Principles of Management | Week 1
Session: JAN-APR 2024
Course Name: Principles of Management
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These are Principles of Management Week 1 Assignment 1 Answers
Q1. Which of the following statements are true:
1. Top-level managers primarily require a high level of organizing functions.
2. First-level managers require the highest proficiency in leading functions.
3. Middle managers formulate the vision, mission, goals, and objectives.
4. Operational functions and technical proficiency are needed by the first-level managers.
5. Top managers focus on building interpersonal relationships and developing trust and empathy.
1,3,5
2 and 4
4 only
1, 2, 4
2, 3, 4
Answer: 1, 2, 4
Q2. As the head of a project team, Rajat faced a challenge when team members seemed demotivated and lacked direction. Recognizing the need for inspiration, she held team-building sessions, encouraged open communication, and set clear goals. What aspects of managerial skills are required by Rajat?
Problem-solving skills
Organizing skills
Leading skills
Planning skills
Controlling skills
Answer: Leading skills
Q3. A multinational corporation implemented a new PMS (Performance Management System) to ensure that its subsidiaries across the globe adhere to established standards. The system includes regular performance assessments, KPIs, and feedback mechanisms. Managers utilize this to monitor and regulate the organizational processes effectively and efficiently. What aspect of management is exemplified in this case study?
Planning
Controlling
Organizing
Leading
Answer: Controlling
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These are Principles of Management Week 1 Assignment 1 Answers
Q4. Which statement best describes the difference between a vision and a mission?
A vision outlines specific objectives; a mission emphasizes the overall purpose of the organization
A vision focuses on short-term goals; a mission is concerned with long-term goals
A vision defines the company’s value; a mission is concerned with strategic objective
A vision is futuristic in nature; A mission communicates the fundamental reasoning behind its existence
Answer: A vision is futuristic in nature; A mission communicates the fundamental reasoning behind its existence
Q5. In the maturity stage of the organizational lifecycle, a company faces stabilized growth and heightened competition. To sustain its market position, the management has decided to implement a strategy. What strategy is most suitable for the scenario?
Market penetration through aggressive advertising and promotions
Product diversification to explore new markets and customer segments
Cost leadership by streamlining operations
Divestment or Exit from the market due to the declining profitability and stagnation of the market share
Answer: Market penetration through aggressive advertising and promotions
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These are Principles of Management Week 1 Assignment 1 Answers
Q6. Which of the following skills is typically not included in the category of human skills?
Technical Expertise
Emotional Intelligence
Teamwork and Collaboration
Communication Skills
Answer: Technical Expertise
Q7. Among the following options, which is not typically considered a decisional role of managers?Entrepreneur
Resource Allocator
Leader
Negotiator
Answer: Leader
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These are Principles of Management Week 1 Assignment 1 Answers
Q8. The future of the work demands:
Specialization in narrow fields and static expertise
Continuous learning, adaptability, and a diverse skillset
Emphasis on traditional skillsets and resistance to change
Dependence on routine task and fixed career trajectories
Answer: Continuous learning, adaptability, and a diverse skillset
Q9. The leading function does not include:
Developing interpersonal relations
Encouraging, motivating, and resolving interpersonal conflicts
Face to face interaction, communication with members
Ensure members actions are consistent with organizational values and standards
Answer: Ensure members actions are consistent with organizational values and standards
These are Principles of Management Week 1 Assignment 1 Answers
Q10. Whose responsibility is to manage customer expectations?
The entire organization and all employees
External consultant hired for customer relations
Exclusively the customer service team
Only the marketing department
Answer: The entire organization and all employees
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These are Principles of Management Week 1 Assignment 1 Answers
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Session: JAN-APR 2023
Course Name: Principles of Management
Course Link: Click Here
These are Principles of Management Week 1 Assignment 1 Answers
Q1) Studying both mainstream and multi-stream management is beneficial as:
a. It reminds us that management is not value-neutral – There are moral responsibilities inherent in being a manager.
b. It helps you to understand where you and the other managers lie along a continuum
c. None of these options
d. It reminds us that management is not value-neutral – There are moral responsibilities inherent in being a manager and it also helps us to understand where we and other other managers lie along a continuum
Answer: d. It reminds us that management is not value-neutral – There are moral responsibilities inherent in being a manager and it also helps us to understand where we and other other managers lie along a continuum
Q2) Which function of management decides about designing structures and allocating resources to people:
a. Planning
b. Organizing
c. Leading
d. Controlling
Answer: b. Organizing
Q3) Identify the definition to multi-stream approach of management:
a. Management is the art of getting things done through and with people in formally organized groups.
b. Management is a multi-purpose organ that manages a business, manages managers and manages workers and work.
c. Management is the process of planning, organizing, leading, controlling human and other organizational resources with the aim of achieving organizational goals efficiently and effectively.
d. The process of planning, organizing, leading, controlling human and other organizational resources with the aim of achieving organizational goals virtuously and effectively.
Answer: d. The process of planning, organizing, leading, controlling human and other organizational resources with the aim of achieving organizational goals virtuously and effectively.
These are Principles of Management Week 1 Assignment 1 Answers
Q4) Statement 1: Coach takes care of the professional development of subordinate employees
Statement 2: Nurtures takes care of the professional and personal development of employees
a. Statement 1 is correct, statement 2 is incorrect
b. Statement 1 is incorrect, statement 1 is correct
c. Both statements are incorrect
d. Both statements are correct
Answer: d. Both statements are correct
These are Principles of Management Week 1 Assignment 1 Answers
Q5) The increased emphasis on organizational and managerial ethics has led to the following impact of change:
a. Discrimination concerns
b. Work-life balance
c. Increased accountability
d. Shifting organizational boundaries
Answer: c. Increased accountability
These are Principles of Management Week 1 Assignment 1 Answers
Q6) Identify the skills that middle managers need to possess:
a. Technical Skills
b. Human Skills
c. Conceptual Skills
d. All the skills
Answer: b. Human Skills
Q7) Identify the Mintzberg’s managerial role which can be categorized as decisional:
a. Spokesperson
b. Leader
c. Disturbance Handler
d. Liaison
Answer: c. Disturbance Handler
These are Principles of Management Week 1 Assignment 1 Answers
Q8) The individuals who manage the work of first-line managers in an organization are:
a. Executive managers
b. Top managers
c. Middle managers
d. First-line managers
Answer: c. Middle managers
Q9) The specific actions or behaviours expected of a manager are referred to as:
a. Responsibilities
b. Functions
c. Skills
d. Roles
Answer: d. Roles
These are Principles of Management Week 1 Assignment 1 Answers
Q10) Which among the following is a mainstream approach of management:
a. Striking a balance to maintain ecological safety, social justice, and emphasis on human dignity and happiness
b. Maximising benefits of multiple stakeholders
c. Maximisation of profit
d. Addressing problems of workplace diversity
Answer: c. Maximisation of profit
These are Principles of Management Week 1 Assignment 1 Answers
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