Industrial Management Unit I
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____ is getting things done through and with other people.
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Managing
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Controlling
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Directing
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None of the above
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This quiz covers key concepts in Industrial Management Unit I, focusing on management, direction, leadership, mass production, and productivity.
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- 2.
Raw material productivity can be increased by
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Proper choice of design
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Reuse of material
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Reuse of material
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All of the above
Correct Answer
A. All of the aboveExplanation
Raw material productivity can be increased by proper choice of design, which means designing products in a way that minimizes waste and maximizes the use of raw materials. Reusing materials also contributes to increased productivity as it reduces the need for new raw materials. By reusing materials, companies can save costs and resources, leading to improved productivity. Therefore, all of the mentioned options - proper choice of design and reuse of materials - can contribute to increased raw material productivity.Rate this question:
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- 3.
The elimination of which of the following will improve industrial productivity
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Excess time
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Ineffective time
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Both (A) and (B)
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None of the above
Correct Answer
A. Both (A) and (B)Explanation
Eliminating excess time and ineffective time will both contribute to improving industrial productivity. Excess time refers to any unnecessary or wasteful time spent on non-value-added activities, while ineffective time refers to time spent on activities that do not produce the desired results. By eliminating both excess time and ineffective time, companies can streamline their processes, reduce waste, and focus on activities that directly contribute to productivity. Therefore, both (A) and (B) are correct answers as they both address different aspects of improving industrial productivity.Rate this question:
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- 4.
Productivity can be measured in which of the following input resource(s)
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Material input
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Labour input
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Capital and Land Input
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All of the above
Correct Answer
A. All of the aboveExplanation
Productivity can be measured by considering the input resources that contribute to the production process. In this case, the input resources include material input, labor input, capital input, and land input. By measuring the efficiency and output of each of these resources, we can determine the overall productivity of a system or process. Therefore, the correct answer is "All of the above" as all of these input resources are relevant in measuring productivity.Rate this question:
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- 5.
A__________ provides for the greatest degree of continuity:
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Partnership
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Joint venture
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Corporation
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Sole proprietorship
Correct Answer
A. CorporationExplanation
A corporation provides for the greatest degree of continuity because it is a separate legal entity from its owners. This means that even if the owners change or pass away, the corporation can continue to exist and operate. It can also easily transfer ownership through the buying and selling of shares. Additionally, a corporation has perpetual existence, meaning it can have a long lifespan and is not dependent on the lifespan of its owners. This allows for stability and continuity in the business operations.Rate this question:
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- 6.
Which of the following is NOT a feature of a limited company?
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The immunity from criminal prosecutions of the directors of a company.
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The limited liability of the shareholders
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The perpetual succession of the business
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The separate legal personality of the company
Correct Answer
A. The immunity from criminal prosecutions of the directors of a company.Explanation
A limited company is a separate legal entity from its directors and shareholders, which means that the company is responsible for its own actions and liabilities. The directors of a limited company are not immune from criminal prosecutions and can be held personally liable for any illegal activities or misconduct. This is different from the concept of limited liability, where the shareholders are only liable for the company's debts up to the amount they have invested in the company. The perpetual succession of the business refers to the company's ability to continue its existence even if the directors or shareholders change. The separate legal personality of the company means that it is treated as a distinct legal entity, separate from its owners.Rate this question:
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- 7.
The resources utilized for production are
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Materials, Machines, Manpower
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Materials, Methods, Machines
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Machines, Manpower, Methods
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Methods, Machine, Manpower
Correct Answer
A. Materials, Machines, ManpowerExplanation
The correct answer is Materials, Machines, Manpower. These are the three key resources that are utilized in the production process. Materials refer to the raw materials or components that are used to create the final product. Machines are the equipment or tools used in the production process. Manpower refers to the human labor or workforce involved in the production. These three resources are essential for the production of goods or services.Rate this question:
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- 8.
Which of the following is an example of a public corporation?
