Principles of Management - Applications for Competitive Exams

Principles of Management - Applications

Q. In the planning process, what is the first step managers should take?

Solution

The first step in the planning process is setting objectives, which provides direction for all subsequent planning activities.

Correct Answer: A — Setting objectives

Q. What is a key characteristic of entrepreneurial management?

Solution

A key characteristic of entrepreneurial management is innovation and adaptability, allowing businesses to respond to changing market conditions.

Correct Answer: C — Innovation and adaptability

Q. What is the primary purpose of management in an organization?

Solution

The primary purpose of management is to achieve organizational goals through effective planning, organizing, leading, and controlling.

Correct Answer: C — To achieve organizational goals

Q. Which management principle advocates for fair treatment of employees?

Solution

The equity principle advocates for fair treatment of employees, promoting a sense of justice and fairness in the workplace.

Correct Answer: B — Equity

Q. Which management principle emphasizes the importance of clear communication?

Solution

The scalar chain principle emphasizes the importance of clear communication and a chain of command within an organization.

Correct Answer: C — Scalar chain

Q. Which management principle suggests that employees should receive orders from only one superior?

Solution

The unity of command principle suggests that employees should receive orders from only one superior to avoid confusion and conflict.

Correct Answer: A — Unity of command

Q. Which principle of management suggests that tasks should be divided among individuals to improve efficiency?

Solution

The division of work principle suggests that tasks should be divided among individuals to improve efficiency and productivity.

Correct Answer: B — Division of work

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