Business Studies Class 12 MCQs | Chapter 1 Nature and Significance of Management

[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

5. BUSINESS STUDIES MCQs

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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.