Business Management MCQs

✅ The correct answer is option A.
Direction is a managerial function performed by top level management. These top managers are responsible for setting the overall direction of a company and making sure that major organizational objectives are achieved. Their leadership role can extend over the entire organization or for specific divisions such as finance, marketing, human resources, or operations.

✅ The correct answer is option C.
The managerial grid consist of 81 possible leadership styles. Mouton, the Managerial Grid Model helps Managers to analyze their own leadership styles through a technique known as grid training. Also, Managers can identify how they with respect to their concern for production and people with Managerial Grid Model.

✅ The correct answer is option C.
Banks, insurance companies and distribution agencies are examples of departmentation by territory. Departmentalization by Territory is the division of organization according to geographic regions as it groups jobs on the basis of territory or geography.

✅ The correct answer is option A.
According to Follet, conflict may be removed through three ways are domination, compromise and integration. Dominance means victory of one side over the other. This works in the short term, but is unproductive in the long run (to make her point Follett presciently alludes to the results of “The War” (WWI). Compromise means each party having to give up something for the sake of a meaningful reduction of friction. Far form ideal, compromise often leaves parties unsatisfied – having given up something of value. Finally, integration, the option championed by Follett, means creatively incorporating the parties’ fundamental desires/interests into the solution.

✅ The correct answer is option B.
A process whereby superiors and subordinates jointly set goals and assess contributions of Every one to the common goals is called MBO. MBO is “a process whereby superior and subordinate managers of an Organisation jointly define its common goals, define each individual’s major areas of responsibility in terms Of results expected of him and use these measures as guides for operating the unit and assessing the contribution of each of its members.”

✅ The correct answer is option B.
Maslows motivation theory is on the basis of human needs. Maslow proposed that motivation is the result of a person’s attempt at fulfilling five basic needs: physiological, safety, social, esteem and self-actualization. According to Maslow, these needs can create internal pressures that can influence a person’s behavior.

✅ The correct answer is option A.
Deal with routing and repetitive problems is a programmed decision. A routine or repetitive decision that can be handled by established business rules or procedures. These types of decisions are often called for at certain points in a standard process, and are decided based on recognized and easily identifiable factors.

✅ The correct answer is option B.
Planning brings coordination and co-operation. Co-ordination is an orderly arrangement of efforts to provide unity of action in the fulfillment of common objective whereas co-operation denotes collective efforts of persons working in an enterprise voluntarily for the achievement of a particular purpose. It is the willingness of individuals to help each other.

✅ The correct answer is option A.
According to Maslow, self-actualization needs is a high level needs. Self-actualization refers to the need for personal growth and development throughout one’s life. It is the highest level of Maslow’s hierarchy of needs, which was developed by psychologist Abraham Maslow. Once you are self-actualized, you’ve met your full potential as an individual.

✅ The correct answer is option A.
Control exercised while the activity is in progress is concurrent control. Concurrent control takes place while an activity is in progress. It involves the regulation of ongoing activities that are part of transformation process to ensure that they conform to organizational standards.