CBSE Class 12 Business Studies Nature and Significance of Management VBQs Set 02

Nature and Significance of Management

Question. “Any one can be called a manager irrespective of the educational qualification possessed.” Identify the characteristic of the profession that management does not fulfil in the statement being discussed above.
(a) Ethical code of conduct
(b) Professional association
(c) Restricted entry
(d) Service motive
Answer: (c) Restricted Entry

Question. Name the process of working with and through others to effectively achieve organisational objectives by efficiently using limited resources in a changing environment.
(a) Management
(b) Planning
(c) Organising
(d) Controlling.
Answer: (a) Management

Question. ‘Even where members of a department willingly cooperate and work, a manager has to coordinate the efforts of different people in a conscious manner.’ Identify the characteristic of coordination discussed above.
(a) Coordination ensures unity of action
(b) Coordination is a deliberate function
(c) Coordination is a continuous process
(d) Coordination is an all-pervasive function
Answer: (b) Coordination is a deliberate function

Question. The primary function of management is:
(a) Planning
(b) Organizing
(c) Controlling
(d) Staffing
Answer: (a) Planning

Question. Tiyansh works in Cello Limited. He is responsible for ensuring that his department has the necessary personnel. At what level of management Tiyansh is working?
(a) Top level
(b) Middle level
(c) Supervisory level
(d) None of the options.
Answer: (b) Middle level

Question. Raman is a supervisor in a rubber factory. The CEO of the company adopted a plan which defines the formal parameters within which the manager may function. Identify the function of management.
(a) Organizing
(b) Controlling
(c) Planning
(d) Directing
Answer: (c) Planning

Question. ‘‘Is the thinking process, the organized foresight, the vision based on fact and experience that is required for intelligent action.” Identify the function of management.
(a) Planning
(b) Organizing
(c) Controlling
(d) Directing
Answer: (a) Planning.

Question. Suresh works as a manager in QC Ltd. He follows a process which provides the perequisite amount, quality, timing and sequence of efforts and ensures that planned objectives are achieved with a minimum of conflict. Identify the function of management.
(a) Coordination
(b) Cooperation
(c) Management
(d) None of the options
Answer: (a) Coordination

Question. Rahul was running a media company. He observed that the performance of the employee was not up to the mark. So, he performed a function of management which reviews the operations in a business unit :
(a) Planning
(b) Organising
(c) Directing
(d) Controlling
Answer: (d) Controlling

Question. “Successful organisation do not achieve their goals by chance but by following a deliberate process.” Identify the process.
(a) Efficiency
(b) Cooperation
(c) Management
(d) Coordination
Answer: (c) Management

Question. National Alpha Ltd. has grown in size. It was a market leader but with changes in business environment and with the entry of MNCs, its market share is declining. To cope up with the situation, the CEO starts delegating some of his authority to the General Manager, who also felt himself overburdened and with the approval of CEO disperses some of his authority to various levels throughout the organization. Identify the concept of management discussed above:
(a) Delegation
(b) Decentralisation
(c) Both (a) and (b)
(d) None of the options
Answer: (b) Decentralisation

Question. Managers in India do the same work as managers in USA or Japan or Germany. Which characteristic of management is highlighted in this statement?
(a) Management is a group activity
(b) Both (a) and (c)
(c) Management is all pervasive
(d) Management is effective
Answer: (c) Management is all pervasive

Question. Name the function of management which is considered a base for all other functions.
(a) Controlling
(b) Directing
(c) Planning
(d) None of the options
Answer: (c) Planning

Question. A manager applies various theories of management in his/her unique personalized way. What aspect of nature of management does this statement indicate?
(a) Management as a science
(b) Management as an art
(c) Management for amateurs
(d) Management as an authority
Answer: (b) Management as an art

Question. Which of the following is not true regarding the objective of management?
(a) Growth of an organisation
(b) Earning projects
(c) Policy making
(d) Providing employment
Answer: (b) Earning projects

Question. Number of levels of management are:
(a) one
(b) two
(c) three
(d) four
Answer: (c) Three

Question. Management is essential for the organisations which are:
(a) Non-profit organisations
(b) Service organisations
(c) Social organisations
(d) All of the options
Answer: (d) All of the options

Question. Management contains a series of interrelated functions that include:
(a) Planning
(b) Organising
(c) Directing
(d) All of the options
Answer: (d) All of the options

Question. Successful management ensures that:
(a) Goals are achieved with least cost
(b) Timely achievement of goals
(c) Both of the above
(d) None of the options
Answer: (c) Both of the above

Question. Shyam works as a production manager in M/s Universal Limited. He has been given the task of getting 1000 units of hand woven table mats manufactured at the cost of Rs. 150 per unit within 10 days. In order to be acknowledged as an effective manager, he must ensure that
(a) The cost of production does not exceed Rs. 150 per unit
(b) The work is completed within 10 days even at higher cost per unit
(c) The cost of production is less than Rs. 150 per unit
(d) All of the options
Answer: (b) The work is completed within 10 days even at higher cost per unit

