Business Management MCQs

✅ The correct answer is option C.
The followers themselves take decisions for which they get authority under free rein style. Free-rein leadership, also called Laissez-Faire, is a type of leadership style in which leaders are hands-off and allow group members to make the decisions. Mangers set objectives and employees are free to do whatever is appropriate to accomplish those objectives.

✅ The correct answer is option B.
The right of a person to give instructions to his subordinates is known as authority. Authority, in simple words, is the right way of commanding subordinates, issuing orders and instructions, and exacting obedience from the team. It is also the right of the manager to make decisions. Also, to act or not to act depends on how he perceives the objectives of the organization.

✅ The correct answer is option A.
Scalar chain means hierarchy levels. The concept of hierarchy is a universal phenomenon of organization which means the scalar chain implying a ladder structured in a pyramidical fashion with successive several steps interlinked with each other, from top to bottom.

✅ The correct answer is option B.
Men, Money Material and Machines are included in resources. Resource management is the process by which businesses manage their various resources effectively. Those resources can be intangible – people and time – and tangible – equipment, materials, and finances. It involves planning so that the right resources are assigned to the right tasks.