This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 2 Principles Of Management – Quiz 57 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 2 Principles Of Management Quiz 57 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Management-Focus on maximizing organizations' financial performance-The dominant approach in the past century 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: A) Financial Bottom Line (FBL). 2. Organizing fun runs and sports festivals to foster teamwork reflects what principle? A) Unity of Direction. B) Esprit de Corps. C) Authority and Responsibility. D) Remuneration. Show Answer Correct Answer: B) Esprit de Corps. 3. Managers need to understand or predict the external changes and trends affecting their business. The rate at which a company's general and specific environments change is referred to as A) Simple Environments. B) Enviroment change. C) None of the above. D) Resource scarcity. E) Existing forces. Show Answer Correct Answer: B) Enviroment change. 4. ..... is the most basic for all management functions. A) Controlling. B) Planning. C) Directing. D) Organizing. Show Answer Correct Answer: B) Planning. 5. The problem-solving process begins with ..... A) Isolation of the cause. B) Identification of the difficulty. C) Establishment of alternatives. D) Clarification of the situation. Show Answer Correct Answer: B) Identification of the difficulty. 6. Principles of management are A) ABSOLUTE. B) FLEXIBLE. C) RIGID. D) ALL OF THE ABOVE. Show Answer Correct Answer: B) FLEXIBLE. 7. The objectives in corporate governance are? A) Growth. B) Shareholder. C) Stability. D) All of the above. Show Answer Correct Answer: D) All of the above. 8. What is the main focus of virtue ethics in business? A) Maximizing profit. B) Development of virtuous character traits as the key to ethical behavior. C) Following rules and regulations. D) Avoiding self-interest. Show Answer Correct Answer: B) Development of virtuous character traits as the key to ethical behavior. 9. Which management thinker introduced the 14 principles of management? A) Max Weber. B) Henri Fayol. C) F.W. Taylor. D) Chester Barnard. Show Answer Correct Answer: B) Henri Fayol. 10. Limits number of potential applicants is a con of which type of recruitment? A) External recruitment. B) Internal recruitment. C) All the above. D) None of the above. Show Answer Correct Answer: B) Internal recruitment. 11. ..... means of authority from the top level to the lower level for the purpose of communication A) Order. B) Scalar chain. C) Command. D) Equality. Show Answer Correct Answer: B) Scalar chain. 12. In management, the various roles that managers are called on to perform are defined in which process? A) Business process. B) Executive process. C) Supervisory process. D) Management process. Show Answer Correct Answer: D) Management process. 13. 3) Basic aim of functional foremanship is ..... A) Not to divide the work. B) To separate Top level management from CEO. C) To separate planning and execution function. D) None of these. Show Answer Correct Answer: C) To separate planning and execution function. 14. What is the main purpose of organizing in management? A) To create chaos and confusion within the organization. B) To make it difficult to achieve organizational goals and objectives. C) To waste time and resources. D) To create a structure that facilitates the achievement of organizational goals and objectives. Show Answer Correct Answer: D) To create a structure that facilitates the achievement of organizational goals and objectives. 15. What is the significance of the principle of Division of Work? A) It leads to specialization and improves efficiency. B) It creates confusion among employees. C) It reduces the quality of work. D) It is not applicable in modern organizations. Show Answer Correct Answer: A) It leads to specialization and improves efficiency. 16. To make an ethics code effective, which of the following should be done? A) Involve those who have to live with it in writing the statement. B) Focus on real-life situations that employees can relate to. C) Keep it short and easily understood and remembered. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. Hugo Munsterberg pioneered in the field of industrial psychology. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 18. What is the main focus of Compliance-Based Ethics Programs? A) Fostering a culture of ethical decision-making. B) Adherence to external laws, regulations, and policies. C) Maximizing profits for shareholders. D) Promoting personal responsibility. Show Answer Correct Answer: B) Adherence to external laws, regulations, and policies. 19. Which stakeholder is interested in "Value for moneyProduct quality & customer service" A) Shareholders / Owners. B) Managers & Employees. C) Customers. D) None of the above. Show Answer Correct Answer: C) Customers. 20. The ethical climate is shaped by the core ..... and beliefs that are upheld within the organization. A) Values. B) Rules. C) Profits. D) Locations. Show Answer Correct Answer: A) Values. 21. The principles of division of labour may be used to a government office where a diary/dispatch clerk receives and sends mail, and a data entry operator enters data into a computer. Division of labour also applies to limited companies with different divisions such as production, finance, research & development, and so on. Which aspect of management principles is highlighted above? A) General Guidelines. B) Universal applicability. C) Flexible. D) Contingent. Show Answer Correct Answer: B) Universal applicability. 22. When the leadership style is centered on the use of fear, threat and punishment, this type of leadership style is known as ..... A) Autocratic. B) Democratic. C) Laissez-faire. D) Strategic. Show Answer Correct Answer: A) Autocratic. 23. It entails scouting for potential personnel from outside the company. A) Outsourcing. B) Internal Recruitment. C) External Recruitment. D) Recruitment. Show Answer Correct Answer: C) External Recruitment. 24. Directive / Instruction to do or not to do so is called A) Rules. B) Programme. C) Process. D) Method. Show Answer Correct Answer: A) Rules. 25. What is effectiveness? A) Doing things right, or getting the most output from the least amount of inputs. B) Doing the right things or doing those work activities that will result in achieving goals. C) All the above. D) None of the above. Show Answer Correct Answer: B) Doing the right things or doing those work activities that will result in achieving goals. ← 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