Description : Strategic Management focusses on integrating functions such as Marketing, Finance / Accounting, Production / Operations, R & D and Info.Systems to achieve Orgnl. success
Last Answer : True
Description : The five elements in the management process are (a) plan, direct, update, lead, and supervise (b) accounting/finance, marketing, operations, and management (c) organize, plan, control, staff, and manage (d) plan, lead, organize, manage, and control
Last Answer : (d) plan, lead, organize, manage, and control
Description : Which of the following are the primary functions of all organizations? (a) operations, marketing, and human resources (b) marketing, human resources, and finance/accounting (c) sales, quality control, and operations (d) research and development, finance/accounting, and purchasing
Last Answer : (a) operations, marketing, and human resources
Description : The responsibilities of the operations manager include (a) planning, organizing, staffing, procuring, and reviewing (b) forecasting, designing, planning, organizing, and controlling (c) planning, organizing, staffing, leading, and controlling ; (d) designing and operating
Last Answer : (c) planning, organizing, staffing, leading, and controlling ;
Description : Which of the following functions or activities requires recruiting and placing qualified personnel needed for the organization so that it may achieve its objectives and goals? (a) Planning ; (b) Staffing ; (c) Organizing ; (c) Controlling
Last Answer : (b) Staffing ;
Description : Which of the following are easier for management to influence and change during strategy implementation? A. Staffing B. Style of Leadership C. Structure D. Skills
Last Answer : Structure
Description : Which of the following is not one of the four primary management functions? (a) Controlling ; (b) Planning ; (c) Staffing ; (d) Organizing
Last Answer : ; (c) Staffing ;
Description : Which of the following is not an element of the management process? (a) pricing ; (b) staffing ; (c) planning ; (d) leading
Last Answer : (a) pricing ;
Description : ___________ involves allocating resources by detailing what activities haveto be done, the order in which they are to be completed, who is to do each,and when they are to be complete(d) (a) Benchmarking ; (b) Budgeting ; (c) Scheduling ; (d) Competitor intelligence
Last Answer : (b) Budgeting ;
Description : Who among the following is associated with contributions to quality control in operations management? (a) Charles Babbage ; (b) Frank Gilbreth ; (c) W. Edwards Deming ; (d) Henri Fayol
Last Answer : (c) W. Edwards Deming ;
Description : Current trends in operations management include all of the following except (a) Just-in-time performance ; (b) rapid product development ; (c) mass customization (d) mass production
Last Answer : (d) mass production
Description : Walter Shewhart is listed among the important people of operations management because of his contributions to (a) assembly line production ; (b) measuring the productivity in the service sector (c) statistical quality control ; (d) all of the above
Last Answer : (c) statistical quality control ;
Description : A system of control where persons are made responsible for control of cost a) Cost control b) Production control c) Responsibility accounting d) Budgeting
Last Answer : c) Responsibility accounting
Description : Which of the following could be defined as a multinational company? A. A firm that owns shares in a foreign company but does not participate in the company's decision making. B. A UK based internet ... origin. D. A finance company transferring its HQ and all its activities from the UK to the US.
Last Answer : A firm owning a chain of supermarket outlets outside its country of origin.
