FM II MID EXAM OBJECTIVES

Unit III
Sl.
Question Answer
No
1 Planning is ……………… orirented. Goal
2 The plan expressed in terms of number is called……………. Budget
3 ………………….. planning is the responsibility of the management. Strategic
4 …………..bridges the gap between present and future. Planning
Business strategy refers to what the organization wants to follow to achieve
5 Vision
its…………..
6 Vision when translated into action through a written form become……… Mission
Internal environment for organization may be examined in terms of its
7 Strengths and Weaknesses
……………...…..and ………………………….
Offering products and services at discoujnt at discounts and lower prices
8 Cost leadership
everyday is an example of …………………
……………… refers to designing a product or service that is perceived as
9 Differentiation
uinique by the customer throughout the industry.
10 What can be done or what cannot be done is called. Policies
11 …………………...outline in detail the method of carrying out a given task. Procedures
12 ………….guide action or non-action on the prart of people in organization. Rules
Selecting a course of action from among the given alternatives is
13 Decision making
called……………………..
The manager is said to be ………………… if he knows about the alternatives
14 Rational
and the consequences of each of these leading to a choice.
The practice of managers compromising with limited or bounded rationality is
15 Satisficing
called…………….
Where you have the details of probability of happening or non-happening of
16 Risk
events, such a situation is called……………..
The business situation where no information is available about the alternatives
17 Uncertainty
leading to a choice is called…………………
If we have relevant and reliable inforamation about a particular event or
18 Certainty
happening, such context is called……………………..
19 Decisions made on problems with reference to set of procedures and rules are: programmed decisions
20 Strategic decisions are made at……………………… level management. Top
21 Bottom level management makes ………………………. Decisions Operational
The obligation on the part of subordinate to complete the given job is
22 Responsibility
called………………………..
The process of transferring authority from the top to thelower levels in the
23 Delegation
organization is called…………………….
What refers to the effective control of a number of subordinates by a supervisor
24 Span of control
at a given point of time?
The process of grouping the similar activities and assigning responsibility is
25 Organizing
called…………………….
26 Different layers in management in the organization is called…………… Organizational hierarchy
27 The principle of one subordinate - one supervisor is called…………………. Unity of command
28 The manager whose role is to support and guide is called…………. Staff
29 The manager who is responsbile to take decsions is called………… Line
………….refers to a collection of tasks assigned to a position in an organization
30 Job
structure.
The process of evaluating the worth of a person based on his past performance is
31 Performance appraisal
called……………………..
32 …………………..is the power or right to give orders. Authority
……….is the obligation/duty on the part of subordinates to complete the given
33 Responsibility
ob.
34 Matrix organization is also called as…………………….. Project organization
…………………...is a process where the concentration of decision making is in
35 Centralization
a few hands.
36 …...is concerned with management of people from recruitment to retirement. HRM
The process of identifying the most suitable persons for the organization is
37 Selection
called ………………..
………………...is the process of finding and attracting capable applicants for
38 Recruitment
employment.
……………………...is a process of assigning a specific job to each of the
39 Placement
selected candidates.
40 …………...refers to the number of employees leaving the organization. Labour Turnover

Unit IV
Sl.
Question Answer
No
41 The power that can award punishment is called………………… Coercive Power
42 The right to give orders is called……………………… Authority
43 Celebreties posses …………….. power Referent
44 The willingnes to work is called……………… Motivation
45 The skill to work is known as………………. Ability
46 Who conducted Hawthorne experiments?. George Elton Mayo
………….experiments revealed that workers value the social relationships at
47 Hwathorne
work most.
48 Two-Factor theory of motivation was developed by ………………….. Frederick Herzberg
49 ………….is the summit of Maslow's Need Hierarchy. Self-Actualization
50 Expectancy Theory of Motivation was developed by……………….. Vroom
The case where employees are offered shares in the company where they work is
51 Stock Options
called………………..
52 Motivation = Valence X …………………. Expectancy
53 The strength of individual's desire for a particular outcome is ………… Valence
54 The believe that an effort will lead to completion of the task is………….. Expectancy
The strong desire to achieve something in view of the potential that one has is
55 Self-Actualization
callel……….
56 ………………...is one who guides and directs other people. A leader
57 ……………...is the process of influencing the subordinates. Leadership
58 All decision-making powers are centralized in………..type of leadership. Autocratic
59 Democratic leadership style is also called as ………………….. Participative Leadership Style
60 Sub-ordinates are involved in decision-making in ………..leadership style. Democratic
61 ………..leadership style is called Laissez-Fair leadership style. Free-rein Leadership style
62 The study of the actions, or behaviors, that define a leader is known as….. Behavioural leadership
63 Leaders are either born or are made, according to ………..leadership theory. Trait Leadership Theory
…………….leadership theory emphasizes that there is no one best style of
64 Situational Leadership Theory
leadership universally applicable to all situations.
65 ………...a professional relationship in which mentor assists the mentee. Mentoring
……………..is a special kind of ability to make others to do what one
66 Power
wants them to do.
67 ……………..power comes from position in an organizational hierarchy. Legitimate Power
68 ……power comes from ability to punish others who fail to reach targets. Coercive Power
69 ………..power role models possess. Referent
70 One possesses …………..power because of expertise. Expert Power
The motivation which is driven by a desire to attain certain goals is called
71 Achievement Motivation
……………….
72 …………….motivation is driven by fear. Fear Motivation
……………..the level of enthusiasm and dedication an employee feels toward
73 Employee Engagement
his or her job.
74 How many types of needs are proposed by Elton Mayo?. Five
75 Self-respect is …………need, according to Mayo. Esteem
76 According to Herzberg, …………….factors do not motivate employees. Hygiene
77 Thoey X and Theory Y was developed by ………… McGregor
According to McGregor, ……………. theory assumes that employees are lazy
78 Theory X
and dislike working.
79 ERG Theory was developed by……………. Alderfer
Existence needs, Relation needs,
80 Enlarge ERG………………..
Growth needs

Unit V
Sl.
Question Answer
No
The guidelines against which actual performance is measured are
81 Strandards
called………….
82 Preliminary controls are also called ……………………..controls. Feedforward controls
83 Concurrent controls are applied in …………………. Real time
Where managers eliminate undesirable results proactively, it is the case of
84 Preventive control
…………………..
85 …………..is a plan of expenditure/receipt. Budget
The budget that shows the details of long term investment proposals is called
86 Capital Expenditure Budget
……………………

The budget where the current year's requirements are viewed from fresh
87 Zero Based Budgeting
perspective with no regard to previous year's perspective is called………..
88 Break Even Analysis is also called a tool of profit planning and ……… Control
89 The tool that analyzes liquidity, profitability and solvency is called……… Ratio Analysis
 ………….the process of analyzing whether actions are being taken place
90 Contolling
as planned or not.
91 …………controls are preventive controls. Feedforward controls
92 ………..controls monitor ongoing activities. Concurrent
93 Standard performance - Actual performance = ………………. Deviation
94 ………..is a plan expressed in quantitative and money terms. Budget
95 The process of preparing budgets is known as ………….. Budgeting
96 ………… is the technique of managerial control through budgets. Budgetory control
……...is an overall budget which summarizes and integrates different individual
97 Master budget
budgets.
98 In ……………..budgeting, the budget for each item starts from zero. Zero Based Budgeting
99 Constant controls are …………. Controls. Continuous
100 Sporadic control means ………….. Control. Occasional