General Management Quiz questions and answers PDF

MBA Management Quiz Answers - Complete

Management Basics multiple choice questions and answers, management basics quiz answers PDF 5 to study MBA Management course online. Basic Management MCQ trivia questions, management basics Multiple Choice Questions (MCQ) for online college degrees. "Management Basics" App Download: the manager's job, management basics test prep for one year online MBA.

"CIO is one of the most senior executive in an organization. CIO stands for" MCQ PDF with choices chief information officer, chief intelligence officer, chief investigation officer, and chief infrastructure officer for top part time MBA programs. Learn basic management questions and answers to improve problem solving skills .

Management Basics Questions and Answers MCQs

MCQ: CIO is one of the most senior executive in an organization. CIO stands for

Chief intelligence officer

Chief information officer

Chief investigation officer

Chief infrastructure officer

MCQ: Tannenbaum and Schmidt categorized leadership styles into three types namely Autocratic, Democratic and Laissez-faire. In democratic style leader

takes decisions without anyone's consent

motivates the employees to discuss and debate before taking major decisions

leaves all the responsibilities to the employees

None of the above

MCQ: Public sector companies contribute a major portion in the GDP of a country. Public sector company means a company

That is run by the public

That works in cooperation with the government

That is part of the government

That is partly owned the government

MCQ: Considering MintzBerg's Roles of Manager, When we talk about the Informational role it consists of a manager as

Monitor, Disseminator, Spokesperson

Leader, Liaison, Figurehead

Leader, Monitor, Spokesperson

Liaison, Monitor, Leader

MCQ: The amount of cash to be held by the entity depends on the following factors

Inventory, liquid assets, working capital and size of the entity

size of the entity, expected risks, assets, working capital and efficiency of operational staff

Expected future cash flows, liquid assets, expected risks and borrowing capacity of the entity

Liquid assets, liabilities, inventory and size of the entity

Practice Quizzes from Financial Management Course

MNGT App

Introduction to Psychology App

Inventions App

C++ App

Latest Management MCQ Objective Questions

Management MCQ Question 1:

"Panchayats in our country have been given more powers to decide and spend funds granted to them by the government for welfare of villages".
Identify the principle of management highlighted in the statement:

1. Equity
2. Decentralisation
3. Authority and responsibility
4. Esprit De Corps

Answer (Detailed Solution Below)

Option 2 : Decentralisation

The correct answer is Decentralisation.

Key PointsManagement - The administration and coordination of tasks to accomplish a goal is management. Setting the organization's strategy and organizing staff efforts to achieve these goals through the application of resources available are examples of such administration activities.

Important Points

Decentralisation:

• Decentralisation is disposal of decision making authority to all the levels of the organization. In other terms, decentralisation is the sharing of power downward.
• The degree of centralization or decentralisation, according to Fayol, "depends on a number of criteria like the size of the firm, the experience of superiors, the reliability & skill of subordinates, etc.
• Decentralisation is the growth of the subordinate position, whereas centralization is the reduction of the subordinate role.
• Panchayats in our country have been given more powers to decide and spend funds granted to them by the government for the welfare of villages. This is decentralisation at a national level.

Management MCQ Question 2:

If a manager is biased in dealing with people from different states, he is violating

1. Principle of Discipline
2. Principle of Espirit De Corps
3. Principle of Renumeration
4. Principle of Equity

Answer (Detailed Solution Below)

Option 4 : Principle of Equity

The correct answer is Principle of Equity.

Key PointsManagement - The administration and coordination of tasks to accomplish a goal is management. Setting the organization's strategy and organizing staff efforts to achieve these goals through the application of resources available are examples of such administration activities.

