The ‘Principle of Exception’ states that management should– (A) Check everything without exception (B) Invariably take corrective action without exception (C) Accept exceptions in emergencies (D) Concentrate their attention on exceptions

The ‘Principle of Exception’ states that management should– (A) Check everything without exception (B) Invariably take corrective action without exception (C) Accept exceptions in emergencies (D) Concentrate their attention on exceptions  
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Answer: Concentrate their attention on exceptions
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Management by exception implies focussing attention on– (A) All variations (B) Normal variations (C) Abnormal variations (D) Randomly selected variations

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Define exception. State built-in exceptions.

Description : Define exception. State built-in exceptions. 

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Last Answer : 1. the total of all costs incurred to assure the production and delivery of acceptable products and services.

What is the theory of social responsibility that focuses on how companies respond to issues, rather than trying to determine their ultimate social responsibility, called ? (A) Corporate social performance (B) Corporate social responsiveness (C) Stewardship principle (D) Enlightened self-interest

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Who are entitled to take part in the control and management of business in a company?

Description : Who are entitled to take part in the control and management of business in a company?

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The principle of ‘Unity of Command’ was introduced by– (A) Elton Mayo (B) Henry Fayol (C) F. W. Taylor (D) Urwick

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Which of the following errors are not disclosed by Trial Balance ? (A) Compensatory Errors (B) Errors of Principle (C) Errors of Omission (D) All the three

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Which statement is not true in respect of a Balance Sheet ? (A) It is an account (B) It is prepared every month (C) It is prepared to check the mathematical accuracy (D) All the above

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The Open Market Operations [OMOs] is an important tool of– (A) Forex management (B) Liquidity management (C) Inventory management (D) Marketing management

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What does management audit imply ? (A) Complete audit (B) Detailed audit (C) Efficiency audit (D) Interim audit

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Which is a document containing a rules and regulations for the internal management of the company?

Description : Which is a document containing a rules and regulations for the internal management of the company?

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If coils 'R1-R2-R3' at the receiver of figure 'B' shown in the illustration turned opposite of those in the transmitter by design, what corrective action should be taken? EL-0092 A. Reverse the 60 Hz supply connections to 'S1' and 'S2'. B. No action is needed. C. Interchange leads 'R1' and 'R3'. D. Interchange leads 'R2' and 'R3'.

Description : If coils 'R1-R2-R3' at the receiver of figure 'B' shown in the illustration turned opposite of those in the transmitter by design, what corrective action should be taken? EL-0092 A. Reverse the 60 Hz supply ... is needed. C. Interchange leads 'R1' and 'R3'. D. Interchange leads 'R2' and 'R3'.

Last Answer : Answer: B

If coils 'R1-R2-R3' at the receiver of figure 'B' shown in the illustration were in 180 degree error with those of the transmitter, what corrective action should be taken? EL-0092 A. Reverse the 60 Hz connections to 'S1' and 'S2'. B. No action is needed as this is proper operation. C. Interchange leads 'R1' and 'R3'. D. Interchange leads 'R2' and 'R3'.

Description : If coils 'R1-R2-R3' at the receiver of figure 'B' shown in the illustration were in 180 degree error with those of the transmitter, what corrective action should be taken? EL-0092 A. Reverse the 60 Hz ... is proper operation. C. Interchange leads 'R1' and 'R3'. D. Interchange leads 'R2' and 'R3'.

Last Answer : Answer: A

If coil 'R1-R2' at the receiver of figure 'A' shown in the illustration were in 180 degree error with respect to that of the transmitter, what corrective action should be taken? EL-0092 A. No action is necessary as this is proper operation. B. Reverse the 60 Hz supply connections at 'R1' and 'R2'. C. Interchange connections 'S1' and 'S2'. D. Interchange connections 'S1' and 'S3'.

Description : If coil 'R1-R2' at the receiver of figure 'A' shown in the illustration were in 180 degree error with respect to that of the transmitter, what corrective action should be taken? EL-0092 A. No action is ... and 'R2'. C. Interchange connections 'S1' and 'S2'. D. Interchange connections 'S1' and 'S3'.

Last Answer : Answer: B

If coils 'R1-R2-R3' at the receiver of figure 'B' shown in the illustration turned opposite of those in the transmitter, what corrective action should be taken to have both turn in the same direction? EL-0092 A. Reverse the 60 Hz supply connections to 'S1' and 'S2'. B. No action is needed. C. Interchange leads 'R1' and 'R3'. D. Interchange leads 'R2' and 'R3'.

Description : If coils 'R1-R2-R3' at the receiver of figure 'B' shown in the illustration turned opposite of those in the transmitter, what corrective action should be taken to have both turn in the same direction? EL-0092 A ... is needed. C. Interchange leads 'R1' and 'R3'. D. Interchange leads 'R2' and 'R3'.

Last Answer : Answer: C

If coil 'R1-R2' at the receiver of figure 'A' shown in the illustration turned opposite of that in the transmitter, what corrective action should be taken? EL-0092 A. No action is necessary as this is normal operation. B. Reverse 60 Hz supply connections to 'R1' and 'R2'. C. Interchange connections to 'S1' and 'S2'. D. Interchange connections to 'S1' and 'S3'.

Description : If coil 'R1-R2' at the receiver of figure 'A' shown in the illustration turned opposite of that in the transmitter, what corrective action should be taken? EL-0092 A. No action is necessary as this is ... . C. Interchange connections to 'S1' and 'S2'. D. Interchange connections to 'S1' and 'S3'.

Last Answer : Answer: D

First step in the controlling process is: a. Taking corrective action b. Analyzing the deviation c. Determining Standards d. Measurement of actual progress

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Last Answer : c. Determining Standards

A problem solver is a style of problem solving reflected by the manager (a) Who confronts the problem, reacts to it, and makes those changes necessary solve it. (b) Who notices a problem and does not react. (c) Who actively looks at situations, searching for problems or anticipating possible problems so that corrective action can be taken before the problem grows. ; (d) None of the above

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Last Answer : (a) Who confronts the problem, reacts to it, and makes those changes necessary solve it. 

Which of the following refers to a management tool for organizing personnel, facilities, equipment, and communication for any emergency situation? a) The Incident Command System The Incident Command System (ICS) is a management tool for organizing personnel, facilities, equipment and communication for any emergency situation. The federal government mandates that the ICS be used during emergencies. Under this structure, one person is designated as incident commander. This person must be continuously informed of all activities and informed about any deviation from the established plan. While the ICS is primarily a field structure and process, aspects of it are used at the level of an individual hospital’s emergency response plan as well.

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Last Answer : a) The Incident Command System The Incident Command System (ICS) is a management tool for organizing personnel, facilities, equipment and communication for any emergency situation. The federal government mandates ... are used at the level of an individual hospital's emergency response plan as well.

The corrective actions after the analysis of variances has to be taken by A. Cost accountant B. Management C. Both a and b D. None of the above

Description : The corrective actions after the analysis of variances has to be taken by A. Cost accountant B. Management C. Both a and b D. None of the above

Last Answer : B. Management

Articles of Association can be altered by passing– (A) An ordinary resolution in Annual General Meeting (B) A special resolution in Annual General Meeting (C) A resolution with special notice (D) Without any resolution

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Last Answer : Answer: A special resolution in Annual General Meeting