Management by exception implies focussing attention on– (A) All variations (B) Normal variations (C) Abnormal variations (D) Randomly selected variations

Management by exception implies focussing attention on– (A) All variations (B) Normal variations (C) Abnormal variations (D) Randomly selected variations  
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Answer: Abnormal variations
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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

Description : 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

Last Answer : Answer: Concentrate their attention on exceptions

Application of Theory ‘X’ implies practising of– (A) Free leadership (B) Democratic leadership (C) Autocratic leadership (D) None of the above

Description : Application of Theory ‘X’ implies practising of– (A) Free leadership (B) Democratic leadership (C) Autocratic leadership (D) None of the above

Last Answer : Answer: Autocratic leadership

.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

750 families with 3 children were selected randomly and the following data recorded If a family member is chosen at random, compute the probability that it has : -Maths 9th

Description : 750 families with 3 children were selected randomly and the following data recorded If a family member is chosen at random, compute the probability that it has : -Maths 9th

Last Answer : (i) P(no boy child) =100 / 750 = 2 / 15 (ii) P (no girl child) = 120 /750 =4 / 25

750 families with 3 children were selected randomly and the following data recorded If a family member is chosen at random, compute the probability that it has : -Maths 9th

Description : 750 families with 3 children were selected randomly and the following data recorded If a family member is chosen at random, compute the probability that it has : -Maths 9th

Last Answer : (i) P(no boy child) =100 / 750 = 2 / 15 (ii) P (no girl child) = 120 /750 =4 / 25

If three natural numbersfrom 1 to 100 are selected randomly, then the probability that all are divisible by both 2 and 3 is -Maths 9th

Description : If three natural numbersfrom 1 to 100 are selected randomly, then the probability that all are divisible by both 2 and 3 is -Maths 9th

Last Answer : (c) \(rac{4}{1155}\)Let n(S) = Number of ways of selecting 3 numbers from 100 numbers = 100C3 Let E : Event of selecting three numbers divisible by both 2 and 3 from numbers 1 to 100 = Event of selecting three ... C_3}{^{100}C_3}\) = \(rac{16 imes15 imes14}{100 imes99 imes98}\) = \(rac{4}{1155}\).

Three letters are randomly selected from the 26 capital letters of the English alphabet. -Maths 9th

Description : Three letters are randomly selected from the 26 capital letters of the English alphabet. -Maths 9th

Last Answer : (d) \(rac{36}{1001}\)Required probability = \(rac{P( ext{2 blue balls}) imes{P}( ext{2 red balls})}{P( ext{4 balls out of 14 balls})}\) + \(rac{P( ext{2 green balls}) imes{P}( ext{2 black balls})}{P( ext{4 out of 14 balls})}\)

In a large population, 54 % of the people have been vaccinated. If 5 people are randomly selected, what is the probability that AT LEAST ONE of them has been vaccinated?

Description : In a large population, 54 % of the people have been vaccinated. If 5 people are randomly selected, what is the probability that AT LEAST ONE of them has been vaccinated?

Last Answer : We will use Q and P to help solve this problem with Q representing the possibility that none of the randomly selected people are vaccinated and P representing the possibility that at least 1 randomly selected ... -0.0206=0.9794. The probability that at least 1 person has been vaccinated is 0.9794.

A planning phase for an engineering component generated 80 engineering drawings. The QA team randomly selected 8 drawings for inspection. This exercise can BEST be described as example of: A. Inspection B. Statistical Sampling C. Flowcharting D. Control Charting

Description : A planning phase for an engineering component generated 80 engineering drawings. The QA team randomly selected 8 drawings for inspection. This exercise can BEST be described as example of: A. Inspection B. Statistical Sampling C. Flowcharting D. Control Charting

Last Answer : B. Statistical Sampling

.A planning phase for an engineering component generated 80 engineering drawings. The QA team randomly selected 8 drawings for inspection. This exercise can BEST be described as example of:A. Inspection B. Statistical Sampling C. Flowcharting D. Control Charting

Description : .A planning phase for an engineering component generated 80 engineering drawings. The QA  team randomly selected 8 drawings for inspection. This exercise can BEST be described as  example of: A. Inspection B. Statistical Sampling C. Flowcharting D. Control Charting

Last Answer : B. Statistical Sampling

In a recent research study initiated by Tel-E-Fone Telecommunications, survey calls were made to a randomly selected group in which every member has an equal chance of selection. This type of sample selection is called A. Probability sample B. Convenience sample C. Judgment sample D. Quota sample E. Area sample