Important PointsPrinciple of Equity - 

• According to the equity concept, each employee should be treated equally and with respect, kindness, and justice.
• There should be no discrimination based on someone's gender, status, caste, or religion.
• According to this notion, a manager should foster a workplace free from discrimination and injustice.
• According to this, all employees should be treated equally because they are all equally valuable to the company.
• Since it is only natural for people to wish to be treated equally, the equity principle supports it in the workplace.
• The manager must believe that justice and kindness are the only ways to win over an employee's loyalty and full dedication.
• Hence, if a manager is biased in dealing with people from different states, he is violating Principle of Equity.

Management MCQ Question 3:

Principle of Responsibility and Authority insists on

1. Responsibility > Authority
2. Authority> Responsibility
3. Responsibility = Authority
4. All of the above

Answer (Detailed Solution Below)

Option 3 : Responsibility = Authority

The correct answer is Responsibility = Authority.

Important Points Principle of Responsibility and Authority - 

• The managerial theory of 14 principles of management was created by Henri Fayol, who defined authority as "the right to make orders and exact obedience." Additionally, he acknowledged that whatever formal authority granted to the position was frequently ineffective.
• The ability to command people and determine whether to take action or not in order to further the objectives of the business is what makes authority such a crucial component of the manager's role.

• The right approach to command subordinates, give directions, and get the team to follow them is through managerial authority. Additionally, the manager has the authority to decide what to do and when to do it based on how he sees the goals of the organization.
• The responsibility of a manager, however, is his duty to perform out all the assignment himself to achieve organization goals.
• In an ideal situation, every job in the business would have an equal balance of power, authority, and accountability.
• Problems develop when the harmony between them is upset.
• For example, if a worker is given authority but insufficient power, he will not be able to perform his duties efficiently.
• This is due to the fact that without power, he cannot enforce authority by using rewards and punishments.
• It's critical to associate authority and power—even if they are equal—with accountability and responsibility. Otherwise, as soon as issues arise, he will delegate control to another worker.
• Thus, the Principle of Responsibility and Authority insists on Responsibility = Authority.

Management MCQ Question 4:

Organisation Interest supersede employees' interest is indicated in

1. Principle of Subordination of Individual Interest to General Interest
2. Principle of Esprit De Corps
3. Principle of Initiative
4. Principle of Discipline

Answer (Detailed Solution Below)

Option 1 : Principle of Subordination of Individual Interest to General Interest

The correct answer is Principle of Subordination of Individual Interest to General Interest.

Key PointsPrinciple of Subordination of Individual Interest to General Interest: This suggests that an organisation should work cooperatively to advance corporate interests as opposed to individual ones. be a slave to an organization's objectives. This refers to a company's entire chain of command.

Important Points

• Principle of Subordination of Individual Interest to General Interest: According to this idea, the organization's (general) interest should always take precedence over that of any one person.
• Individual interests shouldn't take precedence over those of the whole.
• To achieve this, individual and shared interests must be in sync.
• When individual interest and the general interest diverge, reconciliation attempts must be made.
• If this rule is broken in the organisation, it could result in organisational politics that promote self-interest, conflict between interest groups, and organisational anarchy.

Additional Information

1. Principle of Esprit De Corps: The management has a duty to regularly encourage and assist one another among their staff. Gaining mutual respect and trust will result in a successful outcome and productive workplace.
2. Principle of Initiative: The management should support and motivate staff members who take the initiative within the company. They will become more interested and valuable as a result.
3. Principle of Discipline: Nothing can be done without discipline. Any project or management must uphold this fundamental principle. The job of management is made simple and thorough by good performance and intelligent interconnection. Good behaviour on the part of employees aids in the smooth development and advancement of their professional careers.

Management MCQ Question 5:

Which of the following is not related to "Organising as a Process"?

1. Initiates implementation of plans
2. Provide framework for performing managerial and operating tasks
3. Effectively deploys resources
4. Clarifies jobs and working relationships

Answer (Detailed Solution Below)

Option 2 : Provide framework for performing managerial and operating tasks

The correct answer is Provide framework for performing managerial and operating tasks

Key PointsOrganizing is a process that initiates the implementation of plans by clarifying jobs and working relationships and effectively deploying resources for attainment of identified and desired results.

