Business Management MCQ - Business Management Section 1

26 Organisation Theory deals with

A
Forms of business organisation
B
Structure of an organisation
C
Industrial relations
D
Incentives and wage policy

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Correct AnswerOption B

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27 Consider the following steps:

1. Analysis of variances

2. Initiating corrective action

3. Measurement of Actual performance

4. Establishment of standards

What is the sequence of steps?

A
1,2,3,4
B
2,3,1,4
C
3,1,2,4
D
4,3,1,2

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Correct AnswerOption D

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28 The following steps are involved in managing by objectives

1. Preliminary setting of objectives at the top

2. Setting subordinates objectives

3. Tying resources with the goals

4. Clarifying the organizational roles The correct sequence of these steps is

A
1,2,3,4
B
1,2,4,3
C
1,3,2,4
D
1,4,2,3

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Correct AnswerOption B

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29 The main advantage of functional organisation is

A
Specialisation
B
Simplicity
C
Expert advice
D
Experience

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Correct AnswerOption A

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30 In a Functional organization

A
There are no advisers, the executive alone having the authority and competence
B
There are specialist advisers having no authority
C
The entire organization is divided into functions with specific role for specialists.
D
The organization is divided into functions with specialists having authority.

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Correct AnswerOption D

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