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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.

Hard · Level 1 · 25 questions

TOPIC PRACTICE

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Up to 25 questions from this page. Select your focus, then start.

25 questions

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  1. Freedom may become scattered efforts and weak control
  2. Every goal will be automatically achieved
  3. Coordination will always increase
  4. Need for management will end
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  1. Goal achievement
  2. Efficiency and resource utilisation
  3. Social development
  4. Employee respect
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  1. Human resource development
  2. Development of society
  3. Achieving common goal through coordination
  4. Only reducing cost
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  1. Human resource development and dealing with change
  2. Only building expansion
  3. Only social donation
  4. Only accounting control
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  1. Correct because cost is irrelevant
  2. Wrong because management improves both goals and resource use
  3. Correct because efficiency is not related to production
  4. Wrong because management is not linked with goals
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  1. Dealing with changing environment
  2. Paying employee wages
  3. Building safety
  4. Cash deposit
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  1. Active use of employee efforts
  2. Only tax payment
  3. Social advertisement
  4. Raw material purchase
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  1. Increasing advertising
  2. Coordinated use of resources
  3. Employee leave
  4. Owner profit
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  1. Production rises employment is created and safe goods are supplied
  2. Only office is painted
  3. Customer complaints are suppressed
  4. Cost falls through adulteration
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  1. Balance between efficiency and human resource development
  2. Only sales and advertising
  3. Building and land
  4. Cash and bank
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  1. Timely decisions and coordination
  2. Only painting
  3. Only dividend
  4. Only storage
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  1. It clarifies goals
  2. It ensures better use of resources
  3. It stops every change
  4. It helps in development of society
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  1. Protection of society and consumer interest
  2. Only employee promotion
  3. Building expansion
  4. Cash saving
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  1. Both assertion and reason are correct and reason is the correct explanation
  2. Assertion is correct but reason is wrong
  3. Assertion is wrong but reason is correct
  4. Both are wrong
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  1. Coordination and wastage control
  2. Individual skill
  3. Salary payment
  4. Market demand
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  1. Improvement through control
  2. Only building construction
  3. Only social donation
  4. Only product packaging
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  1. Quality improvement through human resource development
  2. Customer growth through building expansion
  3. Wage rise through advertising
  4. Tax saving through storage
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  1. Future preparedness and dealing with change
  2. Only recording current expense
  3. Building cleaning
  4. Keeping old files
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  1. Earning profit keeping employee safety and giving customer quality
  2. Increasing only owner profit
  3. Hiding customer complaints
  4. Stopping employee wages
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  1. Communication and coordination
  2. Only cash sales
  3. Only raw material
  4. Building safety
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  1. Increasing productivity reducing cost and keeping employment stable
  2. Keeping resources idle
  3. Suppressing complaints
  4. Stopping production
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  1. Change acceptance and cooperation
  2. Raw material purchase
  3. Only bank deposit
  4. Building height
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  1. Optimum use of resources
  2. Only event organisation
  3. Removing goals
  4. Removing employees
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  1. Correct because charity alone is social development
  2. Wrong because employment quality service and responsibility are also social benefits
  3. Correct because production is separate from society
  4. Wrong because society gets no benefit
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  1. Setting goals assigning responsibility and measuring results
  2. Writing goals and closing the file
  3. Holding a meeting and delaying decision
  4. Buying resources but not using them

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