Assertion (A) Managerial roles are dynamic in nature.Reason (R) Managerial skills define managerial roles.

Prof. . . . . . . . . has divided managerial skills into three key skills chiefly technical skills, conceptual skills and human relation skills.

A

Henry Fayol

B

FW Taylor

C

McKenzie

D

Robert Katz

Arrange the steps of succession planning in the correct sequence.
1. Define competencies required to perform roles.
2. With future orientation, assess people against criteria.
3. Identify roles for succession or replacement planning.
4. Develop employees to be ready for future key roles.
5. Identify pool of talent that can potentially perform highly in key roles.

A

1, 2, 3, 4, 5

B

2, 1, 3, 4, 5

C

3, 2, 1, 4, 5

D

3, 1, 2, 5, 4

Assertion (A) It has been suggested that while roles answer the question 'how to be interfaced with other people to reach our goals'? Functions answer the question 'what do you do to accomplish our goals'?
Reason (R) Roles are more relational while functions go beyond inter-personal relations. Functions such as planning, decision-making etc may not necessarily involve working with others and several managerial functions can be performed without communication with people.

A

(A) and (R) both are right, (R) explains (A)

B

(A) is true, (R) is not true

C

(A) and (R) both are not true

D

(A) is wrong, hence (R) is not an explanation of (A)

Which of the stages is relevant range for a rational firm in the competitive situation in the following diagram?
Managerial Economics mcq question image

A

Stage I

B

Stage II

C

Stage III

D

None of the above

The reasons for L shaped long run average cost curve is/are
Managerial Economics mcq question image

A

technological progress

B

learning by doing

C

Both A and B

D

None of these

The Line ACDG represents
Managerial Economics mcq question image

A

Kinked-demand curve

B

Marginal revenue curve

C

Cost curve

D

Marginal cost curve

In the following wing diagram of a competitive firm, T point includes
Managerial Economics mcq question image

A

No profit

B

Abnormal profit

C

Normal profit

D

Heavy loss

Given:

The given curve is a

A

Macro-Statics

B

Macro-Dynamics

C

Comparative Statics

D

Capital Budgeting

The lines ABCD represents which type of a curve?
Managerial Economics mcq question image

A

Kinked curve of oligopoly

B

Price rigidity curve

C

Demand curve for duopoly

D

None of the above

Given:

The above curve is a:

A

Demand curve

B

Product curve

C

Price curve

D

Profit curve

Assertion (A) Managerial roles are dynamic in nature.
Reason (R) Managerial skills define managerial roles.

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