Board exam

____________ refers to retention of decision-making authority by higher management levels.

1. ADecentralisation
2. BDepartmentalisation
3. CSpan of Control
4. DCentralisation

Statement I : Management is multi-dimensional. Statement II : The activities involved in managing an enterprise are common to all organisations whether economic, social or political. Choose the correct option from the options given below :

1. AStatement I is true and II is false.
2. BStatement II is true and I is false.
3. CBoth the statements are false.
4. DBoth the statements are true.

The process of defining and grouping the activities of the enterprise and establishing authority relationship among them is :

1. ADirecting
2. BStaffing
3. CManagement
4. DOrganising

During the Covid-19 pandemic, the restaurant industry faced many challenges. The slowdown led to huge decrease in demand. From April 2022, the effect of Covid started reducing. The economy started picking up and a boom was noticed in the restaurant industry. As a result, larger amount of working capital was required with increased production and sales. The factor affecting the working capital requirement discussed above is :

1. ASeasonal factor
2. BProduction cycle
3. COperating efficiency
4. DBusiness cycle

Which of the following statements does not highlight the importance of financial planning ?

1. ADetailed plans of action prepared under financial planning increase waste, duplication of efforts and gaps in planning.
2. BIt helps in forecasting what may happen in future under different business situations.
3. CIt provides a link between investment and financing decisions on a continuous basis.
4. DIt helps in avoiding business shocks and surprises and helps the company in preparing for the future.

Identify and give the meaning of the concepts highlighted in the following statements :

1. aThe process of finding possible candidates for a job.
2. bAn assessment of the number and types of human resources necessary for the performance of various jobs.
3. cIntroducing the selected employees to other employees and familiarising them with the rules and policies of the organisation.
4. dIt ensures that the organisation gets the best employees amongst the employees available.