BBA: BACHELOR OF BUSINESS ADMINISTRATION | EXAM READY -
VERIFIED QUESTIONS AND ANSWERS - COMPREHENSIVE LATEST
VERSION 2026/2027 (PASS GUARANTEE)
1. Q: What is management? ANSWER Management is the process of
planning, organizing, leading, and controlling resources to achieve
organizational goals efficiently and effectively.
2. Q: Who is known as the father of scientific management? ANSWER
Frederick Winslow Taylor.
3. Q: What are Taylor's four principles of scientific management?
ANSWER Science, not rule of thumb; harmony in group action;
cooperation; maximum output, and development of workers.
4. Q: Who is the father of modern management theory? ANSWER
Henri Fayol.
5. Q: What are the 14 principles of management by Fayol? ANSWER
Division of work, authority, discipline, unity of command, unity of
direction, subordination of individual interest, remuneration,
centralization, scalar chain, order, equity, stability of tenure,
initiative, and esprit de corps.
6. Q: What is the difference between efficiency and effectiveness?
ANSWER Efficiency means doing things right (minimizing
resources), while effectiveness means doing the right things
(achieving goals).
7. Q: What is POSDCORB? ANSWER An acronym by Luther Gulick for
management functions: Planning, Organizing, Staffing, Directing,
Coordinating, Reporting, and Budgeting.
8. Q: What is the contingency approach to management? ANSWER It
suggests that there is no one best way to manage; managerial
actions depend on the specific situation.
,9. Q: What is Maslow's Hierarchy of Needs? ANSWER A motivation
theory stating humans are motivated by five tiers: Physiological,
Safety, Social, Esteem, and Self-actualization.
10. Q: What is Theory X and Theory Y? ANSWER Douglas
McGregor's theories; Theory X assumes employees are lazy and
need supervision, while Theory Y assumes employees are self-
motivated.
11. Q: Define planning. ANSWER Planning is deciding in advance
what to do, how to do it, when to do it, and who is to do it.
12. Q: What is a SWOT analysis? ANSWER An analysis of an
organization's Strengths, Weaknesses, Opportunities, and Threats.
13. Q: What is MBO? ANSWER Management by Objectives; a
process where managers and employees set goals together and
review performance periodically.
14. Q: What is strategic planning? ANSWER Long-term planning
(usually 3-5 years) that determines the overall direction and vision
of the organization.
15. Q: What is organizing? ANSWER The process of arranging
resources, tasks, and people into a structured framework to achieve
objectives.
16. Q: What is delegation? ANSWER The transfer of authority
from a superior to a subordinate, while retaining ultimate
accountability.
17. Q: What is the difference between authority and
responsibility? ANSWER Authority is the right to give orders, while
responsibility is the obligation to execute them.
18. Q: What is span of control? ANSWER The number of
subordinates a manager can efficiently and effectively direct.
19. Q: What is centralization? ANSWER The retention of
decision-making authority at the top levels of management.
20. Q: What is staffing? ANSWER The process of recruiting,
selecting, training, and developing personnel to fill organizational
roles.
, 21. Q: What is directing? ANSWER The continuous process of
guiding, instructing, leading, and motivating employees to perform
their jobs.
22. Q: What is controlling? ANSWER The process of measuring
actual performance against planned performance and taking
corrective action.
23. Q: What is feedback control? ANSWER A type of control that
occurs after an activity is completed to evaluate future
improvements.
24. Q: What is concurrent control? ANSWER Control that takes
place while an activity is in progress.
25. Q: What is feedforward control? ANSWER Anticipatory
control implemented before a work activity begins to prevent
potential problems.
Business Economics (Micro & Macro)
26. Q: What is economics? ANSWER The study of how
individuals, businesses, and governments allocate scarce resources
to satisfy unlimited wants.
27. Q: What is microeconomics? ANSWER The branch of
economics that studies individual consumers and businesses.
28. Q: What is macroeconomics? ANSWER The branch of
economics that studies the economy as a whole (e.g., inflation, GDP,
unemployment).
29. Q: What is the Law of Demand? ANSWER The principle that,
all else being equal, as price increases, quantity demanded
decreases.
30. Q: What is the Law of Supply? ANSWER The principle that,
all else being equal, as price increases, quantity supplied increases.
31. Q: What is elasticity of demand? ANSWER A measure of how
much the quantity demanded of a good responds to a change in
price or income.
32. Q: What is price elasticity of demand? ANSWER The
percentage change in quantity demanded divided by the percentage
change in price.
