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Subjects

Business Studies

Objectives of management

In this Class 12 Business Studies topic from the chapter “Nature and Significance of Management,” students learn why management is essential for every organisation. The topic explains organisational objectives such as survival, profit and growth, along with social objectives like supplying quality goods, creating employment and protecting the environment. It also covers personal objectives, including fair wages, recognition, career growth and job satisfaction, and shows how managers balance these goals through effective and efficient use of resources.

Medium · Level 1 · 25 questions

Practice questions

01What is the most balanced base for the long-term sustainable success of a venture?

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02If an entrepreneur solves a social problem while also earning profit, what kind of thinking is shown?

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03If an organisation has no clear goals, what will be the first effect on the management process?

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04In which situation is a conflict between personal and organisational objectives visible?

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05What does creating a balance among different interests in management mean?

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06Profit is stable, but a company is opening new markets and increasing its size. Which objective is emphasised?

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07In which situation is the survival objective of management most clearly visible?

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08A business earns a reasonable profit after covering its costs. Which organisational objective does this represent?

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09When an organisation opens new branches and increases market share which objective is dominant?

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10An organisation is earning profit but has not expanded for many years. Which organisational objective needs attention?

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11If a company focuses only on profit and ignores customer quality expectations what is the risk?

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12Giving employees fair wages and safety is linked with which type of objective?

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13Which element is generally not considered a part of personal objectives?

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14Which example most clearly shows a personal objective?

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15When employees want respect and recognition which objective does management try to fulfil?

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16An organisation pays fair wages but gives no opportunity to learn. Which personal aspect is weak?

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17What is the most correct meaning of social objective?

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18Which option is an example of a social objective?

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19Providing good quality goods to customers at fair price is related to which objective?

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20If a company increases profit by evading tax, which objective is affected?

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21A company provides employment to local people. This may relate to which objective?

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22An organisation earns profit but does not pay employees on time. Which objective is ignored?

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23An organisation serves society but continuously suffers losses. Which objective needs special attention?

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24Why is balance among objectives of management necessary?

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25Which option correctly matches all three types of objectives?

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