This set of MCQ(multiple choice questions) focuses on the Principles of Management NPTEL Week 4 Assignment Solutions.
Course Layout
- Week 1: Assignment Solution
- Week 2: Assignment Solution
- Week 3: Assignment Solution
- Week 4: Assignment Solution
- Week 5: Assignment Solution
- Week 6: Assignment Solution
- Week 7: Assignment Solution
- Week 8: Assignment Solution
- Week 9: Assignment Solution
- Week 10: Assignment Solution
- Week 11: Assignment Solution
- Week 12: Assignment Solution
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Principles of Management NPTEL Week 4 Assignment Solutions
Q1. Which of the following is not a technique of assessing the environment?
a) Environmental scanning
b) Scenario Planning
c) Profit and loss statement
d) Forecasting
Answer: c)
Q2. Statement I: Forecasting means prediction of outcomes
Statement II: Forecasting creates a foundation for environmental scanning
Read the statements and select the correct option:
a) Both statements I and II are correct
b) Statement I is correct and statement II is incorrect
c) Statement II is correct and statement I is incorrect
d) Both statements I and II are incorrect
Answer: b)
Q3. Qualitative methods of forecasting are used when:
a) The management doesn’t have precise data
b) The management decides to make good quality forecasts
c) The management wants to make presentations to top level executives
d) The management has all the hard data to make a decision
Answer: b)
Q4. Which of the following techniques can be used to determine next quarter’s revenue on the basis of last 5 years’ revenue?
a) Delphi Method
b) Time Series Analysis
c) Regression Analysis
d) Econometric model
Answer: b)
Q5. Which of the following does not come in the ambit of HR Planning?
a) Operational Planning
b) Succession Planning
c) Personnel Planning
d) HR demand forecasting
Answer: a)
Q6. Which of the following methods uses “structured iterative process” to forecast something?
a) Jury of Opinion
b) Market Survey
c) Focus Group Technique
d) Delphi Method
Answer: d)
Q7. Which of the following is best described by the sentence “Keeping the best practice in view and learning from it”?
a) Customer Evaluation
b) Benchmarking
c) Economic Forecasting
d) Market Survey
Answer: b)/p>
Q8. “Rs. 4 Lakhs is expected to be spent on repairs for factory floor this year”. This statement is most likely arrived at using which technique:
a) Delphi Method
b) Benchmarking
c) Budgeting
d) Scheduling
Answer: c)
Q9. Which of the following technique of scheduling is used if the activities are dependent on each other?
a)Â Gantt Chart
b)Â Load Chart
c)Â PERT
d)Â Gantt chart and Load Chart
Answer: c)
Q10. Considering some situations to hit business in near future and planning responses for such situations is:
a)Â Scenario Planning
b)Â Project Planning
c)Â Programme Evaluation and Review Technique
d)Â Succession Planning
Answer: a)
Previous Year – Principles of Management NPTEL Week 4 Assignment Solutions
Q1. Which is a strategic model of management that aims to improve the performance of an organisation by clearly defining the objectives to both the management and the employees?
a) Personnel management
b) Scientific management
c) Strategic management
d) Management by objectives
Answer: d) Management by objectives
Q2. Who has developed five steps of management by objectives?
a) H. Simon
b) S. Freud
c) P. Drucker
d) H. Fayol
Answer: c) P. Drucker
Q3. Which one of the followings is related to MBO in compare to MBE as dependency of one unit with others is high?
a) Determining the organisational objectives
b) Dependency of one unit with other is less
c) Monitoring of progress
d) Clarity of goals
Answer: b) Dependency of one unit with other is less
Q4. ‘It is observed for providing enough scope to employees for having necessary training, motivation and facilities for their development’- Which principle of MBE is it?
a) Invite co-partnership
b) Development of subordinates
c) Delegation of authority
d) Hard labour and discipline
Answer: b) Development of subordinates
Q5. Being a capitalist country, the economic and commercial organizations of this nation are mostly run with profit making ideology and accustomed to the ‘hire and fire’ style of management. Which country is referred to in the statement?
a) America
b) Australia
c) Singapore
d) New Zealand
Answer: a) America
Q6. Workers of which country are unlikely to question a superior even if, they are absolutely wrong because of the existing socio-cultural practice?
a) America
b) Japan
c) India
d) Hongkong
Answer: c) India
Q7. Which one of the independent organizational factors in 7’S Framework is meant to determine organizational process, procedures, reports, and routines and it should be the main focus for managers during organizational change?
a) Strategy
b) Structure
c) Staff
d) System
Answer: d) System
Q8. The management can analyze the effects of changing corporate culture, policies, strategies, structure, technology over the organization with the change of time. What type of advantages of 7’S approach is it related with?
a) Setting comprehensive framework
b) Analysing impact of future change
c) Linking with academic research with management
d) Aligning organizational process
Answer: b) Analysing impact of future change
Q9. It shows I am able to organize myself and offer my own ideas to any project. It’s about being the boss of mine, not the boss of a team or company. What does ‘It’ mean?
a) Self-management
b) Fund management
c) Resource management
d) Event management
Answer: a) Self-management
Q10. ___________is a part of believe in own self, team, work and ideas. And people will get it enhanced when managers will be seen achieving that exciting result by the way of better management of time. That the only thing they should do is to rely on managers. Fill up the blank.
a) Organizing
b) Problem solving
c) Confidence
d) Self-protection
Answer: c) Confidence
Previous Course – Week 4 Assignment Solutions
Q1. Qualitative forecasting technique is typically used when:
a) Managers have sufficient hard data
b) When data is limited
c) When precise data is hard to obtain
d) Both B & C
Answer: d)
Q2. Select the one that isn’t a quantitative forecasting technique:
a) Regression Modeling
b) Substitution effect study
c) Econometric models
d) Consumer Market Survey
Answer: d)
Q3. Long range plans talk about a period of more than ___ years.
a) 2 years
b) 1 year
c) 5 years
d) 2-5 years
Answer: c)
Q4. The technique that predicts one variable on the basis of the other independent variable is called:
a) Time series analysis
b) Regression
c) Forecasting
d) Econometric model
Answer: b)
Q5. HR Analytics impacts business by:
a) Ensuring greater accountability for Human Capital
b) Moving HR from being transactional to strategic role
c) Both A & B
d) None of the above
Answer: c)
Q6. Qualitative forecasting depends upon the opinions & judgments of:
a) Novices
b) Business Leaders
c) Experts
d) Employees
Answer: c)
Q7. ____________ in Delphi technique is what makes it different from Jury of Executives.
a) Inclusion of members from inside as well as outside the organization
b) Inclusion of only insiders
c) Inclusion of only outsiders
d) None of the above
Answer: a)
Q8. Select the one that is not a scheduling technique:
a) Gantt Charts
b) PERT
c) Time series
d) Load Charts
Answer: c)
Q9. Why is identification of critical path important in PERT?
a) Because quality of processes falling on critical path must be the best
b) Because critical path shows those events which will be the least-time consuming
c) Because any delay in completing events on this path would delay the completion of the entire project
d) Because critical path shows those activities which must be completed before other activities begin
Answer: c)
Q10. Why are contemporary planning techniques better?
a) Because they focus on all levels of management
b) Because they are based on huge amount of data
c) Because they emphasize flexibility
d) None of the above
Answer: c)
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