EICHER SCHOOL, FARIDABAD

ASSIGNMENT

BUSINESS STUDIES, CLASS XII

CH-1 NATURE AND SIGNIFICANCE OF MANAGEMENT

SWATI CHOUDHARY

Q1. Why is said that management is a goal-oriented process?

Q2. How is management a continuous process?

Q3. What is meant by management of work?

Q4. What do you mean by management of people?

Q5. What do you mean by management of operations?

Q6. How does management creates a dynamic organization?

Q7. Why management is called an inexact science?

Q8. “Alpha limited has changed its objectives because of change in business environment.” With which
characteristic of management is this action related?

Q9. McDonald’s keeps introducing new varieties of burgers. Which characteristic of management is highlighted
in this?

Q10. In the context of management, which element aims at integrating group efforts to achieve group
objectives?

Q11. Akash was given a target of producing 50 buckets at a cost of ₹ 40 per bucket. He produced 48 buckets at
a cost of ₹ 39 per bucket. Is Akash effective and efficient? Give reason.

Q12. Ashu is working in ‘Axe ltd.’, a company manufacturing air purifiers. He found that the profits had started
declining from the last six months. Profit has an implication for the survival of the firm, so he analysed the
business environment to find out the reasons for this decline. Identify the level at which Ashu is working and
also mention other functions performed by him.

Q13. “Some say that management is an art; some say that it is a science; some say that it is both an art and a
science.” What is your stand in this respect? Give reasons.

Q14. ‘’Art is concerned with personal application of knowledge.’’ In the light of this statement, compare an art
with management and prove whether it is an art or no.

Q15. ‘‘Management is moving into a full-fledged profession but is still not.’’ Do you agree? Give reason in
support of your answer.

Q16. “Management is not a true science like Physics and Chemistry in spite of claims by many that it is a
science.” Do you agree? Give reasons.
Q17. ‘Coordination is not a separate function of management; it is the essence of management.’ Comment.

Q18. “Successful organisations do not achieve their goals by chance but by following a deliberate process.”
Identify the process and also mention its importance.

Q19. Identify the functions of the management in the following cases:

a) Giving instructions and guiding employees about the task assigned.

b) Transferring an employee from one division to another.

c) Increasing supervision on the workers in a factory.

d) Making assumptions about future business conditions in the economy.

e) Conducting interviews for the post of accounts manager.

Q20. There are certain objectives for which a management of any organization exists. Identify and explain such
objectives.