The organisation in which power of authority runs in straight line is called– (A) Line organization (B) Functional organisation (C) Committee organization (D) None of the above

The organisation in which power of authority runs in straight line is called– (A) Line organization (B) Functional organisation (C) Committee organization (D) None of the above  
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Out of the following forms, which form of organisation is the oldest one ? (A) Line and staff organisation (B) Functional organisation (C) Committee organisation (D) Line organisation

Description : Out of the following forms, which form of organisation is the oldest one ? (A) Line and staff organisation (B) Functional organisation (C) Committee organisation (D) Line organisation

Last Answer : Answer: Line organisation

“A body of persons elected or appointed to meet on an organised basis for the discussion and dealing of matters brought before it.” It is called– (A) Functional organisation (B) Formal organisation (C) Committee organisation (D) Informal organisation

Description : “A body of persons elected or appointed to meet on an organised basis for the discussion and dealing of matters brought before it.” It is called– (A) Functional organisation (B) Formal organisation (C) Committee organisation (D) Informal organisation

Last Answer : Answer: Committee organisation

What is an organization structure in which each employee reports to both a functional (or division) manager and to a project (or group) manager, known as ? (A) Strategic business unit (B) Departmentation by customer (C) Matrix structure (D) Departmentation by territory

Description : What is an organization structure in which each employee reports to both a functional (or division) manager and to a project (or group) manager, known as ? (A) Strategic business unit (B) Departmentation by customer (C) Matrix structure (D) Departmentation by territory

Last Answer : Answer: Matrix structure

Wider span of control is effective in organization where– (A) authority delegation is inadequate (B) tasks are complex (C) thorough subordinate training scheme exists (D) the leadership style is authoritarian

Description : Wider span of control is effective in organization where– (A) authority delegation is inadequate (B) tasks are complex (C) thorough subordinate training scheme exists (D) the leadership style is authoritarian

Last Answer : Answer: thorough subordinate training scheme exists

Which one of the following correctly signifies the purpose of an Organization Chart ? (A) Office Décor (B) Indication of available Office services (C) Flow of Authority (D) High Morale

Description : Which one of the following correctly signifies the purpose of an Organization Chart ? (A) Office Décor (B) Indication of available Office services (C) Flow of Authority (D) High Morale

Last Answer : Answer: Flow of Authority

One of the major disadvantages of the Matrix form of organization structure is that– (A) it does not pinpoint product profit responsibility (B) it is not oriented towards results (C) there is possibility of disunity of command (D) it generates rivalry between line and staff members

Description : One of the major disadvantages of the Matrix form of organization structure is that– (A) it does not pinpoint product profit responsibility (B) it is not oriented towards results (C) there is possibility of disunity of command (D) it generates rivalry between line and staff members

Last Answer : Answer: there is possibility of disunity of command

Which one of the following is the most appropriate management control technique for timely completion of a project ? (A) Organisation chart (B) Management by Objectives (C) PERT (D) Span of control

Description : Which one of the following is the most appropriate management control technique for timely completion of a project ? (A) Organisation chart (B) Management by Objectives (C) PERT (D) Span of control

Last Answer : Answer: PERT

Which among the following is the societal obligation of accounting ? (A) To ascertain profit correctly (B) To maintain the records of the assets and liabilities of organisation (C) To establish effective organizational control (D) To be helpful in correct tax assessment

Description : Which among the following is the societal obligation of accounting ? (A) To ascertain profit correctly (B) To maintain the records of the assets and liabilities of organisation (C) To establish effective organizational control (D) To be helpful in correct tax assessment

Last Answer : Answer: To be helpful in correct tax assessment

Reserve Bank of India is a– (A) Government Company (B) Departmental Organisation (C) Statutory Corporation (D) None of the above

Description : Reserve Bank of India is a– (A) Government Company (B) Departmental Organisation (C) Statutory Corporation (D) None of the above

Last Answer : Answer: Government Company

)To be successful in a functional organization, the PM must rely on: 1. Referent power 2. Formal authority 3. Informal power structure 4. Broad span of control 5. Both a and c

Description : )To be successful in a functional organization, the PM must rely on: 1. Referent power  2. Formal authority  3. Informal power structure  4. Broad span of control  5. Both a and c

