Management as a process emphasize that all managers, regardless of their particulars aptitudes or skills, engage in certain interrelated activities in order to achieve their desired goals. Project Management is an organization venture for managing projects which involves application of modern tools and techniques in planning, financing, implementing, monitoring, controlling and coordinating unique activities to produce desirable output according to the pre-determined objectives within the constraints of time and cost. (iv) Creating various positions in the organisation. Being Aware of Opportunity 2. (B) The formulation and implementation of the major goals and initiatives taken by a company's top management. a. - Construct phase refers to production of the actual software product at every spiral. Craig is the manager of a team of sales agents at C&K Realtors. Ans. The cost of quality refers to A. Inventory control c. Production control d. Sales control ANS: B 3. The Project Definition Rating Index (PDRI) is a. methodology used by capital projects to. Follow-up 2. is a process of maintaining and monitoring the size of inventory at appropriate level. Answer: Procurement, storage, inspection and receipt. The extended Ps of service marketing mix are : A. The Post-Production process is highly collaborative . The security of the communications network is very much dependent on the value chain of its production. A _____ creates flexibility as it brings together specialists from different areas of a company to work temporarily on individual projects. Poor scattering on trend line of production Vs Energy consumption indicates ___. The basic difference between a flexible budget and fixed budget is that a fixed budget: a) Is concerned with fixed expenses whereas flexible budget is on different activity levels. Forecasting 2. It determines financial estimations relating to various activities of an organization for a fixed period of controlling actual performance. D) controls designed to ensure that updates in information technology do not have negative consequences. The steps involved in planning process are: 1. D . He uses Maslow's hierarchy of needs theory and identifies that his team members have low motivation levels . a. The steps or phases involved are always similar regardless of the nature of the media i.e. Impact in-process production (e.g., production yields, impurity levels, process performance) Go undetected due to the limitations of current compendial bioburden tests in detecting this microbial . a. Dispatching b. d) When the Management desires. Sometimes referred to as the "strategy gap", it implies the variance between a company's mission, values, and strategic objectives. a. For this purpose, the manager performs some fundamental functions. 3. Results: The difculty index of MCQ ranged from 0.67 to 0.79, which is considered as optimal level. Continue ReadingDownload Free PDF. d. Reduce the assigned resources to existing projects. Business plan b. more narrowly with the production of information on performance . 1. Information flow at every stage identifies the ____ that are taking place. Follow-up c. Routing d. The ___ is a useful tool that allows the calculations of cost and schedule performance measures including cost variance, schedule variance, cost and time over-runs for a project. Routing ______scheduling in production planning. This is an (A) superior (B) inferior (C) constant (D) any of the above 10. - After testing the product, at the end of first iteration, the customer will evaluate the software and provide the feedback. Question. The development of planning, policies and various marketing strategies to move the company forward to achieve the goal of profit through selling the product and services. A. e. Reduce the number of project managers in the company. (follows, simultaneous with, precedes) 8.______ is the ratio of output to input. ADVERTISEMENTS: Planning determines the future course of action for utilising various resources in a best possible way. 21. This quiz will help you learn how to ensure that all aspects needed to make a project successful and worthwhile are met. - Risk Analysis includes various activities such as identifying, estimating, and monitoring technical feasibility and management risks, such as schedule slippage and cost overrun. Planning process involves the setting up of business objectives and allocation of resources for achieving them. Frequency of monitoring depends on nature, duration, and importance of projects and stakeholders need. ADVERTISEMENTS: Everything you need to know about the process of management. ERP - Enterprise Resource Planning reduce risk during front end planning. See below free multiple-choice questions for Class 12 Nature and Significance of Management. Wishful thinking 4. movie, video, audio or TV. a. To impart training to the workers or operators regarding motion; economy so that unnecessary movement by the workers may be avoided. 