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+2 Business Chap 1 Notes
+2 Business Chap 1 Notes
Question 1.
In order to be successful, an organization must change its goals according to the needs
of the environment. Which characteristic of management is highlighted in the
statement?
Answer:
Management is dynamic.
Question 2.
Management consists of functions like planning, organizing, directing, controlling, etc.
This characteristic of management is called(Management as a group activity,
Management as a process, Management as a system of authority, Management as a
profession)
Answer:
Management is a process.
Question 3.
Identify the concept of management depicted in the following diagram.
Answer:
Question 4.
“Management should have systematized body of knowledge and should establish cause
and effect relationship” identify the concept of management?
Answer:
Management is a science
Question 5.
“The principles of management are applied to all types of activities.” Which
characteristic of management is highlighted by this statement?
Answer:
Management is universal.
Question 6.
Good Managers require continuous practice and personal skills. Identify the
Management concept referred in this context
Answer:
Management is a profession
Question 7.
Amina, who is working as the Managing Director of a company, comes under which
level of management?
Answer:
Top-level
Question 8.
To meet the objectives of the firm, the Management of BPL limited offers employment
to physically challenged persons. Identify the organisational objective it is trying to
achieve.
Answer:
It is social objective
Question 9.
Almost all universities conduct several courses on management subject. Numerous
research studies are still going on this subject. Identify the concept of management
referred to in this context.
Answer:
Management as a discipline.
Question 10.
Find the odd one and state the reason.
Chief Executive, Managing Director, Foreman, General Manager
Answer:
Foreman.
All others are belongs to top-level management
Question 11.
Which level of management establishes policies, plans and objectives?
Answer:
Top-level
Question 12.
The visiting card of a person is given below. Identify the level of management in which
he belongs to?
Answer:
providing employment.
Question 13.
The visiting card of a person is given below. Identify the level of management in which
he belongs to ?
Answer:
Question 14.
Choose the odd one from among the following persons working at different levels of
management.
Answer:
(a) Purchase manager
(b) Production manager
(c) Marketing Manager
(d) Managing director
Answer:
(d) Managing director
Question 15.
Administrative functions are mainly performed by
(a) Top management
(b) Middle management
(c) Operational management
Answer:
(a) Top management
Question 16.
Mr. Arun is working as a supervisor. Identify the level of management he is working.
Answer:
Lower level management
Question 17.
Policy formulation is the function of
(a) Top-level managers
(b) Middle-level managers
(c) Operational managers
(d) None of the above
Answer:
(a) Top-level managers
Question 18.
Which is not a function of management of the following?
(a) planning
(b) staffing
(c) co-operating
(d) controlling
Answer:
(c) co-operating
Question 19.
The following is not an objective of management
(a) earning profits
(b) growth of the organisation
(c) providing employment
(d) policymaking
Answer:
(c) providing employment
Question 20.
Identify the management function integrating the activities of different units of an
organisation to achieve the organisational goals.
Answer:
Co-ordination
Question 21.
Which among the following is not an element of co-ordination?
(a) Integration
(b) balancing
(c) proper timing
(d) Direction
Answer:
(d) Direction
Question 22.
Co-ordination is
(a) Function of management
(b) The essence of management
(c) An objective of management
(d) None of the above
Answer:
(b) The essence of management
Question 23.
Identification and grouping of activities to be undertaken and assigning them to
different departments is (Planning, Directing, Organising, Co-ordinating)
Answer:
Organising
Question 24.
Which of the following is correct to the concept of the levels of management?
(a) Board of Directors come under the category of. middle-level management.
(b) Middle-level management plans day-to-day activities.
(c) Lower level management is also known as supervisory management.
(d) Top-level management is accountable to employees.
Answer:
(c) Lower level management is also known as supervisory management.
Question 25.
Which of the following is ‘not’ a function of Middle-level management?
(a) Reporting to top management.
(b) Participate in operational decisions.
(c) Lays down the objectives of the enterprise
(d) Directing the managers at lower levels.
Answer:
(c) Lays down the objectives of the enterprise
Question 26.
Mr. Goutham Krishna is the Production Manager of a joint stock company and he is
always maintaining a close watch on day-to-day performance of his department.
Identify the level of management he belongs to.
Answer:
Middle level management
Question 27.
Management is multidimensional. Which of the following is not a right statement?
(a) Management of machinery
(b) Management of work
(c) Management of people
(d) Management of operation’s
Answer:
(a) Management of machinery
Question 28.
The presence of management can be felt in the way the organisations’ functions. Which
characteristics of management is mentioned here?
Answer:
Management is intangible
Question 29.
Which among the following is not an organisational objective of management?
(a) Existence
(b) Profit
(c) Creating employment opportunities
(d) Growth
Answer:
(d) Growth
Question 30.
Select the right pairfrom the following.
(a) Managing Director – Lower level management
(b) Production Manager-Top level management
(c) Foreman – Middle-level management
(d) Purchase Manager – Middle-level management
Answer:
(d) Purchase Manager – Middle-level management
Plus Two Business Studies Nature and Significance of Management Two Mark
Questions and Answers
Question 1.
In which level of management, the given persons are working?
(a) Supervisor
(b) Department heads
(c) General Manager
(d) Managing Director
Answer:
(a) Lower level
(b) Middle level
(c) Top-level
(d) Top-level
Question 2.
