All India Management Association (AIMA) 2007 M.B.A Marketing Management Introduction to Management - I - Question Paper

rapidly growing market. The division is very competitive and has rapid growth potential. Which of the
subsequent strategies is ideal for the Jasmine beauty soaps division?
(a) Not to invest more in the business, instead use the surplus for supporting businesses that have
growth potential
(b) Invest more funds for future growth
(c) Remain status quo
(d) Fortify and defend the current market position
(e) Sell the unit as early as possible.


42. Authority is vital for a manager. Without authority, a manager cannot get the tasks accomplished by
others (subordinates). The authority to control the functions of other departments, related to specific tasks
is known as
(a) Functional authority
(b) Formal authority
(c) Informal authority
(d) Managerial authority
(e) Operational authority.


43. Many decisions fail after the final option has been made, despite progressing in a systematic manner,
most likely because
(a) It may have been the wrong option
(b) The decision criteria may have been incorrect
(c) People affected fail to accept the solution
(d) Satisficing may have occurred
(e) Too much time may have been spent on analysis of options.


44. If planning focuses on deciding what to do, organizing focuses on how to do it. Organizing as a
management function includes all of the subsequent activities other than
(a) Creating the right condition for utilization of organizational resources
(b) Specifying subordinates authority and responsibility
(c) valuation of the subordinates performance at set intervals
(d) Providing necessary info and tools for effective performance of subordinates
(e) Setting verifiable objectives and clear picture of the major duties to be performed.


45. As the business environment is subject to change, a planner has to make assumptions about the
environment in which the plan is going to be carried out. The planners are needed to lay down the
boundaries or limitations within which plans are to be implemented. These assumptions about the
environment are called
(a) Probabilities
(b) Planning premises
(c) Organizational objectives
(d) Tactics

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