Correct Answer: Commercial paper
 

Solution : The correct answer is (a) Commercial paper

Commercial paper is a short-term unsecured promissory note issued by corporations to raise funds quickly. It is a common choice for businesses looking for short-term financing to support various operational needs, including acquisitions. It provides a quick and cost-effective way to access funds, making it suitable for financing acquisition plans in the short term.

Correct Answer: It allocates funds effectively for innovation projects

Solution : The correct answer is (c) It allocates funds effectively for innovation projects

Financial planning plays a crucial role in guiding LMN Ventures' research and development (R&D) goals by effectively allocating funds for innovation projects. Proper financial planning ensures that resources are allocated to R&D initiatives in a strategic and efficient manner, enabling the organization to pursue its research and innovation goals effectively. This involves budgeting, forecasting, and determining the financial resources needed to support various R&D projects and activities.

Correct Answer: Implementing the plan 

Solution : Implementing the plan is the step where other managerial functions also come into the picture. The step is concerned with putting the plan into action, i.e., doing what is required. For example, if there is a plan to increase production then more labour, more machinery will be required. This step would also involve organising for labour and purchase of machinery
Hence, Option 1 is the correct answer.

Correct Answer: To maintain a competitive edge.

Solution : The correct answer is (b) To maintain a competitive edge.

Controlling is important for ABC Furniture, as it helps the company monitor and manage its operations to ensure that they are running efficiently and effectively. In a highly competitive market, maintaining a competitive edge is crucial for the company's success. By implementing control systems, ABC Furniture can continuously assess its production process, quality standards, costs, and other aspects of its operations. This allows the company to identify areas for improvement, make necessary adjustments, and ensure that it remains efficient and capable of competing effectively against its rivals.

Correct Answer: Identifying potential risks
 

Solution : The correct answer is (b) Identifying potential risks

Identifying potential risks is a crucial initial step because it allows the company to understand the challenges and uncertainties associated with revamping production processes. By assessing potential risks, XYZ Manufacturing Company can develop strategies to mitigate these risks and ensure a more successful planning and implementation process.

Correct Answer: Proactive monitoring and evaluation

Solution : The correct answer is (c) Proactive monitoring and evaluation.

Systematic planning and control in scientific management involves carefully designing and implementing plans, procedures, and control mechanisms to ensure that work is carried out efficiently and effectively. It emphasizes proactive monitoring and evaluation of work processes to identify areas for improvement, track progress, and make necessary adjustments. This feature involves setting performance standards, measuring performance against those standards, and continuously monitoring and evaluating performance to ensure that goals and targets are being met.

Correct Answer: Both assertion and reason are correct, and the reason explains the assertion.
 

Solution : The correct answer is (a) Both assertion and reason are correct, and the reason explains the assertion.

The assertion is correct because the management principles of planning, organizing, leading, and controlling are indeed interrelated and interdependent. They work together as part of the management process to achieve organizational goals. For example, planning sets the direction, organizing allocates resources, leading guides and motivates employees, and controlling ensures that activities align with the plan.

The reason is also correct because it explains why these functions are interrelated and interdependent. Each function supports and complements the others to ensure that the organization operates efficiently and effectively. Therefore, the reason provides a logical explanation for the assertion.

Correct Answer: Dividends on these shares must be paid before any arrears
  

Solution : The correct answer is (b) Dividends on these shares must be paid before any arrears

Cumulative preference shares entitle the shareholders to receive their fixed dividends before any dividends are paid to equity shareholders. If the company is unable to pay dividends in a particular year, the unpaid dividends accumulate and must be paid in future years before any dividends are distributed to equity shareholders. This ensures that the preference shareholders receive their dividends, including any unpaid amounts from previous years, before equity shareholders receive any dividends.

Correct Answer: Reserve Bank of India

Solution : The correct option is the Reserve Bank of India.

The RBI is the central banking organisation in charge of governing and managing the nation's credit and money supply. To preserve price stability and ensure sufficient credit flow to sustain economic growth, it develops and implements monetary policy. Open market operations, reserve requirements, and the policy repo rate are just a few of the techniques and instruments the RBI utilises to control the amount of money in the economy. These instruments are employed to control interest rates, inflation, and overall economic stability.

Correct Answer: The assertion is incorrect, but the reason is correct.

Solution : The correct answer is (d) The assertion is incorrect, but the reason is correct.

The assertion is incorrect. Coordination is an ongoing and continuous function of management that does not occur only once. It is vital throughout the management process and involves ensuring that activities and efforts align to achieve organizational goals.

The reason is correct. Coordination is integral to the management process and spans across all stages, from planning to controlling.