This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 2 Principles Of Management – Quiz 37 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 2 Principles Of Management Quiz 37 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. When one party's consent has been caused as a result of mistake of law, the contract is: A) Voidable. B) Void. C) Unenforceable. D) Unlawful. Show Answer Correct Answer: B) Void. 2. Strategic planning is ..... A) Long Term Planning. B) Short Term Planning. C) Annual Planning. D) Unit Planning. Show Answer Correct Answer: A) Long Term Planning. 3. Ramesh, a team leader at XYZ Corp, is known for his autocratic leadership style. He makes all decisions without consulting his team members and expects strict obedience. Identify the management principle that Ramesh is not adhering to in his leadership approach. A) Initiative. B) Unity of Direction. C) Centralization. D) Subordination of Individual Interest to General Interest. Show Answer Correct Answer: D) Subordination of Individual Interest to General Interest. 4. Jasmine's Florist employs on average 112 people per year. Last year 22 people left. Calculate the labour turnover A) 19.6%. B) 18.6%. C) 16.6%. D) None of the above. Show Answer Correct Answer: A) 19.6%. 5. Which of the following is a crucial aspect of strategic planning? A) T is a broad concept that consists of business and corporate strategy. B) It is an overall concept that consists of strategy formulation and implementation. C) It is a broad concept that consists of environmental and internal analysis. D) It is a general concept that consists of business inputs and outputs. Show Answer Correct Answer: B) It is an overall concept that consists of strategy formulation and implementation. 6. Ethical business practices in CSR involve promoting fairness, transparency, and honesty in dealings with customers, employees, suppliers, and other stakeholders. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 7. Competitors have launched a new advertising campaign A) Strength. B) Weakness. C) Opportunity. D) Threats. Show Answer Correct Answer: D) Threats. 8. Planning requires application of the mind involving foresight, intelligent imagination and sound judgement. It means A) Planning is an intellectual process. B) Planning is pervasive. C) Planning focuses on achieving objectives. D) It is a primary functionof management;. Show Answer Correct Answer: A) Planning is an intellectual process. 9. Ram was getting instructions from eight superiors at the same time ..... Which principle is violated. A) Unity of command. B) Coordination. C) Functional foremansip. D) None of the above. Show Answer Correct Answer: A) Unity of command. 10. ..... can be changed or modified according to the situation. A) Universal application. B) Flexibility. C) Nature behaviour. D) Effect of relationship. Show Answer Correct Answer: B) Flexibility. 11. The principles are guidelines to action but do not provide readymade, straitjacket solutions to all managerial problems. This is so because: A) The application of principles can be changed as per requirements. B) Real business situations are very complex and dynamic and are a result of many factors. C) Principles are like different tools serving different purposes, the manager must decide which tool to use under what circumstances. D) All the above. Show Answer Correct Answer: B) Real business situations are very complex and dynamic and are a result of many factors. 12. Which method of job evaluation involves ranking jobs based on their requirements? A) Factor comparison method. B) Point rating method. C) Classification method. D) Ranking method. Show Answer Correct Answer: D) Ranking method. 13. Fulfilling ..... responsibility is one of the Significance of Principles of Management. A) Corporate. B) Social. C) Corporate Social. D) Consumer. Show Answer Correct Answer: B) Social. 14. What is the focus of the principle of Remuneration of Employees? A) Remuneration should be based on favoritism. B) Only salary matters, not benefits. C) Fair and adequate compensation for services. D) Employees should work for free. Show Answer Correct Answer: C) Fair and adequate compensation for services. 15. Employees are treated kindly but firmly. Which principle is involved? A) Equity. B) Discipline. C) Authority. D) Initiative. Show Answer Correct Answer: A) Equity. 16. Nearly all organizations that interact with their environment and depend on them for survival should be viewed as ..... A) Closed system. B) Covertn system. C) Synergistic systems. D) Open system. E) Entropoic system. Show Answer Correct Answer: D) Open system. 17. How many levels are there in Maslow's Hierarchy of Needs? A) 4. B) 5. C) 6. D) 7. Show Answer Correct Answer: B) 5. 18. What does the principle of Division of Work imply? A) Tasks should be completed without specialization. B) All employees should perform the same tasks. C) Tasks should be divided into smaller parts. D) Tasks should be assigned randomly. Show Answer Correct Answer: C) Tasks should be divided into smaller parts. 19. Durability refers to A) Life span before replacement. B) Full life. C) It's a guarantee. D) Service life. Show Answer Correct Answer: A) Life span before replacement. 20. A breach of contract A) Discharges the other party form performing his obligations. B) )Does not discharge the other party form performance. C) Gives one more chance to defaulting party to perform the contract. D) Is not recongnised under the India Law. Show Answer Correct Answer: A) Discharges the other party form performing his obligations. 21. A measure of how efficiently and effectively a manager uses resources to satisfy customers and achieve organizational goals. A) Goals. B) Organizational performance. C) Efficiently. D) Achievement. Show Answer Correct Answer: B) Organizational performance. 22. What was the position held by Fredrick Winslow Taylor at Midville Steel Company? A) Supervisor. B) Apprentice Machinist. C) Executive. D) Manager. Show Answer Correct Answer: C) Executive. 23. Which of the following is a characteristic of a team? (not a group) A) Has a designated strong leader. B) Holds individuals accountable. C) Sets identical purpose for group and organisation. D) Runs meetings that encourage open-ended discussion and problem solving. Show Answer Correct Answer: D) Runs meetings that encourage open-ended discussion and problem solving. 24. The United States has outsourced over a million jobs a year to other countries. What countries have been outsourced to the most? A) Mexico, Canada, and China. B) India, Indonesia, and China. C) Philippines, Guatemala, and China. D) Japan, China, and South Korea. E) China, Mexico, and India. Show Answer Correct Answer: B) India, Indonesia, and China. 25. Top managers are often reluctant to do which of the following? A) Hire new employees. B) Disclose the full extent of their compensation. C) Attend board meetings. D) Approve new projects. Show Answer Correct Answer: B) Disclose the full extent of their compensation. ← PreviousNext →Related 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 5Class 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 9Class 12 Business Studies Chapter 2 Principles Of Management Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books