3. No 1. Follow-up ANS: A 2. is a process of maintaining and monitoring the size of inventory at appropriate level. MCQ Questions horizontal integration is concerned with production quality product planning all of the above it refers to formal and informal rules, regulations . The difculty index for Long Case ranged from 0.89 to 0.91, which is con-sidered as less optimal level. Multiple choice questions (MCQs) Posted in: Standard costing and variance analysis (quizzes) By: Rashid Javed | Updated on: September 11th, 2022 ABOUT THIS QUIZ: Chapter: Standard costing and variance analysis; Quiz Type: Multiple choice questions (MCQs) Number of MCQs: 23 . Under production, a single order is executed. (-) 25 is the measure of performance, which shows that the actual performance is an improvement over the standard. a) The auditor should express an opinion on financial statements b) His opinion is not a guarantee to future validity of business c) He should examine whether recognised accounting principles have been consistently followed . The degree of success is measured by a comparison of actual performance and standard performance. Project b. Batch c. Process d. Mass ANS: A 4. is an element of production planning. Once the project is completed performance review should be done periodically to compare actual performance with projected performance. It is calculated by dividing the total production by the weighted average of time and capital. a) Production b) Hours c) Climate d) none of the above 4. Project b. Batch c. Process d. Mass 4. is an element of production planning. d.human resource planning. To promote sales of products C. To differentiate their products from those of competitors D. To do marketing surveys Answer used at multiple stages in the front end. Inventory control c. Production control d. Sales control 3. The functions performed by the top management are given below: (i) Preparing a corporate plan for the whole organisation. What is bandwidth monitoring? Table 10.4 Recording Dates of the Inventory, How Much of That Item the Business Received(in), Sold(out), and Total Balance. C. The total cost of all efforts related to quality. 16. Global Marketing and World Trade. Here Get Study of All GK for Competition Exam. Questions and Answers 1. 4. No 2. (general, continuous, intermittent) 6._______ refers to monitoring of actual production. They are called managerial functions and basically consist of five elements. Controlling is all pervasive as no department, level or organisation can exist without controlling. Find opportunities for collaborative project management. The ultimate goal is to provide perfect value to the customer through a perfect value creation process that has zero waste. D. 1.3 Objectives of Production Planning & Control 1. matrix organization. Health and Life Comprehensive Exam. Conducting a CRP analysis is a critical management tool,. To study the activities of the machine and the operator. Earned Value Method (EVM) 48. 2. Fixed costs refer to expenses that a company must pay, independent of any specific business activities. 5. performance actual performance deviates positively over the budgeted performance. It refers to the plan of an organization expressed in financial terms. Under production, a single order is executed. d) He is responsible for detection and prevention of frauds and errors. a. Dispatching b. It is a quantitative expression of plan of action. Capacity requirements planning (CRP) is the process of discerning a firm's production capacity and whether it can meet its production goals. What are the aspects that need to be considered by an organization while formulating an asset strategy? Post-Production refers to all of the tasks associated with cutting raw footage, assembling that footage, adding music, dubbing, sound effects, just to name a few. The Elements of the Promotional Mix A widely used tool for management control is budget. 1. Control is exercised: a) When something goes wrong. Displayed below the first part of the table header, this part features dates of the inventory recorded along with how many of that item the business received(in), sold(out), and total balance. 2. Business model and plan c. Strategies involved d. Philosophy Show Answer b. A. Acquisition Efficiency 23. Fundamental Accounting Principles. measure the degree of scope definition, identify gaps, and take appropriate actions to. It is also often misunderstood. Marketing considers only the needs of the organization and not the society The MCQ demonstrated higher discrimination index (0.58-0.76) than the long case (0.20-0.23), suggesting the MCQ was better able to . The control may be automatic, or initiated by operator commands. Follow-up c. Routing d. a. a. Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. (Scheduling, Routing, Follow-up) 7. Cost of Quality does not refer to the cost of providing a quality service or product. The process is defined as a series of actions or operations conducted to an end. PDRI is. Which one is the building block of a business model? This section covers MCQ on Basics of Marketing. A lean organization understands customer value and focuses its key processes to continuously increase it. ___ is the ability to acquire new knowledge using automatic methods wherever possible rather than reliance on human intervention. The process of production refers to the various steps or phases required before a media is completed as a product. Flexible Budgets and Standard Costs. - In the baseline spiral when the product is just thought of and the design is being developed a POC (Proof of Concept) is developed in this phase to get customer feedback. Ans. Project Rating Index. According to Chandler 'Strategic Management' is - (A) That set of decisions and actions which lead to the development of an effective strategy or strategies to help achieve corporate objectives. Under production, a single order is executed. Set 1: MCQ On Basics of Marketing. The scope of this 25 - item practice test involves the following topics: Types and style of leadership. The. Management is what management does. Global Finance. A feedback device, it is useful in several ways: a) It throws light on how realistic were the assumptions underlying the project The concept is useful for companies in terms of labor productivity because it reflects how well the workers perform. Quality control b. It uses the data generated by the programme itself (characteristics of . Inventory control c. Production control d. Sales control 3. Actual Cost (AC) This is the actual cost of the work that's been completed over a specific project period. The cost to put quality systems and checks in place. you can learn and practice Online free. Follow-up 2. is a process of maintaining and monitoring the size of inventory at appropriate level. Choice among alternative courses of action. Production starts with an idea and ends with a master copy. Monitoring is a continuous process of collecting and analysing information about a programme, and comparing actual against planned results in order to judge how well the intervention is being implemented. Answer: Value additions. That is, either the actual cost for work done up to the point in which it is being calculated or over a given period of days, weeks or months. By practicing these MCQ Questions for Class 12 Business Studies you will be able to revise the entire course and also test your understanding. Answer: b Find opportunities for collaborative project management. B. How performance monitoring in project management is useful? C) replacement of upper management and their introduction to the organization. Inferential Efficiency 22. This nursing practice is about theories and principles regarding how the nurse functions independently and in collaboration with other nurses and various health team members in various setting. (iii) Making efforts for the accomplishment of the objectives of the organisation. b) Cannot be changed whereas flexible budget can be easily changed. Nation-states, non-state actors, and individuals all are capable of waging attacks makes it even more difficult to have a uniform policy of defence. c) Regularly. Thus, total factor productivity considers the effect of two inputs - labor and capital. solve General Knowledge Multiple choice GK Quiz online, Study and Tips . The quantities of each of the items have to be assessed for ____, ____, ____ and ____. _____ is the father of Modern Marketing. We provide fully solved Online General Knowledge Quiz preparation. The additional cost to make better products or services. a. a. 500 and the actual cost is Rs 475 then the variance of Rs. BUSINESS MANAGEMENT MULTIPLE CHOICE QUESTIONS 1: Consider the following statements: Planning involves 1. Price Physical Evidence, Promotion C. Physical Environment, Process, People D. Product, Process, Physical Environment ANS: C . Quality control b. SCADA can be used to monitor and control plant or equipment. 5.Mass production is an example of_____ production system. Project b. Batch c. Process d. Mass 4. is an element of production planning. a. These costs are set over a specified period of time and do not change with production levels.. c. recruiting and placement. 2. (True/False) Ans. For example, if the standard material input for a unit of production is Rs. In career development focus, information about individual interests and preferences is part of. Integrated marketing communications is a process which involves the management and organisation of all agents in the analysis, planning, implementation and control of all marketing communications contacts, media, messages and promotional tools focused at selected target audiences. a. training and development. a. Dispatching b. c. Reassign the resources that have been assigned to ongoing projects. PP&C must balance the extent of meticulous control against the costs. Let's Practice. The data acquisition is accomplished firstly by the RTU's (remote Terminal Units). managing the marketing process monitoring the profitability of the company's products and services the art and science of choosing target markets and getting, keeping, and growing customers through creating, delivering, and communicating superior customer value developing marketing strategies to move the company forward C. Mistake proofing b. Iterative testing c. OA d. Early testing Show Answer 2 Production and Operations Management Multiple Choice Questions. 