Description : Tool of farm management is — a. Farm planning b. Farm budgeting c. Farm book keeping d. Production cost function
Last Answer : c. Farm book keeping
Description : Which of the following statements is a wrong statement under Value Chains ? A. Technology development is a support activity B. Marketing & Sales is a support activity C. Operations are ... Inputs into Final Product or Service D. Procurement is a support activity which deals with Vendors
Last Answer : Marketing & Sales is a support activity
Description : …… is a tool to estimate the cost or necessary efforts for projects, work packages or activities in project management. 1. Cost budgeting 2. cost control 3. Cost analysis 4. Resource Planning
Last Answer : Cost budgeting
Description : Identify the incorrect statement in connection with working capital management. A. Long-term funds are more expensive than short-term funds but also riskier B. The objectives of ... fluctuating current assets E. Aggressive financing policies increase profitability at the cost of higher risk
Last Answer : A. Long-term funds are more expensive than short-term funds but also riskier
Description : Disaster management is aimed ata. Resettling people in the closest unaffected urban area a. Resettling people in the closest unaffected urban area b. Collection of valuable data for future ... a future disaster d. Restoring a communitys services, facilities and residences to pre-disaster levels
Last Answer : d. Restoring a communitys services, facilities and residences to pre-disaster levels
Description : In pursuing its quality control objectives with respect to assigning personnel to engagements, a public accounting firm may use policies and procedures such as a. Rotating employees from ... the staffing requirements of specific engagements so that enough qualified personnel can be made available
Last Answer : Requiring timely identification of the staffing requirements of specific engagements so that enough qualified personnel can be made available
Description : The management of people/labor should be handled by what department in an organization? (a) Administration ; (b) Human Resources ; (c) Information Systems ; (d) Accounting
Last Answer : (b) Human Resources ;
Description : In case of joint products, the main objective of accounting of the cost is to apportion the joint costs incurred up to the split off point. For cost apportionment one company has chosen Physical Quantity Method. Three joint ... 20,000 (b) Rs. 60,000 (c) Rs. 1,80,000 (d) None of the these
Last Answer : (c) Rs. 1,80,000
Description : Mr. (A) is a manager in a manufacturing company, he attempts to establish a culture of quality affecting the attitudes and actions of every employee and relies on a workforce that wants to ... Management ; (b) Knowledge management ; (c) Operations Management (d) Management of Information System
Last Answer : (c) Operations Management
Description : All of the following decisions fall within the scope of operations management except for…… (a) financial analysis ; (b) design of products and processes (c) location of facilities ; (d) all of the above fall within the scope of operations management
Last Answer : (a) financial analysis ;
Description : The field of operations management is shaped by advances in which of the following fields? (a) chemistry and physics ; (b) industrial engineering and management science (c) information sciences ; (d) all of the above
Last Answer : (d) all of the above
Description : Taylor and Deming would have both agreed that (a) Whirlpool's global strategy is a good one (b) Eli Whitney was an important contributor to statistical theory (c) Management must do more to ... be improved (d) The era of Operations Management will be succeeded by the era of scientific management
Last Answer : (c) Management must do more to improve the work environment and its processes so that quality can be improved
Description : Henry Ford is noted for his contributions to (a) standardization of parts ; (b) statistical quality control ; (c) assembly line operations (d) scientific management
Last Answer : (c) assembly line operations
Description : Operations management is applicable (a) mostly to the service sector ; (b) mostly to the manufacturing sector (c) to manufacturing and service sectors ; (d) to the manufacturing sector exclusively
Last Answer : (c) to manufacturing and service sectors ;
Description : Which of the following is typically NOT seen as being associated with strategic decision ? A. The Organization's long term direction B. The detailed planning of a Department's work over the ... and expectations of powerful players in the Organization D. The scope of the Organization's activities
Last Answer : The detailed planning of a Department’s work over the next month
Description : The primary function of the Finance Commission in India is to - (1) Distribute revenue between the centre and the state. (2) Advise the president on financial matters (3) Advise the president on financial matters. (4) Allocate funds to various ministries of the Union and state Governments.
Last Answer : (3) Advise the president on financial matters. Explanation: The finance commission can only advise the president on financial matters such as distribution of the net proceeds of taxes between the Union and the states.
