[Business Studies MCQs, Nature and Significance of Management, AHSEC, CBSE, Class 12, Objective Questions and Answers]
Business Studies Class 12 MCQs
Chapter 1: Nature and Significance of Management
Multiple Choice Questions and Answers
Objective Types Questions:
1. “Anything minus management is
nothing”. What does this statement tell?
Ans: This statement tells about the importance of management in
the organisation. Here anything refers to all types of business and
non-business activities and nothing refers to failure or loss.
2. Management is multi dimensional.
Write one dimension.
Ans: Management is a multi faced
activity or multidimensional. Three Dimensions are:
(i) Management
of work: It is concerned with performance of tasks in an organisation.
(ii) Management
of people: It implies dealing with employees as individuals and dealing
with individuals as a group.
(iii) Management
of operations: It is interlinked with both management of work and
management of people.
3. Name the level of management the
following posts belong to: Purchase Manager and Superintendent.
Ans:
Purchase Manager – Middle level management.
Superintendent – Lower level management.
4. What do you mean by “efficiency”
and Managerial Effectiveness?
Ans: Managerial Effectiveness: The
effectiveness of the managers is measured in the effectiveness of
the organization in achieving the organizational goals.
Managerial efficiency is
the proportion of total organization resources that contribute to productivity
during the manufacturing process.
5. Which function of management
ensures that actual activities conform to planned activities? Or Name the function
which reviews the operations in a business unit.
Ans: Controlling
6. Who are regarded as middle
management in a business organisation?
Ans: operational supervisors
7. List two social objectives of
management.
Ans: 1. Providing equal employment opportunities and 2. Providing
Good Quality Product
8.
What is POSDCORB? Who coined the term?
Ans: P –
Planning. O – Organising, S – Staffing, D – Directing, C – Coordinating, O –
Organising, R – Reporting and B – Budgeting. This term is coined by L. Gullick
and L. Urwick.
9.
Why is coordination known as essence of Management? 2012
Ans.: Because it
is not a separate function of Management rather it forms a major part of all
the other functions of Management. It is the base of all other function of
management.
10.
Implementation of plan is the function of which level of
management? 2011
Ans: Middle Level
Management/ Lower level mgt.
11.
At which level business policy is
framed? 2015
Ans: Top Level
12.
Management is intangible and dynamic. (True or false) 2011
Ans: True
13. Who defined management as the art
of getting things done through others?
Ans: Harold Koontz
14. Why is it said management
principles are universal?
Ans: Universal
Application: Management principles are applied in every situation, where
the objectives are attained through group efforts. All social, economic,
political, cultural or even religious organizations apply management principles
for the successful operations of their activities.
15. How management is an intangible
force?
Ans:
Management is intangible: It cannot be seen
but it can be felt through the performance of the workers. Mismanagement if any
is quickly noticed and is a sign of poor management.
16. What do you mean by management?
Ans: Management is the coordination of all resources through the
process of planning, organizing, directing, staffing and controlling in order
to attain stated objectives effectively and efficiently. Effectively means doing the right task, completing
activities and achieving goals and efficiently means to attain objectives with
least amount of resources at a minimum cost.
17. Write one important objective of
Management.
Ans: Obtaining maximum output with minimum input: A successful management must achieve the
objectives of the business by making optimum utilization of available resources
effectively.
18. Why is it said that management is
pervasive? 2016
Ans: Because it is needed in all spheres say-business and non
business organization.
19. Why management is Goal oriented?
Ans: Every management activity is directed towards achieving
predetermined objectives of the organisation. That is why management is a goal
– oriented process.
20. “Management is a continuous process.” Elucidate the statement.
Ans: It is a never ending process. It is
concerned with constantly identifying the problem and solving them by taking
adequate steps. It is an on-going process.
21. Why management is called a Dynamic
Function?
Ans: Management is dynamic: Under
dynamic environment management faces several challenges hence efforts are made
to develop and use new techniques for managing the organizations effectively
and efficiently. As social change takes
place, management also changes to overcome the problems whenever they arise.
22. Name two features of professions
which are not available in Management? 2016
Ans.: (I) Restricted entry (II) Ethical code of conduct which is
devised by ALL INDIA MANAGEMENT ASSOCIATION (AIMA).
23. In an organization employees are
happy and satisfied (there is no chaos and affect of management is noticeable
.which characteristic of management is highlighted by this statement?
Ans.: Management is an intangible force.
24. Name the process of working with
and through others to effectively achieve organization objectives by
efficiently using its limited resources in the changing environment?
Ans.: Management.
25. In order to be successful an
organization must change its goals according Management to the needs of the
environment. Which characteristic of Management is highlight in the statement?
Ans.: Management is dynamic.
26. Give any two characteristics of
Management?
Ans.: (I) Management is goal – oriented process. (II) Management
is all pervasive.
27. To meet the objectives of the firm
the Management of BPL ltd. It offers employment to physically challenged
person. Identify the organization and objective it is trying to achieve?
Ans.: It is social objective.
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ALSO READ (AHSEC ASSAM BOARD CLASS 12)
1. AHSEC CLASS 12 BUSINESS STUDIES CHAPTERWISE NOTES
2. AHSEC CLASS 12 BUSINESS STUDIES QUESTION PAPERS (FROM 2012 TILL DATE)
3. AHSEC CLASS 12 BUSINESS STUDIES SOLVED QUESTION PAPERS (FROM 2012 TILL DATE)
4. AHSEC CLASS 12 BUSINESS STUDIES IMPORTANT QUESTIONS
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28. Name two features of professions
which are not available in Management? 2016
Ans.: (I) Restricted entry (II) Ethical code of conduct which is
devised by ALL INDIA MANAGEMENT ASSOCIATION (AIMA).
29. “The Management principles can be
applied to all types of activities” Which characteristic of Management is
highlighted by this statement?
Ans.: Management is all pervasive.