Last Answer : 5. Both a and c

Which of the following committees is associated with reforms in small industries? (A) K. L. Rekhi Committee (B) R. Chelliah Committee (C) Abid Hussain Committee (D) None of the above

Description : Which of the following committees is associated with reforms in small industries? (A) K. L. Rekhi Committee (B) R. Chelliah Committee (C) Abid Hussain Committee (D) None of the above

Last Answer : Answer: Abid Hussain Committee

Where does an auditor of a cooperative society submit the audit report ? (A) To the managing committee of the society only (B) To the Registrar of Cooperative Societies of the State concerned only (C) To the State Assembly concerned (D) To the Registrar of Cooperative Societies of the State concerned and a copy to the society

Description : Where does an auditor of a cooperative society submit the audit report ? (A) To the managing committee of the society only (B) To the Registrar of Cooperative Societies of the State concerned only (C ... (D) To the Registrar of Cooperative Societies of the State concerned and a copy to the society

Last Answer : Answer: To the Registrar of Cooperative Societies of the State concerned only

Burns and Stalker model for categorising organisations by structural design uses the terms– (A) Functional and geographic (B) Functional and organic (C) Geographic and mechanistic (D) Mechanistic and organic.

Description : Burns and Stalker model for categorising organisations by structural design uses the terms– (A) Functional and geographic (B) Functional and organic (C) Geographic and mechanistic (D) Mechanistic and organic.

Last Answer : Answer: Functional and organic

Maintenance of intended delegation requires that decisions lying within the individual managers’ authority should be made by them and not referred upwards in the organizational hierarchy. This is known as– (A) principle of unity of command (B) scalar principle (C) authority level principle (D) principle of absoluteness of responsibility

Description : Maintenance of intended delegation requires that decisions lying within the individual managers' authority should be made by them and not referred upwards in the organizational hierarchy. This is ... scalar principle (C) authority level principle (D) principle of absoluteness of responsibility

Last Answer : Answer: authority level principle

Delegation of authority signifies the delegation of– (A) Authority (B) Responsibility (C) Both of the above (D) None of the above

Description : Delegation of authority signifies the delegation of– (A) Authority (B) Responsibility (C) Both of the above (D) None of the above

Last Answer : Answer: Both of the above

Which of the following is not a banking related term? (A) SME Finance (B) Equinox (C) Overdraft (D) Sanctioning Authority

Description : Which of the following is not a banking related term? (A) SME Finance (B) Equinox (C) Overdraft (D) Sanctioning Authority

Last Answer : Answer: Equinox

The project manager has the most authority in the __________________ type of organization. 1. Project expediter 2. Matrix 3. Projectized organization 4. Functional

Description : The project manager has the most authority in the __________________ type of  organization. 1. Project expediter  2. Matrix  3. Projectized organization  4. Functional

Last Answer : 3. Projectized organization

In which one of the following, Crisis Management is reflected ? (A) Future expansion plans of business (B) Organization Development Programme (C) Short-term Manpower Planning (D) Prudent managerial leadership

Description : In which one of the following, Crisis Management is reflected ? (A) Future expansion plans of business (B) Organization Development Programme (C) Short-term Manpower Planning (D) Prudent managerial leadership

Last Answer : Answer: Prudent managerial leadership

To which one of the following aspects does an established pattern of relationships among the components of an organization refer ? (A) Organization strategy (B) Organization structure (C) Organization process (D) Organization policy

Description : To which one of the following aspects does an established pattern of relationships among the components of an organization refer ? (A) Organization strategy (B) Organization structure (C) Organization process (D) Organization policy

Last Answer : Answer: Organization structure

The Doing Business Report" is prepared by which of the following organizations every year? (A) World Bank (B) Asian Development Bank (ADB) (C) International Monetary Fund (IMF) (D) World Trade Organization (WTO)

Description : The Doing Business Report" is prepared by which of the following organizations every year? (A) World Bank (B) Asian Development Bank (ADB) (C) International Monetary Fund (IMF) (D) World Trade Organization (WTO)

Last Answer : Answer: World Bank

In which organization, every subordinate must obey his superior, whether be likes it or not?

