SLO-3.2. The management process is usually thought to be composed of four key functions. Which one of the following is NOT one of those functions? Oplanning Ohiring Oorganizing Ocontrolling
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- Which of the following is the correct sequence in which cost management information is developedand used?a. Business events, data, information, analysis, decisionsb. Business events, data, analysis, information, decisionsc. Business events, information, analysis, knowledge, decisionsd. Business events, data, information, knowledge, decisions38 - Which of the following is one of the management functions predominantly found in the first level manager group? A) Decision makingB) PlanningC) AuditD) RoutingE) OrganizingThe major reason for the planning to be considered as the primary function is because it: a. Guarantees the profit of the company. b. Provides the basis for the rest of the management functions. c. Does not include future action and it is easy to formulate. d. Involves only solving previous problems faced by the company.
- In an IMS, an advantage is Select one: a. External audits should be performed only. b. Internal audits should be performed only. c. Identifies objectives and priorities to be met.Data System management has long-term viability as a separate business function because An integrated database accessible to all requires independent management wy?21) It is the core executive team, CEO, COO, and CTO, that makes decisions on strategy. True or False? True False
- It is crucial in the present customer centric business environment which requires thecompanies to work not only towards reducing the costs but to manage the operatingactivities effectively.Identifying the non-value added activities and eliminating them to avoid wastage, thishelps in continuous flow of value added services to the customers. In addition to activityaudit there are certain additional approaches which strengthens the activity audit. Discuss the approaches which have been proved useful under efficient activitymanagement practices with its best summary33 The business function is defined as "planning, organization, execution, coordination and control activities in order to bring together the materials, machinery and human resources in the hands of the enterprise in a way that will ensure that a certain amount of goods or services are produced at the desired quality, at the desired time and at the lowest possible cost". which one? a) Production B) Financing NS) Human Resources D) Marketing TO) managementWhile overseeing a construction project, you discovered that one of the team members, on her own initiative, added extra windows to increase air circulation and light in the basement. The original plan did not include the cost of these extra windows, but the team member thought they were absolutely required due to poor air circulation and low light in the basement. This is an example of which of the following? O a. Exceeding customer expectations O b. Creative team member O c. Creating customer value O d. Scope creep O O
- 9 _________is a continuous process which helps in planning, coordination and control. a. All of these b. Budgetary control c. Budget d. BudgetingWhich of the following is not a question to ask to evaluate an industry? * What opportunities does the industry face? How crowded is the industry? How meager is the industry? How intense is the level of competition in the industry?38-An elementary description of things, events , activities, and transactions is: O a Knowledge b Database Oc .Information O d. Data Item