Description : In a recent research study initiated by Tel-E-Fone Telecommunications, survey calls were made to a randomly selected group in which every member has an equal chance of selection. This type of sample selection ... sample B. Convenience sample C. Judgment sample D. Quota sample E. Area sample

Last Answer : A. Probability sample

Message can be sent more securely using DES by a. encrypting plain text by a different randomly selected key for each transmission b. encrypting plain text by a different random key for each message transmission and sending the key to the receiver using a public key system c. using an algorithm to implement DES instead of using hardware d. designing DES with high security and not publicizing algorithm used by it

Description : Message can be sent more securely using DES by a. encrypting plain text by a different randomly selected key for each transmission b. encrypting plain text by a different random key for each ... instead of using hardware d. designing DES with high security and not publicizing algorithm used by it  

Last Answer : b. encrypting plain text by a different random key for each message transmission and sending the key to the receiver using a public key system

What is the probability that a randomly selected bit string of length 10 is a palindrome? (A) 1/64 (B) 1/32 (C) 1/8 (D) ¼

Description : What is the probability that a randomly selected bit string of length 10 is a palindrome? (A) 1/64 (B) 1/32 (C) 1/8 (D) ¼

Last Answer : (B) 1/32

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

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

Last Answer : Answer: Liquidity management

Which one of the following functions is served most by information technology ? (A) Replacement of human labour (B) Provision for a handle to the management to improve industrial relations (C) Substitution of human information processing (D) Rationalisation of office work

Description : Which one of the following functions is served most by information technology ? (A) Replacement of human labour (B) Provision for a handle to the management to improve industrial relations (C) Substitution of human information processing (D) Rationalisation of office work

Last Answer : Answer: Rationalisation of office work

Which one of the following is the most appropriate task of office management ? (A) Creation of profit centre (B) Creation of control centre (C) Making office supplies available (D) Supervision of production Quality Control

Description : Which one of the following is the most appropriate task of office management ? (A) Creation of profit centre (B) Creation of control centre (C) Making office supplies available (D) Supervision of production Quality Control

Last Answer : Answer: Creation of control centre

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

Hawthorne studies have underlined the significance of which of the following ? (A) System approach to management (B) Contingency approach to management (C) Modern approach to management (D) Human relations approach to management.

Description : Hawthorne studies have underlined the significance of which of the following ? (A) System approach to management (B) Contingency approach to management (C) Modern approach to management (D) Human relations approach to management.

Last Answer : Answer: Human relations approach to management.

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

The matrix management model is based on a matrix of values between 0 and 9 for two primary variables. 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 : The matrix management model is based on a matrix of values between 0 and 9 for two primary variables. 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 is Father of Scientific Management ? (A) Henry Fayol (B) Elton Mayo (C) Chester Bernard (D) F. W. Taylor

Description : Who is Father of Scientific Management ? (A) Henry Fayol (B) Elton Mayo (C) Chester Bernard (D) F. W. Taylor

Last Answer : Answer: F. W. Taylor

Internal activity of a company is going to be performed according to established regulations. This assumption is provided as a right by– (A) Doctrine of Indoor Management (B) Doctrine of Constructive Notice (C) Doctrine of Ultravires (D) Doctrine of Intravires

Description : Internal activity of a company is going to be performed according to established regulations. This assumption is provided as a right by– (A) Doctrine of Indoor Management (B) Doctrine of Constructive Notice (C) Doctrine of Ultravires (D) Doctrine of Intravires

Last Answer : Answer: Doctrine of Indoor Management

Share Premium received by a Company may be used for– (A) Payment of dividend (B) Payment of remuneration to management (C) Issue of Bonus shares (D) None of these

Description : Share Premium received by a Company may be used for– (A) Payment of dividend (B) Payment of remuneration to management (C) Issue of Bonus shares (D) None of these

Last Answer : Answer: Issue of Bonus shares

The primary function of an office is– (A) Making, using and preserving records (B) Remunerating personnel (C) Carrying out management policies (D) Safeguarding organization’s assets

Description : The primary function of an office is– (A) Making, using and preserving records (B) Remunerating personnel (C) Carrying out management policies (D) Safeguarding organization’s assets

Last Answer : Answer: Making, using and preserving records

Who is called ‘The Father of Scientific Management’ ? (A) Elton Mayo (B) Henry Fayol (C) E. F. L. Breach (D) F. W. Taylor

