Management Science Mid - I, September - 2014

1.Which of the following implies “the effective utilization of human and material resources to achieve the enterprise objectives” ?
  • Management
  • Planning
  • Requirements
  • Control
Answer: A
2.The course of action to be followed and how the resources are to be deployed to achieve the given objectives is called
  • Procedures
  • Strategies
  • Forecasts
  • Programmes
Answer: B
3.In the modern management era, which one of the following is a key management issue?
  • Creating excellence
  • empowering employees
  • developing organisational approach
  • Managing change
Answer: C
4.The Line organization is favored because of
  • Span of control
  • Centralization of authority
  • Delegation of authority
  • Departmentation
Answer: C
5.Which of the following is a merit in the product organization?
  • central services maintenance may not be cost-effective
  • Tends to increase the control problems for top management
  • Organization may get disintegrated
  • Responsibility can be fixed for sales and profits for each product or service
Answer: D
6.What is an advantage for process layout?
  • Larger production cycle
  • Higher material handling costs
  • Interesting to workers
  • Higher wage bill
Answer: C
7.What technique helps to identify quality when the products are available for sale/ purchase?
  • Monte Carlo method
  • Simulation analysis
  • Assignment method
  • Acceptance sampling
Answer: D
8.What establishes the time taken by qualified worker to complete a specified job at a defined level of performance?
  • Method study
  • Work study
  • Motion Study
  • Work Measurement
Answer: D
9.What is the slip attached to the bin where the goods are stocked?
  • Invoice
  • Material requisition note
  • bin card
  • Stores ledger account
Answer: C
10.Which of the following is not a facilitating function?
  • Financing
  • Risk Trading
  • Storage
  • Research
Answer: C
11.Tom Peter’s view of management centers around what managers should do not get more _________ in the present dynamic business environment.
Answer: Competitive
12.The guide like tool to explain how many positions are in the organisation and at what level is called _______________.
Answer: Organisation structure
13.‘Break even’ means ________________ .
Answer: Total revenues = total costs
14.A flat organisation is always associated with __________________ span.
Answer: Wider
15.The project organisation is also called ________________.
Answer: Matrix organisation
16.In a vast country such as India, wage rate difference should be read along with ___________ differences.
Answer: Productivity level
17.That type of production where the cost of production per unit is the least is called ____________ .
Answer: Mass Production
18.Consumer’s risk can be defined as _____________________ .
Answer: getting bad lot accepted
19.Maintaining stocks beyond _________________ level leads to blocking of the working capital for no reason.
Answer: Maximum
20.The strategic decision of the right mix of product, place, promotion, and price is called __________ .
Answer: Marketing mix