Question. Ram is working as a marketing manager in a company. Has been given the task of selling 100000 units of a product at the cost of Rs. 100 per unit within 20 days. He is able to sell all the units within the stipulated time, but had to sell last 1000 units at 20% discount in order to complete the target. In such a situation, he will be considered to be
(a) An efficient manager
(b) An effective manager
(c) Both effective and efficient manager
(d) None of the options
Answer: (b) An effective manager

Question. Management is said to be poor if it is:
(a) Efficient but ineffective
(b) Effective but inefficient
(c) Both inefficient and ineffective
(d) All of the options
Answer: (c) Both inefficient and ineffective

Question. Sun Enterprises Limited is planning to increase its sales by 30% in the next quarter. Identify the feature of management being highlighted in the given statement.
(a) Management is all pervasive
(b) Management is a goal oriented process
(c) Management is a continuous process
(d) All of the options
Answer: (b) Management is a goal oriented process

Question. Management is equally important to run a political organisation as it is to run an economic organisation. Which feature of management is being highlighted here?
(a) Management is goal oriented
(b) Management is multidimensional
(c) Management is all pervasive
(d) Management is a group activity
Answer: (c) Management is all pervasive

Question. Management translates the works to be carried out in terms of goals to be achieved and allot the means to achieve it. This statement relates to:
(a) Management of work
(b) Management of people
(c) Management of operations
(d) All of the options
Answer: (a) Management of work

Question. Which of the following statements highlights that management is a group activity?
(a) Organisation is a collection of diverse individuals with different needs.
(b) Achievement of common goal requires teamwork and co-ordination of efforts in a common direction.
(c) Each member of the organisation may have different individual goals but they must travel together towards common goals.
(d) All of the options
Answer: (a) All of the options

Question. Which of the following is not an organisational objective of management?
(a) Earning enough revenue to cover costs
(b) Earning sufficient profits to cover risks of business
(c) Increase in the prospects of business in the long run
(d) Providing free education to their employees children
Answer: (d) Providing free education to their employees children

Question. Management is considered important for an organisation because:
(a) It helps an organisation to adapt to the changes
(b) Seeks to integrate individual efforts
(c) It helps in development of the society
(d) All of the options
Answer: (d) All of the options

Question. Which of the following statements is not relevant to the concept of “Management as an inexact science”?
(a) The principles of management lack universal validity
(b) The principles of management lack universal applicability
(c) The principles of management have to be modified according to the given situation
(d) Management involves dealing with human behaviour and outcomes cannot be predicted with utmost accuracy
Answer: (b) The principles of management lack universal applicability

Question. Which of the following is not a designation related to top level management?
(a) President
(b) Vice-President
(c) Chairman
(d) Production Manager
Answer: (d) Production Manager

Question. Which of the following designation is not related to middle level management?
(a) Operations Head
(b) Sales Manager
(c) Chief Operating Officer
(d) Divisional Manager
Answer: (c) Chief Operating Officer

Question. Which of the following designation is not related to lower level management?
(a) Plant Superintendent
(b) Supervisors
(c) Section officers
(d) Marketing Manager
Answer: (d) Marketing Manager

Question. Which of the following is a function of top level management?
(a) Ensuring quality of output
(b) Assigning necessary duties and responsibilities to their departments
(c) Taking responsibility for all the activities of the business and its impact on the society
(d) Ensuring that the safety standards are maintained within the organisation.
Answer: (d) Ensuring that the safety standards are maintained within the organisation.

Question. Which of the following statements does not pertain to middle level management?
(a) They are responsible for all the activities of the operational managers.
(b) They are responsible for the welfare and survival of the organisation.
(c) The interpreter the policies made by top level managers
(d) Co-operate with other departments for the smooth running of the organisation.
Answer: (b) They are responsible for the welfare and survival of the organisation.

Question. Which of the following statements is not true for lower level management?
(a) Analyse the business environment and its implications for the survival of the business.
(b) Ensure the quality of the output
(c) They strive to reduce the wastage of resources
(d) They ensure that the safety standards are maintained within the organisation.
Answer: (a) Analyse the business environment and its implications for the survival of the business.

Question. Organising as a function of management involves deciding:
(a) What activities and resources are required
(b) Who will do a particular task
(c) Where will it be done
(d) All of the options
Answer: (d) All of the options

Question. The function of management related to grouping of activities to be carried out into departments and creating management hierarchy is:
(a) Planning
(b) Organising
(c) Controlling
(d) Directing
Answer: (b) Organising

Question. This function of management relating to laying down the foundation for carrying out the other functions of management successfully is:
(a) Organising
(b) Staffing
(c) Planning
(d) Controlling
Answer: (c) Planning

Question. This function of Management related to placing the right person at the right job is:
(a) Organising
(b) Staffing
(c) Planning
(d) Controlling
Answer: (b) Staffing

Question. It is a force that binds all the functions of management.
(a) Cooperation
(b) Co-ordination
(c) Planning
(d) Management hierarchy
Answer: (b) Co-ordination