Chapter: Controlling
1.

State the stage at which the preventive control takes place.

A. Input
B. Output
C. Process
D. None of the above
Answer» A. Input
2.

The formal control deals with-------------------

A. Price and shared Values
B. Rules and Procedures
C. Trust
D. Competition
Answer» B. Rules and Procedures
3.

The clan control deals with ---------------------------

A. Authority
B. Profit Centres
C. Rules and Standards
D. Expectations
Answer» D. Expectations
4.

Controlling in management is of ------------------------- type

A. Preventive
B. Corrective
C. Preventive and Corrective
D. All of the Above
Answer» C. Preventive and Corrective
5.

How many steps are there in the controlling process?

A. 2
B. 3
C. 4
D. 5
Answer» C. 4
6.

Screening Control is otherwise called as ----------------

A. Feedforward Control
B. Concurrent Control
C. Feedback Control
D. Cascade Control
Answer» B. Concurrent Control
7.

Give the time period for long term budget

A. 6 Months
B. 12 Months
C. 15 Months
D. More than a year
Answer» D. More than a year
8.

Give an example for a long budget.

A. Cash Budget
B. Basic Budget
C. Current Budget
D. None of the above
Answer» B. Basic Budget
9.

Balance Sheet is an example of ------------------- budget

A. Fixed
B. Flexible
C. Long term
D. Master
Answer» D. Master
10.

Assertion: Budgets are better expresses in quantities than monetary hours. Reason: Money cannot measure the resources used and the result obtained.

A. Assertion is True and Reason is False
B. Assertion is False and Reason is False
C. Assertion is False but Reason is Acceptable
D. Assertion is True and Reason is True
Answer» D. Assertion is True and Reason is True
11.

Capital budget is a---------------------------------- budget.

A. Long term budget
B. Material Budget
C. Short Term Budget
D. Cash Budget
Answer» A. Long term budget
12.

Give an example for budgetary control Techniques.

A. PERT
B. GANTT
C. Zero based Budget
D. Audit
Answer» C. Zero based Budget
13.

Relationship between revenues and expenses is given by

A. Audit
B. Breakeven point Analysis
C. Profit and loss budget
D. PERT
Answer» B. Breakeven point Analysis
14.

State a tool to evaluate Project execution and completion time.

A. Time Budget
B. Functional Budget
C. Variable Budget
D. PERT
Answer» D. PERT
15.

Economic Productivity= --------------------

A. Output/input
B. Value/Cost
C. Input/Output
D. Cost/Value
Answer» B. Value/Cost
16.

Physical Productivity= ------------------------------------

A. Output/input
B. Cost/Value
C. Amount of product/resources
D. Value of Product /resources
Answer» C. Amount of product/resources
17.

Economic Productivity=---------------------------------------------

A. Output/input
B. Cost/Value
C. Amount of product/resources
D. Value of Product /resources
Answer» D. Value of Product /resources
18.

An Example of Direct Control --------------------------------

A. Authority
B. Responsibility
C. Credit policy
D. Documentation
Answer» C. Credit policy
19.

--------------------------------- is a preventive control

A. Authorization
B. Credit Policy
C. Fiscal policy
D. All of the above
Answer» A. Authorization
20.

Management Information System deals with -----------------------------

A. Document Preparation
B. Record Keeping
C. Business Planning
D. All of the Above
Answer» D. All of the Above
21.

State the basic principle behind Pareto diagrams.

A. 80/20 rule
B. Scientific Method of tracking
C. Visualization of Process
D. None of the above
Answer» A. 80/20 rule
22.

State the basic principle behind Control charts and Scatter Plot.

A. 80/20 rule
B. Scientific Method of tracking
C. Visualization of Process
D. None of the above
Answer» B. Scientific Method of tracking
23.

Give an example of the chart that has boundary lines or limits.

A. Pareto Diagrams
B. Control Charts
C. Process Mapping
D. Cause and Effects diagrams
Answer» B. Control Charts
24.

Fishbone diagrams are called as ------------------------------------

A. Scatter Plots
B. Control Charts
C. Pareto Diagrams
D. Cause and Effects Diagrams
Answer» D. Cause and Effects Diagrams
25.

The limitation in Operations Research is--------------------------------

A. Data Collection
B. Formulating Control and Objectives
C. Validating Model and output
D. Formulating human behavior
Answer» D. Formulating human behavior
26.

Among the following businesses, which business offers full control over foreign markets?

A. Exporting
B. FDI
C. Licensing
D. Franchising
Answer» B. FDI
27.

By having -------------------------------, multinational companies prevent their competitors to grow.

A. Government Power
B. Market Withdrawal
C. Lobbying
D. Patents
Answer» D. Patents
28.

Statistical Analysis falls under ------------------------------------------

A. Budgetary Control Technique
B. Non- Budgetary Control Technique
C. Maintenance Control Technique
D. Cost Control Technique
Answer» B. Non- Budgetary Control Technique
29.

State the Category under which the Financial Statements fall.

A. Purchase Control
B. Maintenance Control
C. Quality Control
D. Cost Control
Answer» C. Quality Control
30.

Prime Vending is a form of -------------------------- buying

A. Formal
B. Informal
C. Prime
D. Open Market
Answer» A. Formal
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