Description : In which organization, every subordinate must obey his superior, whether be likes it or not?

Last Answer : Formal organization

Which of the following is the employer-employee authority relationship that follows the chain of command? (a) Staff authority ; (b) Referent power ; (c) Line authority ; (d) Functional authority

Description : Which of the following is the employer-employee authority relationship that follows the chain of command? (a) Staff authority ; (b) Referent power ; (c) Line authority ; (d) Functional authority

Last Answer : (c) Line authority ; 

Frederick W. Taylor introduced a system of working known as (A) Line organisation (B) Line and staff organisation (C) Functional organisation (D) Effective organisation

Description : Frederick W. Taylor introduced a system of working known as (A) Line organisation (B) Line and staff organisation (C) Functional organisation (D) Effective organisation

Last Answer : (C) Functional organisation

Military organisation is known as (A) Line organisation (B) Line and staff organisation (C) Functional organisation (D) None of these

Description : Military organisation is known as (A) Line organisation (B) Line and staff organisation (C) Functional organisation (D) None of these

Last Answer : (A) Line organisation

The unbroken line of authority that extends from the top of the organization to the lowest echelon and clarifies who reports to whom is termed……… (a) Unity of command ; (b) Authority ; (c) Power and authority structure (d) Chain of command

Description : The unbroken line of authority that extends from the top of the organization to the lowest echelon and clarifies who reports to whom is termed……… (a) Unity of command ; (b) Authority ; (c) Power and authority structure (d) Chain of command 

Last Answer : (d) Chain of command 

What kind of organizational structure combines a vertical chain of command with horizontal reporting requirements? (a) Line authority ; (b) Matrix ; (c) Functional ; (d) Line-and-staff

Description : What kind of organizational structure combines a vertical chain of command with horizontal reporting requirements? (a) Line authority ; (b) Matrix ; (c) Functional ; (d) Line-and-staff

Last Answer : (b) Matrix ;

Legitimate power is the right to manage derived from delegation based on ownership or property rights. Which of the statements given above is/are correct ? (A) 1 only (B) 2 only (C) Both 1 and 2 (D) Neither 1 nor 2

Description : Legitimate power is the right to manage derived from delegation based on ownership or property rights. Which of the statements given above is/are correct ? (A) 1 only (B) 2 only (C) Both 1 and 2 (D) Neither 1 nor 2

Last Answer : Answer: Both 1 and 2

Who prepared the first estimate of National Income for the country? (1) Central Statistical Organisation (2) National Income Committee (3) Dadabhai Naoroji (4) National Sample Survey Organisation

Description : Who prepared the first estimate of National Income for the country? (1) Central Statistical Organisation (2) National Income Committee (3) Dadabhai Naoroji (4) National Sample Survey Organisation

Last Answer : (3) Dadabhai Naoroji Explanation: Dadabhai Naoroji prepared the first estimates of National income in 1876. He estimated the national income by first estimating the value of agricultural production ... nonagricultural production. However, such method can only been called as a non-scientific method.

In India, the organisation responsible for assessing the safety of introducing genetically modified organisms for public use is (a) Indian Council of Medical Research (ICMR) (b) Council for Scientific and Industrial Research (CSIR) (c) Research Committee on Genetic Manipulation (RCGM) (d) Genetic Engineering Appraisal Committee (GEAC).

Description : In India, the organisation responsible for assessing the safety of introducing genetically modified organisms for public use is (a) Indian Council of Medical Research (ICMR) (b) Council for ... Research Committee on Genetic Manipulation (RCGM) (d) Genetic Engineering Appraisal Committee (GEAC).

Last Answer : (d) Genetic Engineering Appraisal Committee (GEAC).

