This quiz works best with JavaScript enabled. Home > Cbse > Class 12 > Commerce > Business Studies > Class 12 Business Studies Chapter 2 Principles Of Management – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 2 Principles Of Management Quiz 5 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Universalist ethics typically advocate for strict compliance with both local laws and global ethical standards. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 2. What is the role of a general manager? A) To lead a project team. B) To handle financial audits. C) To manage a revenue-producing unit. D) To oversee a specific function. Show Answer Correct Answer: C) To manage a revenue-producing unit. 3. The expertise or talent needed in order to do a job is ..... A) Knowledge. B) Education. C) Labour. D) Skills. Show Answer Correct Answer: D) Skills. 4. Honesty and integrity are fundamental to management A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 5. When Elizabeth started work at Henderson Textile Co., she was amazed at its employees who would take 30-minute restroom breaks, leave for the day at 2 p.m. and generally belittle the company's management. Such employees' actions most likely develop as a result of a faulty ..... A) Organizational culture. B) General environment. C) Benchmark. D) None of the above. E) Response of an opportunity. Show Answer Correct Answer: A) Organizational culture. 6. Which management theorist introduced the concept of "14 Principles of Management" ? A) Henry Fayol. B) Elton Mayo. C) Peter F. Drucker. D) F. W. Taylor. Show Answer Correct Answer: A) Henry Fayol. 7. A group of individuals who are cooperating willingly and effectively with a common goal A) Organization. B) Forms. C) Business. D) None of the above. Show Answer Correct Answer: A) Organization. 8. As defined by Weber, the goal of bureaucracy is to ..... , Select one: A) Provide managers the general tools they need to assume the various managerial roles. B) Provide managers with the tools needed to adapt to different situations. C) Achieve an organization's goal in the most efficient way possible. D) Create synergy within the organization's departments. E) Create a sustainable nonfinancial motivation tool. Show Answer Correct Answer: C) Achieve an organization's goal in the most efficient way possible. 9. Identify the type of customer portrayed in the scenario:Dominic brings his clothes to the laundry shop every weekend. He always expects the owner to give him discounts since he is a loyal customer. A) Butterflies. B) Strangers. C) True Friends. D) Freeloaders. Show Answer Correct Answer: D) Freeloaders. 10. Types of Organizational Relationships includes:i. Chart and chain of commandii. Span of controliii. Authorityiv. Centralization and decentralization A) I, iii, & iv. B) I, ii, & iv. C) I, ii, & iii. D) I, ii, iii & iv. Show Answer Correct Answer: B) I, ii, & iv. 11. What is the focus of Peter Drucker's Management by Objectives? A) Setting specific, measurable goals. B) Decentralizing management. C) Fostering innovation. D) All of the above. Show Answer Correct Answer: D) All of the above. 12. Establishing performance standards and monitoring the progress of those standards. A) CONTROLLING. B) LEADING. C) PLANNING. D) ORGANIZING. Show Answer Correct Answer: A) CONTROLLING. 13. Which of the following is NOT one of Mintzberg's ten managerial roles? A) Financial Analyst. B) Entrepreneur. C) Disturbance Handler. D) Resource Allocator. Show Answer Correct Answer: A) Financial Analyst. 14. A ..... is responsible for facilitating performance, managing external relationships, and facilitating internal relationships all without a formal supervisors. This is called A) Team leader. B) Floor supervisor. C) Top manager. D) Middel manager. Show Answer Correct Answer: A) Team leader. 15. In ..... organization management and ownership need not be one and the same. A) Small. B) Medium. C) Large. D) Efficiency. Show Answer Correct Answer: C) Large. 16. Objectives means A) Goals are aims for the entity to achieve, expressed in narrative terms. B) They are broad intentions. C) Are derived from the goal of an entity and are aims expressed in a form that can be measured and there should be a specific time by which the objectives should be achieved. D) None of these. Show Answer Correct Answer: C) Are derived from the goal of an entity and are aims expressed in a form that can be measured and there should be a specific time by which the objectives should be achieved. 17. Personal authority comes from qualities like A) Intelligence. B) Moral Values. C) Instructions given from the boss. D) Both A and B. E) Both B and C. Show Answer Correct Answer: D) Both A and B. 18. Fieldler Contigency Model A) Coach. B) Task structure. C) Leader. D) Expert. Show Answer Correct Answer: B) Task structure. 19. Management-Focus on socio-ecological well-being ahead of maximizing financial-Poised to become dominant approach in future (especially among Millennials) A) Financial Bottom Line (FBL). B) Triple Bottom Line (TBL). C) Social and Ecological Thought (SET). D) None of the selection. Show Answer Correct Answer: C) Social and Ecological Thought (SET). 