The following steps are to be undertaken in the organising process.

• Identification and Division of Work:
  • The first step in the process of organising involves identifying and dividing the work that has to be done in accordance with previously determined plans. Work is divided into manageable tasks so that duplication can be avoided and workload can be shared among employees.
• Departmentalisation: 
  • Once, work has been divided into small and manageable activities, then those activities which are similar in nature, are grouped together. This process is called departmentalisation. Departments can be created on the basis of products, functions and territory.
•  Assignment of Duties: 
  • Once the departments are created, each department is placed under the charge of an individual, called departmental head. Then, each job is allocated to an individual, according to his knowledge and skill. There should be a proper match between the nature of jobs and the ability of an individual.
• Establishing Reporting Relationships:
  • In the organization, each employee has some authority as well as responsibility. It is necessary that every individual must know whom he has to take orders from and to whom he is answerable. This creates superior subordinate hierarchy and helps in coordinating various activities in the organisation

Top Management MCQ Objective Questions

Who among the following list of thinkers of management has developed the theory of “Variation”?

1. Peter Drucker
2. Mouton and Blake
3. Edward Deming
4. Henry Fayol

Answer (Detailed Solution Below)

Option 3 : Edward Deming

Variation theory is a theory of learning and experience that explains how a learner might come to see, understand, or experience a given phenomenon in a certain way. 

Important Points

• Walter Shewhart developed a theory regarding two distinct types of variation: controlled variation and uncontrolled variation. Deming added to Shewhart's work by connecting the concept of a process.
• Deming defined two costly mistakes that result from failure to understand and differentiate between these two very different types of variation. Mistake 2 treats special cause variation as if it were generated by the process
• Variation is a common concept in project management. It is considered as one of the major uncertainties project managers need to monitor as well as deal with all the time. 
• It is defined as the actual condition that is entirely different from the expected condition. The expected condition is usually contained within a baseline plan.

Additional Information

• Peter Drucker  : At the core of Drucker's management theory lie the concepts of decentralization, knowledge work (in fact, he coined the term “knowledge worker”), management by objectives (MBO), and the SMART goal method. Decentralization means that managers should empower employees by delegating tasks. Thus, this option is wrong.
• Mouton and Blake: Robert Blake and Jane Mouton have developed the Managerial Grid, also called as a leadership grid. According to them, the leadership styles can be identified on the basis of manager’s concern for people and production. Thus this option is Wrong.
• Fayol's 14 Principles of Management identified the skills that were needed to manage well. As well as inspiring much of today's management theory, they offer tips that you can still implement in your organization. Fayol also created a list of the five primary Functions of Management, which go hand in hand with the Principles.

Hence with the help of above information we can say that Deming has developed the theory of variation. 

Which of the following states the principles of Scientific Management theory?

1. Science, not rule of thumb, Harmony, Co‐operation, and personal efficiency level
2. Leisure time, Work environment, Harmony among employees, and relation with employer
3. Working hour, Profit from work, Work‐specification, and leisure time benefit
4. Routine work, Hierarchical structure, Motivation, and Punishment

Answer (Detailed Solution Below)

Option 1 : Science, not rule of thumb, Harmony, Co‐operation, and personal efficiency level

The Scientific Management Theory is well known for its application of science at the production floor or the operating levels. 

