NPTEL Principles of Management Week 3 Assignment Answers 2024

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NPTEL Principles of Management Week 3 Assignment Answers 2024

1. A form of environmental scanning that includes gathering information about competitors, allowing managers to anticipate competitors’ actions rather than merely react to them, is

  • Competitor Screening
  • Competitor Surveillance
  • Competitor Intelligence
  • Competitor Knowledge
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2. Statement 1: In a dynamic environment, flexible plans should be developed.

Statement 2: The organizational hierarchy structure should be taller in an uncertain environment.

  • Statement 1 is correct.
  • Statement 2 is correct.
  • Both the Statements are correct.
  • Both the statements are incorrect.
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3. Which of the following is not part of ongoing plans that provide guidelines for activities performed repetitively?

  • Policies
  • Rules
  • Procedures
  • Objectives
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4. An automobile firm has set a target of selling 2000 units of electric vehicles based on the Government schemes launched to promote the same. This is associated with which of the steps in the planning process?

  • Implementation of the plan
  • Developing planning premises
  • Selecting an alternative course of action
  • Follow-up action
Answer :- 

5. Statement 1: Organizations operate in silos.

Statement 2: Organizations operate in pluralistic societies.

  • Statement 1 is correct.
  • Statement 2 is correct.
  • Both the statements are correct.
  • Both the statements are incorrect.
Answer :- 

6. What makes the task environment “specific” instead of “general”?

  • It is less critical for the organization’s success
  • It includes factors that are unique to a particular industry or market
  • It is unrelated to the organization’s goals
  • It only considers internal factors
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7. In the context of the business environment, what is an example of a legal factor?

  • Exchange rates
  • Intellectual property laws
  • Social media trends
  • Technological advancements
Answer :- 

8. What is the significance of cultural factors in the business environment?

  • They have no impact on business operations
  • They influence consumer behaviour, preferences, and communication styles
  • They are only relevant in local markets
  • They determine government policies
Answer :- 

9. Statement 1: Collective Competencies are built on experience, skills and knowledge.

Statement 2: Resources and Capabilities are the source of competitive advantage for a firm.

  • Statement 1 is correct.
  • Statement 2 is correct.
  • Both the statements are correct.
  • Both the statements are incorrect.
Answer :- 

10. Match the Following:

1) RBV                             i. Industry Appraisal
2) Five Forces Model     ii. Jay Barney
3) Intangible Resource   iii. Environmental Appraisal
4) ETOP                         iv. Goodwill

  • i, iv, ii, iii
  • iv, iii, i, ii
  • ii, i, iv, iii
  • ii, iv, iii, i
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