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Published on: 15/02/2019
Nature and Significance of Management - HOTs Questions
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Questions + Answers key
Take MCQ Business Studies Test

1.
Enumerate any two functions of middle level management.
2.
Identify the nature of management when it is practised as personal application of existing knowledge to achieve desired results.
3.
Identify the narure of management when it is said to be a systematised body of knowledge that explains certain general truths.
4.
Identify which concept is used in the following cases:
(i) When a sales manager makes a plan to set sales target, he consults the same with production and finance manager.
(ii) Production manager divides the work in such a manager as when one finishes the task, other begins to work on it.
5.
A business organisation plans in advantage and has a sound organisation structure with efficient supervisory staff and control system. Many times, it finds that plans are not being adhered to. It leads to confusion and duplication of work. Which values are missing in the above paragraph?
6.
'Coordination is needed at all the three levels if management and it is the responsibility/function of all managers'. Explain how?
7.
Discuss the basic features of management as profession
8.
Ritu is the manager of the Northern division of a large corporate house. At what level does she work in the organisation? What are her basic functions?
9.
Management is a series of continuous interrelated functions. Comment.
10.
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.
( )
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.
2.
( )
Management as an art.
3.
( )
Management as a sciene.
4.
(i) In the first case, coordination is used in the planning process while setting a sales target.
(ii) In the second case, coordination is used in organising the activities of an organisation.
5.
Values which are missing are:
(i) Cooperation
(ii) Unity of action
(iii) Achievement of organistional objectives.
6.
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.
7.
Management as a profession: Profession means occupation that requires specialised knowledge and a practice of formal education, which is acquired from the respective professional body. The basic features of a profession are:
(i) Systematised body of knowledge: A profession is based on a systematised body of knowledge.
(ii) Restricted entry: Entry into a profession is restricted through an examination or degree.
(iii) Professional association: All professionals are bound to be a part of a professionals are subject to an ethical code of conduct.
(iv) Code of conduct: All professionals are subject to an ethical code of conduct.
(v) Service motive: The basic motive of each professional is to render committed service to the society.
Following points clarify whether management is a profession or not:
(i) Like profession, management has well defined body of knowledge. It has its own principles, which are based on experiments.
(ii) In management, no such restriction is there for managers to clear an examination or hold a degree.
(iii) In management, no such rules and regulations are framed to guide the managers.
(iv) Membership to a professional association like AIMA, is not mandatory for managers.
(v) All managers, directly or indirectly work for the development of society.
Conclusion: Thus, management does not possess all the essential attributes of a profession. No doubt, management though not a full fledged profession, is emerging as a profession.
8.
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.
9.
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.
10.
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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