Management is a series of continuous interrelated functions. Comment.
Answer:
Management is a continuous process of planning, organising, staffing, directing and
controlling. All these functions are interrelated.The success of a business organisation
depends on the effective performance of all the managerial functions.
Plus Two Business Studies Nature and Significance of Management Three Mark
Questions and Answers
Question 1.
Mr. N S. Nair has retired as the director of a company.
2. Top Management:
It consists of chairman, the Chief Executive Officer, Board of Directors, Managing
Director, etc.
Answer:
Question 3.
“Management is a universal phenomenon.’
Effectiveness has a broader approach, which means the extent to which the actual
results have been achieved to fulfill the desired outcome, ie, doing accurate things.
Being Effective is about doing the right things while being Efficient is about doing things
right.
Difference between Efficiency and Effectiveness:
Efficiency Effectiveness
1. Management as a discipline
2. Management as a process
3. Management as group
Plus Two Business Studies Nature and Significance of Management Four Mark
Questions and Answers
Question 1.
1. Top-Level Management
2. Middle-Level Management
3. Lower-Level Management
1. Top Management:
It consists of chairman, the Chief Executive Officer, Board of Directors, Managing
Director, etc.
Functions of Top Level Management
1. Name the level of management which has direct contact with operative
employees.
2. Also mention different functions performed by managers at this level.
Answer:
1. The level of managment which has direct contact with operative employees is lower-
level managers.
2. Functions of lower lever management:
Question 5.
“Anything minus management is zero”. Explain the importance of management in light
of this statement.
Answer:
Need and Importance of Management
1. Achieving Group Goals:
Efficient management coordinates all the activities for the achievement of
organisational goals.
2. Increases Efficiency:
Management helps to reduce costs and increase productivity through better planning,
organising, directing, staffing and controlling the activities of the organisation.
5. Development of Society:
Management helps to provide good quality products and services, creates employment
opportunities, adopts new technology, etc., for the good of the people and society.
Plus Two Business Studies Nature and Significance of Management Five Mark
Questions and Answers
Question 1.
What is your opinion to the statement “management is both an art and a science”?
Answer:
Management can be rightly regarded as both a science and an art. It is a science with a
systematised body of knowledge and universal application; It uses certain principles.
Management principles are universal. Management is an art because it requires specific
skills and experience for the attainment of organisational objectives.
Question 2.
The management function in a circular movement is shown below.
Answer:
1.
Question 3.
All the functional departmental heads come under this category of management.
Question 5.
Following are the lists of managerial personnels in an organization. State in which level
of management they belong to:
1. Foreman
2. Departmental management
3. General manager
4. Supervisor
5. Divisional manager
6. Chief executive
7. Managing director
8. Deputy Manager
9. Superintendent
10. Section Officer
Answer:
3. Functional differentiation:
The process of linking the activities of various departments is accomplished by co-
ordination.
4. Unity in diversity:
In an organization, there are large numbers of employees with different ideas, cultures,
etc. Coordination brings unity in diversity.
5. Specialisation:
Coordination helps to coordinate the efforts of various specialists in ah organisation.
Question 8.
Mr. Santhosh and Mr. Pradeep are associates with a company. Mr. Santhosh is doing
with policy decision in the company and Mr. Pradeep is overseeing the subordinates at
work.
Management of works
Management of people
Management of operations
4. It is a continuous process.
5. It is a group activity.
6. It is a dynamic function,
7. It is an intangible force.
b. Objectives of Management:
Management fulfills three basic objectives like organisational, social and personal.
1. Organisational Objectives:
Management is responsible for setting and achieving objectives for the organisation.
It includes:
Question 1.
Discuss the functions of management.
Answer:
Functions of Management:
1. Planning:
Planning is the function of determining in advance what is to be done and who is to do
it.
2. Organising:
It is the management function of assigning duties, grouping tasks, establishing
authority responsibility relationship and allocating resources required to carry out a
specific plan.
3. Staffing:
Staffing means finding the right people with the right qualifications to accomplish the
goals of the organisation. It involves activities such as recruitment, selection, placement
and training of personnel.
4. Directing:
Directing involves leading, supervising, communicating and motivating the employees
to perform the tasks assigned to them.
5. Controlling:
It means monitoring organizational performance towards the attainment of
organisational goals.
Question 2.
“Management is the function of getting things done, through and with people”. Explain
the importance of management in light of this statement.
Answer:
Need and Importance of Management
1. Achieving Group Goals:
Efficient management co-ordinates all the activities for the achievement of
organisational goals.
2. Increases Efficiency:
Management helps to reduce costs and increase productivity through better planning,
organising, directing, staffing and controlling the activities of the organisation.
Question 3.
“Co-ordination is the orderly arrangement of group efforts to provide unity of action in
the pursuit of a common purpose”. IF\ the light of this statement explain the importance
of co-ordination in a business enterprise.
Answer:
Co-ordination:
The process by which a manager synchronises the activities of different departments is
known as co-ordination. Coordination is the force that binds all the other functions of
management.
Characteristics of Coordination:
3. Functional differentiation:
The process of linking the activities of various departments is accomplished by co-
ordination.
4. Unity in diversity:
In an organization, there are large numbers of employees with different ideas, culture,
etc. Coordination brings unity in diversity.
5. Specialisation:
Coordination helps to coordinate the efforts of various specialists in ah organization
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