Correct Answer: Time study

Solution : The correct answer is (b) Time study

Time study, a technique in scientific management, involves measuring the time taken to complete a specific task accurately. It aims to analyze and determine the standard time needed to perform a task efficiently using a prescribed method. ABC Manufacturing implementing time study aligns with their goal of standardizing and optimizing work processes, as it helps in understanding and improving the time required for various tasks, ultimately enhancing productivity and efficiency.

Correct Answer: Taking corrective financial action.

Solution : The correct answer is (d) Taking corrective financial action.

The last step in the process of controlling for XYZ Corporation would be to take corrective financial action based on the comparison of financial results with targets. After comparing the actual financial performance with the predetermined targets, if there are any deviations or discrepancies, the management team would need to take corrective actions to address these issues and bring the financial performance back in line with the desired targets. This step involves making adjustments, changes, or improvements to ensure that financial goals are met and profitability is optimized.

Correct Answer: Setting objectives and goals
  

Solution : The correct answer is (a) Setting objectives and goals

Setting objectives and goals is typically the initial phase in the planning process. This step involves clearly defining what the company aims to achieve and outlining the desired outcomes. By establishing specific objectives, XYZ Manufacturing Company can provide direction for the subsequent planning steps, such as identifying potential risks, allocating resources, and evaluating alternatives. Clear goals will help guide the development of strategies and action plans to revamp their production processes and regain market share.

Correct Answer: Cooperation not individualism

Solution : According to this principal there should be corporation between management and workers instead of individualism. Competition should be replaced by cooperation.

Hence,option B is correct.

Correct Answer: Both A and R correct and R is the correct explanation of A.
 

Solution : The primary aim of Financial Management is to maximize the wealth of shareholders because companies funds belong to the shareholders and the return earned by them determine their market value and price.

Hence, option A is correct.

Correct Answer: A lack of team work and a weakness for quick profit

Solution : The correct choice is the fourth option.

The weakness of traditional Indian firms, as mentioned in the passage, is that there is a lack of teamwork and a weakness for quick profit, which makes the fourth option the appropriate choice.

Correct Answer: Placing an order
 

Solution : The correct answer is (a) Placing an order

Placing an order involves specifying the details of the trade, including the type of security to be bought or sold, the quantity, the desired price, and any other relevant information. The broker then executes this order in the stock market on behalf of GHI Enterprises. Dematerialization and opening a demat account are essential steps in the broader trading process, but they usually occur before placing an order. Settlement is a subsequent step where the actual transfer of securities and funds occurs after a trade is executed. However, placing an order is the immediate next step right after selecting a broker.

Correct Answer: Settlement

Solution : The correct answer is (c) Settlement

The step that immediately follows the execution of a trade order is "settlement." After a trade order is executed and the transaction is completed, the settlement process begins. Settlement involves the actual transfer of ownership of securities and funds between the buyer and the seller. This process ensures that the trade is settled in a systematic and secure manner, finalizing the transaction on the stock exchange.

Correct Answer: Allocating resources and assigning tasks

Solution : The correct answer is (c) Allocating resources and assigning tasks

Organizing in management is the process of arranging resources (such as human resources, finances, and physical assets) and assigning tasks and responsibilities to achieve the organization's objectives efficiently and effectively. This function involves creating a structure, coordinating activities, and ensuring that resources are utilized in a way that aligns with the organization's goals. Guiding and motivating employees is part of the leading function, setting performance standards is related to the controlling function, and monitoring employee performance is also part of the controlling function.

Correct Answer: Measurable and specific goals

Solution : The correct answer is (c) Measurable and specific goals

Measurable and specific goals are essential characteristics of effective planning for several reasons. Measurable and specific goals provide clarity about what needs to be achieved. This clarity ensures that all stakeholders, including employees, understand the objectives and can work towards them with a shared understanding. Having measurable goals allows for clear accountability. Individuals or teams can be held accountable for specific outcomes, making it easier to assess performance and allocate resources effectively. Measurability enables the evaluation of progress. By having specific criteria for success, ABC Educational Institute can assess whether the goals are being met and make adjustments to the plan if necessary.