Description : Which of the following activities is covered by Disaster management before, during or after a disaster? a) Reconstruction and Rehabilitation b) Mitigation c) Emergency response d) All the above
Last Answer : d) All the above
Description : Which is the nodal agency at the Indian Union Government for coordinating disaster management activities for all natural hazards? a. Minister of Home affairs b. Ministry of social justice and Empowerment c. Ministry of Science and Technology d. Ministry of Environment and Forests
Last Answer : a. Minister of Home affairs
Description : For coordinating disaster management activities for all natural hazards, the Nodal Agency at the Central Govt is the? a. Ministry of Home Affairs b. Ministry of Rural Development c. Ministry of Communication d. Ministry of Urban Ministry
Last Answer : a. Ministry of Home Affairs
Description : Which of the following activities is covered by Disaster Management before, during or after a disaster? a. Reconstruction and Rehabilitation b. Mitigation c. Emergency response d. All the above
Last Answer : d. All the above
Description : What are the major Hazard/disaster management related activities? a. Preparedness b. Response c. Recovery d. All of the above
Last Answer : d. All of the above
Description : The following is NOT a benefit of Strategic Management A. Resistance to change is reduced B. Reduces gaps/overlaps in activities among employees C. All of these options are correct D. Formulates a clear defect reduction plan in the quality department
Last Answer : Formulates a clear defect reduction plan in the quality department
Description : In the context of strategic management, stakeholders can be defined as: a) An individual or group with a financial stake in the organization b) An external individual or group that is able to ... individual or group with an interest in the organization's activities and who seeks to influence them
Last Answer : An individual or group with an interest in the organization's activities and who seeks to influence them
Description : The Strategic Management Process is ------------- : A. A set of activities that is guaranteed to prevent Organizational failure B. A process concerned with a Firm's Resources, ... D. A dynamic process involving the full set of commitments, decisions and actions related to the Company
Last Answer : A dynamic process involving the full set of commitments, decisions and actions related to the Company
Description : The ____________________ and ____________________ manage the supplier relations, monitor the vendor activities and manage the supplier quality in an organisation. A. Supplier management, ... processes C. Supplier management, control processes D. Supplier maintenance, customisation processes
Last Answer : C. Supplier management, control processes
Description : The major benefit of having employees participate in goal setting is: (a) That it provides the company with greater financial stability. (b) That it appears to induce employees to accomplish more difficult ... type of system. (d) That it provides more time for management to pursue other activities.
Last Answer : (b) That it appears to induce employees to accomplish more difficult goals and tasks.
Description : A CPA is in public accounting practice when he/she a. Holds, or is appointed to, in an accounting professional group in government or in a government-owned and/or controlled ... advisory services, accounting aspect of finance, business law, taxation, and other technically related subjects
Last Answer : Represents his/her clients before government agencies on tax and other matters related to accounting
Description : A sound capital budgeting technique is based on: A. Cash Flows B. Accounting Profit C. Interest rate on borrowings D. Last dividend paid
Last Answer : A. Cash Flows
Description : The estimated benefits from a capital budgeting project are expected as cash flows rather than income flows because . A. it is more difficult to calculate income flows than cash flows B. it ... is central to the firm's capital budgeting decision C. this is required by the accounting profession
Last Answer : B. it is cash, not accounting income, that is central to the firm's capital budgeting decision
Description : In proper capital budgeting analysis we evaluate incremental cash flows. A. accounting B. operating C. before-tax D. financing
Last Answer : B. operating
Description : A system where accounting is established with responsibility a) Responsibility accounting b) Financial accounting c) Cost accounting d) Budgeting
Last Answer : a) Responsibility accounting
Description : The risk of material financial statement misstatement may be greater when the following conditions exist except a. When there is greater management intervention to specify the accounting treatment. ... for data collection and processing. d. Complex calculations or accounting principles is involved
Last Answer : When there is sufficient personnel with appropriate accounting and financial reporting skills
Description : Typically, in a global product structure: a) adaptation to local needs is high. b) marketing is the most important function. c) marketing is subservient to operations. d) operation is subservient to marketing
Last Answer : marketing is subservient to operations.
Description : Which of the following would not be an operations function in a fast-food restaurant? (a) making hamburgers and fries ; (b) advertising and promotion (c) maintaining equipment ; (d) designing the layout of the facility
Last Answer : Is not a step in new product Development process?
Description : The basis of farm budgeting is: (A)production function analysis (B) Linear programming (C) Cost – benefit analysis (D) Farm planning
Last Answer : (C) Cost – benefit analysis
Description : Warning signs that cause the auditor to question management integrity must be taken seriously and pursued vigorously. Which of the following may lead the auditor to suspect management ... with the controller for the purpose of discussing accounting practices that will maximize reported profits
Last Answer : The president and chief executive officer of the client corporation has held numerous meetings with the controller for the purpose of discussing accounting practices that will maximize reported profits