SEBI Grade A 2022– Management Practice Question | Set- 1

Correct Answer: A. They achieve their goals

Explanation: Efficiency is getting output while using less resources. Hence, an efficient manager is naturally characterised by one who produces results while using less resources.

Correct Answer – C. short range issues

Explanation: The first level managers are also called by the name of first-line managers, shop-level managers, or the supervisors. They are responsible for managing the workers—those employees who actually produce or manufacture the product or provide the service that the company offers. They are routinely influenced by short range issues as they have to deal with day-to-day management.

Correct Answer – A. Henry Mintzberg

Explanation: Henry Mintzberg, understood this and organized the roles of management systematically in his 1990 book Mintzberg on Management: Inside our Strange World of Organizations. Since then, the PhD from MIT and internationally renowned academic and author on business and management has gone on to stress the importance of practical application of business theory. Mintzberg maintains that management is often more art than science, evident in his very practical and applicable model outlining 10 Management Roles:

Correct Answer – C. Decisional

Explanation:  Mintzberg divides managerial work into three categories: interpersonal roles, informational roles and decisional roles. These roles require developing peer relationships, carrying out negotiations, motivating subordinates, resolving conflicts, establishing information networks, making decisions with little or ambiguous information and allocating resources.

Correct Answer – D. Allocating some of the resources of the organisation

Explanation: Under Mintzberg 10 Managerial roles Decisional Category’s, You’ll also need to determine where organizational resources are best applied. This involves allocating funding, as well as assigning staff and other organizational resources.

Correct Answer – C. General manager

Explanation: A general manager or GM is an executive who has overall responsibility for managing both the revenue and cost elements of a company’s income statement , known as profit & loss (P&L) responsibility. A general manager usually oversees most or all of the firm’s marketing and sales functions as well as the day-to-day operations of the business. Frequently, the general manager is responsible for effective planning, delegating, coordinating, staffing, organizing, and decision making to attain desirable profit making results for an organization.

Correct Answer – D. Is in charge of support functions such as finance, personnel or legal matters

Explanation: Staff manager is the executive who provides information, advice, or technical assistance to aid line managers; does not have the authority to give orders outside his or her own department or to compel line managers to take action. Staff Manager is an assistant and advises line managers in accomplishing the basic goals.

Correct Answer – B. Economic batch quantity

Explanation: Interpersonal Roles-

• Figurehead – includes symbolic duties which are legal or social in nature.
• Leader – includes all aspects of being a good leader. This involves building a team, coaching the members, motivating them, and developing strong relationships.
• Liaison – includes developing and maintaining a network outside the office for information and assistance.

Correct Answer – B. Democratic

Explanation:  Democratic approaches rely on taking on board other people’s opinions and views.

Correct Answer – D. Strategic

Explanation: Leaders who contribute to radically altering the environment are strategic in thinking.