows management is a:Management cannot be seen but its presence is felt in orderliness and met targets. It is:The economic objectives of a business are survival, profit and:ITC's E-Choupal helping farmers is an example of management meeting:Art is the skillful and personal application of knowledge, so management is an art because managers apply prinBecause management deals with human behaviour and outcomes cannot be exactly predicted, it is called:To become a chartered accountant in India one must clear an ICAI examination. This profession feature is:Chairman, CEO and president belong to which level of management?Division heads such as a production manager who implement top management's plans are:Foremen and supervisors who directly oversee the workforce form the:Determining in advance what is to be done and who is to do it is:Finding the right people for the right job, including recruitment and training, is:Leading, influencing and motivating employees to perform assigned tasks is:Setting standards, measuring performance and taking corrective action is:Synchronising the activities of different departments is called:Coordination is described as the:The Mumbai dabbawallas are cited as excellence through:Social responsibility of business is its obligation to act in ways desirable in terms of the:Compared with legal responsibility, social responsibility is:Social responsibility involves an element of:Deceptive advertising, polluting the environment and exploiting workers are examples of:Which body defines corporate social responsibility as the responsibility of enterprises for their impacts on sIn India, corporate social responsibility is governed by which clause of the Companies Act, 2013?The CSR provisions apply to companies with an annual turnover of at least:CSR rules also apply to companies with a net profit of at least:Companies covered by the CSR rules must set up a CSR committee that includes at least one:The Act encourages companies to spend on CSR at least what share of average net profit of the previous three yWhich CSR activities are taken into consideration under the Indian rules?Which argument says prosperity and growth of business is possible only through continuous service to society?A firm that keeps service to society as its highest goal is said to gain maximum profits in the:Voluntarily assuming social responsibilities can help business avoid:The argument that business has managerial talent and capital that can help solve social problems is:Pollution, unsafe workplaces and discriminatory hiring support which argument for social responsibility?Which argument against social responsibility says business exists only to earn as much as possible?The claim that firms will pass the cost of pollution control to buyers is the argument of:The argument that businessmen lack the training to solve social problems is:Supplying good quality goods, safe working conditions and paying taxes honestly are:A society with fewer problems is said to provide business with a:Corporate sustainability entails a balanced approach to economic progress, social progress and:The word business is derived from which everyday word?A boy helping an old man cross the road is performing:Economic activities are divided into which three categories?Cooking food at home for the family is not business, but cooking and selling it in a restaurant is, because buA person who sells his own old radio once at a profit is not in business because business needs dealings that Not knowing how much money the firm will earn this year is called:Risk in business is best described as the uncertainty associated with:Which of these is a cause of business risk?The reward earned in a profession is called a:A doctor must hold membership of a professional body and a certificate of:Transfer of interest to another person is possible in which of the three economic activities?Business activities are broadly classified into which two categories?A firm that mines iron ore belongs to which kind of industry?A poultry farm that breeds birds for further reproduction is an example of a:Manufacturing steel from raw iron is which kind of industry?An oil refinery that separates different elements from the same material is a:A cement plant that combines various ingredients into a new product is a:Sugar and paper are made through successive stages, which makes them examples of a:A plant that joins component parts to make televisions and cars is an:Building dams, bridges and roads falls under which industry?Transport, banking, insurance and warehousing belong to which industry group?Commerce is made up of trade together with:Deciding what must be done to reach the firm's objectives is the function of:Coordinating and allocating the firm's resources to carry out its plans is:Assessing progress toward goals and correcting deviations from the plan is:Using the least amount of resources to reach the firm's goals is:The ability to produce the desired result is:Creating broad goals covering one to five years for the whole firm is:Middle managers who design and carry out plans for specific areas of the firm do:Creating specific standards, methods, policies and procedures for daily work is:Plans that set out what to do in a crisis, including the chain of command, are:The highest level of managers, including chief executives and presidents, is:A manager's specialised knowledge and the ability to apply it are:A manager's interpersonal skills, used to get things done through people, are:Seeing the firm as a whole and how its parts fit together calls for:The ability to operate across diverse cultural environments is called:A manager acting as figurehead, company leader or liaison is filling:A manager gathering information, passing it on or speaking for the firm is filling:A manager acting as entrepreneur, resource allocator or negotiator is filling:Guiding and motivating others toward the firm's goals is:A directive manager who decides alone with little input from staff is an:A leader who confers with staff but keeps the final say is a:A leader who hands all authority and control to subordinates practises:The set of attitudes, values and standards that marks one organisation from another is its:A broad expression of what a firm's founders want the business to accomplish is the:The statement that takes that broad purpose and describes the products the firm will offer is the:Compared with a mission statement, a vision statement is usually:Many companies confuse the two statements, often calling a very broad statement their:The big-picture goals describing what the company will do to fulfil its mission are:The framework a firm uses to organise its activities within one business is a:A chief executive managing a group of businesses develops strategy at which level?At every level, a firm must first ask whether it wants to grow, hold steady or defend. Its answer sets its:A manager who decides to develop new offerings and win more customers has chosen a:A small coffee shop owner deciding to keep the business at its current size has chosen:Strategic analysis matters because managers must first understand the conditions in which the business will:A decision taken now about actions a firm will undertake later is called a:The framework for setting good goals, spelled out letter by letter, is called:Under that framework, the goal 'do well in this class' fails first because it is not:The letter M in that framework stands for a goal being:The last step in the strategy cycle is:Publicly held companies must disclose their performance because:Which is given as an example of a performance measure a firm can use?Although the strategy process looks orderly, most top managers actually deal with the steps:Plans that sit below the strategic plan and translate it into shorter-range action are called:The most detailed plans, guiding day-to-day work, are:Once objectives are set, the firm must next turn to the question of:People who take charge of or guide the activities of others are called:The university whose researchers, led by Ralph Stogdill, identified two leader behaviours was:The relationship-oriented behaviour those researchers identified is called:The task-oriented behaviour they identified is called:Leaders once believed they had to choose one behaviour or the other, but the studies showed both can be:The other university that studied leader behaviours at the same time was:Behaviours devoted to supervisory functions such as planning and scheduling are described as:The pair who developed a grid for classifying leadership styles were:The contingency model of leadership was set out by:In that model, leaders are asked to describe their: