Question :
On the basis of the information given in the case, answer the next five questions.
A Maharatna Company, Indian Oil
Indian Oil is India's largest commercial organisation. It is the top-ranked Indian company in the Fortune 'Global 500 ' listings (2017). Indian Oil's vision is drawn by a group of dynamic leaders, who have made it a name to reckon with. With an over 34,000 strong workforce, a Maharatna Company, Indian Oil has been helping to meet India's energy demands and reaching petroleum products in every part of India for over five decades.
Identify the function of management highlighted in the above case.
Option 1: Organising
Option 2: Staffing
Option 3: Directing
Option 4: Planning
Correct Answer: Planning
Solution : Making decisions on what has to be done and how to do it in advance is called planning. It is an essential managerial task. It comprises setting objectives and coming up with plans to reach them. Planning as a function of Management, is highlighted in the given case study.
Identify the correct sequence of the Selection process :
(A) Selection decision
(B). Employment interview
(C) Selection tests
(D) Reference checking
Choose the correct answer from the options given below:
Option 1: (A), (B), (C), (D)
Option 2: (A), (C), (B), (D)
Option 3: (B), (A), (D), (C)
Option 4: (C), (B), (D), (A)
Identify the correct sequence of the Controlling process :
(A) Analysing deviations
(B) Measurement of actual performance
(C) Setting up standards
(D) Comparison of actual performance with standards
Choose the correct answer from the options below:
Option 4: (C), (B), (D),(A)
Identify the correct sequence of steps under the Planning function :
(A) Setting objectives
(B) Identifying alternative courses of action
(C) Developing premises
(D) Evaluating alternative courses of action
Choose the correct answer from the options given; below :
Option 2: (A),(C),(B),(D)
Which of the following are advantages of the functional structure of an organisation?
(A) Leads to occupational specialisation.
(B) Places less emphasis on organisational objectives.
(C) Promotes coordination and control within a department.
(D) Increases operational efficiency.
Option 1: (A), (B) and (C) only
Option 2: (A) and (B) only
Option 3: (A), (C) and (D) only
Option 4: (C) and (D) only
Question : . Find the correct sequence of needs as given by Maslow in his Need Hierarchy Theory
(A) Belongingness needs
(B) Safety and Security needs
(C) Self-actualisation needs
(D) Esteem needs
Option 1: A),(B),(C),(D)
Option 3: (B),(A),(D),(C)
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