Nature and Significance of Management

Nature and significance of Management Quiz Questions | MCQs | MOCK TEST | Expert Commerce Edge

Class 12th | Business Studies |

Chapter – 1 Nature and Significance of Management Quiz | MCQs

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Created by Zargham Abbas
Nature and Significance of Management

Nature and Significance of Management

Attempt all the questions to boost your knowledge.

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1. The General Manager of Bharat Ltd. called the meeting
of the Production manager and Sales manager of the
company. She explained them that both of these
departments are the base of company’s success.
Therefore, it is necessary for both of them to work
with coordination. Also, they are told that whatever
decision they took for their respective departments;
which could affect others, they must give its
information to them immediately. They did the same.
As a result of this, there never arose a situation in the
company. When the sales orders could not be
compiled with because of the shortage of goods.
Identify the feature of coordination highlighted in the
above para.

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2. Successful organisations do not achieve goals by chance but by following a deliberate process known as

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3. Sita is working as a marketing manager in a company,
she has been given the task of selling 100000 units of
a product at the cost of ₹100 per unit within 20 days.
She is able to sell all the units within the stipulated
time, but had to sell last 1000 units at 20% discount in
order to complete the target. In such a situation, he
will be considered to be

4 / 15

4. Lata is the marketing manager of a company selling
mobile phones. She plans the target sales of 2000
mobile phones. She allocates necessary resources to
execute the plan. She has six salesman working under
her. She works with them, guiding and motivating
them to achieve the target sales. At the end of the
month, after comparison of actual sales with the target
sales she found that actual sales exceeded the target
sales. She rewarded efficient employees to motivate
them. Identify the four functions of management
discussed in the above para.

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5. Keeping in view the changes in the consumer demands
and preferences ‘Tushar Bakery’ has reduced the
sugar and fat content in its products. This approach of
business shows that management is

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6. Ramesh Enterprises Limited is planning to increase its
sales by 30% in the next quarter. Identify the feature
of management being highlighted in the given
statement.

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7. The finance manager and marketing manager come at
which level of management?

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8. Which of the following statements is not true for lower
level management?

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9. The director of Wadhwa Ltd. has a firm belief in team
work where the members of the company should work
towards fulfilling the common organisational goals. He
gives more emphasis on team work and integration of
efforts of all individuals, departments and specialists.
He gives importance to reconciliation of individuals as
well as departmental differences and creating a work
environment which enable all its members to grow
and develop to their maximum capacity. Identify the
concept of management discussed above.

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10. Mr. Hitesh is working as a foreman in a garment
manufacturing unit and he supervises 10 employees
under him and makes day to day production plan and
other activities. At which level of management he is
working ?

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11. ash Ltd. is facing a lot of problem these days. It
manufactures electronic goods like washing machines,
microwave ovens, refrigerators and air conditioners.
The company’s margins are under pressure and the
profits and market share are declining. The
production department blames marketing
department for not meeting sales targets and
marketing department blames production
department for producing goods, which are not of
good quality to meet customer’s needs. The finance
department blames both production and marketing
departments for declining return on investment and
bad marketing. What quality of management do you
think the company is lacking?

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12. The ............... coordinates the activities of the whole
organisation keeping in view the desired goals.

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13. Which of the following is a function of top level
management?

(c) Taking responsibility for all the activities of the
business and its impact on the society

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14. Ramesh is manager of PQR Ltd. He noticed that changes were taking place in the market, due to which company’s future can be in danger. He started adopting changes in its product design and starting producing goods as per the taste and preference of consumers and he got support of all workers also. He did everything which he could do. Identify the feature of management highlighted in the above para.

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15. Management of Globus Ltd. fulfils all its objectives and
the organization is able to work effectively and
efficiently. It is using environment friendly methods of
production and disposing off the waste material either
by recycling it or using the same for landfill in such a
manner that the aquatic life is not disturbed. It also
provide employment opportunities to the
disadvantaged sections of the society. Identify the
objective of management of Globus Ltd. which it wants
to fulfil by doing the above activities.

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