Which of the following estimates National Income in India: A. Central Statistical Organisation B. National Income Committee C. Planning Commission D. Reserve bank of India

Description : Which of the following estimates National Income in India: A. Central Statistical Organisation B. National Income Committee C. Planning Commission D. Reserve bank of India

Last Answer : A. Central Statistical Organisation

In India, the organisation responsible for assessing the safety of introducing genetically modified organisms for public use is (1) Indian Council of Medical Research (ICMR) (2) Council for Scientific and Industrial Research (CSIR) (3) Research Committee on Genetic Manipulation (RCGM) (4) Genetic Engineering Appraisal Committee (GEAC)

Description : In India, the organisation responsible for assessing the safety of introducing genetically modified organisms for public use is (1) Indian Council of Medical Research (ICMR) (2) Council for ... 3) Research Committee on Genetic Manipulation (RCGM) (4) Genetic Engineering Appraisal Committee (GEAC)

Last Answer : (4) Genetic Engineering Appraisal Committee (GEAC)

National Income Estimates in India are prepared by: (1) National Development Council (2) National Productivity Council (3) National Income Committee (4) Central Statistical Organisation

Description : National Income Estimates in India are prepared by: (1) National Development Council (2) National Productivity Council (3) National Income Committee (4) Central Statistical Organisation

Last Answer : Central Statistical Organisation

Who prepared the first estimate of National Income for the country ? (1) Central Statistical Organisation (2) National Income Committee (3) Dadabhai Naoroji (4) National Sample Survey Organisation

Description : Who prepared the first estimate of National Income for the country ? (1) Central Statistical Organisation (2) National Income Committee (3) Dadabhai Naoroji (4) National Sample Survey Organisation 

Last Answer : Dadabhai Naoroji

When we classify managers according to their level in the organization they are described as _______. (a) Functional, staff and line managers (b) Top managers, middle managers and supervisors (c) High level and lower level managers ; (d) General managers and administrative managers

Description : When we classify managers according to their level in the organization they are described as _______. (a) Functional, staff and line managers (b) Top managers, middle managers and supervisors (c) High level and lower level managers ; (d) General managers and administrative managers

Last Answer : (b) Top managers, middle managers and supervisors 

The salient feature of functional organisation is (A) Strict adherence to specifications (B) Separation of planning and design part (C) Each individual maintains functional efficiency (D) All the above

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Last Answer : (D) All the above

In which of these areas might you face pressures? A. Working with colleagues from different functional areas within the organisation B. Meeting reporting deadlines C. Allocating bonuses D. all of the above

Description : In which of these areas might you face pressures? A. Working with colleagues from different functional areas within the organisation B. Meeting reporting deadlines C. Allocating bonuses D. all of the above

Last Answer : D. all of the above

In which of these areas might you face pressures? A. Working with colleagues from different functional areas within the organisation B. Meeting reporting deadlines C. Allocating bonuses D. All of the above

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Last Answer : D. All of the above

If you were a marketing manager, under which type of organisational structure would you most likely be working if your firm were a large business with centralised marketing operations? A)Organisation by type of customer B)Functional organisation C)Organisation by regions D)Organisation by products

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The main principle of an organisation, is (A) Unity of command (B) Effective control at all levels (C) Delegation of authority (D) All the above

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Which authority recommends the principles gov erring the grantsin-aid of the revenues of the States out of the Consolidated Fund of India? (1) Public Accounts Committee (2) Union Ministry of Finance (3) Finance Commission (4) Inter-State Council

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.If specific information comes to an auditor's attention that implies the existence of possible illegal acts that could have amaterial, but indirect effect on-the financialstatements, the auditor should nexta. Report the matter to an appropriate levelof management at least one level abovethose involved.b. Apply audit procedures specificallydirected to ascertaining whether anillegal act has occurred.c. Seek the advice of an informed expertqualified to practice law as to possiblecontingent liabilities.d. Discuss the evidence with the client'saudit committee, or others withequivalent authority.

Description : .If specific information comes to an auditor's attention that implies the existence of possible illegal acts that could have a material, but indirect effect on-the financial statements, the auditor ... d. Discuss the evidence with the client's audit committee, or others with equivalent authority.

Last Answer : Apply audit procedures specifically directed to ascertaining whether an illegal act has occurred

Who determines the amount of claim due to a creditor under the Insolvency and Bankruptcy Code, 2016? a) Committee of Creditors b) Resolution Professional c) Adjudicating Authority d) Corporate Debtor

Description : Who determines the amount of claim due to a creditor under the Insolvency and Bankruptcy Code, 2016? a) Committee of Creditors b) Resolution Professional c) Adjudicating Authority d) Corporate Debtor

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