Important Points

• Science, not Rule of Thumb: Rule-of-thumb methods are traditional approaches that suited organisations in the past. Under mass production, the volume of work had expanded that required scientific methods to manage and control work easily.
• Harmony, not Discord Under this principle, workers and management should work in harmony with mutual cooperation and coordination. Workers should not be overburdened with work, while should not feel dissatisfied with their investment of time and money in an organisation.
• According to Taylor a firm can achieve maximum prosperity if workers and management work with each other leading to development of a cordial relationship with each other and team spirit, and organisational goals can be achieved easily.
• Cooperation, not Individualism: In continuation with the earlier point, it is coordination and not individualism that will assist in achieving organisational goals.
• This principle also suggests that management should take workers into confidence in making important decisions which affect workers and there should be almost equal division of work and responsibility between workers and management and both should work side by side.
•  Personal Efficiency Level  :  This principle involves development of each and every person to his/her greatest efficiency and prosperity. There should be scientific selection of workers and work assigned to them should suit their physical, mental, and intellectual capabilities

Hence, we can conclude that the above are the principles of scientific theory.

Management MCQ Question 8:

Which of the following is matched correctly? 

	Basis of difference	Henri Fayol	F. W. Taylor
1	Perspective	Top-level of  management	The shop floor level of a  factory
2	Personality	Practitioner	Scientist
3	Applicability	Applicable to  specialised situations	Applicable  universally

1. 1 only 
2. 1 and 2 only
3. 2 and 3 only 
4. All of the above 

Answer (Detailed Solution Below)

Option 2 : 1 and 2 only

The correct answer is 1 and 2 only.

Key Points

• Basic differences between the principles of management between Fayol and Taylor. 

Basis of difference	Henri Fayol	F. W. Taylor
Perspective	Top-level of  management	Shop floor level of a  factory
Unity of Command	Staunch Proponent	Did not feel that  it is important as  under functional  foremanship a worker  received orders from  eight specialists.
Applicability	Applicable  universally	Applicable to  specialised situations
Basis of formation	Personal experience	Observations and  experimentation
Focus	Improving overall  administration	Increasing Productivity
Personality	Practitioner	Scientist
Expression	General Theory of  Administration	Scientific Management

• Henri Fayol (1841-1925) was a French management theorist whose theories concerning scientific organisation of labour were widely influential in the beginning of twentieth century.
• Fredrick Winslow Taylor (March 20,1856 – March 21, 1915) was an American mechanical engineer who sought to improve industrial efficiency.

Management MCQ Question 9:

The application of principles has to be changed as per requirements. For examples, employees deserve fair and just remuneration. But what is just and fair is determined by multiple factors. They include contribution of the employee, paying capacity of the employer and also prevailing wage rate for the occupation under consideration.

Identify the nature of principles management highlighted above.

1. General Guidelines
2. Flexible
3. Mainly Behavioural
4. Contingent

Answer (Detailed Solution Below)

Option 4 : Contingent

The correct answer is Contingent

Key Points

• Fayol, in one of his principle, insists that employees deserve fair just wages or salaries. But what is just and fair is determined by multiple factors,
• Such as the contribution of the employee, paying capacity of the employer, and also prevailing wage rate for the occupation under consideration.
• Management principles are relative, not absolute, and they should be applied according to the need of the organization.
• A particular management principle has different strengths in different conditions. Therefore, principles should be applied according to the prevailing conditions.

Management MCQ Question 10:

________ is the type of plan which is time-bound and linked with measurable outcomes.

1. Budget
2. Strategy
3. Rule
4. Policy

Answer (Detailed Solution Below)

Option 1 : Budget

The correct answer is Budget

Key Points

• A budget is the type of plan which istime-bound and linked with measurable outcomes.
• A budget is a quantitative statement for a definite future period of time for the purpose of obtaining a given objective.
• It is also a statement that reflects the policy of that particular period.
•  Financial planning includes both short-term as well as long-term planning.
• Long-term planning relates to long-term growth and investment.
• It focuses on capital expenditure programs.
• Short-term planning covers a short-term financial plan called budget

Management MCQ Question 11:

Which of the following was not affected by Demonitisation in 2016?

1. Private wealth
2. Public sector wealth
3. Real estate
4. Tax collection

Answer (Detailed Solution Below)

Option 2 : Public sector wealth

The correct answer is Real estate.