VERIFIED QUESTIONS AND ANSWERS - COMPREHENSIVE LATEST
VERSION 2026/2027 (PASS GUARANTEE)
1. Q: What is management? ANSWER Management is the process of
planning, organizing, leading, and controlling resources to achieve
organizational goals efficiently and effectively.
2. Q: Who is known as the father of scientific management? ANSWER
Frederick Winslow Taylor.
3. Q: What are Taylor's four principles of scientific management?
ANSWER Science, not rule of thumb; harmony in group action;
cooperation; maximum output, and development of workers.
4. Q: Who is the father of modern management theory? ANSWER
Henri Fayol.
5. Q: What are the 14 principles of management by Fayol? ANSWER
Division of work, authority, discipline, unity of command, unity of
direction, subordination of individual interest, remuneration,
centralization, scalar chain, order, equity, stability of tenure,
initiative, and esprit de corps.
6. Q: What is the difference between efficiency and effectiveness?
ANSWER Efficiency means doing things right (minimizing
resources), while effectiveness means doing the right things
(achieving goals).
7. Q: What is POSDCORB? ANSWER An acronym by Luther Gulick for
management functions: Planning, Organizing, Staffing, Directing,
Coordinating, Reporting, and Budgeting.
8. Q: What is the contingency approach to management? ANSWER It
suggests that there is no one best way to manage; managerial
actions depend on the specific situation.
,9. Q: What is Maslow's Hierarchy of Needs? ANSWER A motivation
theory stating humans are motivated by five tiers: Physiological,
Safety, Social, Esteem, and Self-actualization.
10. Q: What is Theory X and Theory Y? ANSWER Douglas
McGregor's theories; Theory X assumes employees are lazy and
need supervision, while Theory Y assumes employees are self-
motivated.
11. Q: Define planning. ANSWER Planning is deciding in advance
what to do, how to do it, when to do it, and who is to do it.
12. Q: What is a SWOT analysis? ANSWER An analysis of an
organization's Strengths, Weaknesses, Opportunities, and Threats.
13. Q: What is MBO? ANSWER Management by Objectives; a
process where managers and employees set goals together and
review performance periodically.
14. Q: What is strategic planning? ANSWER Long-term planning
(usually 3-5 years) that determines the overall direction and vision
of the organization.
15. Q: What is organizing? ANSWER The process of arranging
resources, tasks, and people into a structured framework to achieve
objectives.
16. Q: What is delegation? ANSWER The transfer of authority
from a superior to a subordinate, while retaining ultimate
accountability.
17. Q: What is the difference between authority and
responsibility? ANSWER Authority is the right to give orders, while
responsibility is the obligation to execute them.
18. Q: What is span of control? ANSWER The number of
subordinates a manager can efficiently and effectively direct.
19. Q: What is centralization? ANSWER The retention of
decision-making authority at the top levels of management.
20. Q: What is staffing? ANSWER The process of recruiting,
selecting, training, and developing personnel to fill organizational
roles.
, 21. Q: What is directing? ANSWER The continuous process of
guiding, instructing, leading, and motivating employees to perform
their jobs.
22. Q: What is controlling? ANSWER The process of measuring
actual performance against planned performance and taking
corrective action.
23. Q: What is feedback control? ANSWER A type of control that
occurs after an activity is completed to evaluate future
improvements.
24. Q: What is concurrent control? ANSWER Control that takes
place while an activity is in progress.
25. Q: What is feedforward control? ANSWER Anticipatory
control implemented before a work activity begins to prevent
potential problems.
Business Economics (Micro & Macro)
26. Q: What is economics? ANSWER The study of how
individuals, businesses, and governments allocate scarce resources
to satisfy unlimited wants.
27. Q: What is microeconomics? ANSWER The branch of
economics that studies individual consumers and businesses.
28. Q: What is macroeconomics? ANSWER The branch of
economics that studies the economy as a whole (e.g., inflation, GDP,
unemployment).
29. Q: What is the Law of Demand? ANSWER The principle that,
all else being equal, as price increases, quantity demanded
decreases.
30. Q: What is the Law of Supply? ANSWER The principle that,
all else being equal, as price increases, quantity supplied increases.
31. Q: What is elasticity of demand? ANSWER A measure of how
much the quantity demanded of a good responds to a change in
price or income.
32. Q: What is price elasticity of demand? ANSWER The
percentage change in quantity demanded divided by the percentage
change in price.
