(A) Operational plans
(B) Strategic plans
(C) Tactical plans
(D) Budgetary plans
Tag: Economics Mcqs With Answers
The principle of “Division of Labor” was given by:
(A) Frederick Taylor
(B) Joseph Juran
(C) Adam Smith
(D) W. Edwards Deming
Which one of the following is an example of organization?
(A) Hospitals
(B) Colleges
(C) Factories
(D) All of the given options
When objectives are not written down or rarely verbalized, and the planning is general and lacks continuity, which of the following types of planning is used?
(A) Environmental planning
(B) Economic planning
(C) Informal planning
(D) Formal planning
Which of the following is called an input to a system?
(A) Materials
(B) Products
(C) Services
(D) Employee behavior
Low level management has a complete authority to make decisions in case of:
(A) Centralization
(B) Decentralization
(C) Scalar Chain
(D) Order
Discrepancy between existing and a desired state of affairs is called:
(A) Opportunity
(B) Solution
(C) Weakness
(D) Problem
First-line managers are responsible to report to:
(A) Top level mangers
(B) Middle-level mangers
(C) Supervisors
(D) Operational mangers