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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 2 · 25 questions

Practice questions

01In a crisis a company first saved cash and then focused on essential products. Which managerial benefit is shown?

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Answer and explanation

02If management improves quality by studying customer complaint data which benefit is most clear?

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03In which situation does absence of management affect both goals and resources?

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04An organisation made a record of employee skills and assigned suitable work. Which importance does this show?

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05If an organisation applies a new policy but does not explain its purpose what result is possible?

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06Which option gives the most correct meaning of management helps in achieving group goals?

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07A company gave respect to employees and costs also fell through their suggestions. Which dual benefit is shown?

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08In which situation is management useful for both society and organisation?

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09If an organisation only takes quick decisions but does not check facts which managerial quality is missing?

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10In a factory safety rules reduced accidents and work stoppages also decreased. Which benefit is shown?

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11Which option understands importance of management in the narrowest way?

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12If management identifies new opportunities but fails to arrange resources which benefit is incomplete?

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13Consider the assertion and reason. Assertion management increases efficiency. Reason it ensures better use of time money and material. Choose the correct option.

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14A company set goals but completely ignored employees personal needs. Which importance of management will become weak?

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15If an organisation improves actual quality to improve its image which importance is shown?

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16An organisation has good resources but unclear goals. Which primary benefit of management is needed?

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17If management forgets the main goal while trying to satisfy all stakeholders what is the risk?

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18In which case is management helps in creating a dynamic organisation most clear?

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19If management does not use employees talent what loss can the organisation face?

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20The statement says resources automatically reach their best use even without management. What is the correct evaluation?

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21An organisation informed both old customers and employees while changing goals. Which importance is shown?

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22In which situation are social development role and goal achievement role of management seen together?

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23If plans change repeatedly but reasons are not explained in an organisation which management weakness will appear?

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24Which option gives the most complete practical picture of importance of management?

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25In a case an organisation saved resources achieved goals developed employees increased customer trust and adopted new technology. This is an example of what?

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