1 PRINCIPLES AND FUNCTIONS OF MANAGEMENT & ORGANISATION STRUCTURE 1. Father of Scientific Management is (2) FW. Taylor {b) Henry Fayol {c) Adam Smith (2) Gibreth 2. Father of Administrative Management theory is (2) FW. Taylor (b) Henry Fayol (©) Adam Smith (0) Gilbreth 3. Father of Modern Management who presented 14 famous principles of management is (@) FW. Taylor (b) Henry Fayol (c) Adam Smith (¢) Gilbreth 4 The maximum number of partners allowed in a general business is (2) 10 (b) 15 (©) 20 (d) 50 8 The maximum number of partners allowed in a banking business is (a) 10 (b) 15 (c) 20 (a) 50 8 Minimum number of partners allowed in a cooperative society is (a) 10 (b) 20 (c) 50 (@) 100 7! The liability of a partner in a firm is (2) Unlimitea (b) Limited (©) Joint liability (0) Any ofthem 8. The partner who does not contribute any money and does not take part in the business is known as {a) General Partner (b) Limited partner (C) Sleeping partner @) Nominal partner 9. The partner who contributes shares and does not take Part in the function of the firm is known as (@) Ordinary partner (b) Active partner (c) Dormant partner (d) Nominal partner 40. When atleast 51% shares are in the hands of the Government, it is called (a) Govt. company (b) Public corporation (c) Public company (d) Departmental organisation 11. Minimum number of persons required to form a private company is (a) 2 (b) 7 (e) 10 (a) 50Seon AE Seeetrns 287 12, Maximum number of persons required to form a private company is (a)2 (0) 7 (c) 10 (@) 50 13. Super Bazars in which Govt. also pools some shares come under (a) Private Ltd. Joint Stock coy (b) Public Ltd. Joint Stock coy (c) Co-operatives (d) State Enterprises 14. The loan collected by the company on a fixed interest for its expansion is called {a) Share (b) Debenture (©) Bond (d) None 18. Functional Staff Organisation is introduced by () FLW. Taylor (b) H. Fayot (6) Urwich (d) Gilbreth 16. Military Organisation is based on (a) Line type (b) Line and staff type (c) Functional type (d) a & c 17. Disadvantage of line organisation is {a) Rigid structure (b) Communication delays (0) Excessive work for top executives (d) All of them 18. The best suited organisation for an automobile industry is (2) Line type (b) Staff type (0) Line & staff (d) Functional type 19. The best suited organisation for a large industry is (a) Line (b) Staff {c) Line & staff (d) Functional 20. Gang Boss, Speed Boss and Repair Boss are associated with (2) Line organisation (b) Miltary organisation (©) Functional organisation (d) Line & staff organisation (2) b (3) b (4) ¢ (a a ob | Q}¢ (10) a (Na (12) 4 (13) ¢ (14) b ae | ane | aye (19) dROLE OF ENTREPRENEUR & ENTREPRENEURAL DEVELOPMENT + The subject of entrepreneurship enfolds (a) Sociology (b) Economy (0) Psychology (d) All of them » Entrepreneurs who imitate other successful entrepreneurs are called (a) Adoptive entrepreneurs (b) Exploitive entrepreneurs (c) Fabian entrepreneurs {d) Drone entrepreneurs Role of an entrepreneur is (@) To decrease the gap in demand and supply (b) To prevent monopoly (©) To increase per capita income (d) All of them | The technique of cajoling hearts of people to produce more is called {a) Co-ordinating (b) Motivating (¢) Controlling (¢) All of them Age group of people who are considered for self employment scheme is (2) 18-20 yrs (b) 18-35 yrs (©) 21-30 yrs (d) 21-35 yrs + Grouping all the machines according to the sequence of operations is the main feature of (a) Product layout (b) Process layout (©) Functional layout (d) Combination layout Product layout (or line layout) is best suited for the manufacture of products whose (a) Demand is varying (b) Demand is steady (©) Quality is not criterion (d) None of them + Best suited layout for chemical, paper or sugar industry or for standardised product is (a) Process layout (b) Functional layout (c) Product layout (d)Anyofthem . A layout in which machines are arranged according to their functions is called (a) Product layout (b) Process layout (©) Combination layout (d) Any of them