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LIC of India
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Hindustan Machine Tools (HMT)
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Bharat Heavy Electricals Ltd. (BHEL)
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The Hindustan Steels
Correct Answer
A. LIC of IndiaExplanation
LIC of India is an example of a public corporation because it is owned and controlled by the government. It was established under the Life Insurance Corporation Act of 1956 and operates as a state-owned insurance group. As a public corporation, LIC of India functions to provide life insurance services to the public and is accountable to the government.Rate this question:
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- 9.
Which of the following is an advantage of a sole proprietorship?
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Ease of starting a business
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Being your own boss
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Pride of ownership
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All of the above
Correct Answer
A. All of the aboveExplanation
A sole proprietorship offers the advantage of "all of the above". This means that it encompasses multiple benefits, including ease of starting a business, being your own boss, and the pride of ownership. As a sole proprietor, you have the freedom to start your business without complex legal procedures, have complete control over decision-making, and take pride in owning and running the business independently. This option highlights the comprehensive advantages associated with a sole proprietorship.Rate this question:
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- 10.
Which of the following is NOT an example of a business organisation?
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A sole trader
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An employee
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A limited company
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A limited liability partnership
Correct Answer
A. An employeeExplanation
An employee is not an example of a business organization because an employee is an individual who works for a business organization, rather than being the organization itself. A business organization typically refers to a legal entity that is formed for the purpose of conducting business activities, such as a sole trader, a limited company, or a limited liability partnership. These entities have separate legal identities from their owners or members, and they can enter into contracts, own assets, and incur liabilities. An employee, on the other hand, is an individual who provides labor or services to the organization in exchange for wages or salary.Rate this question:
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- 11.
Productivity =
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Input / Output
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Output / Input
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Output – Input
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Input – Output
Correct Answer
A. Output / InputExplanation
The correct answer is "Output / Input" because productivity is a measure of how efficiently resources are being used to produce output. In this formula, the numerator represents the output, which is the desired result or outcome, and the denominator represents the input, which is the resources or effort put into achieving that result. Dividing the output by the input gives us a ratio that indicates the efficiency of the production process.Rate this question:
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- 12.
____ is mainly concerned with the people who put the plan in action.
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Controlling
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Direction
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Managing
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None of the above
Correct Answer
A. DirectionExplanation
Direction is mainly concerned with the people who put the plan in action. This involves providing guidance, setting goals, and ensuring that the plan is executed effectively. Controlling is more focused on monitoring and evaluating the progress of the plan, while managing involves overseeing the overall operations and resources of an organization. Therefore, direction is the most appropriate answer in this context.Rate this question:
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- 13.
Mass production is characterized by
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Low volume high variety
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High volume low variety
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High volume high variety
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Low volume low variety
Correct Answer
A. High volume low varietyExplanation
Mass production is a manufacturing process that involves producing a large volume of standardized products. It is characterized by high volume, meaning a large quantity of products is produced, and low variety, meaning that the products are standardized and not customized. This allows for efficient production and cost savings due to economies of scale.Rate this question:
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- 14.
In relation to a private limited company and a public limited company, which of the following are correct: i) Only one shareholder is necessary and no secretary is required for a private limited company. ii) The public limited company must hold an Annual General Meeting each calendar year. iii) Only the private limited company may offer its shares to the public.
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I only
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I, ii and iii.
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Ii and iii
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I and iii
Correct Answer
A. I, ii and iii.Explanation
A private limited company can have one or more shareholders, and it is not required to have a secretary. A public limited company must hold an Annual General Meeting each calendar year. Both private and public limited companies have the ability to offer their shares to the public. Therefore, all the statements i, ii, and iii are correct.Rate this question:
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- 15.
Leadership is a process
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Of influencing people
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Of giving orders that subordinates must accept
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To talk and write clearly and forcefully.
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All of the above
Correct Answer
A. Of influencing peopleExplanation
The correct answer is "of influencing people" because leadership involves the ability to guide and motivate others towards a common goal. By influencing people, leaders are able to inspire and persuade individuals to follow their direction and make positive changes. This explanation aligns with the definition of leadership as a process of influencing others rather than giving orders or simply communicating effectively.Rate this question:
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Current Version
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Jan 30, 2023Quiz Edited by
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Mar 26, 2020Quiz Created by
Manish Singh
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