Business Management MCQs

✅ 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.

✅ The correct answer is option C.
In managerial grid, the style which focuses moderate concern for both production and people is middle of the road. Middle-of-the-road management reflects a moderate amount of concern for both people and production.

✅ The correct answer is option D.
The decision taken by lower level management is a programmed decision. The lower level management informs the workers about the decisions which are taken by the management. They also inform the management about the performance, difficulties, feelings, demands, etc., of the workers. They spend more time in directing and controlling.

✅ The correct answer is option C.
Internal coordination is all about establishing a relationship between all the managers, executives, departments, divisions, branches, and employees or workers. These relationships are established with a view to coordinate the activities of the organization.

✅ 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.

✅ 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.

✅ The correct answer is option D.
Delegation of some of his duties by a subordinate to another subordinate of the same rank is called sideward delegation. It takes place when a subordinate assigns some of his duties and authority to another subordinate of the same rank.

✅ The correct answer is option C.
The process of dividing the large monolithic functional organization into small and flexible administrative units is called departmentation. Departmentation is a process of dividing the large monolithic functional organization into smaller and flexible administrative units.

✅ The correct answer is option A.
Elements of delegation are responsibility, authority and accountability. Every time you delegate work to a teammate, three inescapable core elements of delegation are in play. Authority, responsibility, and accountability form an integrated process and must be applied by you as a unified whole.

✅ 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.