CAIIB – ABFM – Mock Test- 01
Hello Student
Welcome and congratulations on deciding to use this Quiz!!
Successfully answering the questions will improve your understanding of the concept and help you score better in your exam.
IMPORTANT NOTE : Pl click all questions, so that you can see correct / incorrect status of you attempted test
Here is your Test…….. All the best
1.
What is the primary purpose of planning in management?
2.
What challenge may arise if a company does not have a clear understanding of how employee satisfaction contributes to its long-term success?
3.
What is one of the key purposes of engaging in the planning process described?
4.
What are the key strategies discussed for better management of change in the workplace? A) Gaining an understanding of the change process B) Acquiring an awareness of the drivers of change C) Ambiguity in communication D) Be ready to overcome obstacles
5.
The functions of management encompass various aspects of organizational activities. Which of the following are considered part of the "Planning" function of management? A) Setting goals and objectives B) Selecting the future course of action C) Allocating responsibility and authority D) Monitoring and measuring performances
6.
What is a common practice in Human Resource Development (HRD), even with the proliferation of online learning?
7.
What factors affect the requirement for the number and types of managers in an organization?
8.
Why might employees in a centralised organisation feel disenfranchised?
9.
What aspect of the organization does the Management by Objectives (MBO) approach frequently disregard?
10.
What are the objectives of performance appraisals of an employee? A) Comparing actual performance to established standards B) Maintaining records for compensation and salary structure C) Discovering strengths and limitations of employees D) Conducting regular communication between managers and employees
11.
What is the term "authority" referring to in the context of a specific job, function, or situation within an organization?
12.
What are some potential causes of high turnover rates in any organisation? A) Employees unhappy with management and leadership B) Employees seeking increased recompense C) Employees having no opportunities for advancement D) Employees having a high level of satisfaction with their jobs
13.
What is the primary purpose of creating a formal organizational structure in management?
14.
What are the stages involved In the Kubler-Ross Five Stage Model?
15.
What is the primary purpose of evaluating various possible courses of action in the decision-making process?
16.
What are the advantages and disadvantages of Management by Objectives (MBO)? A) Advantages of MBO include providing a means for determining one's goals, enabling proactive planning, preparing for unforeseen circumstances, and improving overall efficiency. B) Disadvantages of MBO include time-consuming goal setting, generating more paperwork, requiring collaboration, and potentially stifling creativity.
17.
What does the staffing process encompass in the functions of staffing? A) Personnel planning B) Procurement (selection and placement) C) Marketing and advertising D) Financial management
18.
Which of the following are steps involved in contingency planning? A) Specifying trigger points B) Assessing the impact of each contingent event C) Developing alternate plans D) Purchasing an insurance policy
19.
How does management contribute to innovation and staying ahead of competition in an organization?
20.
Which leadership style emphasizes adhering to existing routines and procedures rather than creating radical changes within an organization?
DO NOT CLICK ‘SUBMIT’ BUTTON, WITHOUT READING THE FOLLOWING
1) Answers shall appear when you click ‘SUBMIT’ button, below.
2) If answer given by you is correct, it will be shown in GREEN font.
3) If answer given by you is incorrect, it will be shown in RED Font in addition to correct answers shown in GREEN Font.
4) If you want to improve your score, we suggest you to practice the following QUESTION BANK after revising the concepts.
