Q. 5534711. From the following, identify which one is not the feature of ‘Management as an Art’.
(A) Based on practice and creativity
(B) Universal validity
(C) Personalised application
(D) Existance of theoretical knowledge
Answer: (B) Universal validity
Explanation: Universal validity is a fundamental characteristic of “Management as a Science” (principles apply universally). The other three options—theoretical knowledge, personalized application, and practice/creativity—are strictly features of an Art.
Q. 5534712. Identify the force that binds all the functions of management and ensures that all actions are aimed at achieving the goals of the organisation.
(A) Planning
(B) Controlling
(C) Staffing
(D) Coordination
Answer: (D) Coordination
Explanation: Coordination is famously referred to as the “essence of management” because it acts as the invisible thread that binds all other management functions (planning, organizing, staffing, directing, controlling) together to achieve common goals.
Q. 5534713. Identify from the following the component which is not the part of political environment.
(A) The level of political morality
(B) The nature and relationship of our country with foreign countries
(C) Political unrest
(D) Expectation from the workforce
Answer: (D) Expectation from the workforce
Explanation: “Expectation from the workforce” relates to the internal social or human resource environment of a specific business. The other options are macro-level components directly tied to the political landscape of a country.
Q. 5534714. Critical point control focuses on
(A) Every Task
(B) Financial Areas
(C) Key Result Areas
(D) Planning areas
Answer: (C) Key Result Areas
Explanation: In the controlling process, Critical Point Control asserts that instead of trying to control everything, management should focus strictly on Key Result Areas (KRAs) which are critical to the overall success of the organization.
Q. 5534715. Consumption habits and composition of family are the elements of which dimension of business environment?
(A) Economic
(B) Social
(C) Political
(D) Legal
Answer: (B) Social
Explanation: The social environment of business includes the customs, traditions, societal values, consumption habits, and family compositions of the society in which the business operates.