403. To study the nature and path of movements for obtaining the elements of an operation. 8. Manufacturing Resources Planning (MRP II) is defined as a method for the effective planning of all resources of a manufacturing company. 402. People, Product, Place. Follow-up ANS: A 2. is a process of maintaining and monitoring the size of inventory at appropriate level. Marketing management is . To make products easily visible and available B. B. performance appraisal. ___ is the ability to direct the inferential mechanisms into the most productive directions by storing appropriate guides. Inventory control c. Production control d. Sales control ANS: B 3. 1, 3 and 4 are correct C. 1 and 2 . January 23, 2018 Modified date: July 10, 2021. Maintenance Management MCQs with Answers Q. One of the key tasks of marketers is and to create consumer perceptions that the product is worth purchasing. a. True 49. The value refers to what has been spent, either cumulatively or currently. Cost Accounting, on the other hand, is a formal system for analyzing and classifying expenditure in order to calculate the entire cost of a product or service with a high degree of accuracy. The attack technology is outpacing our defence technology. It refers to a high-level analysis of general (or specific) company goals; how far a company has come in terms of completed goals, and what it still needs to do to reach the remaining ones. Production Quizzes & Trivia. Project b. Batch c. Process d. Mass ANS: A 4. is an element of production planning. Cost of Quality (COQ) Cost of Quality, or (COQ) as it is often referred to, is a monetary figure used by project management personnel in the decision making process. Health and Life Practice Questions. Bandwidth monitoring is a method for measuring the actual bandwidth available on a local system ( LAN or WiFi ). Importance. Controlling is a continuous process as right from the beginning of organisational performance its simultaneous monitoring takes place and up till the completion of goal, corrective actions are also simultaneously taken. 1 Defect prevention is a. Quality control b. A. Abraham Maslow. Ans. (quality, productivity, efficiency) 1, 2, 3 and 4 are correct B. 3. a. Dispatching b. Minimize the idle times of men and machines. 5. B. Lester Wunderman. Level of production may have an effect on specific energy consumption. The process of acknowledging the cost of a product, service, or activity incurred at various levels of production is known as costing. These Marketing Management MCQ questions are equally beneficial for subjects like Basic of Marketing, Principles of Marketing, & Fundamentals of Marketing. Florida Real Estate MCQs. Fixed Assets. B. Minimize inventory turnover. Equity theory. MCQ Questions for Class 12 Nature and Significance of Management. (ii) Determining the objectives of the organisation. mcq quiz multiple choice questions test for gk based exams, educational questions with answer MCQ GK explaination. A) disbursement controls on petty cash. Management process [] When employee's high expectations confront reality of boring job, it is called. Change management refers to . List the benefits. Business model and plan Q. Post-Production is the stage after production when the filming is wrapped and the editing of the visual and audio materials begins. 1. Maximize the product quality and customer satisfaction. Maximize the percentage of the commitments given to the customers. B. b) When efficiency is to be improved. The central host will scan the RTU's or the RTU's will report in Data can be of three main types. Multiple Choice Questions of Controlling gchapter of Business Studies Class 12. Governmental Accounting State and Local. d. human resource planning. a) poor level of control b) good level of control c) both the above d) none of above. B) operational controls applied to companies after mergers or acquisitions. C. Peter Drucker. (A) Consistency with . State True or False 6. The art and science of choosing target markets and getting, keeping, and growing customers through creating, delivering, and communicating superior customer value. Under production, a single order is executed. We manage an organisation to achieve certain objectives and goals. The second part of the first (left) table half. Quality control b. MRP II Serves as an extension of MRP Maximum retail price is the highest price labeled on the product which can be charged by the seller of that product. Bandwidth monitoring tools display real-time data such as download and upload speeds and help prevent network strain . A social and managerial process by which individuals and organizations obtain what they need and want through value creation refers to which one of the following concepts? It is the art of getting things done through and with people in formally organized groups. Decision only by production manager Of these statements: A.
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