BCom First Year (Sem 1 & 2) Principles of Business Management – Daily Revision MCQ (English Medium)
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Who coined the acronym 'POSDCORB' for the functions of management?
Chapter 1: Nature and Functions of Management
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Answer: B. Luther Gulick
Luther Gulick (with Urwick, 1937) used POSDCORB: Planning, Organising, Staffing, Directing, Co-ordinating, Reporting and Budgeting.The famous Hawthorne experiments, which started the human relations approach, are linked with:
Chapter 2: Evolution of Management Thought (Taylor, Fayol)
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Answer: C. Elton Mayo
Elton Mayo's Hawthorne studies at Western Electric showed that social and human factors affect workers' productivity.How many general principles of management did Henri Fayol give?
Chapter 2: Evolution of Management Thought (Taylor, Fayol)
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Answer: D. 14
Fayol listed 14 principles, such as division of work, unity of command, scalar chain and esprit de corps.Policies, procedures and rules, which are used again and again in repeated situations, are examples of:
Chapter 3: Planning and Decision Making
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Answer: A. Standing plans
Standing plans guide recurring situations; single-use plans such as programmes and budgets are made for one specific purpose.Which is the oldest and simplest form of organisation, also called the military or scalar organisation?
Chapter 4: Organising and Organisation Structure
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Answer: C. Line organisation
In line organisation authority flows in a straight vertical line from top to bottom, as in the army.Training given in a separate room fitted with the same kind of machines and equipment as the actual workplace is called:
Chapter 5: Staffing
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Answer: D. Vestibule training
Vestibule training copies the real work setting away from the shop floor, so trainees learn without disturbing actual production.The 'Managerial Grid', which rates leaders on concern for people and concern for production, was developed by:
Chapter 6: Directing and Leadership
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Answer: A. Blake and Mouton
Robert Blake and Jane Mouton's grid plots concern for production against concern for people; the 9,9 'team management' style is ideal.'Theory X and Theory Y' about human nature at work was given by:
Chapter 7: Motivation and its Theories
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Answer: B. Douglas McGregor
McGregor's Theory X assumes people dislike work and need control; Theory Y assumes people like work and accept responsibility. Ouchi gave Theory Z.Which of the following is called the 'essence of management' because it binds all functions and departments together?
Chapter 8: Controlling and Coordination
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Answer: C. Coordination
Coordination runs through every function and level, harmonising group efforts towards common goals, so it is called the essence of management.The principle that managers should attend only to significant deviations from standards, leaving minor ones to subordinates, is called:
Chapter 8: Controlling and Coordination
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Answer: B. Management by exception
Under management by exception, only important deviations are reported to top management, saving its time for major issues.
BCom First Year (Sem 1 & 2): MCQ in other subjects
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All questions are written by PadhaiNotes in our own words from the common syllabus of Maharashtra universities (NEP). Your own university's syllabus may differ a little.