20. The process of selecting decision criteria is accomplished by: A) Flipping a coin to produce a-chance of being right. B) Massaging the data that will support a given decision. C) Determining what is relevant in making the decision. D) Examining the difference in the opportunities available. Show Answer Correct Answer: C) Determining what is relevant in making the decision. 21. Management is ..... in order to create a surplus. A) An art. B) A science. C) Both A & B. D) None of these. Show Answer Correct Answer: C) Both A & B. 22. Teamwork and continual improvement of work procedures and products are part of which type management? A) Total Quality Management (TQM). B) Global. C) Planning and leading strategies (PLS). D) Financial. Show Answer Correct Answer: A) Total Quality Management (TQM). 23. Every subordinate should receive orders from and be accountable to only one superior is ..... A) Unity of Direction. B) Unity of Command. C) Unity. D) Scalar Chain. Show Answer Correct Answer: B) Unity of Command. 24. An organization's leadership style shifts from authoritarian to participative. Which 7S element is changed? A) Strategy. B) Skills. C) Style. D) Staff. Show Answer Correct Answer: C) Style. 25. How are principles of management formed A) In a laboratory. B) By experience of manager. C) By experience of customers. D) Adaptation to changing technology. Show Answer Correct Answer: D) Adaptation to changing technology. 26. The method by which strategies are operational zed or executed within the organization is called: A) Strategy implementation. B) Strategy imitation. C) Strategy evaluation. D) Strategy formulation. Show Answer Correct Answer: A) Strategy implementation. 27. What is the main focus of merit rating? A) Evaluating job requirements. B) Analyzing market trends. C) Assessing employee performance. D) Determining wage structures. Show Answer Correct Answer: C) Assessing employee performance. 28. What is a feature of a transformational manager? A) Maintains the status quo. B) Likes a chain of command. C) Goes above and beyond to support and develop their employees in line with organisations objectives. D) Expects employees to be motivated via reward systems. Show Answer Correct Answer: C) Goes above and beyond to support and develop their employees in line with organisations objectives. 29. What is a significant trend in modern management practices? A) Centralized decision-making. B) Decreased use of technology. C) Emphasis on sustainability and social responsibility. D) Focus on short-term gains. Show Answer Correct Answer: C) Emphasis on sustainability and social responsibility. 30. At JKL Ltd, decisions are taken only by top management. This shows: A) Initiative. B) Centralisation. C) Order. D) Decentralisation. Show Answer Correct Answer: B) Centralisation. 31. Dividing work into tasks and each tasks are performed by trained employees. Which principle is this? A) Authority and responsibility. B) Division of work. C) Unity of direction. D) None of the above. Show Answer Correct Answer: B) Division of work. 32. Outside people bring in new ideas is advantage of what type of recruitment? A) External recruitment. B) Internal recruitment. C) All the above. D) None of the above. Show Answer Correct Answer: A) External recruitment. 33. Intrinsic factors such as achievement, recognition, and responsibility were related to job satisfaction A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 34. What is the main characteristic of 'Centralization' in an organization? A) Decisions are made by a committee. B) Employees have autonomy in decision-making. C) Decision-making is spread across all levels. D) All decisions are made by top management. Show Answer Correct Answer: D) All decisions are made by top management. 35. The specific departmental skills, knowledge, and experience allow one organization to outperform another. A) Core competency. B) Recruiting skills. C) Departmental skills. D) Hiring skills. Show Answer Correct Answer: A) Core competency. 36. Economic uncertainty, regulatory requirements, and new competitors are examples of what type of factors that affect managers? A) Internal factors. B) Intrapersonal factors. C) External factors. D) Interpersonal factors. Show Answer Correct Answer: C) External factors. 37. Leadership plays a crucial role in shaping the ethical climate of an organization. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 38. How does the veil of ignorance promote ethical decision-making in business? A) By promoting a perspective that prioritizes the well-being of all stakeholders, not just shareholders or a select group. B) By encouraging businesses to maximize profits at any cost. C) By focusing only on the interests of company executives. D) By ignoring the needs of employees and customers. Show Answer Correct Answer: A) By promoting a perspective that prioritizes the well-being of all stakeholders, not just shareholders or a select group. 39. The Middle Managers are given the designation of A) Managing Director. B) Division manager. C) Vice President. D) Supervisors. Show Answer Correct Answer: B) Division manager. 