NATURE AND SIGNIFICANCE OF MANAGEMENT
(A) MULTIPLE CHOICE QUESTIONS
1 Which of the following is used extensively for all types of activities and mainly for taking charge of different activities in any enterprise.
(a) Planning
(b) Management
(c ) Coordination
(d) Staffing
2 Which of the following feature of management is involved in managing an enterprise are common to all organizations whether economic, social or political?
(a) Management is a goal oriented process
(b) Management is all pervasive
( c) Management is a continuous process
(d) Management is a group activity
3 How is the growth of a business measured?
(a) in terms of sales volume
(b) increase in the number of employees
( c) increase in capital investment
(d) all of the above
4 Which of the following nature of management involves skilled and personal application of existing knowledge to achieve desired results’
(a) Science
(b) Art
(c) Profession
(d) None of these
5 Which of the following statement is true as management as a science?
(a) Existence of theoretical knowledge
(b) Based on practice and creativity
(c ) Principles based on experimentation
(d) Professional association
6 Which of the following comes under the top management?
(a) Chief executive officer
(b) Operation manager
( c) foremen
(d) supervisors
7 Coordination is needed at:
(a) Lower level management
(b) Middle level management
(c) Top level management
(d) All of the above
8 Rama (P) Ltd uses environment- friendly techniques of production. Name the objective of the Company strives to attain?
9 Define management.
10 Arrow Ltd.‟s target is to produce 20,000 shirts/month at cost of Rs.150 per shirt. The Production Manager could achieve this target at cost of Rs.170/ shirt. Do you think the Production Manager is “efficient”? Give reason in support of your answer.
11 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?
12 On the basis of the changes taking place in the Business Environment, „Delhi Motors Ltd. Took the decision that now the survival in the market could be possible only by adopting the Modern Technology. It implemented this decision. To do the production by using the Modern Technology, the company had to appoint, in a large number, the specialists in the technology. As soon as these people entered the company, the employees were divided into two groups: one group was of the specialists and the other of all the rest of the employees. The company‟s environment began to deteriorate. To cope with this situation, the company had to call a team from outside, which removed the differences cropped up among the employees.
Which point of importance of coordination has been mentioned in the paragraph given above. Identify the importance of coordination in the paragraph given above.
13 Why is management considered a multi-faceted concept?
14 The General Manager of ‘Dehradun Wood Pvt. Ltd. called a meeting of Production Manager sales manager of both his company. He explained to them that both of these departments are the basis of the company’s success. Therefore, it is very necessary for both of them to work with coordination. Also they were told that whatever decisions they took for their respective departments, which could affect others, they must give its information to them immediately. They did the same. As a result of this, there never arose a situation in the company, when the sales orders could not be complied with because of the shortage of goods. Do you think the Production Manager is “effective”? Give reason in support of your answer.
15 Coordination is the essence of management. Do you agree? Give reasons.
16 Your Friend is working as a “worker” in a company.
At what level of Organization is he “working”? What is the name of place / area where he is working?
17 Your Grand Father has retired as the Director of a manufacturing Company. At which Level of Management was he working? Different type of Functions are performed at this level. Sate any three Functions?
18 Discuss the basic features of management as a profession.
19 Mr. Kumar, who is an M.B.A, has been appointed at the Post of General Manager in ABC Ltd Company. Just after his appointment he took a decision to set up a Chemical Plant near a residential colony. (The chosen location to set up the plant was favorable for many reasons to the Company). After some time, another important decision to the amount of charity been given annually to educational institutions and religious institutions was withdrawn giving the justification that it was an unnecessary burden on the Company. More emphasis was given to the share of the Company in the market and in search of modern procedures. Apart from this, a long time labor dispute was resolved by taking a balanced decision.
(i) Tell Mr. Kumar is at fault?
(ii) If yes, the fault is in which context?
(iii) How can the mistake be amended?
20 Ms. Bharti passed her M.B.B.S examination in the first division in 2011. Later on, the year 2014 she passed her M.S examination as an eye surgeon. She was awarded a gold medal in this examination. After completing her studies, she joined a big hospital as an eye surgeon. She is performing ten operations successfully every day. Now tell, what aspect of Ms. Bharti‟s above experience is science & what aspect is art.
21 Management is considered to be both an art and science. Explain.
22 You have three brothers. They are working in three different MNC‟s as General Manager,Supervisor and Deputy Personnel Manager. What functions of Management do you think they are performing in their Companies? Are they performing the same functions of Management? If yes, how?
23 Mr. Raman is working as “Plant Superintendent” in A.B.C Ltd. Company. Name the Managerial Level at which he is working? State any four functions he will perform as „Plant Superintendent‟ in this company.
24 Do you think management has the characteristics of a full-fledged profession?
25 1. Company X is facing a lot of problems these days. It manufactures white goods like washing machines, microwave ovens, refrigerators and air conditioners. The company’s margins are under pressure and the profits and market share are declining. The production department blames marketing for not meeting sales targets and marketing blames production department for producing goods, which are not of good quality meeting customers’ expectations. The finance department blames both production and marketing for declining return on investment and bad marketing.
a. What quality of management do you think the company is lacking? Explain briefly.
b. What steps should the company management take to bring the company back on track?
2. A company wants to modify its existing product in the market due to decreasing sales. You can imagine any product about which you are familiar. What decisions/steps should each level of management take to give effect to this decision?
A firm plans in advance and has a sound organization structure with efficient supervisory staff and control system. On several occasion it finds that plans are not being adhered to. It leads to confusion and duplication of work. Advise remedy.
26 “A successful enterprise has to achieve its goals effectively and efficiently.” Explain.
27 Management is a series of continuous interrelated functions. Comment.
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