Business Management MCQs

✅ The correct answer is option C.
Non-programmed decision is also called strategic decisions. Strategic decisions are the decisions that are concerned with whole environment in which the firm operates, the entire resources and the people who form the company and the interface between the two.

✅ The correct answer is option D.
The theory focused on a persons act rather than his trait or behaviour is System theory. Systems theory is an interdisciplinary theory about the nature of complex systems in nature, society, and science, and is a framework by which one can investigate and/or describe any group of objects that work together to produce some result.

✅ The correct answer is option B.
The purchase of land and building is an example of major decision. Major decision is something that is greater, very consequential, serious or important.

✅ The correct answer is option D.
A leader exercises his power over his followers because of his position held in the. organizational hierarchy is institutional leader. The concept of Institutional Leadership opens up some essential aspects of organizational leadership capability that could be defined as the collective ability of leadership to detect and cope with changes in the external environment by maintaining the primary goals of the organization.

✅ The correct answer is option B.
In managerial grid, the style of management depicts the style of a leader who is neither concerned about the people nor does he care about the task to be performed is impoverished style. The impoverished leadership style is plotted at the bottom-left corner of the grid and shows the least concern for production or for people.

✅ The correct answer is option C.
The last function of management is controlling. Controlling is the final function of management in which the manager, once a plan has been carried out, evaluates the results against the goals.

✅ The correct answer is option A.
Plans, policies and procedures are the functions of top level management. These managers are responsible for controlling and overseeing the entire organization. They develop goals, strategic plans, company policies, and make decisions on the direction of the business. In addition, top-level managers play a significant role in the mobilization of outside resources.

✅ The correct answer is option A.
Selecting a best course of action among the alternatives is called as decision making. Decision-Making is a process of selection from a set of alternative courses of action which is thoughtful to fulfill the objective of the decision problem more satisfactorily than others.

✅ The correct answer is option A.
MBO is a technique of management. Management by objectives (MBO) is a strategic management model that aims to improve the performance of an organization by clearly defining objectives that are agreed to by both management and employees.

✅ The correct answer is option A.
Expectancy motivation theory is given by Vroom. Vroom’s expectancy theory assumes that behavior results from conscious choices among alternatives whose purpose it is to maximize pleasure and to minimize pain.