Description : Who is called ‘The Father of Scientific Management’ ? (A) Elton Mayo (B) Henry Fayol (C) E. F. L. Breach (D) F. W. Taylor

Last Answer : Answer: F. W. Taylor

MBO approach in management was introduced by– (A) M. P. Follet (B) Keith Davis (C) Peter Drucker (D) Oliver Sheldon

Description : MBO approach in management was introduced by– (A) M. P. Follet (B) Keith Davis (C) Peter Drucker (D) Oliver Sheldon

Last Answer : Answer: Peter Drucker

Planning function of management is performed by– (A) Top management (B) Middle management (C) Lower management (D) All of the above

Description : Planning function of management is performed by– (A) Top management (B) Middle management (C) Lower management (D) All of the above

Last Answer : Answer: All of the above

Which management functions are closely related to ? (A) Planning and Organising (B) Organising and Staffing (C) Staffing and Control (D) Planning and Control

Description : Which management functions are closely related to ? (A) Planning and Organising (B) Organising and Staffing (C) Staffing and Control (D) Planning and Control

Last Answer : Answer: Planning and Control

The Branch of Accounting which is concerned with the processing and presenting data for decision making is known as– (A) Common Dollar Accounting (B) Social Accounting (C) Cost Accounting (D) Management Accounting

Description : The Branch of Accounting which is concerned with the processing and presenting data for decision making is known as– (A) Common Dollar Accounting (B) Social Accounting (C) Cost Accounting (D) Management Accounting

Last Answer : Answer: Management Accounting

Internal Auditor is appointed by the– (A) Management (B) Shareholders (C) Government (D) Statutory Auditor

Description : Internal Auditor is appointed by the– (A) Management (B) Shareholders (C) Government (D) Statutory Auditor

Last Answer : Answer: Management

Which one of the following statements is correct ? (A) Internal audit and Management audit are the same (B) Internal audit and statutory audit are the same (C) Internal audit is compulsory in all cases (D) Statutory audit of company accounts is compulsory

Description : Which one of the following statements is correct ? (A) Internal audit and Management audit are the same (B) Internal audit and statutory audit are the same (C) Internal audit is compulsory in all cases (D) Statutory audit of company accounts is compulsory

Last Answer : Answer: Statutory audit of company accounts is compulsory

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

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

Last Answer : Answer: Efficiency audit

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?

Last Answer : The article of association

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?

Last Answer : The board of directors elected by the shareholders

If super profit is Rs. 4‚000 and normal rate of return is 8 per cent, the amount of goodwill will be– (A) Rs. 40‚000 (B) Rs. 50‚000 (C) Rs. 4‚00‚000 (D) Rs. 5‚000

Description : If super profit is Rs. 4‚000 and normal rate of return is 8 per cent, the amount of goodwill will be– (A) Rs. 40‚000 (B) Rs. 50‚000 (C) Rs. 4‚00‚000 (D) Rs. 5‚000

Last Answer : Answer: Rs. 50‚000

The solubility of most proteins is lowered at high salt concentrations is called as (A) Salting in process (B) Salting out process (C) Isoelectric focussing(D) None of these

Description : The solubility of most proteins is lowered at high salt concentrations is called as (A) Salting in process (B) Salting out process (C) Isoelectric focussing(D) None of these

Last Answer : Answer : B

This technique takes the advantage of the fact that each protein has different pH at which it is electrically neutral i.e., its isoelectric pH: (A) Isoelectric focussing (B) Immunoel Ectro Phoresis (C) Chromatography (D) HPLC

Description : This technique takes the advantage of the fact that each protein has different pH at which it is electrically neutral i.e., its isoelectric pH: (A) Isoelectric focussing (B) Immunoel Ectro Phoresis (C) Chromatography (D) HPLC

Last Answer : Answer : A

An internal focussing type surveying telescope, may be focussed by the movement of (A) Objective glass of the telescope (B) Convex-lens in the telescope (C) Concave lens in the telescope (D) Plano-convex lens in the telescope

Description : An internal focussing type surveying telescope, may be focussed by the movement of  (A) Objective glass of the telescope  (B) Convex-lens in the telescope  (C) Concave lens in the telescope  (D) Plano-convex lens in the telescope

Last Answer : (C) Concave lens in the telescope 

Removal of parallax, may be achieved by focussing (A) The objective (B) The eye-piece (C) The objective and the eye-piece (D) None of these

