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Published on: 27/07/2018
Based on the chapter Nature and Significance of Management, some of the important questions are prepared in this question paper. It covers one mark, two and five marks questions from the book back and PTA question.
Download CBSE Class 12th Standard CBSE Business Studies question papers, sample papers, important questions, and previous year solved papers in PDF format. Get free study materials, NCERT solutions, and exam preparation resources for Class 12th Standard CBSE Business Studies
Questions + Answers key
Take MCQ Business Studies Test

1.
Thread is the most important tool in garland. Similarly in management, which concept plays the role of thread?
2.
Give the significance of coordination.
3.
What do you mean by coordination?
4.
What does pyramid form of levels of management indicate?
5.
Name the function of management, which is concerned with leading, influencing and motivating employees to perform the tasks assigned to them.
6.
State two functions of lower level management.
7.
Which level of management consists of superintendents, clerks, inspectors, etc?
8.
Identify the level of management for the following posts:
(i) CEO
(ii) COO
(iii) Section officer
(iv) Purchase manager.
9.
Enumerate any two functions of middle level management.
10.
'Anyone can be called as a manager, irrespective of the educational qualification possessed'. Why?
11.
How can art of management be acquired?
12.
There has been an increase in corporate form of business. What does it imply?
13.
Why is management described as a soft science?
14.
Is management a 'profession'?
15.
Arnav and Pranav are conversing that management is a full-fledged profession. Do you agree with their view point?
16.
Management is an exact science like Physics or Chemistry. Do you agree?
17.
'Coordination is needed at all the three levels if management and it is the responsibility/function of all managers'. Explain how?
18.
Which process of management is the orderly arrangement of group efforts to provide unity of action in pursuit of common purpose?
19.
'They transmit orders, decisions and guidance downwards, they also deal with problems and suggestions'. Identify which level of management it is. State some of its functions.
20.
List the three levels of management. Explain any three functions of the operational level of management.
21.
Is management a sciene? Give three reasons in support of your answer.
22.
Pranav, a manager of Telton Ltd believes that management is an art. Do you agree with the view point of Pranav? Give reasons in support of your answer.
23.
Max Power Ltd wants to expand its business. It is planning to establish four new power plants. Suggest which process is suitable and why?
24.
Micheal is working as Corporate Development Head in Admin Ltd. Name the managerial level at which he is working. State four functions which he will perform as a Corporate Development Head in this company.
1.
( )
Coordination.
2.
( )
It helps in framing the work schedules in different departments. As a result, each department is able to work with the other in peace and harmony.
3.
( )
Coordination is the process through which hormony is established among different activities of an organisation.
4.
( )
Pyramid form of levels of management indicates less number of managers at the top level, higher number of managers at the middle level and maximum number of managers at the supervisory level.
5.
( )
Directing.
6.
( )
Two main functions of lower level management are:
(i) Planning day-to-day work
(ii) Issuing orders and instructions to workers.
7.
( )
Supervisory/operational level management.
8.
( )
The level of management for the given posts are:
(i) CEO: Top level management
(ii) COO: Top level management
(iii) Section officer: Supervisory level
(iv) Purchase manager: Middle level management
9.
( )
Two main functions of middle level management are:
(i) Integers the efforts of every individual, so that organisational goals could be achieved.
(ii) Interprets and explains the policies framed by top level management.
10.
( )
Because entry into management is not restricted, as it is not a full-fledged profession.
11.
( )
The art of management can be acquired through regular practice, creativity and training.
12.
( )
It implies that management is a profession.
13.
( )
Management principles and experiments depend on human beings. Because of this factor, there is no hard and fast rule for anything and the principles are also flexible in nature. Thus, it is considered as a soft science.
14.
( )
No, I don't agree as management is not considered as full-fledged profession. It is on the path of becoming a profession.
15.
( )
No, I don't agree as management is not considered as full-fledged profession. It is on the path of becoming a profession.
16.