Key Points

Impact of Demonetisation

• Money/Interest rates
  • Decline in cash transactions
  • Bank deposits increased iii. Increase in financial savings
• Private wealth - Declined since some high demonetised notes were not returned and real estate prices fell
• Public sector wealth - No effect
• Digitisation - Digital transactions amongst new users (RuPay/AEPS) increased
• Real estate Prices - declined
• Tax collection - Rise in income tax collection because of increased disclosure

Management MCQ Question 12:

A manager should have the right to punish a subordinate for wilfully not obeying a legitimate order but only after sufficient opportunity has been given to a subordinate for presenting her/his case. Identify the principle of management highlighted above.

1. Authority and Responsibility
2. Discipline
3. Equity
4. Stability of Personnel

Answer (Detailed Solution Below)

Option 1 : Authority and Responsibility

The correct answer is Authority and Responsibility

Key PointsAuthority and Responsibility - This is the issue of commands followed by responsibility for their consequences. Authority means the right of a superior to give enhanced order to his subordinates; responsibility means an obligation for performance.

• Authority: Authority means a formal, institutional or legal power in a particular job, function, or position that empowers the holder of that job, function, or position to successfully perform his task.
• Responsibility: Responsibility is the obligation of a subordinate to perform a duty, which has been assigned to him by his superior.

Management MCQ Question 13:

Which of the following is not the main dimension of Management?

1. Management of people:
2. Management of work
3. Management of operations
4. None of the above 

Answer (Detailed Solution Below)

Option 4 : None of the above 

The correct answer is None of the above .

Key Points

• Management is multidimensional:
• Management is a complex activity that has three main dimensions.
• These are:
  • Management of work: All organisations exist for the performance of some work. 
  • Management of people: Human resources or people are an organisation’s greatest asset. it implies dealing with
    employees as individuals with diverse needs and behavior. 
  • Management of operations: Management of operations: No matter what the organisation, it has some basic product or service to provide in order to survive. 

Management MCQ Question 14:

Which of the following was not the features of Demonetisation in India during 2016?

1. It helped in increase in Public sector wealth 
2. It was a shift on the part of the government indicating that tax evasion will no longer be tolerated or accepted
3. It led to tax administration channelizing savings into the formal financial system
4. It is viewed as a tax administration measure

Answer (Detailed Solution Below)

Option 1 : It helped in increase in Public sector wealth 

The correct answer is It helped in the increase in Public sector wealth.

Demonetisation had no effect on Public sector wealth.

Key Points

• The aim of demonetisation was to curb corruption, counterfeiting the use of high denomination notes for illegal activities; and especially the accumulation of ‘black money’ generated by income that has not been declared to the tax authorities.
• Features
  • Demonetisation is viewed as a tax administration measure. 
  • Demonetisation is also interpreted as a shift on the part of the government indicating that tax evasion will no longer be tolerated or accepted. 
  • Demonetisation also led to tax administration channelizing savings into the formal financial system. 
  • Another feature of demonetisation is to create a less-cash or cash-lite economy, i.e., channeling more savings through the formal financial system and improving tax compliance.

Management MCQ Question 15:

According to ________, there should be an almost equal division of work and responsibility between workers and management.

1. Henri Fayol 
2. Fredrick Winslow Taylor
3. Peter F. Drucker 
4. None of the above 

Answer (Detailed Solution Below)

Option 2 : Fredrick Winslow Taylor

The correct answer is Fredrick Winslow Taylor.

Key Points

• According to Taylor, there should be an almost equal division of work and responsibility between workers and management.
• All the day long the management should work almost side by side with the workers helping, encouraging and smoothing the way for them.
• Cooperation, Not Individualism: There should be complete cooperation between the labour and the management instead of individualism. This principle is an extension of principle of ‘Harmony not discord’.
• Competition should be replaced by cooperation. Both should realise that they need each other.