Description : Removal of parallax, may be achieved by focussing  (A) The objective  (B) The eye-piece  (C) The objective and the eye-piece  (D) None of these 

Last Answer : (C) The objective and the eye-piece 

In a telescope the object glass of focal length 14 cm, is located at 20 cm from the diaphragm. The focussing lens is midway between them when a staff 16.50 m away is focussed. The focal length of the focussing lens, is (A) 5.24 cm (B) 6.24 cm (C) 7.24 cm (D) 8.24 cm

Description : In a telescope the object glass of focal length 14 cm, is located at 20 cm from the diaphragm. The focussing lens is midway between them when a staff 16.50 m away is focussed. The focal length of the focussing lens, is (A) 5.24 cm (B) 6.24 cm (C) 7.24 cm (D) 8.24 cm

Last Answer : (C) 7.24 cm

Which management concept suggests that low-importance decisions be handled by subordinates, so that managers can focus on high-importance decisions? (a) management by objective ; (b) management by exception ; (c) Participatory management (d) inclusionary management

Description : Which management concept suggests that low-importance decisions be handled by subordinates, so that managers can focus on high-importance decisions? (a) management by objective ; (b) management by exception ; (c) Participatory management (d) inclusionary management

Last Answer : (b) management by exception ;

Are variations in blood pressure readings in the same sitting normal?

Description : Are variations in blood pressure readings in the same sitting normal?

Last Answer : answer:Yes, variations are normal, particular if you take the second reading immediately following the first one. When you take your blood pressure you squeeze a band of pressure around your arm. It takes ... of points lower. That being said, the variation in the readings you show are not that big.

Is it obvious or not obvious why some stores charge customers (annual for eg.) a fee in order to sell them their products?

Description : Is it obvious or not obvious why some stores charge customers (annual for eg.) a fee in order to sell them their products?

Last Answer : I worked in a grocery store that was a Franchise and that company charges a fee to have the ideal placement on the shelves, or near the cash register , knowing that some people (or most) buy on impulse. That is why adverting of a product with colorful and eye catching themes becomes very important .

If the purchases made during the year were Rs. 60,000, the balance of stock in trade at the beginning and at the end of the year were Rs. 12,000 and Rs. 9,000 respectively and the gross profit on sales was 1/5th, when which one of the following represents the figure of gross profit for the year ? (A) Rs. 15,750 (B) Rs. 14,000 (C) Rs. 12,500 (D) Rs. 17,250

Description : If the purchases made during the year were Rs. 60,000, the balance of stock in trade at the beginning and at the end of the year were Rs. 12,000 and Rs. 9,000 respectively and the gross profit on sales was 1/5th, when which ... year ? (A) Rs. 15,750 (B) Rs. 14,000 (C) Rs. 12,500 (D) Rs. 17,250

Last Answer : Answer: Rs. 12,500

The loss on the sale of old furniture is debited to– (A) profit & loss account (B) furniture account (C) trading account (D) depreciation account

Description : The loss on the sale of old furniture is debited to– (A) profit & loss account (B) furniture account (C) trading account (D) depreciation account

Last Answer : Answer: profit & loss account

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

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

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 Stock Exchange was the first to introduce a transparent, screen-based trading system in the wholesale debt market including govt. securities in 1994 ? (A) Bombay Stock Exchange (B) Delhi Stock Exchange (C) National Stock Exchange (D) Jaipur Stock Exchange

Description : Which Stock Exchange was the first to introduce a transparent, screen-based trading system in the wholesale debt market including govt. securities in 1994 ? (A) Bombay Stock Exchange (B) Delhi Stock Exchange (C) National Stock Exchange (D) Jaipur Stock Exchange

Last Answer : Answer: National Stock Exchange

Which one of the following statements is false ? (A) The Open Market Operations involve the sale or purchase of govt. securities by the Central Bank (B) The RBI manages longterm liquidity through rapos (C) The RBI manages longterm liquidity through Open Market Operations (D) Open Market Operations do not alter the total stock of govt. securities but change the proportion of govt. securities held by the RBI, Commercial Banks and Co-operative Banks

Description : Which one of the following statements is false ? (A) The Open Market Operations involve the sale or purchase of govt. securities by the Central Bank (B) The RBI manages longterm liquidity through ... change the proportion of govt. securities held by the RBI, Commercial Banks and Co-operative Banks

Last Answer : Answer: The RBI manages longterm liquidity through rapos