Importance of Management

Q.

Do you think that management has the characteristics of a full-fledged profession?

Q.

Discuss the basic features of management as a profession.

Q.

Classification of accounting theory

Q.

The objective of management which consistently creates economic value for various constituents of society is:

1. Organisational objective

2. Social objective

3. Personal objective

4. Both Social and Personal objective

Q.

Management is multidimensional as it is applicable to three activities which are?

1. Management of work, Management of people and Management of money.

2. Management of work, Management of people and Management of operations.

3. None of these.

4. Management of work, Management of people and Management of time.

Q.

Which factor does not describe management as science?

1. Systematised body of knowledge

2. Universal validity

3. Ethical code of conduct

4. Principles based on experimentation

Q.

"Management is considered as a full-fledged profession." Do you agree with this statement? Give reasons to support your answer.

Q.

What Is Meant By Principles Of Management. State Any Three.

Q. A company wants to modify its existing product in the market due to decreasing sales. You can imagine any product about which you are familiar. What decisions/steps should each level of management take to give effect to this decision?

Q.

Name the two key components of directing.

1. Time management and leadership.

2. Leadership and motivation

3. Motivation and feedback

4. None of these.

Q.

Administration can be viewed as?

1. Separate from management.

2. Less important than management.

3. A part of management.

4. The same thing as management.

Q.

is the duty to complete the given task.

1. Authority
2. Responsibility
3. Accountability
4. Decentralisation

Q.

Which of the following philosophies are likely to make for the successful management of people and lead to improved work performance?

1. Fair and equitable.

2. All of the above

3. Recognition and credit.

4. Involvement and availability.

Q.

Anand is the Head of the Purchase and Production department at a cement company. He has four subordinates -Maria, Purchase Manager, managing and overseeing raw material purchases, Ajit, the Purchase Officer who carries out purchase orders and supplies, Savio, the Production Manager who manages and supervises the production processes, and Ashwini, the Production Officer responsible for executing the production process. During the course of production, Ashwini gets crucial information about the likely increase in the price of sand (raw material). She passes his urgent information to Ajit so that Ajit can purchase sand accordingly. Instead of the following the long route of is scalar chain, Ashwini directly passes this information to Ajit by constructing a "gang plank".

(i) Has Ashwini taken the right action? Explain how?

(ii) Explain which principle of Fayol does this case relate to?

(iii) What is a gang plank?

Q.

Responsibility, authority and delegation come under what kind of management?

1. Management of work.

2. Management of people

3. Management of operations

4. None of these.

Q. Name any two factors which help in fixing the price of a product.

Q. Name the authority which regulates such behaviour. Write any three other functions of this authority.

Q. Suman works for an organisation in which he has to report the work done everyday at 5 pm to his manager. What element of delegation is evident here?

[0.80 marks]

1. Authority
2. Responsibility
3. Accountability
4. Sustainability

Q.

What could management be seen as?

1. A job title

2. A field of study

3. An everyday activity involving interactions between people.

4. Nome of these

Q. is the key ingredient to implement the principle of discipline.

1. Good Superiors
2. Clear Agreements
3. Penalties
4. All of the above

Q.

___ department needs to make their production decision based on market demand.

1. Sales department.

2. Operations department

3. Production department.

4. None of these

Q.

Which of the following significant activities do most managers have in common?

1. Network building and strategic planning

2. Agenda setting and resource allocating.

3. Strategic planning and resource allocating

4. Agenda setting and network building

Q. The passage LEAST supports the inference that a manufacturer's throughput could be adversely affected by _______.

1. A breakdown in the factory's machinery
2. A mistake in judgment regarding the selection of a wholesaler
3. A labor dispute on the factory floor
4. An increase in the cost per unit of output
5. A drop in the efficiency of the sales network

Q. Select the proper option from the option given below and rewrite the completed sentences.

Business ethics is a ________ structured examination of behaviour of people.
(a) Moral
(b) Critical
(c) Economical

Q. Paying attention to detail is an essential part of management.

1. True
2. False

Q. what is the difference between leadership and motivation