Function of Manager Questions and Answers PDF Download eBook p. 6

MCQ: According to management theories a manager should possess different skills. Which suits best from following?

1. Ability to create, initiate and plan out an idea
2. To have technical knowledge and possess specialized expertise.
3. To be able to work with others individually as well as in groups.
4. All of the above.

MCQ: Cash flow problems can be solved by

1. increasing the salaries of the production staff
2. reducing operational expenses
3. Delaying the expenses on less important items
4. Increasing the advertisement of new products

MCQ: Poor management of cash leads to a total business failure. Precautionary motive of holding cash means

1. Using cash with extra precaution
2. Keeping cash reserve for any unanticipated short term demand
3. Utilizing the cash to pay off debt
4. Holding the cash to utilize it for internal projects

MCQ: Line of credit is a term frequently used in business terminology. It refers to

1. The use of credit facility in the operational activities
2. The maximum amount of loan an organization can avail
3. The basis on which credit can be utilized
4. The limits set for acquiring credit

MCQ: Critical path planning is a tool use to endure that all tasks are segregated and properly assigned to staff. possible sequence/process of this tool would be

1. Locate the project, list the stages, plan out the completion dates, assign work to the relevant staf
2. Locate the project, plan out the resources, decide the salaries, assign the work
3. Segregate duties, allocate resources, assign the work to each person
4. List the stages of the plan, assign the work, monitor the work