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Subjects

Business Studies

Importance of management

In Class 12 Business Studies, this topic explains why management is essential to the success of an organisation, as part of the chapter Nature and Significance of Management. Students learn how management helps achieve common goals, improves efficiency by using resources wisely, creates a dynamic organisation that can respond to change, supports the achievement of individual objectives, and contributes to the development of society. The topic also connects management with coordination, effectiveness and organised group effort.

Expert · Level 1 · 25 questions

TOPIC PRACTICE

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25 questions

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  1. Coordination of efforts for group goals
  2. Only employee recreation
  3. Only office decoration
  4. Only tax payment
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  1. Helping personal objectives and change adaptation
  2. Only dividend distribution
  3. Only building expansion
  4. Only advertising expense
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  1. Creating a dynamic organisation
  2. Hiding resources
  3. Giving employee leave
  4. Fixing tax rate
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  1. Priority based use of scarce resources
  2. Only increasing profit
  3. Hiding customer complaints
  4. Removing employee posts
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  1. Increasing efficiency and coordination
  2. Stopping employee salary
  3. Closing market
  4. Only social donation
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  1. Both assertion and reason are true
  2. Assertion is true but reason is false
  3. Assertion is false but reason is true
  4. Both assertion and reason are false
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  1. Helping achievement of personal objectives
  2. Only stock counting
  3. Only cash deposit
  4. Only building cleaning
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  1. Increasing customer trust by giving quality products at fair prices
  2. Increasing sales by giving wrong measurement
  3. Saving cash through tax evasion
  4. Reducing cost through adulteration
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  1. Management helped both efficiency and effective goal achievement
  2. Management stopped social development
  3. Efficiency comes only by increasing expense
  4. Removing duplication is always wrong
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  1. Both assertion and reason are true and reason is the correct explanation
  2. Both assertion and reason are true but reason is not the correct explanation
  3. Assertion is true but reason is false
  4. Assertion is false but reason is true
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  1. Increasing efficiency through personal participation
  2. Only hiding market
  3. Ending social responsibility
  4. Removing goals
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  1. Efficiency group goal and social development
  2. Only tax saving
  3. Only office decoration
  4. Only dividend
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  1. Giving training and career opportunities after target achievement
  2. Getting work done by hiding goals
  3. Punishing for suggestions
  4. Stopping salary without reason
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  1. Both assertion and reason are true and reason is the correct explanation
  2. Both assertion and reason are true but reason is not the correct explanation
  3. Assertion is true but reason is false
  4. Assertion is false but reason is true
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  1. Not ensuring optimum utilisation of resources
  2. Merely purchasing more machines
  3. Neglecting social objectives
  4. Lack of employee motivation
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  1. Dynamism and ability to handle uncertainty
  2. Only office painting
  3. Only employee recreation
  4. Only tax collection
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  1. Creating a dynamic organisation
  2. Achieving group objectives
  3. Increasing managerial efficiency
  4. Contributing to the development of society
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  1. Both assertion and reason are true and reason is the correct explanation
  2. Both assertion and reason are true but reason is not the correct explanation
  3. Assertion is true but reason is false
  4. Assertion is false but reason is true
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  1. Determining production quantity based on demand forecasting
  2. Increasing production without assessing market demand
  3. Ignoring available data while preparing the production plan
  4. Setting inconsistent production targets for each department
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  1. Coordination for achieving group goals
  2. Only employee bonus
  3. Only bank reconciliation
  4. Only building expansion
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  1. Employment quality responsible resource use and better standard of living
  2. Only showy donation
  3. Only more advertising
  4. Only hiding production
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  1. Efficiency and adaptation to change
  2. Only office furniture
  3. Employee punishment
  4. Customer ignorance
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  1. Group goal achievement and resource utilisation
  2. Only social celebration
  3. Only salary slip
  4. Only tax payment
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  1. Both assertion and reason are true
  2. Assertion is true but reason is false
  3. Assertion is false but reason is true
  4. Both assertion and reason are false
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  1. Personal objectives supporting development and growth
  2. Tax evasion causing efficiency
  3. Customer confusion causing social development
  4. Wastage causing quality

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