12th CBSE Business Studies Unit 1 Nature and Significance of Management One Mark Question Paper | QB365

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12th CBSE Business Studies Unit 1 Nature and Significance of Management One Mark Question Paper

Published on: 23/08/2019

Nature and Significance of Management

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Std: 12th Standard CBSE - Business Studies

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Questions:

1 Marks

24 x 1 = 24

“Management is the process of getting things done to achieve goals effectively & efficiently” what is the process in the definition?

What is the main focus of the management?

Why management is necessary where there is a group of people working in an organisation?

Miss Amita is associated with Fortune Ltd. She told you that her workers have goods relations with her. At what level of mgt. is she?

Your uncle is employed in Deepti Ltd., as a production manager. At what level of management is he working. State any three functions that he might be performing at that level.

Your grandfather has retired as the director of a manufacturing Co. At what level of management was he working? What functions do you think he was performing at that level? State any four functions.

“Management is neither as precise nor as comprehensive as natural and pure sciences are”. Why? Explain.

“Management is regarded as a perfect science like Physics or Chemistry.” Do you agree ? Explain in brief any 5 reasons.

Lack of proper management results in wastage of time, money and efforts.” Do you agree with this statement? Give reasons in support of your answer

10.

Bhavan is the manager of northern division of a large corporate house. At what level does he work in the organisation? What are her basic functions?

11.

What do you mean “efficiency”?

12.

Give any 2 characteristics of management.

13.

Management of any organisation strive to attain different objectives Enumerate any 2 Such objectives.

14.

In order to be successful, an organisation, must change it goals according to the needs of the environment. Which characteristic of management are highlighted in the statement.

15.

How can art of management be acquired?

16.

There has been an increase in corporate form of business. What does it imply?

17.

Name a professional association for managers in India.

18.

Why is management described as a soft science?

19.

Identify the nature of management when it is practised as personal application of existing knowledge to achieve desired results.

20.

Identify the narure of management when it is said to be a systematised body of knowledge that explains certain general truths.

21.

Is management a 'profession'?

22.

Arnav and Pranav are conversing that management is a full-fledged profession. Do you agree with their view point?

23.

Management is an exact science like Physics or Chemistry. Do you agree?

24.

Why is management considered as an art?

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Answers Key:

1 Marks

24 x 1 = 24

()
The process in this definition means the primary functions or activities that a manager performs to get things done. These functions are planning, organizing, staffing, directing and controlling.

()
The main focus of management is that the tasks are completed and goals are achieved (effectiveness) with the least amount of resources (efficiency)

()
To guide their efforts towards achieving a common objective.

()
Operational management.
Functions of operational management

()
Middle level management
Functions of middle level management.

()
Top level management.
Functions of top level management

()
Mgt. is an inexact science or soft science. It is neither as precise nor comprehensive as the natural and pure science like Physics or Chemistry the principles of management are not-as exact as the principles of Sc., so their application and use is not universal.

()
No, I don’t agree with the statement. Mgt. is an inexact science or soft science. It is neither as precise nor comprehensive as the natural as an pure science like Physics or chemistry. Actual mgt. is a social science which deals with human behaviour in an organisation.

()
Yes, I agree with the given statement. Mgt. is necessary in all organizations Importance of Mgt. (Points) in support of answer.

10.

()
He works at “Middle Level”.
His basic functions – List functions of middle management.

11.

()
Efficiency means doing the task correctly & with minimum cost.

12.

()
Following are the main characteristics of management:
1. Management is a Goal Oriented Process: We need management when we have some goals to be achieved. A manager on the basis of his knowledge and experience tries to achieve the goals which are already decided.
2. Management is all Pervasive: All types of activities-business and non-business require management for successful completion. If we remove management from these activities, the result will be a failure. Hence, management is necessary to conduct any type of activities. Hence, it is pervasive or universal.

13.

()
(i) Organisational objectives
(ii) Social objectives

14.

()
It is highlighting- “Management is dynamic functioning”.

15.

()
The art of management can be acquired through regular practice, creativity and training.

16.

()
It implies that management is a profession.

17.

()
All India Management Association (AIMA).

18.

()
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.

19.

()
Management as an art.

20.

()
Management as a sciene.

21.

()
No, I don't agree as management is not considered as full-fledged profession. It is on the path of becoming a profession.

22.

()
No, I don't agree as management is not considered as full-fledged profession. It is on the path of becoming a profession.

23.

()
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.

24.

()
Like an art. management is a personalised process, in which a manager applies his acquired knowledge in a personalised and skillful manner in the light of realities of a given situation.