Commerce MCQs
Topic Notes: Commerce
MCQs and preparation resources for competitive exams, covering important concepts, past papers, and detailed explanations.
Plato
- Biography: Ancient Greek philosopher (427–347 BCE), student of Socrates and teacher of Aristotle, founder of the Academy in Athens.
- Important Ideas:
- Theory of Forms
- Philosopher-King
- Ideal State
1
Which term describes activities performed by individuals to acquire, enhance, and utilize power and resources to achieve preferred outcomes during uncertainty or disagreement?
Answer:
Organisational politics
Organizational politics refers to the social influence attempts made by individuals to achieve goals that are not officially sanctioned by the organization, often used to navigate power dynamics and resource allocation.
2
Beyond physical health, what other areas of an individual's life can be adversely impacted by stress?
Answer:
both A and B
Stress is a multifaceted issue that extends beyond physiological health. It frequently impairs an individual's ability to maintain healthy interpersonal dynamics, such as family relationships, and significantly reduces cognitive focus and productivity, thereby negatively affecting overall work performance.
3
According to Mary Parker Follett, what are the three primary methods for resolving organizational conflict?
Answer:
domination, compromise and integration
Mary Parker Follett identified domination, compromise, and integration as the three ways to handle conflict. Domination involves one party winning over another, which is often short-lived. Compromise requires both parties to sacrifice something, which may leave them dissatisfied. Integration, which Follett advocated, involves creatively finding a solution that incorporates the fundamental interests of all parties involved, leading to a more sustainable and mutually beneficial resolution to the conflict.
4
Chronic stress is defined as persistent, long-term stress. Which of the following scenarios represents an example of chronic stress?
Answer:
Both A and B
Chronic stress arises from situations that persist over a long period, such as financial instability or strained personal relationships. Unlike acute stress, which is short-term and triggered by a specific event, chronic stress wears down an individual's physical and mental health over time because the stressor remains present in their daily life.
5
Beyond leadership and team development, what other key area does the field of organizational behavior examine?
Answer:
inter-personal conflict resolution
Organizational behavior (OB) is the study of how individuals and groups interact within an organization. It focuses on understanding human behavior to improve organizational effectiveness. Key areas of study include leadership, team dynamics, motivation, and interpersonal conflict resolution. Conflict resolution is essential for maintaining a healthy work environment, as it addresses the inevitable disagreements that arise when diverse individuals work together toward common goals.