Nature and Significance of Management
Very Short Q & A
Q1: Define the term 'Management'.
Answer: Management is the function of getting things done through people and directing the efforts of individuals towards a common objective. It is the process of conducting a set of function (planning, organizing, staffing, directing and controlling) to get the work done in an efficient and effecting manner.
Q2: Which force is consisted as the essence of management?
Q3: Why is it said that management is all pervasive?
Answer: It is said management is all pervasive because it is required in all spheres of business or non business organization. Management is essential for all organisations big or small, profit or non-profit, services or manufacturing.
Q4: List the four objectives of the management.
Answer: Objectives of Management are:
- Achieve maximum output with minimum efforts.
- Optimum use of resources
- Maximum prosperity
- Human betterment and Social Justice.
Q6: Which charateristic of management is signified by the following statement?
Statement: In an organization employees are happy and satisfied (there is no chaos and affect of management is noticeable.
Answer: It signifies management is an intangible force.
Q7: "In order to be successful, an organization must change its goals according to the needs of the environment." Whish characteristics of management are highlighted in this statement?
Answer: It highlights that management is dynamic functioning.
Q8(NCERT): Name any two important characteristics of management.
Answer: Pervasive and Multidimensional
Q9(NCERT): Ritu is the manager of the Northern division of a large corporate house. At what level does she work in the organisation? What are her basic functions?
Answer: Ritu is working at the middle level Her best functions are:
- Interpret the policies formed by the top level management and acting as a link between top level management and operative management,
- Assign necessary duties to the employees.
Q10: Which function of management is bridges the gap between where we stand today and where we want to reach.
Q11: Who is known as the Father of Modern Management Theory?
Answer: Henry Fayol.
Q12: To meet the objectives of the firm the Management of ABC Ltd., offers employment to physically challenged person. Identify the organization and objective it is trying to achieve?
Answer: It is social objective.
Q13 (MCQ): Which is not a function of management of the following?
Q14(MCQ): Management is:
(a) an art
(b) a science
(c) Both art and science
Answer: (c) Both art and science
Q15: "Management is an art and science." Justify the statement.
Management as a science:
i. Systematic body of Knowledge
ii. Principles are based on repeated experiments
Management as an Art:
i. Existence of theoretical Knowledge
ii. Application of Knowledge
Q16(MCQ): The following is not an objective of management
(a) earning projects
(b) growth of the organisation
(c) providing employment
(d) policy making
Answer:(d) policy making
Q17:Why is coordination known as essence of Management?
Answer: Co-ordination known as essence of Management because it is not a separate function of Management rather it forms a major part of all the other functions of Management.
Q18: Why is Management considered as a soft science?
Answer: Management is a soft science as its principles are not very rigid.
Q19: What is PODSCORB?
Answer: Luther Gullick gave the keyword PODSCORB which stands for Planning, Directing, Staffing, Co-coordinating, Reporting and budgeting.
Q20(CBSE): Mr. Anil working as a ‘Sales department Head in XYZ Ltd. Name the level of Management he is working? Explain Any two functions performed by him?
Answer: He is working at Middle Level Management.
Functions at Middle Level Management:
1. Determining the objectives of the enterprise
2. Assembling all the resources such as finance, fixed