1623. The purpose of a mission statement is to declare all of these except

by
A. a reason for being
B. an annual financial plan
C. a statement of purpose
D. a statement of beliefs
✅ The correct answer is option B.
The purpose of a mission statement is to declare all of these except an annual financial plan. The sole purpose of a mission statement is to serve as a company’s goal/agenda, it outlines clearly what the goal is.

113. The sum of the powers and rights entrusted to make possible the performance of the work delegated – is said by

by
A. Barnard
B. Fayol
C. Strong
D. Louis Allen
✅ The correct answer is option D.
The sum of the powers and rights entrusted to make possible the performance of the work delegated – is said by Louis Allen. Possession of authority means responsible for action.

Theory which considers change in exchange rate with fluctuations in inflation rates is classified as

by
A. liquidated power parity
B. purchasing power parity
C. selling power parity
D. volatile power parity
✅ The correct answer is option B.
Theory which considers change in exchange rate with fluctuations in inflation rates is classified as purchasing power parity. Purchasing power parity (PPP) is an economic theory that compares different countries’ currencies through a “basket of goods” approach.

Type of voting in which owner having half voting shares can elect board of directors is called

by
A. directors voting
B. half voting
C. straight voting
D. owners voting
✅ The correct answer is option C.
Type of voting in which owner having half voting shares can elect board of directors is called straight voting. Statutory voting, also known as straight voting, means that shareholders have one vote per share and that votes must be evenly divided among issues. The other shareholder voting procedure is cumulative voting, which allows votes to be weighted based on the shareholder’s preference.

112. In managerial grid, the style which focuses maximum concern of people and minimum concern of production is

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A. task management
B. impoverished style
C. country club
D. team management style
✅ The correct answer is option C.
In managerial grid, the style which focuses maximum concern of people and minimum concern of production is country club. The managerial grid model (1964) is a style leadership model developed by Robert R. Blake and Jane Mouton. This model originally identified five different leadership styles based on the concern for people and the concern for production.

1599. Decision trees could be represented in different ways such as ____________________.

by
A. Bottom to top
B. Left to right
C. Top to bottom
D. All of the above
✅ The correct answer is option D.
Decision trees could be represented in different ways such as Bottom to top, Left to right C and Top to bottom. A decision tree is a decision support tool that uses a tree-like graph or model of decisions and their possible consequences, including chance event outcomes, resource costs, and utility.

109. Responsibility lies in the hands of people in the upper echelons of the hierarchy is called

by
A. Benevolent
B. Consultative
C. Participative
D. Exploitative
✅ The correct answer is option D.
Responsibility lies in the hands of people in the upper echelons of the hierarchy is called Exploitative. An exploitative-authoritative management system means that responsibility lies with people in higher positions in the hierarchy.