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Sub: Principles of Management Class Test Module – I, II & III Answer the Following 1. …………………………....

Refers to a form of business organization which is owned, managed and controlled by an individual who is the recipient of all profits and bearer of all risks. (A) Sole Proprietorship (B) Joint Stock Company (C) Partnership (D) Cooperative Society 2. The risk of business is borne all alone by the………………………………. In sole Proprietorship (A) Owner (B) Karta (C)Board of Directors (D) Members 3. In the eyes of law, the sole proprietorship and the owner are considered…………………………….. (A) one and the same (B) Different (C) Unofficial (D)Shareholders 4. ……………………. is the oldest form of business organization. (A)Hindu Undivided Family (B) Joint Stock Company (C) Partnership (D) None of these 5. Hindu Undivided Family is governed by Hindu Succession Act. (A)True (B) False 6. The Indian Partnership Act, …………………. Defines parternership. (A)1972 (B)1942 (C)1956 (D)1932 7. The minimum number of members needed to start a partnership firm is ………………… (A)2 (B)3 (C)20 (D)100 8. A cooperative society is registered under………………………………… (A) Cooperative Society Act, 1932 (B) Cooperative Society Act, 1930 (C)Cooperative Society Act, 1956 (D) Cooperative Society Act, 1832 9. in a public company the liability of shareholders is unlimited (A) true (B) false 10. a private company can not issue share warrants against fully paid shares (A) true (B) false 11. Scientific management theory is given by________ (A) Fayol (b) F W taylor (c)max weber (d)maslow 12.Route clerk, instruction card clerk, time and cost clerk are concerned with______ (A) Planning (b) doing (c) none of these 13.__________involves study of movements in parts (A) Time study (b) motion study (c) fatigue study 14.Taylor applied which system for financial incentive? (A) Non monetory (B) piece rate system (C) differential piece rate system (d) none of these 15.From the following which do not belongs to six groups of activities given by fayol? (a) Technical (b) financial (c) marketing (d) managerial 16.Division of work is advocated to take advantage of ________ (a) Specialization (b) authority (c) decentralization (d) none of these 17.According to which principle of fayol a person should get order from one superior only? (a) Unity of direction (b) order (c) scalar chain (d) unity of command 18.Which principle says that ‘union is strength’? (a) Stability of tenure (b) esprit de corps (c) initiative (d) none of these 19.Who is a founder of bureaucratic management? (a) Taylor (b) max weber (c) fayol (d) none of these 20.The basic theme of the ___________approach is that there is no one best way to manage, it varies as per situation (a) Case studies (b) scientific (c) administrative (d)contingency 21.According to ________ management is getting things done by and through people (a) Koontz (b) drucker (c) follet (d)none of these 22.Management is _________process (a) Subjective (b) new (c) continuous (d) none of these 23.Management is ________activity (a) Individual (b) group (c) none of these

(A) Board of Directors (B)Foremen (C) workers (D) Departmental Heads 30...There are …………………………. (A) Three (B)Four (C)Five (D)One .24.Management is not flexible (a) True (b) false 27. The top level management consists of the ……………………………………………….Management is _______ (a) Science (b) art (c) both of these (d) non of these 25..From the following which is not exist in management as a profession (a) Specialized knowledge (b)formal training (c) social obligation (d) association 28.Management is tangible (a) True (b) false 26. According to Professor Katz. levels of Management. there are ……………………………. (A) Three (B)Four (C)Five (D)One 29. Managerial skills.