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Published on: 30/08/2019
Nature and Significance of Management
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.
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.
2.
'Coordination is needed at all the three levels if management and it is the responsibility/function of all managers'. Explain how?
3.
Coordination is required at which level of management?
4.
Give any three functions which are performed by the Cheif Executive officer of a company.
5.
Mr Nitin Singhania's father deals in the business of iron and steel. His father wishes that his son should join the family business but he wants to go to the USA for pursuing MBA. In the basis of emerging trends, what should he do? Give three reasons in support of your answer.
6.
'Management process is a series of continuous, composite and inter-related functions, with no predetermined sequence'. Explain.
7.
Management is a series of continuous interrelated functions. Comment.
8.
Distinguish between coordination and cooperation in one line.
9.
Thread is the most important tool in garland. Similarly in management, which concept plays the role of thread?
10.
Why is coordination needed in large enterprises?
11.
Why os coordination a deliberate function?
12.
Give the significance of coordination.
1.
(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.
2.
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.
3.
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.
4.
Chief executive officer is concerned with top level of management. Following are the main functions performed by him:
(i) Determines the objectives of the business.
(ii) Formulates the policies of the business.
(iii) Analyses, evaluates and deals with the external environment.
5.
As per the emerging trends, Mr Singhania should first earn degree before joining and managing his family business with his father. Hence, he should go to USA for his MBA, because of the following reasons:
(i) It has a well defined body of knowledge consisting of principles and concepts.
(ii) Though there are no restrictions on entry into the profession. Even if Nitin wants to join his family business the qualification would help him to manage his business efficiently and effectively.
(iii) The aim of all managers is to fulfil the service motive towards society.
6.
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.
7.
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.
8.
( )
Coordination is a deliberate effort whereas, cooperation is a voluntary action.
9.
( )
Coordination.
10.
( )
Coordination is needed in large enterprises to bind the efforts of all individuals, as it is difficult to establish the personal contacts with each and every employee in an organisation?
11.
( )
Coordination is a deliberate function because it does not occur spontaneously, it can only be achieved through conscious and deliberate efforts. Managers have to make conscious efforts to achieve coordination in an organisation.
12.
( )
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.
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