SEBI Grade A 2022– Management Practice Question | Set- 3

Correct Answer: C. 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:  B. 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: D. Henry Mintzberg

Correct Answer:  B. Decisional

Correct Answer: A. Allocating some of the resources of the organization

Correct Answer: B. Negotiating

Correct Answer: D. figurehead

Correct Answer: B. 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: A. 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: D. Leader

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.

Informational Roles

• Monitor – includes seeking information regarding the issues that are affecting the organization. Also, this includes internal as well as external information.
• Disseminator – On receiving any important information from internal or external sources, the same needs to be disseminated or transmitted within the organization.
• Spokesperson – includes representing the organization and providing information about the organization to outsiders.

Decisional Roles

• Entrepreneur – involves all aspects associated with acting as an initiator, designer, and also an encourager of innovation and change.
• Disturbance handler – taking corrective action when the organization faces unexpected difficulties which are important in nature.
• Resource Allocator – being responsible for the optimum allocation of resources like time, equipment, funds, and also human resources, etc.

● Negotiator – includes representing the organization in negotiations which affect the manager’s scope of responsibility.