Question : Employees given responsibility to achieve target production but no authority is given for access to raw material. Identify the principle of management highlighted in the given statement?
Option 1: Authority and responsibility
Option 2: Unity of command
Option 3: Unity of direction
Option 4: Initiative
Correct Answer: Authority and responsibility
Solution : According to the principal there should be a proper balance between authority and responsibility. Parity between authority and responsibility helps in meeting responsibilities on time and prevents misuse of authority.
Hence, option A is correct.
Question : Identify the principal of management in the following case. A superior told his subordinate that he will be given the responsibility to achieve the target production but in real terms no authority is given for access to the raw material.
Option 2: Chain of command
Option 3: Centralisation and decentralization
Option 4: Division of work
Question : Identify the principle of management in the below case. The head of the sales department asked his subordinate to increase the production due to increased sale of cloth whereas the head of finance department asked not to increase the production of cloth due to risk factor.
Option 1: Unity of direction
Option 3: Division of work
Option 4: Scaler chain
Question : What is the nature of management highlighted in the below statement? Reliance industries is able to achieve the target of production of 20 units within the prescribed period. However, to achieve the target on time, additional 5000 were paid as overtime wages to employees.
Option 1: Effectiveness
Option 2: Efficiency
Option 3: Both A and B
Option 4: Neither A nor B
Question : Which aspect of management is highlighted in the below statement? In whale Ltd, the purchase department purchased 5 tonnes of raw materials for the production department. The production department needs just 2 tonnes. Due to this reason, goods were over produce and were not accepted by the sales department.
Option 1: Lack of planning
Option 2: Lack of organising
Option 3: Lack of manpower
Option 4: Lack of coordination.
Question : Statement 1: Dairying involves the production and management of milk and milk products.
Statement 2: Dairying is a seasonal activity and can only be practiced in certain regions.
Option 1: Both statement 1 and statement 2 are true.
Option 2: Both statement 1 and statement 2 are false.
Option 3: Statement 1 is true, but statement 2 is false.
Option 4: Statement 1 is false, but statement 2 is true.
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