CHAPTER-1

SYLLABUS

1 Nature and Significance of Management 

Management-concept, objectives, and importance 

 The concept includes meaning and features of management. After going through this unit, the student/ learner would be able to:

 Understand the concept of management. 

 Explain the meaning of Effectiveness and Efficiency. 

 Discuss the objectives of management. 

 Describe the importance of management. 

Management as Science, Art, and Profession 

 Examine the nature of management as a science, art, and profession. 

Levels of Management 

 Understand the role of top, middle and lower levels of management 

Management functions-planning, organizing, staffing, directing and controlling 

 Explain the functions of management 

Coordination- concept, and importance 

 Discuss the concept and characteristics of coordination. 

 Explain the importance of coordination. 

MULTIPLE CHOICE QUESTIONS:

CHAPTER-1(NATURE AND SIGNIFICANCE OF MANAGEMENT)

1.Which of the following is not a function of Management

 a. Planning 

b. Controlling 

c. Cooperating

d. Staffing. 

2. Where lies the need of organisation? 

(a) In business organization

(b) In non-business organisation 

(c) In both (a) and (b) 

(d) No where 

3. Which one of the following sequence of process of management is correct:

 (a) Planning, Controlling, Organising, Staffing

 (b) Staffing, Planning, Organising, Controlling

 (c) Planning, Organising, Staffing, Controlling

 (d) Organising, Planning, Staffing, Controlling

4. Which of the following statements is not true with regard to management?

 (a) Management is dynamic in nature.  

 (b) All organisations require management. 

 (c) Management as a process cannot be seen. 

 (d) Various functions of management are performed one after the other. 

 5. Whose specialty happens to be ‘personal skill’?

 (a) Profession

 (b) Art

 (c) Science

 (d) None of these

6. Under what function of management does the ‘corrective action’ fall? 

 (a) Planning

 (b) Organising

 (c) Directing 

 (d) Controlling 

 7. Coordination is

 (a) Function of management 

 (b) The essence of management

 (c) an objective of management

 (d) none of the above 

 8. Number of levels of management are:

 (a) one

 (b) two

 (c) three

 (d) four 

9. Which of the following is true? 

 (a) Coordination is not equally important at all levels of management 

 (b) Coordination has no importance

 (c) Coordination is equally important at all levels ofmanagement

 (d) None of these 

 10. What out of the following has been called the essence of management?

 (a) Communication 

 (b) Coordination

 (c) Supervision

 (d) Leadership 

 11. The following is not an objective of management

 (a) Earning profits 

 (b) growth of the organisation

 (c) providing employment

 (d) policy making 

12. Setting Objective is a function of:- 

(a). Middle level management 

(b). Operational level management

(c). Top level Management 

(d). None of the above

13. Management ensures:

 (a) Providing employment opportunities

 (b) Maintaining profit

 (c) Ensuring maximum utilisation of resources

 (d) Control on cost 

14. At what level of management does the Chief Executive Officer operate?

 (a) Top-level

 (b) Middle-level 

 (c) Lower-level

 (d) None of these

15. A manager obtains the required capital at 12% interest while the prevailing rate of interest happens to be 10%. How would you describe such a manager?

(a) Efficient 

(b) Effective

(c) Efficient and Effective 

(d) Inefficient 

16. ‘Thinking before doing’, under which function of management is this performed?  

(a) Controlling

(b) Directing 

(c) Organising

(d) Planning 

17.Arrangement of various resources for achieving the target, under which function of management is this performed 

(a) Controlling 

(b) Directing 

(c) Organising 

(d) Planning 

18.Sanya owns a company which manufactures leather bags. On the 25th foundation anniversary of her company, she made few important announcements which included the expansion of business in Africa and Europe, increase in the salary of workers and provision of a servant quarters for the housekeeping department. Which of the following objectives of management are fulfilled in the given situation?

 (a) Social objectives

 (b) Organisational objectives

 (c) Personal objectives

 (d) Both (b) and (c)