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This set of Principles of Economics and Management Multiple Choice Questions & Answers (MCQs) focuses on Principles Of Economics And Management Set 2

Q1 | Management is a creative and ________ process.
  • Continuous
  • Technical
  • Democratic
  • None of the above
Q2 | Which type of strategies do professional managers help organizations in chalking out?
  • Multi-disciplinary
  • Corporate
  • Managerial
  • All of the above
Q3 | Management exists at the ______ level of the organization.
  • Lower
  • Middle
  • Top
  • All of the above
Q4 | Management is said to be the combination of
  • Arts, science and profession
  • Arts, science and engineering
  • Arts, commerce and science
  • Arts, commerce and engineering
Q5 | ______ is supposed to be immutable, unchanging and eternal.
  • Policy
  • Vision
  • Mission
  • All of the above
Q6 | Positive motivation makes people willing to do their work in the best way they can andimprove their ________.
  • Productivity
  • Personality
  • Performance
  • All of the above
Q7 | The objective in corporate governance is
  • Shareholder value maximization
  • Growth
  • Stability
  • All of the above
Q8 | The heart of administration is the _____ function.
  • Directing
  • Organizing
  • Controlling
  • Cooperating
Q9 | Direction is a ________ function performed by all the managers at all levels of the organization.
  • Managerial
  • Organizational
  • Both A and B
  • None of the above
Q10 | _______ is a tool for corporate governance.
  • Training
  • Recruitment
  • Communication
  • Consulting
Q11 | The internal environment factor that influence management is
  • Labor
  • Machines
  • Place
  • All of the above
Q12 | Management is said to be the combination of three factors, arts, science and the third is
  • Profession
  • Authority
  • Communication
  • None of the above
Q13 | One of the popular forecast is
  • Technological
  • Economi
  • C Deman
  • D None of the above
Q14 | Limitation of business planning is
  • Time consuming
  • Expensive device
  • Heavy cost of planning
  • All of the above
Q15 | In management process, the most misinterpreted word is
  • Organizing
  • Delegating
  • Controlling
  • Planning
Q16 | Management as a discipline is the function of ____.
  • Science
  • Art
  • Creativity
  • All of the above
Q17 | The word _______ denotes a function, a task, a discipline.
  • Management
  • Leadership
  • Motivation
  • None of the above
Q18 | Costliness of the ________ is the overriding factor determining the extent ofdecentralization.
  • Decision
  • Staffing
  • Controlling
  • Managing
Q19 | ______ is a tool for corporate governance.
  • Management
  • Communication
  • Coordination
  • All of the above
Q20 | The higher the ________ level of the employee, the lower the job satisfaction.
  • Managerial
  • Educational
  • Satisfaction
  • None of the above
Q21 | Management is a creative and ________ process.
  • Systematic
  • Continuous
  • Long
  • None of the above
Q22 | Economics is a study of wealth(Assets) said by _____.
  • Adam smith
  • Alfred marshall
  • Lionel robbins
  • None of the above
Q23 | In concept of Economics, Macro means _____.
  • Small
  • Large
  • Middle
  • All of the above
Q24 | In concept of Economics, Micro means _____.
  • Small
  • Large
  • Middle
  • All of the above
Q25 | Quantity of a product people are willing to buy at a certain price is known as ______.
  • Supply
  • Supply relationship
  • Deman
  • D Demand relationship