A. Speed
B. Morale
C. Role conflict
D. Greater Potential for chaos
E. Non financial incentives
Choose the correct answer from the options given below :
Understanding Empowerment Merits in Management
Empowerment in management involves giving employees more authority, responsibility, and autonomy to make decisions related to their work. This approach aims to enhance efficiency and job satisfaction.
Analyzing Options for Empowerment Merits
Let's evaluate each option to determine if it represents a merit of empowerment:
- A. Speed: Empowerment allows employees to make decisions quickly without needing multiple layers of approval, thus increasing the speed of operations. This is a significant merit.
- B. Morale: Granting autonomy and involving employees in decision-making often leads to increased job satisfaction, motivation, and higher morale. This is a key merit.
- C. Role conflict: Role conflict arises from unclear expectations or conflicting demands. While poor implementation of empowerment can cause this, it is a potential drawback, not a merit.
- D. Greater Potential for chaos: Lack of clear guidelines or training during empowerment can lead to chaos. This represents a potential risk or demerit, not an advantage.
- E. Non financial incentives: Empowerment itself serves as a powerful non-financial incentive. Autonomy, recognition, and growth opportunities provided through empowerment are highly valued by employees, boosting engagement. This is a merit.
Identifying the Correct Combination
Based on the analysis, the true merits of empowerment among the given options are Speed (A), Morale (B), and Non financial incentives (E).
Therefore, the correct combination is A, B, and E only.
Important Questions from Project Management
Factors which govern the operating cost of an equipment are :
1. Purchase price of the equipment
2. Depreciation due to regular use
3. Cost of operation, maintenance and repairs
Which of the above statements are correct ?
In Emerson's efficiency plan of wage incentive system, the bonus is paid to-
Match List I with List II
LIST I
(Project Network concepts)
LIST II
(Underlying meaning)
A. Crashing an activity I. Length of the longest path through the project network B. Project Network II. It shows the time and cost when the activity is fully crashed C. Critical path III. It consists of a number of nodes and a number of arcs that connects two different nodes D. Crash point IV. Taking special (costly) measures to reduce the duration of an activity below its normal value Choose the correct answer from the options given below:
The following statements relate to project network. Choose the correct code for the statements being correct or incorrect.
Statement I: An activity cannot be represented by more than one arrow, but an arrow can represent one or more activities.
Statement II : The activities in a critical path can be preponed or postponed.
A public limited company has 9,00,000 shares outstanding at current market price of Rs. 130 per share. The company needs Rs. 2.25 crores to finance its proposed new project. The board of the company has decided to issue rights shares to raise the required money at Rs. 75 per share (as subscription price) to ensure that the rights issue is fully subscribed. How many rights are required to purchase a new share ?