( )
No, I don't agree as management is associated with human beings and it is not possible to study and predict human behaviour under controlled laboratory conditions.
17.
Coordination is needed at all the three levels of management. The work at every level is performed by a group of people, That is why, it is required at all the three levels viz:
(i) Top level: It requires coordination to integrate all the activities performed by middle and lower level of management.
(ii) Middle level: This level requires coordination to balance the activities performed by different individuals.
(iii) Lower level: This level requires coordination to bind the efforts of all workers towards the achievement of goal.
18.
Coordination is a process through which harmony is established among different activities of an organisation. It is the force that binds all the functions of mangement.
19.
The level of management being discussed in above question is middle level management.
Main functions of the middle level management are as follows:
(i) Interprets the policies framed by top management.
(ii) Assigning necessary duties and responsibilities to the staff.
(iii) Maintains close contacts with operating level so as to evaluate performance.
(iv) Select and appoint employees for middle and lower level.
(v) Cooperates with other departments for smooth functioning.
20.
Levels of management refer to a line of demarcation between various management positions in an organisation.
It can be classified into three categories:
(i) Top level management.
(ii) Middle level management.
(iii) Lower/Operational level management.
Functions of operational level are as follows:
(a) Plans day-to-day production within the goals laid down by higher authorities.
(b) Supervises and controls workers.
(c) Arranges materials and tools to carry out the operations smoothly.
21.
Science is a systematised body of knowledge that establishes cause and effect relationship.
The basic features of science are:
(i) Systematised body of knowledge: Science is a systematised body of knowledge, consisting of principles and theories based on cause and effect relationship.
(ii) Principles based on experimentation: Scientific principles are valid and applicable universally.
Management is a science because of the following reasons:
(i) Like science, there is a systematised body of knowledge in management, consisting of theories, principles and concepts.
(ii) Principles of management are evolved after continuous observations and experimentation.
(iii) Like science, some of the principles of management have universal validity, but they are not as exact as principles of pure science.
Conclusion: Management is a social science or soft sciences, as it involves the study of human behaviour. Management cannot be as perfect as natural siences. Therefore it is an inexact science.
22.
It is true that management is an art because of the following reasons:
(i) It has a systematised body of knowledge consisting of principles, concepts and vocabulary which forms the basis of the art.
(ii) The practice of management principles differs from individual to individual, giving rise to different styles of management.
(iii) Management involves practice and creativity for finding solutions to complex managerial problems.
23.
The steps involved in the process of management which should be followed by Max Power Ltd. are:
(i) Planning: In this step, Max Power Ltd. plans everything before action. This step helps in determining objective. forecasting and formulation of policies.
(ii) Organising: Once the plans are formulated in an organisation, the next step is organising which means providing all necessary things for its functioning-raw materials, tools, capital, personnel, etc.
(iii) Staffing: In this step, right person is placed at the right job according to the need of work force which is required to achieve the organisational goals.
(iv) Directing: At this stage, actual work is started as it implies initiating or instructing employees to act.
(v) Controlling: This step helps in binding the efforts at every step. It ensures that the organisation is moving on the right track to achieve its goal.
The various functions of manager are usually performed in the order given above, suggesting that a manager first plans. In reality, managers are rarely able to carry out these functions in isolation.
The activities are interrelated and it is often difficult to pinpoint where one ended and the other began. e.g. while performing the staffing function, HR Managers, recruitment, selection, etc, all at the same time.
Thus, management fuctions are continuous and interrelated, with no pre-determined sequence.
24.
Michale is associated with Top level management. Being a Corporate Development Head , his job is to plan execute wide range of strategies to meet the organisational objectives. He should perform the following functions of top level management:
(i) Analyse, evaluate and deal with the external environment.
(ii) Determine the objectives of the business.
(iii) Formulate the policies of the business.
(iv) Create an organisational framework consisting of quthority responsibility relationship.
(v) Integrate and coordinate the activities of different departments.
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