40. Staffing involves: A) Recruitment and selection. B) Control and supervision. C) Planning and organizing. D) Directing. Show Answer Correct Answer: A) Recruitment and selection. 41. Q 1. Which function of management is also known as Actuating function? A) Organising. B) Staffing. C) Planning. D) Directing. Show Answer Correct Answer: D) Directing. 42. Equity means ..... Justice. A) Physical. B) Social. C) Natural. D) Personal. Show Answer Correct Answer: B) Social. 43. Leadership styles findings from university of Iowa studies are A) Laissez-faire, democratic, autocratic. B) Democratic, autocratic, neopolotic. C) Autocratic, mesopolitic, laissez-faire. D) Democratic, automatic, laissez-faire. Show Answer Correct Answer: A) Laissez-faire, democratic, autocratic. 44. Who is credited with the original P-O-L-C framework? A) Mary Parker Follett. B) Henry Mintzberg. C) Carlene Reynolds. D) Henri Fayol. Show Answer Correct Answer: D) Henri Fayol. 45. The process of decision making do not involve A) Identifying. B) Analyzing. C) Developing. D) Basic and routine. Show Answer Correct Answer: D) Basic and routine. 46. Teamwork and harmony are promoted at ABC Ltd to achieve organizational goals. This indicates: A) Esprit de Corps. B) Discipline. C) Order. D) Unity of Direction. Show Answer Correct Answer: A) Esprit de Corps. 47. An increase in ..... can lead to opportunistic behavior in which one party benefits at the expense of the other. A) Consumer confidence indicators. B) Advocacy group activitiese. C) Industry regulation. D) Buyer dependence. E) Managerial commitment. Show Answer Correct Answer: D) Buyer dependence. 48. All other managerial functions are performed within the framework of the plans drawn. It means A) Planning focuses on achieving objectives. B) Planning is pervasive. C) Planning is a mental exercise. D) It is a primary functionof management;. Show Answer Correct Answer: D) It is a primary functionof management;. 49. Which management perspective focuses on the utilization of tools, techniques, and procedures specific to a particular field? A) Scientific Management. B) Quantitative Management Perspectives. C) Behavioral Management Perspectives. D) Classical Management Perspective. Show Answer Correct Answer: A) Scientific Management. 50. Traditional View of leadership is ..... ? A) Inspiring employees. B) Creating a vision. C) Shaping core values & culture. D) Command & Control. Show Answer Correct Answer: D) Command & Control. 51. Which principle emphasizes the importance of flexibility? A) Contingent. B) Scientific Decisions. C) General Guidelines. D) Behavioural. Show Answer Correct Answer: A) Contingent. 52. Frederick Taylor and Frank and Lillian Gilbreth were advocates of an approach to management involving the use of scientific method, known as: A) Management science. B) Scientific management. C) The contingency approach. D) The quantitative approach. Show Answer Correct Answer: B) Scientific management. 53. The last function of management is ..... A) Cotrolling. B) Organising. C) Staffing. D) Planning. Show Answer Correct Answer: A) Cotrolling. 54. When a manger made a decision and he is uncertain about the outcomes His decision is likely to be: A) Of Poor Quality. B) Risky. C) Unacceptable. D) Successful. Show Answer Correct Answer: B) Risky. 55. I should find the most suitable and best way to complete my work ..... It will give me time for following my hobbies ..... What should I do? A) Motion study. B) Time study. C) Method study. D) Fatigue study. Show Answer Correct Answer: C) Method study. 56. Which type of organization has no place in the organization chart? A) Strategic Organization. B) Informal Organization. C) Business or Organization. D) Formal Organization. Show Answer Correct Answer: B) Informal Organization. 57. Organization planning in an organization follows what type of planning? A) Strategic. B) Staffing. C) Standard. D) Leading. Show Answer Correct Answer: A) Strategic. 58. How many processes involve in management? A) 5. B) 6. C) 4. D) 7. Show Answer Correct Answer: B) 6. 59. Identify the one which is not the principles of organizing A) Rewards. B) Personal Ability. C) Balance. D) Simplicity. Show Answer Correct Answer: A) Rewards. 60. Organizing involves: A) Defining jobs and authority. B) Monitoring performance. C) Motivating employees. D) Taking corrective action. Show Answer Correct Answer: A) Defining jobs and authority. ← PreviousNext →Related QuizzesCommerce QuizzesClass 12 QuizzesClass 12 Business Studies Chapter 2 Principles Of Management Quiz 1Class 12 Business Studies Chapter 2 Principles Of Management Quiz 2Class 12 Business Studies Chapter 2 Principles Of Management Quiz 3Class 12 Business Studies Chapter 2 Principles Of Management Quiz 4Class 12 Business Studies Chapter 2 Principles Of Management Quiz 6Class 12 Business Studies Chapter 2 Principles Of Management Quiz 7Class 12 Business Studies Chapter 2 Principles Of Management Quiz 8Class 12 Business Studies Chapter 2 Principles Of Management Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books