Principles and Practices of Management

231. Combining several business units is called as ______________.

  1. merger.
  2. acquisition.
  3. integration.
  4. retreat.
Correct answer: (A)
merger.

232. The duration of short term plan is ______________.

  1. 18 months.
  2. 16 months.
  3. 14 months.
  4. 12 months.
Correct answer: (D)
12 months.

233. The external environment factor that includes: Factors that have a less immediate effect on a business such as the nation's rate of inflation or recession, unemployment rate, or standard of living, is ______________.

  1. political factors.
  2. sociological factors.
  3. indirect economic factors.
  4. direct economic factors.
Correct answer: (C)
indirect economic factors.

234. A manufacturing company has divided its departments into pattern making, fabric cutting, and fabric coloring. What type of departmentalization is this?

  1. Geography Departmentalization.
  2. Process Departmentalization.
  3. Matrix/Project Departmentalization.
  4. Function Departmentalization.
Correct answer: (B)
Process Departmentalization.

235. Which type of organization is permanent and stable?

  1. Formal Organization.
  2. Informal Organization.
  3. Business Or Oganisation.
  4. Strategic Organization.
Correct answer: (A)
Formal Organization.

236. The selection of best alternative from many alternatives is known as______________.

  1. selection.
  2. decision-making.
  3. organizing.
  4. budgeting.
Correct answer: (B)
decision-making.

237. The decision taken by higher level of management is ______________.

  1. programmed decision.
  2. non-programmed decision.
  3. individual decision.
  4. non-economic decision.
Correct answer: (B)
non-programmed decision.

238. A decision taken to meet unexpected situations is known as ______________.

  1. economic decision.
  2. crisis decision.
  3. non-economic decision.
  4. problem decision.
Correct answer: (B)
crisis decision.

239. The process of dividing the large monolithic functional organization into small and flexible administrative units is called ______________.

  1. Staffing.
  2. Delegation.
  3. Departmentation.
  4. Control.
Correct answer: (C)
Departmentation.

240. The problem-solving process begins with ______________.

  1. clarification of the situation.
  2. establishment of alternatives.
  3. identification of the difficulty.
  4. isolation of the cause.
Correct answer: (C)
identification of the difficulty.
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